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<Research>CICC Lifts Annual NP Forecast for LENOVO GROUP; 3FQ Results Beat
LENOVO GROUP (00992.HK) achieved a revenue of USD22.204 billion in 3QFY26, marking an 18% YoY increase, according to CICC's research report. The non-HKFRS net profit grew by 36...
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<Research>CICC Lifts Annual NP Forecast for LENOVO GROUP; 3FQ Results Beat
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LENOVO GROUP (00992.HK)  +0.190 (+2.000%)    Short selling $285.11M; Ratio 89.306%   achieved a revenue of USD22.204 billion in 3QFY26, marking an 18% YoY increase, according to CICC's research report. The non-HKFRS net profit grew by 36% YoY to USD589 million, while the net profit attributable to shareholders dropped by 21% YoY to USD546 million.

CICC attributed the overall better-than-expected results to a 72% YoY growth in the AI-related business, which has become a significant growth driver for LENOVO GROUP, accounting for 32% of revenue. Meanwhile, effective cost control led to an increase in operating profit margin by 0.6 ppts YoY to 4.3%.

Based on the continuous increase in PC market share and effective cost control measures, CICC has raised its FY26 non-HKFRS net profit forecast for LENOVO GROUP by 6.5% to USD1.801 billion. LENOVO GROUP's rating remains as Outperform, with a target price of HKD14.8.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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