Lenovo announced the fourth quarter and annual results of fiscal year 2005/06.
2006-5-25 16: 15:00
In fiscal year 2005/06, the turnover reached HK$ 65,438,003.6 billion, an increase of 359%.
The annual EBITDA (operating profit before interest, tax, depreciation and amortization, excluding restructuring expenses) was HK$ 3 billion, up 65,438+0.54% year-on-year.
The annual pre-tax profit (excluding restructuring expenses) was HK$ 654,380.2 billion, up by 7%.
The annual profit attributable to shareholders is HK$ 654.38+73 million (including restructuring expenses).
The annual basic earnings per share was HK$ 65,438 +0.97 (including restructuring expenses) (in fiscal year 2004/05, it was HK$ 65,438 +04.99).
On March 3, 2006, the net cash reserve was HK$ 6 1 100 million.
Lenovo Group (HKEx stock number: 992; ADR: LNVGY) today announced its fourth quarter and annual results as of March 3, 20061day. The consolidated turnover in the fourth quarter was HK$ 24.4 billion, an increase of 465,438+07% compared with the same period of last year, mainly due to the continued strong business performance in China and the contribution of the new acquisition of IBM's personal computer business in May last year. Lenovo PC sales increased by 1 1% year-on-year. In this quarter, the Group recorded a loss of HK$ 365,438+07 million in pre-tax and restructuring expenses, mainly due to normal seasonal factors, the Group's investment in new products and the global launch of Lenovo brand. On March 3rd, 2006, the total net cash reserves of the Group was HK$ 6 1 billion. The board of directors recommended a final dividend of 2.8 Hong Kong cents per share.
In March 2006, Lenovo announced an adjustment plan, aiming at improving the response speed to customers' requirements, strengthening the group's global competitive position and improving operational efficiency. As a result of this plan, the Group incurred related restructuring expenses of HK$ 543 million (US$ 70 million) in the fourth quarter of fiscal year. After including these restructuring expenses, Lenovo recorded a loss attributable to shareholders of HK$ 903 million in the fourth quarter of fiscal year 2005/06, with a basic loss of 65,438+00.16 cents per share.
Yang, Chairman of the Board of Directors of Lenovo Group, said: "In the past year, Lenovo successfully achieved the goal of the first year of integration, and the board of directors was satisfied with the smooth transition of integration, stable business and profitability of international business." Yang Xu said, "Lenovo's market share and profitability in China continued to increase, which fully demonstrated the strong competitive advantage of the Group's dual business model. At the same time, we also successfully retained the main customers of the newly acquired business and entered the second stage of the integration process ahead of schedule. "
Yang said: "Looking ahead, with the complementary advantages of the combined business, Lenovo's rich potential will be fully exerted. In China, Lenovo will make full use of the competitiveness of its existing business model to maintain its advantages in transactional business, and will further strengthen its relationship customer business by using the professional strength gained from its newly acquired business to maintain its strong growth momentum in the China market. Outside China, accumulate the potential energy of growth by copying the competitiveness of China's business model, especially for global small and medium-sized enterprises and emerging markets; At the same time, through close end-to-end integrated management, we will continue to strengthen the relationship customer business in these markets. "
William Amelio, President and CEO of Lenovo Group (William? Amelio) said: "Lenovo is a powerful enterprise, determined to pursue innovative products and efficient operations. We are now focusing on implementing various measures to help the Group successfully develop and improve its long-term profitability, including improving operational efficiency, building brand awareness and expanding dual business models. "
Amelio said: "The group is making good progress. We are very satisfied with the achievements made in the past year, and we are full of confidence in the Group's ability to promote necessary measures to achieve sustained profit growth. We will continue to pursue innovation, high customer satisfaction and efficient operation to promote business growth. "
Geographical survey
In Greater China, Lenovo's PC sales recorded a strong growth in the fourth quarter, further consolidating its market leading position. Lenovo's PC sales in China increased by 365,438+0%, which was higher than the market growth. In the fourth quarter, the comprehensive turnover reached HK$ 8.4 billion, accounting for 35% of the total turnover of the Group, and the operating profit was HK$ 402 million.
As for international business (excluding Greater China), the following is an overview of regional business performance excluding restructuring expenses in the fourth quarter.
Compared with the fourth quarter of last year, Lenovo's personal computer sales in America remained stable, with a comprehensive turnover of HK$ 7.4 billion, accounting for 30% of the total turnover of the Group, and an operating loss of HK$ 252 million.
Sales of personal computers in the Asia-Pacific region (excluding Greater China) decreased by 5%. In the fourth quarter, the comprehensive turnover was HK$ 3.5 billion, accounting for 65,438+04% of the total turnover of the Group, and the operating profit was HK$ 62 million.
Personal computer sales in Europe, Middle East and Africa decreased by 3%, and the consolidated turnover in the fourth quarter was HK$ 56,543.80 billion, accounting for 265,438+0% of the total turnover of the Group, and the operating loss was HK$ 87 million.
Product overview
Lenovo's notebook computer sales reached a record high in the fourth quarter, up 65,438+04% compared with the same period of last year, mainly driven by the Group's leading position in the China market. In this quarter, the comprehensive turnover of Lenovo's notebook computer business was HK$ 65.438+0.25 billion, accounting for 565.438+0% of the total turnover of the Group.
Lenovo's desktop computer sales also hit a new high in the fourth quarter, up 9% compared with the same period last year. The comprehensive turnover of desktop computer business was HK$ 654.38+004 billion, accounting for 43% of the total turnover of the Group.
The sales volume of the Group's mobile phone business, which mainly operates in China market, increased by 65,438+022% in the fourth quarter, pushing the annual turnover to increase by 65,438+009% to HK$ 6,543,850.2 billion.
Annual performance
In fiscal year 2005/06, the comprehensive turnover increased by 359% year-on-year, reaching HK$ 654.38+0036 billion. Lenovo's PC sales increased by 1 1% year-on-year. The Group's pre-tax profit (excluding restructuring expenses incurred in the fourth quarter) increased by 7% to HK$ 654,380.2 billion.
Considering the restructuring expenses incurred in the fourth quarter, Lenovo realized the profit attributable to shareholders of HK$ 654.38+73 million in fiscal year 2005/06, and the basic profit per share was HK$ 654.38+0.97 (compared with HK$ 654.38+04.99 in fiscal year 2004/05).
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