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

Thanks to CTOnews.com netizens West window past, South China Daniel Wu's clue delivery! According to CTOnews.com news on August 31, Lenovo Holdings announced on the Hong Kong Stock Exchange today that revenue in the first half of 2023 was 201.286 billion yuan, compared with 237.685 billion yuan in the same period last year, down 15 percent from the same period last year. The net profit attributable to the company's equity owners was 668 million yuan, compared with 2.131 billion yuan in the same period last year, down 69 percent from the same period last year.

Lenovo Holdings said the decline in revenue and profits was mainly due to the impact of cyclical factors in the PC industry.

According to another table, Lenovo Group, a subsidiary of Lenovo Holdings, had revenue of 177.407 billion yuan in the first half of 2023, down 19 per cent from a year earlier, while net profit in the first half was 650 million yuan, down 67 per cent from a year earlier.

During the reporting period, Lenovo Group revenue fell 19% year-on-year to 177.407 billion yuan, mainly due to smart device business revenue dragged down by the industry inventory cycle fell 26% year-on-year. Net profit attributable to Lenovo holding equity holders fell 67 per cent to 650 million yuan, short-term market pressure led to a 36 per cent year-on-year drop in operating profit in the smart device business and a loss of 361 million yuan in infrastructure solutions business.

In addition, the smart device business consists of personal computers, tablets, smartphones and other smart device businesses. During the reporting period, due to the impact of the industry inventory cycle, smart device business revenue and operating profit margins declined compared with the same period last year.

CTOnews.com learned from the report that Lenovo expects PC business to return to growth in the second half of 2023. As the global trend of digital and intelligent transformation continues to accelerate, the total global market for personal computers will remain higher than before the epidemic for a long time. In addition, Lenovo will increase its investment in non-personal computers, focusing on new businesses such as electronic accessories and collaborative office solutions.

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