Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Lenovo Group Limited    0992   HK0992009065

News SummaryMost relevantAll newsSector newsTweets

Lenovo Group Ltd : Lenovo Establishes Industrial Base in Wuhan

share with twitter share with LinkedIn share with facebook
share via e-mail
05/07/2012 | 08:59am CEST
Lenovo Establishes Industrial Base in Wuhan Lenovo's new facilities in Wuhan will improve the company's capacity to innovate in mobile internet market and optimize its global supply chain

Beijing - May 7, 2012: Lenovo Group and the Wuhan government today held a groundbreaking ceremony for the establishment of the Lenovo (Wuhan) Industrial Base. The site will include integrated facilities for mobile Internet product R&D, production and sales. The new facility will help drive Lenovo's innovation capability in the field of mobile Internet and optimize its global supply chain, helping the Company to develop and deliver new mobile internet products and bring them to its customers even faster. Total investment over the next five years is expected to be approximately RMB5 billion, and the facility will begin operations in October 2013.

"As an industry leader, we are aggressively moving forward into the PC Plus era, and with our Mobile Internet Digital Home group actively engaged, we are accelerating development in smart phones, tablets, and other mobile Internet terminal markets," said Yang Yuanqing, Lenovo Group chairman and CEO. "We're determined to firmly seize the tremendous opportunities for innovation in this market, so that Lenovo's customers have even more opportunities to own our award-winning products, from PCs to mobile Internet devices. "When it begins operations, the Lenovo (Wuhan) Industrial Base will greatly improve our innovative capability and further optimize our supply chain, giving us a solid foundation to win in a broader market."

The Lenovo (Wuhan) Industrial Base will mainly focus on the R&D, production and sales of smartphones, tablets and other mobile devices that will cover the Chinese and global markets. By 2014 total sales revenue from the industrial base is expected to reach RMB10 billion, increasing to RMB50 billion within the next five years. The facility also has the potential to create nearly 10,000 job opportunities in the coming years, in a variety of related businesses. Included in this number, Lenovo within the next few years expects to employee several thousand R&D and management staff located at Wuhan, focused solely on advancing R&D in mobile Internet devices and application. The Lenovo (Wuhan) Industrial Base will help improve Lenovo's entire supply chain as well as its R&D and marketing systems, by building even more end-to-end product capability. 

As the central city supported by China's strategy of promoting the development of central regions, Wuhan hosts the nation's second independent innovation demonstration area after Beijing's Zhongguancun. Wuhan has benefitted from the government's efforts to promote the development of China's central and western regions and has great growth potential, having already attracted investment from many Fortune 500 companies.

At the end of 2011, Lenovo became the world's second-largest PC maker after being the world's fastest growing PC maker for nine consecutive quarters. At the same time, Lenovo's mobile Internet business made significant progress. The company is now a top-three smart phone maker in China with double-digit market share, and the second-place tablet maker with a market share of 16.5%, far ahead of its competitors in the android market.


Lenovo (HKSE: 992) (ADR: LNVGY) is a $US21 billion personal technology company - and the second largest PC company in the world, serving customers in more than 160 countries. Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo's business is built on product innovation, a highly efficient global supply chain and strong strategic execution. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the Company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina.www.lenovo.com.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
08/23 LENOVO : Launches Flagship Moto Z2 Play In Malaysia
08/23 LENOVO : release the world`s smallest workstation
08/23 LENOVO : Moto E4 Plus India launch set for July 12
08/23 AMD EPYC Momentum Grows with Datacenter Commitments from Tencent and JD.com, ..
08/23 LENOVO : Moto G5S Plus India launch pegged for August 29, will be an Amazon excl..
08/23 LENOVO : introduces three new gaming desktops under the Legion banner
08/23 LENOVO : Uses Influencers To Show Off Latest Laptop
08/23 LENOVO : Huawei Or Lenovo May Acquire Fujitsus Smartphone Unit
08/23 LENOVO : shares fall for three straight days on quarterly loss
08/22 LENOVO : Fujitsu looking to sell phone operation
More news
News from SeekingAlpha
08/22 The Evolution Of Smart Speakers
08/22 HP INC. : Betting On Yet Another Beat
08/21 DIGITIMES : Notebook shipments down 31% in July for top suppliers
08/18 Lenovo Group ADR reports Q1 results
07/20 Why Intel Said Sayonara To Smart Devices & Wearables
Financials ($)
Sales 2018 43 769 M
EBIT 2018 598 M
Net income 2018 350 M
Debt 2018 456 M
Yield 2018 4,22%
P/E ratio 2018 17,86
P/E ratio 2019 10,99
EV / Sales 2018 0,15x
EV / Sales 2019 0,15x
Capitalization 6 191 M
Duration : Period :
Lenovo Group Limited Technical Analysis Chart | 0992 | HK0992009065 | 4-Traders
Technical analysis trends LENOVO GROUP LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 27
Average target price 0,55 $
Spread / Average Target -0,92%
EPS Revisions
Yuan Qing Yang Chairman & Chief Executive Officer
Gianfranco Lanci President & Chief Operating Officer
Wai Ming Wong Chief Financial Officer & Executive Vice President
Qingtong Zhou Chief Information Officer & Senior Vice President
Arthur Hu Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
APPLE35.74%825 300
HP INC25.13%32 017