Lenovo Group's Hong Kong stock fell more than 4%, with Q4 profits exceeding expectations and growing more than double

Lenovo Group's Q4 profit exceeded expectations, growing more than double, indicating that AI infrastructure spending is helping the global personal computer market get back on track.

On the 20th, Lenovo announced its Q4 financial report:

• Revenue of 135.1 billion RMB, a year-on-year increase of 20%, with all three main business segments achieving double-digit growth.
• Profit growth expanded, with net profit under Hong Kong Financial Reporting Standards increasing by 106% year-on-year to 4.98 billion RMB.
• Profit growth expanded, with net profit under Hong Kong Financial Reporting Standards increasing by 106% year-on-year to 4.98 billion RMB.

Lenovo Group stated that in this fiscal quarter, Lenovo's global market share in personal computers reached 24.3%, leading the second place by nearly 5 percentage points. The operating profit margin of the IDG smart devices business group reached 7.3%. AI PCs, as a brand new category of smart devices, are accelerating beyond expectations, with AI PCs featuring five characteristics accounting for 15% of notebook sales in the Chinese market.

On the same day, Lenovo Group announced that it will deploy the DeepSeek large model locally on the AI PC side, becoming the world's first PC manufacturer to deploy this large model on the client side.

After the financial report was released, Lenovo Group's stock fell more than 4% in Hong Kong.