Zheng Quan Shi Bao·2025-08-14 18:19Core Viewpoint - Lenovo Group reported a strong performance for the first quarter of the 2025/2026 fiscal year, with revenue reaching 136.2 billion yuan, a year-on-year increase of 22%, marking a historical high for the same period [2] Group Summaries Financial Performance - The net profit under non-Hong Kong Financial Reporting Standards increased by 22% to 2.816 billion yuan [2] - According to Hong Kong Financial Reporting Standards, net profit surged by 108% to 3.66 billion yuan, primarily due to changes in the fair value of stock warrants [3] Business Segments - The Intelligent Devices Group (IDG) generated revenue of 97.3 billion yuan, a year-on-year growth of 17.8%, with the PC business achieving its fastest growth in 15 quarters [2] - The Infrastructure Solutions Group (ISG) saw revenue growth of 35.8% [2] - The Solutions and Services Group (SSG) reported a revenue increase of 19.8%, with an operating profit margin of 22.2% [2] AI and Market Position - AI PC shipments accounted for over 30% of total PC shipments, with AI PC shipments in the Chinese market reaching 27% of total notebook shipments [3] - The active user ratio for the "Tianxi" personal super intelligent agent reached an average of 40% [3] - Lenovo is advancing the construction of a unified AI entry point and exploring new paradigms for intelligent experiences across devices and ecosystems [3] Strategic Initiatives - Lenovo is building a full-stack AI product system centered on hybrid cloud platforms, intelligent agent management platforms, and industry-specific solution libraries [3] - The AI infrastructure business experienced a revenue increase of 155% year-on-year [3] - The company aims to shift market focus towards its core operational performance as reflected in non-Hong Kong Financial Reporting Standards [3]