润和软件:创新业务持续增长,持续加码鸿蒙商业化落地

Core Insights - Runhe Software (300339) reported a revenue of 1.747 billion yuan for the first half of 2025, representing a year-on-year growth of 10.55% [1] - The company's net profit attributable to shareholders, excluding non-recurring items, reached 52.17 million yuan, marking a year-on-year increase of 47.33%, indicating continuous improvement in profitability [1] - The innovative business segment maintained growth, achieving sales revenue of approximately 368 million yuan, a year-on-year increase of 8.96%, accounting for 21.07% of total revenue [1] Business Development - Runhe Software is a key player in the open-source HarmonyOS ecosystem, being a gold donor to the OpenAtom Open Source Foundation and a core participant in the HarmonyOS project group [1] - The company has launched 13 commercial distribution versions tailored for various industries, leading the community in terms of the number of distributions [1] - The commercial applications of these distributions have been realized in sectors such as power, healthcare, mining, oil and gas, transportation, and education [1] Industry Outlook - Western Securities highlighted that operating systems are crucial for terminal devices, and achieving self-control is essential to effectively counter external technological blockades [1] - The firm is optimistic about the domestic replacement prospects of HarmonyOS in key areas, with Runhe Software positioned to benefit significantly as a core participant in the HarmonyOS ecosystem [1]