中泰科技：纯血鸿蒙公测在即，四问四答重申投资机会

Investment Rating - The report maintains a "Hold" rating for the industry [1][38]. Core Insights - HarmonyOS NEXT is set to officially launch on October 8, 2024, with the Mate70 series being the first to commercialize it in Q4 2024. The beta version has received over a million feedback suggestions, leading to the release of 10,000 applications across 18 major fields, covering 99.9% of user usage time [1][11]. - The OpenHarmony 5.0 version has been released, aligning with HarmonyOS, enhancing user experience, data security, and entertainment capabilities, facilitating more efficient development for developers [3][24]. - The report emphasizes the necessity and urgency of self-developed operating systems, highlighting the challenges and strategies for Huawei's HarmonyOS to break through in a competitive market [3][26][27]. Summary by Sections HarmonyOS NEXT Launch - HarmonyOS NEXT is expected to officially launch on October 8, 2024, with the Mate70 series being the first to utilize it commercially in Q4 2024. The beta version has been tested since June 2024, leading to significant improvements based on user feedback [1][11][8]. OpenHarmony 5.0 Update - The OpenHarmony 5.0.0 Release version was launched on September 30, 2024, enhancing alignment with HarmonyOS and improving user experience, data security, and entertainment features [3][24]. Self-Developed Operating Systems - The report discusses the necessity of self-developed operating systems, citing external risk minimization, alignment with domestic trends, and the need for improved software performance as key reasons for Huawei's focus on HarmonyOS [3][26][27]. - Challenges include the high initial investment and long development cycles typical of operating systems, as well as the difficulty in disrupting established market monopolies [3][27]. Huawei's Strategy - Huawei's HarmonyOS aims to achieve technical independence through distributed architecture, enabling seamless cross-device collaboration and enhanced security [3][28][31]. - The report highlights the importance of ecosystem rebuilding, leveraging Huawei's hardware advantages and fostering partnerships with application developers to drive innovation [3][31][32]. Investment Opportunities - The report suggests that the maturation of the HarmonyOS native application ecosystem in 2024 will lead to significant commercial opportunities, recommending attention to partners in the operating system, application, and hardware integration sectors [3][36].