Lenovo announced its Q3 financial report: revenue of 135.1 billion yuan net profit increased by 106% year-on-year

[ Gearbest Technology News]On February 20, Lenovo Group announced its third-quarter results for the 2024/25 fiscal year ended December 31, 2024. According to the financial report, Lenovo Group’s revenue in the quarter reached RMB 135.1 billion, a year-on-year increase of 20%, and its net profit increased by 106% year-on-year to RMB 4.98 billion.

Lenovo Group continues to consolidate its market leadership in the personal computer business. As the global PC industry ushers in a new round of super replacement cycle and the promotion of Windows 11 system upgrade, Lenovo Group’s global market share of personal computer business reached 24.3%, leading the second place by nearly 5 percentage points. At the same time, AI PC, as a new smart device category, accounts for 15% of notebook sales in the Chinese market.

Lenovo Group also performed well in its mobile phone business. The mobile phone business revenue increased by 21% year-on-year in the quarter, and the rankings of international markets outside China rose to the top five. Especially in China, Asia-Pacific, Europe-Middle East-Africa and other regions, the rapid market expansion has laid a solid foundation for sustainable profit growth in the future.

In addition, Lenovo Group’s infrastructure solution business (ISG) has also turned losses into profits. ISG revenue rose by nearly 60% in the quarter to 28.3 billion yuan. Among them, the revenue of cloud infrastructure business (CSP) hit a record high, and the enterprise infrastructure business (E/SMB) also achieved stable growth. This shows that Lenovo’s layout in the infrastructure field is gradually showing results.

As Lenovo Group’s new growth engine, Solution Services Business Group (SSG) continues to maintain strong growth momentum. SSG’s revenue hit a new high in the quarter, reaching RMB 16.2 billion, and its operating profit margin remained high. The proportion of non-hardware-driven operation and maintenance services and project and solution services in the overall SSG business has also reached a record high.

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