Investment, Financing, and Industrial Ecosystem factors. First, while the external macroeconomic environment continued to influence long-term technology investments, investment institutions exhibited support, industrial synergies, and sustained technological advancements, some capital inflows into the quantum computing sector increased. Second, investment focus further concentrated on engineering capabilities and system integration. consistency pathways, and system integration and delivery capabilities. Such orojects typically require larger financing rounds, contributing more significantly to the annual total. Third, in terms of funding distribution between hardware and financing, while software accounted for less than 3o%. This indicates that hardware platform capabilities remain the core constraint in the industry, with the underlying hardware computing power availability, system stability, and cost