business diversification

Lenovo Group reported strong fiscal year results with annual revenue rising 21.5% YoY to RMB 498.5 billion ($68.7 billion), its second-highest on record. Non-PC businesses now make up 47% of total revenue, up 5% points, with all regions achieving double-digit growth. R&D investment grew 13%, with R&D staff comprising 27.8% of its workforce. CEO Yang Yuanqing highlighted strategic focuses on hybrid AI infrastructure, in-house semiconductor development (including a 5nm chip prototype), and operational efficiency through vertical integration. The company emphasized long-term growth driven by innovation, supply chain control, and market analytics, rather than short-term gains.