作者：情报员 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 国家知识产权局信息显示，联想（新加坡）私人有限公司取得一项名为"用于管理端到端应用会话的 QOS的方法和设备"的专利，授权公告号CN116250189B，申请日期为2020年8月。 ...

Core Viewpoint - Lenovo is positioning itself at the forefront of a new growth cycle in AI infrastructure, emphasizing systematic innovation and responding to the accelerating demand for AI computing power in China [2][3]. Group 1: Product Launches and Innovations - Lenovo ISG China launched the "Lenovo AI Factory" solution, the high-end AI server Lenovo Wenti WA8080a G5, and the upgraded Wanquan Heterogeneous Computing Platform 4.0, along with the industry's first model training and inference service standard [2][9]. - The new AI Factory solution aims to standardize and streamline AI application development and deployment processes, transitioning AI from experimental to industrialized systems [9]. - The Wanquan Heterogeneous Computing Platform 4.0 has achieved significant upgrades in various scenarios, including a 35% reduction in model training time for pre-training and a 50% reduction for post-training [9][10]. Group 2: Market Demand and Growth - The AI server market in China is projected to reach $16 billion in the first half of 2025, doubling year-on-year, with expectations to exceed $140 billion by 2029 [5]. - The overall market for intelligent computing services in China is expected to grow from $5 billion in 2024 to $7.95 billion in 2025, with a compound annual growth rate of 57.3% from 2023 to 2028 [5]. - Lenovo ISG China's revenue has increased by 175% over the past two and a half years, establishing itself as one of the fastest-growing AI infrastructure providers in China [3][5]. Group 3: Strategic Positioning and Future Outlook - Lenovo's growth is driven by structural demand from large model implementations, indicating a shift in the AI computing industry towards deeper integration with various sectors [6][17]. - The company aims to enhance its product offerings while leveraging differentiated advantages in liquid cooling technology and heterogeneous computing scheduling [16]. - Lenovo's strategy focuses on localizing and AI-oriented solutions, integrating full-stack capabilities to provide comprehensive AI solutions to clients [16][17].

Core Insights - Lenovo officially launched the "Lenovo AI Factory" solution aimed at transforming traditional data centers into efficient AI factories, leveraging its advantages in computing products and solutions [1] - The new generation of high-end AI servers, Lenovo Wenti WA8080a G5, based on Intel Xeon 6 processors, was introduced alongside the upgraded Lenovo Wanquan Heterogeneous Computing Platform 4.0 to support enterprises in embracing the AI era [1] - The Chinese government has emphasized the integration of artificial intelligence in its work reports, leading to a series of policies aimed at deepening the industrial layout and promoting the integration of AI across various sectors [1] Industry Developments - The AI industry is entering a new phase characterized by the deep coupling of large models with specific industries, necessitating advancements in hardware innovation, software optimization, standardization, and application implementation [2] - The first industry standard for model training and inference services, "Information Technology Computing Power Service High-Performance Training and Inference Service Capability Requirements," was released to establish a unified capability benchmark for high-performance model training services [2] - The industry faces challenges such as fragmented heterogeneous chip scheduling, communication bottlenecks, and inefficient resource utilization, which hinder the effective release of computing power resources [2]

Group 1 - The core point of the article is that Lenovo (Beijing) Co., Ltd. has applied for a patent for an electronic device, which includes a target body with computing and cooling modules, and a cable management frame for cooling medium and cable fixation [1] Group 2 - The patent application is identified as "A kind of electronic device" with publication number CN121070155A, and the application date is August 2025 [1] - The cooling medium flows through the cooling module of the target body, and the cables are electrically connected to the computing module [1] Group 3 - Lenovo (Beijing) Co., Ltd. was established in 1992 and is primarily engaged in the manufacturing of computers, communications, and other electronic devices [1] - The company has a registered capital of 565 million Hong Kong dollars and has invested in 107 enterprises, participated in 5,000 bidding projects, and holds 1,751 trademark records and 5,000 patent records [1]

Major Companies - Chasing Technology has been selected for the 2025 "Brands That Matter" global list by Fast Company, being the only domestic brand on the list due to its localized innovation and user experience improvements [1] - Chasing Technology's products cover various categories including high-end smart home appliances, smart cars, smart kitchen appliances, smart cleaning devices, outdoor smart devices, and personal care products [1] - The company's sweeping robot products hold the number one market share in 22 countries and regions globally, including Germany, France, and Singapore [1] Investment and Financing - Hengxuan Technology's next-generation low-power, high-performance wearable chip, BES6000, is expected to enter the sample delivery phase in the first half of next year [7] - The BES2800 chip has been widely applied in low-power smart hardware markets such as smartwatches and smart glasses [7] - Zhongke Qiancheng has recently completed several million yuan in angel round financing, with funds primarily aimed at product improvement and technology research and development [8] - Aoluo Pharmaceutical has successfully completed a $100 million Series A financing round, with funds to accelerate its differentiated pipeline layout focusing on unmet clinical needs in immunology, inflammation, and oncology [9] New Products - CATL has launched the world's only "ship-shore-cloud" zero-carbon shipping and smart port integrated solution, achieving full-chain integration from onboard power systems to shore-based energy supply networks and cloud-based intelligent management [10] - Gaode has released the "AI Parking Radar," the first real-time perception function for road parking spaces in the country, providing users with a new smart parking experience [11] - Lenovo has officially launched the "Lenovo AI Factory" solution to help enterprises transition from traditional "computing centers" to efficient "AI factories," along with the release of a new generation of high-end AI server based on Intel® Xeon® 6 processors [12]

Core Insights - Lenovo launched the "Lenovo AI Factory" solution aimed at transforming traditional data centers into intelligent AI factories during the "Heterogeneous Intelligent Computing Local Engine" 2025 Industry Alliance Summit and AI Computing Infrastructure New Product Launch in Beijing [1] - The new high-end AI server, Lenovo Wenti WA8080a G5, is based on Intel Xeon 6 processors, and the upgraded Lenovo Wanquan Heterogeneous Intelligent Computing Platform 4.0 shows performance improvements in four key scenarios, with training time reduced by up to 50% in certain training scenarios [1] - The event also saw the release of the industry's first standard verification results for "High-Performance Training and Inference Service Capability Requirements," aimed at evolving computing services from "resource delivery" to standardized "capability delivery" [1] - Lenovo's Vice President emphasized the deep integration of AI with industries and the importance of diverse computing and chip model ecosystems in building China's AI ecosystem [1] - The company will continue to focus on "AI-oriented" and "localization" strategies to meet enterprise-level AI infrastructure needs and promote industrial intelligent transformation in collaboration with partners [2] Group 1 - Lenovo introduced the "Lenovo AI Factory" solution to aid in the transition of data centers to intelligent AI factories [1] - The new Lenovo Wenti WA8080a G5 server is designed for high-end AI model training and is based on Intel Xeon 6 processors [1] - The upgraded Lenovo Wanquan Heterogeneous Intelligent Computing Platform 4.0 enhances performance in key AI scenarios, achieving up to a 50% reduction in training time [1] Group 2 - The summit featured the release of a new standard for evaluating high-performance training and inference service capabilities [1] - Lenovo's leadership highlighted the need for a robust AI computing ecosystem in China, emphasizing the integration of AI with various industries [1] - The company plans to advance its "AI-oriented" and "localization" strategies to support enterprise AI infrastructure and industrial transformation [2]

(HKD Counter Stock Code 港幣櫃台股份代號: 992 / RMB Counter Stock Code 人民幣櫃台股份代號: 80992) Change Request Form 變更申請表格 To: Lenovo Group Limited (the "Company") 致： 聯想集團有限公司(「本公司」) c/o Tricor Investor Services Limited 卓佳證券登記有限公司轉交 17/F, Far East Finance Centre 香港夏愨道 16 號 16 Harcourt Road, Hong Kong 遠東金融中心 17 樓 Part B (乙部) - I/We would like to change the choice of means of receipt and language of all future Corporate Communications* of the Company as indicate below: 本人/吾等要求更改 貴公司日後之所有公司通訊* 的收取途徑及語言版本如下﹕ (Please "" only o ...

Group 1 - A group of Chinese internet companies is investing significantly in Latin America, with TikTok announcing a $37.7 billion investment in a data center complex in northeastern Brazil, marking its first major project in the region [1] - Alibaba Cloud is also expanding its presence in Latin America by building a new data center in Brazil and expanding its existing center in Mexico, which began operations earlier this year [1] - Lenovo has established a strong foothold in the Latin American market, leading in PC sales and showing significant growth in server business with a 25% annual growth rate [1] Group 2 - International tech giants like Amazon, Google, and Microsoft are also heavily investing in Latin America, with Google investing $850 million in a new data center in Uruguay and Microsoft investing $2.7 billion in Brazil for cloud and AI infrastructure [2] - The Latin American data center market is expected to nearly double from approximately $5 billion in 2023 to nearly $10 billion by 2029, driven by demand for cloud services and AI [2][3] - The region offers advantages such as cheap and sustainable energy sources, with Chile and Brazil having high percentages of carbon-free energy, which helps reduce operational costs for tech companies [3] Group 3 - Alibaba Cloud is accelerating its expansion in Latin America, focusing on cloud infrastructure and AI applications, with a commitment to invest 380 billion yuan globally from 2025 to 2027, part of which will be allocated to Latin America [4] - Lenovo supports Alibaba Cloud's infrastructure development and collaborates with local IT companies to provide solutions, helping them save costs and expand their cloud services [5] - Lenovo's hybrid AI strategy aims to dominate the personal AI market, with AI PCs expected to account for over 80% of global PC sales by 2028 [6] Group 4 - Lenovo has also supported Chinese companies entering the Latin American market, providing IT infrastructure for companies like BYD and Geely, which require substantial computing power for their operations [7]

Lenovo Group Limited 聯想集團有限公司 (於香港註冊成立的有限公司) (港幣櫃台股份代號：992 / 人民幣櫃台股份代號：80992) 此致 敬啟者： 刊發二零二五╱二零二六年中期報告（「本次公司通訊文件」）的通知 本次公司通訊文件 之 中英文版本 現 已 登 載 於本公司網站 https://investor.lenovo.com/tc/publications/news.php 及香港交易及結算所有限公司的披露易網站 https://www.hkexnews.hk/index_c.htm （「網上版本」）。 就日後刊發之公司通訊 （ 附 註 2 ） 文件而言，本公司將於公司通訊文件刊發日期通過電子郵件或郵寄方 式向非登記股東發送公司通訊文件之網上版本的登載通知，該通知將同時提供英文和中文版本。為 支援通過電子郵件方式進行公司通訊，本公司建議 閣下日後隨時向其代理人，例如經紀、託管 商、代名人或其他為中央結算系統的參與者提供電郵地址。 倘 閣下擬收取本次公司通訊文件之印刷本及/或欲更改選擇收取本公司日後發布之公司通訊文件 （附註 2 ） 的語言版本及收取方式，請填妥隨附的變更申請表格或於 ...

Core Insights - A number of Chinese internet companies are expanding their investments in Latin America, with TikTok announcing a $37.7 billion investment in a data center complex in Northeast Brazil, marking its first major project in the region [1] - The Latin American market is experiencing a significant boom in data center investments, expected to nearly double from approximately $5 billion in 2023 to nearly $10 billion by 2029, driven by demand for cloud computing and AI [4] Group 1: Company Investments - TikTok plans to invest approximately $37.7 billion in a large data center complex in Northeast Brazil, utilizing local wind energy and strategically located as a submarine cable hub [1] - Alibaba Cloud is also expanding its presence in Latin America, with new data centers in Brazil and Mexico, focusing on digital transformation needs of local businesses [1] - Lenovo has established a strong foothold in Latin America, leading the PC market and experiencing significant growth in its server business, with a 25% annual growth rate [1] Group 2: Competitive Landscape - Major international tech giants like Amazon, Google, and Microsoft are also heavily investing in Latin America, with Google investing $850 million in a new data center in Uruguay and Microsoft investing $2.7 billion in Brazil for cloud and AI infrastructure [3] - The top three global cloud providers (Amazon AWS, Microsoft Azure, Google GCP) hold approximately 60%-70% market share in Latin America, indicating a highly concentrated market [5] Group 3: Market Dynamics - Latin America is becoming a hotspot for data center investments due to its cheap and sustainable energy sources, with countries like Chile and Brazil offering over 90% carbon-free energy [4] - The region's digital economy is rapidly growing, with increasing demand for AI and cloud computing services, making it an attractive market for tech giants [4] - Approximately 30 new data centers have been constructed or are under construction in the region since last year, highlighting the ongoing expansion [4] Group 4: Strategic Initiatives - Lenovo's mixed AI strategy focuses on both personal and enterprise AI, with expectations that AI PCs will account for over 80% of global PC sales by 2028 [7] - Lenovo supports local businesses in Latin America, such as RGK 4 IT, by providing infrastructure solutions that help reduce costs and enhance service flexibility [6] - The company emphasizes a "global resources + local delivery" model to effectively penetrate the Latin American market, ensuring efficient cost control and product customization [6]