联想集团2024/25财年全年业绩发布
文章语言：
简
繁
EN
Share
Minutes
原文
会议摘要
Lenovo Group achieved one of its best performances in the 2024-2025 fiscal year, with revenue increasing by over 21% year-on-year to reach 498.5 billion RMB, and net profit increasing by 36% according to non-Hong Kong financial reporting standards. In terms of business, the Intelligent Devices Group (IDG) saw strong double-digit growth, the Personal Computer business expanded its market-leading position, the Smartphone business reached a new high, the Infrastructure Solutions Group (ISG) achieved record revenue and profit improvement, and the Solutions and Services Group (SSG) saw double-digit growth in revenue year-on-year with an operating profit margin of over 21%. In the fourth quarter, all core businesses achieved double-digit revenue growth, driving a 23% year-on-year increase in the group's overall revenue and a 25% year-on-year increase in net profit. Lenovo emphasized its excellent operational capabilities, continuous investment in innovation, and accumulated experience in global operations, expressing confidence and strategic planning for future development, especially in the field of hybrid artificial intelligence layout and investment. In addition, Lenovo has also gained global recognition in sustainable development, showcasing strong performance in environmental, social, and governance indicators.
会议速览
Lenovo Group's performance for the 2024/2025 fiscal year achieved a new record high.In the ever-changing industry environment and challenging situation, Lenovo Group has achieved one of its best performances in the 2024/2025 fiscal year, with a year-on-year revenue growth of over 21% to reach 498.5 billion RMB, and a 36% increase in net profit. The proportion of business outside of personal computers has increased to 47%, with double-digit revenue growth in all major regions worldwide. Lenovo has demonstrated its vitality and resilience as a global company through steadfast execution of clear strategies, strengthened operational capabilities, and continued investment in innovation. Additionally, Lenovo has made significant progress in the field of artificial intelligence, laying a solid foundation for future development.
Lenovo Group Annual Performance Review and Future OutlookIn 2025, Lenovo Group achieved strong double-digit growth in IDG smart device business, further expanded its leading position in the personal computer market, and achieved record-high turnover in the smartphone business, especially in the Asia Pacific region and Europe, the Middle East, and Africa. Tablet sales grew by 15%, while ISG infrastructure solutions business significantly improved profitability and successfully turned losses into profits. SST solution services business also achieved double-digit growth, with an operating profit margin exceeding 21%. Looking ahead, Lenovo will continue to drive a strategy of parallel cloud infrastructure and enterprise infrastructure, optimize product portfolio, strengthen market sales capabilities, enhance operational resilience, and enhance capabilities within the framework of hybrid artificial intelligence advantage levels.
Lenovo Group 2024/25 Financial Year Performance ReportLenovo Group achieved a 21% revenue growth in the 2024/25 fiscal year, reaching $69 billion, setting the second-highest record in company history. Net profit under non-Hong Kong financial reporting standards increased by 36% year-on-year, reaching $1.4 billion. The strong performance is mainly attributed to leading products in the fields of devices, infrastructure, and services, and successful capture of market demand driven by artificial intelligence. The Group has established future advantages in the personal and enterprise artificial intelligence fields, and made significant progress in the field of hybrid artificial intelligence. In addition, Lenovo established a strategic partnership with PIF alert, completed a $2 billion zero-coupon convertible bond issuance and a $210 million warrants issue, strengthening its global presence. Earnings per share reached $11.3, and the board declared a final dividend of 30.5 Hong Kong cents per share, with a total dividend for the 2025 fiscal year reaching 39 Hong Kong cents per share.
Annual performance report of the groupThe group's annual performance report shows that operating cash flow remains strong at $1.1 billion, with cash balance increasing to $4.7 billion. Financial costs in the fourth quarter were effectively reduced by 20%, while inventory days increased by five days, leading to an increase in cash turnover period to two days. The revenue of the smart device business group increased by 13% year-on-year, with operating profit margin reaching 7.2%, and consolidating its leading position in the global personal computer market. The smart phone business continues to expand its global market share, with revenue and operating profit growing simultaneously. The revenue of the Infrastructure Solutions Business Group reached a historical high of $15 billion, a substantial increase of 63% year-on-year. The Solution Services Business Group broke its revenue and profit records for the fourth consecutive year, achieving a historical high operating profit margin of 22.7%.
The group achieved strong growth in the fourth quarter performance, along with sustainable development strategies.Group fourth quarter revenue reached $17 billion, a year-on-year growth of 23%, and non-Hong Kong financial reporting standards net income increased by 25% to $2.78 billion. The Smart Devices Business Group maintains global PC leadership, with high-end PC driving a 13% revenue growth and non-PC businesses accounting for 49%. Smartphone sales have shown strong growth in multiple markets. The Infrastructure Solutions Business Group achieved record sales and profit growth, with the Solutions Services Business Group operating profit margin reaching a historic high. The Group has received multiple international recognitions in sustainable development, including being graded as a CDP Climate Change A-list company, a Hang Seng ESG Index A-class rating, and an MSCI ESG AAA certification. Faced with macro challenges, the Group is implementing strategies to increase market share and profitability, strengthen global supply chain and R&D investments, especially in the field of hybrid artificial intelligence, driving innovation and growth through synergy among the three business groups.
要点回答
Q：How did the group's performance in the last fiscal year specifically?
A：In the last fiscal year, the Group achieved a strong growth in revenue, exceeding 21% year-on-year, reaching 498.5 billion RMB, the second highest in history. The net profit, calculated under non-Hong Kong financial reporting standards, increased by 36%. In all major regions worldwide, revenue experienced double-digit growth. Additionally, while the PC core business continued to grow, the diversified growth engines also performed well, driving the proportion of non-PC businesses in the total revenue of the three major business groups to increase by nearly five percentage points, reaching 47%.
Q：How should Lenovo deal with the challenges of global operations and maintain confidence?
A：Lenovo has accumulated experience in dealing with challenges during its 20 years of global operations. Our confidence comes from outstanding operational capabilities and continuous investment in innovation. We have an end-to-end integrated global operations system and a unique ODM operating model, as well as the ability to quickly and flexibly adjust in uncertain environments. At the same time, our relentless investment in innovation allows us to seize the opportunities of the artificial intelligence era.
Q：What important releases and developments have been made at the Lenovo Innovation Technology Conference?
A：At the Lenovo Innovation and Technology Conference held in Shanghai two weeks ago, we launched the concept of Super Smart Body and released the Tianji Personal Super Smart Body and Lexian Enterprise Super Smart Body. IDG's intelligent device business handed in an impressive annual report, with overall revenue achieving strong double-digit growth. The personal computer sector expanded its market leading advantage, and the smartphone business also achieved a record high revenue since the acquisition of Motorola Mobility.
Q：How is the performance in the fourth quarter?
A：In the fourth quarter, all core businesses achieved double-digit revenue growth, with the overall revenue of the group increasing by 23% year-on-year and net profit increasing by 25% year-on-year. Especially, while maintaining its leading position in the personal computer business, the smartphone business achieved a revenue growth rate that exceeded the market by 12 percentage points in markets outside of China, and increased its market share. The SG business achieved profitability for the second consecutive quarter and experienced high-speed growth. The revenue growth rate and operating profit margin of the SSG business also reached or exceeded 20%.
Q：What are the main factors driving the growth of the infrastructure solution business group? How is the performance of the intelligent devices business group in the personal computer and smartphone market?
A：The rapid growth of the infrastructure solutions business group is mainly due to record-breaking revenue from cloud service providers, strong momentum in the small and medium-sized enterprise business, and increased contribution from AI server revenue. The intelligent devices business group has gained market share in the personal computer and smartphone market, with the personal computer business maintaining industry-leading profitability; the smartphone business achieved simultaneous growth in revenue and operating profit, with Motorola ranking fourth in the global market outside of China.
Q：How does the group drive business growth through a global localization strategy? What are the reasons for the revenue growth of the infrastructure solutions business group?
A：The group adopts a global localization strategy, combining unified group policies with local insights to achieve global business growth through flexible strategy execution. All regions have achieved double-digit revenue growth year-on-year. The group's infrastructure solutions business recorded a historic high revenue of $15 billion, an increase of 63% year-on-year, mainly due to successful strategies for cloud service providers and small and medium-sized enterprises. In particular, the SME business achieved a 20% annual growth rate and turned losses into profits through optimizing product portfolios, cost control, and strategic focus.
Q：How is the latest performance of the plan service business group?
A：Strategy Service Industry Group achieved a record high in both revenue and profits for the fourth consecutive year, with a 13% year-on-year increase in revenue and historical high operating profit of 1.8 billion US dollars, driven by the growth of Premier Support Plus, continuous growth momentum of maintenance services, and sustained growth of hybrid cloud business under the promotion of True Scale Infrastructure as a Service.
Q：What significant implications does the collaboration with PIF have for Lenovo?
A：With the successful completion of strategic cooperation with PIF, it has become the largest sovereign wealth fund shareholder of Lenovo, expanding the shareholder base of the group, strengthening global presence, and laying the foundation for growth opportunities in the Middle East and Africa.
Q：What impact does the acquisition of INF DET Company have on the Infrastructure Solutions Business Group?
A：Acquiring Inf Det company has expanded the product portfolio of the infrastructure solutions business group, further seizing growth opportunities in the enterprise-level infrastructure sector.
Q：How is the operating cash flow situation of the group?
A：The group's operating cash flow remained strong, reaching 1.1 billion US dollars, with cash balance climbing to 4.7 billion US dollars, while financial costs in the fourth quarter decreased by 20% compared to the same period last year.
Q：How is the performance of the Smart Devices Business Group in the global personal computer market?
A：The Intelligent Devices Business Group maintains a leading position in the global personal computer market, with a market share increasing to 24%. It also continues to maintain a leading advantage in the gaming personal computer category, especially in the Chinese laptop market, where the shipment volume of AI personal computers accounts for 16%.
Q：What are the latest developments in the smartphone industry?
A：Smartphone business continues to expand its global market share, reaching a historic high. Motorola ranks fourth in the global market outside of China. Demand for high-end models is strong, driving an increase in the sales proportion of high-end products. Non-hardware internet service revenue also shows a strong growth trend.
Q：What is the positioning of the business group of smart devices in the era of personal artificial intelligence?
A：The Intelligent Devices Business Group is maintaining a leading position in the era of personal artificial intelligence by integrating cutting-edge hardware innovation and independent software development, launching numerous important artificial intelligence achievements, and demonstrating its strategic strength in the global market.
LENOVO GROUP
Follow
