LENOVO GROUP(00992)2024-11-28 09:19Financial Performance - Revenue for the three months ended September 30, 2024, reached 14,409.786 million for the same period in 2023[9] - Gross profit for the six months ended September 30, 2024, was 4,773.665 million in the same period last year, reflecting a 12.2% increase[9] - Operating profit for the three months ended September 30, 2024, was 514.000 million for the same period in 2023, marking a 26.5% increase[9] - Net profit attributable to equity holders for the six months ended September 30, 2024, was 425.766 million in the same period last year, representing a 41.3% increase[9] - Total comprehensive income for the three months ended September 30, 2024, was 234.835 million for the same period in 2023[11] - Basic earnings per share for the six months ended September 30, 2024, were 4.91 cents, compared to 3.57 cents for the same period in 2023, reflecting a 37.5% increase[9] - The company reported a consolidated pre-tax profit of 585.75 million in the previous year[27] - The company reported a net profit for the period ending September 30, 2024, was 425,766 thousand for the same period last year, indicating a year-over-year increase of about 10.96%[21] - The company reported a total comprehensive income of 229,407 thousand in the previous year, representing an increase of approximately 119.4%[21] Revenue Growth - The company achieved a 4.8% revenue growth attributed to the implementation of the Supply Chain Intelligence (SCI) solution[8] - For the six months ended September 30, 2024, total revenue reached 27,309.71 million in the same period of 2023[27] - The Smart Devices Business Group generated revenue of 21,775.17 million year-over-year, with an operating profit of 6,465.17 million, a significant increase from 73.00 million[27] - The Solutions Services Business Group achieved revenue of 3,631.31 million, with an operating profit of 6,095.13 million, a 28% rise from 11,363.64 million, up 16% from 137 million due to performance bonuses and sales commissions[100] - The company incurred depreciation and amortization expenses of 472.55 million in the same period of 2023[31] - Financial income for the period was 143.06 million, resulting in a net financial cost[27] - Financial expenses for the six months ended September 30, 2024, totaled 387.804 million for the same period in 2023, an increase of 3.6%[43] - The company reported a tax expense of 113.279 million for the same period in 2023, an increase of 32.0%[45] Assets and Liabilities - Total assets increased to 38,750,954 thousand as of March 31, 2024, reflecting a growth of approximately 17.6%[13] - Total liabilities increased to 32,669,767 thousand, reflecting a rise of approximately 17.4%[15] - The company’s equity attributable to owners decreased to 5,582,593 thousand, a decline of approximately 1.9%[15] - The company’s total equity increased slightly to 6,081,187 thousand, reflecting a growth of about 0.2%[15] - The company’s borrowings increased significantly to 2,516,056 thousand, indicating a rise of approximately 162.5%[19] - The company’s cash flow from financing activities showed a net outflow of 858,246 thousand in the previous year, a decrease of about 21.4%[19] Inventory and Receivables - Inventory rose significantly to 6,702,677 thousand, marking an increase of about 36.5%[15] - Trade receivables rose to 8,131 billion at the end of March 2024, indicating a 16.2% increase[55] - The company reported a net loss provision for trade receivables of 132.767 million at the end of March 2024, reflecting a 23.3% increase[57] Strategic Initiatives - The company is collaborating with DeepBrain AI to develop an AI avatar that retains the voice and personality of individuals with degenerative diseases, showcasing a 96% accuracy in realism[4] - The company has integrated over 800 independent data sources into SCI, accounting for approximately 80% of all supply chain data inputs[8] - Future outlook includes continued focus on market expansion and potential new product developments, although specific figures were not provided in the content[50] - The company aims to strengthen its end-to-end service solutions, particularly the TruScale as-a-service product portfolio, addressing customer pain points in hybrid work and multi-cloud management[186] Sustainability and Employee Engagement - The company is committed to achieving net-zero emissions by 2050 and is expanding its sustainability initiatives, including carbon offset services and reducing carbon transportation[186] - As of September 30, 2024, the company has approximately 70,200 global employees, with a compensation policy linked to performance and market competitiveness[188] - The long-term incentive plan aims to attract and retain talent, linking rewards to long-term performance and shareholder interests[190]