As of September 30, 2024, Lenovo Group reported a 22% year-on-year increase in revenue to $33.3 billion, with net profit attributable to equity holders increasing by 41% to $0.602 billion. The gross margin decreased by 1.4 percentage points to 16.1%, mainly due to lower profit margins in the infrastructure solutions business group. The company announced an interim dividend of HK$0.085 per share. Management pointed out that the revenue growth mainly came from double-digit growth in the Smart Devices Business Group and Solutions Services Business Group. The Smart Devices Business Group saw a 15% increase in revenue, while the Infrastructure Solutions Business Group saw a 65% increase in revenue. The Solutions Services Business Group saw a 12% revenue increase, benefiting from demand for "as a service" and AI-driven...Show More

As of September 30, 2024, Lenovo Group reported a 22% year-on-year increase in revenue to $33.3 billion, with net profit attributable to equity holders increasing by 41% to $0.602 billion. The gross margin decreased by 1.4 percentage points to 16.1%, mainly due to lower profit margins in the infrastructure solutions business group. The company announced an interim dividend of HK$0.085 per share. Management pointed out that the revenue growth mainly came from double-digit growth in the Smart Devices Business Group and Solutions Services Business Group. The Smart Devices Business Group saw a 15% increase in revenue, while the Infrastructure Solutions Business Group saw a 65% increase in revenue. The Solutions Services Business Group saw a 12% revenue increase, benefiting from demand for "as a service" and AI-driven solutions. Management emphasized that AI investments and business recovery are key drivers of growth. Looking ahead, Lenovo will continue to drive the development of AI technology and strengthen its leadership position in infrastructure and services. The company plans to enhance profitability by expanding its recurring revenue base and optimizing supply chain management. Management stated that they will continue to monitor changes in market demand, take measures to address potential risks, and ensure stable business growth.