Core Insights - The HarmonyOS developers are becoming highly sought after by local governments as they expand the ecosystem [1][3] - The number of HarmonyOS developers has surpassed 8 million, with over 30,000 applications and services currently in development [1][3] - Local governments are establishing significant funds and policies to attract high-tech enterprises and talent to their regions, viewing the HarmonyOS ecosystem as a strategic entry point for digital economic growth [3][5] Government Initiatives - Dongguan has set up a 30 billion AI special fund and a 300 billion semiconductor industry support policy to attract high-tech companies [3] - Shanghai has signed a memorandum with Huawei to become the first government agency to adapt its applications to HarmonyOS, with around 500 local applications expected to be adapted by May 2025 [4][5] - Nanjing is actively supporting the HarmonyOS ecosystem with a dedicated fund and initiatives to adapt over 400 applications in various sectors [5][6] Ecosystem Development - Shenzhen is focusing on the implementation of HarmonyOS in vertical scenarios like smart cities and transportation, with the establishment of the Guangdong Open Source HarmonyOS Innovation Center [6] - The HarmonyOS ecosystem is projected to attract thousands of developers and hundreds of innovative companies across key sectors such as healthcare, transportation, finance, and manufacturing [6][7] - The active participation of developers is increasing, with more resources and training materials becoming available, enhancing the overall ecosystem [7]

Summary of Huawei HDC 2025 Conference Highlights Industry and Company Overview - The conference focused on Huawei's advancements in the ICT sector, particularly in AI, HarmonyOS, and cloud computing solutions [2][14]. Key Points and Arguments 1. **HarmonyOS 6 Launch**: HarmonyOS 6 has been integrated into over 40 Huawei devices, featuring approximately 9,000 applications and over 70 system-level innovations, achieving millisecond-level low latency for data transmission [1][3]. 2. **AI Enhancements**: The new operating system significantly improves AI capabilities, including AI-assisted composition and style painting, with the Xiao Yi AI assistant enhancing autonomous decision-making and collaborative capabilities [1][3]. 3. **Pangu Model 5.5**: The latest version of the Pangu model has created a knowledge base of 2.1 billion tokens, providing AI-assisted programming tools that have generated 8.13 million lines of code, with 2.8 million lines adopted [1][5][6]. 4. **Developer Ecosystem Growth**: The Harmony ecosystem has surpassed 8 million registered developers, with over 1.1 million tool downloads and 170 million monthly ADT service calls, indicating significant growth in developer engagement [1][6][7]. 5. **Cloud Matrix AI Solution**: Huawei introduced the Cloud Matrix AI computing training solution, integrating 384 deep computing units into the MPU to enhance overall computing power, addressing current chip manufacturing limitations [2][11]. 6. **AI Server Performance**: The newly launched AI server achieves a single-card inference throughput of 2,300 tokens per second, a fourfold increase compared to basic computing nodes, supporting large-scale AI model deployments [12][13]. 7. **Robotics Strategy**: Huawei's strategy in robotics focuses on cloud-based computing and intelligence, with the launch of the CodeRun intelligent platform, achieving over 90% precision in industrial assembly tasks [10]. 8. **Investment Opportunities**: The conference showcased technologies that exceeded market expectations, reinforcing Huawei's leading position in the ICT sector, and indicating potential investment opportunities for related companies in the industry [2][14][15]. Other Important Insights - **Addressing AI Hallucination**: Huawei has proposed innovative solutions to enhance the accuracy and reliability of the Pangu model, focusing on knowledge boundary determination and structured thinking verification [9]. - **Future Outlook for Industry Chain Companies**: Despite low current attention, Huawei's industry chain companies are expected to drive technological innovations, potentially leading to new investment opportunities in the coming months [15].

Core Viewpoint - Huawei's commercial brand, Huawei Qingyun, is leveraging the power of HarmonyOS to reshape the commercial terminal market, particularly in high-sensitivity industries like finance, where data security and privacy are paramount [1][4]. Group 1: Product Launch and Features - Huawei Qingyun has introduced its first HarmonyOS commercial laptop, the Huawei Qingyun HM940, along with the Harmony Office Commercial Solutions, addressing the increasing demand for secure and stable commercial terminal devices [1][6]. - The Huawei Qingyun HM940 is powered by HarmonyOS 5 and features a new security architecture, Star Shield, which enhances system-level security and stability [4][6]. - The data security triple protection system in HarmonyOS 5 ensures comprehensive data safety throughout the lifecycle of the device, preventing data leaks and giving users control over their data security [6]. Group 2: Market Strategy and Ecosystem Development - Huawei Qingyun is building a more secure and efficient Harmony ecosystem in the commercial sector, particularly for the financial industry, while accelerating the adoption of HarmonyOS across various industries [3][12]. - The launch of the Qingyun Galaxy Plan aims to create a prosperous ecosystem by providing various rights and benefits to pioneer customers, thereby reducing barriers to entry for government and enterprise clients [11][12]. - The collaboration with leading industry partners, such as Qi Anxin and Lianruan, is focused on developing enterprise-level security solutions that address privacy and data security challenges for a diverse range of enterprise users [7][12]. Group 3: Future Vision and Goals - Huawei aims to expand the Harmony computer ecosystem over the next 3-5 years, focusing on full-stack autonomy and cross-end integration as key differentiators [12]. - The company plans to continue collaborating with partners to develop more efficient and secure Harmony Office Commercial Solutions, catering to the IT management and operational needs of various industries [12][13]. - The dynamic cycle of innovation within the Harmony ecosystem is expected to reshape industry standards and drive digital transformation across sectors [12].

丨证券研究报告丨 行业研究丨点评报告丨软件与服务 [Table_Title] 华为开发者大会召开，鸿蒙生态持续演进 报告要点 [Table_Summary] 6 月 20 日至 22 日，华为开发者大会（HDC 2025）在广东省东莞市举行。华为常务董事、终 端 BG 董事长余承东在会上发表主题演讲时正式发布鸿蒙 6.0 开发者 Beta 版本（以下简称"鸿 蒙 6"）。随着鸿蒙 6 操作系统的发布，鸿蒙操作系统持续演进，并带动其原生应用生态加速建 设。有望吸引更多开发者及厂商加入鸿蒙生态，形成正向循环，促进鸿蒙生态加速发展。建议 重点关注鸿蒙产业链中商业发行版和基于鸿蒙系统发展自主品牌等厂商，其凭借鸿蒙系统的流 畅性、通用性、互联优势、安全性等有望提升份额，重构产业格局。 分析师及联系人 [Table_Author] 宗建树 SAC：S0490520030004 SFC：BUX668 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 软件与服务 cjzqdt11111 [Table_Title2] 华为开发者大会召开，鸿蒙生态持续演进 [Table_Summar ...

Group 1 - India's Home Minister Amit Shah stated that India will not resume the Indus Water Treaty with Pakistan, redirecting water to domestic use instead [1] - The unilateral abrogation of the treaty by India is expected to escalate tensions and weaponize water resources, threatening regional stability [2] Group 2 - The Greater Bay Area Comprehensive National Science Center's initial scientific alliance was established to enhance innovation through cross-regional collaboration among universities, research institutions, and high-tech enterprises [3] Group 3 - In 2024, 14 counties in China reported urban residents' per capita disposable income exceeding 80,000 yuan, with Yiwu leading at 97,170 yuan, surpassing major first-tier cities [4] - Yiwu's economic vitality is highlighted as it continues to lead county-level economies [5] Group 4 - The 2025 World Humanoid Robot Games will take place in Beijing, featuring 22 main competition items and 5 peripheral events, focusing on performance and audience interaction [5] Group 5 - Apple faces a collective lawsuit from shareholders alleging securities fraud due to underestimating the integration timeline of advanced generative AI into Siri, impacting iPhone sales and stock prices [6] Group 6 - Huawei signed agreements with its first batch of HarmonyOS commercial partners, aiming to develop commercial solutions based on HarmonyOS 5 [7] - The Harmony ecosystem is entering a new commercial era, enabling various industries [8] Group 7 - JD.com announced a strategic partnership with the Suqian team of the Jiangsu Province City Football League, marking a significant investment in the region [12] Group 8 - Pinduoduo is reportedly testing self-built warehouses for instant delivery services in major cities, although the official response remains unconfirmed [13] Group 9 - Tesla plans to invest approximately $8 billion in the current fiscal year, following a capital expenditure of $44 billion to date [14] Group 10 - Multiple brands of power banks and battery cells have had their 3C certification suspended due to safety concerns, affecting brands like Romoss and Anker [10] - The suspension of certifications indicates potential supply chain risks [11]

Core Viewpoint - The article emphasizes the potential of the HarmonyOS ecosystem as a fertile ground for developers, encouraging innovation and addressing diverse user needs through various applications [2][3]. Group 1: Developer Experiences - Developers enter the HarmonyOS ecosystem with specific problems to solve, often inspired by personal experiences or societal needs [5][12]. - Individual developers like Wang Weijie and Zhong Xianshen create applications that address everyday challenges, utilizing the unique features of HarmonyOS [10][29]. - Government developers, such as Tong Wei and Liu Fei, focus on enhancing public services and efficiency through the capabilities of HarmonyOS [12][32]. Group 2: Application Features - Wang Weijie's application, "Shilu," leverages HarmonyOS's distributed capabilities to create a flexible travel planning tool that allows users to visualize routes on a map [8][26]. - Zhong Xianshen's "Kuaishou Bi" utilizes HarmonyOS's distributed features for real-time data synchronization while ensuring user privacy through local data storage [10][31]. - Government applications like "Yukuaiban" and "Jinggangshan Yuan Service" enhance user experience by providing timely information and improving service efficiency through HarmonyOS's advanced features [32][33]. Group 3: Community and Support - Developers benefit from a supportive community and resources provided by HarmonyOS, which help them overcome challenges during the development process [15][22]. - The collaborative environment fosters knowledge sharing, with developers like Zhong Xianshen contributing back to the community by open-sourcing components of their applications [19][40]. - User feedback plays a crucial role in refining applications, creating a positive cycle of improvement and satisfaction [36][42]. Group 4: Future Prospects - The HarmonyOS ecosystem is positioned as a forward-looking platform that connects developers' creativity with user needs, promising ongoing innovation and growth [35][43]. - Initiatives like the Harmony Star Program aim to encourage more developers to explore and innovate within the ecosystem, highlighting its commitment to fostering a diverse and inclusive environment [44][45].

Core Viewpoint - The article discusses the emergence of the "superlink era" driven by the integration of various digital devices and the development of the HarmonyOS ecosystem, emphasizing the need for businesses to adapt to this new paradigm for growth and user engagement [3][40]. Group 1: HarmonyOS Ecosystem Development - The HarmonyOS ecosystem has rapidly evolved since its inception in 2019, with over 1 billion devices connected and more than 8 million registered developers, covering the top 5000 applications and meeting 99.9% of user usage time [6]. - Huawei's "1+8+N" strategy aims to create a seamless smart experience across multiple devices, integrating smartphones, large screens, tablets, PCs, and other smart devices [5]. Group 2: Business Transformation in the Superlink Era - The shift to the superlink era will transform business models, requiring companies to utilize a unified platform for advertising and service distribution, enhancing collaboration and efficiency [7]. - The "Whale Hong Dynamics" initiative integrates advertising within the ecosystem rather than reinventing it, allowing for a more comprehensive user experience across various applications and devices [12][11]. Group 3: Advantages of Whale Hong Dynamics - Whale Hong Dynamics offers a more holistic user experience by enabling cross-device interactions, allowing brands to connect with users in diverse contexts [13]. - It provides complete value insights by linking a single account to all-scene data, enabling brands to track user behavior across multiple applications and devices [15][16]. - The initiative introduces innovative growth services, where interactive terminals can suggest relevant advertisements based on user behavior, enhancing user engagement [18][20]. Group 4: Developer Challenges and Solutions - Developers face challenges such as scarce traffic entry points and a lack of diversified monetization models, with only 28.7 apps opened monthly by average internet users [31]. - Whale Hong Dynamics addresses these issues by providing a unified advertising and monetization platform, optimizing algorithms to ensure stable and effective ad displays [35][44]. Group 5: Case Study - Tongcheng Travel - Tongcheng Travel collaborates with the HarmonyOS ecosystem to enhance user engagement through pre-installed applications and intelligent push notifications, resulting in a 30% increase in new customer conversion rates [28]. - The integration of AI capabilities allows for personalized user experiences, significantly improving conversion paths and overall user satisfaction [27][21].

Core Insights - Huawei Developer Conference (HDC 2025) has commenced, focusing on "Harmony Ecosystem and AI Technology," marking a new phase of large-scale development for the Harmony ecosystem [1] Group 1: Harmony Ecosystem Growth - The Harmony ecosystem has achieved "exponential growth," with over 40 Huawei terminal products running HarmonyOS 5 and more than 30,000 Harmony applications and services in active development [5] - Over 9,000 applications are involved in more than 70 system-level innovation experiences, and over 100 general office platforms have been adapted for Harmony, covering more than 38 million enterprises [5] - The developer community has expanded to 8 million developers, with 6.14 million learning sessions in the ecosystem academy and over 1 million tool downloads [5] Group 2: Multi-Device Connectivity and AI Innovations - The multi-device connectivity capabilities include a "tap to share" feature supporting over 50 applications and a new "one send, multiple receive" function for high-definition file transfers [7] - Over 100 apps support seamless content switching across devices, enhancing user experience [7] - Huawei introduced the Harmony Intelligent Agent Framework (HMAF) to facilitate efficient development of Harmony intelligent agents, with over 50 pioneering agents in development by companies like Shenzhen Airlines and Weibo [9] Group 3: Privacy, Security, and Performance Enhancements - The Harmony system's innovative security access mechanism has intercepted unreasonable permission requests 8.6 billion times, and the message privacy protection feature automatically hides sensitive content [11] - Performance improvements include a 126-minute increase in video playback duration and a 500-minute increase in audio playback endurance due to the integration of the Ark Engine [11] - Collaborative innovations with over 30 partners have led to the development of more than 50 projects, enhancing performance and reducing memory usage significantly [11] Group 4: Future Directions - Huawei aims to continue collaborating with developers and partners to promote the prosperity of the Harmony ecosystem, providing users with a more intelligent and convenient all-scenario experience [13]

作 者丨倪雨晴 编 辑丨包芳鸣 在华为开发者大会2025的舞台上，鸿蒙无疑是聚光灯下的主角。 "到今天，已经有40多款华为终端产品搭载鸿蒙5，有3万多鸿蒙应用和元服务在全速开发、积极更新。" 6月20日，华 为常务董事兼终端BG董事长余承东在会上披露了鸿蒙进展。 短短一年多时间，鸿蒙滚滚向前，生态扩展显著。更受关注的是，鸿蒙6在本次大会上揭开面纱。余承东表示， HarmonyOS 6 Developer Beta版本于当日面向开发者启动报名。 回顾过往，去年，鸿蒙5正式发布，实现了操作系统的完全自主可控。今年，鸿蒙6的面世，意味着华为在操作系统上 更进一步，鸿蒙从"可用"走向"好用"。 如果说鸿蒙5是鸿蒙操作系统的"成人礼"，那么鸿蒙6则象征着系统"成熟期"到来。鸿蒙就像生命体一般，不断进化、 迭代。 余承东表示："目前适配鸿蒙的通用办公平台已超过100个，工作台支持快应用已超50000个，覆盖企业超过3800万 家；我们呼吁更多政企内部办公应用搭上鸿蒙快车，和我们一起加速鸿蒙化的进展。" 随着HarmonyOS迈入6.0时代，鸿蒙正在进行新的跨越。华为终端BG CEO何刚表示："过去一年，鸿蒙全场景拼图不 ...

Core Insights - Huawei officially launched HarmonyOS 6 on June 20, marking the second major version iteration of the native HarmonyOS [1] - The new version emphasizes AI integration, transitioning applications from a "user command-centered" approach to a "user intent-centered" model [1][3] - The HarmonyOS ecosystem is accelerating, with over 30,000 applications and services in development, and a registered developer count exceeding 8 million [1][12] AI Intelligent Framework Upgrade - The core highlight of HarmonyOS 6 is the introduction of the Harmony Intelligent Agent Framework (HMAF), which shifts applications from "passive response" to "active service" [3] - The framework is based on Huawei's large models, with a training data volume of 20 trillion tokens [3] AI Assistant Features - The AI assistant, Xiaoyi, now includes a "Xiaoyi Sees the World" feature, enabling real-time environmental observation and interaction with users [5] - The system's AI capabilities have been significantly enhanced, including AI style effects and AI-assisted composition based on over 500,000 images [6] Full-Scene Interconnectivity Upgrade - HarmonyOS 6 introduces a new interconnectivity architecture, supporting over 660 applications [7][9] - The "Tap to Share" feature has expanded to support over 50 applications, enhancing cross-device collaboration in gaming and meetings [7] Developer Ecosystem Acceleration - The Harmony ecosystem has entered a phase of "exponential expansion," with over 1.3 billion lines of open-source code and 1,200 hardware and software products [10][12] - Huawei commits to investing over 6 billion yuan annually to support and incentivize Harmony developers [12]