Changes in Hong Kong stocks | Lenovo Holdings (03396) rose more than 7%, and the company's core asset management and improved science and innovation layout ushered in concentrated returns

The Zhitong Finance App learned that Lenovo Holdings (03396) rose more than 7%. As of press release, it had risen 7.33% to HK$19.91, with a turnover of HK$212 million.

According to news, in the first half of this year, Lenovo Holdings achieved revenue of 362,935 billion yuan, an increase of 29% over the previous year, mainly benefiting from a sharp increase in revenue from its subsidiary Lenovo Group and Lianhong Xinke; net profit to mother was 2,230 billion yuan, an increase of 219% over the previous year, driven by a recovery in portfolio value in the industrial incubation and investment sectors. Excluding the one-time impact, net profit attributable to equity holders of the company was 5.812 billion yuan, an increase of 834% over the previous year.

It is worth mentioning that in the first half of the year, the entire company promoted 12 investee companies to enter the capital market, covering hard technology tracks such as artificial intelligence, semiconductors, and medical devices. Looking ahead, SDIC Securities pointed out that Lenovo Group is still the company's main source of profit. Lianhong Xinke is in a period of capacity release, while the industrial investment sector is benefiting from the recovery of the capital market and the listing of invested projects. It is expected that the company's profit recovery trend will continue.