Summary of the Conference Call on HarmonyOS PC Industry and Company Overview - The conference call discusses the current status and future plans of Huawei's HarmonyOS, particularly focusing on the newly launched HarmonyOS PC, which aims to reshape the 1+8+n ecosystem and address previous gaps caused by chip and licensing issues [1][2]. Key Points and Arguments - **Ecosystem Integration**: HarmonyOS PC is designed to complete the ecosystem by integrating various devices, including smartphones, tablets, wearables, and now PCs, creating a closed-loop system [2]. - **Software Compatibility**: The initial focus is on compatibility with Windows design software like PS and CAD, with a long-term goal of establishing a fully closed and pure ecosystem [1][4]. - **Software Adaptation Speed**: The speed of software adaptation is influenced by planning, software complexity, and collaboration with manufacturers. Basic applications adapt quickly, while games and design applications take longer [5]. - **Developer Incentives**: By the end of 2025, Huawei plans to restart developer incentive policies to boost software adaptation and enhance market competitiveness [1][6]. - **Current Software Adaptation**: As of now, approximately 35 software applications have been adapted for HarmonyOS PC, primarily focusing on light office and social applications [7]. - **Future Goals**: The goal is to increase the number of adapted applications to around 200 by the end of 2025 and achieve compatibility with software used by over a million users by the second quarter of 2026 [8][9]. Additional Important Content - **Market Focus**: HarmonyOS PC primarily targets the ToB (business) and ToG (government) markets, with a sales target of 300,000 units for 2025, despite high initial pricing [3][10]. - **Production Challenges**: Current challenges include hardware firmware updates, BOM configuration integration, and production capacity, necessitating partnerships with external manufacturers [11][12]. - **Profit Margins**: The expected profit margin for PC manufacturing is slightly higher than that of GPU servers, with margins around 10% for PCs [13]. - **Open Source Strategy**: The open-source version of HarmonyOS is aimed at becoming a universal operating system, while the proprietary version is led by Huawei for various devices [14]. - **Competitive Landscape**: The market share forecast indicates HarmonyOS could reach 30% within three years, with a goal to surpass iOS but still needing support to compete with Android [16]. - **Technical Advantages**: HarmonyOS offers several technical advantages over Android, including better performance on less powerful hardware and a developer-friendly ecosystem [17]. - **Consumer Market Readiness**: The consumer market for HarmonyOS PC is expected to mature by the end of 2026, with significant recognition anticipated if progress is steady [25]. This summary encapsulates the essential insights from the conference call regarding Huawei's HarmonyOS PC, its ecosystem integration, software adaptation strategies, market focus, and competitive positioning.

投资者关系活动记录表 证券代码：300925 证券简称：法本信息 深圳市法本信息技术股份有限公司 投资者关系活动记录表 投资者关系活动记录表 编号：2025-001 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称 | 线上参与公司 年度暨 年第一季度业绩说明会的全体投资者 2024 2025 | | 及人员姓名 | | | 时间 | 2025 年 5 月 7 日 15:00-16:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | 董事长兼总经理 严华先生 董事、董事会秘书兼副总经理 吴超先生 | | 上市公司接待 | | | | 财务总监 刘芳女士 | | 人员姓名 | 独立董事 胡振超先生 | | | 保荐代表人 彭西方先生 | | | 1、请问：公司 2024 年鸿蒙生态布局进展如何？ | | | 答:尊敬的投资者，您好！2024 年，法本信息 ...

【导读】鸿蒙电脑技术与生态沟通会举办，首款鸿蒙电脑亮相，产品发布会定档5月19日 中国基金报记者 张燕北 鸿蒙生态迎来新的里程碑。作为原生鸿蒙生态系统最后一块拼图，鸿蒙电脑正式亮相！ 同时，应用开发还在持续加速，Top150+专属生态应用已全部启动开发，融合生态应用已完成适配 300+，同时已支持超过1000款外设，包括800+标准外设等。 5月8日上午， 鸿蒙电脑技术与生态沟通会在深圳举行，华为首款鸿蒙电脑多项核心技术与创新功能正 式公开。 据透露， 鸿蒙电脑产品发布会将于5月19日召开，届时鸿蒙电脑将正式发布，标志着华为"1+8+N"全场 景生态的进一步完善，华为终端全面进入鸿蒙时代。 重构操作系统 鸿蒙电脑五年布局积累超2700项专利 华为鸿蒙OS终于来到电脑端。 华为终端平板与PC线总裁朱懂东介绍，鸿蒙电脑历经五年布局，集结10000多名顶尖工程师，联合20多 家研究所，积累超2700项核心专利。 据介绍，鸿蒙电脑从内核开始重构操作系统，搭载了HarmonyOS 5，带来精致、智能、安全、流畅、互 联的体验。 目前，鸿蒙电脑应用已覆盖多个垂域，满足基本办公及核心场景使用需求。 依托分布式软总线技术 支 ...

Group 1 - The Hang Seng Index rose by 1.10%, gaining 250 points to reach 22,941 points, while the Hang Seng Tech Index increased by 1.56% [1] - The stock of Hu Shang A Yi (02589) surged over 52% on its first trading day, with a transaction volume of HKD 493 million [1] - Domestic insurance stocks saw broad gains, with China Pacific Insurance (02601) up 3.69%, China Life (02628) up 2.70%, New China Life (01336) up 3%, China Property & Casualty Insurance (02328) up 1.95%, and Ping An Insurance (02318) up 1.39% [1] Group 2 - Goodbaby International (01086) rose over 15% as reports indicated the U.S. is considering tariff exemptions for imports of Chinese baby strollers [1] - Yunfeng Financial (00376) increased over 14%, with a cumulative rise of 150% over the past week, as Ant Group is expected to achieve business synergies internally [1] - Changfei Optical Fiber (06869) rose over 8% as its subsidiary Bochuang Technology plans to invest in the third phase expansion project of Changxin Sheng in Indonesia [1] Group 3 - Meituan-W (03690) increased by 3% due to a surge in tourism activity, reaching a three-year high, which boosted OTA platforms [2] - Trip.com Group-S (09961) rose by 2% after signing a memorandum of understanding with Visit Oman, indicating strong overseas market development prospects [2] - China Software International (00354) increased by 2.6% as Huawei's first HarmonyOS computer was officially launched, benefiting the core of the Harmony ecosystem [2] Group 4 - Guoquan (02517) surged over 17% as shareholders committed to a six-month lock-up period after converting to H-shares, with expectations for improved store efficiency and opening speed this year [3] Group 5 - Tehai International (09658) rose by 7% due to strong overseas market demand, with institutions optimistic about the company's stable operations [4] - SMIC (00981) fell over 2% ahead of its quarterly report, amid reports that Trump plans to lift AI chip restrictions [5]

Group 1 - Postal Savings Bank of China (PSBC) Beijing Branch showcased its "Future Bank" concept at the Science and Technology Innovation Expo, featuring advanced technologies like AI, MR, and digital human financial advisors [1][6] - The exhibition highlighted PSBC's commitment to financial technology innovation, with a focus on the "Harmony Ecosystem" and seamless cross-device collaboration [2][6] - PSBC introduced various innovative financial products tailored for small and medium enterprises, such as "Easy Enterprise" for comprehensive management solutions [3][4] Group 2 - The Uyi Chuang, Sci-Tech Loan, and Small Micro Easy Loan products cater to different financial needs, providing diverse financing options for technology-driven enterprises and small businesses [4][5] - PSBC's green finance initiatives have resulted in a green loan balance of 76.091 billion yuan, reflecting a 17.48% increase from the beginning of the year [7] - The bank's digital financial services, including cloud cabinet models, have facilitated over 170,000 transactions in 2024, enhancing customer service efficiency [6][7]

Summary of Key Points from the Conference Call Industry and Company Involved - The conference call focuses on **Huawei's HarmonyOS** and its new **Harmony PC** product line, which is part of the broader **computer technology and ecosystem** sector [1][2]. Core Insights and Arguments - **Harmony PC Launch**: Huawei will officially unveil the Harmony PC on May 8, with a full product release expected on May 22. The devices will run on **HarmonyOS 5.0**, representing a significant step into the Harmony ecosystem for Huawei's terminal products [1][2]. - **Product Design**: The Harmony PC is described as a combination of a tablet and a keyboard, indicating a versatile design aimed at enhancing user experience [1][2]. - **Future Products**: There are plans for additional products featuring **OpenHarmony**, targeting the **Xinchuang market** with a dedicated distribution version [2]. - **Ecosystem Growth**: The HarmonyOS ecosystem is rapidly expanding, with over **20,000 native Harmony applications** and services already available. Huawei aims to reach **100,000 applications** by 2025, highlighting ambitious growth targets [2]. - **User Experience Enhancement**: The Harmony PC is expected to support Windows software through a virtual machine installation, which aims to improve user experience by bridging compatibility gaps [2]. - **Long-term Opportunities**: The significant iteration of the Harmony PC and the expansion of OpenHarmony into various industries are seen as long-term ecological opportunities for Huawei [2]. Other Important but Potentially Overlooked Content - **Investment Recommendations**: Analysts suggest monitoring companies such as **Zhiwei Intelligent, Softcom Power, China Software International, Runhe Software, Yaxin Security, Fabon Information, Changshan Beiming, Tuo Wei Information, and Chengmai Technology** as potential beneficiaries of the Harmony ecosystem's growth [2].

Core Insights - The company reported a revenue of 372 million yuan for 2024, failing to achieve profitability due to revenue decline and asset impairment provisions [1] - External factors such as macroeconomic conditions, cyclical adjustments in the environmental protection industry, and reduced investment demand have impacted performance [1] - The company is focusing on three core development strategies: technology-driven, balance of light and heavy, and leveraging partnerships to enhance innovation and operational capabilities [1] Digital Transformation and Innovation - The company is accelerating its digital transformation in the ecological environment governance and smart water management sectors, viewing this as a key path to overcome development bottlenecks [2] - The introduction of the Kaihong operating system into the water management system aims to address connectivity issues in traditional environmental protection equipment [2] - The establishment of the Smart Environmental Energy Technology Innovation Research Center enhances the company's R&D foundation and strengthens its competitive advantage in the environmental sector [2] Future Development and Strategic Partnerships - The company plans to seize opportunities in the digital transformation of the water industry, aiming for a "cloud-edge-end" integrated digital ecosystem [3] - The partnership with the Maoming State-owned Assets Supervision and Administration Commission is expected to provide new momentum for the company's development, optimizing product structure and service models [4] - The collaboration will enable better participation in local environmental projects and enhance the company's ability to leverage government support and resources [4] Industry Trends and Strategic Positioning - The company's focus on technology-driven transformation reflects a broader industry shift from "heavy asset expansion" to "technology-driven" models [5] - The alignment with national digital economy development plans indicates a strategic fit with future market trends [5] - The company is exploring new paths for growth in marine intelligent aquaculture and related fields, aiming to create competitive business growth points [5][6]

Core Insights - In Q1 2023, China's foldable smartphone shipments reached 2.84 million units, marking a year-on-year growth of 53.1%, significantly outperforming the overall smartphone market growth of 3.3% [1][9] - Huawei captured 76.6% of the foldable smartphone market share, a remarkable increase of 32.5 percentage points year-on-year, indicating its dominant position in the foldable market [1][3] - The overall domestic market penetration rate for foldable phones was approximately 4%, up by 1.3 percentage points year-on-year, reflecting the increasing acceptance of foldable technology among consumers [1][4] Market Dynamics - Huawei's significant market share increase is attributed to its product release schedule and improved supply chain, with the launch of Mate X6 and Pura X contributing to its success [3][4] - Other Android manufacturers like Honor, OPPO, and Xiaomi have struggled to gain substantial market share, with none exceeding 30%, despite releasing competitive products [6][9] - The high-end foldable smartphone market is characterized by a niche consumer base that is less price-sensitive and more focused on brand strength and technological innovation [6][10] Competitive Landscape - The potential entry of Apple into the foldable smartphone market remains a critical variable, as it could intensify competition and impact Huawei's market position [1][9] - Apple's recent decline in shipments by 9% in China contrasts with the growth of competitors like Xiaomi (40%) and Huawei (10%), indicating increasing pressure on Apple in the high-end market [9][10] - The success of foldable smartphones hinges on the ability of manufacturers to innovate and enhance user experience, particularly in software optimization and ecosystem development [4][13] Future Outlook - Analysts suggest that if Apple does not enter the foldable market by 2026-2027, it may miss the opportunity to compete effectively [12][13] - The current trend indicates that while the growth rate of the foldable smartphone market may stabilize, there is still potential for slight growth driven by high-end market stability and product redefinition by brands like OPPO [13]

星标 ★ IPO日报 精彩文章第一时间推送 近期，广东九联科技股份有限公司（688609.SH，下称"九联科技"、"上市公司"）发布公告，拟收购成都能通科技股份有限公司（下称"能通科技"） 51%股份，并实现控股，本次交易预计构成重大资产重组。 九联科技此次收购既是业务多元化的关键一步，也是响应国家军民融合战略的积极尝试。 制图：佘诗婕 资金压力 就本次交易双方的业务来看，九联科技核心业务以智能终端（如机顶盒、家庭网关）、物联网通信模块及智慧城市解决方案为主。 能通科技则专注于军用监视雷达、通信导航与电子对抗领域的部件及整机系统研发、生产与销售，已取得《武器装备科研生产许可证》《武器装备承制单 位资格证书》等军品生产资质，其技术能力覆盖军工电子核心领域。 此次收购后，上市公司将直接切入军工电子领域，借助能通科技的技术积累和资质，快速布局雷达、通信导航等高壁垒市场，实现从民用向"军民融合"的 转型。 不过，就上市公司账面来看，公司的现金流不是很乐观。截至2024年年末，公司货币资金为2.71亿元， 而短期借款由2023年的7.18亿元上升至2024年的 9.09亿元，资产负债率由2022年的54.37%上升至2 ...

本报记者 秦枭 北京报道 鸿蒙系统，作为首个国内自研、自主可控的技术底座及开源生态，正在成为我国电子化信息产业和数字 经济时代增长的关键力量。与此同时，作为一个新兴的生命体，鸿蒙也在创新中不断演进，释放技术和 商业模式红利。 《中国经营报》记者注意到，近日，在国务院新闻办公室举办的经济数据例行新闻发布会上，工业和信 息化部信息通信发展司司长谢存明确表示，要推动更多APP上架鸿蒙应用商店，满足群众多样化需求， 不断提升用户体验。鼓励各方以更加开放的姿态拥抱开源、贡献开源、使用开源，加快打造互利互惠、 共建共享的软件生态。 多地政务及民生应用加速鸿蒙化 2024年2月起，上海市大数据中心与华为共同签署鸿蒙合作备忘录，正式启动"随申办"鸿蒙版应用开 发，成为全国首批推行政务民生鸿蒙应用的政府机构。紧随其后的浙江、广西等多省区市的政务民生、 新闻媒体应用等都宣布启动鸿蒙应用开发。今年，多地政务及民生应用也在对鸿蒙化应用开发极速冲 刺。近期，山东、江苏、内蒙古、北京等地举办了华为"HDD•春日鸿蒙生态伙伴论坛"，现场多家本地 鸿蒙应用亮相发布仪式。各地企业和鸿蒙应用开发者正全面加速鸿蒙应用开发及上架。 除各地政府出台扶 ...