Yang Yuanqing shared last week's just released second quarter earnings: 'Lenovo Group in the previous quarter, the global turnover reached 11.8 billion US dollars, up 5% over the same period last year, net profit of 153 million US dollars.
For Lenovo Group in the second quarter earnings to achieve profitability, Yang believes that it is with the Lenovo 'three waves strategy' continues to advance the group's performance has brought steady and gradual improvement.He believes that Lenovo faces the Diversified business transformation, after repeated transformations, Lenovo is back on the rise.
For PC business, Yang Yuanqing disclosed that Lenovo's personal computer business maintained growth exceeding the average growth rate of 5% in the market. After taking office, the growth rate of China in May was even greater. At the same time, he said that new retail and new services Is growing and the business transformation of the data center has achieved initial success.LandPhone ranks the top three in Latin America with an annual growth rate of 60% or so.Mobile and data center business will be the focus of future development.
At the future level of development, Lenovo will spend tens of billions of yuan each year in 'artificial intelligence' to continually develop 'equipment + cloud' to build the core competitiveness of the next generation of smart devices and the future AI field.
The following is Yang Yuanqing full text:
Dear customers, channel partners, media friends, as well as our lovely elite exchange students, Hello, everyone! Welcome to Lenovo Innovation and Technology Conference · Wuhan Summit! Today is the reporter's speech on November 8, Of the media who wish the festival's best wishes, I wish you a happy holiday! Wuhan is one of the headquarters of Lenovo, here for me, kindly with their own home the same as one of the reasons, of course, can not do without food today is too early ', I ate noodles, egg noodles and dried noodles, really' quite (second sound, long sound) solid 'and, more importantly, because the association is rooted in this, the development here, contribute to this .
In 2012, Lenovo invested 5 billion yuan to build an industrial base for smartphones in the East Lake High-tech Zone, which produced 38.9 billion yuan and exported 4.6 billion U.S. dollars last year. As of September this year, it has achieved a total value of 138.2 billion yuan and exports 12.3 billion U.S. dollars, winning the title of Hubei Import and Export Corporation for three years in a row. From here, the mobile terminal products designed, manufactured and tested are sold to more than 160 countries around the world, making a new growth engine for us and implementing the transformation Real and important contribution.
As we all know, Lenovo is transforming itself from a former PC world champion to a diversified business including smart phones and data centers. The process of restructuring is actually a process of competitive reengineering. Therefore, in the past two years, we have been Constantly exploring, learning and trying out. Today I am especially happy to want to share with the "hometown people" that the competitiveness of new businesses is beginning to bear fruit. We have already returned to the ascent channel.
Last quarter, Lenovo's overall operating income to regain growth, an increase of 5% over the same period last year to reach 11.8 billion US dollars, net profit reached 153 million US dollars. All the main business performance are remarkable .Our Traditional strengths The PC business maintained its industry-leading profitability and market leadership, with turnover surpassing the average market growth of more than 5 points in the last quarter as we grew 25% in Europe-Middle East-Africa and Asia-Pacific grew 7.5% in Latin America, and 37% in Latin America, while in China, we saw the upward trend again after the organizational restructuring and new leaders took place in May, and both the new retail transformation and the construction of new service competitiveness Steady progress, new growth for the future ready.
The data center business is the business that we started to develop vigorously in the recent two years. Our key point is to enhance the technical and product capabilities and enhance the sales and marketing capabilities. The construction of these core capabilities has gradually achieved results so far. We are the largest in the world
Of the two data center markets: European and North American markets to achieve continuous growth, the Chinese business in the adjustment of organizational structure, strengthen the leadership team to enhance product competitiveness, the turnover also achieved an increase over the previous quarter.
Of course, I know everyone is most concerned about is closely related to the mobile business in Wuhan in this business, in fact, we are incense wall wall incense, the top three in Latin America, the first quarter in Latin America and North America, Western Europe, etc. Mature markets, sales growth year over year all higher than the market more than 60 percentage points; in the United States, Motorola almost double the annual growth of the market into the top five, known as the counter-attack star; in Asia Pacific, especially in India The rapid growth, of which the contribution of Wuhan mobile production base contributed.
Today, I can confidently say that our mobile business and data center business have found the right path, the future development will be better and better, as our new growth and profit engine.Like Lenovo's development, One of the biggest motivations is innovation, and in this coming Wuhan, we hope to introduce Lenovo's future technology layout and thinking as well as innovative products and services to all through the innovative conference with the theme of "connection-imagination". I. We are Entering the Age of Intelligent Revolution Driven by Artificial Intelligence We all believe that we are rapidly entering a new age driven by artificial intelligence. Just as the steam engine was the first industrial revolution, Second Industrial Revolution, Digitization Like the third industrial revolution, artificial intelligence-driven intelligent revolution is leading to the Fourth Industrial Revolution, which will profoundly change our future lifestyles, working methods and the society as a whole. Years, the birth of artificial intelligence technology, 60 years, two rise and two winter, lack of data and computational power support, limited to subjects Research, lack of practical application, and far away from real life are the main reasons why it can not be truly embraced by us.While the immediate rise we are experiencing is closely integrated with the real world we live in with unprecedented breadth, depth and speed, We are moving from digital survival to intelligent survival.
These scenes have been or will arrive: as long as you move your mouth, whether it is home appliances, office equipment or even a car, you can understand what you are saying and care for you and take the initiative to serve you. We live in the house, according to the composition of the indoor staff, adjust their own temperature, humidity, lighting, adjusted to everyone's comfortable state; we work in the business, with big data analysis, improve product design, accurately forecast demand and achieve accurate Marketing, providing timely and thoughtful after-sales service; we live in the city, through the collection and analysis of real-time navigation data of the vehicle, combined with in-depth study of the initiative to ease the traffic congestion, greatly reducing congestion; we can not do without education, medical and other public services, Under the support of artificial intelligence, we can really enjoy the teacher's resources equally and provide 24-hour non-stop body monitoring and consultation services to meet our individual needs. It is precisely because of this momentum that AI infiltrated into the market Industry, all aspects, all of which are mainly due to the three elements of artificial intelligence - big data, Computing power and algorithms go hand in hand.If the PC Internet to the mobile Internet is a big leap forward, now that we have crossed the mobile Internet to the smart Internet again in this smart Internet era, more and more around us All-purpose devices become smarter with computing, storage, and networking capabilities, and with the help of sensors, these smart terminals can continually sense the environment and converge into massive, geometrically growing data in the cloud.
To gather and analyze the data generated by these devices, the back office infrastructure is undergoing radical changes to meet the growing computational demands of different types of users, moving from the traditional IT infrastructure to more agile, resilient and intelligent Of the data center transformation.And more importantly, it is precisely human wisdom, is a deep learning algorithm created by people.Engineers continue to improve and perfect these algorithms, in order to really use the big data, let us All the more intelligent.With the data gathered from the intelligent terminal, with the computing power of the new infrastructure, with continuous learning and improved algorithms, we can more accurately perceive and recognize our world, to make more informed judgments And decision-making, so that our lives more convenient and colorful, our work more accurate and efficient, our society is more harmonious and orderly.
Second, the association: 'equipment + cloud' and 'infrastructure + cloud' to meet the era of smart change In such an era full of AI, Lenovo's mission is to become this round of 'AI (artificial intelligence) driven smart change' And enablers, and we will provide smarter, device + cloud connectivity to cloud content, cloud applications and cloud services for users, whether consumers or business users.
The image of Lenovo as a PC leader has long been well-known, and in the future we will continue to focus on the PC, but it will no longer be just a Personal Computer but a Personal Computing personal computing device. At the front end, Devices, PCs, smartphones, personal clouds and personal cloud wings, as well as new devices that connect cloud content with cloud services based on new interactive technologies such as natural language, AR / VR, etc. Still further, With Personalized Computing + Personalized Cloud, Personal Computing + Personalized Cloud to meet the diverse needs of everyone, devices and the cloud will be more closely integrated and synergistic to provide us with intelligent services that cover everything from the perceptual environment Cognitive decision-making the whole process.Future intelligent devices will be able to see, be able to listen to, be able to say, based on historical information converged into big data, intelligent self-learning each user's behavior, take the initiative to provide intimate information and services. Words, with the AI, cold equipment will know you, understand you, serve you, with high IQ and human touch, while in the back end , We will build smarter 'infrastructures + clouds' to intelligentize IT infrastructures by building software-defined data centers that meet the needs of traditional businesses, Internet businesses, scientific computing and artificial intelligence (AI) applications, all three Different types of applications on the computing power of different requirements; we will also be based on a profound understanding of various industries, to create a set of computing power, algorithms and big data as one of the complete vertical industry solutions.
As the world's largest and most advanced factory owned by Lenovo, the Wuhan base covers a full range of products for mobile internet smart terminals and we are continuously improving the smart manufacturing capabilities in Wuhan base in response to the national strategy of Smart Manufacturing 2025. Smart Rather than create more robots on the production line as simple as possible, R & D, production, supply, sales and service are all linked in their entire life cycle with intelligence, designed and developed according to the needs of customers, procured parts and components Production, precision marketing and provide services.Relying on Lenovo's own intelligent solutions, at present, Wuhan base has been able to meet the customer's personalized custom products, orders transparent and precision delivery requirements, not only to greatly enhance the production efficiency, but also Can play for the manufacturing-type manufacturers the most difficult demand forecast, the real realization of the leap from the information technology to intelligent.Delouve alone, we are serving such an intelligent solution to our customers, from education to Medical, from finance to telecommunications, from transportation to energy, from government to scientific research, to help all walks of life to achieve intelligent turn We make IT is no longer just 'Information Technology IT', but for enterprises and industry empowerment, help them achieve 'Intelligent Transformation smart change'.
In retrospect, the change of each time in the past has its own leading, pioneer, hero, and era at any time. The hero of the first industrial revolution was a mechanic, who designed and built a dynamic system, a machine and factory.
The hero of the Second Industrial Revolution was a new generation of managers who designed and built modern organizations.The third industrial revolution made engineers into heroes who designed integrated circuits and source code to create a digital world.Nowadays, The curtain of the Fourth Industrial Revolution has been gradually opened up, from smart smart devices to powerful infrastructures to smart cloud computing, and the comprehensive coverage of all elements of smart change is Lenovo's unique advantage. Take advantage of the opportunities brought by artificial intelligence and work closely with the 'smart partners' in all walks of life to become the leader of a new round of industrial revolution and work together to create a new world filled with love and love! Well, thank you all!