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August 15, 2024 - Lenovo Group (HKSE: 992) (ADR: LNVGY), a global leader in the digital economy, announced its first quarter results for the 2024/25 fiscal year ending June 30, 2024: revenue of RMB 111.9 billion, a year-on-year increase of 20%; net profit in accordance with non-Hong Kong Financial Reporting Standards was nearly RMB 2.3 billion, a significant year-on-year increase of 65%; business other than PC accounted for nearly 47%, setting a new historical high.

Benefiting from a new round of commercial replacement cycle and the topic effect of AI PC, the momentum of the global PC market recovery continues to strengthen. In this fiscal quarter, Lenovo Group's core personal computer business had a global market share of nearly 23%, an operating profit margin of 8.8%, and high-end products accounted for 31.6%. After taking the lead in the industry to define and launch AI PCs with five major features, the group has consolidated its leadership in the AI ​​PC market. According to the latest statistics from Canalys, Lenovo's AI PC shipments increased by as much as 228% month-on-month.