Changes in Hong Kong stocks | Lenovo Group (00992) increased its increase by more than 18% in the afternoon, first-quarter results set a new historical record, ISG's revenue nearly doubled year-on-year

The Zhitong Finance App learned that the increase of Lenovo Group (00992) increased by more than 18% in the afternoon, hitting a record high of HK$34.54. As of press release, it had risen 17.77% to HK$34.2, with a turnover of HK$7.104 billion.

According to the news, Lenovo Group announced its results for the first fiscal quarter in the afternoon, achieving revenue of 183.4 billion yuan, a year-on-year increase of 43%, a record high; adjusted net profit for a single quarter broke the $1 billion mark for the first time, up 176% year on year; adjusted net profit margin nearly doubled to 4.0% year on year, also setting a new historical record. At the same time, the revenue of the three main businesses of the Lenovo Group all achieved rapid double-digit growth and reached record highs during the same period. The Group is expected to reach the target of “over 100 billion US dollars in revenue within two years” proposed at the beginning of this fiscal year ahead of schedule.

Specifically, IDG's smart equipment business revenue was 116.4 billion yuan, up 27% year on year; the server business saw an explosion. ISG Infrastructure Solution Business Group's revenue nearly doubled year on year, reaching a record 57.9 billion yuan, operating profit margin increased rapidly to 9.1%, officially growing into the Group's new core engine of profit and growth; SSG Solution Service Business Group achieved revenue of 19.6 billion yuan, up 28% year on year, achieving double digit growth for the 21st consecutive quarter.