Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 63,000 employees and operating in 180 markets around the world.
Lenovo has the below core business groups:
- The Intelligent Devices Group (IDG) encompasses the PC and Smart Devices business, including PCs, tablets, augmented and virtual reality (AR/VR), smart devices, software and services, and the Mobile business for smartphones; and
- The Data Center Business Group (DCG), which includes servers, storage, networking, software and services.
Alongside these core business groups we have invested in new and burgeoning opportunities for the future – including the launch of three new business groups as a driving force behind the transformation aligned to our 3S strategy.
These groups are the Data Intelligence Business Group (DIBG), the Converged Network Business Unit (CNBU) and the Commercial Internet of Things (CIoT) group.
In parallel the Lenovo Capital and Incubator Group (LCIG) fortifies our intelligent transformation strategy by identifying and investing in some of today’s most cutting-edge technologies that have the possibility to be the mainstream technologies of tomorrow.
Lenovo is incorporated and headquartered in Hong Kong S.A.R. of China, with key operations centers in Beijing and Morrisville, North Carolina. We have over 63,000 employees globally.
Intelligent Devices Group (IDG)
By innovating one of the widest portfolio of award-winning products, Lenovo is delivering smarter technology so that more people can unlock their potential. IDG is at the forefront of making Intelligent Transformation an everyday reality. Energized by synergies from shared platforms and resources, this business group continues to yield strong returns. We are committed to driving the convergence of computing, communication and intelligent technologies.
The PC and smart devices business delivered another exceptional quarter, driven by customer-centric innovation that powers our vision of bringing smarter technology to all. In PCs, volume continues to outgrow the market, and Lenovo holds 24.4% of the global PC market, sustaining its position as the worldwide #1 in PCs. This means one out of every 4 PCs sold in the world is by Lenovo. With a continuing focus on operational excellence, our strategy enables us to significantly outgrow the market across high-growth and premium categories including Workstation, Thin & Light, Visuals, Gaming PCs, Chromebooks and Services.
Our mobile business under IDG delivered its 4th consecutive profitable quarter in Q2 FY2019/20. The group continues to focus on inventory controls, portfolio efficiency and diligent cost controls to help expand margins. Going forward, Lenovo will continue its investment in its mobile business to drive ongoing and future growth opportunities in select new and profitable markets. In November, the company unveiled an evolution of the iconic flippable cell phone that marked a generation: the new motorola razrTM, a fashion icon that defined a part of pop culture.
Lenovo's Data Center Group remains #1 in the world in performance with 160 world records, #1 in x86 reliability, and the #1 provider of supercomputers in the TOP500 list. Fueled by continued investments in the future, people and technology, the Data Center business continues transformation to a complete portfolio data center organization as it drives the future of Smart Infrastructure from edge to cloud. Lenovo's ThinkSystem and ThinkAgile solution portfolios as well as Lenovo TruScale Infrastructure Services, create the capacity and computing power for the connections that are changing business and society.
A significant component of our innovation focus is The Lenovo Capital and Incubator Group (LCIG). The LCIG develops new technologies through strategic global incubation and investments in five key areas of the Smart Internet value chain: IOT + Edge Computing + Cloud + Big Data + Artificial Intelligence, and drive it to integrate deeply with vertical industries and Lenovo ecosystem.
Lenovo manufactures one of the world's widest portfolio of connected products, including smartphones (Motorola), tablets, PCs (ThinkPad, Yoga, Lenovo Legion) and workstations as well as AR/VR devices and smart home/office solutions. Lenovo's data center solutions (ThinkSystem, ThinkAgile) are creating the capacity and computing power for the connections that are changing business and society.
Lenovo's manufacturing business model leverages a mix of both company-owned manufacturing capabilities as well as original design manufacturers (ODM). This hybrid model is a significant source of competitive advantage, helping bring new innovations to market more efficiently whilst ensuring greater control over both product development and supply chain operations. Our facilities are located in Japan, the U.S., Mexico, India, Brazil, Germany, Hungary, Indonesia and multiple locations in China.
In February 1994, shares of Lenovo were successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited (Stock Code: 992) and Level I American Depositary Receipts (ADRs) (Stock code: LNVGY) were issued in March 1995. Each ADR represents 20 Lenovo common shares. As of March 31, 2019, the total number of issued shares of the Company was 12,014,791,614 shares.