Financial news
Written by: Yue Yueting
2020-02-20 12:18
Last updated: 2020-02-20 12:19Lenovo Group (0992) announced the third quarter results. As of the end of December last year, net profit was 258 million yuan (USD ‧ the same below), up 10.72% year-on-year.
The Group explained that the highest pre-tax profit recorded during the period was mainly due to the record pre-tax profit margins achieved in the personal computer and smart device business, while the mobile business remained profitable. The data center group business also continued to improve.
During the period, revenue rose 0.48% to 14.103 billion yuan; gross profit margin was 16.1%, an increase of 1.5 percentage points year-on-year. main. The group made 623 million yuan in the first nine months, a surge of 30.33% year-on-year, and revenue rose 2.06% to 40.137 billion yuan.
Factory resumes limited production
The outbreak of a new coronavirus has affected the supply chain and logistics. The Group states that most factories in China have reopened and have resumed production to a limited extent. They are using its global manufacturing and distribution network to minimize potential impacts on customers . After the epidemic is stable, demand in China will rebound, and new demand drivers will help the business.
The group said that it will continue to aim at high-end market revenue growth and expand high-growth and high-end market segments; enhance the competitiveness of the mobile business market and maintain profitable growth.
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