Lenovo recovery apparent in Q4 results

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Lenovo recovery apparent in Q4 results
Publication: Interfax China TMT Weekly
Provider: Interfax
February 19, 2010
Lenovo Group Ltd. continued to make a recovery in the fourth quarterof 2009 from losses incurred in the first half of the year, accordingto company financial figures released on Feb. 4.
Net profit for the fourth quarter of 2009 hit $ 79.52 million,compared to a loss of $ 96.72 million during the same period in 2008.As of Dec. 31, 2009, net profit generated in the last nine months ofthe year was $117 million, an increase of 213.3 percent year-on-year.
Lenovo attributed the progressive improvement mainly to growingmarket opportunities, as well as the Chinese government's RMB 4trillion ($585.56 billion) economic stimulus package.
Sales revenue generated in China during the fourth quarter of2009 accounted for 47 percent of total revenues, an increase of 41percent year-on-year.
As of December 2009, Lenovo held a 33.5 percent share in theChinese personal computer market, up 2.8 percent quarter-on-quarter -the company's largest quarter-on-quarter increase in nine years.
Prior to the third quarter of 2009, Lenovo had reported twoquarters of consecutive losses since the fourth quarter of 2008. Thecompany generated a net profit of $1.99 billion, up 19.3quarter-on-quarter and 9.3 percent year-on-year in the third quarter of2009.

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关键词：Recovery apparent Recover results Result results Recovery Lenovo apparent

本帖隐藏的内容

CONTENTS:
INTERFAX TMT CHINA---------------------------------------------------------------------------------------------------------------------2
HIGHLIGHTS----------------------------------------------------------------------------------------------------------------------------------2
THE WEEK IN REVIEW---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------2
TOP STORY-----------------------------------------------------------------------------------------------------------------------------------2
CHINESE EQUIPMENT VENDORS LEAD 3G DOMESTIC MARKET – ANALYST-------------------------------------------------------------------------------------------------------2
HEADLINE NEWS---------------------------------------------------------------------------------------------------------------------------3
CDB ENLISTS ALIPAY FOR STUDENT LOAN DISTRIBUTION-----------------------------------------------------------------------------------------------------------------------------3
TUDOU, YOUKU COOPERATE TO TACKLE CONTENT COSTS---------------------------------------------------------------------------------------------------------------------------4
CHINA UNICOM PREDICTS 50 PCT DROP IN NET PROFIT FOR 2009-------------------------------------------------------------------------------------------------------------------4
STATISTICS AND DATA-------------------------------------------------------------------------------------------------------------------5
ZTE'S NET PROFIT BOOSTED BY 3G NETWORK DEPLOYMENT IN 2009--------------------------------------------------------------------------------------------------------------5
ELECTRONICS INDUSTRY REVENUE UP 3.39 PCT YEAR-ON-YEAR--------------------------------------------------------------------------------------------------------------------5
INTERNET AND SOFTWARE-------------------------------------------------------------------------------------------------------------6
SOFTWARE INDUSTRY REVENUE CLIMBS IN 2009 - MIIT---------------------------------------------------------------------------------------------------------------------------------6
ULTRAPOWER NET PROFIT DRIVEN BY FETION IM-----------------------------------------------------------------------------------------------------------------------------------------7
GAMING----------------------------------------------------------------------------------------------------------------------------------------7
ONLINE GAMING BOOSTS SOHU'S 2009 REVENUES---------------------------------------------------------------------------------------------------------------------------------------7
THE9 OFFERS $100 MLN TO ACQUIRE FIRERAIN--------------------------------------------------------------------------------------------------------------------------------------------7
MEDIA------------------------------------------------------------------------------------------------------------------------------------------8
HUNAN TV TO SET UP FILM SUBSIDIARY IN BEIJING---------------------------------------------------------------------------------------------------------------------------------------8
THUNDER DOUBLES CONTENT PROCUREMENT BUDGET FOR 2010-----------------------------------------------------------------------------------------------------------------8
CBC TO SEEKS FUNDING FOR CMMB NETWORK EXPANSION-------------------------------------------------------------------------------------------------------------------------9
NOKIA, PEARSON LINK UP ON MOBILE EDUCATION---------------------------------------------------------------------------------------------------------------------------------------9
ELECTRONICS AND HARDWARE-----------------------------------------------------------------------------------------------------10
HANWANG TO LIST ON SHENZHEN'S GEM----------------------------------------------------------------------------------------------------------------------------------------------------10
LENOVO RECOVERY APPARENT IN Q4 RESULTS------------------------------------------------------------------------------------------------------------------------------------------10
INTERVIEWS--------------------------------------------------------------------------------------------------------------------------------11
LENOVO TO EXPAND RUSSIAN OPERATIONS IN 2010 - LENOVO RUSSIA GM----------------------------------------------------------------------------------------------------11
EMERGING COMPANY PROFILE: OPENV.COM----------------------------------------------------------------------------------12
EVENTS---------------------------------------------------------------------------------------------------------------------------------------13
INSTALL CHINA 2010-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------13
MOBILEMONDAY SHANGHAI------------------------------------------------------------------------------------------------------------------------------------------------------------------------13
INTERFAX INDUSTRY DATABASES--------------------------------------------------------------------------------------------------14
INTERFAX INDUSTRY DATABASES---------------------------------------------------------------------------------------------------------------------------------------------------------------14
INTERFAX INDUSTRY REPORTS------------------------------------------------------------------------------------------------------14
WEEKLY MONITORS - CHINA----------------------------------------------------------------------------------------------------------14
RESEARCH SERVICES-------------------------------------------------------------------------------------------------------------------15
CUSTOM RESEARCH----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------15
THE INTERFAX TMT CHINA TEAM----------------------------------------------------------------------------------------------------15

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