Lenovo's 1th Quarter: Net profit year-on-year growth 23%,pc Business Solid

China Lenovo Group, the world's largest PC producer, released its 1th-quarter results in 2014: a solid PC business, a surge in smartphone business, and a significant contribution to the overall net profit growth of 23% per cent over expectations.

To make a list of details, in general:

2014 6-August net income rose to $214 million trillion, far exceeding 175 million dollars in the same period last year

1th Quarter gross margin of 1.3 billion U.S. dollars, an increase of 13%, net cash reserves of 3.58 billion U.S. dollars

PC Business:

Smartphone and tablet business:

Lenovo has beaten Samsung to become the number-one smartphone brand in mainland China. Sales of 15.8 million in the 1th quarter of 2014 (first over PC sales), up nearly 39% per cent year-on-year

Smart Terminal sales grew 28% year-on-year, keeping the world's third

Tablet PC sales 2.3 million, growth 67%, the world's third