Core Viewpoint - The company is positioned as a core partner of Huawei, focusing on the development of the HarmonyOS ecosystem and AI computing capabilities, which are expected to drive revenue recovery and growth in the coming years [1][2]. Group 1: Business Strategy and Growth - The company anchors its strategy on the "1+3" business matrix, which includes cloud intelligence, HarmonyOS, MetaERP, and computing power, aiming to build a unique ecological position in the wave of self-reliance and AI industrialization [1]. - The company has contributed over 4.85 million lines of code to the open-source HarmonyOS, ranking second in the community, and has developed over 6,000 native applications covering six major industries [1][2]. - The first HarmonyOS PC is set to launch in May 2025, with over 150 dedicated applications and 2,000 integrated ecological applications already adapted [2]. Group 2: AI Development and Market Position - The company positions itself as a "computing power operator + Agent implementer" in the AI sector, operating multiple Ascend intelligent computing centers across cities to enhance utilization through computing power scheduling and model optimization [2]. - The AI business covers the entire stack from cloud to edge, with expectations that AI-related value-added service revenue will become a new growth engine by 2025 [2]. - The company has launched the DeepSeek integrated machine in collaboration with Huawei, combining Ascend computing power with large model capabilities, targeting sectors such as government and finance [2]. Group 3: Financial Projections - Revenue projections for the company are estimated at 17.8 billion, 19.46 billion, and 22.14 billion yuan for the years 2025, 2026, and 2027, respectively, with net profits attributed to ordinary shareholders expected to be 610 million, 730 million, and 890 million yuan for the same years [3]. - The company is compared to peers in the Huawei supply chain, with an average PE ratio of 50x for 2025E, and a target market value of 17 billion yuan is set after applying a 56% discount due to its Hong Kong listing [3].

以下文章来源于电厂 ，作者董温淑 电厂 . 探索科技公司的未知，为你充电 5月19日，华为于成都发布首款鸿蒙折叠电脑"MateBook Fold 非凡大师"，鸿蒙笔记本电脑 Matebook Pro，以及首款鸿蒙商用笔记本擎云HM940。 据华为常务董事、终端BG董事长余承东现场宣布，三款新品均搭载最新的HarmonyOS 5，折叠电脑 MateBook Fold 非凡大师定价23999元起；Mate Pro定价为7999元起；擎云HM940定价暂未公布。 至此，鸿蒙系统已于手机、平板、电脑、可穿戴产品、车机及智慧屏等各类生态硬件落地。 2018年，华为Mate 20系列首发搭载鸿蒙安全内核，可视作鸿蒙的首次亮相；从那至今，手机始终 是鸿蒙系统着力攻克的核心场景。 但想要讲好涵盖"办公、运动健康、智家、智行、影音娱乐"的"全场景"故事，PC同样是它不得不迈 过的一道坎。 历时5年 此前约9个月的时间里，华为曾多次预告鸿蒙电脑已在研发过程中。 作者 | 董温淑 来源 | 电厂 导语：从手机、平板、电脑、可穿戴产品、车机及智慧屏等各类生态硬件，如今鸿蒙系统再添 PC场景。 比如2024年9月，余承东曾在央视新闻直 ...

以下文章来源于AGI接口 ，作者丸都山 AGI接口 . AI卷起的财富风暴。 出品 | 虎嗅科技组 作者 | 丸都山 编辑 | 苗正卿 头图 | 视觉中国 5月8日，在鸿蒙电脑技术与生态沟通会上，鸿蒙操作系统首次在电脑端亮相。 该怎么评价这件事的难度呢？一句话总结：从华为这家公司成立之日算起，做的所有创新尝试捏合在一起，可能都比不上这一件事有挑 战。 因为自打Windows成为通用操作系统后，行业里没有出现过任何能动摇其垄断地位的产品，这种绝对的领先地位将各类软硬件与自身牢牢 绑定在一起，无限扩大其生态优势。 即便出现MacOS这种能抢占小部分市场的操作系统，但也注定只能在影音场景中偏安一隅，那么华为能否突破Windows的高墙呢？ 01 鸿蒙电脑，下限很明朗 对于大众来说，华为PC并不让人陌生。 根据第三方调研机构Canalys的统计数据，在2024年中国大陆PC市场中，华为以430万台出货量拿下了11%份额，位列中国市场第二。 作为非核心业务的PC，能够取得这样的成绩，肯定是够用的，那既然能基于Windows系统去开发产品，为什么还要推动鸿蒙PC项目？ 核心原因在于，在手机和IoT设备全面转用鸿蒙操作后， ...

Core Viewpoint - Huawei's introduction of the HarmonyOS on computers represents a significant challenge to the dominance of Windows, which has not been effectively challenged since its inception as a universal operating system [1][2][8]. Market Position - In 2024, Huawei is projected to ship 4.3 million PCs, capturing an 11% market share in mainland China, making it the second-largest player in the market [3]. - The HarmonyOS PC aims to fill a gap in the domestic market for "trusted and controllable" products, particularly in the context of government and enterprise procurement [8][9]. Technical Features - HarmonyOS offers unique features such as distributed soft bus capabilities, enabling high-speed, low-latency data transfer and task collaboration across different devices, which Windows cannot match [4]. - The system has been developed over five years with over 10,000 engineers and more than 2,700 core patents [4]. Product Development - The first hardware platform for HarmonyOS is the new Matebook Pro, which integrates design elements from previous models while introducing a new user interface [11]. - The interface combines elements from both Windows and HarmonyOS mobile systems, aiming to simplify user interactions [11][13]. Software and Hardware Adaptation - Huawei has created an application store for HarmonyOS PCs, with 300 applications already adapted and over 2,000 more in the process [13][15]. - The company is also addressing hardware compatibility by providing drivers for various peripherals, which is crucial for PC users [17]. Competitive Landscape - While HarmonyOS has advantages in AI integration, Windows has a vast library of software that poses a significant challenge for HarmonyOS in the short term [15][20]. - The AI capabilities of HarmonyOS, such as the "image dialogue" feature, are designed to leverage a combination of cloud and local processing, providing a competitive edge [20][22]. Long-term Outlook - The potential for HarmonyOS PCs in the government and enterprise market is strong due to existing demand for domestic products [23]. - Competing with Windows in the consumer market will be a long-term endeavor, likely taking five to ten years to establish a significant presence [24][25]. - User habits and the entrenched nature of Windows as a standard operating system present additional challenges for HarmonyOS [26]. User Base - Since its launch in 2019, HarmonyOS has accumulated 900 million users across smartphones and IoT devices, providing a substantial foundation for the new PC initiative [26].