TapTechNews May 23rd news, according to the Securities Times report, after Lenovo released the Q4 and full-year performance report of the 2023/2024 fiscal year today, Yang Yuanqing released an all-staff letter.
The Securities Times disclosed part of the content of the all-staff letter. Yang Yuanqing said, 'Now it can be said that Lenovo has successfully passed through the downward cycle of the industry and is seizing new growth opportunities. Lenovo shared a hybrid artificial intelligence strategy last year, and this year it demonstrated the ability of 3S full-stack artificial intelligence and released the first batch of artificial intelligence personalized computers for the Chinese market. Such rapid progress makes us full of confidence in the new fiscal year.'
According to TapTechNews' earlier report today, Lenovo Group's overall revenue in the fourth quarter increased by 9% to 13.8 billion US dollars (TapTechNews note: currently about 100.05 billion RMB), and the net profit (profit attributable to shareholders) doubled year-on-year to 248 million US dollars (currently about 1.798 billion RMB). The revenue share of businesses other than personal computers has expanded to nearly 45%, hitting a record high. The total revenue for the whole year is 56.9 billion US dollars (currently about 412.525 billion RMB), and the net profit is 1 billion US dollars (currently about 7.25 billion RMB).
Related reading:
'Lenovo Releases 2023-24 Q4 and Fiscal Year Financial Report: Annual Revenue and Net Profit Decreased by 8% and 37% Respectively'