LENOVO GROUP(HK:00992) Xin Jing Bao·2025-11-20 08:49Core Insights - Lenovo's Chairman and CEO, Yang Yuanqing, highlighted that the rapid development of AI technology has led to a surge in global demand for critical components such as memory, flash storage, and solid-state drives, resulting in short-term price volatility [1] - Lenovo has established long-term stable partnerships with core suppliers to secure the supply of key components and effectively manage cost fluctuations impacting profits [1] - The upgrade cycle for PCs based on Windows 10 is not yet over, and its driving effect will continue for several quarters, with AI PCs being a significant growth driver [1] Financial Performance - Lenovo reported a 15% year-on-year revenue growth for the second quarter of the 2025/26 fiscal year, reaching 146.4 billion RMB, marking a historical quarterly high [2] - Adjusted net profit increased by 25% year-on-year to 3.66 billion RMB, with AI-related business revenue now accounting for 30% of total revenue [2] - The Intelligent Devices Group (IDG) generated revenue of 108.1 billion RMB, a 12% increase year-on-year, with PC market share exceeding 25% for the first time [2] - The Infrastructure Solutions Group (ISG) achieved approximately 29.3 billion RMB in revenue, up 24% year-on-year, while the Solutions and Services Group (SSG) saw an 18% year-on-year revenue increase [2]