计算机行业双周报：华为HarmonyOS NEXT问世，关注鸿蒙产业链投资机遇

Investment Rating - The report maintains an "Overweight" rating for the computer industry, expecting the industry index to outperform the market index by more than 10% over the next six months [23]. Core Insights - The computer industry index has seen a cumulative decline of 5.28% over the past two weeks, underperforming the CSI 300 index by 3.02 percentage points, ranking 19th among 31 first-level industries [7][8]. - The report highlights the launch of Huawei's HarmonyOS NEXT and Pangu Model 5.0, which are expected to accelerate the development of the native Harmony ecosystem and create investment opportunities in the related supply chain [19][20]. Summary by Sections 1. Industry Market Review - The computer sector has experienced a cumulative decline of 6.61% in June, underperforming the CSI 300 index by 3.31 percentage points, and a year-to-date decline of 24.88%, underperforming the CSI 300 index by 25.77 percentage points [7][8]. 2. Valuation Situation - As of June 28, 2024, the SW computer sector's PE TTM (excluding negative values) is 33.88 times, which is at the 3.79% percentile for the past five years and 1.97% percentile for the past ten years [13]. 3. Industry News - Huawei's HarmonyOS NEXT was officially launched, featuring a complete self-developed stack and a 30% performance improvement [15][19]. - The Pangu Model 5.0 has been upgraded across three major aspects, supporting a range of applications from mobile to enterprise-level tasks [15][19]. - The generative AI software market is projected to grow by 124% this year, indicating strong demand in the sector [16]. 4. Company Announcements - Notable announcements include the acquisition plans by Guoneng Rixin and the patent certifications received by various subsidiaries of Siwei Tuxin, indicating ongoing innovation and expansion in the sector [17][18]. 5. Weekly Perspective - The report emphasizes the potential of Huawei's new products to empower various vertical applications, suggesting a focus on investment opportunities within the Harmony ecosystem [19]. 6. Recommended Focus Stocks - The report suggests focusing on companies like GuoDian YunTong, ShenZhou Digital, and Wanji Technology, which are positioned to benefit from the growth in the domestic computing and smart transportation sectors [20].