Yang Yuanqing said the high-tech industry is facing re-integration: Lenovo can seize this opportunity

Thanks to CTOnews.com netizen Colorful M for the clue delivery! CTOnews.com April 6 news, CTOnews.com learned from the Lenovo Group official, Lenovo Group 2023 CEO 24 fiscal year oath meeting kicked off today, Chairman and CEO Yang Yuanqing announced the five major goals for the new fiscal year.

Yang Yuanqing said that in the new financial year, Lenovo will still unswervingly implement the 3s strategy, accelerate service-oriented transformation, promote technology-driven innovation, continue to build diversified growth engines, and set five major goals to this end:

First, the PC business continues to outpace market growth, maintain industry-leading profitability, and return to year-on-year growth in the second half of 2023.

Second, the share of non-PC business turnover increased further, by more than 2 percentage points.

Third, MBG's turnover grew by 15 per cent year-on-year, SSG grew by 20 per cent, and both businesses grew to $8 billion.

Fourth, ISG continues to achieve rapid growth and profits by more than 20 percentage points faster than that of the market.

Fifth, Lenovo Venture Capital invests in more excellent technology enterprises to do a good job in Lenovo's technology watchtower.

Yang Yuanqing also said that in the past three years, Lenovo's revenue has increased by more than 100 billion yuan from 350 billion yuan to 460 billion yuan, while net profit has almost tripled from three years ago.

Yang Yuanqing believes that the high-tech industry has become too complex and decentralized from the earliest integration mode of IBM software and hardware and superimposed applications to the differentiation mode dominated by operating systems and chips. Users cannot have a seamless cross-device and cross-ecological experience, and it is difficult for enterprise customers to choose the infrastructure and solution that works best for them. Once again, the time for integration may have come, and Lenovo has the advantage of the right time, place and people to seize this opportunity.

"We are in the hub position of hardware and software and the front position of facing customers, and we also have the successful experience and ability of vertical integration. Like CSP's cloud infrastructure business, Lenovo has greatly improved its competitiveness by switching from outsourcing to self-designed motherboards. Through the extension of vertical capacity, we can realize the "downward integration" from the whole machine to the motherboard, and then to the key components. This is not only the new connotation of our vertical integration, but also the soul of our service-oriented transformation and technology-driven innovation. "