Legend Holdings' net profit surged 144% in the first half of the year, with revenue increasing by 20.67%. AI server revenue rose more than three times year-on-year | Financial Report Insights

Legend Holdings achieved a revenue growth of 20.67% year-on-year in the first half of the year, with net profit attributable to shareholders surging 144% year-on-year. The flagship subsidiary Lenovo Group's personal computer business market share reached a historic high, and revenue from artificial intelligence servers increased more than threefold year-on-year.

On the 29th, Legend Holdings announced its interim performance report for the six months ending June 30, 2025:

• Revenue: CNY 281.559 billion, compared to CNY 233.364 billion in the same period last year, a year-on-year increase of 20.67%
• Net profit: CNY 4.176 billion, compared to CNY 2.805 billion in the same period last year, a year-on-year increase of 48.88%
• Net profit attributable to shareholders: CNY 699 million, compared to CNY 286 million in the same period last year, a year-on-year increase of 144.41%
• Basic earnings per share: CNY 0.30, a year-on-year increase of 150%

Lenovo Group's AI Business as a Key Engine

The core driver of Legend Holdings' performance comes from its 31.41% stake in Lenovo Group. The announcement shows that Lenovo Group's revenue in the first half of the year grew by 24% year-on-year to CNY 257.2 billion, contributing CNY 13.41 billion in net profit to Legend Holdings, a year-on-year increase of 21%. All of its main businesses achieved double-digit growth.

• Intelligent Device Group (IDG): The personal computer business performed strongly, with a global market share reaching a historic high of 24.6%. AI PCs became a highlight of growth, with shipments accounting for over 30% of Lenovo Group's total PC shipments, and a global market share of 31% in the Windows AI PC category, maintaining the top position.
• Infrastructure Solutions Group (ISG): Benefiting from the surge in demand for AI servers, this business segment's revenue grew by 49% year-on-year. Among them, revenue from artificial intelligence servers increased more than threefold year-on-year.
• Solutions and Services Group (SSG): Maintained double-digit growth for 17 consecutive quarters, with revenue rising 20% year-on-year, while maintaining a high operating profit margin of over 20%.

It is noteworthy that the revenue share of Lenovo Group's non-PC business has increased to 48%, indicating a growing momentum in its diversified growth engines.

Performance Divergence in the Industrial Operations Segment

The industrial operations segment achieved revenue of CNY 279.1 billion, a year-on-year increase of 21%, but the performance of various sub-businesses showed significant divergence. Lenovo Group performed the best, with revenue of CNY 257.2 billion, a year-on-year increase of 24%. The personal computer business market share reached a historic high of 24.6%, further expanding its lead over the second place. The smartphone business recorded double-digit growth for seven consecutive quarters, with Motorola's foldable phones occupying the global top position with over 50% market share.

In contrast, Legend Holdings' revenue was CNY 3.108 billion, a year-on-year decrease of 9%, mainly due to a decline in the prices of some products. Jiahua Group's revenue was CNY 16 billion, a year-on-year decrease of 5%. Although losses narrowed significantly by 41% year-on-year, it still faces structural adjustment pressures

Investment business loss narrows, continuous increase in technology

Legend Holdings' "Industrial Incubation and Investment" segment recorded a net loss attributable to shareholders of RMB 386 million in the first half of the year, narrowing from RMB 451 million in the same period last year. The company stated that the reduction in losses was mainly due to the recovery of the capital market, which drove the value of some investment portfolios up, but losses were still recorded due to the underperformance of individual investments.

This segment remains an important platform for Legend Holdings to implement its technology layout strategy. During the reporting period, the company continued to strengthen its layout in cutting-edge fields such as AI, new materials, and biomedicine, with cumulative investments in over 50 technology projects in the first half of the year. The announcement disclosed that the cumulative investment in AI companies by the Legend Holdings system has exceeded 270, and the number of invested companies in embodied intelligence and medical fields also ranks among the top in the industry