Home » Lenovo Group’s Q2 revenue and profit hit a record high, and R&D investment surged 57% year-on-year | Lenovo Group

Lenovo Group’s Q2 revenue and profit hit a record high, and R&D investment surged 57% year-on-year | Lenovo Group

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Original title: Lenovo Group’s Q2 revenue and profit hit a record high R&D investment increased 57% year-on-year

21st Century Business Herald reporter Yang Qingqing reports from Beijing

On November 4th, Lenovo Group (00992.HK) announced the results for the second fiscal quarter of fiscal year 2021/22 as of September 30, 2021. According to the financial report, Lenovo Group’s turnover in the quarter reached 115.6 billion yuan, a year-on-year increase of 23%; net profit was 3.3 billion yuan, a year-on-year increase of 65%, setting a new record high.

In terms of business groups, the three core business groups have achieved beautiful performance growth. Among them, the turnover of the SSG solution service business group reached RMB 8.82 billion, an increase of 30% year-on-year, and the operating profit increased by 32% year-on-year to RMB 1.8 billion. ISG Infrastructure Solutions Group’s turnover reached RMB 12.7 billion, a year-on-year increase of 34%, close to breakeven; IDG Smart Equipment Business Group’s turnover reached RMB 99.2 billion, a year-on-year increase of 21%, and operating profit reached RMB 7.54 billion, a year-on-year increase of 34%.

During the period under review, Lenovo Group’s net profit margin reached 2.8%. In terms of cash flow, the company’s operating cash flow doubled year-on-year in the second fiscal quarter, exceeding RMB 10 billion.

It should be noted that Lenovo Group’s commitment to double R&D investment in three years is also continuing to fulfill. In the second fiscal quarter, the company’s R&D investment increased significantly by 57% year-on-year. In August of this year, Lenovo Group Chairman and CEO Yang Yuanqing said that Lenovo will continue to increase R&D investment and plans to double R&D investment in the next three years.

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Yang Yuanqing said that in terms of organizational structure, Lenovo Group has established a three-level R&D system consisting of the internal R&D department of the business group, Lenovo Research Institute and Lenovo Venture Capital (LCIG). Technical research.

(Author: Yang Qingqing Editor: Zhang Weixian)

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