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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . Lenovo.co Lenovo Group Limited 聯想 集團 有限公司 ( Incorporated in Hong Kong with limited liability ) ( Stock Code : 992 ) FY2020 / 21 THIRD QUARTER RESULTS ANNOUNCEMENT THIRD QUARTER RESULTS The board of directors ( the " Board " ) of Lenovo Group Limited ( the “ Company ” ) announces the unaudited results of the Company and its subsidiaries ( the " Group " ) for the three and nine months ended December 31 , 2020 together with comparative figures for the corresponding period of last year , as follows : FINANCIAL HIGHLIGHTS • Group revenue and profit attributable to equity holders increased by 22 and 53 percent year - on - year , respectively , to all - time highs , thanks to operational excellence , product innovation , and quick time - to - market to capture new demand across business groups • Software and Services business , which carries the highest margin profile among all products , delivered record performance with its invoiced revenue growing 36 percent year - on - year , representing around 8.1 percent of the Group's revenue The PC and Smart Device business outperformed the market with sales and pre - tax profit growth of 27 and 35 percent to set new records ; its unique hybrid manufacturing strategy provided greater efficiency , control , and flexibility to facilitate share gain The Data Center Group achieved its highest quarterly revenue ever and further narrowed the pre - tax loss by US $ 14 million year - on - year to a pre - tax loss of US $ 33 million , partly driven by a higher services attach rate and upselling of premier services • The Mobile Business Group resumed profitability with 10 percent revenue growth ; continued efforts to optimize the product portfolio has helped drive a mix shift towards higher - end models and expand average selling price Net cash generated from operating activities was US $ 2.0 billion , up US $ 1.4 billion year - on - year 3 months ended December 31 , 2020 ( unaudited ) US $ million 9 months ended December 31 , 3 months ended December 31 , 2020 ( unaudited ) US $ million 2019 ( unaudited ) US $ million 9 months ended December 31 , 2019 ( unaudited ) Year - on - year change 3 months ended December 31 9 months ended December 31 US $ million Revenue 17,245 45,112 14,103 40,137 22 % 12 % Gross profit 2,786 7,080 2,265 6,496 23 % 9 % Gross profit margin 16.2 % 15.7 % 16.1 % 16.2 % 0.1 pts ( 0.5 ) pts Operating expenses ( 2,085 ) ( 5,378 ) ( 1,777 ) ( 5,223 ) 17 % 3 % Operating profit 701 1,702 488 1,273 44 % 34 % Other non - operating income / ( expenses ) - net ( 110 ) ( 308 ) ( 98 ) ( 333 ) 12 % ( 7 ) % Profit before taxation 591 1,394 390 940 52 % 48 % Profit for the period 431 1,028 305 741 41 % 39 % Profit attributable to equity holders of the Company 395 918 258 623 53 % 47 % Earnings per share attributable to equity holders of the Company Basic US3.31 cents US7.70 cents US2.16 cents US5.22 cents US1.15 cents US2.48 cents Diluted US3.08 cents US7.37 cents US2.07 cents US5.01 cents US1.01 cents US2.36 cents 1