Consumer China

Lenovo Group (0992:HKG)

  • Published 10 Dec 2009

The computer manufacturer's pursuit of lower tier regions has so far come at the cost of margins.

Recent financials:Net profits of the computer manufacturer hit $53m (Rmb 362m, €35.8m, £32.4m) during its fiscal Q2 ending September 2009, up 126% year on year, while revenues hit $4.1bn down 5.25% year on year, though up 19% on a quarterly basis. First half revenues were down 11.5% year on year to reach $7.6bn, while net profits hit $37m, down 72.32% following a $16m loss in the first fiscal quarter.

Issue icon

Latest Issue

12 Jan 2012

Browse the archive

Get two weeks free trial Subscribe now to access all of China Confidential

China Confidential Funds

China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.

Find out more