Group 1 - Forbes China recently released the "Top 30 Chinese Enterprises in Global Operations" list for 2025, with Lenovo Group (00992) recognized for its large-scale overseas revenue, technology-driven growth model, and global collaboration capabilities in branding, supply chain, and R&D [1] - The average overseas revenue of the 30 listed companies increased by 63.2%, with a median contribution ratio of 45.5%. Lenovo's overseas revenue for the fiscal year 2024 reached 381.67 billion RMB, accounting for 77% of its total revenue, with a year-on-year growth rate of nearly 21.5% [1] - Lenovo's overseas revenue is significantly higher than many listed companies, being 56 times that of high-growth companies like NewEase (300502) and showing a notable advantage compared to BYD (002594) [1] Group 2 - Lenovo's global competitiveness is supported by its core business areas, with a global market share of 23.7% in the PC business for fiscal year 2024, maintaining industry leadership. Lenovo's AI PCs have become the top seller in the Windows AI PC category, driving overseas consumer revenue growth [2] - Lenovo's multinational operations are not reliant on a single product but are based on a "hybrid AI" strategy that encompasses a global business ecosystem covering consumer terminals and enterprise services, distinguishing it from other listed companies [2] - Lenovo's strategy aligns with the Forbes list's focus on companies advancing globally in branding, supply chain, and R&D, with AI PC sales enhancing its global recognition as a "smart terminal leader" [2] Group 3 - By deepening its overseas market presence, Lenovo effectively integrates global resources while benefiting the domestic market, with approximately 80% of its manufacturing, 70% of R&D personnel, and 60% of employees based in China, while over 70% of its revenue comes from overseas [3] - Lenovo has been recognized 11 times on the Gartner Top 25 global supply chain list, ranking eighth globally and remaining the only high-tech manufacturing company from Asia-Pacific in the top ten for four consecutive years [3] - Lenovo's inclusion in the list provides a new reference path for the globalization of Chinese tech companies, showcasing its unique approach of transitioning from "scale expansion" to "value cultivation" through a closed loop of "technology iteration - product innovation - ecosystem collaboration" [3] Group 4 - Looking ahead, Lenovo's multinational operations have significant expansion potential as global AI technology transitions from a "competition phase" to a "implementation phase." The demand for AI PCs is expected to continue growing, with IDC predicting that AI PC shipments will account for over 40% of total PC shipments by 2025 [4] - Lenovo's first-mover advantage positions it well to further expand its overseas market share, while the hybrid AI applications in various sectors such as industry, healthcare, and education will allow Lenovo to replicate its domestic technology implementation experience overseas [4]

Core Insights - Lenovo Group has been recognized in Forbes China's 2025 "Top 30 Chinese Enterprises in Global Operations" list due to its substantial overseas revenue, technology-driven growth model, and global collaboration capabilities in branding, supply chain, and R&D [1][3] Group 1: Financial Performance - Lenovo's overseas revenue for the fiscal year 2024 reached 381.67 billion RMB, significantly exceeding many listed companies, with a 77% contribution to total revenue and a year-on-year growth rate of nearly 21.5% [1][3] - The average overseas revenue growth for the 30 listed companies was 63.2%, with a median contribution ratio of 45.5%, highlighting Lenovo's superior performance [1][3] Group 2: Market Position - Lenovo holds a global market share of 23.7% in the PC business, maintaining its industry-leading position, and its AI PC sales have become the highest in the Windows AI PC category [3][4] - Lenovo's overseas revenue is 56 times that of some high-growth companies in the list, showcasing its significant scale compared to competitors like BYD [3][4] Group 3: Strategic Advantages - Lenovo's "Hybrid AI" strategy integrates terminal consumption and enterprise services, differentiating it from other companies on the list [3][4] - The company has over 30 manufacturing bases globally, including a "lighthouse factory" in Monterrey, Mexico, marking a significant achievement for a Chinese enterprise in the Americas [4] Group 4: Future Outlook - The demand for AI PCs is expected to continue growing, with IDC predicting that by 2025, AI PC shipments will account for over 40% of total PC shipments, providing Lenovo with opportunities to expand its overseas market share [5] - Lenovo aims to replicate its domestic technology implementation experiences in international markets, fostering a new growth logic of "global technology collaboration and regional market customization" [5]

这一成绩的背后，是联想在核心业务领域的全球竞争力支撑。福布斯中国数据显示，2024财年联想集团 PC业务全球市场份额达23.7%，持续保持行业领先地位；而在AI技术重构终端市场的背景下，联想AI PC在Windows AI PC类别中的销量跃居全球首位——这一细分市场的突破，成为拉动海外消费端收入增 长的关键动力。 联想的跨国经营并非依赖单一产品的"走出去"。在"混合式AI"战略下，联想集团构建了覆盖终端消费、 企业服务的全球化业务生态。这也成为联想区别于其他上榜企业的差异化优势。 正如福布斯中国在制榜说明中强调的，榜单聚焦"在品牌、供应链、研发端全面迈向全球化的公司"，联 想的"混合式AI"战略恰好贯穿了这三大维度：品牌层面，AI PC的热销强化了联想"智能终端领导者"的 全球认知。研发层面，全球研发中心深度参与AI算法与硬件的协同创新，确保技术落地速度与全球市 场需求同步。在供应链层面，联想在全球拥有30多个制造基地，覆盖北美、欧洲、东南亚等地。近日， 联想集团位于墨西哥蒙特雷的制造基地，成为首个中国企业在美洲获评的"灯塔工厂"。 近日，福布斯中国正式发布2025年"中国企业跨国经营30强"榜单，联想集团 ...