Core Insights - Lenovo has quietly achieved significant financial success, with a notable increase in revenue and profit, contrasting with its low profile in the tech industry [1][3]. Financial Performance - Lenovo Holdings reported a revenue of 136.2 billion yuan for Q1 of the 2025-2026 fiscal year, marking a 22% year-on-year increase and setting a record for Q2 [3]. - Net profit surged by 108% to 3.66 billion yuan, effectively doubling compared to the previous year [3]. Company Structure - Lenovo Holdings is distinct from Lenovo Group; the former is a diversified investment holding company, while the latter focuses on IT products like PCs and smartphones [5]. - Lenovo Holdings manages substantial capital and operates several investment funds, including Hongyi Investment, Junlian Capital, and Lenovo Star, investing in hundreds of companies domestically and internationally [5]. Business Segments - The majority of Lenovo Holdings' revenue comes from its smart business segment, primarily driven by Lenovo Group, which generated 97.3 billion yuan in Q2 [7]. - The smart business segment grew by 18%, with PC and related business revenue increasing by 19%, achieving double-digit growth across nearly all major regions [7]. Mobile and Infrastructure Performance - The mobile segment reported revenue of 16.2 billion yuan, reflecting a 14% year-on-year growth, with strong performance in markets like the US, Europe, Africa, and India [9]. - Lenovo's infrastructure solutions generated 31 billion yuan in revenue, while its service solutions brought in 16.3 billion yuan [9].