Group 1 - Huawei Developer Conference (HDC) was held on June 20, 2025, in Dongguan, where Huawei's Executive Director Yu Chengdong announced the rebranding of "Huawei Smart Selection" to "Harmony Smart Selection" and the launch of a new phase for the Harmony ecosystem high-end products [1] - Harmony Smart Selection is a high-end product brand under the Harmony ecosystem, aimed at enhancing the user experience through both software and hardware advancements, covering areas such as smart home, health, and office solutions [1] - Westin Lighting was recognized as a "Harmony Smart Selection Pioneer" for its strong capabilities in smart lighting technology and health-oriented lighting environments, integrating professional and intelligent lighting into home scenarios [1] Group 2 - Westin Lighting has been collaborating with Huawei's Harmony ecosystem since 2022, evolving from single product connectivity to comprehensive home scenario solutions, with hundreds of SKUs now integrated into Huawei's smart home offerings [2] - The company has received multiple awards, including the "Outstanding Contribution Award for Whole Home Intelligence," showcasing its expertise in smart lighting technology [2] - Westin Lighting will continue to support the Harmony Smart Selection ecosystem with a dual strategy of "professional + innovation," aiming to create a more comfortable, intelligent, and personalized lighting experience for users [2]

Core Viewpoint - Guangdong is transitioning from a "manufacturing province" to an "innovation powerhouse," showcasing a vibrant ecosystem of new production forces across various sectors, including robotics, flying cars, semiconductors, and biomedicine [1][2]. Group 1: Industry Development - Guangdong's industrial evolution reflects a significant journey from processing trade to a manufacturing leader, and now to the forefront of technological innovation [1]. - The province faces challenges such as intensified market competition, rising labor costs, and increased external uncertainties, necessitating a structural adjustment and upgrade of its industries [1]. Group 2: Role of Capital - Capital plays a crucial role in Guangdong's industrial upgrade, acting as both a "value discoverer" and a "resource integrator," facilitating the reconstruction and leapfrogging of industries [1][2]. - The province has over 12,000 private equity and venture capital funds, with a total scale of 2.47 trillion yuan, supporting technological entrepreneurship and industrial upgrades [2]. Group 3: Traditional and Emerging Industries - Traditional industries in Guangdong are undergoing transformation through capital market functions such as financing, mergers and acquisitions, and resource allocation, leading to revitalization [2]. - Examples include Midea's acquisition of KUKA Group and other companies, which have allowed it to enter new markets like robotics and automation [2]. Group 4: Economic Stability and Future Growth - The synergy between traditional and emerging industries, supported by capital, has fortified the economic foundation of Guangdong while creating sustainable growth points for the future [3].

Core Viewpoint - Guangdong is transitioning from a "manufacturing province" to an "innovation powerhouse," driven by new production forces and capital market dynamics [1] Group 1: Industry Development - Guangdong's industrial development has evolved from processing trade to a manufacturing leader, and now to a technology innovation frontier [1] - The province faces challenges such as intensified market competition, rising labor costs, and external instability, necessitating structural adjustments and upgrades in its industries [1] Group 2: Role of Capital - Capital markets play a crucial role in Guangdong's industrial upgrade by acting as both "value discoverers" and "resource integrators," facilitating the restructuring and transition of industries [2] - Guangdong has over 12,000 private equity and venture capital funds, with a total scale of 2.47 trillion yuan, supporting technological entrepreneurship and industrial upgrades [2] Group 3: Case Studies - Companies like Midea have engaged in capital operations, acquiring firms such as KUKA to enter the robotics market, demonstrating the active role of capital in industry transformation [3] - The integration of resources by companies like Songfa and Foshan Lighting showcases how capital can help traditional industries innovate and expand into new sectors [3] Group 4: Economic Stability and Growth - The synergy between traditional and emerging industries, supported by capital, contributes to economic stability and creates sustainable growth points for the future [3]