On the morning of April 6th, at the FY22/23 pledge meeting held by Lenovo today, Chairman and CEO Yang Yuanqing said in his speech that the company’s performance has achieved strong growth, and the total turnover in the first three quarters has increased by 22% year-on-year. Net profit increased by 76%! Our revenue for the full fiscal year is on track to reach a new milestone – crossing the $70 billion, 450 billion RMB mark! He concluded that in the past year, all the business of the company went hand in hand, and the newly formed SSG solution service business achieved high profit and high growth. The ISG infrastructure solution business has turned losses into profits and has grown far beyond the market. For our IDG, PC business revenue and profit hit record highs, with 16 consecutive quarters of improved margins. Smartphone business, healthy profit and rapid growth for seven consecutive quarters. Our Lenovo Ventures completed 48 new investments, invested in 15 chip design companies in total, and added three new IPOs. For the next step, he pointed out that we should make every effort to build three pillars and strengthen two cornerstones. Among them, technological innovation is the first pillar, and it is planned that by the end of FY23/24, R&D investment will be doubled on the basis of FY20/21. Total R&D investment in the next five years.
[related_posts_by_tax taxonomies=”post_tag”]
The post Yang Yuanqing: Lenovo’s revenue will exceed the 450 billion mark appeared first on Gamingsym.