OpenHarmony is accelerating its exploration of the blue ocean market for IoT operating systems. China Software International is a core technology participant and distribution product supplier, and future commercialization progress is expected to exceed expectations.
The Zhitong Finance App learned that Guotai Junan released a research report stating that it maintains the “increased holdings” rating of China Software International (00354). The 2023-2025 EPS is expected to be 0.3, 0.41, and 0.51 yuan respectively, with a target price of HK$16.
Guotai Junan's main views are as follows:
The company's autonomous operating system has won consecutive awards, demonstrating its leading position in the industry.
At the 2023 Operating System Conference held on December 15, the “Rock Rock Operating System” developed by the company received the “Outstanding Contributor to the OpenEuler Community in 2023” award after a comprehensive evaluation of multi-dimensional indicators such as technology, governance, and ecological construction. Open in 2023, which was held on December 17
At the Atomic Developers Conference, the company and Shenzhen Kaihong exhibited software and hardware products equipped with KaiHongOS, and 12 open source contributors received awards. At the same time, with their outstanding contributions to the OpenHarmony open source ecosystem construction over the past 3 years, the company won the “Open Source Leaders Three-Year Anniversary Cup” and the “Open Source Three-Year Donation Cup”, which is a full recognition of the company's leading position in the construction of the open source ecosystem.
The company is a core technology participant in the two major open source operating systems, and the technical barriers are deep.
In the OpenEuler community, in 2015, the company participated in R&D as one of the earliest outsourcing partners of the Huawei Euler project. After Huawei fully open source Euler in 2019, the company began to contribute code. Up to now, the company has ranked 8th in the number of code merger requests in the OpenEuler community, and the ranking has continued to improve with version updates. In the OpenHarmony community, the company's shareholding company, Shenzhen Kaihong contributed 4.51% of the total code volume to the main stock, making it the second largest code contributor after Huawei. The contribution amount is almost equal to the sum of all contributors other than Huawei. A deep understanding of the source code has created a deep technical barrier for the company to make operating system products.
Domestic operating systems are facing golden development opportunities, and future business development is expected to exceed expectations.
With the complete discontinuation of CentOS on June 30, 2024, the domestic server operating system represented by OpenEuler will usher in broad development opportunities. At the same time, OpenHarmony is speeding up the exploration of the blue ocean market for IoT operating systems. As a core technology participant and distribution product supplier, the company's future commercialization progress is expected to exceed expectations.