2月22日，联想集团(00992)公布第三财季业绩，整体营收1136亿人民币，同比增长3%，净利润近26亿人民币，盈利能力连续两个季度实现环比改善。 其中，SSG业务表现抢眼，具体来看，支持服务的收入同比增长7%，主要归功于渗透率上升以及Premier Support和Premier Support Plus的服务订单量创新高。运维服务受惠于装置即服务及基础设施即服务解决方案的强劲需求，收入同比增长26%。基础设施即服务的总合约价值同比增加逾80%，支持长期增长轨迹。 联想集团表示，今年上半年，公司计划推出Care-of-One、智能可持续发展解决方案顾问(L.I.S.S.A)、网络安全即服务(CRaaS)等满足客户需求的AI解决方案。此外，联想正在与英伟达紧密合作，提供 AI 专业服务，帮助客户快速部署混合AI解决方案。 SSG方案服务业务集团于第三财政季度赢得迄今为止最大的TruScale基础设施即服务订单和第三财季最大的资产恢复服务订单。此外，联想的全球足迹大大加强其运维服务能力，令方案服务业务集团成为国际公司及计划向海外扩张业务的企业之首选。项目与解决方案服务的收入同比增长5%，主要得益于各垂直领域对 ...

Revenue Growth and Performance - Revenue increased by 9% quarter-on-quarter to $15.7 billion, marking the first year-on-year growth in the past year and a half[4][6] - Intelligent Devices Group revenue grew by 7% year-on-year and quarter-on-quarter, with a leading profitability of 7.4%[4] - Solutions and Services Group achieved a record revenue of over $2 billion, with a strong operating margin of 20.4%[4] - Infrastructure Solutions Group revenue increased by 24% quarter-on-quarter, with losses narrowing to $38 million[4] - Non-PC business accounted for 42% of total revenue across all business groups, reflecting successful diversification[6] - The company's service-led transformation achieved a milestone with the Solutions and Services Group contributing 12% and 32% to total revenue and profit, respectively[8] - The Intelligent Devices Group saw a 7% YoY increase in revenue and operating profit, with a global market share of 24% in PCs and 27% in commercial PCs[9] - Non-PC sales accounted for 21% of the Intelligent Devices Group's revenue, growing over 4 percentage points YoY, driven by strong smartphone sales in North America, EMEA, and Asia[10] - The Infrastructure Solutions Group recorded a 24% QoQ revenue growth for the second consecutive quarter, with storage, services, and software combined revenue exceeding $1 billion for the first time[11] - The Solutions and Services Group achieved record revenue of $2 billion and operating profit of $412 million, with a strong operating margin of 20.4%[12] - EMEA market revenue grew 20% YoY, driven by a rebound in PC demand and strong smartphone performance in certain countries[13] - APAC (excluding China) revenue increased 7% YoY, supported by a strong recovery in commercial PC sales, particularly in Japan[13] - Americas revenue grew slightly by 1% YoY, with strong performance in gaming laptops and premium smartphones offset by a decline in the Infrastructure Solutions Group[13] - China revenue declined 10% YoY, but the decline narrowed significantly compared to the previous quarter, with a double-digit growth in the Solutions and Services Group[14] - Revenue for the nine months ended December 31, 2023, was $43.031 billion, a 13% decrease year-over-year[18] - Total revenue for the nine months ended December 31, 2023, was $43.03 billion, a decrease from $49.31 billion in the same period last year[24] - Total sales for the three months ended December 31, 2023, were approximately $15.72 billion, a 3% increase from $15.27 billion in the same period last year[25] - Revenue for the nine months ended December 31, 2023, was $49.312 billion, with a gross profit of $8.358 billion[45] - Revenue from the Intelligent Devices Business Group was $34.14 billion, down from $39.58 billion in the previous year[58] - Revenue from the Infrastructure Solutions Business Group was $6.39 billion, compared to $7.56 billion in 2022[58] - Revenue from the Solutions and Services Business Group increased to $5.65 billion from $5.01 billion in 2022[58] - Revenue from China decreased to $9.91 billion from $12.42 billion in 2022[58] - Revenue from the Americas was $14.84 billion, down from $16.80 billion in 2022[58] - Revenue recognized at a point in time was $40.82 billion, compared to $47.45 billion in 2022[59] Profitability and Margins - Net income attributable to equity holders grew by 35% quarter-on-quarter, but decreased by 23% year-on-year due to a high base effect[4][6] - The company's net profit for the quarter was $337 million, down 23% YoY but up 35% QoQ, with the Intelligent Devices Group's profit margin increasing by 5 basis points to 7.4%[8] - Gross profit margin increased by 0.2 percentage points to 17.1% for the nine months ended December 31, 2023[18] - Net profit attributable to equity holders decreased by $731 million to $763 million for the nine months ended December 31, 2023[18] - Basic and diluted earnings per share were 6.38 cents and 6.09 cents, respectively, a decrease of 6.19 cents and 5.59 cents year-over-year[18] - Net profit attributable to equity holders for the three months ended December 31, 2023, was $337 million, down from $437 million year-over-year[25] - Gross margin for the three months ended December 31, 2023, decreased to 16.5%, down 0.6 percentage points from 17.1% in the same period last year[25] - Basic and diluted earnings per share for the three months ended December 31, 2023, were $0.0281 and $0.0264, respectively, down from $0.0365 and $0.0344 in the same period last year[25] - Net profit for the three months ending December 31, 2023, was $376.813 million, a decrease from $481.943 million in the same period last year[46] - Net profit attributable to equity holders for the nine months ended December 31, 2023, was $1.494 billion[45] - Basic earnings per share for the nine months ended December 31, 2023, was 12.57 cents[45] - Operating profit for the nine months ended December 31, 2023, was $2.378 billion[45] - The company's pre-tax profit for the nine months ended December 31, 2023, was $1,056,789 thousand, a decrease from $2,005,566 thousand for the same period in 2022[95] Financial Expenses and Debt Management - Financial expenses were reduced by $16 million quarter-on-quarter and $10 million year-on-year through prudent debt management[7] - Financial expenses increased by 22% year-over-year, primarily due to a $144 million increase in factoring costs, partially offset by a $23 million decrease in bank loan and overdraft interest and a $7 million decrease in convertible bond interest[21] - Financial expenses decreased by 6% year-over-year, primarily due to a $6 million reduction in convertible bond interest and a $9 million reduction in note interest, partially offset by a $9 million increase in factoring costs[27] - The company has a revolving loan facility of $2 billion issued on July 4, 2022, with a 5-year term[39] - Trade credit facilities available as of December 31, 2023, amounted to $3.872 billion, with $2.026 billion utilized[40] - The company's outstanding notes and convertible bonds as of December 31, 2023, include $965 million in 2025 notes with a 5.875% interest rate[41] - Net debt position as of December 31, 2023, was $88 million, compared to a net cash position of $366 million as of March 31, 2023[42] - The company's forward foreign exchange contracts outstanding as of December 31, 2023, totaled $10.373 billion[43] - The company's financial expenses for the nine months ended December 31, 2023, were $562,256 thousand, an increase from $460,046 thousand for the same period in 2022[95] - Total financing liabilities decreased from $4,359.35 million as of March 31, 2023, to $4,002.85 million as of December 31, 2023, reflecting a reduction of $356.5 million[96] - Short-term loans decreased from $57.03 million to $46.39 million, a reduction of $10.64 million[96] - Convertible bonds (current) significantly decreased from $214.58 million to $10.71 million, a reduction of $203.87 million[96] - Lease liabilities (current) decreased from $123.72 million to $119.02 million, a reduction of $4.7 million[96] R&D and Innovation - R&D investment as a percentage of revenue is expected to reach its highest level in the 2023/24 fiscal year[4][7] - The company showcased over 40 new AI devices and solutions at CES 2024, advancing its "AI for All" vision[15] - The company is focusing on AI innovation in devices, expanding from hardware to components and software, including AI Core chips and AI Now solutions[15] - The Infrastructure Solutions Group is leveraging hybrid AI trends, with a diversified and balanced participation in public and private clouds[16] - The company is expanding its service business, particularly its TruScale as-a-service portfolio, to address hybrid work, multi-cloud management, and cybersecurity challenges[17] ESG and Sustainability - The company was recognized as an EPEAT Climate+™ Champion for integrating climate considerations into over 400 products[7] - The company is committed to achieving net-zero emissions by 2050 and integrating innovative ESG features like carbon offset services into its service business[17] Awards and Recognition - The company won 105 product awards at CES 2024, including 61 awards for the ThinkBook Plus Gen 5 Hybrid[7] Operational Efficiency and Cost Management - Operating expenses decreased by 2% year-over-year, with reductions in advertising and promotional expenses by $54 million and R&D-related lab testing, services, and supply expenses by $52 million[20] - Operating expenses increased by 7% year-over-year, with an additional $26 million spent on advertising and promotional activities for new product launches and special events[26] - Strategic investment fair value gains amounted to $25 million, compared to $74 million in the previous year, reflecting changes in the value of the investment portfolio[26] - Net trade receivables impairment provision was $12 million, compared to a reversal of $13 million in the previous year, indicating a reassessment of bad debts[26] - Net foreign exchange loss was $15 million, compared to $1 million in the previous year, due to currency fluctuations[26] Cash Flow and Liquidity - Operating cash flow decreased to $1,467.7 million from $2,557.0 million in the previous year, a decline of 42.6%[49] - Net cash used in investing activities was $1,033.1 million, compared to $1,601.0 million in the prior year, a decrease of 35.5%[49] - Net cash used in financing activities was $1,181.6 million, a significant shift from net cash generated of $315.4 million in the previous year[49] - Cash and cash equivalents decreased by $747.0 million, compared to an increase of $1,271.4 million in the prior year[49] - Interest paid increased to $548.3 million from $406.3 million, a rise of 34.9%[49] - Taxes paid increased to $396.5 million from $262.9 million, a rise of 50.7%[49] - Proceeds from issuance of convertible bonds were $6,728.4 million, compared to $9,768.1 million in the previous year[49] - Repayment of borrowings was $6,740.3 million, compared to $9,750.9 million in the prior year[49] - Cash and cash equivalents at the end of the period were $3,466.2 million, down from $5,018.9 million in the previous year[49] - Exchange rate impact on cash and cash equivalents was a loss of $36.9 million, compared to a loss of $182.7 million in the prior year[49] - The company's operating cash flow for the nine months ended December 31, 2023, was $2,412,502 thousand, compared to $3,226,210 thousand for the same period in 2022[95] Acquisitions and Investments - The company completed the acquisition of Lenovo Leasing Co., Ltd. for approximately $124 million on July 7, 2023[98] - The company acquired certain assets and assumed certain liabilities from FCNT Corporation for approximately $14 million on September 29, 2023, to accelerate smartphone business growth in Japan[98] - Lenovo Leasing and FCNT businesses contributed $20 million and $8 million respectively to the group's revenue for the nine months ended December 31, 2023[99] - Lenovo Leasing contributed $0.8 million in pre-tax profit, while FCNT business incurred a pre-tax loss of $4.5 million for the nine months ended December 31, 2023[99] - The goodwill from business combinations was calculated at $18.2 million, with Lenovo Leasing contributing $9.613 million and FCNT contributing $8.587 million[99] - The total identifiable net assets acquired were valued at $119.262 million, with Lenovo Leasing at $113.934 million and FCNT at $5.328 million[99] - The group incurred $2 million in acquisition-related costs, recorded in administrative expenses and operating cash flows[100] - The company purchased 291,517,600 shares for employee incentive plans during the nine months ended December 31, 2023[101] Corporate Governance and Compliance - The audit committee reviewed the unaudited financial results for the nine months ended December 31, 2023, and regularly meets with management and auditors[102] - The company complied with the Corporate Governance Code except for the separation of the Chairman and CEO roles, which was deemed appropriate for strategic continuity[103] - The board appointed William O. Grabe as the Lead Independent Director to oversee governance matters and ensure checks and balances[103] - The board structure includes a majority of independent non-executive directors, with quarterly meetings to review operations[103] Financial Statements and Reporting - The financial statements for the fiscal year ending March 31, 2023, were submitted to the Companies Registry and received an unqualified audit opinion[51] - The company adopted Hong Kong Accounting Standard 12 (Amendment) related to deferred taxes on assets and liabilities arising from single transactions, effective from April 1, 2023, which narrowed the scope of initial recognition exemptions[52] - Deferred tax assets related to lease liabilities were reclassified, resulting in an impact of $70,336 thousand as of March 31, 2022, and $55,473 thousand as of March 31, 2023[54] - The company's deferred tax assets were $2,601,667 thousand as of April 1, 2022, and $2,537,367 thousand as of April 1, 2023, after reclassification adjustments[54] - Exchange adjustments and deferred tax asset impacts from the consolidated income statement for the year ended March 31, 2023, included a $287,000 exchange loss and $14,576,000 reclassified from deferred tax liabilities[54] - The company is evaluating the impact of new interpretations and revised standards, including Hong Kong Interpretation 5 (2020) and amendments to HKAS 1, which will be effective from January 1, 2024[56] - The company concluded that the adoption of these new standards and interpretations will not have a material impact on its consolidated financial statements[56] Segment Performance - The company's operating segments are determined based on the reporting reviewed by the Lenovo Executive Committee (LEC), including the Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group[57] - The LEC evaluates segment performance based on operating profit/loss, excluding non-cash acquisition-related accounting expenses and non-recurring items such as restructuring costs[57] - Operating profit for the Intelligent Devices Business Group was $2.41 billion, down from $2.94 billion in 2022[58] - The Infrastructure Solutions Business Group reported an operating loss of $151.59 million, compared to a profit of $90.59 million in 2022[58] Assets and Liabilities - Total assets as of December 31, 2023, were $39.504 billion, up from $38.920 billion as of March 31, 2023[47] - Current assets as of December 31, 2023, were $23.228 billion, slightly higher than $22.941 billion as of March 31, 2023[47] - Total equity as of December 31, 2023, was $6.113 billion, compared to $6.047 billion as of March 31, 2023[48] - Non-current liabilities as of December 31, 2023, were $6.691 billion, down from $6.780 billion as of March 31, 2023[48] - Current liabilities as of December 31, 2023, were $26.701 billion, up from $26.093 billion as of March 31, 2023[48] - Trade receivables and bills as of December 31, 2023, were $6.219 billion, down from $6.372 billion as of March 31, 2023[47] - Cash and cash equivalents as of December 31, 2023, were $3.466 billion, down from $4.250 billion as of March 31, 2023[47] - Total liabilities as of December 31, 2023, were $33.391 billion, up from $32.873 billion as of March 31, 2023[48] - Inventory as of December 31, 2023, totaled $6,218,910 thousand, a decrease from $6,371,858 thousand as of March 31, 2023[74] - Trade receivables and bills receivable as of December 31, 2023, amounted to $8,944,694 thousand, up from $7,940,378 thousand as of March 31, 2023[75] - Overdue trade receivables net of impairment allowance as of December 31, 2023, were $908,974 thousand, compared to $888,758 thousand as of March 31, 2023[77] - Trade payables and bills payable as of December 31, 2023, totaled $10,258,486 thousand, an increase from $9,772,934 thousand as of March 31, 2023[79] - Other receivables, including deposits and prepayments, amounted to $4,143,353 thousand as of December 31, 2023, up from $3,945,153 thousand as of March 31, 2023[81] - Other payables and accrued expenses as of December 31, 2023, were $13,368,766 thousand, compared to $12,932,781 thousand as of March 31, 2023[82] -

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 Lenovo Group Limited 聯想集團有限公司 (於香港註冊成立之有限公司) (港幣櫃台股份代號：992 / 人民幣櫃台股份代號：80992) 二零二三 / 二四年財政年度中期業績公佈 中期業績 聯想集團有限公司 (「本公司」) 董事會 (「董事會」) 在此宣佈，本公司及其附屬公司 (「本集團」) 截至二零 二三年九月三十日止三個月及六個月未經審核業績及去年同期的比較數字如下： 財務摘要  本集團在上半財年初面對重重挑戰，但至期末業績已呈現強勁復甦跡象，這歸功於本集團持續投資於加速 轉型、需求復蘇，以及包括人工智能在內的新應用  本集團第二財政季度銷售按季錄得12% 的顯著增長，超出過去十年的平均增長率 9%，所有業務集團均展 現良好的復甦趨勢。上半財年收入同比下降20%，權益持有人應佔溢利因而同比減少60% 至4.26億美元  方案服務業務集團的收入及經營溢利分別同比上升14% 及7 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 Lenovo Group Limited 聯想集團有限公司 (於香港註冊成立之有限公司) (港幣櫃台股份代號：992 / 人民幣櫃台股份代號：80992) 二零二三 / 二四年財政年度中期業績公佈 中期業績 聯想集團有限公司 (「本公司」) 董事會 (「董事會」) 在此宣佈，本公司及其附屬公司 (「本集團」) 截至二零 二三年九月三十日止三個月及六個月未經審核業績及去年同期的比較數字如下： 財務摘要  本集團在上半財年初面對重重挑戰，但至期末業績已呈現強勁復甦跡象，這歸功於本集團持續投資於加速 轉型、需求復蘇，以及包括人工智能在內的新應用  本集團第二財政季度銷售按季錄得12% 的顯著增長，超出過去十年的平均增長率 9%，所有業務集團均展 現良好的復甦趨勢。上半財年收入同比下降20%，權益持有人應佔溢利因而同比減少60% 至4.26億美元  方案服務業務集團的收入及經營溢利分別同比上升14% 及7 ...

[0 -> 5] Relations at Lenovo. Thanks everyone for joining us. Before we start, let me introduce our [5 -> 11] management team joining the call today. Mr. Yang Yuanqing, Lenovo's Chairman and CEO. [12 -> 18] Mr. Wang Yiming, Group CFO. Mr. Ken Wong, President of Solutions and Services Group. [19 -> 25] Mr. Chris Galgen, President of Infrastructure Solutions Group. Mr. Luca Rossi, President [25 -> 31] of Intelligent Devices Group. We will begin with Ernie's presentations and shortly after that, [31 -> 36] we ...

[0 -> 5] Relations at Lenovo. Thanks everyone for joining us. Before we start, let me introduce our [5 -> 11] management team joining the call today. Mr. Yang Yuanqing, Lenovo's Chairman and CEO. [12 -> 18] Mr. Wang Yiming, Group CFO. Mr. Ken Wong, President of Solutions and Services Group. [19 -> 25] Mr. Chris Galgen, President of Infrastructure Solutions Group. Mr. Luca Rossi, President [25 -> 31] of Intelligent Devices Group. We will begin with Ernie's presentations and shortly after that, [31 -> 36] we ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 Lenovo Group Limited 聯想集團有限公司 (於香港註冊成立之有限公司) (港幣櫃台股份代號：992 / 人民幣櫃台股份代號：80992) 二零二三 / 二四年財政年度第一季業績公佈 季度業績 聯想集團有限公司 (「本公司」) 董事會 (「董事會」) 在此宣佈，本公司及其附屬公司 (「本集團」) 截至二零二 三年六月三十日止三個月未經審核業績及去年同期的比較數字如下： 財務摘要 • 方案服務業務集團收入及經營溢利分別上升18% 及10%，引領了集團服務主導的轉型；其創紀錄的第一財 政季度收入和利潤推動了集團同期有史以來最高的毛利率 • 受雲需求疲軟以及向下一代平台的過渡慢於預期的影響，基礎設施方案業務集團的收入下降8%；儘管面對 重重挑戰，該業務集團仍創下多項產品記錄，包括存儲領域錄得三位數增長，以及高性能計算、邊緣和軟 件領域錄得雙位數強勁增長 • 智能設備業務集團保持全球個人電腦的領 ...

Financial Performance - Lenovo's revenue for the fiscal year ending March 31, 2023, was $61.947 billion, a 14% decrease year-over-year[6] - Gross profit for the fiscal year was $10.501 billion, with a gross margin of 17.0%, a 0.2 percentage point increase compared to the previous year[6] - Operating expenses decreased by 13% to $7.832 billion, with the operating expense ratio increasing slightly by 0.1 percentage points to 12.6%[6] - Pre-tax profit was $2.136 billion, a 23% decrease year-over-year, with a pre-tax profit margin of 3.4%, down 0.5 percentage points[6] - Net profit attributable to equity holders was $1.608 billion, a 21% decrease compared to the previous year[6] - Earnings per share (basic) were $0.1350, a decrease of $0.0395 compared to the previous year[6] - Cash and cash equivalents increased by 7% to $4.321 billion, while net cash decreased by $236 million to $366 million[6] - Total revenue for the fiscal year ending March 31, 2023, was $61.95 billion, a decrease from $71.62 billion in the previous year[71] - Gross profit margin increased to 17.0% from 16.8% year-over-year[71] - Net profit attributable to equity holders decreased to $1.61 billion from $2.03 billion in the previous year[71] - Operating expenses decreased by 13% year-over-year, with employee benefits costs reduced by $613 million[73] - Strategic investment fair value gains increased to $203 million from $135 million in the previous year[73] - Financial expenses increased by 81% due to higher market interest rates and the issuance of notes and convertible bonds[75] - The company recorded $209 million in severance and related costs as part of resource allocation measures to improve efficiency[73] - Advertising and promotional expenses decreased by $285 million as part of cost optimization efforts[73] - R&D expenses increased to $2.20 billion from $2.07 billion in the previous year[73] - The company's net exchange loss decreased by $39 million due to currency fluctuations[73] - Intelligent Devices Group revenue decreased to $49.37 billion in 2023 from $62.31 billion in 2022, a decline of 20.8%[76] - Infrastructure Solutions Group revenue increased to $9.76 billion in 2023 from $7.14 billion in 2022, a growth of 36.6%[76] - Solutions and Services Group revenue rose to $6.66 billion in 2023 from $5.44 billion in 2022, an increase of 22.5%[76] - Total revenue for the company decreased to $65.79 billion in 2023 from $74.89 billion in 2022, a decline of 12.1%[76] - Operating profit for the company decreased to $5.09 billion in 2023 from $5.94 billion in 2022, a decline of 14.3%[76] - Headquarters and corporate expenses decreased to $1.09 billion in 2023 from $1.51 billion in 2022, a decline of 27.8%[76] - Non-Hong Kong Financial Reporting Standards adjusted profit before tax was $2.94 billion in 2023, compared to $3.20 billion in 2022[79] - Non-Hong Kong Financial Reporting Standards adjusted net profit attributable to equity holders was $1.88 billion in 2023, compared to $2.16 billion in 2022[79] - The company incurred restructuring costs of $208.55 million in 2023, compared to none in 2022[76] - Depreciation and amortization expenses decreased to $548.85 million in 2023 from $648.78 million in 2022[76] - Property, plant, and equipment increased by 23% to $2,006.46 million, driven by investments in machinery, office equipment, and completed construction projects[82] - Right-of-use assets decreased by 21% to $659.36 million due to depreciation, lease renewals, and currency fluctuations[83] - Construction in progress rose by 25% to $638.05 million, primarily due to investments in self-developed software and building construction[84] - Intangible assets grew by 2% to $8,267.11 million, driven by acquisitions and additions of patents and technologies[85] - Equity in associates and joint ventures increased by 29% to $438.27 million, mainly due to acquisitions and increased investments[86] - Deferred tax assets decreased by 2% to $2,467.28 million, influenced by tax losses and temporary differences[87] - Financial assets at fair value through profit or loss increased by 12% to $1,233.97 million, driven by additional investments and fair value gains[88] - Inventories decreased by 23% to $6,371.86 million, reflecting reduced raw material levels due to slower market demand[90] - Trade receivables and bills dropped by 30% to $7,940.38 million, primarily due to lower Q4 revenue compared to the previous year[91] - Cash and cash equivalents increased by 8% to $4,250.09 million, supported by operating cash flow and financial activities[94] - Non-current loans increased by $1.05 billion, primarily due to the issuance of $1.25 billion in 2028 and 2032 notes, and $675 million in 2029 convertible bonds, partially offset by the repurchase of $455 million in 2024 convertible bonds[98] - Warranty provisions decreased by 19% due to reduced business activity during the year[99] - Deferred revenue decreased by $70.16 million, mainly related to warranty services not yet fulfilled[100] - Retirement benefit liabilities decreased by 24% due to changes in actuarial assumptions and exchange rate fluctuations[101] - Other non-current liabilities decreased by 35% due to the reclassification of put option liabilities to current liabilities[102] - Trade payables and notes decreased by 26% due to lower inventory levels and eased component supply shortages[104] - Other payables and accrued expenses decreased by 18% due to reduced business activity and reclassification of put option liabilities[105] - Provisions increased by 4%, mainly due to restructuring provisions, partially offset by lower warranty provisions and exchange rate effects[106] - Current deferred revenue increased by 10% due to additional services and reclassification of non-current liabilities[107] - Current loans decreased by 66% due to the repayment of 2023 notes and reclassification of 2024 convertible bonds[108] - The company's credit facilities include a revolving loan of $1.5 billion issued on March 28, 2018, with a 5-year term, and another revolving loan of $2 billion issued on July 4, 2022, also with a 5-year term[113] - Trade credit available as of March 31, 2023, was $4.97 billion, with $3.454 billion utilized, compared to $4.053 billion available and $2.813 billion utilized in 2022[114] - The company has outstanding notes and convertible bonds, including $1 billion in 2025 notes with a 5.875% interest rate and $929 million in 2030 notes with a 3.421% interest rate[115] - As of March 31, 2023, the company's cash and cash equivalents stood at $4.321 billion, compared to $4.023 billion in 2022[116] - The company's net cash position as of March 31, 2023, was $366 million, down from $602 million in 2022[116] - The loan-to-equity ratio as of March 31, 2023, was 0.65, slightly up from 0.63 in 2022[116] - The company's outstanding forward foreign exchange contracts as of March 31, 2023, amounted to $9.486 billion, down from $12.447 billion in 2022[117] - The company's total equity as of March 31, 2023, was $6.047 billion, up from $5.395 billion in 2022[116] - The company's short-term money market credit available as of March 31, 2023, was $1.838 billion, with $54 million utilized, compared to $1.154 billion available and $54 million utilized in 2022[114] - The company's convertible bonds issued on August 26, 2022, amount to $675 million with a 2.5% interest rate and a 7-year term[115] Business Growth and Transformation - The company is expanding into new growth areas such as servers, storage, mobile devices, software, solutions, and services, leveraging its "Device-Edge-Cloud-Network-Intelligence" technology architecture[2] - Lenovo's collaboration with Toyota on a virtual desktop infrastructure (VDI) solution enabled flexible remote work for design engineers, improving efficiency and adaptability during the pandemic[4] - SSG (Solutions and Services Group) business achieved double-digit growth with an operating profit margin exceeding 20%[12] - ISG (Infrastructure Solutions Group) business grew over 30% year-over-year, significantly outpacing market average growth[12] - Non-PC business significantly increased its share in the company's overall revenue, marking a key milestone in the transformation from a hardware manufacturer to a solutions and services provider[12] - PC shipments outperformed the market, maintaining the company's global leadership in market share and profitability[12] - The company expects the PC industry to bottom out and potentially recover growth by the second half of 2023[12] - The company aims to double R&D investment in the "New IT" sector, with one in five employees engaged in R&D and innovation[13] - The company launched several innovative products, including rollable screen laptops, Yoga Book 9i, ThinkPhone, and ThinkReality VRX[13] - Lenovo's Infrastructure Solutions Group (ISG) revenue grew 37% to a record $9.8 billion, with operating profit reaching $98 million[26] - ISG's storage revenue more than tripled, and ThinkEdge edge computing product sales increased over 1.7 times year-over-year[26] - ISG's server and software revenue reached a historic high, growing 25-30% year-over-year[26] - ISG's global storage market share nearly doubled in 2022 compared to the previous year[26] - Lenovo's non-PC business grew 7%, accounting for nearly 40% of the company's total revenue, a 7 percentage point increase year-over-year[22] - Lenovo's PC business revenue declined 14% to $61.9 billion, with currency fluctuations contributing a 5% negative impact[22] - Lenovo's net profit attributable to equity holders decreased 21% to $1.6 billion, or 10% excluding one-time restructuring and other expenses[22] - Lenovo's R&D expenses increased 6% year-over-year[22] - Lenovo's cash conversion cycle improved to -2 days, a 12-day reduction year-over-year, with inventory decreasing by over $1.9 billion[22] - Lenovo's Intelligent Devices Group (IDG) revenue declined 21%, with operating profit decreasing 24% year-over-year[25] - Solution Services Group revenue increased by 22% YoY to $6.7 billion, with operating profit up 16% to $1.4 billion, achieving an operating margin of 20.9%[27] - Deferred revenue rose by 2% YoY to $3 billion, reflecting strong demand for subscription-based and pay-as-you-go models[27] - Infrastructure Solutions Group revenue nearly doubled in the Americas, driven by new orders and a richer product portfolio[28] - In Asia-Pacific (excluding China), Infrastructure Solutions Group recorded double-digit growth due to strong performance in cloud and SMB IT infrastructure[28] - China market revenue declined by 19% YoY, impacted by pandemic controls and economic slowdown, but Solution Services Group saw strong growth driven by "as-a-service" and vertical solutions[28] - EMEA revenue fell by 16% YoY, with Infrastructure Solutions Group and Solution Services Group achieving double-digit growth despite macro headwinds[28] - Currency translation impact on revenue was 5% due to the strong US dollar, while net financing costs increased by 69% YoY due to rising interest rates[29] - Lenovo showcased its product portfolio at CES 2023, winning 129 awards, with the Yoga Book 9i receiving 50 awards, a record for a single product[29] - Infrastructure Solutions Group expanded its edge-to-end product portfolio, including the new ThinkEdge SE10, and launched Lenovo Open Cloud Automation 2.6 and XClarity orchestration[29] - Solution Services Group is expected to increase its financial contribution due to strong growth prospects in digital workplace, hybrid cloud, and sustainability services[30] - The company's non-PC business contributed a record 40% of revenue in the second half of the fiscal year[32] - The company employs approximately 77,000 people globally as of the end of the fiscal year 2022/23[33] - The company aims to achieve net-zero emissions by 2050 and is integrating ESG features like carbon offset services into its service offerings[31] - The company's TruScale brand and on-demand services have strengthened its competitive position in the "as-a-service" market[32] - The company's infrastructure solutions business continues to drive high growth and profitability, supported by the ODM+ model[32] - The company is focusing on the "3S" strategy (Smart IoT, Smart Infrastructure, and Industry Intelligence) to drive transformation and innovation[32] - The company is enhancing its service business as a structural growth engine, particularly in hybrid work, multi-cloud management, and network security[31] - The company faces strategic risks due to intense competition and rapidly evolving technology trends, which it addresses through innovation and service-oriented transformation[35] - The company's smart device business maintains a leading position in the PC market and shows strong performance in non-PC smart devices and smart space solutions[32] - The company is prioritizing resource allocation to strategic goals to ensure effective execution of its transformation initiatives[36] - The company may acquire or invest in companies and businesses as part of its business transformation and long-term growth strategy, with strict due diligence procedures in place to ensure proper valuation and approval of assets[37] ESG and Sustainability - The company's 2050 net-zero emissions target has been approved by the Science Based Targets initiative (SBTi)[15] - Lenovo's climate and energy policy focuses on five key areas: internal operations, energy suppliers and their operational emissions, supply chain, customers, and government/non-profit organizations supporting the transition to a low-carbon economy[48] - Lenovo uses the GeSI-CDP scenario analysis tool to explore climate-related scenarios, helping identify gaps in financial impacts and cross-functional team engagement[48] - Lenovo's annual ESG report follows the Hong Kong Stock Exchange's listing rules and references the Global Reporting Initiative (GRI) standards, aiming to align with the TCFD framework by 2025[49] - Lenovo conducts preliminary financial and feasibility studies to determine the next steps toward achieving net-zero by 2050[49] - Lenovo ensures compliance with environmental laws and regulations in regions where it promotes and sells products, relying on internal and external experts, third-party labs, and internal tools[52] - Lenovo's Ethics and Compliance Office (ECO) oversees the organization's ethical and compliance functions, promoting a culture of legal and ethical business practices[53] - Lenovo maintains a zero-tolerance policy towards bribery and corruption, ensuring compliance with anti-bribery laws in all operational markets[55] - Lenovo prohibits anti-competitive practices such as price-fixing, limiting product supply, or boycotting customers or suppliers[56] - Lenovo emphasizes the protection of intellectual property through patents, copyrights, trademarks, and contractual rights[57] - Lenovo adheres to international trade laws, including customs, import/export controls, and economic sanctions[58] - Lenovo has a global privacy and data protection program led by the legal department, ensuring compliance with privacy regulations and safeguarding personal data[59] - Lenovo encourages employees to report unethical or illegal activities through multiple confidential channels, including a 24/7 hotline[60] - Lenovo engages with stakeholders through market research, employee surveys, supplier audits, and community partnerships[61] - Lenovo's Love On Global Service Month in 2022 involved 73 offices globally, increasing volunteer participation and community impact[61] - Lenovo Foundation's TransforME initiative donated $1 million in FY2022/23 to address the technology skills gap through adult training programs[61] - Lenovo collaborates with industry associations to adopt best practices and assess progress in environmental, social, and governance commitments[61] - Lenovo ranked 24th in the BCG Innovation 50 list for 2022, up one position from 2021, specifically recognized for its role in climate and sustainability innovation[63] - Lenovo achieved a CDP Leadership (A-) rating for its efforts in climate change, water security, and supplier engagement[63] - Lenovo received the highest rating (AA+) in the IT industry and the best overall score in the 2022 Hang Seng Corporate Sustainability Index[63] - Lenovo was included in the 2023 Bloomberg Gender-Equality Index, reflecting its commitment to gender equality and inclusive culture[64] - Lenovo scored 90% in the 2022 Disability Equality Index and was recognized as a "Best Place to Work for Disability Inclusion"[64] - Lenovo was awarded the Gold Prize in the 2022 HKICPA Corporate Governance and ESG Excellence Awards, marking its 10th consecutive year of recognition[65] - Lenovo successfully issued its first $625 million green bond as part of a $1.25 billion dual-tranche 144A Rule/S Regulation bond offering[65] - Lenovo achieved an AAA rating in the 2022 MSCI ESG Ratings assessment, the highest possible rating[65] - Lenovo was recognized as the most improved company in the LGBTQ+ Inclusion Index through its partnership with Workplace Pride[64] - Lenovo's "We Are Lenovo" culture emphasizes customer service, innovation, entrepreneurship, and integrity as core values[67] Corporate Governance - The company has complied with the Corporate Governance Code of the Hong Kong Stock Exchange for the fiscal year ending March 31, 2023, except for the separation of the roles of Chairman and CEO as per Code Provision C.2.1[126] - The Board believes that having Mr. Yang Yuanqing as both Chairman and CEO is appropriate and in the best interest of the company, ensuring strategic continuity and operational stability[126] - The Board has appointed William O

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 Lenovo Group Limited 聯想集團有限公司 (於香港註冊成立之有限公司) (股份代號：992) 二零二二 / 二三年財政年度全年業績公佈 全年業績 聯想集團有限公司 (「本公司」) 董事會 (「董事會」) 在此宣佈，本公司及其附屬公司 (「本集團」) 截至二零二三年三月三十一日止年度經審核業績及去年的比較數字如下： 財務摘要 • 儘管持續的宏觀不利因素影響對設備的需求，基礎設施方案業務集團和方案服務業務集團的收入和經營溢利均創歷史新 高；非個人電腦業務的收入增長7%，帶動集團毛利率及經營溢利率創下自2006財政年度以來的歷史新高 • 得益於以服務為主導的轉型成功，增加市場滲透率和把握「即服務」、混合雲及環境、社會和管治（「ESG」）所帶來的 新機遇，方案服務業務集團的收入及經營溢利分別增長22% 及16%；方案服務業務集團的高盈利能力繼續提升集團的利潤 率 • 基礎設施方案業務集團的收入 ...

Revenue and Profit Performance - Revenue for the third quarter decreased by 24% year-over-year to $15.267 billion, with currency exchange contributing a 6% negative impact[3][5] - For the nine months ended December 31, 2022, the company reported total revenue of $49.312 billion, a 10% YoY decrease, with net profit attributable to equity holders at $1.494 billion, down 8% YoY[16] - Q3 2022/23 revenue was $15.27 billion, a 24% decrease YoY, with a gross margin of 17.1%, up 0.4 percentage points[22] - Net profit attributable to equity holders in Q3 2022/23 was $437 million, a 32% decrease YoY, with basic and diluted earnings per share at 3.65 cents and 3.44 cents, respectively[22] - Total revenue for the nine months ended December 31, 2022, was $49.31 billion, with a pre-tax profit of $2.01 billion, down from $2.25 billion in the same period last year[21] - Revenue from the Intelligent Devices Group decreased to $39.58 billion, a 16.9% decline compared to $47.61 billion in the previous year[50] - Operating profit for the Intelligent Devices Group dropped to $2.94 billion, down 18.7% from $3.61 billion in the prior year[50] - Infrastructure Solutions Group revenue increased by 31.8% to $7.56 billion, up from $5.73 billion[50] - Solutions and Services Group revenue grew by 23.9% to $5.01 billion, compared to $4.05 billion in the previous year[50] - Total revenue for the nine months ended December 31, 2022, was $49.31 billion, a 10.2% decrease from $54.92 billion in the same period last year[50] - Revenue from China declined by 15.7% to $12.42 billion, down from $14.74 billion[51] - Americas revenue decreased by 3.9% to $16.80 billion, compared to $17.48 billion in the previous year[51] - The company's revenue for the three months ended December 31, 2022, was $15.266 billion, with a gross profit of $2.612 billion and an operating profit of $749.956 million[40] - The company's revenue for the nine months ended December 31, 2022, was $49.311 billion, with a gross profit of $8.357 billion and an operating profit of $2.378 billion[40] - The company's net profit for the three months ended December 31, 2022, was $481.943 million, with earnings per share of 3.65 cents (basic) and 3.44 cents (diluted)[40] - The company's net profit for the nine months ended December 31, 2022, was $1.575 billion, with earnings per share of 12.57 cents (basic) and 11.68 cents (diluted)[40] - Net profit for the three months ended December 31, 2022, was $481.943 million, compared to $681.708 million for the same period in 2021[41] - Total comprehensive income for the nine months ended December 31, 2022, was $716.664 million, compared to $1.700405 billion for the same period in 2021[41] - The company's profit attributable to equity holders for the three months ended December 31, 2022, was $437.201 million, and $1.494 billion for the nine months ended December 31, 2022[61] Business Group Performance - Non-PC business accounted for 41% of the group's total revenue, with the Solutions and Services Group (SSG) and Infrastructure Solutions Group (ISG) achieving record revenues[3][5] - SSG revenue and operating profit grew by 23% and 12% respectively, driven by service-led transformation and growth opportunities in "as-a-service," hybrid cloud, and ESG[3] - ISG revenue increased by 48%, with profit surging 156%, supported by a growing customer base, product portfolio, and ODM+ business model[3] - Intelligent Devices Group (IDG) sales declined by 34% due to weak market demand, but maintained industry leadership in market share and profitability[3][5] - Smart Devices Business Group revenue and operating profit decreased by 34% and 37% respectively, with PC shipments slowing to pre-pandemic levels due to reduced demand and channel inventory surplus[7] - Smart Devices Business Group maintained a global market share of 23% by shipment volume, leading in three out of four major regional markets in the PC sector[7] - Infrastructure Solutions Business Group revenue grew 48% YoY to a record $2.9 billion, with operating profit surging over 150% to $43 million[8] - Infrastructure Solutions Business Group achieved high double-digit growth in server sales and more than doubled storage revenue YoY[8] - Solutions and Services Business Group revenue and operating profit increased by 23% and 12% respectively to $1.8 billion and $370 million, with an operating margin of 20.2%[9] - Solutions and Services Business Group's maintenance services revenue nearly doubled YoY, while project and solution services revenue grew by 7%[9] - In the Americas, Infrastructure Solutions Business Group revenue grew 1.5 times YoY, while Solutions and Services Business Group maintained stable growth with high penetration rates[10] - In China and Asia Pacific (excluding China), Solutions and Services Business Group revenue grew by high double digits and nearly 50% respectively[10] - In Europe-Middle East-Africa, Solutions and Services Business Group achieved double-digit YoY growth through expanded delivery footprint and product differentiation[11] - Infrastructure Solutions Business Group has established industry-leading end-to-end infrastructure solutions, expanding to include full-stack products such as servers, storage, and software, targeting growth opportunities in AI-driven edge, hybrid cloud, HPC, and telecom/communication solutions[13] - The company's ODM+ business model in cloud service IT infrastructure aims to meet the growing demand for vertically integrated supply chains, balancing general-purpose and customized products to enhance revenue and profitability[13] - Global economic challenges and market demand shifts have increased the need for high-end, TruScale as-a-service, sustainability, and vertical solutions, with a focus on asset lifecycle management and outsourcing services[13] - Smart Devices Business Group revenue was $39.58 billion with an operating profit of $2.94 billion, while Infrastructure Solutions Business Group revenue was $7.56 billion with an operating profit of $90.59 million[21] - Intelligent Devices Group revenue decreased to $11.585682 billion from $17.609684 billion, with operating profit dropping to $848.052 million from $1.351744 billion[26] - Infrastructure Solutions Group revenue increased to $2.855147 billion from $1.928783 billion, with operating profit rising to $43.276 million from $16.884 million[26] - Total revenue decreased to $16.277264 billion from $21.036088 billion, with total operating profit dropping to $1.261781 billion from $1.70078 billion[26] - LPS contributed $219 million in revenue and $22 million in pre-tax profit to the company's performance for the nine months ended December 31, 2022[93] Financial Position and Cash Flow - Net cash increased by $500 million year-over-year to $581 million, with the cash conversion cycle shortened by 13 days[3][5] - Inventory decreased by over $900 million both quarter-over-quarter and year-over-year, reflecting optimized operations[5] - Operating expenses decreased by 11% YoY, driven by a $610 million reduction in employee benefits and a $116 million decrease in advertising and promotional expenses[18] - The company recorded a strategic investment fair value gain of $115 million, reflecting changes in the value of its investment portfolio[18] - R&D expenses increased to $1.645 billion for the nine months ended December 31, 2022, up from $1.497 billion in the same period last year[17] - The company's gross margin improved by 0.2 percentage points to 16.9%, despite a 9% YoY decline in gross profit to $8.358 billion[16] - Financial expenses increased by 65% YoY due to factoring costs, higher market interest rates, and interest on issued notes and convertible bonds, with factoring costs rising by $138 million, bank loan and overdraft interest by $25 million, and note interest by $22 million[20] - Operating expenses in Q3 2022/23 decreased by 23% YoY to $1.86 billion, driven by reductions in employee benefits, advertising, and net exchange losses[23] - Employee benefit costs decreased by $286 million due to lower performance bonuses and sales commissions[23] - Advertising and promotional expenses decreased by $92 million due to budget control and cost-saving strategies[23] - Net exchange losses decreased by $34 million due to currency fluctuations[23] - Property, plant, and equipment depreciation increased to $49.693 million from $42.658 million year-over-year[24] - Employee benefit costs decreased to $949.977 million from $1.23597 billion, with long-term incentive plan costs dropping to $84.83 million from $94.003 million[24] - Advertising and promotional expenses decreased to $229.641 million from $321.343 million[24] - R&D-related laboratory testing, services, and supplies costs decreased to $101.735 million from $165.793 million[24] - Financial expenses increased to $184.809 million from $90.997 million due to higher factoring costs, bank loan interest, and note interest[24] - Headquarter and corporate expenses decreased to $254.39 million from $484.649 million, primarily due to reduced employee benefit costs and lower net exchange losses[26] - Adjusted profit excludes fair value changes of financial assets, amortization of intangible assets from acquisitions, and acquisition-related costs for a more meaningful assessment of current operating performance[27] - Lenovo's capital expenditures for the nine months ended December 31, 2022, amounted to $1.204 billion, primarily used for property, plant, and equipment, new construction projects, and intangible assets, reflecting increased investment in patents, technology, and software[31] - Total assets as of December 31, 2022, were $41.749 billion, with equity attributable to company shareholders at $5.325 billion and total liabilities at $35.945 billion[32] - Cash, cash equivalents, and bank deposits totaled $5.081 billion as of December 31, 2022, with 47.1% in USD, 23.1% in CNY, and 19.2% in other currencies[33] - Lenovo's liquidity ratio improved to 0.90 as of December 31, 2022, compared to 0.89 as of March 31, 2022[32] - Non-Hong Kong Financial Reporting Standards (HKFRS) adjustments for the nine months ended December 31, 2022, included $174.904 million in amortization of intangible assets from acquisitions and $139.030 million in acquisition-related costs[29] - For the three months ended December 31, 2022, Lenovo reported operating profit of $749.956 million, with non-HKFR adjustments including $53.345 million in amortization of intangible assets from acquisitions and $(74.130) million in acquisition-related costs[30] - Lenovo's cash management strategy as of December 31, 2022, allocated 74% of cash to bank deposits and 26% to investment-grade liquid money market funds[33] - The company's total credit facilities as of December 31, 2022, include trade credit facilities of $4.307 billion, short-term money market credit of $1.856 billion, and forward foreign exchange contracts of $11.152 billion[35] - The company's outstanding notes, convertible bonds, and convertible preferred shares as of December 31, 2022, include $487 million in 2023 notes, $220 million in 2024 convertible bonds, $40 million in convertible preferred shares, $1 billion in 2025 notes, $929 million in 2030 notes, $625 million in 2028 notes, $610 million in 2032 notes, and $675 million in 2029 convertible bonds[36] - The company's net cash position as of December 31, 2022, was $581 million, with total equity of $5.803 billion and a loan-to-equity ratio of 0.78[37] - The company's forward foreign exchange contracts for hedging purposes amounted to $11.094 billion as of December 31, 2022, down from $12.447 billion as of March 31, 2022[38] - The company's total credit facilities as of December 31, 2022, include trade credit facilities of $4.307 billion, short-term money market credit of $1.856 billion, and forward foreign exchange contracts of $11.152 billion[35] - The company's outstanding notes, convertible bonds, and convertible preferred shares as of December 31, 2022, include $487 million in 2023 notes, $220 million in 2024 convertible bonds, $40 million in convertible preferred shares, $1 billion in 2025 notes, $929 million in 2030 notes, $625 million in 2028 notes, $610 million in 2032 notes, and $675 million in 2029 convertible bonds[36] - Property, plant, and equipment increased to $1.926875 billion as of December 31, 2022, from $1.636629 billion as of March 31, 2022[42] - Intangible assets rose to $8.184558 billion as of December 31, 2022, from $8.066785 billion as of March 31, 2022[42] - Total assets decreased to $41.748642 billion as of December 31, 2022, from $44.510444 billion as of March 31, 2022[42] - Total equity increased to $5.803451 billion as of December 31, 2022, from $5.394701 billion as of March 31, 2022[43] - Non-current liabilities rose to $7.027958 billion as of December 31, 2022, from $6.357008 billion as of March 31, 2022[43] - Current liabilities decreased to $28.917233 billion as of December 31, 2022, from $32.758735 billion as of March 31, 2022[43] - Total liabilities decreased to $35.945191 billion as of December 31, 2022, from $39.115743 billion as of March 31, 2022[43] - Operating activities generated a net cash flow of $2,557,035 thousand, compared to $2,614,505 thousand in the same period last year[44] - Net cash used in investing activities was $1,601,026 thousand, an increase from $924,270 thousand in the previous year[44] - Net cash generated from financing activities was $315,351 thousand, compared to a net cash outflow of $1,007,247 thousand in the prior year[44] - Cash and cash equivalents increased by $1,271,360 thousand, up from $682,988 thousand in the same period last year[44] - The company paid $578,795 thousand in dividends, compared to $478,822 thousand in the previous year[44] - The company issued $1,250,000 thousand in notes, compared to no issuance in the prior year[44] - The company repaid $9,750,951 thousand in loans, compared to $7,998,980 thousand in the previous year[44] - The company acquired $403,216 thousand in subsidiaries, net of cash acquired, compared to $114,312 thousand in the prior year[44] - The company paid $365,814 thousand for intangible assets, compared to $260,720 thousand in the previous year[44] - The company received $148,765 thousand from the sale of financial assets at fair value through profit or loss, compared to $99,614 thousand in the prior year[44] - The company's net profit for the period was $1,494,115 thousand, with a total comprehensive income of $716,664 thousand[45] - The company acquired subsidiaries and associates for a total of $108,426 thousand ($64,503 thousand for subsidiaries and $13,902 thousand for associates)[45] - The company issued convertible bonds amounting to $138,243 thousand and repurchased convertible bonds worth $102,664 thousand[45] - Dividends paid to shareholders amounted to $578,795 thousand, and dividends paid to non-controlling interests were $29,385 thousand[45] - The company's equity attributable to shareholders at the end of the period was $4,661,444 thousand, compared to $3,803,207 thousand at the beginning of the period[45] - The company's financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and are consistent with the accounting policies of previous fiscal years[47] - The company's financial data is extracted from the consolidated financial statements and is prepared in accordance with the Hong Kong Stock Exchange Listing Rules Appendix 16[47] - Inventory as of December 31, 2022, was $7.502 billion, compared to $8.301 billion as of March 31, 2022[63] - Trade receivables and bills receivable as of December 31, 2022, were $9.288 billion, compared to $11.290 billion as of March 31, 2022[64] - Overdue trade receivables net of impairment allowance as of December 31, 2022, were $1.033 billion, compared to $784.9 million as of March 31, 2022[66] - Trade payables and bills payable as of December 31, 2022, were $10.837 billion, compared to $13.185 billion as of March 31, 2022[67] - Deposits, prepayments, and other receivables as of December 31, 2022, were $3.934 billion, compared to $5.014 billion as of March 31, 2022[69] - Other payables and accrued expenses as of December 31, 2022, were $14.215 billion, compared to $15.745 billion as of March 31, 2022[70] - Warranty provision at the end of December 31, 2022, was $976.122 million, with environmental restoration provision at $3.99 million, totaling $980.112 million[72] - Environmental restoration provision is reviewed at least annually to ensure it adequately covers the company's obligations[73] -