Quantumctek sees 300% Year-on-Year Revenue Growth in H1

Updated:2023/8/31 22:45

Quantumctek Co.,Ltd. recently released its performance report for the first half of 2023. The report shows that the company achieved a revenue of 56.79 million yuan during the period, a year-on-year increase of 299.78%. The net loss was 41.96 million yuan, compared to a net loss of 45.37 million yuan in the same period last year.

Quantumctek stated that the revenue growth was mainly driven by the quantum communication field, with a year-on-year increase of 213.85% in income from products related to the construction of quantum secure communication networks. The company also vigorously promoted the application of quantum security in various industries, resulting in a 231.85% year-on-year increase in income. In the field of quantum computing and measurement, the company focused on promoting the sales of related instruments and equipment, resulting in a significant increase in revenue compared to the previous year.

In addition, the company invested 74.07 million yuan in research and development, a year-on-year increase of 12.71%, accounting for 130.43% of the revenue proportion.

Quantumctek introduced that after participating in the "Zuchongzhi Number" quantum supremacy experiment, the company further supported the successful realization of "51 superconducting qubits cluster state preparation and verification" by the superconducting quantum computing team at the University of Science and Technology of China. This achievement broke the world record for the number of entangled qubits in all quantum systems, verifying the ability to achieve medium-scale entanglement and maintaining the company's leading position in the field of quantum computing. During the reporting period, the company also delivered one femtosecond laser frequency comb device for quantum measurement.

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