Changes in Hong Kong stocks | Lenovo Holdings (03396) rose more than 10%, technology management continues to improve, and the trend of recovering company profits is expected to continue

The Zhitong Finance App learned that Lenovo Holdings (03396) rose more than 10%. As of press release, it rose 10.31% to HK$21.82, with a turnover of HK$372 million.

According to the news, market concerns about the growth prospects of Lenovo Group's AI infrastructure business continue to heat up, and the company's stock price reached a record high today. SDIC Securities previously pointed out that looking ahead, Lenovo Group is still the main source of profit for Lenovo Holdings. Lianhong Xinke is in a period of capacity release, while the industrial investment sector is benefiting from a recovery in the capital market and the listing of invested projects. It is expected that the company's profit recovery trend will continue.

In the first half of this year, Lenovo Holdings achieved revenue of 362,935 billion yuan, an increase of 29% over the previous year, mainly benefiting from the sharp revenue growth of its subsidiary Lenovo Group and Lianhong Xinke; net profit to mother was 2,230 billion yuan, an increase of 219% over the previous year, driven by a recovery in portfolio value in the industrial incubation and investment sectors. Excluding the one-time impact, net profit attributable to equity holders of the company was 5.812 billion yuan, an increase of 834% over the previous year.