It is reported that Lenovo's annual revenue was 498.5 billion yuan, a year-on-year increase of 21.5%, reaching the second highest level in history. It cannot be denied that Lenovo is becoming stronger and stronger.

In terms of business, the proportion of Lenovo's non PC business in total revenue increased by nearly 5 percentage points in the 2024/25 fiscal year, reaching 47%, and its global revenue achieved double-digit growth in all major regions.

In terms of research and development, Lenovo Group continues to increase its medium - and long-term investment in innovation, with a year-on-year increase of 13% in R&D investment for the whole year. The proportion of R&D personnel reached 27.8%, an increase of 1.6 percentage points year-on-year.

Even in the face of future challenges, we still promise to maintain our market share and profits, "said Yang Yuanqing, Chairman and CEO of Lenovo Group.

For Lenovo's rapid growth, Yang Yuanqing gave the answer mainly based on two core competencies: innovation. Lenovo has increased investment in innovation, especially around hybrid artificial intelligence. We have made many innovations and released many innovative products and solutions for both personal intelligence and enterprise intelligence.

Another point is excellent operation, especially in the current environment. The growth of the enterprise cannot be achieved by hugging Buddha's feet, but by Lenovo's efforts over decades.

He stated that Lenovo has established an end-to-end integrated business model, unlike some competitors who outsource manufacturing and even rely on outsourcing vendors for development and design. Although Lenovo also outsources a portion, it focuses more on independent manufacturing, thus establishing an end-to-end business model. We have complete control over product development, market forecasting, procurement, manufacturing, sales, and service.

It is worth mentioning that Lenovo is still laying out self-developed chips, such as their 5nm chip, which has already been developed