Lenovo Holdings issued a profit warning: it is expected that the net profit of returning home in the first half of the year will drop by no less than 62% compared with the same period last year.

Thanks to CTOnews.com netizens for the delivery of the trumpet of a salted fish! CTOnews.com, July 28, Lenovo Holdings issued a profit warning on the Hong Kong Stock Exchange today, predicting that the net profit from January to June will be no more than 800 million yuan, down no less than 62 percent from 2.131 billion yuan in the same period last year.

▲ Touyuan Lenovo website Lenovo Holdings said that as far as directors know, the decline in profits during the period (January-June this year) compared with the same period last year is mainly due to the slowdown in global economic growth, and the profits contributed by the company's industrial operation sector have declined year-on-year due to industry factors.

Lenovo also said it would release details of its interim results at the end of August 2023.

CTOnews.com previously reported that Lenovo Holdings achieved revenue of 483.663 billion yuan in 2022, basically the same as the same period last year, while the net profit attributed to the company's equity holders was 1.167 billion yuan, compared with 5.755 billion yuan in the same period last year, down 79.72% from the same period last year. The basic profit per share is 0.5 yuan.