Financial Performance - Lenovo Group achieved a record net profit of $640 million for the three months ended December 31, 2021, representing a year-on-year growth of 62%[4]. - The group's revenue for the third fiscal quarter exceeded $20.1 billion, marking a 17% increase compared to the same period last year[6]. - Revenue for the nine months ended December 31, 2021, was $54.924 billion, representing a 22% increase compared to $45.112 billion for the same period in 2020[19]. - The company reported a net profit of $1.72 billion for the nine months ended December 31, 2021, compared to $1.03 billion for the same period in 2020, indicating a growth of approximately 66.9%[37]. - The operating profit for the nine months ended December 31, 2021, was $2.49 billion, compared to $1.70 billion for the same period in 2020, reflecting a year-over-year increase of about 46%[37]. - The company reported a net profit of $681.7 million for the three months ending December 31, 2021, compared to $431.4 million for the same period in 2020, representing a 58% increase[38]. Revenue Growth - The smart devices business group saw a revenue increase of 16% year-on-year, contributing to a record operating profit margin[2]. - The Solutions Services Business Group reported a 25% revenue increase to $1.5 billion and a 44% increase in operating profit to $332 million, with an operating profit margin of 22.2%[10]. - Revenue from the smart devices business group reached $17.609 billion, with an operating profit of $1.352 billion for the three months ended December 31, 2021[28]. - Revenue from the China region was $14,736,639 thousand for the nine months ended December 31, 2021, up from $10,873,643 thousand in 2020, reflecting a growth of approximately 35%[49]. - The Americas region generated revenue of $17,481,734 thousand, an increase from $13,876,429 thousand in the previous year, marking a growth of about 26%[49]. Profitability Metrics - The group achieved a gross profit margin of 16.7%, up 0.5 percentage points year-on-year[3]. - The net profit margin reached 3.2%, marking seven consecutive quarters of year-on-year growth[6]. - The operating profit for the smart devices business group was $3.61 billion for the nine months ended December 31, 2021, compared to $2.76 billion in the same period of 2020, reflecting a 31% increase[23]. - The group reported a total comprehensive income of $1.7 billion for the nine months ending December 31, 2021, up from $1.3 billion in the same period of 2020, indicating a growth of approximately 34%[38]. Research and Development - Research and development spending increased by 38% year-on-year to support technology and service upgrades[5]. - The company plans to significantly increase R&D investment to achieve its mid-term goal of doubling net profit and to support long-term growth strategies[14]. - The company plans to invest in R&D to enhance competitiveness in next-generation product design and solutions, including the recent launch of enhanced Lenovo Open Cloud Automation Management software[17]. Operating Expenses and Cash Flow - Operating cash flow exceeded $2.6 billion year-to-date, with net debt reduced by $3.2 billion over the past 10 quarters[5]. - Operating expenses increased by 24%, driven by higher employee benefits costs and increased marketing investments of $262 million to boost brand awareness[21]. - The company reported a decrease in cash generated from operating activities, primarily due to increased interest and tax payments[41]. Market and Product Development - The company aims to enhance its product portfolio in the enterprise IT infrastructure sector to improve profitability and capture growth opportunities in AI-driven edge, hybrid cloud, and telecommunications solutions[16]. - The service business is identified as a structural growth engine, with a focus on expanding the TruScale as-a-service product portfolio to address customer pain points in hybrid work and multi-cloud management[17]. - The company has established a new Solutions Services Business Group to enhance service capabilities and provide new solutions, effective from March 31, 2022[46]. Foreign Exchange and Financial Management - The company reported a net foreign exchange loss of $109 million, highlighting challenges posed by currency fluctuations[21]. - The company recorded a net loss of $108.9 million from foreign exchange for the nine months ended December 31, 2021, compared to a loss of $37.4 million in the same period of 2020, indicating a significant increase in losses[22]. - The group has implemented consistent hedging policies to mitigate the impact of foreign currency fluctuations on daily operations[35]. Sustainability and Governance - The company is exploring pathways to achieve carbon neutrality by 2050, expanding sustainability initiatives and integrating innovative ESG features into its service offerings[18]. - The company has not violated any corporate governance codes as of December 31, 2021, except for the combined roles of the Chairman and CEO[89]. - The board appointed William O. Grabe as the Chief Independent Director to enhance governance and oversight[90].

Smarter technology for all 2QFY22 Earnings Announcement Nov 4, 2021 2021 Lenovo Internal. All rights reserved. Forward Looking Statement This presentation contains "forward-looking statements" which are statements that refer to expectations and plans for the future and include, without limitation, statements regarding Lenovo's future results of operations, financial condition or business prospects as well as other statements based on projections, estimates and assumptions. In some cases, these statements ca ...

Financial Performance - Lenovo reported revenue of $17.87 billion for the three months ended September 30, 2021, representing a 23.5% increase compared to $14.52 billion for the same period in 2020[7]. - Gross profit for the same period was $3.01 billion, with a gross margin of approximately 16.8%, up from $2.25 billion and a margin of 15.5% in the prior year[7]. - Operating profit for the three months ended September 30, 2021, was $816.56 million, a significant increase from $564.51 million in the same period last year, reflecting a year-over-year growth of 44.6%[7]. - The company’s net profit attributable to equity holders was $511.99 million for the three months ended September 30, 2021, compared to $310.20 million in the same period of 2020, marking a 64.9% increase[7]. - The company reported a diluted earnings per share of $3.96 cents for the three months ended September 30, 2021, compared to $2.48 cents in the same period last year, showing a 59.7% increase[7]. - The company reported a profit of $978,050 thousand during the period, contributing to a total equity of $4,138,816 thousand[13]. - The company achieved a record net profit attributable to equity holders of $978 million, a year-on-year increase of 87%, with revenue growing by 25% to $34.8 billion[104]. Revenue Growth by Segment - The Smart Devices Business Group reported revenue of $30,004.5 million for the six months ended September 30, 2021, an increase from $24,169.6 million in the same period of 2020, resulting in a growth of approximately 24.0%[20]. - The Infrastructure Solutions Business Group generated revenue of $3,802.6 million, compared to $3,077.3 million in the previous year, reflecting a growth of approximately 23.5%[20]. - The Solutions Services Business Group achieved revenue of $2,547.6 million, up from $1,909.9 million, marking an increase of approximately 33.4%[20]. - Total revenue for the company reached $34,797.9 million, a significant increase of approximately 25.0% from $27,866.8 million in the prior year[20]. Asset and Liability Management - Lenovo's total assets increased to $42.57 billion as of September 30, 2021, up from $37.99 billion as of March 31, 2021, indicating a growth of 12.9%[9]. - The company reported a total liability of $38,435,849 thousand as of September 30, 2021, an increase from $34,380,098 thousand as of March 31, 2021, indicating a rise of approximately 12.0%[10]. - The company’s total liabilities decreased from $8,543,031,000 as of March 31, 2021, to $9,637,955,000 as of September 30, 2021, indicating a strategic focus on managing debt levels[39]. - The company’s total liabilities amounted to $15,195,359,000, an increase from $13,178,498,000 as of March 31, 2021, representing a growth of approximately 15.3%[45]. Cash Flow and Investments - Net cash generated from operating activities for the six months ended September 30, 2021, was $2,471,820 thousand, compared to $1,561,912 thousand for the same period in 2020, reflecting a year-over-year increase of 58.0%[11]. - The company recorded a net cash outflow from financing activities of $896,841 thousand for the six months ended September 30, 2021, compared to $478,965 thousand for the same period in 2020, indicating a significant increase in cash outflow[12]. - The net cash used in investing activities was $534,959 thousand for the six months ended September 30, 2021, compared to $499,357 thousand for the same period in 2020, reflecting a slight increase in investment outflows[11]. - The company’s cash and cash equivalents increased to $3.65 billion as of September 30, 2021, compared to $3.07 billion as of March 31, 2021, indicating a growth of 18.9%[9]. Research and Development - Research and development expenses for the six months ended September 30, 2021, were $948.43 million, up from $639.10 million in the same period last year, reflecting a 48.3% increase[7]. - The company plans to significantly increase R&D investment to support sustainable profitability growth[111]. - The company launched several new products, including the TruScale as-a-service brand and the ThinkEdge AI edge platform[103]. Shareholder Returns and Dividends - The interim dividend declared per ordinary share was 8.0 HK cents, an increase from 6.6 HK cents in the previous year, resulting in a total dividend of $123,771,000 for the six months ended September 30, 2021[35]. - The company announced an interim dividend of HKD 0.08 per share, totaling approximately USD 123.8 million, an increase from USD 102.3 million in the previous year[132]. Corporate Governance and Management - The company has adopted the corporate governance code and confirmed compliance with the standards set forth in the code for the six months ending September 30, 2021[137]. - The board of directors is primarily composed of independent non-executive directors and holds quarterly meetings to review operations led by CEO Yang Yuanqing[137]. - The company has implemented its own securities trading policy for designated senior management, which meets or exceeds the standards of the adopted code[138]. - The independent non-executive directors will hold meetings at least once a year without management present to discuss relevant matters[137]. Sustainability Initiatives - The company aims to reduce greenhouse gas emissions by 1 million tons across its supply chain as part of its sustainability initiatives[113]. - The company plans to double its innovation investments to enhance competitiveness in next-generation product design and operational efficiency, with a commitment to reduce carbon emissions and achieve 90% renewable energy usage by FY 2025/26[113].

Financial Data and Key Metrics Changes - Group net income grew 65% year-on-year to US$512 million, with a net income margin improvement of 0.7 points [7][22] - Corporate revenue increased over 23% year-on-year to US$17.9 billion, and operating cash flow doubled year-on-year to US$1.6 billion [8][22] - Basic earnings per share rose to US$0.0442, representing a 71% growth year-on-year [23] Business Line Data and Key Metrics Changes - Solutions and Services Group (SSG) revenue grew 30% year-on-year to US$1.4 billion, with an operating margin of almost 21% [11][28] - Infrastructure Solutions Group (ISG) revenue reached an all-time high of nearly US$2 billion, up 34% year-on-year, with profitability improving significantly [13][33] - Intelligent Device Group (IDG) revenue increased by nearly 21% year-on-year, with commercial PC revenue growing 29% year-on-year [17][36] Market Data and Key Metrics Changes - Commercial demand for PCs grew 18% year-on-year, with SMB demand growing 48% year-on-year [16][62] - The global smartphone market is experiencing a reshuffle, providing Lenovo with growth opportunities, with smartphone revenue growing 27% year-on-year [18][38] - The IoT market is expected to surge by an 11% CAGR through 2025 [17] Company Strategy and Development Direction - Lenovo's strategy focuses on high-margin businesses and segments, aiming to double R&D investments over three years [9][43] - The company is leveraging its new IT technology architecture to capture market opportunities and drive digital transformation for customers [6][43] - Lenovo aims to become the largest and most trusted ICT infrastructure solution provider, with a focus on edge computing, hybrid cloud solutions, and 5G cloud-network convergence [15][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining profitability and growth, driven by strong execution of their strategy and market opportunities [5][20] - The company anticipates continued strong demand for PCs and infrastructure, with a focus on digital transformation and intelligent solutions [16][101] - Management acknowledged ongoing supply chain challenges but emphasized their ability to navigate these issues effectively [72][75] Other Important Information - R&D spending increased nearly 60% year-on-year, reflecting a commitment to innovation and differentiation [8][24] - The Board declared an interim dividend of HKD 0.08, representing a 21% increase from the previous fiscal year [23] Q&A Session Summary Question: Insights on PC business supply/demand and inventory - Management confirmed strong demand with significant backlog, particularly in commercial PCs, while consumer demand is mixed but remains above pre-COVID levels [58][62] Question: Future of commercial vs. consumer PC demand - Management is optimistic about both segments, expecting commercial growth to outpace consumer growth, which will remain above pre-COVID levels [71][72] Question: Update on IC shortage and gross margin outlook - The IC shortage remains a challenge, but management is confident in maintaining and potentially increasing gross margins through premium device sales and service penetration [72][74] Question: CDR withdrawal implications - Management clarified that the withdrawal of the CDR will not impact Lenovo's fundamentals or growth trajectory, as the company is already listed in Hong Kong [80][81] Question: Future net margin guidance - Management plans to double net margins over three years, driven by gross margin expansion and operational efficiency [90][92]

聯想集團有限公司2020/21年報股份代號 992 GAGH t 4000 : i e n S @ r t a - Aca 세종ps 關於聯想 財務摘要 4 董事長兼首席執行官報告書 8 聯想管理團隊 12 管理層討論及分析 16 企業管治報告 64 審核委員會報告 119 薪酬委員會報告 126 董事會報告 138 獨立核數師報告 168 綜合損益表 174 綜合全面收益表 175 綜合資產負債表 176 綜合現金流量表 178 綜合權益變動表 180 財務報表附註 182 五年財務摘要 279 公司資料 280 2020/21年報 聯想集團有限公司 1 聯想（HKSE: 992）（ADR: LNVGY）是一家年收入600億美元的《財富》世界 500強公司，服務遍佈全球180個市場的客戶。為實現「智能，為每一個可能」 的公司願景，我們通過開發改變世界的技術，提供創新智能設備與基礎設施， 打造智能化解決方案、服務與軟件，賦能全球億萬消費者，攜手成就一個更加 包容、值得信賴和可持續發展的數字化未來。歡迎訪問聯想官方網站https:// www.lenovo.com，並關注「聯想集團」微博及微信公眾號等社交媒體官 ...

Financial Data and Key Metrics Changes - Group revenue reached US$15.6 billion, growing 48% year-on-year, marking the fastest growth in almost a decade [6][23] - Pre-tax income increased to US$380 million, and net income reached US$260 million, both around five to six times higher than last year [7][12] - For the fiscal year, group revenue surged to over US$60 billion, with a pre-tax income of almost US$1.8 billion and net income of nearly US$1.2 billion, both up more than 70% year-on-year [12][28] Business Line Data and Key Metrics Changes - Intelligent Devices Group (IDG) revenue was US$12.4 billion, up 46% year-on-year, with profitability at an all-time high of 6.7% [7][25] - Mobile Business Group (MBG) revenue grew 86% year-on-year, with pre-tax income reaching a record US$21 million since the Motorola acquisition [9][26] - Data Center Group (DCG) revenue grew 32% year-on-year to US$1.6 billion, with profitability improving significantly [10][27] - Software and Services revenue grew 44% year-on-year, contributing 8% of overall company revenue [13][39] Market Data and Key Metrics Changes - All geographies experienced high double-digit revenue growth, particularly in China, which grew 80% year-on-year [8][25] - Tablet volume grew 157% year-on-year, significantly outpacing the market [8] - The Cloud Service Provider segment achieved 73% year-on-year growth, indicating strong demand in the data center market [11][37] Company Strategy and Development Direction - The company is focusing on a Service-led transformation to capture growth opportunities in the post-pandemic environment [14][20] - Three key industry trends identified: consumption upgrade, infrastructure upgrade, and application upgrade [14][15][16] - The organizational structure has been aligned with the 3S strategy, focusing on Intelligent Device Group, Infrastructure Solutions Group, and Solutions and Services Group [17][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustained strong demand for PCs and tablets, driven by behavioral changes during the pandemic [56][57] - The company anticipates continued growth in the education and corporate sectors, with significant investments in digitalization expected [64] - Management acknowledged ongoing challenges from chip shortages but emphasized confidence in their supply chain and manufacturing capabilities [53][58] Other Important Information - The company achieved a significant milestone by reducing greenhouse gas emissions by 92% over the past decade [20] - A final dividend of HKD0.24 per share was declared, reflecting a 10% increase compared to the previous fiscal year [31] Q&A Session Summary Question: Impact of chip shortage and future PC demand - Management indicated that the chip shortage is expected to persist for the next 12 to 18 months, but they do not foresee further deterioration [53][54] - They remain optimistic about strong PC demand, driven by a shift in consumer behavior and the need for device upgrades [56][57] Question: Education market penetration and corporate outlook - Strong demand for Chromebooks in the education sector is expected to continue, with corporate demand rebounding as companies transition from desktops to notebooks [61][64] Question: Future profitability of the Data Center Group - Management highlighted ongoing improvements in profitability driven by design wins and a focus on in-house manufacturing [66][68]

Smarter technology for all 4Q & FY20/21 Earnings Announcement May 27, 2021 2021 Lenovo Internal. All rights reserved. Forward Looking Statement This presentation contains "forward-looking statements" which are statements that refer to expectations and plans for the future and include, without limitation, statements regarding Lenovo's future results of operations, financial condition or business prospects as well as other statements based on projections, estimates and assumptions. In some cases, these statem ...

Smarter technology for all 3QFY20/21 Earnings Announcement Feb 3, 2021 nov 2020 Lenovo Internal. All rights reserved. Forward Looking Statement This presentation contains "forward-looking statements" which are statements that refer to expectations and plans for the future and include, without limitation, statements regarding Lenovo's future results of operations, financial condition or business prospects as well as other statements based on projections, estimates and assumptions. In some cases, these statem ...

Lenovo Group Limited (OTCPK:LNVGY) Q3 2021 Earnings Conference Call February 3, 2021 2:00 AM ET Company Participants Jenny Lai - VP of IR Yang Yuanqing - Chairman & CEO Wai Ming - Executive VP & CFO Gianfranco Lanci - Corporate President & COO Kirk Skaugen - Executive VP & President of the Data Center Group Conference Call Participants Sebastian Hou - CLS Howard Kao - Morgan Stanley Jenny Lai Good morning and good evening. Welcome to Lenovo's Earnings Webcast. Thanks to everyone for joining us. This is Jenn ...

Financial Performance - Lenovo Group reported revenue of $27,866,765 thousand for the six months ended September 30, 2020, representing a 7.0% increase from $26,034,142 thousand in the same period of the previous year[4]. - The gross profit for the six months ended September 30, 2020, was $4,293,861 thousand, up from $4,230,939 thousand year-over-year, indicating a slight increase in profitability[4]. - Operating profit for the six months ended September 30, 2020, was $1,000,382 thousand, compared to $784,395 thousand for the same period last year, reflecting a 27.5% increase[4]. - The net profit attributable to equity holders for the six months ended September 30, 2020, was $523,017 thousand, a significant increase from $364,421 thousand in the previous year, marking a 43.6% growth[4]. - The consolidated profit before tax for the six months ended September 30, 2020, was $1,215,318 million, compared to $1,045,615 million for the same period in 2019, reflecting an increase of approximately 16.2%[16]. - The company reported a net loss of $766,238 thousand for the period ending September 30, 2020, compared to a loss of $766,238 thousand in the previous year[10]. - The total comprehensive income for the period was $655,777 thousand, which includes a loss of $7,106 thousand from other comprehensive income[10]. - The company reported a pre-tax profit of $802,463 thousand for the six months ended September 30, 2020, an increase of 45.7% compared to $550,181 thousand for the same period in 2019[54]. Assets and Liabilities - Lenovo's total assets increased to $35,084,214 thousand as of September 30, 2020, compared to $32,128,167 thousand as of March 31, 2020, showing a growth of 9.1%[6]. - The company reported a total liability of $30,627,782 thousand as of September 30, 2020, up from $28,068,872 thousand, reflecting a rise of 9.1%[7]. - Total equity increased to $4,456,432 thousand as of September 30, 2020, up from $4,059,295 thousand as of March 31, 2020, representing a growth of 9.8%[7]. - Non-current liabilities rose significantly to $6,052,716 thousand, compared to $4,810,751 thousand, marking an increase of 25.8%[7]. - The company reported total non-current assets amounted to $1,438,749,000 for property, plant, and equipment, $7,980,138,000 for intangible assets, and $2,197,093,000 for deferred tax assets[34]. - The total liabilities increased to $30.628 billion from $28.069 billion as of March 31, 2020[91]. Cash Flow and Liquidity - Cash flow from operating activities generated a net cash of $1,561,912 thousand for the six months ended September 30, 2020, down from $1,700,743 thousand in the same period last year, a decrease of 8.2%[8]. - Cash and cash equivalents stood at $3,698,658 thousand as of September 30, 2020, compared to $3,550,990 thousand as of March 31, 2020, reflecting improved liquidity[6]. - Cash and cash equivalents at the end of the period increased to $3,698,658 thousand from $3,310,940 thousand, an increase of 11.7%[9]. - The company paid interest of $146,162 thousand during the period, significantly lower than $264,028 thousand paid in the previous year, a reduction of 44.7%[8]. - The company has access to a revolving credit facility of $3.075 billion as of September 30, 2020, up from $2.834 billion on March 31, 2020, indicating improved liquidity[48]. Revenue Breakdown - For the six months ended September 30, 2020, the Smart Devices Business Group generated external customer revenue of $24,776 million, while the Data Center Business Group generated $3,090 million, resulting in a total revenue of $27,866 million[16]. - Revenue from China increased to $6,530,255 thousand in 2020 from $5,507,563 thousand in 2019, reflecting a growth of about 18.5%[19]. - Revenue from the Europe/Middle East/Africa region rose to $7,016,055 thousand in 2020, up from $5,890,192 thousand in 2019, indicating a growth of approximately 19.1%[19]. - The total revenue for the Smart Devices Business Group increased from $23,347 million in the previous year to $24,776 million, reflecting a growth of approximately 6.1%[16]. - The data center business group reported external customer revenue of $3,090,509,000, with a pre-tax loss of $105,630,000, compared to $2,686,599,000 and a loss of $103,171,000 in the prior year[68]. Research and Development - Research and development expenses for the six months ended September 30, 2020, were $639,101 thousand, slightly down from $647,343 thousand in the previous year, indicating a focus on cost management[4]. - The company is investing heavily in new product development, with a budget allocation of $1 billion for R&D initiatives[137]. Employee and Operational Costs - Employee benefits costs increased to $2,027,074,000 from $1,881,027,000, reflecting a rise of approximately 8%[64]. - Operating expenses decreased by 4% year-over-year, with employee benefits costs increasing by $146 million due to higher bonuses and severance costs[62]. - The company recognized a severance cost of $75,006,000, contributing to the increase in employee benefits costs[68]. Future Outlook and Strategy - Future outlook includes plans for market expansion and potential acquisitions to enhance growth strategies[10]. - Lenovo plans to expand its market presence in Asia, targeting a 20% increase in market share by 2023[137]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a focus on AI and cloud computing[137]. - Lenovo anticipates a continued upward trend, projecting a revenue growth of 10% for the next fiscal year[137]. Corporate Governance - The company has adopted the corporate governance code and confirmed compliance with its provisions during the reporting period[134]. - The company’s board structure includes a majority of independent non-executive directors, ensuring effective oversight and governance[134]. - The company confirmed that all directors complied with the securities trading standards during the reporting period[135].