国信证券指，基础设施方案业务集团收入同比高增。受AI需求拉动，叠加公司在液冷领域核心优势(Neptune方案)，公司基础设施方案业务快速增长，2025财年第二财季实现收入33.05亿美元，同比升65.1%、按季升4.6%;经营方面，2025自然年有望实现盈利。Guosen Securities expects Lenovo Group's revenue for the fiscal years 2025 to 2027 to be 66 billion, 71.9 billion, and 76.7 billion RMB, respectively.
According to the financial news app, Guosen Securities released a research report stating that Lenovo Group (09992) is a global leader in AI PCs, with continuous growth in smart phone and server businesses, maintaining an 'outperform the market' rating, raising revenue forecasts, expecting revenues of 66 billion, 71.9 billion, and 76.7 billion RMB for the fiscal years 2025 to 2027, with year-on-year growth rates of 16%, 9%, and 7%; considering the decline in gross margin due to changes in product structure, profit forecasts were lowered to 1.25 billion, 1.39 billion, and 1.578 billion RMB.
Lenovo Group continues to focus on AI, integrating AI deeply into its own products. According to the company's financial disclosures, in the second quarter of the 2025 fiscal year, artificial intelligence computers (with five major features, including equipped with AI assistants) accounted for 14% of laptop shipments in China, and the penetration rate of AI PCs is rapidly increasing; smart phones are experiencing rapid growth in the Asia Pacific region, Europe-Middle East-Africa, and North American markets. The company's Motorola smart phones achieved double-digit year-on-year growth, and foldable screen phones are tapping into the high-end market.
Guosen Securities pointed out that the business group's revenue from infrastructure solutions saw a significant year-on-year increase. Driven by AI demand and the company's core advantages in the liquid cooling field (Neptune solution), the company's infrastructure solutions business is growing rapidly, achieving revenue of 3.305 billion US dollars in the second quarter of the 2025 fiscal year, a 65.1% year-on-year increase and a 4.6% increase from the previous quarter; operationally, the company is expected to achieve profitability in the 2025 calendar year.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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