Liu: Don't expect too much from Lenovo

With a single quarterly loss of $264 million trillion to a profit of $53 million, Lenovo used only two quarters. Yesterday, Lenovo Group released its results for the second quarter as at September 30, 2009. The group not only succeeded in turning the profit, but also reached a new record of 8.9% global market share. Lenovo recalcitrant, who became chairman in February this year, said it would take a year to make a difference. Even in advance, Mr Liu appears low-key and cautious: "Do not expect too much of us, please give us more room for development." "To the past:" We are a company that does what we do. In fact, the analysis has already predicted that Lenovo might be able to complete the turnround task ahead of the last quarter, when Lenovo's losses have narrowed sharply to $16 million trillion. Analysts had previously predicted that Lenovo would achieve a net profit of $4 million trillion in the second quarter.　　But when Lenovo handed in a quarterly profit of 53 million dollars, it was a surprise to the outside world. "I am satisfied with this quarter.　　"We are a company that can do what we do," said Lenovo chairman Liu, at an analyst meeting. If you look closely at the earnings, Lenovo is already doing the same, as Mr Liu promised.　　Not only that, the financial paper is almost the best result of Lenovo's acquisition of IBM PCs. The results show Lenovo's global market share has reached a record high of 8.9% and cost control is at its best.　　Single-machine manufacturing costs fell 14%, the cost rate fell to the optimal level since the merger of 9.5%.　　Although Lenovo's sales have not recovered to their all-time best in the quarter, Lenovo's global PC sales rose 17% per cent in the context of a global PC industry that has seen sales rise by only 2.3% a year. Lenovo's strong business rebound owes much to the contribution of China and other emerging markets to group sales, particularly Lenovo's sales in China, which rose 28% and sales by 9%, with Lenovo's CEO, Yang, as "China has once again played a ' mainstay ' role".　　In other regions, both mature and emerging market associations have shown impressive sales. For the future: "Still need to give us more space" but Lenovo is very low-key about the loss.　　In his performance note, Mr Liu repeatedly stressed that the PC industry is facing the overall problem, expecting investors to give Lenovo more time. Lenovo's low-key is not without reason. At present, the PC industry is not as optimistic as expected, Lenovo has a clear understanding of this. "Corporate clients are still very cautious about spending on PCs," Yang told reporters. That could be mitigated by at least the first half of next year. On the other hand, the trend of leading position in the computer market is becoming more and more obvious, which will compress the profit margin of the manufacturer. Unfortunately, computer components are still quietly rising prices. including computer LCD screen, the price of memory has been rising. This situation should at leastLast until the end of the year.　　This means Lenovo must struggle with the growing "ills" of the computer industry-low margins. So Lenovo must make a difference. Yang stressed that Lenovo will focus on innovation in the future, "no longer like other manufacturers just to sell computers as commodities." This means Lenovo will do its best to raise its gross margin to meet future challenges. On the other hand, the global replication of its successful experience in China has also become the most important. "Replicate Chinese low-cost manufacturing and marketing strategies around the world.　　"Yang expects Lenovo's future to be more than just mainland China," he said. Despite many problems, Lenovo's most difficult time has passed. "Lenovo was on the right track when it was standing on the edge of the cliff and turning the corner," Mr Liu told reporters. "Commercial newspaper reporter Rotin