The Zhitong Finance App learned that Lenovo Group (00992) rose nearly 5%. As of press release, it had risen 4.72% to HK$9.31, with a turnover of HK$370 million.
According to the news, Canalys predicts that China's PC (personal computer) (excluding tablets) market will rebound in 2024, reaching 3% year-on-year growth and 10% growth in 2025, mainly due to switching demand in the commercial market. Huajin Securities pointed out that as a domestic AIPC pioneer, Lenovo launched the world's first AIPC at the CES 2024 conference and will be shipped in the first half of 2024, and the company will further expand the AIPC product portfolio in the second half of 2024. The bank believes that the company will fully benefit from the shortened PC update cycle and ASP improvements brought about by the gradual penetration of AIPC.
Additionally, Liu Jun, executive vice president of Lenovo Group and president of China, revealed at the AMD AI PC Innovation Summit that AI PC strategies and new AI PC products with five major characteristics will be announced at the Lenovo Innovation and Technology Conference on April 18. The company previously released its three-quarter report for fiscal year 2024. Among them, Q3 achieved revenue of 15.721 billion US dollars, a year-on-year increase of 3%, and a month-on-month increase of 9%; realized net profit to mother of US$337 million, an increase of 35% over the previous month.