CNBC AI Exclusive – Lenovo Group delivered a robust financial performance in its latest fiscal year, with annual revenue surging 21.5% year-on-year to RMB 498.5 billion (approximately $68.7 billion), marking the company’s second-highest revenue on record despite macroeconomic uncertainties.
The tech giant demonstrated remarkable diversification, with non-PC business units now representing 47% of total revenue—a 5 percentage point increase from the prior year. All geographic regions contributed to the momentum, achieving double-digit growth.
Bolstering its innovation pipeline, Lenovo increased R&D investment by 13% year-over-year. Research personnel now account for 27.8% of its global workforce, up 1.6 points, signaling heightened focus on next-gen technologies like hybrid AI.
“We remain committed to maintaining market share and profitability, even amid future challenges,” declared Yang Yuanqing, Chairman and CEO, underscoring confidence in the company’s strategic direction.
Yang attributed Lenovo’s competitive edge to dual strategic pillars: innovation acceleration and operational discipline. The company has intensified investments in hybrid AI infrastructure, launching multiple smart devices and enterprise solutions spanning personal computing to data center ecosystems. Concurrently, its vertically integrated business model—spanning R&D, in-house manufacturing, and global supply chain orchestration—provides distinct advantages over outsourced competitors.
The executive emphasized that decades of operational refinement, including predictive market analytics and end-to-end process control, enable sustainable growth rather than short-term fixes. Notably, Lenovo disclosed breakthroughs in semiconductor development, including successful testing of its self-developed 5nm chip, signaling deepening technological ambitions.
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