华为鸿蒙行业事件点评：鸿蒙OS NEXT开启公测，智能终端操作系统格局有望重塑

Investment Rating - The industry investment rating is "Outperform" [7] Core Viewpoints - Huawei's Harmony OS NEXT has entered public testing, accelerating the expansion of its ecosystem. Major applications like Weibo, WPS, and Pinduoduo have launched Harmony versions, indicating a significant growth phase for Huawei's ecosystem [2][3] - Harmony OS NEXT has surpassed the Linux kernel, potentially reshaping the smart terminal operating system landscape. The new system architecture has improved performance by 10.7% and overall device performance by 30%, while reducing power consumption by 20%. In Q1 of this year, Harmony OS captured a 17% market share, surpassing Apple's iOS to become the second-largest operating system in China's smartphone market [3][4] - Financial institutions are rapidly adopting "pure Harmony" systems, with over 10 small and medium-sized banks, including Zheshang Bank and Suzhou Bank, integrating Harmony OS since September 2024. Companies like Kelong Software and Jingbeifang have secured contracts for developing Harmony native apps for banks, indicating a growing demand for Harmony ecosystem payment infrastructure [3][4] Summary by Sections Industry Overview - Huawei's Harmony OS NEXT public testing began on October 8, with initial support for devices like the Huawei Mate 60 series and MatePad Pro 13.2-inch series. The official version upgrade is expected in Q4 2024, with more devices supported by 2025 [3] Market Position - Harmony OS has achieved a 17% market share in Q1 2024, breaking the duopoly of iOS and Android in the Chinese market [4] Financial Sector Adoption - Since the launch of Harmony OS in August 2019, major banks have begun integrating the system, with a notable acceleration in adoption in 2024. The ecosystem's payment infrastructure is expanding rapidly, supported by various software companies [3][4]