IDC's latest ranking: Lenovo servers surged by 215% year-on-year, maintaining a top three position in China

According to the latest "2024 Q2 China x86 Server Market Report" from the globally renowned data research firm IDC, Lenovo Group (00992) continued to rank among the top three in the Chinese server market on September 11th, with a year-on-year revenue growth of 214.7%, the fastest growth among all brands. Lenovo has seen consecutive year-on-year growth of over 200% for two quarters, rapidly solidifying its leading position in the domestic market. Chen Zhenkuan, Vice President of Lenovo Group and General Manager of the China Infrastructure Business Group, stated that the remarkable achievements of Lenovo's infrastructure business over the past three quarters not only validate the foresight and correctness of the "One Horizontal and Five Verticals" strategy but also reflect Lenovo's keen insight and precise grasp of the Chinese market. Faced with the surging wave of AI development, Lenovo Group will unwaveringly adhere to its established strategic goals and vision, striving to become a leading intelligent IT infrastructure provider in China and aiming to write a more brilliant new chapter on this vibrant land. In the previous quarter, Lenovo Group's ISG infrastructure business achieved multiple historical highs. With the strong growth of cloud infrastructure business, the overall revenue of Lenovo Group's ISG increased by 65% year-on-year, while the combined revenue of storage, software, and services business grew by nearly 60% year-on-year. The revenue of Neptune liquid-cooled servers, which have a unique advantage in energy consumption, grew by over 50% year-on-year, all reaching historical highs. Furthermore, with over 10 years of experience in Neptune technology and a leading position in the field, Lenovo is poised to benefit from higher cooling requirements from more powerful GPU platforms in the future. Lenovo Group's outstanding achievements in the server field are not achieved overnight but are the result of more than thirty years of deep accumulation and continuous innovation. Especially during the customer-centric transformation and the 3S transformation process, Lenovo Group, based on global wisdom and local innovation, launched the Lenovo Neptune server brand, forming a dual-brand strategy of "Lenovo Neptune + Lenovo ThinkSystem" servers. This combination provides strong computing power service engines for enterprises in various industries, fully meeting the differentiated needs of different customers. Looking ahead, Lenovo Group will focus on optimizing the business model of ISG, simplifying product portfolios, improving operations, and will continue to use industry-leading liquid cooling technology to meet the growing demand for artificial intelligence workloads. It will also seize other growth opportunities in the artificial intelligence server and storage market. Lenovo Group will deepen relationships with key strategic partners and actively build an infrastructure platform to support hybrid artificial intelligence solutions