Lenovo Group's second-quarter net profit reached 3.7 billion yuan, a year-on-year increase of 5.7%

The results disclosed by Lenovo Group for the second quarter of fiscal year 2022/2023 (July to September 2022) show that the company's revenue reached 116.9 billion yuan (the same unit below), and revenue excluding the impact of exchange rate fluctuations increased by 3% year-on-year. ; The company's net profit reached 3.7 billion yuan, a year-on-year increase of 5.7%.

This is Lenovo's 10th consecutive quarter of net profit growth. Lenovo's second growth curve momentum outside the PC main business that emerged in the first fiscal quarter was further demonstrated in the second fiscal quarter. It is worth noting that business income other than PC accounted for 37.4% of the group's total revenue.

Despite the challenges faced by the PC industry in the down cycle, Lenovo Group's IDG smart device business still maintained good profitability, with a profit margin of 7.4%, ranking first in the global PC market, and further expanded in the second quarter. gap with competitors.

In addition, Lenovo Group's mid-term plan to double its R&D investment continues to advance. In the second quarter, R&D investment increased by 15% year-on-year, and R&D personnel increased by 26%.

According to recent news in the industry, the 5nm chip developed by Dingdao Zhixin, a chip design company under Lenovo Group, has been returned to the chip and has been successfully lit. Next, relevant functional tests will be carried out, and it is expected to be introduced into mass production by the end of this year.