Zhong Guo Jing Ji Wang·2025-11-21 05:26Core Viewpoint - Lenovo's CEO Yang Yuanqing believes there is no AI bubble, emphasizing that AI encompasses various fields beyond large language models, including computer vision, autonomous driving, and industrial automation, with its widespread application just beginning [1] Group 1: AI Development and Market Impact - The rapid development of AI technology has significantly increased global demand for key components such as memory, flash storage, and solid-state drives, leading to short-term price fluctuations that may persist into next year [1] - Lenovo has launched over 200 AI technologies and hybrid AI products, with its self-developed X-Engine optimizing AI generation speed and energy consumption, reinforcing its leadership in the AI PC sector [3] - AI-related business revenue has increased to 30% of total revenue, up 13 percentage points year-on-year, indicating that AI is evolving from a supportive role to a core growth driver for Lenovo [3] Group 2: Supply Chain Management and Financial Performance - Lenovo's industry-leading supply chain management, ranked 8th globally and 1st in Asia, allows the company to secure key component supplies through long-term agreements, ensuring cost control and profit stability [2] - For the second fiscal quarter of 2025/26, Lenovo reported a revenue increase of 15% year-on-year to 146.4 billion RMB, marking a historical high for the quarter, with adjusted net profit rising 25% to 3.66 billion RMB, significantly exceeding market expectations [3] - The company is confident in maintaining double-digit growth in both gross and net profit margins, supported by flexible pricing strategies and the ongoing upgrade cycle of Windows 10 PCs [2]