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].

Group 1 - The fentanyl concept sector increased by 1.24%, ranking second in terms of sector gains, with one stock, Botao Bio, hitting a 20% limit up [1][2] - The main stocks in the fentanyl sector experienced mixed performance, with notable declines in Renfu Pharmaceutical, Oriental Bio, and Guoyao Modern, which fell by 3.16%, 2.59%, and 1.23% respectively [1][2] Group 2 - The fentanyl concept sector saw a net inflow of 50 million yuan, with four stocks receiving significant inflows, led by Botao Bio with a net inflow of 51.6459 million yuan [2][3] - The net inflow ratios for Botao Bio, Oriental Bio, and Wanfu Bio were 11.85%, 5.85%, and 5.04% respectively, indicating strong interest from main funds [3]

8月14日，国务院新闻办公室在北京举行"高质量完成'十四五'规划"系列主题新闻发布会。国家发 展改革委党组成员、国家数据局局长刘烈宏介绍，经过多年持续攻坚，我国在数字领域突破了一批关键 核心技术，展示出我国显著的发展成绩。集成电路加快布局，形成覆盖设计、制造、封装测试、装备材 料的完整产业链；国产操作系统加速崛起，鸿蒙系统生态设备总量突破11.9亿台，为手机、汽车、家电 等1200多类产品装上"智能中枢"；我国人工智能综合实力实现整体性、系统性跃升，人工智能专利数量 占全球总量的60%。 ...

Core Insights - As of July 30, the number of devices running HarmonyOS 5 has surpassed 10 million, marking a significant milestone in the ecosystem's evolution within less than a year [1] - The rapid growth of HarmonyOS is attributed to its status as a domestically developed operating system, gaining widespread user support and breaking the long-standing monopoly in the operating system market [1] Group 1 - HarmonyOS 5 covers over 40 Huawei products, including smartphones, tablets, cars, and smart home devices, and has introduced more than 260 new features [1] - The number of developers submitting versions has exceeded 270,000, and the open-source code has reached 130 million lines, covering nearly 20 industries such as government, healthcare, and manufacturing [1] - By the end of June, over 1,200 types of products running the open-source HarmonyOS had been launched, totaling more than 1.19 billion units, with over 7.2 million developers and more than 25,000 applications and services available [1] Group 2 - The ecosystem has over 450 partners, indicating a rapidly improving ecosystem that meets the needs of the majority of users [1] - The adaptation of mainstream applications to HarmonyOS has further solidified its market presence and maturity, enhancing its competitive position in the global operating system landscape [1]

Core Insights - The article draws a parallel between the Cambrian Explosion in biological history and the current rapid growth of the HarmonyOS ecosystem, highlighting its significance in reshaping the technological landscape [1][3]. - As of July 30, the number of devices running HarmonyOS 5 has surpassed 10 million, indicating a strong user base and commercial potential for the ecosystem [1][3]. - The success of HarmonyOS is attributed to its self-developed core technologies and innovative features that enhance user experience, attracting more users and developers [3][4]. User Experience and Ecosystem Development - Users are experiencing the convenience of HarmonyOS in various scenarios, such as seamless device connectivity in meetings and enhanced shopping experiences through AI recommendations [4][5]. - The number of applications available on HarmonyOS is approaching 30,000, with the top 5,000 applications covering 99.9% of user engagement time, demonstrating significant user acceptance [7]. - Huawei regained the top market share in China with an 18.1% share in Q2, and its foldable phones lead the market with a 72.6% share, indicating growing trust in HarmonyOS [7]. Collaborative Efforts and Market Position - The milestone of 10 million devices has been celebrated by 99 partners and 99 universities, showcasing collective support for the HarmonyOS ecosystem [9]. - Major applications from Tencent and other national-level apps have rapidly adapted to HarmonyOS, enhancing user experience and increasing installation rates [9][11]. - The ecosystem is not just a replacement for traditional operating systems but aims to foster innovation and collaboration among developers, creating a more open environment [11][12]. Future Growth and Opportunities - The HarmonyOS ecosystem is positioned for further growth, with over 800,000 registered developers and a significant number of products already adapted to the system [15]. - The launch of HarmonyOS 6 Beta at the Huawei Developer Conference indicates ongoing enhancements and the potential for new features that will benefit both users and developers [17]. - Initiatives like the Harmony Star Plan aim to support innovation among developers, particularly in educational institutions, further expanding the ecosystem's reach [19]. Conclusion - The achievement of 10 million devices marks a significant milestone for HarmonyOS, representing a stable and active user base that can drive further growth [21]. - The ecosystem is poised for a broader impact, with the potential to reshape the operating system landscape and foster a collaborative environment for developers and users alike [21].