Lenovo’s 2021 annual net profit rose by 49%: Legend Holdings

Legend Holdings just-released Lenovo’s financial report. Last year, it achieved a total operating income of 489.872 billion yuan, a year-on-year increase of 17% 413.731 billion yuan in the same period last year; net profit was 5.755 billion yuan, an increase of 48.78% year-on-year the same period last year. 

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Lenovo’s basic earnings per share for the fiscal year was RMB 2.46, up 48% from the same period last year. For the year ended December 31, 2021, Lenovo’s board of directors recommended the payment of a final dividend of RMB0.40 per ordinary share (before tax), an increase of 11% over the same period last year.

Moreover,  in 2021, Lenovo Group will achieve revenue of RMB 455.331 billion, an increase of 18% year-on-year, and a net profit attributable to equity holders of Legend Holdings of RMB 4.019 billion, a year-on-year increase of 92%.

In the field of industrial incubation and investment, in 2021, the net profit attributable to equity holders of Legend Holdings will be RMB 1.54 billion, and the contribution of net profit attributable to equity holders of Legend Holdings will account for 21% of the two business segments.

Furthermore, Lenovo said that it will increase investment in technological innovation and support for early-stage technology companies, the next step is to make new contributions to the development of the national science and technology innovation industry.

Lenovo Group will reach the target of an average annual R&D investment of RMB 20 billion in the next three years, and the number of R&D personnel will double to no less than 24,000. At present, related work is progressing steadily. In the fourth quarter of 2021, it has invested RMB 3.5 billion a year-on-year increase of 38%.

(via)