Investment Rating - The report maintains an "Overweight" rating for the electronic industry [3][7]. Core Insights - The release of HarmonyOS 6.0 at the Huawei Developer Conference marks a significant upgrade, introducing the Harmony Agent Framework (HMAF) which enhances the integration of applications and intelligent agents [4][6]. - The HMAF platform will support over 50 intelligent agents, enabling developers to create applications that can collaborate and evolve, thus enhancing the AI capabilities within the operating system [4][5]. - The integration of AI at the system level reduces barriers for developers, allowing for seamless incorporation of AI features into existing applications without extensive rewrites [5][6]. Summary by Sections Industry Performance - Over the past 12 months, the electronic industry has shown a relative return of 14.66% compared to the CSI 300 index, with an absolute return of 24.46% [3]. Technological Developments - The HMAF framework allows for the coexistence and collaboration of multiple intelligent agents, marking a significant advancement in edge AI capabilities [6][7]. - The framework is designed to facilitate a wide range of applications, from audio to content creation, enhancing user interaction through natural language processing [4][5]. Investment Recommendations - The report suggests that the ongoing recovery in consumer electronics and advancements in AI technology will sustain high demand for AI infrastructure, leading to hardware upgrades at the edge [6][7]. - Investors are encouraged to focus on opportunities within the Huawei terminal supply chain as the integration of intelligent agents is expected to drive the growth of AI-enabled devices [6][7].