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- Incorporated in Hong Kong in 1988
- Listed on The Stock Exchange of Hong Kong since February 1994 (Stock code: 992)
- Issued Level I American Depositary Receipts (ADRs) in March 1995. Each ADR represents 20 Lenovo common shares (Stock code: LNVGY)
- Subdivided issued and un-issued common shares of nominal value at HK$0.1 each into four shares of HK$0.025 each in March 2000
- Issued 2,730,000 unlisted Series A cumulative convertible preferred shares of nominal value of HK$9.175 each and 237,417,474 unlisted warrants in May 2005
- Currently a constituent stock of the MSCI China Free Index. MSCI Information Technology Index, Hang Seng Composite Index, Hang Seng Mainland Comp Index, Hang Seng Freefloat Comp Index, Hang Seng China-Aff Corp Index
- Ordinary shares outstanding as of July 31, 2008: approximately 9,201 million shares
- Series A cumulative convertible preferred shares outstanding as of July 31, 2008: approximately 1.77 million shares
- Market capitalization as of July 31, 2008: HK$50.4 billion (approximately US$6.5 billion)
- Ownership structure as of July 31, 2008 (as if the preferred shares are fully converted):
- Public shareholders 46.1%
- Legend Holdings Limited 42.2%
- IBM 4.4%
- TPG Capital, General Atlantic LLC and Newbridge Capital LLC 6.6%
- Directors 0.7%
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- Approximately 23,200 employees worldwide
- Primary operational hubs in Beijing, Paris, Raleigh and Singapore
- Major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina, the USA
- PC manufacturing and assembly facilities in Beijing, Shanghai, Huiyang and Shenzhen in China; Pondicherry and Baddi in India; Monterrey in Mexico (ready by FY2008/09); Legnica Special Economic Zone in Poland (ready by FY2008/09); and OEMs worldwide
- Over 2,500 sales representatives worldwide and an extensive global channel partner network
- World class global contact center capabilities serving customers in more then 25 languages in their local geographies; more than 2,500 technical support agents in 18 service delivery centers leveraging a worldwide services supply chain and approximately 25,000 certified field technicians to simultaneously deliver millions of transactions in real time every month.
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- Raleigh
1009 Think Place, Morrisville, North Carolina 27560, USA
Phone: 866-45-THINK (866-458-4465)
- Beijing
6 Chuang Ye Road, Haidian District, Beijing, China. Post code: 100085
Phone: 86-10-5886-8888
- Singapore
151 Lorong Chuan, #02-01, New Tech Park, Singapore 556741
Phone: 65-6827-1000
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2008 |
2007 |
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| For the quarter ended June 30 |
US$M |
US$M |
Y/Y Change |
| Income Statement |
| Continuing Operations1 |
| Sales |
4,213 |
3,813 |
10.5% |
| Gross profit |
595 |
565 |
5.2% |
| Gross profit margin (%) |
14.1 |
14.8 |
(0.7 pts) |
| Operating expenses2 |
469 |
433 |
8.1% |
| Expense-to-revenue ratio (%) |
11.1 |
11.4 |
(0.3 pts) |
| EBITDA2 |
181 |
182 |
(0.4%) |
| Pre-tax income |
137 |
87 |
57.1% |
| Pre-tax income margin (%) |
3.2 |
2.3 |
0.9 pts |
| Loss from discontinued operations |
– |
(5) |
N/A |
| Profit attributable to shareholders |
110 |
67 |
65.3% |
| EPS – Basic (US cents) |
1.25 |
0.78 |
60.3% |
| EPS – Diluted (US cents) |
1.15 |
0.74 |
55.4% |
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| Cash and Working Capital1 |
| Bank deposits and cash |
2,298 |
1,507 |
52.5% |
| Total bank borrowings |
513 |
193 |
165.8% |
| Net cash reserves |
1,785 |
1,314 |
35.8% |
| Cash conversion cycle (days) |
(23) |
(26) |
3 |
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| Cash Flow Statement1 |
| Net cash generated from operating activities |
182 |
402 |
(54.7%) |
| Net cash used in investing activities |
(285) |
(56) |
408.9% |
| Net cash (used in)/generated from financing activities |
(107) |
87 |
N/A |
| (Decrease)/Increase in cash and cash equivalents |
(210) |
433 |
N/A |
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As at
Jun 30, 2008 |
As at
Mar 31, 2008 |
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US$M |
US$M |
Q/Q Change |
| Balance Sheet1 |
| Non-current assets |
2,522 |
2,494 |
1.1% |
| Current assets |
5,167 |
4,705 |
9.8% |
| Current liabilities |
4,869 |
4,488 |
8.5% |
| Net current assets |
298 |
217 |
37.3% |
| Non-current liabilities |
1,116 |
1,098 |
1.6% |
| Total equity |
1,704 |
1,613 |
5.6% |
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| Notes:
1 Continuing operations – The disposal of mobile handset business was completed in March 2008. Continuing operations exclude the mobile handset business.
2 Excluding restructuring charges. |
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- E-mail: ir@lenovo.com
- Phone: + 852 2516-4843 (Overseas investors)
- Phone: + 86 10 5886-5679 (China investors)
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