【Lenovo Parent Company Performance】Lenovo Holdings earned 7 times more last year; final dividend of 10 cents RMB

Legend Holdings (03396) Last year, net profit was 1.06 billion yuan, a year-on-year increase of 7 times. The final dividend was 10 fen per share. Last year’s revenue of Legend Holdings increased by 18% year-on-year to 6059.5 billion yuan.

Legend Holdings said that the revenue growth was mainly due to the subsidiaries in the company’s industrial operations segment, Lenovo Group (00992) Revenue grew significantly year-on-year. As for net profit growth during the period, it rose 698%, mainly because the industrial incubation and investment segment benefited from the rebound in the capital markets, resulting in a reduction in business losses year-on-year.

Industrial operations revenue increased by 18% year-on-year to 6010.4 billion yuan. Of this, Lenovo Group revenue rose by 20% to 5604.1 billion yuan, Lianhong Group revenue increased by 9% to 70.2 billion yuan, Javo Group revenue grew by 2% to 277.1 billion yuan, and Luxembourg International Bank revenue rose by 4% to 59 billion yuan. In terms of industrial incubation and investment, revenue increased by 6% to 49.1 billion yuan.

For net profit by segment, industrial operations net profit was 3.96 billion yuan, flat year-on-year. Of this, Lenovo Group’s net profit contribution fell by 5% to 32.7 billion yuan; Lianhong Group’s net profit contribution decreased by 4% to 67.0 million yuan. Javo Group recorded an attributable loss of 8.6 billion yuan, widening by 33%. Luxembourg International Bank’s net profit increased by 35% to 1.48 billion yuan. For industrial incubation and investment, the attributable loss narrowed by 12% to 1.42 billion yuan.

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