The Zhitong Finance App learned that Lenovo Group (00992) rose by more than 5%. As of press release, it rose 5.13% to HK$36.08, with a turnover of HK$1,591 billion.

According to the news, at the “AI Investment Summit” on September 16, in response to Lenovo Group's long-term valuation issues, Lenovo Group Senior Vice President and Chief Financial Officer Zheng Xiaoming said bluntly that the current Lenovo market does not fully reflect the company's revenue, profitability, and growth prospects. Using Dell Technology as a reference, he said, “Our valuation is about one-seventh of Dell's, but our revenue and net profit are not 7 times different. We are totally underestimated by the market in this regard.”

Zheng Xiaoming also pointed out that the growth opportunities currently seen by Lenovo are supported by actual orders and customer needs, and that the company itself also has room for further optimization in customer development and pricing. Furthermore, with the further development of storage and service businesses, Lenovo still has plenty of room for business growth and profit margin improvement. He stressed that Lenovo's long-term net interest rate could see 5% to 8% in the future, in line with Dell's profit level.

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