2026年2月12日，联想集团(HKSE：992)(ADR：LNVGY)公布2025/26财年第三财季业绩，截至2025年12 月31日，该集团实现营收1575亿人民币，同比增长超过18%；调整后净利润同比增长36%。 随着人工智能从技术部署阶段迈入价值兑现阶段，全球IT服务与AI解决方案市场正迎来新一轮结构性扩 张。在这一产业趋势下，第三财季，联想方案与服务业务集团(SSG)营收同比增长18%，连续第十九个 季度实现双位数增长，同时运营利润率进一步提升至22.5%。 联想集团董事长兼CEO杨元庆指出，"展望未来，随着AI深度融入个人的日常生活和企业的运营发展， 我们将持续推动混合式AI来把握AI普惠带来的机遇，加速增长并进一步改善盈利，为股东创造长期可 持续的切实回报。" 值得注意的是，AI服务营收实现了三位数增长，这标志着联想混合式AI解决方案正从试点探索阶段迈 向规模化复制阶段。目前，联想围绕制造、零售、体育、交通与智慧城市五大重点垂直行业，持续打造 了可复制的行业应用场景，并帮助客户构建了个性化的企业级超级智能体。随着AI服务收入占比的持 续提升，以及解决方案复制能力的增强，联想有望在"超越硬件"的业 ...

Group 1 - The core focus of the 2025 Digital City Forum is on leveraging cutting-edge technologies like artificial intelligence to modernize urban governance and develop new productive forces [1] - Lenovo's City Super Intelligent Body is introduced as a key component of the smart city 4.0 era, utilizing a "1*N" architecture to connect a city-level intelligent hub with multiple vertical intelligent bodies, enhancing urban governance and social services [1][2] - The transition from "artificial decision-making" to "human-intelligence co-creation" marks the evolution of smart cities into the 4.0 era, driven by advancements in AI and the capabilities of domestic open-source large models like DeepSeek [1] Group 2 - Lenovo has actively participated in the construction of smart cities in China, launching solutions like the "Green Smart City Solution" and the world's first City Super Intelligent Body, which has been implemented in various locations such as Wuyishan and Yichang [2] - The hybrid governance model of "silicon-based intelligence + carbon-based wisdom" is identified as a core feature of the smart city 4.0 era, with Lenovo aiming to further promote this model across more cities [2] - Lenovo's hybrid AI solutions have gained widespread recognition, contributing to its leadership in the Chinese IT service market and achieving the fastest growth rate for eight consecutive years [3]