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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 TM Lenovo Group Limited 聯想 集團 有限公司 ( Incorporated in Hong Kong with limited liability ) ( Stock Code : 992 ) FY2021 / 22 FIRST QUARTER RESULTS ANNOUNCEMENT QUARTERLY 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 months ended June 30 , 2021 together with comparative figures for the corresponding period of last year , as follows : FINANCIAL HIGHLIGHTS • Profit attributable to equity holders up 119 percent year - on - year ; Highest net income margin in years as revenue surges 27 percent year - on - year • New Solutions and Services Group ( SSG ) saw a 51 percent growth in operating profit and a 38 percent hypergrowth in revenue , both year - on - year ; SSG already contributing 20 percent of total operating profit of the three Business Groups • Intelligent Devices Group ( IDG ) posted a 43 percent operating profit growth year - on - year for record first quarter , as PC average selling price grew 6 percent year - on - year on commercial demand recovery ; IDG continued to gain share in premium segments • Infrastructure Solutions Group had the best performance in 5 years , with record revenue and operating loss reduced by US $ 49 million year - on - year as it nears profitability • Overall , delivering long - term profitable growth by leveraging strong leadership position to capture innovation opportunities in accelerated Digital and Intelligent Transformation ; Expanding into high - margin businesses including solutions and services , infrastructure upgrade , premium PC and adjacent non - PC sales 3 months ended June 30 , 2021 ( unaudited ) US $ million 3 months ended June 30 , 2020 ( unaudited ) US $ million Year - on - year change Revenue Gross profit 16,929 13,348 27 % 2,824 2,041 38 % Gross profit margin 16.7 % 15.3 % 1.4pts Operating expenses ( 2,081 ) ( 1,605 ) 30 % Operating profit 743 436 70 % Other non - operating income / ( expenses ) - net ( 93 ) ( 104 ) ( 11 ) % Profit before taxation 650 332 96 % Profit for the period 485 247 97 % Profit attributable to equity holders of the Company 466 213 119 % Earnings per share attributable to equity holders of the Company Basic US4.02 cents US1.80 cents US2.22 cents Diluted US3.53 cents US1.76 cents US1.77 cents 1