Lenovo's Quarterly Sales was $ 5.9 Billion

August 18, 2011 Lenovo Group announced in Hong Kong as of June 30, 2011 fiscal year ended 2011 to 2012 first quarter results. In the first quarter, consolidated sales increased 15 percent year over year sales of $ 5.9 billion. Gross profit grew 41% year over year, gross margin was 12.5%. Operating profit increased 51 percent year over year to $ 123 million. Lenovo Group, said: "During the period, the Group for future development to increase innovation, brand building and business investment in mobile Internet terminal in the case, the Group's operating profit was still continues to rise." Lenovo CEO Yang when in an interview, said: "This past quarter, for Lenovo is a refreshing historical quarter of our single-quarter sales hit a new high break of 10 million units, re -posted the top three ranks of the global PC, 23% The growth rate is the average market growth rate of 8 times. " Joint venture with NEC Japan's largest personal computer group record It is understood, the seventh consecutive quarter, Lenovo became the world's top five PC vendors in the fastest growing manufacturers, and jumped into the world's third largest PC vendor. During the quarter, the ninth consecutive quarter, Lenovo exceeded the average market growth, the Group's worldwide PC shipments rose 23.1% year over year, while sales over the same period the overall market growth of only 2.7%. During the quarter, Group profit before tax was 1.23 billion U.S. dollars, surged 64% year over year. Profit attributable to shareholders $ 108 million, representing growth of 98% over the same period last year. Basic earnings per share of 1.11 cents or 8.63 cents. On June 30, 2011, the Group's net cash reserves of $ 3.6 billion. According to results, Lenovo's mobile phone sales up 34 percent year over year, including smart phones and feature phones. Music Phone Music Pad smartphones and Tablet PC products popular in the Chinese market, the Group will in the coming months to re-introduce the new smart phone series, in order to drive future growth. Last month, Lenovo introduced three new global market, Tablet PC, tablet PCs, including IdeaPad K1 and P1, and the ThinkPad Tablet PC. June 2011, Lenovo announced the acquisition of Medion AG, a personal computer, multimedia, mobile communications services and the leading German consumer electronics company. The acquisition will enable Lenovo's market share in Germany, double, becoming the largest PC market in Europe's second-largest manufacturer, and will help promote the association in the consumer PC business, and high-growth areas of mobile Internet business development. It is understood that Lenovo during the quarter also completed a joint venture with NEC's work, co-founder of Japan's largest personal computer group. The cooperation makes Lenovo the world's top three PC market leading position in two. "The Board is very satisfied with this quarter's results and since early 2009, the restructuring of association leadership, we have been steadily climbing performance, all according to plan implementation." Lenovo Chairman Liu said: "Lenovo has got a good management team, with a correct way to develop strategies and strong execution capabilities in this quarter once again proved this point, indicating that the Lenovo acquisition of IBM PC business a success. the future, we will conduct in-depth experience in M ??& A Summary and applied to NEC in Japan and cooperation, cooperation in Germany and among the Medion. " Yang borrow money to buy Lenovo shares The morning of August 18, Lenovo CEO Yang in 2011-2012 fiscal first-quarter earnings of communication was also revealed that he bought nearly 800 million shares of company stock funds mostly from borrowing and repayment risk of carrying huge amounts of . June 17, Lenovo CEO Yang invested 3.15 billion Hong Kong dollars for 8% of shares of Lenovo Group to become the second largest shareholder, CEO Yang bought from 797 million shares of Legend Holdings, Lenovo Group shares, their personal stock holdings of Lenovo Group total issued shares of the share which increased 8% to 8.7%. The details of the transaction: the purchase price of HK $ 3.95 per share, the transaction amounted to HK $ 3.15 billion (approximately $ 403.8 million). Yang released a statement at the time said, "This transaction itself is a personal investment behavior, but to make the investment decision is based on my full confidence in the company's bright future." In today's fiscal 2012 first quarter earnings conference communication, "Securities Times" reporter has learned that Yang has further disclosure of the transaction. He said that he bought nearly 800 million shares of company stock funds mostly from debt, and burdened with a huge repayment risk, "I am certainly not so much personal property." Yang declined to give details, but he stressed that the confidence for the future development of Lenovo Group, the company's share price has continued to improve confidence.