Shulou(Shulou.com)11/24 Report--

On the morning of November 4, Lenovo yesterday announced the results of the second quarter of fiscal year 2022: revenue reached 116.9 billion yuan, excluding exchange rate fluctuations affecting revenue growth of 3% year-on-year, and net profit of 3.7 billion yuan, up 5.7% from the same period last year.

Yang Yuanqing said that while Lenovo will rationally deploy resources and invest in new diversified growth engines, it will strictly control costs and improve efficiency. "our fees and resources will tilt to the areas of growth." in places where the market is weaker, we need to control costs and improve efficiency. There will probably be a problem of resource rebalancing.

As for R & D investment, Yang Yuanqing said it is a long-term commitment and will not be affected by short-term market or performance. The growth may be fast or slow, which needs to be adjusted according to the dynamics of the market. But in the medium term, our goal of doubling our R & D investment will not change.

"so in the second quarter, under such difficult market conditions, our R & D investment still increased by 15% compared with the same period last year, and our R & D personnel increased by 26%. We are still making good on our promises.

"Lenovo's revenue in the second quarter was $17.09 billion, down 4% from a year earlier."

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