Mr Liu said he had resisted the pressure

Source: Internet
Author: User
Report (reporter Lin Chiling) yesterday, Lenovo Group released the first quarter of the 2011/2012 fiscal year earnings. Lenovo's market share, quarterly sales and turnover are at record highs.  Lenovo also returned to the top three per cent of global PC makers in market share. Net profit rose 98% in the first quarter of this year, Lenovo sales of 5.92 billion U.S. dollars, net profit climbed to a new high, up to 108 million U.S. dollars, the year-on-year increase of 98%.  The group has a net cash reserve of USD 3.6 billion. As of the quarter, Lenovo's global market share grew to 12%, becoming the world's third-largest PC maker. In the quarter, Lenovo surpassed the average market growth for the nineth consecutive quarter.  In 2005 and 2006, Lenovo entered the top three of global PC makers two times, but was overtaken by Acer in 2007. But Lenovo's sales and distribution costs surged 57.4% in the quarter.  Lenovo said this was mainly due to Lenovo Group's promotion, branding and marketing activities increased by 66 million U.S. dollars and employee welfare costs increased by 50 million U.S. dollars. In 2008, Lenovo lost 226 million of billions of dollars to record the highest losses in Lenovo's history.  Then Mr Liu returned, after 3 quarters of adjustments, the results began to climb, to the third quarter of 2010, the quarterly net profit breakthrough 100 million dollar mark. Mergers and acquisitions expand mature markets, Lenovo's market share in mature markets reached 6.6% in the quarter, a record high. The market's pre-tax profit of 77 million dollars has become the main pillar of Lenovo's profits.  Said Liu, the chairman of Lenovo's board of directors. Lenovo acquired the Japanese NEC PC business in late March and announced a takeover of German Medion in June. Industry analysis, Lenovo in the mature market performance benefited from both acquisitions. "Lenovo has been successful in acquiring IBM PCs in the quarter, and Lenovo has been applying the acquisition experience to the Japanese-NEC and Germany-medion cooperation," he said.  Mr Liu said other acquisitions were still under consideration. Lenovo, the CEO, said in a financial communication meeting that Lenovo had sold up to 80,000 units in the quarter. "The initial market response is ideal," Lenovo said. "Le Pad is Lenovo Group launched the first tablet computer, March 28 officially listed, it is Lenovo Group Mobile Internet strategy is an important part." Lenovo Group also announced the launch of 3 new Tablet PCs. Yang said Lenovo will also launch a Windows tablet computer in the future.  Yesterday, Yang also said that Lenovo music phone sales are still good, sales increased 172% year-on-year. Related news Liu: Yang resisted the pressure. (reporter Lin Chiling) Mr Liu said yesterday that Yang, who subscribed to some 800 million per cent of the capital, was partly borrowed, and Yang himself faced a huge loan risk. "Yang is under a lot of pressure to buy shares in his personal name, but Lenovo's performance today suggests he has resisted the pressure," he said. "This June 17, Lenovo Group announced that Yang has bought 797 million shares of Lenovo GroupShares, which hold 8.7% of Lenovo Holdings. The industry estimates that the subscription fund is about HK $3.15 billion. Yang's 2010 income was $11.88 million trillion.

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