The Zhitong Finance App learned that Guolian Securities released a research report saying that quantum information has entered the early stages of rapid development. Its computational power is superior to traditional calculation models. It can empower chemistry, finance, artificial intelligence, transportation, aviation, meteorology, etc., and there is broad room for growth. The superiority of quantum information technology in improving computing power and empowering multiple industries has been verified. Since the industry is in its infancy, technological upgrades and industrial applications will still take time to break through. In the future, as innovations combining technology and industry gradually unfold, quantum information technology is expected to drive the industrial chain and empower the industry to improve its performance. It is recommended to pay attention to Shenzhou Information (000555SZ) and Guangxun Technology (002281.SZ).

The main views of Guolian Securities are as follows:

Quantum mechanics accelerates the pace of industry progress

Quantum information can be defined as an interdisciplinary field between quantum mechanics and information science. It is a technology based on the principles of quantum mechanics that artificially observe and control microparticle systems such as photons and electrons and their quantum states, and uses unique physical phenomena such as quantum superposition and quantum entanglement.

There are three concepts in quantum information: 1) Qubits. Compared to bits, the possible basic states of a qubit are |0> states and |1> states, so the amount of information contained has increased dramatically. 2) Quantum superposition means that a quantum system can be in superimposed states with different quantum states. 3) Quantum entanglement. Two qubits form a quantum entangled state.

Expanding potential application scenarios for quantum information in multiple fields

Quantum information is mainly divided into three fields: 1) Quantum communication: Quantum communication can use quantum technology to complete tasks that cannot be completed by classical communication. 2) Quantum computing: Quantum computing is a new calculation model that follows the laws of quantum mechanics to control quantum information units for calculation. 3) Quantum measurement: Quantum measurement is an interdisciplinary field of quantum information and precise measurement.

Quantum computing technology is being developed in parallel with various hardware technology routes, and highlights have been achieved frequently

Quantum computing hardware has various technology routes developed in parallel. It is mainly divided into two categories: one is artificial particle routes represented by superconductors and silicon semiconductors, and the other is natural particle routes represented by ion traps, photons, and neutral atoms. Research results continue to emerge on all major technology routes, showing a trend of open competition. No technology route has shown obvious comprehensive advantages.

The upstream and downstream quantum computing industry chains have taken shape, and there is plenty of room for future expansion

The upstream ecosystem of the quantum computing industry mainly includes environmental support systems, measurement and control systems, and various key equipment components and components. The midstream of the industrial ecosystem mainly involves quantum computing prototypes and software. Among them, prototypes are a core part of the industrial ecosystem. The downstream industrial ecosystem covers quantum computing cloud platforms and industry applications, and is in the early stages of development. Application exploration based on mid-scale noisy quantum processors (NISQ) and dedicated quantum computers has been carried out widely at home and abroad, covering many industries such as chemistry, finance, artificial intelligence, transportation and aviation, meteorology, etc., and the scale of the industry has reached the level of 100 billion US dollars.

The market space is broad, and the industry is expected to usher in a period of rapid growth

IDC estimates that global spending on quantum computing technology (including hardware, software, and as-a-service solutions) is expected to grow from $1.1 billion in 2022 to $7.6 billion in 2027, at a five-year CAGR of 48.1% (2022 to 2027). Current quantum computing technology has yet to reach commercial maturity. The ability of future quantum computing to solve complex problems and other difficult problems in the market will often require a large number of high-quality qubits, and these qubits can be expanded while maintaining high fidelity.

Policy support is frequent, and relevant technology is already in reserve

Local policies and measures mainly focus on the three major areas of scientific research, hardware, and application, and policies frequently support the rapid development of the industry. As of May 2021, China's quantum computing/quantum communication has applied for 912/ 1,069 public patents, and the number of quantum communication patents is higher than that of the US. Domestic quantum computers represent the birth of Jiuzhang No. 3, Zu Chong Zhi No. 2, and Benyuan Goku, and are expected to provide a computing power foundation for the application side.

Risk warning: The development of quantum information technology falls short of expectations; the commercialization process falls short of expected risks; industry competition increases risks.