LENOVO GROUP(HK:00992) Zheng Quan Shi Bao Wang·2025-11-24 13:25Core Insights - Lenovo is committed to accelerating China's intelligent transformation through a "hybrid AI" approach, aiming to build a robust equipment library and enhance direct customer engagement [1] - Lenovo's PC market share has increased from 35.5% in the 2017/18 fiscal year to 40.6% in the first half of the 2025 fiscal year, maintaining its leading position [1][2] - The company's revenue in the first half of the 2025/26 fiscal year grew by 24% year-on-year, setting a new record for that period [2] Customer Engagement - Lenovo's direct customer engagement model has achieved an 80% coverage rate, directly reaching 90% of the 260,000 most important enterprise clients in China [1] - The company has directly engaged nearly 10 million small and medium-sized enterprises and over 245 million individual customers, representing 41% of the effective purchasing population [1] AI Infrastructure and Solutions - Lenovo's infrastructure business revenue has grown by 175% over the past two and a half years, making it the fastest-growing AI infrastructure provider in China [2] - The "Intelligent Army" initiative includes various intelligent agents across multiple business areas, contributing to significant sales growth, with over 1.8 billion yuan in sales during the "Double 11" shopping festival [2] AI Adoption Rates - The adoption rate of personal AI among individual customers has increased from 23% to 47%, while enterprise AI adoption has surged from 30% to 92% within the year [3] - Lenovo plans to enhance its personal AI, Tianxi AI, to version 4.0 by April next year, evolving from a "helper" to a "teammate" [3] Comprehensive AI Strategy - Lenovo has developed a full-stack AI capability covering AI infrastructure, solutions, and services, with a strategy that includes a comprehensive AI computing solution and various AI service offerings [4] - The company aims to integrate over 170 intelligent agents into its business processes within the fiscal year, with an expected AI penetration rate of over 24% in L4-level processes [4]