Core Insights - Lenovo Group has signed a strategic cooperation agreement with Dunhuang City, Gansu Province, to leverage its "full-stack AI" strategy and urban super-intelligent body technology to drive intelligent transformation in various sectors including culture and tourism, agriculture, low-altitude economy, and urban governance [2][3] Group 1: Strategic Cooperation - The partnership aims to establish a new benchmark for smart city construction along the Silk Road, assisting Dunhuang in entering the era of Smart City 4.0 [2] - The collaboration will utilize Lenovo's advanced technologies in AI, big data, IoT, and cloud computing, combined with Dunhuang's unique cultural tourism resources and geographical advantages [2][3] Group 2: Technology Framework - Lenovo's urban super-intelligent body is based on advanced large model technology and a multi-agent collaborative architecture, forming a leading "1+N intelligent body" technology system [3] - The "1" represents a unified super-intelligent core that integrates four key engines: multi-modal perception, cognitive reasoning, decision planning, and intelligent orchestration, capable of processing vast amounts of heterogeneous data in real-time [3] - The "N" signifies multiple specialized intelligent bodies trained on domain-specific large models, equipped with capabilities for understanding domain knowledge, complex scenario reasoning, and parallel processing of multiple tasks [3] Group 3: Implementation and Recognition - Lenovo's urban super-intelligent body has been implemented in various cities across China, including Wuyishan, Yichang, Hohhot, Shanghai Hongkou, Shaanxi Xixian New Area, and Shenzhen Guangming District [4] - The initiative has received recognition, winning the "2025 Digital Government Innovation Solution" award from the China Internet Association for its innovative technology architecture and extensive practical applications [4]

Core Insights - Lenovo Group has signed a strategic cooperation agreement with Dunhuang City to promote intelligent transformation in various sectors, leveraging Lenovo's AI strategy and technology advantages [2][3] - The partnership aims to establish a new benchmark for smart city construction along the Silk Road, facilitating Dunhuang's transition into the Smart City 4.0 era [2][4] Group 1: Strategic Cooperation - The agreement emphasizes mutual benefits, compliance with laws, and the integration of smart technology with urban development [4] - Lenovo's City Super Intelligent Body will utilize advanced AI technologies, including deep learning and natural language processing, to create a city-level intelligent system [4][5] Group 2: Sector-Specific Applications - In the cultural tourism sector, AI will be used for the digital protection and inheritance of Dunhuang's cultural heritage, enhancing visitor experiences through data-driven management [5] - The agricultural sector will benefit from smart agriculture systems aimed at precision management and brand development for local products [5] - The low-altitude economy will be supported through the development of related industries in conjunction with Dunhuang International Airport [5] - Urban governance will see improvements through real-time monitoring and intelligent regulation of city operations [5] Group 3: Future Directions - Lenovo plans to continue applying large model technology across various sectors, contributing to the creation of smarter, more efficient, and livable modern cities [5]

Core Viewpoint - Lenovo Group's Chairman and CEO Yang Yuanqing emphasizes the importance of a "human-centered intelligence" approach in the AI era, advocating for technology goals aligned with human values, practices that bridge development gaps, and a multi-stakeholder governance system to establish "human-centered intelligence" as the foundation of a shared digital future [2][3]. Group 1: AI Innovation and Human-Machine Interaction - The current wave of AI model innovation is not only about creative functionalities like text-to-image and text-to-code but also about redefining human-machine interaction, making human-machine collaboration a new paradigm [2]. - The shift from "Internet+" to "AI+" signifies a transition from enhancing connectivity to emphasizing "human-centric power," where the ability to harness AI becomes a new productive force driving industrial transformation [2]. Group 2: Hybrid AI and User-Centric Development - Hybrid AI is seen as an effective pathway for empowering various industries, focusing on user-centered personal superintelligence and smart devices, which can evolve into "intelligent twins" for individuals and enterprises [3]. - The new human-machine relationship necessitates a fresh perspective on AI development, where technology companies are responsible for ensuring that AI innovations align with human needs and ethical standards [3]. Group 3: Initiatives for Human-Centered Intelligence - Lenovo Group, as a proponent of the "human-centered intelligence" concept, has initiated the "Human-Centered Intelligence Development and Governance Initiative" in collaboration with various organizations, aiming to create an AI ecosystem that prioritizes human welfare and ethical considerations [4]. - The initiative has already attracted participation from 50 companies and institutions, highlighting a collective commitment to promoting the "human-centered intelligence" development philosophy [4].

十年前，"互联网+"浪潮对传统行业的变革主要体现在"连接力"——通过互联网平台让个人、企业和机 器在网络空间留下数据痕迹，通过信息交换提升资源配置效率，实现生产过程的流程再造；十年 后，"人工智能+"对各行各业的影响则主要体现在"人本力"——当机器作为有认知、决策和执行能力的 主体进入网络空间，人类驯化和驾驭人工智能的能力，也就是人机关系，已经成为驱动产业变革的新质 生产力。 他指出，当前混合式人工智能已经成为人工智能赋能千行百业、实现普及普惠的有效路径。通过打造以 用户为中心的个人超级智能体和智能终端设备，通过为企业部署定制化、本地化的大模型并开发企业超 级智能体，能够帮助个人和企业使用混合式人工智能。这样的超级智能体通过不断学习进化，将成为个 人和企业的"智能双胞胎"。由此带动AI产业未来向以个人和企业为中心的"人本智能"转变。 据悉，联想集团联合中国ESG30人论坛等组织在去年发起《人本智能发展与治理倡议》，与众多科技企 业和机构共同承诺践行和推广"人本智能"发展理念，共建"以人为本、智能向善"的人工智能发展生态， 迄今已有50家企业和机构加入该倡议。 近日出版的《中国网信》杂志，刊发了联想集团董事长兼 ...

Core Insights - The global tablet market experienced a 5% year-over-year growth in Q3 2025, reaching 40 million units shipped, marking the seventh consecutive quarter of growth [1][3] - Lenovo led the industry with a remarkable 23% year-over-year increase in tablet shipments, surpassing Huawei to reclaim the third position in the global tablet market with a 9.1% market share [1][2] - Lenovo also excelled in the Chromebook segment, achieving a 54.6% year-over-year growth rate, highlighting its strong competitive position in the tablet sector [1][2] Market Performance - The overall tablet market growth was driven by seasonal stocking ahead of overseas holidays and promotional events in the Asia-Pacific region, particularly during the Double 11 sales [3] - Lenovo's tablet shipments reached 3.7 million units, significantly benefiting from its expansion in the commercial tablet business across Europe, the Middle East, and Africa (EMEA) [3] AI Integration - Lenovo's high growth in the tablet market is attributed to the comprehensive empowerment of its terminal products through AI technology, collaborating with partners like NVIDIA and Intel to transform tablets into "AI terminals" [4] - In the PC market, Lenovo achieved a market share of 25.5% with a year-over-year growth rate of 17.3%, outperforming the market average of 9.4% and all major competitors [4][5] Future Trends - The demand for terminal devices with strong AI capabilities is expected to surge, with Lenovo establishing a first-mover advantage in the emerging edge AI market through its "hybrid AI" strategy and large shipment volumes [6]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年10月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 聯想集團有限公司 | | | 呈交日期: | 2025年11月3日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 第 1 頁 共 11 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00992 | | 說明 | 港幣櫃台 | | | | | | 多櫃檯證券代號 | 80992 | RMB 說明 | | 人民幣櫃台 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | ...

Core Insights - Lenovo Group has achieved significant recognition in the field of intelligent transformation, winning two prestigious awards: the 2025 Dingge Award and the Ram Charan Management Practice Award for Digital Transformation [1][3][5] Group 1: Awards and Recognition - Lenovo Group received the Dingge Award for its outstanding performance in intelligent transformation, recognized for breakthroughs across six dimensions: strategy, organization, processes, culture, models, and technology [3] - The Ram Charan Management Practice Award was awarded to Lenovo for its innovative practices in integrating AI with management systems, emphasizing replicable organizational change and management innovation [5] Group 2: Intelligent Transformation Strategy - Lenovo is transitioning from a digital enterprise to an AI-native enterprise by leveraging AI-driven process collaboration, data insights, and decision optimization across its entire value chain [4] - The company aims to make AI a core driver of business growth and organizational evolution, identifying high-value application scenarios and enhancing operational efficiency and responsiveness [4][6] Group 3: Implementation and Applications - In marketing, Lenovo's AI assists teams in rapidly generating content for product promotion and customer engagement [6] - In sales, AI empowers outbound calls, configuration, and customer recommendations, while in supply chain management, it promotes a shift from localized optimization to full-chain intelligent upgrades [6] - Legal functions benefit from AI through automated non-standard sales contract reviews and multilingual contract translation [6] Group 4: Vision and Future Direction - Lenovo's strategic vision, "Smarter AI for All," aims to deeply integrate AI into products, processes, and ecosystems, fostering exceptional experiences and operational excellence [7] - The company emphasizes a sustainable path for intelligent transformation, ensuring that AI serves humanity and society effectively [7]

Group 1 - The company announced the termination of a major asset restructuring plan, which involved the acquisition of 80% equity in Zhizhetonghang Brand Management Consulting (Beijing) Co., Ltd. [1][3] - The decision to terminate the transaction was made due to changes in the external environment since the initial planning phase, and it was reached after friendly negotiations with all parties involved [3][4]. - The company confirmed that the termination of the transaction would not significantly impact its current business operations [3][4]. Group 2 - For Q3, the company reported a revenue of 204.34 million yuan, a year-on-year decrease of 30.41%, and a net profit attributable to shareholders of 4.15 million yuan, down 74.61% year-on-year [4][5]. - The company's total assets at the end of the reporting period were 1.03 billion yuan, reflecting an 8.30% decrease compared to the previous year [5]. - The company plans to hold an investor briefing on November 7 to discuss the termination of the major asset restructuring [3].

Core Viewpoint - The company has decided to terminate its major asset restructuring plan due to changes in the external environment and will withdraw its application documents [1][3]. Group 1: Termination of Major Asset Restructuring - The company announced on October 31 that it will hold the fourth board meeting on October 31, 2025, to review and approve the termination of the asset restructuring plan [1]. - The restructuring involved acquiring 80% of the shares of Zhizhe Tongxing Brand Management Consulting (Beijing) Co., Ltd. through a combination of issuing shares and cash payments [3]. - The decision to terminate was made after friendly consultations among all parties involved and thorough communication with intermediaries [3]. Group 2: Business Operations and Financial Performance - The company stated that its business operations remain normal and that the termination of the transaction will not significantly impact its current production and operational activities [3]. - For the third quarter, the company reported a revenue of 204.34 million yuan, a year-on-year decrease of 30.41%, and a net profit attributable to shareholders of 4.15 million yuan, down 74.61% year-on-year [4][5]. - The net cash flow from operating activities was negative 51.01 million yuan, reflecting a significant decline of 236.79% [5]. Group 3: Future Communication with Investors - The company plans to hold an investor briefing on November 7 to discuss the termination of the major asset restructuring and communicate with investors [3].

Core Insights - The article discusses the trends in artificial intelligence (AI) in China, highlighting the shift towards efficiency competition and the emergence of a new paradigm of human-AI collaboration in smart city development [1] Group 1: AI Trends in China - Current trends in Chinese AI include engineering innovation, open-source ecosystems, a shift from scale competition to efficiency competition, and the formation of application advantages through industry integration [1] - The concept of "Smart City 4.0" is introduced, which enhances traditional smart cities by integrating a "city brain" with advanced capabilities, reducing reliance on human intervention [1] Group 2: Lenovo's City Super Intelligent Body - Lenovo's City Super Intelligent Body is described as a cognitive operating system that serves as a multi-modal, cross-platform intelligent hub, acting as the main entry point for AI needs [2] - The architecture of the City Super Intelligent Body is based on a "1+N intelligent body" model, where a central hub coordinates multiple domain-specific intelligent bodies for urban governance and social services [2] - The goal is to transform smart city development from hardware-centric approaches to AI-driven operational cycles, enhancing the overall intelligence of urban governance and services [2]