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China Launches Third-Generation Superconducting Quantum Computer ‘Origin Wukong’ as Quantum Computing Enters Commercial Acceleration

Quantum computing opens up a trillion-dollar market, and the commercial era accelerates.

The third-generation self-developed superconducting quantum computer “Origin Wukong” went online on January 6th, according to CCTV News. As reported by the Anhui Quantum Computing Engineering Research Center and the Quantum Computing Chip Anhui Provincial Key Laboratory, the Chinese third-generation self-developed superconducting quantum computer “Origin Wukong” was launched and operational at 9 a.m. on the same day. This quantum computer is equipped with 72 self-developed superconducting quantum chips named “Wukong Core,” making it the most advanced programmable and deliverable superconducting quantum computer in China. Superconducting quantum computers are based on superconducting circuit quantum chips, with IBM and Google both adopting superconducting technology routes in the international arena.

Dr. Jia Zhilong, Deputy Director of the Quantum Computing Chip Anhui Provincial Key Laboratory, introduced that “Wukong” is equipped with 72 superconducting quantum chips, known as “Wukong Core.” This chip is manufactured on China’s first quantum chip production line, with a total of 198 qubits, including 72 working qubits and 126 coupler qubits.

According to the “14th Five-Year Plan,” China aims to plan and layout a batch of future industries in frontier technologies and industrial revolution areas such as neuromorphic intelligence, quantum information, genetic technology, future networks, deep-sea and aerospace development, hydrogen energy, and energy storage. In recent years, with the continuous development of quantum mechanics, quantum communication, quantum computing, and other quantum-related fields have emerged. Currently, in the field of quantum computing, China has developed the “Nine Chapters” optical quantum computing prototype, the “Zuchongzhi No.2” superconducting quantum computing prototype, etc., entering the forefront of the world.

Commercial Era of Quantum Computing Accelerates Arrival

According to Boston Consulting Group (BCG) predictions, the application market size of quantum computing is expected to reach over 500 billion USD by 2030. With the leadership of technology giants such as IBM and Google, the commercial era of quantum computing is accelerating.

Li Hongtao of Fangzheng Securities stated that quantum computing is expected to be commercialized within 10 to 15 years, and the commercialization of quantum computing is expected to occur around 2030.

In the post-Moore era, quantum computing is expected to help traditional chip performance break through limits and reshape the modern electronic information manufacturing system with chips at its core using quantum chips. In addition, from artificial intelligence, information security, encrypted communication fields to basic research, chemical energy, space exploration, etc., quantum computers are needed to solve problems that require extremely large computing power.

In the A-share market, there are 38 listed companies focusing on the quantum technology sector.

Through participation in major scientific research projects such as the “Zuchongzhi No.” quantum superiority experiment, Guodun Quantum has gradually gained the capability to provide core components and overall solutions for superconducting quantum computing, with products delivered to important clients such as Southern University of Science and Technology.

Guangxun Technology mainly cooperates with strategic partners to enter related fields through its subsidiaries, creating a quantum industry ecosystem and consolidating the foundation of quantum chip technology.

Guoyi Quantum, invested by Science and Technology of China National Cultural Investment, focuses on quantum precision measurement as its core technology, providing core key devices such as enhanced quantum sensors, scientific instrument equipment for analysis and testing, and core technical solutions for industry applications to global enterprises, governments, and research institutions.

The quantum dot laser developed by Professor Wang Zhaozhong, Chief Scientist of Huagong Zhengyuan, a subsidiary of Huagong Technology, serves the national quantum communication system and belongs to the quantum dot laser required in quantum communication.

Ke Hua Data has cooperated with Beijing Boson Quantum to build a new generation of advanced computing data centers and a new type of computing network integrating optical quantum computing based on the practical Boson Quantum optical quantum computer.

12 Concept Stocks with P/E Ratios Below 30

According to Securities Times · Databao statistics, the average increase in quantum technology concept stocks since 2023 is 12.87%, significantly outperforming the Shanghai Composite Index during the same period. Many quantum technology concept stocks, combined with artificial intelligence themes, have shown substantial gains since 2023, with Huagong Technology, Zhongke Shuguang, Dahua Intelligent, Guangxun Technology, Optics Library Technology, Suzhou Keda, etc., all gaining more than 50%. Huagong Technology, with a cumulative increase of 70%, ranks first and reached a historical high on July 17, 2023.

In terms of valuation levels, as of the latest data, Ke Hua Data, Tianrui Trust, Huagong Technology, State Power NARI, and 12 other stocks have a trailing P/E ratio of less than 30, and the Design Institute has a rolling P/E ratio of only 10.42, ranking the lowest.

In terms of institutional focus, 24 stocks, including iFlytek, Yinlun Shares, China Unicom, AVIC Optoelectronics, Zhongke Shuguang, etc., have received “positive” ratings from 10 or more institutions. iFlytek has the most institutional ratings, reaching 36. iFlytek, as a leader in domestic intelligent voice, holds 1.42% equity of Guoyi Quantum, which is a company with core technologies such as quantum precision measurement and quantum computing.

According to predictions from five or more institutions, iFlytek, Yinlun Shares, AVIC Optoelectronics, China Great Wall, and 12 other stocks are expected to achieve a net profit growth rate of more than 20% in 2023 and 2024. Among them, Ke Hua Data’s net profit growth rate is predicted by institutions to be 182.35% in 2023. The company’s revenue in the first three quarters of 2023 was 5.502 billion yuan, a year-on-year increase of 51.04%; the net profit attributable to the parent was 445 million yuan, a year-on-year increase of 54.39%. The company stated on its interactive platform that it currently has a rich and diverse intelligent computing product system, launching products such as AI bare metal, GPU server leasing, edge computing, hybrid cloud, local computing resource pool, and cloud-based elastic computing power.

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