Summary by Moomoo AI
Lenovo Group Limited (the “Company”) announces unaudited results for the nine months ended December 31, 2023. For the period, the Group's revenue reached $431,331 billion, an increase of 3% year-on-year; the company's equity holders accounted for a profit of $7.63 million, down 49% year-on-year. The gross margin was 17.1%, up 0.2 percentage points from the same period last year. THE GROUP'S DIVERSIFIED SERVICES GROWTH ENGINE AND TRANSFORMATION STRATEGY HAVE BEEN IMPLEMENTED EFFECTIVELY, WITH GROWTH IN BOTH THE SMART DEVICE BUSINESS GROUP AND THE SOLUTION SERVICES BUSINESS GROUP. The Group is also actively promoting the vision of “AI for All” and showcased more than 40 new AI devices and solutions at the 2014 International Consumer Electronics Show. During the period, the Group completed the acquisition of Lenovo Finance Leasing Limited and the FCNT business, further expanding its business footprint.