Core Insights - Huawei's management has appointed Yu Chengdong as the Chairman of the Product Investment Review Board while he continues to serve as Executive Director and Chairman of the Terminal BG [1][5] - The main mission of the Investment Review Board is to evaluate and control key decisions regarding resource allocation, project initiation, and budget approval to ensure resources are efficiently directed towards core strategic goals [5] Group 1 - Yu Chengdong's background includes various leadership roles at Huawei since joining in 1993, including CEO of the Terminal BG and Chairman of the Smart Car Solutions BU [1] - The appointment of Yu Chengdong as IRB Chairman aims to lead Huawei in winning the critical battle in artificial intelligence (AI) and achieving a global leading position [5] - Huawei's recruitment efforts include a call for top global AI talent to build a world-class AI team and develop leading large models, with a focus on reaching the pinnacle of AGI [5][6]

Investment Rating - The report does not explicitly state an investment rating for the industry or specific company Core Insights - Huawei's Mate XTs features a tri-fold design and aims to position itself as a mobile creation tool that can partially replace ultra-thin laptops and tablets, enhancing multitasking efficiency and user experience [2][8] - The integration of HarmonyOS and NearLink technologies creates a high ecosystem barrier, making it difficult for competitors to replicate Huawei's seamless cross-device connectivity and low-latency interaction [3][9] - Huawei's strategy focuses on high-end flagship products to set technological benchmarks while driving volume through mid-to-high-end devices, with expectations of technology cascading down to enhance competitiveness [4][10] Summary by Sections Event Overview - On September 4, Huawei launched the Mate XTs and other flagship products, reinforcing its ecosystem centered on HarmonyOS and all-scenario integration, with the Mate XTs starting at RMB 17,999 and featuring a 10.2-inch flexible OLED display [1][7] Product Innovation - The tri-fold design of the Mate XTs introduces higher demands on hinge precision and battery life, while providing a near-10-inch tablet experience, potentially resetting the value benchmark for high-end foldables [2][8] Ecosystem Development - Huawei's product matrix leverages seamless connectivity and low-latency interactions, enhancing user collaboration and creating a high barrier for competitors [3][9] Business Strategy - Huawei adopts a strategy of "high-end sets the bar, mid-to-high end drives volume," with flagship products serving as technology beacons while mass-market devices remain the core of market share and profit [4][10]