首款鸿蒙笔记本电脑和鸿蒙折叠电脑正式问世，宣告个人电脑国产操作系统取得里程碑式突破。 5月19日，华为在成都召开了nova 14系列及鸿蒙电脑新品发布会，发布了全球首款鸿蒙折叠电脑 MateBook Fold非凡大师版。华为常务董事、终端BG董事长余承东表示："今天我们带来了颠覆行业的电 脑产品！" 据了解，华为MateBook Fold是非凡大师家族的新成员，采用了华为"史上最好的屏幕"以及针对电脑进 行"专项增强"的鸿蒙系统，该电脑起售价为23999元。此外，全球首款鸿蒙笔记本电脑MateBook Pro也正 式发布，起售价为7999元。 据悉，两款电脑都是今晚开启预售，6月6日上午10点8分正式开售。 "颠覆行业"的鸿蒙折叠电脑 "今天我们终于解决了电脑大屏和便携无法兼容的历史难题！让我们迎来便携一体机的全新时代。"余承东 表示。 从屏幕和便携来看，华为MateBook Fold屏幕展开后可达18英寸，成为全球最大商用折叠屏电脑，薄至 7.3mm。而折叠后电脑只有13英寸，总重量轻至1.16kg，比MacBook Air还要轻。 余承东表示，MateBook Fold搭载了"华为史上最好的电脑屏幕"。据 ...

Core Viewpoint - The emergence of the GPMI (General-Purpose Multimedia Interface) standard represents a significant shift in the audio-visual interface landscape, aiming to unify various standards and reduce the complexity of connections in electronic devices, while leveraging China's manufacturing and technological capabilities [1][6][27]. Group 1: Industry Context - The HDMI standard, established in 2002 by major Japanese companies, has dominated the market but has imposed a "technology tax" on manufacturers, particularly in China, where the burden is estimated at around 60% of the total fees collected globally [1][4][19]. - In 2024, Chinese manufacturers such as TCL, Hisense, and Xiaomi are projected to hold a combined 31.3% share of the global television market [1][19]. - The GPMI standard is being developed in response to the limitations of existing interfaces like HDMI and DisplayPort, which have struggled to adapt to the evolving needs of high-definition content and smart devices [6][27]. Group 2: GPMI Features and Advantages - GPMI supports high bandwidth of 96Gbps for 8K 120Hz uncompressed video transmission and can provide up to 480W of power, making it suitable for a wide range of devices [9][10][12]. - The GPMI Type-C interface is designed to be backward compatible with existing USB Type-C, ensuring a smooth transition for consumers and manufacturers [15][18]. - GPMI's dual-directional transmission and control capabilities allow for a single remote to manage multiple connected devices, enhancing user convenience [10][12]. Group 3: Industry Support and Development - The GPMI initiative has garnered support from over 90 industry partners, including major manufacturers and research institutions, indicating a strong collaborative effort to establish this new standard [16][18]. - The Chinese government has shown commitment to GPMI's development through various supportive policies aimed at accelerating its adoption in the audio-visual industry [19][20]. - The GPMI standard is expected to play a crucial role in the rapidly growing ultra-high-definition market in China, projected to reach a scale of 5 trillion RMB by 2024 [20][27]. Group 4: Challenges and Market Dynamics - Despite the strong technical advantages of GPMI, there are concerns regarding its market adoption, as many manufacturers are still unaware of the technology, and existing consumer habits may pose resistance to change [21][24]. - The presence of a vast number of legacy devices in the market complicates the transition to GPMI, as compatibility with older technologies remains a significant hurdle [24][25]. - The success of GPMI will depend on its ability to deliver tangible benefits to consumers and effectively compete with established standards like HDMI and DisplayPort [21][26].

Investment Rating - Rating: Overweight [1] Core Viewpoints - The launch of Harmony PC enhances Huawei's '1+8+N' strategy, positioning it to lead in the AI era and the Internet of Everything [4][6] - Harmony PC reconstructs the OS from the kernel, with a focus on performance, security, and distributed features [7] - Harmony OS ecosystem has surpassed 1 billion devices, with over 7.2 million developers and more than 20,000 native applications [9] Summary by Sections Investment Recommendations - Recommended targets include Chinasoft International, Isoftstone Information Technology, Newland Digital Technology, Jiangsu Hoperun Software, and Talkweb Information System; related targets include Beijing Oriental Jicheng, Jwipc Technology Co., Ltd., and Shijiazhuang ChangShan BeiMing Technology [4][6] Harmony OS Development - Harmony OS is built on a robust foundation with the Harmony kernel, Ark Engine for performance enhancement, and a distributed architecture for resource sharing [7] - The ecosystem includes over 2000 integrated applications, with 150+ dedicated PC applications already adapted [4][9] AI and IoT Integration - Harmony AI sets a new standard for smart computing, enabling system-level assistants and efficient collaboration across devices [8] - Harmony PC supports over 1000 peripheral devices, breaking hardware barriers and enhancing user experience [8] Ecosystem Growth - Huawei's ecosystem has reached over 1 billion devices, supported by a significant investment in the Harmony Ecosystem Partner Program [9] - The dual-track strategy allows compatibility with mainstream Windows applications, reducing user migration costs [9]

Core Insights - Apple is facing unprecedented challenges in the Chinese market, with its sales volume declining while competitors are gaining ground [1][5][6] - The company's revenue in Greater China has decreased for seven consecutive quarters, with a latest decline of 2.3% [1][6] - Apple's pricing strategy has created confusion, as it maintains different prices across online and offline channels, leading to consumer dissatisfaction [4][5] Pricing Strategy - Apple has implemented significant price reductions for the iPhone 16 Pro series, making it eligible for government subsidies for the first time [1][3] - Discounts for the iPhone 16 series during the "618" shopping festival include up to 2000 yuan, but the official website and physical stores still list original prices [2][3][4] - The pricing inconsistency between online and offline channels has led to self-competition and increased market confusion [4] Market Performance - In Q1 2025, Apple's market share in China dropped to 13.7%, with a 9% decline in shipment volume, while the overall smartphone market grew by 3.3% [5][6] - Despite a global increase in shipments by 10%, Apple's performance in China continues to lag behind competitors like Xiaomi and Huawei [5][6] - The decline in Apple's market position is attributed to its Pro series products not being included in the government subsidy program [5][6] Competitive Landscape - Apple's traditional advantages in design, hardware, and software are diminishing as competitors close the technological gap [7] - The rise of interconnected ecosystems from domestic brands like Huawei and Xiaomi poses a significant challenge to Apple's market competitiveness [7] - The recent cessation of the tariff war is seen as a temporary relief for Apple, but long-term strategies remain conflicted between maintaining high-end positioning and increasing market share [7]

华为" 1+8+N "全场景生态完善，鸿蒙 OS 生态突破 10 亿设备 。 ① 5 年来华为集结了超过 1 万名工程 师，联合 20 多家研究所，积累了 2700 余项核心专利，覆盖操作系统内核、分布式架构、安全机制等关 键领域，鸿蒙电脑的发布标志着华为" 1+8+N "全场景生态的完善。 ② 面对 Windows 生态的垄断优 势，华为采用"双轨并行"策略：初期通过"鸿蒙 + 模拟器"方案兼容主流 Windows 应用，降低用户迁移 成本；同时投入超百亿元启动"鸿蒙生态伙伴计划"，为开发者提供从技术培训到流量扶持的全链条支持 。 ③ 鸿蒙操作系统的生态已经突破 10 亿台设备，开发者数量也超过 720 万，原生应用和元服务已上架 超过 20000 个 。 报告导读： 鸿蒙 PC 从内核开始重构 OS ，生态方面有 2000+ 融合应用加速适配，预计 在 AI 和万物互联新战场占据一席之地；鸿蒙 PC 的推出同时也繁荣了整个鸿蒙 OS 生 态。 投资建议： 鸿蒙 PC 的推出将完善华为" 1+8+N "布局，有望在 AI 时代占据先机，成为万物互联时代的 入口。 鸿蒙 PC 从内核开始重构 OS 。 ① 鸿 ...

翱捷科技股份有限公司 2024 年年度股东大会会议资料 翱捷科技股份有限公司 翱捷科技股份有限公司 2024 年年度股东大会会议资料 翱捷科技股份有限公司 2024 年年度股东大会会议资料 证券代码：688220 证券简称：翱捷科技 翱捷科技股份有限公司 翱捷科技股份有限公司 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据《中华人民共和国公司法》、《中华人民共和国证券法》、 《上市公司股东大会规则》以及《翱捷科技股份有限公司章程》、《翱捷科技股 份有限公司股东大会议事规则》等相关规定，特制定 2024 年年度股东大会须知。 一、为保证本次大会的严肃性和正常秩序，切实维护与会股东（或股东代理 人）的合法权益，除出席会议的股东（或股东代理人）、公司董事、监事、高级 管理人员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他无关人员进 入会场。 二、出席会议的股东及股东代理人须在会议召开前半小时到会议现场办理签 到手续，并按规定出示证券账户卡、身份证明文件或营业执照/注册证书复印件 （加盖公章）、授权委托书等，上述登记材料均需提供复印件一份，个人登记材 料复印件须个人签字 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index in the next six months [4][18]. Core Views - The company has achieved record high sales revenue and net profit in Q1 2025, driven by significant growth in the automotive electronics and data center sectors, while the communications and consumer electronics segments showed modest performance [2][3]. - The company is well-positioned to benefit from the ongoing recovery in the global smartphone market and the increasing demand for high-performance electronic components, particularly in the context of AI integration in mobile devices [8][9]. - The report forecasts a steady increase in revenue and net profit over the next few years, with projected net profits of 1.08 billion, 1.34 billion, and 1.67 billion yuan for 2025, 2026, and 2027 respectively [9]. Financial Summary - For 2023, the company reported a revenue of 5,040 million yuan, with a year-on-year growth rate of 18.9%. The net profit attributable to the parent company was 641 million yuan, reflecting a significant year-on-year growth of 48% [1]. - The projected revenue for 2025 is 7,177 million yuan, with a growth rate of 21.7%, and the net profit is expected to reach 1,081 million yuan, maintaining a growth rate of 29.9% [1][9]. - The company's gross margin for Q1 2025 was 36.56%, with a net margin of 17.84%, indicating improved profitability despite a slight decrease in gross margin year-on-year [2]. Business Performance - The automotive electronics segment has shown remarkable growth, with a year-on-year increase of 90.47% in the first quarter of 2024, despite a general slowdown in the new energy vehicle market [3]. - The company has successfully expanded its customer base, achieving comprehensive coverage of top-tier automotive electronics and new energy vehicle clients globally [3]. - The report highlights the company's ongoing efforts in product innovation and market expansion, particularly in the fields of automotive electronics and energy storage, which are expected to drive future growth [9].

Core Viewpoint - Huawei is set to officially launch its first HarmonyOS computer on May 19, marking a significant step for domestic operating systems in the PC sector, transitioning from Microsoft Windows to HarmonyOS for all future computer products [3][4]. Group 1: Huawei's Product Transition - Huawei's transition to HarmonyOS for its computers signifies a major shift in its product strategy, with all new computers to be pre-installed with HarmonyOS [3]. - Existing Huawei computer users will not be affected by this transition, as Microsoft will continue to provide updates for Windows operating systems installed on their devices [3]. Group 2: Market Implications - The introduction of HarmonyOS PCs is expected to fill a 30-year gap in mainstream domestic computer operating systems, representing a crucial advancement for China's electronic information industry [4]. - The security and autonomy features of HarmonyOS PCs are anticipated to attract significant interest from government, finance, and education sectors, potentially opening up new market opportunities [4]. Group 3: Market Position - According to IDC, Huawei held a 34.5% market share in the Chinese tablet market in Q1 2025, maintaining its position as the market leader [4].

最新预告。 据华为终端微博消息，nova14系列及鸿蒙电脑新品发布会，5月19日14:30见。 5月8日，华为在深圳举办鸿蒙电脑技术与生态沟通会，"鸿蒙电脑"正式亮相，意味着国产操作系统在个人 电脑（PC）领域迈出关键一步。华为终端BG平板与PC产品线总裁朱懂东宣布，华为终端全面进入"鸿蒙 时代"，华为智慧办公全新升级为鸿蒙办公。 按照华为计划，今年5月19日，华为首款鸿蒙电脑将正式发布。此后，华为所有发布的电脑新品都将全部 预装鸿蒙操作系统，而此前其电脑产品都搭载微软Windows操作系统。 但随着华为电脑进入鸿蒙时代，不少原华为电脑用户开始担忧："我之前购买的华为电脑后续使用是否受 华为鸿蒙电脑战略影响，所安装的Windows操作系统后续是否可以持续更新？" 对此，证券时报·e公司记 者从可靠渠道获悉，华为原有电脑用户将完全不受鸿蒙电脑战略影响。 "原购买了华为电脑的用户，本质上也是微软用户，用户购买了微软Windows操作系统的服务，那么微软 就有义务持续为用户提供更新等服务，这个服务不受电脑品牌影响，微软对用户一视同仁。"知情人士告 诉记者。 华为官方客服人员也向记者确认，后续华为电脑都预装鸿蒙操作系 ...

5月8日，在鸿蒙电脑技术与生态沟通会上，备受期待的鸿蒙电脑正式亮相。这是鸿蒙操作系统首次 登陆电脑端，也是中国电子信息产业迈向自主生态的历史性跨越。 与过往基于Linux内核二次开发的国产系统不同，鸿蒙电脑从内核层全栈自研，彻底实现"从根到 叶"的自主可控。它诞生于华为十年磨一剑的操作系统研发体系，内核代码自主率达100%。在移动端 验证成熟的分布式技术、软硬芯云协同、系统级AI、星盾安全架构首次全面落地电脑端，让中国用 户第一次拥有了"从芯片到应用"完全可控的桌面计算平台。 更重要的是，这款产品的出现，将曾经割裂的手机、平板、电脑三大终端真正纳入统一的鸿蒙生态， 让跨设备无缝协同从概念变为日常办公的真实体验。手机拍摄的素材可一键拖拽至电脑编辑，平板能 化身电脑的扩展屏幕，所有设备在鸿蒙的分布式软总线技术下形成"超级终端"。 然而，这场操作系统的突围战从来不是单打独斗。正如华为在技术与生态沟通会上反复强调的，鸿蒙 电脑的诞生是"中国电子信息产业的集体成果"。从底层芯片的深度适配，到WPS、飞书等头部应用 的定制化开发，再到数百万开发者的代码贡献，一个属于中国的操作系统生态正在从涓涓细流汇聚成 江海。 当全球科 ...