Lenovo Group's second-quarter performance is promising: AI is driving future development

Lenovo Group's second-quarter performance is promising: AI is driving future development

Lenovo Group's second-quarter performance is promising: AI is driving future development

In today's BaiduTech news, the recent interview of Lenovo Group has drawn widespread attention, especially when talking about the AI bubble and its application prospects in the future. The chairman and CEO Yang Yuanqing expressed a clear viewpoint that AI is not a bubble and firmly believes that Lenovo will definitely succeed in this field.

It is understood that as of June 30, 2024, the financial results for the first quarter of the 2024/2025 fiscal year have been released by Lenovo Group. According to the financial data, the revenue in this quarter reached RMB 111.9 billion, increased by 20% year-on-year, indicating Lenovo Group's continued leadership in the market. More noteworthy is that, according to non-Hong Kong financial reporting standards, the net profit for this quarter was nearly RMB 2.3 billion, increased significantly by 65% year-on-year. In addition, the proportion of PC-related business outside the company reached nearly 47%, fully demonstrating the strategic layout in expanding other fields.

Regarding the future development of Lenovo Group, Yang Yuanqing explicitly stated, "Lenovo is committed to this direction and will not make a mistake. We are quite satisfied with the performance of group revenue and are delighted at the phenomenon of all businesses growing. In addition, he also mentioned that Lenovo's goal is not just to pursue current rapid growth but to achieve greater development in the future."

In terms of the development strategy for this year, Yang Yuanqing clearly stated that Lenovo aims to increase its shipment ratio in both the Chinese market and global markets. He mentioned that the target by the end of the year is to achieve an AIPC shipment ratio of 10% in the Chinese market and achieve a 25% share in the global market by the next year. Moreover, Lenovo has also indicated that its growth in the mobile phone business is not unexpected, and it will continue to prioritize a high-end product development strategy.

When discussing the future strategies of Lenovo, Yang Yuanqing mentioned that he has specifically emphasized the company's strategies in foldable screen phones and smartphones. He said that Lenovo will continue to consolidate its existing market share in the North American market while intensifying its offensive efforts in Europe and the Asia Pacific. Additionally, he mentioned that Lenovo intends to continue increasing R&D investment and improve product competitiveness. In addition, he also mentioned the positive performance and market share ranking of Lenovo Razr foldable screen phones in the US market.

In summary, Lenovo faces current and future challenges with a firm determination and ambitious aspirations. Yang Yuanqing's statement undoubtedly injects great confidence and impetus into the future development of Lenovo. In the future, we have reason to believe that Lenovo will continue to make greater breakthroughs and development in the field of artificial intelligence.