Group 1 - Xiaomi's first SUV, the YU7, was officially launched with a starting price of 253,500 CNY, and pre-orders exceeded 200,000 units within 3 minutes and 289,000 units within 1 hour [4] - The YU7 features a high-performance electric motor with a maximum speed of 22,000 RPM and utilizes an 800V silicon carbide high-voltage platform, allowing for rapid charging from 10% to 80% in just 12 minutes [4] - Analysts believe that Xiaomi's unique ecological advantages will significantly contribute to the surge in YU7 orders, positioning the company to lead the automotive industry towards an interconnected ecological era [4] Group 2 - Xiaomi automotive concept stocks saw a collective rise, with Xiaomi Group-W's stock opening up by 8.96% and closing up by 4.39% on June 27 [3] - A total of 25 Xiaomi automotive concept stocks are tracked, with 9 stocks receiving ratings from 3 or more institutions, indicating strong institutional interest [5] - Forecasts suggest that several Xiaomi automotive concept stocks, including Yachuang Electronics and BYD, are expected to achieve net profit growth rates exceeding 20% from 2025 to 2027 [5][6] Group 3 - QFII holdings in Xiaomi automotive concept stocks showed that 6 stocks were heavily invested by QFII as of the end of the first quarter, with Pengling Co. having the highest QFII holding ratio at 2.87% [6] - Pengling Co. has indicated that Xiaomi Automotive is a significant client, and the company will supply fluid pipeline products for Xiaomi's vehicles [7]

Core Viewpoint - Midea Group has been expanding its B2B business, which now accounts for 25.67% of total revenue, up from 18.5% in 2020, indicating significant growth in this segment [2][3]. Group 1: B2B Business Expansion - Midea's B2B business includes sectors such as new energy and industrial technology, robotics and automation, and smart building technology, with respective revenue contributions of 8.26%, 7.05%, 6.99%, and 3.37% as of 2024 [3]. - The company employs a strategy of "one fish, multiple eats," allowing it to expand revenue streams by integrating various products and services within its B2B offerings [3][4]. - Midea's approach includes a "point-to-surface" strategy, where it sells core products and expands into related systems, enhancing customer loyalty and creating a more robust business ecosystem [4]. Group 2: Focus on New Energy - Midea is strategically entering the new energy sector, particularly in solar and storage solutions, to directly engage with both B2B and B2C markets [5][7]. - The company has acquired firms like Hekang New Energy and Kelun Electronics to complete its value chain in solar, storage, and smart grid technologies, with new energy now contributing approximately 10% to overall revenue [7][8]. - Midea's existing strengths in technology, brand, and supply chain from its home appliance business provide a solid foundation for its new energy initiatives [7][8]. Group 3: Competitive Landscape and Strategy - The energy storage industry is currently facing challenges, including low-quality products and safety concerns, necessitating a return to healthy market practices [9][10]. - Midea is adopting a dual-brand strategy with Midea and Kelun to enhance its competitiveness in large-scale storage and commercial storage markets [10][11]. - The company is leveraging its extensive supply chain and customer base to facilitate easier entry into commercial energy storage, focusing on innovative solutions tailored to specific market needs [12][13]. Group 4: Technological Integration - Midea is exploring the integration of heat pump technology into its energy storage systems, which could disrupt the current dominance of electrochemical storage solutions [15][16]. - The company aims to utilize its expertise in heat exchange and thermal generation to improve the efficiency of energy storage systems, potentially leading to significant advancements in the sector [15].

Core Insights - Huawei's HarmonyOS has transitioned from a backup system to a fully-fledged operating system, with over 40 devices now using it and 99% of user time covered by the top 5000 applications [2][6][10] - The launch of HarmonyOS 6 Beta marks Huawei's ambition to enhance user experience and redefine smart living for the next decade, moving beyond merely being an alternative to Android [2][13] - Huawei aims to establish a fully independent ecosystem for HarmonyOS, reducing reliance on Android and enhancing performance and user experience [5][6] Ecosystem Development - Huawei's HarmonyOS has become the third-largest mobile operating system globally, with a focus on developing native applications to sever ties with Android [6][8] - The first phase of HarmonyOS's ecosystem has been achieved with 200 top apps, and the goal is to reach 5000 by mid-2024, eventually expanding to 500,000 apps [8][9] - As of October, over 15,000 native HarmonyOS applications and services have been launched, indicating significant progress in ecosystem maturity [9][10] User Experience and Features - HarmonyOS 6 introduces a new interconnected structure, allowing seamless media transfer between devices and enhancing user interaction through AI capabilities [13][16] - The "Touch and Share" feature has been upgraded to support sharing across multiple devices simultaneously, expanding its application scope [14][15] - The integration of AI into HarmonyOS aims to create a new AI ecosystem, enhancing user interaction and service efficiency [16][17] Developer Engagement - Huawei is lowering development barriers to attract more developers, with a new AI development assistant improving efficiency by over 30% [20][21] - The HarmonyOS Star Program will invest 100 million yuan to support developers and encourage innovation within the ecosystem [22] - The ecosystem's commercial viability is crucial, with Huawei emphasizing the need for developers to see growth opportunities [23] Market Position and Growth - HarmonyOS's market share in China surged from 2% to 19% within a year, surpassing iOS, while its global share remains at 4%, indicating room for growth [23][24] - The ecosystem aims to integrate various devices beyond smartphones, targeting a vast market potential through a distributed architecture [25] - Huawei's advertising platform has seen significant growth, with plans for further integration to enhance marketing efficiency [26] Future Challenges - Despite achieving initial success, Huawei faces the challenge of maturing the HarmonyOS ecosystem and differentiating it from competitors like Google and Apple [12][27] - The transition from a technology-driven approach to a collaborative industry-wide strategy is essential for HarmonyOS's long-term success [27]

Core Viewpoint - Xiaomi is set to officially launch its first electric SUV, the YU7, on June 26, 2023, alongside other products such as the Xiaomi Flip2 foldable phone and the Xiaomi Pad 7S Pro [1][2]. Group 1: Product Details - The Xiaomi YU7 is a pure electric SUV with a length close to 5 meters, featuring a dual-motor design for acceleration from 0 to 100 km/h in approximately 3 seconds, equipped with lidar for advanced driver assistance, and powered by a battery from CATL with over 100 kWh capacity [1][2]. - Price predictions for the YU7 range from 250,000 to 320,000 yuan, with expected sales of 85,000 units in 2025 and 260,000 units in 2026 [2]. Group 2: Market Positioning - The YU7 is positioned as a high-end product, competing directly with models like Tesla Model Y, NIO EC6, and XPeng G7, with Xiaomi emphasizing that the YU7's standard version will have higher specifications than the SU7 Pro [2]. - Analysts believe that the YU7's success will depend on its configuration options and overall value proposition, suggesting it may exceed market expectations in sales [2][3]. Group 3: Strategic Vision - Xiaomi aims to create an integrated ecosystem connecting people, vehicles, and homes, leveraging its technology across various product categories to establish a competitive edge in the smart living space [3]. - The company's strategy is shifting from being a disruptor to fostering collaboration within the automotive ecosystem, focusing on expanding its automotive business and enhancing technological capabilities [3][4].

Core Viewpoint - The article discusses the evolution and acceptance of Huawei's HarmonyOS (Hongmeng), highlighting its unique features and the growing ecosystem that supports it, emphasizing the importance of user experience and developer engagement in driving its success [5][8][29]. Group 1: HarmonyOS Development and User Experience - HarmonyOS 6.0 has officially launched its developer beta version, indicating rapid progress [2]. - The user experience of HarmonyOS has improved significantly over time, reflecting a "smile curve" where initial skepticism has turned into satisfaction as the ecosystem matures [5][8]. - The system is designed to operate across various devices, enhancing user convenience and creating a seamless experience [18][22]. Group 2: Ecosystem Growth and Developer Engagement - HarmonyOS has over 800 million developers and more than 300,000 applications, with daily updates and downloads indicating a thriving ecosystem [35]. - Huawei invests significantly in developer support, with annual investments of 6 billion yuan to foster innovation and growth within the HarmonyOS ecosystem [56][60]. - The introduction of the Harmony Star Plan aims to support campus developers with 100 million yuan in cash and resources, further expanding the developer base [59]. Group 3: Challenges and Strategic Decisions - The article highlights the challenges of creating a new operating system in a market dominated by Android and iOS, emphasizing the need for substantial investment and commitment from both Huawei and developers [48][50]. - The success of HarmonyOS hinges on overcoming the "chicken and egg" problem, where user adoption drives developer interest, and vice versa [43][72]. - Huawei's long-term commitment to R&D, with over 100 billion yuan invested annually, is crucial for sustaining the ecosystem's growth [51][52]. Group 4: Future Prospects and AI Integration - The future of HarmonyOS looks promising, especially with the integration of AI capabilities that enhance user experience and developer efficiency [110][116]. - The article posits that HarmonyOS is not just a Huawei product but a collective effort involving users, developers, and the broader ecosystem, emphasizing the need for collaboration to achieve true interoperability [155][161]. - The ongoing development of HarmonyOS is expected to drive innovation in the software industry and create new opportunities for talent and technology [140][148].

Core Viewpoint - Midea Group has been expanding its B2B business, which now accounts for 25.67% of total revenue in 2024, up from 18.5% in 2020, indicating significant growth in this segment [1][3]. Group 1: B2B Business Expansion - Midea's B2B business includes areas such as new energy and industrial technology, robotics and automation, and smart building technology, with respective revenue contributions of 8.26%, 7.05%, 6.99%, and 3.37% as of 2024 [3]. - The company employs a strategy of "point-to-surface" to create a closed-loop system, enhancing customer loyalty by cross-selling products within building scenarios [3][9]. - Midea has made strategic acquisitions, such as HeKang New Energy and Kelu Electronics, to complete its full industry chain in solar energy, storage, and smart grids, with the new energy business currently contributing about 10% to overall revenue [9][10]. Group 2: Competitive Landscape and Strategy - The energy sector is dominated by state-owned enterprises, making it challenging for most companies to reach the end-user; however, Midea's focus on solar and storage allows direct access to both B2B and B2C markets [4][6]. - Midea's dual-brand strategy, utilizing both Midea and Kelu, aims to enhance competitiveness in the large storage market, focusing on historical bidding volume, warranty, after-sales capabilities, and safety management [13][14]. - The company is adapting to changes in the commercial storage market, where clients are increasingly interested in the actual benefits of storage solutions rather than just hardware specifications [16][17]. Group 3: Technological Integration and Future Outlook - Midea plans to integrate heat pump technology into its storage systems, leveraging its position as one of the largest heat pump manufacturers globally, which could disrupt the current dominance of electrochemical storage solutions [19]. - The company is also exploring AI-driven operational technologies for virtual power plants and electricity trading, which are becoming key selling points in the commercial storage sector [17][18].

为什么要写这些？我一篇散文的题目可作注解——《爱是眷恋，如从头顶飞过永不再见的小鸟》。我眷 恋万物，为每一次相逢与别离倍感珍惜。霜降之日，我看到青草结上白霜，它们就要离开这个世界了， 心里为此难过。想跟它们一一告别，尽管这不可能。夏季的草原，野花开得那么骄傲美丽，我想到了秋 天，野花就会枯萎，这有多么可惜。在树林里，我喜欢把脸贴在树上，跟树拥抱。我愿意倾听藏在草丛 里的泉水细碎的流淌声。潜意识里，我巴不得听到所有动植物的心声，包括无生命的岩石苔藓的话语， 无形象的风的话语。我想它们比人类更爱大自然，更看重相互依存，更懂得珍惜生命。 蒙古栎树给勒勒车辙写信："草原脆弱，用铁锹挖一个坑，流沙会冒出来。汽车在草原上开两个来回， 被轧的青草将会死去，不再复生。"骆驼给小叶椴树回信："人们说这里荒凉，我没这种印象。没有房 子，没有高大的乔木，没有河流就荒凉吗？大自然的每一处景观都独一无二，况且戈壁滩有我最爱吃的 骆驼刺。"所有的故事都暴露在大家眼前：动物那么腼腆，昆虫甚至羞涩，树木也会发怒，云彩很笨， 野兔比人更重视友情，绿头鸭时刻惦念着岸上的白桦树。 我不满足于写一个故事，我想把故事的背景写出来——写一棵白桦树，要写 ...

Investment Rating - The report maintains a "Recommended" investment rating for the industry [7] Core Insights - Huawei officially launched the HarmonyOS computers, marking a significant step for domestic operating systems in the PC sector [2][13] - The launch of HUAWEI MateBook Pro and HUAWEI MateBook Fold Nonpareil Master enhances Huawei's "AI + All-Scenario" strategic barrier, with performance optimization and intelligent interaction [5][29] - The HarmonyOS ecosystem is rapidly evolving, with over 150 dedicated applications adapted to the system and more than 1,100 external devices supported [52][59] Summary by Sections 1. HarmonyOS Computers Officially Launched, Broad Domestic Market Space - Huawei introduced HUAWEI MateBook Pro and HUAWEI MateBook Fold Nonpareil Master on May 19, 2025, showcasing innovative form factors and capabilities [13][18] - The domestic PC market is projected to have a total shipment of approximately 39.7 million units in 2024, with Huawei's market share increasing to 11% [21][26] 2. Hardware Innovations Leading the Market, Nonpareil Master Reshaping Experience - HUAWEI MateBook Pro is the first laptop to support Star Flash technology, enhancing device location capabilities [15][29] - HUAWEI MateBook Fold features an 18-inch dual-layer OLED flexible folding screen, redefining user experience and multitasking capabilities [45][48] 3. Software Ecosystem Becoming More Complete, Innovative Interaction Experience - HarmonyOS 5, fully integrated into the new computers, replaces the previous Linux kernel, enhancing security and efficiency [57][59] - The introduction of AI capabilities and smart interaction features significantly improves user productivity [54][56] 4. Listed Companies Actively Participating, Opening New Growth Space - Companies like Zhongruan International and Softcom Power are contributing to the HarmonyOS ecosystem, enhancing compatibility and expanding application availability [4][63] - Zhongruan International's Harmony Cloud Virtual Machine allows seamless compatibility with Windows applications, addressing initial ecosystem challenges [66][70]

李健表示，苹果跟华为之间的互联比较难，这个问题实际上被荣耀解决了。"荣耀是唯一与华为、苹果设备都能互联互通的品牌。荣耀谁都能连，传啥都 快。" 李健强调，为加速AI落地，实现需求闭环，倡议基于GSMA平台，共建开放的AI终端生态联盟，共同攻克AI落地难题。 此外，李健还官宣将于7月2日发布最新一代AI折叠旗舰荣耀Magic V5，全栈式个人知识库、多智能体协同带来的PC级生产力、全品牌互联互通等都将会落 地到这款手机中。 关于"AGI到底何时到来？如何到来？"这一问题，他认同Sam Altman对AI五个阶段的划分：L1聊天者 → L2推理者 → L3行动者 → L4创新者 → L5组织者， 全球AI行业已达成共识，当前处于从L2到L3发展的过渡阶段，AI正在完成从"思考"到"行动"的关键跨越。 荣耀CEO李健强调，AGI一定是一个长期演进的过程，当务之急是要"让AI能解决问题"，只有让AI落地生根，让用户日常使用起来，才能真正释放AI的潜 力。 当前，AI落地尚存在场景、性能等挑战，比如端侧的算力不足和内存偏低，导致难以支撑7B以上的模型和复杂的推理需求，并存在幻觉、隐私和伦理等问 题，用户数据权限、数据加 ...

为推动这一战略落地，李健强调了打破品牌边界的重要性，并透露荣耀将致力于实现"全栈个人知识 库、全域智能体协同、全品牌终端互联"。他指出，荣耀终端将具备与华为、苹果等不同品牌设备实现 互联互通的能力，旨在为用户提供真正意义上的"万物互联"体验。为了从根本上解决行业协作问题，李 健代表荣耀正式倡议，依托GSMA平台，共建一个开放的AI终端生态联盟，联合AI模型企业、运营商、 终端厂商及互联网公司四方力量，通过技术与商业的深度协同创新，共同应对AI普惠道路上的挑战。 作为该战略的最新实践成果，李健在现场宣布，荣耀新一代AI折叠旗舰荣耀Magic V5将于7月2日正式 发布。据介绍，这款新品将率先落地全栈式个人知识库、由多智能体协同带来的PC级生产力，以及跨 品牌互联等核心AI能力。延续荣耀在折叠屏领域的轻薄优势，荣耀Magic V5的目标是成为全球最轻薄 的折叠屏手机 凤凰网科技讯（作者/于雷）6月19日，荣耀终端有限公司CEO李健今日就加速AI技术落地分享了全新的 战略思考与行业共识。他提出，打通用户体验中的关键闭环是AI真正走进日常生活的核心，并详细介 绍了荣耀的"三叶草"战略。 李健阐述道，荣耀的AI战略旨在 ...