Yang Yuanqing, Chairman and CEO of Lenovo Group
Produced | Sohu Technology
Edit | Liang Changjun
On April 13, Lenovo Group held an online oath meeting for the fiscal year 2021/22. Lenovo Group Chairman and CEO Yang Yuanqing said that the total turnover in the first three quarters of the 20/21 fiscal year increased by 12% year-on-year, and the pre-tax profit increased by 48%, which is expected to reach a new milestone in the full fiscal year.
“Last year, due to the epidemic and other uncertainties, we froze salaries and promotions. In the new fiscal year, we should be promoted, and the salary should be increased.” Yang Yuanqing said. He also mentioned that he will work hard to realize the “rediscovery” and “revaluation” of Lenovo in the capital market.
In January this year, Lenovo announced that it would issue China Depository Receipts (CDR) and apply for CDR listing and trading on the Shanghai Stock Exchange Science and Technology Innovation Board, and enter the listing guidance period at the end of the month. Yang Yuanqing said that this will not only enhance the diversified optimization of the company’s capital structure, but also give small partners the opportunity to participate and further benefit from the company’s development.
Regarding the development trend of the post-epidemic era, Yang Yuanqing believes that the information industry is currently facing three major upgrades. One is the upgrading of information consumption. In the new normal of remote work, online learning, and home entertainment, everyone will have more smart devices and spend more time on them, and device replacement and upgrades will be more frequent. The mature market is the transition from “one family, one computer” or tablet to “one person, one computer”. In emerging markets, it is a transition from “one person, one mobile phone” to “one person, one mobile phone and computer or tablet”.
Yang Yuanqing said that Lenovo will continue to work on the expansion from computer to computing, so that more “dumb terminals” in the past will become smart, and will provide solutions for smart collaboration, smart meetings, etc., combined with AR/VR technology to make remote collaboration change It’s more convenient and efficient.
The second trend is the upgrading of information infrastructure. In the past, customers purchased traditional IT infrastructure such as servers, storage, and networks, which were product-oriented. Today, customers buy computing power and solutions, which are application- and service-oriented. What they need is the design and construction of infrastructure , The service of the whole process of operation and maintenance.
Yang Yuanqing believes that Lenovo has a unique positioning in this field. The ISG Infrastructure Solutions Business Group can not only provide traditional data center products, but also private cloud and public cloud infrastructure, achieving full coverage from edge computing to cloud computing; It can not only reach SMEs directly, but also serve large-scale enterprise-level customers.
“Our path is a comprehensive solution, not only hardware product sales, but also three links: consulting, construction and implementation, and operation and maintenance services. In fact, this is exactly what we changed DCG to ISG infrastructure solution business. The main reason for the group.” Yang Yuanqing said.
The third trend is the application upgrade from digitization to intelligence. The core is artificial intelligence, based on the three major elements of data, computing power and algorithms. The data in the digital and intelligent era does not only come from smart devices, information systems and the Internet, but more from the Internet of Things equipment. Medical equipment, machine tools in workshops, turnstiles in airports and railway stations, etc., can all become Intelligent terminal for collecting industry data.
Yang Yuanqing said that simple storage and calculation can be done on the “end”, but more needs to be done on the cloud. To connect the “end” and the “cloud”, the “network” of high-speed transmission is indispensable. With the great development of 5G and the Internet of Things, if all terminal “end” data is sent to the cloud for calculation and then the results are returned, it will inevitably cause network traffic jams or delays. Therefore, a kind of between “end” and “cloud” The calculation between the “edge” margin calculations came into being.
Finally, algorithms are needed to learn the logic of existing processes and decision-making methods and provide reasoning, working with data and computing power at the same time to make smart solutions possible, such as smart manufacturing, smart education, smart retail, and so on. “This is the intelligent transformation, which is what we call the’new IT’. It can be said to be a perfect fit with the’new infrastructure’ pushed by the country.” Yang Yuanqing said.
It is understood that in order to grasp the above three trends, Lenovo has taken the initiative to reform and reorganize its structure. In February of this year, Lenovo announced a new organizational structure plan and established a new business group: Solution Service Business Group (SSG). After the establishment of this new business group, Lenovo’s core business will consist of three major business groups, including the Intelligent Device Business Group (IDG) focusing on the Internet of Things, the ISG Infrastructure Solutions Business Group (renamed from DCG) focusing on intelligent infrastructure, and SSG Group.
Yang Yuanqing also put forward goals for the new fiscal year. He hopes that the PCSD team in IDG will maintain industry-leading profitability, all customer categories will become global champions, and mobile business will maintain profitable growth; ISG will maintain double-digit year-on-year growth; SSG will create 5 beacon-effects , Reproducible vertical industry solutions, revenue growth has reached twice the company’s overall growth rate. In addition, China and international sales organizations support ISG and SSG to achieve more than 20% business growth together.
On April 13, Lenovo’s Hong Kong stocks continued to rise after the market opened. As of press time, they rose by more than 2%. The company’s share price has doubled since last year.
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