Corporate News

Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries (‘the Group’), announced third quarter results reporting Group revenue increasing 3% year-on-year to US$15.7 billion, and Group profitability improving quarter-to-quarter for the second time in a row. Net income was US$357 million on a non-Hong Kong Financial Reporting Standards (non-HKFRS)[1] basis, with net income margin up 0.4% quarter-to-quarter to 2.3%. The Group’s diversified growth engines continued to deliver strong performance, with revenue from non-PC businesses accounting for 42% of Group revenue, up 1.3 points year-on-year.

Lenovo’s Environmental, Social and Governance Rating score was maintained at AAA by MSCI, the international ratings agency. This is the second consecutive year Lenovo has achieved AAA, which represents the highest possible rating for corporations leading in ESG programs. This announcement comes after Lenovo received a rating of AAA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment in 2023.

At the 2024 international Consumer Electronics Show (CES), which opened in Las Vegas, U.S., on Jan 9, Lenovo showcased many new products and solutions. Many of the products and solutions are equipped with key technology innovations created, or facilitated, by Lenovo Research, a vital core technology provider of Lenovo. These include AI PC technology, glasses-free 3D display engine, vehicle computing, high-gloss stainless magnesium material, multi-mode, dual-system & dual-AI hybrid solutions for multi-modal laptops, and intelligent PC top cover color personalization technology.