On May 26, Lenovo Group announced the full year (April 2021 March 2022) and fourth quarter results of fiscal year 2021 / 22: the annual turnover was nearly 460 billion yuan, a year-on-year increase of 18%; The annual net profit reached 13 billion yuan, a year-on-year increase of 72% The financial report shows that Lenovo Group has achieved full profitability of its main business for the first time since the merger and acquisition of Motorola mobile and IBM x86 servers in 2014.
In addition, after the implementation of Lenovo Group's transformation strategy, its SSG solution service business group achieved high profits and high growth. The annual turnover reached 34.92 billion yuan, a year-on-year increase of 30%, and the operating profit was 7.67 billion yuan, a year-on-year increase of 40%; ISG infrastructure solutions business group achieved annual profit for the first time, with a turnover of 45.82 billion yuan, a year-on-year increase of more than 13%, and an operating profit of 43 million yuan; The turnover of mobile business in the whole fiscal year reached 50.7 billion yuan, with a year-on-year growth rate of 39%, higher than the general market trend. At the same time, the operating profit reached 2.3 billion yuan, with a year-on-year growth of 110%, the highest since Motorola's merger and acquisition.
In terms of the main business of PC, Lenovo Group's performance is stable. High end segment products grew rapidly, with 37% growth in game category, 30% growth in high-end yoga and 60% growth in workstation category.
The financial report pointed out that looking forward to the future, Lenovo Group is unswerving in its service-oriented transformation and its determination to strengthen R & D innovation remains unchanged: in the last fiscal year, the company's R & D investment increased by 43% year-on-year to 13 billion yuan, and nearly 5000 R & D talents were recruited.
"We are moving towards the goal of doubling our R & D investment within three years, further enhancing our core competitiveness and promoting sustainable profitable growth," Yang said
