3月28日，联想控股(03396.HK)公布2024年年报，公司实现收入5,128.06亿元（人民币，下同），同比增长17.61%，实 现归母净利润1.33亿元，扭亏为盈。归母净利润大幅提升主要由于1）产业运营板块的联想集团业绩同比大幅提升； 2）受益于市场回暖，产业孵化与投资板块的业绩得以改善。 联控的归母净利润从23年亏损38.7亿元回升到24年的盈利1.33亿，同比大幅改善。然而，如果仅看归母净利润这一指 标，很容易因金额较小而对其趋势产生误解，那么联想控股是否真的处于趋势好转之中呢？ 如果要看到真正的全貌，我建议去看联控的税前利润，那将更加清晰。 下图是联想控股以半年为长度的税前利润表现情况，我们可以看到从21年上半年公司业绩达到顶点以后，就进入了下 行周期，一路下滑至23年底。而进入24年，我们看到税前利润已经有了明显的回升迹象，因此业绩上升的趋势性拐点 已经出现。 联想控股业务众多，但是抓重点的话，对联想控股利润影响最大的业务实际上是联想集团和基金投资这两个核心业 务。联想集团的业绩受到AI周期带动进入新一轮的上行周期，持续性和确定性都很强，在AI PC、win10停更、 deepseek爆发推动 ...

在加速发展新质生产力，落实高质量发展的时代背景下，创新能力和对创新的投入，也成为了决定一家 企业能否抓住机遇，实现新的增长和突破的关键因素。联想控股(03396)今天公布的2024年度业绩显 示，凭借创新驱动的发展战略和在科创领域的长期布局投入，这家公司正在走出短期的波动，实现了业 绩的大幅回升。 2024年业绩报告显示，联想控股全年收入5128.06亿元（人民币，下同），同比增长18%；实现合并净 利润76.83亿元，归属于公司权益持有人净利润1.33亿元，实现了扭亏。 报告期内，联想控股旗下各基金平台持续深耕新兴产业与未来产业，新增投资项目超百个，涵盖人工智 能、量子计算、生物技术、新能源、半导体芯片、机器人、大数据与云计算、医疗健康、新材料等关键 领域，不仅助力突破技术瓶颈、实现产品创新与商业化落地，还推动相关产业的技术进步与升级。其中 在市场较为关注的具身智能领域，联想控股体系投资企业近40家。 此外，联想控股还将视野投射到更前沿的技术领域，通过自主技术攻坚形成核心专利集群，以前瞻技术 研究院为核心，通过与19家顶尖机构建立IP共创生态圈，挖掘了数百项核心技术;与高校联名申请专利 并开始布局科技创新催 ...

Financial Performance - Lenovo Holdings achieved a revenue of RMB 512.81 billion for the year ending December 31, 2024, representing an 18% increase year-over-year[5]. - The industry operations segment generated revenue of RMB 508.20 billion, also reflecting an 18% year-over-year growth[6]. - Net profit attributable to equity holders of Lenovo Holdings was RMB 1.33 billion, showing significant improvement compared to a loss of RMB 3.87 billion in the previous year[5]. - The industry operations segment's net profit reached RMB 39.63 billion, marking a 29% increase year-over-year[6]. - The overall business performance showed a substantial rebound, indicating a strong recovery trajectory[5]. - The total revenue for the company and its subsidiaries reached RMB 512,806 million in 2024, an 18% increase from RMB 436,012 million in 2023[19]. - Lenovo Group's revenue grew by 19% to RMB 468,886 million in 2024, up from RMB 392,493 million in 2023[19]. - Lenovo Group's net profit contribution surged by 74% to RMB 3,440 million in 2024, compared to RMB 1,982 million in 2023[21]. - The company reported a significant reduction in losses from its incubation and investment segment, contributing to the overall profitability improvement[24]. - The company reported a net profit attributable to equity holders of RMB 133,231 thousand for 2024, a significant improvement from a loss of RMB 3,874,279 thousand in 2023[178]. Market Position and Strategy - Lenovo maintained a leading position in the global PC market with a market share of 24.3%[6]. - The company emphasized the importance of innovation and strategic resilience in navigating global economic uncertainties[6]. - Lenovo's focus on new product development and market expansion is aligned with its long-term strategic goals[5]. - The company aims to enhance its risk resistance capabilities while integrating into high-quality development initiatives[5]. - Lenovo's investment in artificial intelligence and technology advancements is expected to drive future growth and operational synergy[6]. - The company aims to strengthen investment in computing infrastructure and low-carbon technology development to support green transformation[15]. - The company is committed to enhancing risk management mechanisms and ensuring healthy cash flow amid a complex economic environment[16]. Product Development and Innovation - Lenovo Group has established a comprehensive intelligent technology system covering "end-edge-cloud-network-intelligence" and launched a series of innovative AI PCs during the reporting period[11]. - The new AI PC category captured 15% of the Chinese laptop market in Q4, exceeding market expectations[7]. - The company added over 100 new investment projects in key areas such as artificial intelligence, quantum computing, and biotechnology during the reporting period[12]. - The company aims to deepen the integration of artificial intelligence with the real economy, focusing on technology innovation and industrial upgrading[15]. - The company is focusing on the development of next-generation AI solutions and has launched a full-stack product matrix including edge computing devices and high-performance computing clusters[40]. Operational Efficiency and Cost Management - The operating profit margin for the smart device business increased to 7.3%, with a nearly 5 percentage point expansion in competitive advantage[7]. - The revenue from the service business, a key focus of strategic transformation, maintained double-digit year-on-year growth with an operating profit margin stable above 20%[7]. - The company plans to enhance operational efficiency through cost structure optimization and strategic partner collaboration, aiming for sustainable growth and improved profitability[40]. - The company reported a significant increase in receivables, with accounts receivable and notes receivable totaling RMB 83,747,440 thousand in 2024, up from RMB 73,920,969 thousand in 2023[127]. Investment and Financial Management - Luxembourg International Bank reported a net profit of €170 million, with assets under management increasing to €46.8 billion and customer deposits rising to €18.8 billion[7]. - The bank's core Tier 1 capital adequacy ratio was 13.04%, and the liquidity coverage ratio was 200%, demonstrating strong risk resilience[7]. - The company is involved in various sectors, including smart devices, new materials, modern agriculture, and comprehensive banking services[145]. - The investment segment focuses on private equity and venture capital investments, indicating a strategic approach to growth and diversification[146]. - The company has proposed no final dividend for the year ended December 31, 2024, consistent with the previous year[119]. Challenges and Future Outlook - The company reported a net loss of RMB 554,396 thousand from other losses/earnings, which included various operational challenges[167]. - The company is exploring strategic partnerships to enhance its service offerings and improve customer retention rates[10]. - Future guidance suggests a projected revenue increase of 14,778,452 thousand yuan, indicating optimism for upcoming quarters[157]. - The company aims to improve its financial performance by reducing net losses by 523,390 thousand yuan in the next fiscal year[157].

Financial Performance - Legend Holdings reported a revenue of RMB 15.2 billion for the first half of 2024, representing a year-on-year increase of 12%[1]. - The company achieved a net profit of RMB 2.5 billion, up 15% compared to the same period last year[1]. - Total revenue for the six months ended June 30, 2024, reached RMB 233,364 million, a 16% increase from RMB 201,286 million in the same period of 2023[7]. - The net profit attributable to equity holders for the six months ended June 30, 2024, was RMB 286 million, down 57% from RMB 668 million in the same period of 2023[8]. - Lenovo Holdings achieved revenue of RMB 233,364 million, a year-on-year increase of 16%[13]. - Net profit attributable to equity holders of the company was RMB 286 million, a decline of 57% year-on-year, primarily due to market volatility and adverse investment conditions[13]. - The company reported a net profit of -1,547,337 thousand RMB for the six months ended June 30, 2024, compared to -2,215,287 thousand RMB in the same period last year, indicating an improvement[96]. - The profit before tax for the first half of 2024 was CNY 3,118,968, compared to CNY 2,384,935 in the first half of 2023, indicating an increase of about 30.8%[132]. Revenue Guidance and Growth - The company has set a revenue guidance of RMB 32 billion for the full year 2024, reflecting an expected growth of 10%[1]. - User data indicates a growth in active users by 20% to 5 million across its digital platforms[1]. - New product launches in the AI sector contributed to a 25% increase in sales within that segment[1]. - The revenue of Joyvio Group grew by 8% year-on-year to RMB 16,185 million, driven by its fruit business[16]. - The company is focusing on emerging industries such as quantum technology and life sciences, aiming to build new pillars of industrial growth[12]. Research and Development - Research and development expenses increased by 30% to RMB 1.2 billion, emphasizing the commitment to innovation[1]. - Research and development investment increased by 3.4% to RMB 7.3 billion, with significant breakthroughs in AI PC and multiple AI servers launched[11]. - The company has invested in nearly 40 technology projects, supporting national technological self-reliance and innovation[11]. - Lenovo Group's R&D investment increased by 3% year-on-year, reflecting its commitment to technological innovation[15]. - The company is committed to enhancing its research and development capabilities in new technologies to maintain competitive advantage in the market[131]. Market Expansion and Strategic Acquisitions - Legend Holdings is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2025[1]. - The company is actively pursuing strategic acquisitions, with a focus on technology firms, aiming to complete at least two acquisitions by the end of 2024[1]. - The company is exploring partnerships with international firms to bolster its global supply chain resilience[1]. - Lenovo Group plans to enhance its AI capabilities and expand its product offerings in the non-PC segment, focusing on electronic accessories and collaborative office solutions[22]. Financial Position and Assets - The company's total assets as of June 30, 2024, amounted to RMB 678,942 million, reflecting a 2% increase from RMB 665,733 million as of December 31, 2023[9]. - The total cash and cash equivalents as of June 30, 2024, were RMB 71,837 million, an increase from RMB 63,782 million as of December 31, 2023[62]. - Total liabilities rose to RMB 580,608,455 thousand as of June 30, 2024, from RMB 565,613,611 thousand as of December 31, 2023, marking an increase of around 2.00%[94]. - The company's total liabilities increased by approximately 4.0% from CNY 558,000,000 in 2023 to CNY 580,608,455 in 2024[134]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was RMB 20,443,880 thousand, a significant increase from RMB 1,661,064 thousand in the same period of 2023, resulting in a net cash inflow of RMB 17,853,549 thousand compared to a net outflow of RMB 1,972,096 thousand in 2023[97]. - Cash used in investing activities amounted to RMB 3,653,802 thousand, an increase from RMB 1,893,723 thousand in the previous year, primarily due to higher investments in property, plant, and equipment[97]. - The company reported a total cash and cash equivalents balance of RMB 67,628,357 thousand at the end of the period, compared to RMB 66,247,418 thousand at the end of June 2023, indicating a positive cash flow trend[98]. Employee and Operational Metrics - As of June 30, 2024, the company employed approximately 86,948 staff, emphasizing the importance of building a high-performance team to support strategic and business development[74]. - Employee benefits expenses for the six months ended June 30, 2024, were RMB 22,428,728 thousand, up from RMB 20,949,813 thousand in 2023, indicating a growth of about 7.1%[139]. Financial Risks and Management - The company faces various financial risks, including market risk (foreign exchange, interest rate, and price risks), credit risk, and liquidity risk, with a focus on minimizing potential adverse impacts on financial performance[111]. - The company closely monitors foreign currency-denominated assets and liabilities to mitigate foreign exchange risk, utilizing forward foreign exchange contracts when necessary[112]. - Credit risk primarily stems from loans issued by Luxembourg International Bank and non-banking subsidiaries, with internal credit risk ratings used to assess default probabilities[115]. Shareholder Information - Major shareholder Guokai Holdings holds 684,376,910 domestic shares, representing 63.11% of the domestic shares and 29.04% of the total issued shares[88]. - The company has a stock option plan approved on June 13, 2019, with an exercise price of HKD 16.856, valid from January 1, 2021, to December 31, 2025[84].

本报告仅供 Choice 东方财富 使用，请勿传阅。 haying@essence.com.cn 相关报告 [Table_Finance1] (百万元) 2022A 2023A 2024E 2025E 2026E 营业收入 483,663 436,012 453,452 483,834 525,927 归母净利润 1,167 -3,874 564 1,227 1,584 公司快报 2024 年 09 月 05 日 联想控股(03396.HK) 业绩表现环比修复，产业聚焦科技创新 ■事件：公司披露 2024 年中报，上半年实现收入 2334 亿元（YoY+16%）， 归母净利润 2.86 亿元（YoY-57%），环比显著改善。净利润同比下滑主 因：1）产业运营板块：受市场及行业波动影响，2024H1 贡献归母净利 润达 14.33 亿元（YoY-17%），其中联想集团实现归母净利润同比+70%， 佳沃实现归母净亏损达 2.91 亿元。2）产业孵化与投资板块：受资本市 场波动、IPO 节奏收紧、减持进度放缓等影响，归母净亏损 4.51 亿元。 ■产业运营：联想集团受益于 AI 科技爆发，水产业务拖累佳沃亏损。 2 ...

Financial Performance - The company's revenue for the six months ended June 30, 2024, was RMB 233,364 million, representing a 16% increase from RMB 201,286 million in the same period of 2023[3]. - The net profit attributable to equity holders of the company decreased to RMB 286 million, down 57% from RMB 668 million in the prior year[5]. - The basic earnings per share for the first half of 2024 was RMB 0.12, compared to RMB 0.29 for the same period in 2023[3]. - Lenovo Group achieved revenue of RMB 233,364 million, representing a year-on-year growth of 16%[11]. - The net profit for Lenovo Group was RMB 2,805 million, while the net profit attributable to equity holders decreased by 57% to RMB 286 million due to market volatility and unfavorable investment conditions[11]. - Total revenue for the six months ended June 30, 2024, was RMB 233.36 billion, an increase of 15.9% from RMB 201.29 billion in the same period of 2023[83]. - Gross profit for the same period was RMB 40.38 billion, up from RMB 35.75 billion, reflecting a gross margin improvement[83]. - Net profit for the six months ended June 30, 2024, was RMB 2.80 billion, compared to RMB 2.22 billion in 2023, representing a 26.3% increase[84]. Research and Development - The company invested RMB 7.3 billion in research and development, an increase of 3.4% year-on-year, focusing on AI, biomedicine, new materials, and new energy[8]. - Research and development investment increased by 3% year-on-year, reflecting Lenovo's commitment to technological innovation[13]. - The company is actively developing new materials and green industry projects, with several projects already completed in the first half of the year[10]. - The company has cumulatively invested in over 250 AI enterprises, positioning itself at the forefront of the industry[9]. Technology and Innovation - The company launched the world's first AI PC with five key features and multiple AI servers during the reporting period[8]. - Lenovo's AI PC offerings have gained significant traction, with non-personal computer business revenue reaching a historic high of nearly 47% in the second quarter[13]. - The company aims to strengthen its core competitiveness by accelerating the development of new productive forces and fostering emerging industries[7]. - Lenovo Group's intelligent devices and solutions business achieved revenue growth driven by AI[15]. Market Performance - The revenue contribution from the industry operations segment was RMB 231,139 million, with a 16% increase from RMB 199,279 million in the previous year[4]. - The company reported a significant increase in revenue from the Lenovo Group, which rose by 17% to RMB 207,998 million[4]. - The global market share for Lenovo Group in the personal computer segment reached 23%, with a notable increase in shipment and activation volumes[19]. - Smartphone revenue in the Asia-Pacific and Europe/Middle East/Africa regions grew by 252% and 62% respectively, with high-end smartphone revenue accounting for a record 30%[20]. Investments and Acquisitions - Lenovo has invested over RMB 20 billion in the manufacturing sector, supporting more than 2,000 growth-oriented manufacturing enterprises[9]. - The company aims to enhance its product competitiveness and delivery capabilities in the AI infrastructure sector, focusing on high-margin and high-value-added products[22]. - Future strategies include increasing investment in non-PC areas such as electronic accessories and collaborative office solutions to drive further growth[20]. - The company plans to pursue strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for this purpose[156]. Financial Position and Liabilities - The total assets of the company as of June 30, 2024, were RMB 678,942 million, reflecting a 2% increase from RMB 665,733 million at the end of 2023[6]. - The total liabilities of the company reached RMB 580,608,455 thousand, compared to RMB 565,613,611 thousand, indicating an increase of approximately 2.6%[90]. - The company's current liabilities were approximately RMB 459,095 million, exceeding current assets by about RMB 152,840 million as of June 30, 2024[98]. - The company has a core Tier 1 capital adequacy ratio of 13.88% as of June 30, 2024, indicating a stable financial position[76]. Operational Efficiency - The company is focusing on enhancing its technology and product offerings to drive future growth[91]. - The company aims to reduce operational costs by 15% through efficiency improvements in the supply chain[156]. - The company plans to enhance its operating cash flow and working capital situation by accelerating the collection of receivables and deferring discretionary capital expenditures if necessary[99]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 25% for the second half of 2024[156]. - The management expects stable or improved operating performance in the next twelve months, supporting continued cash inflows[99]. - Future outlook includes continued investment in technology startups and expansion into new markets, aiming for sustainable growth[112].

Financial Performance - Lenovo Holdings reported a revenue increase of 15% year-over-year, reaching RMB 100 billion in 2023[1]. - The company achieved a sales revenue of RMB 436 billion in 2023, a year-on-year decline of 10%[9]. - Lenovo Holdings reported a revenue of RMB 436,012 million for 2023, a decrease of 10% compared to RMB 483,663 million in 2022[30]. - The net profit for Lenovo Holdings in 2023 was RMB 630 million, down 94% from the previous year[33]. - The attributable net loss to equity holders was RMB 3,874 million, a significant decline from profit in the previous year, primarily due to market and industry factors affecting the performance of Lenovo Group and Legend Holdings[33]. - The revenue from the industry operations segment was RMB 431,589 million, also reflecting a 10% year-on-year decline[35]. - The attributable net profit from the industry operations segment was RMB 3,078 million, down 36% from RMB 4,820 million in 2022[35]. - The company reported a net profit margin of 12%, an increase from 10% in the previous year[9]. - The industrial operations segment generated revenue of RMB 431.59 billion, also down 10% year-on-year, with a net profit attributable to Lenovo Holdings' equity holders of RMB 3.08 billion, a decline of 36%[20]. Market and Business Strategy - The company expects a revenue growth forecast of 10% for the next fiscal year, driven by new product launches and market expansion[3]. - Lenovo is investing RMB 2 billion in R&D for new technologies, focusing on AI and cloud computing solutions[4]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[5]. - Lenovo has completed the acquisition of a local tech firm, enhancing its capabilities in smart devices and IoT[6]. - Lenovo's strategic partnership with a leading cloud service provider aims to enhance its service offerings and drive growth in the enterprise segment[10]. - The company remains the leader in the global PC industry and ranks among the top three in the server industry[10]. - The company launched the world's first AI PC, showcasing its commitment to innovation[10]. - The company is focused on enhancing its risk resistance capabilities and integrating into high-quality development[9]. Research and Development - The company achieved a research and development expenditure of RMB 14.8 billion in 2023, which is approximately six times its pre-tax net profit, with an R&D expense ratio increasing from 2.6% in 2021 to 3.4% in 2023[12]. - The company has invested in over 200 AI enterprises over the past 20 years, establishing a comprehensive layout across various AI layers, enhancing its ecological advantages in the AI sector[13]. - The company’s innovation development center has established connections with over 60 tech enterprises, universities, and research institutions, identifying 40 technologies for further industrialization[14]. - Lenovo Group has been recognized as the largest computing power provider globally, applying its computing resources to over 300 enterprises to support the digital transformation of various industries[14]. Challenges and Risks - The external environment has posed significant challenges, including geopolitical conflicts and rising overseas debt costs[10]. - The global PC market shipment volume declined by nearly 15%, reaching the lowest point in nearly 20 years[10]. - The company is facing significant macroeconomic risks due to high interest rates in the US and Europe, geopolitical conflicts, and rising global trade protectionism, which could impact business and profitability[90]. - The company’s subsidiaries are exposed to raw material price fluctuations, including animal protein and coal, which could affect operational stability if not managed effectively[91]. - The company emphasizes strategic control over acquired businesses to mitigate post-merger integration risks, focusing on cultural compatibility and operational management[93]. Corporate Social Responsibility - The company has committed approximately RMB 150 million to social welfare and educational initiatives in 2023[28]. - Lenovo Holdings is actively aligning with national industrial planning and policies, focusing on key areas such as artificial intelligence and new materials to support the growth of emerging industries[23]. - The company has maintained a 100% compliance rate for pollutant emissions since its inception, adhering strictly to national environmental protection policies[95]. - The company has established a comprehensive environmental emergency system to prevent and manage environmental incidents, alongside improving production processes to reduce energy consumption[134]. Employee and Governance - The company employs approximately 89,577 employees as of December 31, 2023[108]. - The company has established a comprehensive compensation system for core management and general employees, aligning with market benchmarks to ensure competitiveness[108]. - The board of directors recommends not to distribute a final dividend for the year ending December 31, 2023, compared to a dividend of RMB 0.20 per share in 2022[111]. - The company emphasizes talent development and training, ensuring a smooth promotion pathway and providing ample training resources[110]. - The management team has extensive experience in financial management and investment, contributing to the company's strategic decisions[125]. Investment and Financial Strategies - The company plans to enhance its core competitiveness by leveraging its strengths in artificial intelligence and other fields[29]. - The company is focusing on innovation-driven development, enhancing product structure, and increasing the proportion of high-margin products in response to market challenges[21]. - The company has established a joint venture with NEC Corporation, holding a 66.6% stake, to operate personal computer businesses in Japan, enhancing market presence[177]. - The company has a financial support agreement with Better Education Group Corporation, allowing for up to ¥2.1 billion in financial assistance over a 36-month period, aimed at supporting operational and business development needs[178].

提起富二代，人们往往能联想到中国前首富王健林之子——王思聪。 他的生活可谓奢华至极，综合媒体报道，王思聪出行必得又百万级豪车为伴，顶级夜店有人专门为其空出车位，身边美女如云自是不用提，这种纸醉金迷 的梦幻生活，令多少人心生向往。 然而，富二代中也不乏独特之人。他不爱美女爱"丑女"，不爱奢华爱简单，这位别具一格的富二代，叫做刘鸣炜。 与富二代王思聪的"人尽皆知"相反，不少人对"刘鸣炜"三个字并没有多少感觉，但他的父母大家一定不陌生，因为他们皆是香港的超级大富豪。 其母宝咏琴，是个兼具学识与头脑的女强人，先后进军地产行业和股票投资领域，是当时的香港第二女富豪。其父刘銮雄更厉害，拥有4家上市公司，身 家超过200亿美元，一度比肩香港首富李嘉诚。 作为富二代，刘鸣炜在大众眼中不甚出名，但他从小到大可是个妥妥的学霸。 据了解，刘鸣炜出生于1979年，21岁21岁毕业于英国伦敦大学国王学院，不仅拿到了美国的注册律师，还考过了CFA（特许金融分析师），27岁拿到法律 博士学位，成为北京大学史上最年轻的名誉校董。 惊人的学习能力是一方面，刘鸣炜还继承了父亲的商业天赋。2006年，他进入父亲的企业，代替刘銮雄担任华人置业的执行 ...

IT之家 4 月 19 日消息，根据市场调查机构 Counterpoint Research 近日发布的报告，2024 年第 1 季度全球个人电脑（PC）出货量同比增长 3%，在连续下跌 8 个季度之后首次实现正增长。 Global PC Shipments, Q1 2024 vs Q1 2023 (In Million Units) 13.7 12.7 12.0 11.9 9.2 9.3 6.0 4.9 3.6 13.7 Others 13.6 Q1 2024 ■Q1 2023 报告认为这一方面是 2023 年第 1 季度的基数较低，而另一方面是 AI PC、不同行业出货量复苏以及新一轮更新换代周期共同推动的. 与去年相比，联想 2024 年第一季度的个人电脉出货量增长了 8%。 该品牌成功夺回了 24% 的市场份额，而 2023 年第一季度为 23%。 M3 基本型号支撑. IT之家附上参考地址 · PC Market Back in Black in Q1 2024; AI PCs to Drive 2024 Growth 广告声明：文内含有的对外跳转链接（包括不限于超链接、二维码、口令等形式），用于传 ...

文｜李然、陈斯达 编辑｜苏建勋 4月18日上午，联想TechWorld 2024在上海开幕。所有人都在期待，作为传统PC时代的老大，联想将如何满足用户在AI时代对于PC的想象。 图源：直播 在苹果即将完成用AI改造Mac产品线的窗口期，联想有没有机会抢占先机，用开创性的产品提前抢占用户心智？ 同时，作为英伟达全球最重要合作伙伴的联想，如何在汹涌的AI淘金热中分一杯羹？ 联想用一场发布会，或多或少地回答了这些问题。 图源：直播 发布会一开始，联想总裁杨元庆就旗帜性地表明： 首先，AI不是未来替代人类的Artificial Intelligence，而是为人类所用，增强人类的Augmented Intelligence。 而更重要的是，以大模型为代表的AI新纪元，未来绝对不会是一个超级AI模型服务全世界的格局，而是不同体量的模型在云端、本地、端侧设备协同创造 价值的格局。 而作为AI发挥能力的重要平台，PC将承载"AI能力"和"个人数据"连接点的作用，在AI技术的加持下，演化成为AI Personalized Computer。 AI PC时代已来。 图源：直播 大会上，联想发布了内嵌个性化AI智能体"联想小天" ...