Ge Long Hui·2025-11-19 23:47Core Insights - Lenovo Group reported a robust financial performance for the six months ending September 30, 2025, with a record revenue of $39.3 billion, representing an 18% year-on-year growth [1] - Adjusted net profit attributable to equity holders increased by 24% to $901 million, while net profit under Hong Kong Financial Reporting Standards rose by 40% to $846 million [1] - The board declared an interim dividend of HKD 0.085 per share, totaling approximately $135.4 million [1] Revenue Growth - The strong revenue growth was driven by an increase in global market share in personal computers across consumer and commercial sectors, record shipments of AI computers, and robust demand for AI infrastructure and related industries [1] - AI-related revenue accounted for 29% of total revenue, up 15 percentage points year-on-year, with the second quarter seeing an increase to 30% [1] Profitability and Cash Flow - Net profit margin increased by 35 basis points to 2.2%, highlighting the company's commitment to improving profitability and operational leverage across its three business groups [2] - Operating cash flow reached $2.8 billion, with free cash flow rising to $1.9 billion, supporting growth across all business groups [2] Research and Development - R&D expenditure grew by 8%, facilitating the development of a hybrid AI strategy and enhancing the AI capabilities across the product portfolio [2] - Lenovo launched a comprehensive range of AI-driven devices and experiences at the Innovation World 2025 event, reflecting its vision of "AI for All" [2] Second Quarter Performance - In the second quarter, revenue reached a new high of $20.5 billion, surpassing previous records set during the COVID-19 pandemic, with a year-on-year growth of 15% [3] - Adjusted net profit margin expanded to 2.5%, with all business groups and regions recording double-digit year-on-year revenue growth [3]