Core Insights - Huawei officially launched HarmonyOS 6 on October 22, enhancing its self-developed operating system with targeted optimizations and innovations over HarmonyOS 5 [1][5] - The number of devices running HarmonyOS 5 has surpassed 23 million, with major internet applications fully adapted and improving rapidly [5] - HarmonyOS aims to provide a unified ecosystem for multi-device and multi-scenario interactions, enhancing user experience through seamless connectivity [5] Summary by Sections - **System Features and Innovations** - HarmonyOS 6 introduces a new HarmonyOS Intelligent Framework (HMAF) for deep integration and collaboration between the system and intelligent agents [6] - The system offers rich interaction points and a unified experience across applications, enhancing user engagement and smart capabilities [6] - **User Experience Enhancements** - The "Xiao Yi" assistant in HarmonyOS 6 can execute complex tasks through simple voice commands, such as editing photos without needing professional software [6][7] - In work scenarios, "Xiao Yi" can organize files and summarize meeting notes in real-time, significantly reducing the time needed for report generation [7] - **Connectivity and Interoperability** - HarmonyOS 6 enhances the "bump to share" feature, with over 60 applications integrated for easy sharing of content across devices [8] - The system allows seamless interaction not only among HarmonyOS devices but also with Apple devices, facilitating quick and lossless content sharing [8] - **Performance and Security Improvements** - The upgrade from HarmonyOS 5 to 6 improves system fluidity by 15%, while previous upgrades saw a 40% increase [8] - The security architecture has been significantly enhanced, providing robust protection from the ground up [8]

Core Insights - The digital economy is rapidly penetrating various sectors, with the digitization of government and enterprise operations becoming an inevitable trend. HarmonyOS 5 is emerging as a core force supporting the digital transformation of government and enterprises due to its secure and controllable foundation and its intelligent, convenient features [1]. Government Sector - The process of HarmonyOS adaptation in government applications has been steadily advancing since the launch of the first provincial-level government office app "Jingban" in November last year. Key provincial government office applications such as "Guizhou Tong" and "Yuezhengyi" have been launched, accelerating the HarmonyOS adaptation across major provinces [3]. - As of now, several provinces including Beijing, Shanghai, Guangdong, and Shandong have completed the adaptation of their government collaborative office applications to HarmonyOS. This includes services for municipalities like "Suishenban Government Cloud" and applications from major economic provinces such as "Shandong Tong" and "Minzhengwu" [3]. Industry Coverage - The adaptation of HarmonyOS in office applications has extended to key industries such as energy, construction, finance, logistics, manufacturing, education, and healthcare, demonstrating its broad applicability and support for digital transformation across various sectors [4]. - In the energy sector, companies like Chuanmei Group and China Petroleum have implemented HarmonyOS applications such as "Smart Chuanmei" and "PetroChina e-Sign" [4]. - In the construction sector, applications like "iChengjian" from Beijing Urban Construction and "Hebei Construction Cloud" have been developed [4]. - The finance sector has seen the introduction of applications like "Fuxing No.1" from Bank of China and "Zhejiang Rural Commercial Bank" [4]. - In logistics, applications such as "Zhongzhi Zhiyun" from China Logistics and "Zhongyou Wangyuan" from China Post have been launched [4]. - The manufacturing industry is represented by applications like "Dongfeng Smart Office" from Dongfeng Motor and "Zhongliang E+" from COFCO [4][5]. - In education, universities like Peking University and Zhejiang University have developed their own HarmonyOS applications [5]. - In healthcare, the "Health Shanxi Doctor Version" from Shanxi Medical University First Hospital is an example of HarmonyOS application [6]. Future Outlook - HarmonyOS 5 is not only providing a secure and controllable digital foundation for various industries but also offering a more convenient and intelligent office experience for numerous government and enterprise institutions. This is driving the digital upgrade and enhancing operational efficiency and service capabilities [6]. - As more government and enterprise applications integrate into the Harmony ecosystem, a more autonomous, secure, and intelligent digital office era is accelerating [6].

Market Overview - The market experienced a collective decline with all three major indices closing lower, and trading volume decreased to 1.6 trillion yuan [1] - There is a mixed sentiment in domestic equity funds, with some capital continuing to focus on leading growth stocks while others rotate back to lower positions [1] Sector Performance - Key sectors showing strength include real estate, home appliances, and banking, with Agricultural Bank of China hitting a new high after 14 consecutive days of gains [1] - The real estate sector continued its upward trend, with Yingxin Development achieving three consecutive daily limits [1] - The power chip concept saw a surge, with Cambrian Technology rising over 7% at one point [1] - Conversely, sectors such as gold and other non-ferrous metals faced significant declines, with Hunan Silver hitting the daily limit down [1] Investment Strategy - Dongfang Securities suggests a short-term index may maintain a fluctuating upward trend, awaiting the resolution of overseas risk disturbances [1] - The "dumbbell strategy" is recommended, focusing on defensive sectors like state-owned enterprise reforms, infrastructure, and consumption, while also targeting technology growth stocks with strong earnings support [1] Future Outlook - Huazhong Securities anticipates that the current phase of adjustment is nearing its end, with a focus on growth as the optimal investment theme moving forward [9] - The report emphasizes the importance of sectors benefiting from a new growth cycle, particularly in AI computing infrastructure and related applications [9] - Shenyuan Hongyuan predicts that the market's effective breakthrough will rely on technology leadership, with a potential for a significant rally in the fourth quarter of 2025 [7]

Core Insights - Huawei officially launched the new HarmonyOS 6 on October 22, initiating large-scale public testing for over 90 device models, marking a new phase of "deep co-construction and joint innovation" with ecosystem partners [1][2] - HarmonyOS has evolved into one of the world's three major mobile operating systems since its inception in 2015, with over 23 million devices now running HarmonyOS 5, which achieved complete autonomy from open-source code [1] Group 1 - HarmonyOS 6 features significant optimizations and innovations in architecture and system characteristics, enhancing the foundational experience and enriching ecosystem applications [2] - The initial rollout includes over 80 HarmonyOS application smart agents across various sectors such as education, healthcare, entertainment, and daily services, providing functionalities like travel planning and food delivery [2] - The "Super Assistant" in HarmonyOS 6 supports 16 dialects and offers features like one-sentence photo editing and assistance for visually impaired users [2] Group 2 - HarmonyOS 6 improves performance and battery life across multiple device categories, delivering a smoother user experience with faster application launch, page switching, and content loading speeds [2] - Enhanced performance in high-frequency scenarios such as split-screen usage, video recording, long gaming sessions, and high-definition live streaming is also a key feature of HarmonyOS 6 [2]

Core Insights - Huawei's Executive Director and Chairman of the Terminal BG, Yu Chengdong, announced that the number of devices running HarmonyOS 5 has surpassed 23 million [1] Group 1 - The launch event for HarmonyOS 6 took place on October 22 [1] - The significant growth in HarmonyOS 5 device count indicates strong market adoption [1]

Core Viewpoint - The recent announcement by the Ministry of Commerce, which utilized the WPS format for the first time, is interpreted as a signal for accelerated domestic software replacement, leading to a strong performance in the A-share domestic software sector [1][3][6]. Market Performance - On October 13, the overall A-share market showed volatility, while the domestic software sector surged, with stocks like Yingjian Technology and China Software hitting the daily limit, and several others, including Rongji Software and Chengmai Technology, rising over 8% [1][4]. - The software ETF (159852) increased by 1.07% on the same day, with a high turnover rate of 18.36% and a transaction amount of 1 billion yuan, reflecting growing market enthusiasm for the software sector [3]. Sector Analysis - The software sector's rise exhibited significant structural characteristics, with different segments performing distinctly. China Software, a core operating system provider, closed at the daily limit, boosting the domestic operating system supply chain [4]. - In the office software segment, Kingsoft Office saw an 8.32% increase, ranking as the second-highest gainer among the top ten weighted stocks in the CSI Software Service Index [4]. - Other segments like industrial software and cybersecurity also showed positive performance, with companies like Haocen Software and Zhongfu Information recording gains [4]. Fundamental Support - The software and information technology service industry has shown a positive operational trend, with software business revenue reaching 96,409 billion yuan, a year-on-year increase of 12.6%, and total profits growing by 13.0% [8]. - The Ministry of Industry and Information Technology reported that software business exports reached 404.4 billion USD, reflecting a 6.4% year-on-year growth [8]. Strategic Implications - The use of WPS format in official documents is seen as a significant endorsement for domestic office software, indicating a shift towards self-sufficiency and technological breakthroughs in the industry [6][7]. - The domestic software industry is experiencing a historical transition from "usable" to "user-friendly," with local vendors becoming competitive against international giants in terms of capability and cost [9]. Future Outlook - The policy environment is favorable for the development of domestic software, with increasing demand for self-sufficiency and security driving growth in industrial software and computing power sectors [12]. - The upcoming bidding opportunities in the domestic software market are expected to accelerate development, particularly in light of potential increased technology sanctions from the U.S. [12].

Core Viewpoint - The article highlights how Huawei's HarmonyOS 5 has become an essential tool for young people during their holidays, enhancing their travel and leisure experiences through various applications and services [3][63]. Group 1: Holiday Activities - During the National Day and Mid-Autumn Festival holiday, many young people chose to travel, while 50% also spent time at home, with 21.1% dedicating time to study [11][12]. - Different industries showed varied holiday preferences: the education sector favored international travel, while finance professionals were more likely to work during the holiday [13]. - Nearly 50% of respondents used Huawei themes to set festive wallpapers, and 40% created holiday wish lists [14][15]. Group 2: Travel Preferences - Among young travelers, 67.3% preferred city tours, followed by 53.4% for scenic tours and 46.2% for cultural tours [20]. - 70% of young people utilized the AI assistant "Xiao Yi" for travel planning, with 60% frequently consulting it for local knowledge and recommendations [21][22]. - The article notes that 50% of respondents had international travel experience, with 5.8% planning future trips [28]. Group 3: Overcoming Travel Barriers - Common barriers to international travel included language barriers (76.9%) and difficulty understanding maps (65.4%) [30]. - Huawei's "Tianji Tong" service helped 69.2% of respondents overcome internet connectivity issues abroad [30]. Group 4: Home Activities - During the holiday at home, 88.5% of young people prioritized sleep, while 78.9% watched shows and movies [41]. - Different professions showed distinct preferences for home activities, with finance professionals favoring video streaming and internet workers exploring new apps [43][44]. Group 5: Work and Study - One-third of young people continued to work or study during the holiday, with many using HarmonyOS 5 to enhance productivity [49]. - The AI assistant "Xiao Yi" was utilized by 70% of working respondents for task management and reminders [53]. Group 6: Future Prospects - Huawei is promoting the HarmonyOS developer incentive program to encourage the development of applications, games, and services, aiming to expand the Harmony ecosystem [64].

Core Viewpoint - Eudic Dictionary has launched its HarmonyOS version to enhance user experience for foreign language translation and learning during the National Day holiday, catering to travelers and language learners [1] Group 1: Product Features - Eudic Dictionary is designed as an essential tool for English learners, featuring fast startup and comprehensive functionality, covering needs from querying and translating to learning and error correction [1][2] - The application supports multiple languages including English, French, German, Japanese, and Korean, and offers practical features such as word search, photo translation, vocabulary notes, and word learning [3] - It includes a vast vocabulary database with 300,000 common English-Chinese entries, 400,000 specialized entries, and 1.78 million example sentences, while allowing users to download specialized dictionaries in fields like medicine, economics, engineering, and computer science [3] Group 2: AI Integration and User Experience - Eudic Dictionary integrates AI with translation, simultaneous interpretation, error correction, and speaking practice, creating a smarter communication and learning experience [3] - The launch coincides with the National Day holiday, encouraging HarmonyOS 5 users to utilize Eudic Dictionary for seamless language communication during their travels [3] - The number of HarmonyOS 5 devices has surpassed 20 million, with ongoing upgrades to various applications, including the addition of high-quality applications like Eudic Dictionary, enhancing mobile learning and cross-language communication [3]

Core Viewpoint - The recent appointment of Yu Chengdong as the head of Huawei's Product Investment Review Board (IRB) is seen as a strategic move to strengthen the company's focus on artificial intelligence (AI) and core business breakthroughs [5]. Group 1: Leadership Changes - Yu Chengdong has been appointed as the director of the Product Investment Review Board, a decision personally signed by Ren Zhengfei [1]. - Yu Chengdong continues to serve as Huawei's Executive Director and Chairman of the Terminal BG, overseeing Huawei's terminal and HarmonyOS-related businesses [2]. Group 2: Strategic Focus - Analysts view the leadership change as a significant step in Huawei's AI strategy and its commitment to core business development [5]. - Huawei's report "Intelligent World 2035" predicts a rapid arrival of an intelligent world, with over 90% of Chinese households expected to own smart robots, leading to immersive technological transformations in home environments [5]. Group 3: Product Milestones - On September 29, Yu Chengdong announced that the number of HarmonyOS 5 terminal devices has surpassed 20 million, achieving the milestone of 10 million devices in just two months after reaching the first 10 million [5]. Group 4: Role of the Product Investment Review Board - The Product Investment Review Board (IRB) is a key decision-making body within Huawei, responsible for evaluating resource allocation for major strategic directions, project approvals, and budget assessments [7]. - The IRB aims to ensure efficient resource allocation towards core strategic goals, providing precise support and decision-making for business development [7].

Core Insights - Huawei appointed Yu Chengdong as the head of the Product Investment Review Board (IRB), a move seen as a strategic focus on artificial intelligence (AI) and core business breakthroughs [1] - The IRB is a key decision-making body within Huawei, responsible for evaluating resource allocation for major strategic directions, project approvals, and budget assessments [1] Group 1 - Yu Chengdong remains the Executive Director and Chairman of the Terminal BG, overseeing Huawei's terminal and HarmonyOS business [1] - Huawei's report "Intelligent World 2035" predicts a rapid arrival of an intelligent world, with over 90% of Chinese households expected to own smart robots, leading to immersive technological transformations in home environments [1] - On September 29, Yu announced that HarmonyOS 5 terminal devices surpassed 20 million, achieving the milestone from 10 million to 20 million in just 2 months, compared to nearly 10 months for the first 10 million [1] Group 2 - Yang Chaobin currently serves as the head of the Product Investment Review Board and has held various leadership roles within Huawei since joining in 1998 [2] - At the Huawei Connect 2025 event, Yang emphasized the explosive growth in computing power demand in the intelligent era, highlighting the need for continuous innovation in computing system architecture [2]