On the morning of April 13, Lenovo Group held a pledge meeting for the fiscal year 2021 / 22. Yang Yuanqing, chairman and CEO of Lenovo Group, said that in the face of uncertainty, Lenovo froze the salary and promotion last year; in the new fiscal year, the promotion of the promotion, the salary increase. He also said Lenovo announced plans to return to the A-share Technology Innovation Board last year. This will not only enhance the diversified optimization of the company’s capital structure, but also give employees the opportunity to participate and further benefit from the development of the company.
Yang Yuanqing shared the results of the first three quarters of this fiscal year and placed high hopes on the whole fiscal year. In the first three quarters of this fiscal year, Lenovo’s total turnover increased by 12% year-on-year and its pre tax profit increased by 48%! It is expected to reach a new milestone in the whole fiscal year!
Meanwhile, in the third quarter, Lenovo’s personal computer and intelligent device business, turnover and profit both reached record highs; Lenovo’s mobile business achieved double-digit growth year-on-year in the third quarter, and the profit reached the highest since the acquisition of Motorola mobile; data center business achieved double-digit growth year-on-year; service, software and solutions business grew in total The turnover of the company has increased by nearly 38% year on year.
“The strong growth momentum, together with our excellent operation and prudent financial management fully reflected in the epidemic, has given us a steep curve: the share price has doubled.” Yang Yuanqing said. The plan to return to the A-share Technology Innovation Board will not only enhance the diversified optimization of the company’s capital structure, but also give employees the opportunity to participate and further benefit from the development of the company.
Facing the future, Yang Yuanqing said that Lenovo will embrace more new opportunities that perfectly fit the 3S strategy. Information consumption upgrading, information infrastructure upgrading and application upgrading from digital to intelligent are the three development trends that the industry is facing. Lenovo will spare no effort to empower the transformation and upgrading of the real economy with new it.
In order to grasp these three trends, Lenovo took the initiative to reform and restructure its structure, determined IDG, ISG and SSG business groups led by special personnel, maximized the value of “one Lenovo”, integrated sales and operation into two platforms, and supported all businesses.
Yang Yuanqing also mentioned that there are still many uncertainties in the external environment, the road of transformation is still a long way to go, and Lenovo itself has many shortcomings. Last year’s achievements are both encouragement and spur for the next journey.
Author: Chen Muliang