Group 1 - The founder, chairman, and CEO of Xiaomi, Lei Jun, announced a New Year's Eve live stream scheduled for December 31 at 8 PM [1] - During the live stream, Lei Jun plans to have engineers disassemble a car while discussing it, following suggestions from viewers to dismantle the YU7 model after a previous SU7 disassembly video [1]

Investment Rating - The report rates the automotive industry as "Outperform" [3] Core Insights - The approval of L3 level conditional autonomous driving vehicles marks a significant milestone, with Huawei's partnered electric vehicle models, Arcfox Alpha S5 and Changan Deep Blue SL03, set to conduct road trials in designated areas [3] - Huawei's automotive business is transitioning from a technology enabler to a system-level platform company, with smart technology becoming a competitive differentiator in the automotive sector [3] - The report highlights Huawei's comprehensive ICT capabilities, which extend to the automotive sector, creating a collaborative platform that integrates smart driving, smart cockpit, and electric components [3][7] Summary by Sections ICT Full-Stack Capability - Huawei is accelerating its transition to a platform monetization phase, predicting that by 2030, 82% of new car sales in China will be electric vehicles, with a 30% adoption rate of L3 and above autonomous driving [7] - The company focuses on core modules such as smart driving, smart cockpit, vehicle control, electric drive, and ultra-fast charging, positioning itself as a full-stack intelligent automotive solution provider [7] Smart Driving: ADS 4.0 and WEWA Architecture - The ADS 4.0 system utilizes a multi-sensor fusion approach to achieve nationwide intelligent driving capabilities without relying on high-definition maps [15] - The system has demonstrated significant improvements, including a 50% reduction in end-to-end latency and a 20% increase in traffic efficiency [15] Smart Cockpit: HarmonyOS Building the In-Car Interaction Ecosystem - Huawei's HarmonyOS is designed to create a distributed operating system that enhances cross-device collaboration, aiming to upgrade user experience in smart cockpits [24][28] - The system is expected to support a vast number of IoT devices, with projections indicating a tenfold increase in global IoT connections by 2030 [24] Electric Drive System: DriveONE Advantages - Huawei's DriveONE platform is noted for its high integration and efficiency, with a peak efficiency of 98% and a rapid charging capability that allows for 215 kilometers of range in just five minutes [36] - The platform supports a wide range of vehicle classes and is designed to reduce costs and improve performance through advanced technology [36] Huawei's Collaboration Model and Outlook - Huawei employs three main collaboration models with automotive partners: component supply, full-stack solutions, and deep involvement in product definition and user experience [44] - The report anticipates that vehicles equipped with Huawei's ADS and HarmonyOS will have a competitive edge in the market, particularly in the high-end segment [3][44]

Core Viewpoint - The company emphasizes the importance of intelligent transformation across various industries, leveraging its technological advancements and partnerships to enhance user experience and operational efficiency in the new smart era [1][4]. Group 1: Achievements in 2025 - The company assisted operators in building 5G-A networks, providing high-speed network connectivity to 60 million users [2][3]. - The HarmonyOS ecosystem has accelerated from "usable" to "user-friendly," with over 36 million devices running HarmonyOS 5.0 and above [2][3]. - Collaborated with automotive partners to equip over 1.4 million passenger vehicles with intelligent driving capabilities, achieving nearly 7 billion kilometers of assisted driving mileage [3]. Group 2: Strategic Focus for 2026 - The company aims to strengthen vertical industry operations, utilizing its "mixed bag" advantage to facilitate intelligent transformation across various sectors [4]. - Plans to build an open-source ecosystem around Kunpeng and Ascend, enabling partners to develop products that meet diverse industry needs and promote the accessibility of cluster and super-node technologies [4]. - The "water strategy" will enhance pipeline flow, integrating AI into communication networks to transition from connectivity to "smart connectivity" [4]. Group 3: Future Vision - The company envisions a future where intelligent transformation reshapes production and lifestyle, with advancements in terminal intelligence, autonomous driving, and AI integration into core business processes [3][4]. - The focus will be on enhancing consumer experiences within the Harmony ecosystem, ensuring a prosperous AI experience for end-users [4]. - The company is committed to restructuring AI data centers to maximize output efficiency and improve charging experiences through liquid cooling and ultra-fast charging technologies [4].

Core Viewpoint - The article emphasizes the company's achievements and strategic direction as it navigates the challenges of the intelligent era, highlighting its commitment to innovation and customer experience [1][3][6]. Group 1: Achievements and Innovations - The company has supported operators in building 5G-A networks, providing high-speed connectivity to 60 million users [2]. - The HarmonyOS ecosystem has accelerated from "usable" to "well-used," with over 36 million devices running HarmonyOS 5.0 and above [2]. - The company has partnered with automotive manufacturers, equipping over 1.4 million vehicles with smart driving capabilities, accumulating nearly 7 billion kilometers of assisted driving mileage [2]. - The Kunpeng ecosystem has developed over 6,800 partners and 3.8 million developers, with the openEuler operating system installed on over 16 million units [2]. - The company has produced over 20 trillion kilowatt-hours of green electricity, saving 150 billion kilowatt-hours and reducing emissions by 1.06 billion tons, equivalent to planting 1.45 billion trees [2]. Group 2: Future Strategic Directions - The company aims to leverage the wave of intelligent transformation, focusing on vertical industry applications and enhancing its ecosystem to meet diverse market needs [3][5]. - The integration of AI technology with industry knowledge is expected to drive systemic value reconstruction across core business processes [4]. - The company plans to enhance consumer experiences through the Harmony ecosystem and AI integration, ensuring a seamless and innovative user experience [5]. - The strategic focus for 2026 includes strengthening organizational capabilities and achieving success through quality and value [7].

12月30日上午，华为官方公众号发布了轮值董事长孟晚舟的2026年新年致辞《追风赶月莫停留，平芜尽处是春山》。 在致辞中，孟晚舟表示， 人工智能技术正加速与行业知识融合，从单点效率提升转向对企业核心业务的系统性价值重构。这场转变不仅是 技术的迭代，更是从组织架构、业务流程到企业文化的一次深刻变革。 在2026年华为将聚焦的主战场中，孟晚舟提到了 强化行业垂直作战、构建开源开放的鲲鹏昇腾生态、繁荣鸿蒙生态以及重构AI数据中心多 个方面。 "从战略方向到战场胜利的这条道路，遍布暗礁与险阻，但我们别无选择，唯有迎难而上。"孟晚舟说。 致辞 全文 如下： 追风赶月莫停留，平芜尽处是春山 ——2026年新年致辞 轮值董事长 孟晚舟 时光的潮水正漫过2025的岸线，回望这一年的忙碌与奔赴，那些深浅不一的足迹，正是我们奋力向前的最好见证： 在撒哈拉沙漠南缘，网优工程师穿梭在44℃高温、红土飞扬的街头，厘清网络症结； 在大西洋的七级风浪中，光网专家克服严重晕船，和客户一起定位故障、恢复通信； 在海拔4300米的雪域高原，服务团队缺氧不缺精神，冒着零下15℃的严寒调试光储系统，把绿色电源送入千家万户； 在凌晨4:30的客户机房 ...

Core Viewpoint - Huawei's rotating chairman Meng Wanzhou delivered a New Year address reflecting on the company's achievements in 2025 and outlining strategic focuses for 2026, emphasizing resilience, professionalism, and passion in overcoming challenges and creating value [1][3][6]. Achievements in 2025 - Huawei assisted operators in building 5G-A networks, providing high-speed connectivity to 60 million users [5]. - The HarmonyOS ecosystem progressed from "usable" to "user-friendly," with over 36 million devices running HarmonyOS 5.0 and above [5]. - The QianKun Intelligent Driving system was implemented in over 1.4 million passenger vehicles, accumulating nearly 7 billion kilometers of assisted driving [5]. - The Kunpeng and Ascend ecosystems expanded, with 6,800 and over 3,000 partners respectively, and a developer community exceeding 7.8 million [5]. - The openEuler operating system installation surpassed 16 million units [5]. - Huawei produced over 20 trillion kilowatt-hours of green electricity, equivalent to planting 1.45 billion trees, demonstrating its commitment to green and low-carbon initiatives [5]. Strategic Focus for 2026 - The company aims to enhance vertical industry capabilities, focusing on intelligent transformation across various sectors [4][8]. - Huawei plans to build an open-source Kunpeng and Ascend ecosystem to promote accessible AI computing power [4][8]. - The "Water Strategy" will be employed to stimulate pipeline traffic, transitioning from "connectivity" to "intelligent connectivity" [4][8]. - The company will continue to enrich the HarmonyOS ecosystem, enhancing consumer AI experiences [4][8]. - There will be an acceleration in the large-scale implementation of Harmony Intelligent Driving and QianKun Intelligent Driving to create safe and comfortable travel experiences [4][8]. Call to Action - Meng Wanzhou emphasized that past successes do not guarantee future achievements, urging Huawei employees to strive for quality and strengthen organizational capabilities in the face of uncertainties in the intelligent transformation journey [10][11].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 新浪科技讯 12月30日上午消息，华为轮值董事长孟晚舟今日发布题为《追风赶月莫停留，平芜尽处是 春山》的新年致辞，总结2025年的发展成绩，以及展望2026年的战略方向。 她在致辞中透露，2025年华为助力运营商建设5G-A网络，为6000万用户提供极速网络联接体验；在生 态伙伴的支持下，鸿蒙生态体验加速从"可用"到"好用"，鸿蒙5.0以上终端设备超过3600万；携手车企 伙伴，乾崑智驾累计为140多万辆乘用车装上智慧大脑，辅助驾驶里程近70亿公里；鲲鹏已发展6800多 家合作伙伴、380万开发者，openEuler系操作系统累计装机量超过1600万套；昇腾已发展3000多家合作 伙伴、400万开发者，Atlas 900超节点规模服务于互联网、金融、运营商、电力等行业；与绿色能源客 户并肩前行，累计生产绿电超过2万亿度，节电1500亿度，减排10.6亿吨，相当于种植14.5亿棵树。 面向2026年，她提出，智能化变革浪潮奔涌，这是华为面临的长期战略机遇。终端智能体、辅助驾驶、 无人挖掘机、无人重型矿车……正在改变我们每个人生活生产方式； ...

时光的潮水正漫过2025的岸线，回望这一年的忙碌与奔赴，那些深浅不一的足迹，正是我们奋力向前的最好见 证： 在撒哈拉沙漠南缘，网优工程师穿梭在44℃高温、红土飞扬的街头，厘清网络症结； 在大西洋的七级风浪中，光网专家克服严重晕船，和客户一起定位故障、恢复通信； 在海拔4300米的雪域高原，服务团队缺氧不缺精神，冒着零下15℃的严寒调试光储系统，把绿色电源送入千家万 户； 在凌晨4:30的客户机房，抓住业务流量最小的间隙，研发团队奋战30天的技术方案紧急切换上线； 鸿蒙生态工程师与伙伴一起披星戴月，从第一单外卖、第一条笔记、第一次出行开始，持续提升用户体验； 手语工程师克服专业术语挑战，解决听障用户的售后难题，为他们架起无声的桥梁； 制造工匠深入钻研打螺钉，从小鸡喂食器得到启发，解决了手机微短螺钉供钉器随动打钉技术难题，大幅提升打 钉效率； 支付会计严格遵照公司流程，查授权验文档，以始终如一的匠心，守万亿支付零损失； …… 过去这一年，每一滴汗水都值得称颂！ 我们助力运营商建设5G-A网络，为6000万用户提供极速网络联接体验； 这就是我们在2025年的点滴片段，在世界的每个角落，我们用坚韧克服困难，用专业创造 ...

Core Insights - The company reflects on its achievements in 2025, highlighting significant contributions to various sectors, including telecommunications, AI, and green energy [1][7][8] - The company emphasizes the importance of intelligent transformation as a long-term strategic opportunity, driven by advancements in AI and connectivity [2][9] - The company outlines its strategic focus for 2026, aiming to enhance industry-specific solutions and foster an open ecosystem for AI development [4][10][11] Achievements in 2025 - The company assisted operators in building 5G-A networks, providing high-speed connectivity to 60 million users [7] - Over 36 million devices running HarmonyOS 5.0 and above were deployed, enhancing user experience [7] - Collaborated with automotive partners to equip over 1.4 million vehicles with smart driving capabilities, accumulating nearly 7 billion kilometers of assisted driving mileage [7] - Developed partnerships with over 6,800 companies and 380,000 developers for the Kunpeng ecosystem, with over 16 million installations of the openEuler operating system [7] - In the AI sector, the company explored applications in healthcare, steel production, and oil and gas, creating new industry value [7] - Produced over 2 trillion kilowatt-hours of green electricity, saving 150 billion kilowatt-hours and reducing emissions by 1.06 billion tons, equivalent to planting 1.45 billion trees [7] Strategic Focus for 2026 - The company aims to strengthen vertical industry operations and leverage its diverse capabilities to facilitate intelligent transformation across various sectors [10] - Plans to build an open ecosystem for Kunpeng and Ascend, enabling partners to develop products that meet diverse industry needs [11] - The company will integrate AI into communication networks, transitioning from connectivity to intelligent connectivity [11] - Emphasis on enhancing consumer experiences through the Harmony ecosystem and improving AI experiences for end-users [11] - The company intends to reconstruct AI data centers to maximize output efficiency and enhance charging experiences through liquid cooling technology [11]

Core Viewpoint - The company emphasizes the importance of embracing the wave of intelligent transformation as a long-term strategic opportunity, highlighting that past successes do not guarantee future achievements and that victory belongs to those who dare to confront challenges and engage in self-criticism [1][8]. Group 1: Strategic Focus - The company is committed to deepening its industry vertical operations and leveraging its diverse capabilities to empower various sectors [7]. - A focus on building an open-source ecosystem around its Kunpeng and Ascend technologies aims to meet the diverse needs of different industries [7]. - The "water strategy" is designed to enhance pipeline flow, integrating AI into communication networks to transition from connectivity to intelligent connectivity [7]. Group 2: Technological Advancements - The company is advancing AI technology integration with industry knowledge, shifting from isolated efficiency improvements to enhancing core business operations [6]. - The development of AI data centers is aimed at maximizing output efficiency, ensuring that every watt generates more tokens [7]. - Innovations such as liquid cooling and ultra-fast charging are being implemented to provide high-quality charging experiences wherever needed [7]. Group 3: Ecosystem Development - The company has successfully assisted operators in building 5G-A networks, providing high-speed connectivity to 60 million users [4]. - The HarmonyOS ecosystem has accelerated from being merely usable to highly functional, with 36 million users benefiting from improved experiences [4]. - Collaborations with automotive partners have led to the installation of intelligent systems in over 1.4 million passenger vehicles, enhancing safety and driving experiences [4]. Group 4: Commitment to Sustainability - The company has produced over 20 trillion kilowatt-hours of green electricity, equivalent to planting 1.45 billion trees, showcasing its commitment to sustainability [5]. - The company aims to explore AI applications in various sectors, including healthcare, steel production, and oil and gas exploration, to drive efficiency and innovation [5].