Core Insights - Huawei's HarmonyOS 5.0 devices have surpassed 10 million units, marking a significant milestone in the ecosystem development [1][3] - The company acknowledges the collective effort of China's tech industry in overcoming challenges and achieving this breakthrough [1] Group 1 - Huawei's smartphone shipments have fluctuated significantly, with a peak of 240 million to 250 million units annually before sanctions, dropping to just over 20 million units during the most challenging times [3] - The company has seen a recovery in market confidence, which has contributed to the perception of being "far ahead" in certain areas [3] - The achievement of over 10 million HarmonyOS devices is viewed as a critical turning point, indicating that the company has passed a "life-and-death line" in its ecosystem development [1][3] Group 2 - The company emphasizes the importance of collaboration with application development partners to continue improving and expanding the ecosystem [3] - Huawei's past experiences with sanctions have shaped its cautious approach to making bold claims about market leadership [3]

Investment Rating - The industry investment rating is maintained at "Overweight" [2][8] Core Insights - Huawei launched its first tablet featuring HarmonyOS 5.0, marking a significant expansion of the native Harmony ecosystem [4][6] - The new Huawei MatePad Pro 12.2-inch (2025 version) showcases a 30% increase in overall performance and a 20% improvement in operational smoothness compared to previous models without HarmonyOS [5][6] - The tablet is positioned as a high-end device for productivity and creativity, with multiple AI features and a comprehensive upgrade in hardware and software [6][7] Summary by Sections Industry Performance - The electronic industry has shown a recovery trend since 2025, with strong demand for AI infrastructure and hardware upgrades driven by advancements in AI technology [7][14] Product Launch - Huawei's MatePad Pro 12.2-inch (2025 version) is the first to come pre-installed with HarmonyOS 5.0, enhancing its software ecosystem and capabilities [4][6] - The tablet supports various AI functionalities, including intelligent split-screen and real-time handwriting adjustments, making it suitable for diverse use cases [5][6] Investment Opportunities - The report highlights investment opportunities in AI infrastructure and edge-side System on Chip (SoC) sectors, with specific companies recommended for attention, such as Cambricon, Chipone, and Aojie Technology [8][14]