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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 .. Lenovo Group Limited 聯想 集團 有限公司 ( Incorporated in Hong Kong with limited liability ) ( Stock Code : 992 ) FY2021 / 22 INTERIM RESULTS ANNOUNCEMENT INTERIM 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 six months ended September 30 , 2021 together with comparative figures for the corresponding period of last year , as follows : FINANCIAL HIGHLIGHTS • Profit attributable to equity holders increased 87 percent year - on - year in 1HFY22 . Highest net income margin in years demonstrated management delivering on its commitment to raise long - term profitability • Record Group revenue supported by strong mix shift to higher value - added segments and commercial recovery ; Strong sales mix of Intelligent Devices Group ( IDG ) boosted 24 percent revenue growth and the highest operating margin in its history • Infrastructure Solutions Group ( ISG ) also benefited from strong commercial upgrades and reported record- breaking revenue , while narrowing its operating loss by 81 percent year - on - year to US $ 17 million • Solutions and Services Group ( SSG ) reported a 41 percent operating profit growth year - on - year ; On top of strong momentum on existing service scope , exciting growth emerged from new as - a - Service opportunities • Investments accelerated in innovation , high - margin products and solutions to drive Digital Transformation ; Research and development expenses grew 48 percent year - on - year • Strong cash generation with operating cashflow up US $ 920 million year - on - year to exceed US $ 2.0 billion 3 months ended September 30 , 2021 ( unaudited ) US $ million 6 months ended September 30 , 2021 ( unaudited ) US $ million 3 months ended September 30 , 2020 ( unaudited ) US $ million 6 months ended September 30 , 2020 Year - on - year change ( unaudited ) US $ million 3 months ended September 30 6 months ended September 30 Revenue 17,869 34,798 14,519 27,867 23 % 25 % Gross profit 3,006 5,830 2,253 4,294 33 % 36 % Gross profit margin 16.8 % 16.8 % 15.5 % 15.4 % 1.3 pts 1.4 pts Operating expenses ( 2,189 ) ( 4,271 ) ( 1,688 ) ( 3,294 ) 30 % 30 % Operating profit 817 1,559 565 1,000 45 % 56 % Other non - operating income / ( expenses ) - net ( 75 ) ( 167 ) ( 95 ) ( 198 ) ( 21 ) % ( 16 ) % Profit before taxation 742 1,392 470 802 58 % 74 % Profit for the period 557 1,042 350 596 59 % 75 % Profit attributable to equity holders of the Company 512 978 310 523 65 % 87 % Earnings per share attributable to equity holders of the Company Basic US4.42 cents US8.44 cents US2.59 cents US4.39 cents US1.83 cents US4.05 cents Diluted US3.96 cents US7.50 cents US2.48 cents US4.24 cents US1.48 cents US3.26 cents 1