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The research report of Zhongjin Company believes that quantum computing, as the forefront direction of a new round of technological revolution and industrial transformation, is accelerating from experimental verification to commercial application. With global technology giants (Google, IBM, Microsoft, etc.) continuously breaking through the scale of quantum bits and error correction accuracy, China is expected to achieve multiple breakthroughs with prototypes such as "Zu Chongzhi" and "Jiuzhang". The global quantum computing market is expected to grow from $5 billion in 2024 to over $800 billion in 2035, with a CAGR exceeding 55%. The hardware segment is expected to be the first to benefit, with core equipment such as measurement and control systems and dilution refrigerators likely to enter mass production cycles soon. The research report believes that quantum computing is at a critical turning point from scientific research breakthroughs to commercial implementation, and the hardware segment may lead the way in achieving industrial breakthroughs.