2025.08. 26 本文字数：356，阅读时长大约1分钟 微信编辑 | 七三 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 据国是直通车，8月26日，全新一代中国操作系统——银河麒麟操作系统V11在2025中国操作系统产 业大会正式发布。这款系统使用了全新磐石架构，操作体验、安全性和生态丰富度大幅提升。 作为首个突破百万生态的国产操作系统，银河麒麟的生态成熟度国内领先，与国产主流CPU、GPU 及板卡实现全面兼容，构建起完整的国产化生态体系。已在嫦娥探月、天问探火等国家重大工程中发 挥支撑作用，在政务领域保持较高覆盖率，同时在金融、能源、教育、医疗等行业实现长期规模化应 用。目前，银河麒麟操作系统已部署超1600万套。 推荐阅读 多地遴选小学教师转岗初中 ...

Core Viewpoint - The A-share market shows mixed performance with the Shanghai Composite Index up by 0.11%, while various sectors such as gaming and Huawei's Euler platform are gaining strength [3][5]. Market Performance - As of the midday close, the Shanghai Composite Index increased by 0.11%, the Shenzhen Component Index rose by 0.74%, and the ChiNext Index was up by 0.21% [3]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.68 trillion yuan, a decrease of nearly 400 billion yuan compared to the previous trading day [4]. - Over 3,300 stocks in the market saw gains, with notable increases in sectors like gaming, Huawei's Euler, aquaculture, beauty care, and domestic operating systems [5]. Sector Highlights - The domestic operating system sector experienced a significant surge, with the release of the new generation Chinese operating system, Galaxy Kirin V11, leading to a nearly 20% increase in stocks like Kirin Xinan [7]. - The gaming sector also performed well, with stocks such as 37 Interactive Entertainment hitting the daily limit, and others like Ice Age Network and Giant Network seeing substantial gains [13]. Index Movements - The ChiNext Index initially dropped over 1.31% but later rebounded to positive territory [11]. - The Shenzhen Component Index also reversed its earlier losses, which had seen it down by over 0.64% [12]. Trading Activity - The trading volume has consistently exceeded 1.5 trillion yuan for 16 consecutive trading days, indicating robust market activity [6]. - The market opened with all three major indices in the red, but there was a recovery as the day progressed [20]. Currency and Monetary Policy - The People's Bank of China conducted a reverse repurchase operation of 405.8 billion yuan at a fixed rate of 1.40%, resulting in a net withdrawal of 174.5 billion yuan for the day [24]. - The Chinese yuan depreciated by 27 basis points against the US dollar, with the central parity rate reported at 7.1188 [25].

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇8月26日｜8月26日，全新一代中国操作系统——银河麒麟操作系统V11在2025中国操作系统产业 大会正式发布。这款系统使用了全新磐石架构，操作体验、安全性和生态丰富度大幅提升。作为首个突 破百万生态的国产操作系统，银河麒麟的生态成熟度国内领先，与国产主流CPU、GPU及板卡实现全面 兼容，构建起完整的国产化生态体系。已在嫦娥探月、天问探火等国家重大工程中发挥支撑作用，在政 务领域保持较高覆盖率，同时在金融、能源、教育、医疗等行业实现长期规模化应用。目前，银河麒麟 操作系统已部署超1600万套。 (责任编辑：宋政 HN002) ...

（本文来源： 国是直通车 ） 全新一代中国操作系统—— 银河麒麟操作系统V11在2025中国操作系统产业大会正式发布。 这款系统使用了全新磐石架构，操作体验、安全性和生态丰富度大幅提升。作为首个突破百万生态的国产操作系统，银河麒麟的生态成熟度 国内领先，与国产主流CPU、GPU及板卡实现全面兼容，构建起完整的国产化生态体系。已在嫦娥探月、天问探火等国家重大工程中发挥支 撑作用，在政务领域保持较高覆盖率，同时在金融、能源、教育、医疗等行业实现长期规模化应用。目前，银河麒麟操作系统已部署超 1600万套。 ...

Core Insights - The China Operating System Industry Conference will be held on August 26, 2025, marking the launch of the new Galaxy Kirin Operating System V11, representing a significant breakthrough in China's operating system development [1] - The Ministry of National Security has highlighted security risks associated with foreign-produced chips, advocating for the use of domestically produced chips and operating systems in sensitive positions [1] - The Central Government Procurement Center issued a notice in March 2024 prioritizing the procurement of domestic CPUs and operating systems, indicating an acceleration in the adoption of domestic technology [1] Market Overview - According to Changjiang Securities, the Chinese operating system market is projected to reach a scale of 45 billion yuan by 2025, with the Xinchuang operating system market expected to reach 9.75 billion yuan, driving rapid revenue growth for domestic operating system vendors [1] - The competitive landscape of the domestic operating system market is expected to consolidate from a diverse array of players to a more focused ecosystem, with the operating system ecosystem becoming a decisive factor in competition [1] Competitive Landscape - In the Xinchuang market, Kirin Software and Euler are positioned with strong first-mover advantages in the PC and server segments, respectively, and are likely to further solidify their leading positions [1] - Huawei's Harmony OS is anticipated to leverage its mobile ecosystem to enhance its presence in the market [1] Key Players - The "national team" in the Xinchuang sector includes companies such as China Software, Dameng Data, China Great Wall, Haiguang Information, and Taiji Co., among others [1]

8月26日，由中国版权协会、中国软件行业协会、中国电子信息产业集团有限公司联合主办，麒麟软 件、OpenAtom openKylin（开放麒麟）社区承办的"麒麟遨天·共承长"2025中国操作系统产业大会，将 在北京中关村国际创新中心召开。 业内人士表示，在这一趋势下，国产操作系统市场空间巨大，随着行业信创的推进，信创PC及服务器 市场出货量保持高增。据东吴证券测算，2025年中国操作系统市场规模将达到586亿元，国产操作系统 厂商在个人消费市场新领域、新商业模式的探索中也将大有可为。来觅研究院认为，长期来看，随着国 产操作系统持续更新迭代，以及国家对操作系统的自主可控要求提升，国产操作系统的渗透率将不断提 升。 据透露，即将发布的银河麒麟V11有五大亮点，具体包括：内核方面，首个基于Linux Kernel 6.6商业版 本，加速中国国产操作系统更新迭代；安全方面，坚守一如既往的最高安全等级，更是重塑用户安全隐 私防护盾；好用方面，响应加速、流畅丝滑、多端协同、AI升级，重新定义办公体验；生态方面，自 主生态建设从"精卫填海"到"与象共舞"，银河麒麟与伙伴共成长；应用方面，最终用户加入"共创"，每 一个微小需 ...

Core Viewpoint - The development of HarmonyOS is not just a choice but a necessity for China's technological rise, aiming to establish a self-controlled operating system to ensure national security and technological independence [2][4][6]. Group 1: HarmonyOS Development and Milestones - HarmonyOS 5 has surpassed 10 million devices, marking a significant milestone in user acceptance and the potential for a sustainable business cycle [1][16]. - The operating system has achieved over 90% compatibility with major applications from Alibaba's ecosystem, with a goal of 100% compatibility by September 30 [7][9]. - As of mid-2025, HarmonyOS has adapted to over 40 Huawei terminal products, with 8 million registered developers and over 1.5 million applications available [16][11]. Group 2: Strategic Importance and Market Position - The necessity for a domestic operating system is underscored by the reliance on foreign systems like Android and iOS, which are subject to external political pressures [3][4]. - HarmonyOS aims to provide a secure foundation for China's information technology infrastructure, addressing long-term development and security concerns [2][3]. - Huawei regained the top position in the Chinese smartphone market with an 18.1% share in Q2 2025, indicating growing user trust in HarmonyOS [15][14]. Group 3: Ecosystem and Developer Engagement - HarmonyOS promotes a collaborative ecosystem where developers and partners co-create, reducing adaptation costs and enhancing user experience [8][9]. - The operating system has attracted over 800,000 developers, with significant growth in application development and user engagement [9][16]. - The ecosystem is designed to be open and flexible, allowing for a wide range of applications across various industries, thus fostering innovation [12][18]. Group 4: Future Prospects and Challenges - The ongoing development of HarmonyOS is seen as a long-term strategic initiative, with expectations for further upgrades and enhancements [17][18]. - The challenge remains to bridge the gap in application quantity and ecosystem maturity compared to established systems like Windows and Android [11][14]. - The success of HarmonyOS is viewed as pivotal for China's technological independence and its ability to compete on a global scale [6][18].

- The report introduces a "Total Heat Indicator" as a proxy variable for tracking market sentiment. This indicator is defined as the sum of browsing, watchlist additions, and clicks for individual stocks, normalized as a percentage of the total market on the same day, and then multiplied by 10,000. The value range is [0, 10,000][7] - A "Broad-based Index Heat Rotation Strategy" is constructed based on the weekly heat change rate (MA2) of major indices. The strategy involves buying the index with the highest heat change rate at the end of each week, or staying in cash if the "Others" group has the highest rate. The strategy achieved an annualized return of 8.74% since 2017, with a maximum drawdown of 23.5%, and a 2025 return of 24.5%[13][16] - A "Concept Heat Strategy" is developed by selecting the top 5 concepts with the highest weekly heat change rates. Two portfolios are constructed: 1. "TOP Portfolio" includes the top 10 stocks with the highest total heat within each concept 2. "BOTTOM Portfolio" includes the bottom 10 stocks with the lowest total heat within each concept Historical results show the BOTTOM Portfolio achieved an annualized return of 15.71% with a maximum drawdown of 28.89%, and a 2025 return of 33%[31][33]

Core Insights - The HarmonyOS is at a critical commercialization juncture as the number of devices running HarmonyOS 5 surpasses 10 million, with major applications like WeChat, Douyin, Alipay, and Taobao seeing installation numbers exceed 10 million [2][3] - The adaptation of major applications to HarmonyOS is accelerating, with significant updates and collaborations between Huawei and leading tech companies like Tencent and Alibaba [3][7] - Despite progress, challenges remain in adapting a wide range of applications, particularly for smaller developers, as the costs and complexities of transitioning to HarmonyOS are substantial [11][12] Group 1: Application Adaptation - Major applications have seen rapid adaptation, with WeChat's HarmonyOS version reaching over 11 million installations, and other apps like Taobao and Alipay also crossing the 10 million mark [3][6] - The adaptation process involves significant collaboration between developers and Huawei, with Tencent's WeChat undergoing extensive updates and requiring a complete rewrite of its code for HarmonyOS compatibility [8][9] - The complexity of adapting applications is likened to building a new app from scratch, particularly for those using native languages, which complicates the transition [7][9] Group 2: Ecosystem Development - The total number of devices running HarmonyOS has reached 1.19 billion, indicating a growing ecosystem that includes a wide range of products [6] - Huawei's strategy includes fostering partnerships with third-party developers, such as Ant Group's mPaaS, to ease the adaptation process for various applications [13][14] - The success of HarmonyOS hinges on building a rich application ecosystem, which requires not only major applications but also niche and specialized apps to meet diverse consumer needs [11][12] Group 3: Future Challenges - The need to lower development costs and simplify the adaptation process for smaller developers is critical for expanding the HarmonyOS ecosystem [15] - Huawei acknowledges the importance of collaboration with various partners to enhance the capabilities of HarmonyOS, particularly in AI and other innovative areas [14][15] - The ongoing challenge is to balance system iteration with application adaptation costs, which will be essential for the future growth of the HarmonyOS ecosystem [15]

Core Insights - Guangdong's digital government construction is undergoing a significant upgrade with the launch of the HarmonyOS version of the Yuezhengyi app, marking it as the first government collaboration application in China to reach over one million users [1][3]. Group 1: Application Features and Security - The Yuezhengyi HarmonyOS version integrates the robust "Star Shield" security architecture and system-level file encryption, ensuring full-chain protection of government data from generation to destruction [3]. - The HarmonyOS kernel is the first in the industry to receive the international CC EAL6+ certification, providing a solid "moat" for the protection of sensitive government data and ensuring business continuity [3]. Group 2: Performance and User Experience - The app has undergone deep optimization in architecture and performance, resulting in significantly improved application response speed and reduced power consumption, enhancing overall fluidity [3]. - Utilizing Harmony's distributed soft bus technology, the app offers a unified experience across mobile phones, tablets, and PCs, activating "smart productivity" in the government sector [3]. Group 3: Ecosystem and Future Developments - The Harmony ecosystem is rapidly being implemented across various fields, with the Yuezhengyi app being a key component in the digital transformation of government services and governance [3]. - The Guangdong Provincial Bureau of Government Services and Data Management plans to strengthen collaboration with technology companies to continuously optimize the Yuezhengyi app experience and promote digital innovation in government [4].