Lenovo delivers its "strongest fiscal year ever" report, with nearly 500 billion yuan in revenue and a 36% surge in net profit: AI strategy becomes a new growth engine.

Against the backdrop of the ever - changing global macro - environment and the accelerated evolution of the technology cycle, Lenovo Group has delivered an annual "report card" that exceeded market expectations.

On May 22, Lenovo Group released its full - year performance report for the fiscal year 2024/25 (ending on March 31, 2025). Its revenue reached 498.5 billion yuan, a year - on - year increase of 21.5%. Under the non - Hong Kong Financial Reporting Standards, the net profit was 10.4 billion yuan, a significant year - on - year increase of 36%. This not only marks Lenovo's full return to the track of high - quality growth but also highlights the initial effectiveness of its diversified layout and the "Comprehensive AI Transformation" strategy.

"The just - concluded fiscal year was one of the most outstanding years in Lenovo's history," said Yang Yuanqing, Chairman and CEO of Lenovo Group, at the earnings conference. Facing a complex environment with intertwined external uncertainties, Lenovo has demonstrated a global corporate model that combines "resilience and vitality".

All Four Regions Accelerate Simultaneously, Re - validating the Resilience of the Globalization Strategy

Behind the impressive performance is the comprehensive acceleration and structural optimization of Lenovo's global business. According to the financial report data, the four core markets of the Americas, EMEA (Europe, the Middle East, and Africa), China, and the Asia - Pacific all achieved double - digit growth, with increases of 19%, 16%, 26%, and 29% respectively. Among them, the strong recovery of the Chinese market and the high growth in the Asia - Pacific region have become the key drivers of the performance.

This is attributed to Lenovo's continuous deepening of the "China + N" global manufacturing layout and the full - chain operation system, which have built stronger local delivery capabilities and a rapid response mechanism, and also serve as a moat against supply - chain risks and cost fluctuations.

The Core Hardware Business Remains Stable with Growth, and the Mobile Phone Business Reaches a New High Since the Acquisition of Motorola

Hardware remains an important pillar for Lenovo to stabilize its basic business. In the PC business, Lenovo has consistently ranked first in global shipments, and its market share has increased to 23.7%. Meanwhile, the smartphone business achieved a high year - on - year growth of 27%, reaching a record high since the acquisition of Motorola. In particular, it achieved year - on - year growth of 179% and 32% in the Asia - Pacific and EMEA markets respectively, demonstrating the dual repair capabilities of the brand and channels.

Luca Rossi, Executive Vice President of Lenovo Group and President of IDG, predicted during an interview at CES this year that the penetration rate of AI PCs will reach 40% - 50% or even as high as 80% in the next 2 - 3 years.

Notably, in an environment where smart devices are becoming increasingly homogeneous, Lenovo is promoting its hardware products to a new stage of intelligence and service through the integration of AI technology and hybrid computing capabilities.

The Service Transformation Accelerates, and SSG Continues to Release Profit Elasticity

As the key engine for Lenovo's future growth, its Solutions and Services Group (SSG) continued its steady expansion. In the fiscal year 2024/25, SSG's revenue exceeded 61 billion yuan, a year - on - year increase of 13%, and the operating profit margin reached 21.1%. Among them, the revenue of the "Solutions + as - a - Service" business accounted for nearly 60%, a 4 - percentage - point increase from last year, showing a good trend of both scale and profitability growth.

Huang Jianheng, Executive Vice President of Lenovo Group and President of SSG, pointed out that AI is accelerating from the technology experimentation stage to the commercial implementation stage, and the hybrid AI architecture has become the most cost - effective and flexible new paradigm.

"The AI boom triggered by DeepSeek at the beginning of the year proves that enterprise users are no longer satisfied with just 'taking a look' but are starting to make real deployments," he revealed. Currently, Lenovo is helping a large overseas logistics enterprise implement an unmanned logistics warehousing system, which not only reduces costs and improves efficiency but also promotes the cooperation to the second stage.

In China, Lenovo has also taken the lead in applying the concept of "Super Intelligent Agent" to its own operation process, promoting the transformation of enterprise - level AI from "usable" to "easy - to - use" and "widely - used".

Going All - in on AI to Create a New Species of "Super Intelligent Agent"

The AI strategy has been written into Lenovo's future roadmap. In the past year, Lenovo increased its R & D investment by 13%, and the proportion of R & D personnel reached 27.8%. Yang Yuanqing clearly stated that Lenovo will create its own "AI New Era" by integrating AI technology into every touchpoint of its products, solutions, and services to achieve closed - loop innovation in the "device - edge - cloud - network - intelligence" ecosystem.

After launching its first AI PC personal intelligent agent last year, Lenovo further introduced the new concept of "Super Intelligent Agent" at this year's Tech World conference, comprehensively demonstrating its strategic evolution in the era of hybrid AI.

Currently, Lenovo has established more than 30 manufacturing bases globally, and its business covers more than 180 countries and regions. As the AI strategy continues to be deeply implemented, Lenovo is opening up a new growth channel through continuous technological innovation and operational upgrades, and redefining its role in the global technology ecosystem.