Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

LENOVO GROUP LIMITED (0992)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Lenovo Group Ltd : Lenovo Establishes Industrial Base in Wuhan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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.

ABOUT LENOVO

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
0
Latest news on LENOVO GROUP LIMITED
01:55pLENOVO : Tops Laptop Mag's Annual Brand Rankings As Apple Falls Further
AQ
12:33pASIA MARKETS : Asian Markets Get Week Off To A Slow Start
DJ
04/21LENOVO : becomes the first OEM to support Windows AutoPilot features
AQ
04/21LENOVO : Creates Sleek, but Rugged ThinkPad X1 Carbon Business Ultrabook
AQ
04/21LENOVO : Global Military Notebook Computer Market Size 2018 Toshiba, Acer, Lenov..
AQ
04/20LENOVO : ThinkPad E485/E585 with AMD Ryzen Mobile CPUs get detailed specs
AQ
04/20LENOVO : has begun testing Windows AutoPilot with early adopters
AQ
04/20LOGITECH INTERNATIONAL : Global Webcams Market 2018 Growth Microsoft, Lenovo, D-..
AQ
04/19LENOVO : AMD Ryzen Based Lenovo ThinkPad E485, E585 launched
AQ
04/19LENOVO : targets $1bn in smart devices sale
AQ
More news
News from SeekingAlpha
04/2150 Technology Top Dividend Picks By Yield And Gains For April 
04/12PC shipments fall for 14th straight quarter 
03/30Lenovo, China Telecom Mull CDR Homecomings 
03/05Deciphering Immersion's 2018 Guidance 
02/22Intel collaborates with PC makers for 5G connection 
Financials ($)
Sales 2018 44 505 M
EBIT 2018 417 M
Net income 2018 -68,7 M
Debt 2018 720 M
Yield 2018 4,51%
P/E ratio 2018 -
P/E ratio 2019 11,64
EV / Sales 2018 0,15x
EV / Sales 2019 0,14x
Capitalization 5 802 M
Chart LENOVO GROUP LIMITED
Duration : Period :
Lenovo Group Limited Technical Analysis Chart | 0992 | HK0992009065 | 4-Traders
Technical analysis trends LENOVO GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 0,56 $
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Yuan Qing Yang Chairman & Chief Executive Officer
Gianfranco Lanci President & Chief Operating Officer
Wai Ming Wong Chief Financial Officer & Executive Vice President
Arthur Hu Chief Information Officer
Yong Rui Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
LENOVO GROUP LIMITED-14.45%5 802
HEWLETT PACKARD ENTERPRISE20.40%26 855
SEAGATE TECHNOLOGY PLC42.54%16 987
DELL TECHNOLOGIES-10.59%14 487
LEGEND HOLDINGS CORP-30.64%7 456
LOGITECH INTERNATIONAL11.58%6 543