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Lenovo Group Limited (LNVGF)

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0.9498+0.0308 (+3.35%)
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  • Business Wire

    Lenovo Group: Full Year Financial Results 2021/22

    HONG KONG, May 26, 2022--Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced record fiscal year results for the Group, with historic highs for both profit and revenue. Annual net income reached the US$2 billion mark, up 72% year on year, with revenue growing by US$10 billion for the second year running to over US$71 billion. All main business groups were profitable for the full fiscal year - with strong growth momentum in mobile, infrastructure, and solutions and services businesses.

  • Bloomberg

    Lenovo Profit Beats Estimates Despite Lockdown-Sapped Demand

    (Bloomberg) -- Lenovo Group Ltd.’s profit beat market estimates after the world’s biggest personal computer maker widened its lead over longtime rival HP Inc.Most Read from BloombergRussian Wins in Eastern Ukraine Spark Debate Over Course of WarFord Beats Tesla to the Punch With First Electric F-150 DeliveryElon Musk Says Bill Gates Has ‘Multi-Billion Dollar’ Tesla Short PositionStocks Notch Their Best Week Since November 2020: Markets WrapZilingo’s Fired CEO Responds to Questions of Mystery Pay

  • Reuters

    China's Lenovo says supply issues to hit shipments, revenue growth slows

    HONG KONG (Reuters) -China's Lenovo Group warned on Thursday that shipments would fall in the short term as China's COVID-19 lockdowns exacerbated shortages of microchips, after posting its slowest quarterly growth in seven quarters. The world's largest maker of personal computers (PC) is among many companies facing supply chain headaches that have been worsened by a protracted shortage of chips, business disruptions from the Russia-Ukraine war and China's efforts to stop the spread of COVID in the country. "Due to the macro economic headwinds, the shortage is weighing significantly in the very short term," Luca Rossi, executive vice president of Lenovo, told a post-earnings call.