A：In the latest fiscal year, second quarter, Lenovo Group achieved record performance. The group's revenue reached 146.4 billion yuan, a year-on-year increase of nearly 15% over the previous year; Adjusted net profit increased by 25% year on year. Revenue from all business groups and regions achieved double-digit growth year on year, with revenue from artificial intelligence-related businesses accounting for 30% of the group's total, an increase of 13 percentage points year on year. In the second quarter, Lenovo Group continued to show outstanding performance, with all business groups and sales regions maintaining strong growth momentum. Revenue reached a new single-quarter high of 20.5 billion US dollars, a year-on-year increase of 14.6%. Adjusted net profit was 512 million US dollars, up 25% year on year, and adjusted net profit margin increased to 2.5%. Revenue from artificial intelligence-related businesses accounted for 30% of the group's total revenue, with market share in the personal computer business reaching 25.6% and the smartphone business also reaching a new quarterly high. The Infrastructure Solutions Business Group saw significant revenue growth, improved operational performance, and record high revenue and operating profit margins in the Solutions and Services Business Group, demonstrating the group's balanced development strength in the global market.

A：In the field of personal intelligence, Lenovo is advancing its strategy of integrating multiple platforms to meet users' demand for highly personalized intelligence. They plan to globally launch the Personal Super Intelligent Body at the Lenovo Innovation and Technology Conference on January 6 next year. This intelligent body can work together with various wearable and environment-sensing devices, continuously learn users' habits and intentions through personalized algorithms and models, provide highly customized intelligent results, and achieve "think what you want, do what you wish".

A：In the field of enterprise intelligence, Lenovo is committed to transforming enterprise data and knowledge into precise insights and tangible value, helping enterprises seize opportunities in the changing infrastructure market. They refine and recreate different business models for large enterprises and small and medium-sized enterprise customers, aiming to transform data into insights and intelligent business processes through AI models and intelligent bodies with the support of computing power provided by hybrid infrastructure, building replicable and scalable solutions, and providing full lifecycle services to help enterprises build enterprise intelligence twins.

A：Our business growth is attributed to rigorous financial management measures, specifically evidenced by operating cash flow reaching 1.5 billion US dollars in the second quarter, with free cash flow rising to 1.1 billion US dollars, supporting the group's continued investment in key growth areas. In addition, strong operating cash performance, effective working capital cycle management, and strict expenditure control have combined to reduce adjusted net financial costs by 31% compared to the same period last year.

A：It is recommended to focus on the adjusted operating profit and net profit, as they exclude the impact of non-cash and non-operating items, providing a clearer reflection of the group's core operational performance. The group's leadership in the ESG field continues to be globally recognized, such as being ranked 8th in the Gartner Global Supply Chain Top 25 list for 2025, and the Monterrey factory in Mexico being selected for the World Economic Forum Global Lighthouse Factory Network. In addition, the group has deepened its cooperation with the United Nations Industrial Development Organization to promote the development of a circular economy, and has joined the Sustainable Artificial Intelligence Alliance, demonstrating its long-term commitment to sustainable development, innovation, and environmental protection.

A：IDG Intelligent Device Business Group's revenue for this quarter increased by 12% year-on-year, reaching $15.1 billion. Operating profit reached $1.1 billion, setting a record market share of 25.6% globally. This growth is mainly due to the continued momentum in high-profit product categories, with shipments of high-end personal computers increasing by 25% year-on-year. The shipments of AIPC account for 33% of Lenovo's total personal computer shipments, further consolidating its market share in the global market.

A：Lenovo's cross-device artificial intelligence ecosystem is laying a solid foundation for the personal intelligent vision, providing a seamless integrated multi-terminal experience. Lenovo maintains absolute leadership in all key areas of the personal computer industry, with continuously expanding market shares in the global consumer and business markets, particularly in strategic product categories such as high-end personal computers, gaming machines, and servers within its PC product portfolio.

A：Benefiting from the growth of investment in artificial intelligence infrastructure and Lenovo's technological and product advantages in advanced computing, ISG's revenue reached $4.1 billion this quarter, a year-on-year increase of 24%. The Sea God liquid cooling technology grew strongly, soaring 154% year on year, further solidifying its leading position in sustainable high-performance infrastructure. At the same time, through expanding its cloud services to enterprise and small and medium-sized business customers, ISG has achieved multiple key breakthroughs in AI infrastructure, cloud computing, and high-performance computing.

A：The SSG Scheme Service Business Group achieved double-digit revenue growth for the 18th consecutive quarter, with a revenue growth of 18% to reach $2.6 billion. The operating profit margin is close to a historical high. Strong demand for hybrid cloud, artificial intelligence, and digital workplace solutions has driven its growth rate to be twice that of the market, and the growth of projects and solutions business is further driven by enhanced artificial intelligence solutions in the manufacturing and retail vertical industries.

A：Looking ahead to the future, the group remains optimistic about the improvement of the global trading environment, relying on a global resource localization delivery operation model to maintain resilience and differentiation. At the same time, through upcoming international cooperation and technology showcase events (such as the 2026 CES Consumer Electronics Show), the group aims to enhance its brand influence. With strong execution capabilities and a focus on both individual and enterprise artificial intelligence, the group is confident in transforming its strategies into sustainable and profitable growth.