Core Viewpoint - Huawei's HarmonyOS computer was officially unveiled on May 8, featuring a fully self-developed software and hardware architecture, distinct from previous domestic Linux desktop operating systems [1][3]. Group 1: Product Features and Compatibility - HarmonyOS computers cannot upgrade existing Windows computers; users must purchase new products after the official release on May 19 [3]. - The architecture and kernel of Windows and HarmonyOS are fundamentally different, preventing compatibility [3]. - HarmonyOS computers will offer features such as full-scene capabilities, native intelligence, and native security [3]. Group 2: Ecosystem Development - Currently, over 150 dedicated computer ecosystem applications are being adapted, with over 300 integrated ecosystem applications already completed, and a target of over 2000 by the end of the year [3]. - HarmonyOS supports "one development, multi-end deployment," allowing mobile applications to be quickly adapted for computer use, with several popular apps already optimized for HarmonyOS computers [3][5]. Group 3: Market Position and Competition - Huawei's market share in the Chinese PC market is 11%, ranking second, with a 15% year-on-year increase in shipments, while the overall PC shipment volume in mainland China is projected to decline by 4% in 2024 [5]. - Lenovo leads the market with a 35% share, experiencing a 12% decline in shipments [5].

Core Viewpoint - Huawei is transitioning its computer products to the HarmonyOS, marking a significant shift from the previously used Microsoft Windows operating system due to the expiration of supply agreements amid U.S. sanctions [3][4]. Group 1: Huawei's Strategy and Product Launch - Huawei plans to officially launch its first HarmonyOS computer on May 19, 2023, with all future computer products pre-installed with HarmonyOS [3]. - The shift to HarmonyOS is part of Huawei's broader strategy to develop a fully self-researched and controllable operating system ecosystem, driven by the need to mitigate reliance on U.S. technology [3][6]. Group 2: Impact on Existing Users - Existing Huawei computer users will not be affected by the transition to HarmonyOS, as Microsoft is obligated to continue providing updates for Windows operating systems purchased by users [4][5]. - Users with Windows 10 installed on their Huawei computers must upgrade to Windows 11 before October 14, 2025, to continue receiving updates [5]. Group 3: Ecosystem Development and Market Position - Concerns regarding the application ecosystem for HarmonyOS on computers are acknowledged, but the existing ecosystem from HarmonyOS on mobile devices is expected to facilitate a quicker adaptation for developers [5][6]. - In the Chinese PC market, Huawei is projected to ship 4.3 million units in 2024, capturing an 11% market share, making it the second-largest PC manufacturer in the country [6].

华为终端全面进入鸿蒙时代 据介绍，历经五年布局，持续构筑鸿蒙办公新体验，鸿蒙电脑搭载了HarmonyOS 5，采用鸿蒙内核，带 来精致、智能、安全、流畅、互联的体验；鸿蒙电脑从内核开始重构操作系统，构筑鸿蒙办公新体验。 这也是首个从操作系统内核开始重构的国产电脑。 华为在沟通会上部分展示了鸿蒙电脑的技术亮点。智能方面，鸿蒙电脑实现了AI能力与底层硬件、操 作系统、软件应用的融合，支持一句话完成PPT创作、从全盘文档中摘取信息并总结、撰写会议纪要、 一键进行电脑设置等AI功能。 新华财经北京5月8日电（王媛媛） 5月8日，鸿蒙电脑技术与生态沟通发布会在深圳举行，鸿蒙电脑在 此次大会正式亮相。 据悉，鸿蒙电脑搭载了HarmonyOS 5，采用鸿蒙内核，从内核开始重构操作系统，并实现了AI能力与底 层硬件、操作系统、软件应用的深度融合，构筑鸿蒙办公新体验。根据安排，鸿蒙电脑将于5月19日正 式对外发布。 分析指出，鉴于华为的市场号召力以及生态系统的强大，鸿蒙电脑的问世将为AI PC领域的国产软硬件 创新带来全新发展机会和成长土壤。 华为终端BG平板与PC产品线总裁朱懂东表示，头部150个专属应用已经启动开发，300 ...

Group 1: Huawei and Hongmeng Computer - Huawei officially launched the "Hongmeng Computer" at a technology and ecosystem communication conference in Shenzhen, marking a significant breakthrough for domestic operating systems in the PC sector [1] - The development of the Hongmeng Computer involved over 10,000 top engineers and more than 20 research institutes, resulting in the accumulation of over 2,700 core patents [1] Group 2: Public Housing Fund Loan Rate Adjustment - Multiple cities in Guangdong, including Guangzhou and Shenzhen, announced a reduction in public housing fund loan rates by 0.25 percentage points [2] - The decrease in loan rates is expected to alleviate repayment burdens for homebuyers and stimulate housing consumption demand [3] Group 3: Junda Co., Ltd. and Solar Cell Manufacturing - Junda Co., Ltd. became the first "A+H" listed company in the solar cell manufacturing industry after its debut on the Hong Kong stock market, with a closing price of HKD 26.6 per share and a market capitalization of approximately HKD 77.83 billion [4] - Despite a strong performance post-transition into the solar cell sector, Junda Co., Ltd. reported a loss of CNY 591 million in 2024 due to continuous price declines in the solar cell industry [4] - The listing on the Hong Kong stock market provides Junda Co., Ltd. with new financing avenues and the potential to attract more international investors for business expansion and technological development [4] Group 4: Shenzhen North Station Passenger Flow - From April 29 to May 6, Shenzhen Railway recorded a total of 6.14 million passengers, representing a year-on-year increase of 19.9% [5] - May 1 marked the peak of passenger flow, with Shenzhen Railway sending 550,000 travelers, setting a historical record for passenger flow at Shenzhen North Station [5] - The high passenger flow indicates closer economic ties and frequent personnel movement between Shenzhen and other regions, enhancing economic exchange and cooperation [6] Group 5: Shenzhen Stock Market Performance - The Shenzhen Component Index closed at 10,197.66 points, up by 0.93% [7] - Notable gainers in the Shenzhen market included Jintongling, Jinlong Electric, and Jiuqi Co., with respective increases of 20.16%, 20.08%, and 20.01% [8] - Conversely, the market saw declines in stocks such as *ST Changyao, Xinchao New Materials, and Hongbo Co., with decreases of 13.80%, 11.22%, and 9.99% respectively [9]

智通财经记者 | 宋佳楠 5月8日，在深圳举办的鸿蒙电脑技术与生态沟通会上，华为首款搭载HarmonyOS操作系统的鸿蒙电脑 正式亮相。至此，鸿蒙OS全面覆盖了手机、电脑、手表、大屏、平板、座舱等全场景终端设备。 早在2020年，面对外部限制，华为便开启鸿蒙电脑的研发。华为终端平板与PC线总裁朱懂东表示，整 个研发周期历时五年，投入超10000名工程师与20多家专业研究所协同合作。据他透露，鸿蒙电脑产品 将于5月19日正式发布。 鸿蒙电脑基于鸿蒙内核构建，采用新的星盾安全架构，可从底层保障用户隐私安全。智能助理 "小艺" 融合了AI能力，可通过语音指令快速生成 PPT、实现跨设备知识管理、自动生成会议纪要等。借助分 布式软总线技术，鸿蒙电脑支持手机、电脑、平板三设备间的键鼠共享。 过去一年，鸿蒙已在生态建设方面取得不小的突破。据华为方面透露，鸿蒙原生应用和元服务上架超过 2万个，开发者数量超过720万，生态设备超10亿台，这些均为鸿蒙PC打下基础。 长期以来，国产电脑操作系统发展缓慢，主流系统及核心生态被国外厂商主导。如今，鸿蒙电脑的推 出，标志着国产操作系统在个人电脑领域实现重要突破。 不仅如此，鸿蒙电脑的 ...

Core Viewpoint - Huawei's HarmonyOS-powered computer, known as Hongmeng Computer, was officially unveiled, showcasing its integration with advanced AI technologies [1] Group 1: Product Features - The Hongmeng Computer is equipped with HarmonyOS 5, featuring a new AI system and a dedicated assistant named Xiao Yi, which supports voice interaction and provides accurate and rapid responses [1] - The operating system of the Hongmeng Computer integrates with the Pangu large model and DeepSeek, enhancing its AI capabilities [1]

Core Viewpoint - Huawei officially launched the "Harmony Computer" at the HarmonyOS 5 technology and ecosystem communication conference held in Shenzhen on May 8, showcasing the deep integration of AI capabilities with underlying hardware, operating systems, and software applications [1] Group 1 - The "Harmony Computer" is powered by HarmonyOS 5, indicating a significant advancement in Huawei's operating system technology [1] - The event highlighted the strategic direction of Huawei in merging AI with its hardware and software ecosystem, which may enhance user experience and operational efficiency [1]

Core Insights - The AI sector is entering a phase of rapid innovation, with advancements such as DeepSeek's integration of algorithm innovation and engineering optimization, and the release of Llama 4 accelerating the deployment of multimodal large models [1] - Privacy and data security are significant challenges faced by the AI large model field, as discussed at the 2025 Lenovo Innovation Technology Conference [1] Group 1: Data Security and Privacy Protection - Lenovo's CEO Yang Yuanqing emphasized the importance of hybrid AI from the perspectives of personal data protection, enterprise data protection, personal privacy protection, and corporate intellectual property protection [3] - Yang stated that data security and privacy protection are foundational to the three main functions of "super intelligent agents," which represent non-negotiable value propositions and innovation principles [3] - The contradiction between the need for accurate responses and the desire to protect personal data is highlighted, suggesting that personal trusted computing can be a solution by utilizing users' own devices for data learning and inference [3] Group 2: Technological Advancements and Applications - Lenovo's CTO Tolga Kurtoglu noted that data security and privacy protection are crucial in developing "super intelligent agents," advocating for local processing of sensitive information on devices [4] - The need for robust data security measures when transferring data to the cloud is emphasized, along with the importance of anonymizing sensitive information [4] - Yang revealed that Lenovo plans to introduce Deepfake detection technology to mitigate the risk of personal image theft, showcasing the company's commitment to enhancing data security [4]

Group 1 - The core viewpoint emphasizes the importance of leveraging the advantages of a new type of national system to promote the healthy and orderly development of artificial intelligence in China, focusing on application orientation and self-reliance [1] - The domestic AI ecosystem is evolving with many Chinese AI models being open-sourced, attracting global developers and breaking Western technological monopolies, thus enhancing accessibility and contributing to the global open-source system [1] - The A-share market showed a strong performance on May 8, with the AI computing power sector experiencing slight adjustments, while several stocks in the Sci-Tech Innovation Board AI index saw significant gains [1] Group 2 - According to Dongfang Securities, the investment value in the AI sector lies in its potential to lead a new wave of technological revolution, particularly in computing power, algorithms, and application ecosystems [2] - The construction of computing power infrastructure is highlighted as a cornerstone for AI development, involving both hardware upgrades and software optimizations, such as the collaboration between Nvidia and TSMC to produce $500 billion worth of AI infrastructure in the U.S. [2] - Major companies are continuously launching new large models, showcasing breakthroughs in technology and broad applicability in various fields such as marketing, e-commerce, and design [2]

Summary of Conference Call Notes Company and Industry Involved - The report focuses on **Softcom** and its collaboration with **Tongfang** in the hardware sector, particularly in computing and intelligent computing centers. Core Points and Arguments - **Total Hardware Revenue**: In 2024, the combined hardware revenue of Softcom and Zhitu International is projected to reach **12.9 billion** yuan, representing a year-on-year growth rate of over **30%** [1] - **PC Market Share Growth**: By the second half of 2024, Softcom's market share in the PC segment is expected to increase from **4%** to **10%**, positioning it just behind Lenovo and surpassing Huawei [1] - **Annual Shipment Volume**: The total shipment volume for the year is estimated to be around **3.3 million** units, reflecting a year-on-year increase of **90%** [1] - **Government and Political Acceleration**: The report anticipates an acceleration in government and political trust innovation in 2025, with Tongfang holding a significant market share. A concentrated bidding process is expected in March, with anticipated confirmations in the second half of 2025 [1] - **Profitability Outlook**: Following the expected profitability of Tongfang's C-end in 2024, there is an optimistic outlook for achieving breakeven in the 2G2B segment in 2025 [1] Other Important but Possibly Overlooked Content - The collaboration between Tongfang and Softcom is perceived to be undervalued by the market, indicating potential for future growth and investment opportunities [1]