Investment Rating - The report maintains a "Buy" rating for China Software International (0354.HK) [3][5] Core Viewpoints - The recent product launch event highlights the technological advancements of China Software International and Shen Kaihong in the open-source HarmonyOS and robotics sectors, which is expected to attract more developers and accelerate the construction of the open-source Harmony ecosystem [3] - The company forecasts net profits of 644 million RMB, 754 million RMB, and 871 million RMB for the years 2025, 2026, and 2027 respectively, indicating a positive growth trajectory [3] Summary by Sections Product Launch - Shen Kaihong launched the Kaihong Bot series products, including the Kaihong "1+1" security digital base 5.0 and various products based on M-Robots OS, aimed at enhancing the open-source Harmony ecosystem [1][3] Kaihong Bot Series - The Kaihong Bot series is designed as an open-source Harmony learning platform for developers, featuring tools for application development, device development, and system secondary development [2] - The series includes two main products, Kaihong BotBook and Kaihong BotMini, with a starting price of 6,999 RMB, and plans for future expansions [2] Financial Forecast - The report provides a financial forecast with expected revenues of 18,263 million RMB in 2025, 19,770 million RMB in 2026, and 20,942 million RMB in 2027, showing a recovery from a decline in 2023 and 2024 [5][10] - Net profit is projected to increase from 644 million RMB in 2025 to 871 million RMB in 2027, reflecting a compound annual growth rate [5][10]
中国软件国际：创新科技大会暨新产品发布点评：深开鸿发布开鸿Bot系列产品，开源鸿蒙生态持续发展-20250526