Yang Yuanqing: Lenovo does not need to do operating systems and chips

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/ 2019-05-24 / News

Yang Yuanqing said in the fourth quarter earnings report of Lenovo in the 18/19 fiscal year: I believe that globalization is an inevitable trend. A company does not need to do everything, so Lenovo does not intend to do operating systems and chips. Your role, working with trusted partners to provide the best products for your users.



On May 23, Yang Yuanqing’s financial report for the fourth quarter of Lenovo’s 18/19 fiscal year The meeting said: Believing that globalization is an inevitable trend, a company does not have to do everything, so Lenovo does not intend to do operating systems and chips, will do its part, and cooperate with trusted partners.Provide users with the best products.


On May 23, 2019, Lenovo Group (HKSE: 992) (ADR: LNVGY) released its fourth-quarter results and full-year results as of March 31, 2019, showing the company's fourth The quarterly turnover achieved a year-on-year growth for the seventh consecutive quarter, reaching RMB 79 billion, an increase of 10.1% year-on-year; the annual turnover reached a record high, and exceeded US$50 billion for the first time, reaching US$51 billion, equivalent to RMB 342.2 billion. , an annual increase of 12.5%.


In the fourth quarter, pre-tax profit increased nearly four-fold year-on-year to 1.22 billion yuan, with a net profit of 797 million yuan, a year-on-year increase of 261%. This is the first time since the completion of the acquisition of IBM x86 servers and Motorola's mobile business, Lenovo's main business has achieved double sales and profits.


According to this, Yang Yuanqing, chairman and CEO of Lenovo Group, said: "Now is Lenovo's best moment."


Review 2018, Lenovo experienced entrepreneurship 35 The stock has fallen to an all-time low for three consecutive years, about 3.32 Hong Kong dollars.


Jesus to survive. At the Lenovo Group Annual Swearing Conference Kick Off 2019 held in April, the group officially announced the company's "3S strategy", focusing on smart Internet of Things, intelligent infrastructure, industry intelligence, adapting to market and industry changes, and taking the company vision Set to "smart, for every possible". In 2015, the relationship opened a strategic transformation centered on “smart”. Since then, around the 2B business as the core driver, the "smart service" as a breakthrough "3S strategy" began.


At that time, the Chinese PC market continued to slow down. But this year, Lenovo China has a 32-word slogan: "Fear of gratitude, beyond expectations; hands muddy, hard work; subversion of the routine, not broken; united, clean and trustworthy." From service to channel, many Lenovo veterans personally went into battle and reorganized the product line. It is understood that nearly 200 product models have been reorganized into about 50 products in four categories: thin and light, business, games and yoga. Easy access to channels and specialty stores for user needs. In addition, the balance between the line and the line on the channel line has also improved the past weakness.


The financial report shows that in the 18/19 fiscal year, Lenovo Group’s turnover reached 342.2 billion yuan, an increase of 12.5% year-on-year. The pre-tax profit was 5.74 billion yuan, an annual increase of 459%. Achieved a net profit of 4 billion yuan, a year-on-year turnaround, an annual increase of 5.27 billion yuan.


Financial report data also shows that PC sales grew at an annual rate of 8.9%; mobile business achieved profit for two consecutive quarters, and turnover grew at an annual rate of 15.1%; software and services business The amount continues to grow, exceeding 18.6% year-on-year. In addition to the growth of the PC business, this performance is also attributed to strong growth in the data center business.


The financial report shows that the annual turnover of the data center business reached a record high of 40.4 billion yuan, an increase of 37.1% year-on-year, creating the largest increase since the acquisition of the x86 server business. At present, as one of the world's largest data center hardware suppliers, Microsoft, Google, Amazon, Apple, Baidu, Ali, Tencent and other companies are Lenovo's major customers.


But turning losses does not mean that Lenovo has a strong brand,There is still a long way to go before Lenovo returns to the global market.

Keywords: Lenovo
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