Lenovo Group's performance in the first quarter of the 2024/25 fiscal year, as reported today, has been impressive. As of June 30, 2024, the company's revenue reached 111.9 billion RMB, a 20% increase compared to the same period last year. Under non-Hong Kong financial reporting standards, the net profit was close to 2.3 billion RMB, marking a significant year-on-year increase of 65%. Additionally, revenue from non-PC businesses accounted for a record 47% of the total.
In the personal computer market, Lenovo's global market share is close to 23%, with an operating profit margin of 8.8%, and the proportion of high-end product lines has risen to 31.6%. According to the latest data from Canalys, Lenovo's AI PC shipments saw a remarkable sequential growth of 228%.
Meanwhile, Yang Yuanqing, Chairman and CEO of Lenovo Group, emphasized the vision of hybrid artificial intelligence, believing it to be the coexistence and complementarity of public, personal, and enterprise AI. He pointed out that AI PC is just the starting point for Lenovo in the field of hybrid AI, with the ultimate goal of creating intelligent entities for individuals and businesses, enhancing productivity, and protecting data privacy and security.
Yang also mentioned that with the advent of the hybrid AI era, traditional ecosystems and industry landscapes will change, providing Lenovo with significant opportunities. Lenovo has a full-stack AI product portfolio and cross-device, cross-platform user experiences, giving it the advantages and conditions to play a leading role. Furthermore, Lenovo's global advantages, particularly through strategic collaborations with Alat, will strengthen the company's international supply chain and flexibility in fund usage, helping it seize the digital and intelligent growth opportunities in the Middle East.