The Hang Seng Indexes Company has announced that Lenovo (HKSE: 0992)
(PINK SHEETS: LNVGY) will be included as a constituent stock of its Hang
Seng Index. This selection positions Lenovo among the “blue chip”
companies listed on the Hong Kong Stock Exchange and represents
significant market recognition of Lenovo’s leadership position in the
global IT industry.
It is also significant because it broadens the group of shareholders
that will consider owning Lenovo’s stock to include funds whose
investments must mirror the Hang Seng Index or pension funds whose
investment committees look for index inclusion as an investment
criterion. Finally it reflects recognition from a respected 3rd
party of Lenovo’s strong, consistent financial performance, outstanding
management and its strong future growth prospects.
"We are very pleased today that Lenovo has been included as one of the
constituent stocks of Hang Seng Index,” said Yang Yuanqing, chairman and
CEO, Lenovo Group. “This news comes following another record quarter
reported last week, that demonstrated Lenovo's ability to consistently
drive growth, improve profitability and establish itself as one of the
leading global technology companies. Not only have we become a global PC
market leader, but we are also now recognized as a leading innovator
defining the PC Plus era."
Lenovo has reported its best quarter ever last week, in which it has
continued to outgrow the market in all geographies with record sales,
earnings and global PC market share. The company delivered another
quarterly sales record of $9.4 billion, a 12 percent year-over-year
increase, while it has been the fastest growing major PC company for 13
Lenovo has built momentum towards being the world’s leading PC maker
while at the same time rapidly expanding its PC Plus footprint –
including smartphones, tablets and smart TVs that will drive future
growth. At the same time, Lenovo was also recognized by IDC as the
world’s third-largest maker of "smart connected devices," such as
tablets, PCs and smartphones. Last quarter, Lenovo’s Mobile Internet and
Digital Home business contributed 11 percent of global revenue – a
record high and strong indicator that the company is delivering strong
growth in the PC Plus market.
“The market has clearly demonstrated confidence in Lenovo's ability to
meet its commitments, maintain steady growth in a tough environment and
execute a strategy that not only delivers strong short-term results, but
also lays a solid foundation for our long-term performance. We are very
proud that the Hang Seng Index has recognized this performance and are
confident we can continue to deliver outstanding results, profitable
growth and sustainable, long-term returns for our shareholders," Yang
Lenovo (HKSE: 0992) (PINK SHEETS: LNVGY) is a US$30 billion personal
technology company – the second largest PC maker in the world and an
emerging PC Plus leader – 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, a global Fortune 500 company, has major research centers in
Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North
Carolina. For more information see www.lenovo.com.
+852 2516 4810