FOR THOSE WHO DO. Lenovo Annual Report 2014
CONTENTS 2 6 About Lenovo 4 Financial Highlights 5 Chairman & CEO Statement Performance
About Lenovo Lenovo is one of the world's leading personal technology companies, producing innovative PCs and mobile internet devices. A global Fortune 500 company, Lenovo is the world's largest PC vendor and fourth largest smartphone company. While the Lenovo brand came into existence only in 2004, the company has a much longer history. In 1984, Legend Holdings was formed with 200,000 RMB (US$25,000) in a guard house in China. The company was incorporated in Hong Kong in 1988 and would grow to be the largest PC company in China. Legend Holdings changed its name to Lenovo in 2004 and, in 2005, acquired the former Personal Computer Division of IBM, the company that invented the PC industry in 1981. Today, Lenovo is a US$39 billion personal technology company with more than 54,000 employees (including joint ventures) in more than 60 countries serving customers in more than 160 countries. Lenovo has headquarters in Beijing, China and major research and manufacturing centers in countries around the world. Lenovo has grown faster than the market for more than four years because our exceptionally engineered products are meant for those who do. Our customers use innovation to bring progress to the world, and we design and build our products with this in mind, taking inspiration from the drive and imagination of the people who make things happen. Our technology helps those who do, do better. 2
Mission The mission is to become one of the world's great personal technology companies. This will be accomplished by; taking the lead in PCs and be respected for their product innovation and quality; Lead the industry with an ecosystem of devices, services, applications and content for people to seamlessly connect to people and web content; and become recognized as one of the best, most trusted and most well respected companies to work for and do business with. Vision At Lenovo, the vision is that Lenovo will create personal devices that more people will be inspired to own, a culture more people aspire to join and an enduring trusted business that is well respected around the world. Values Lenovo values are generalized in what they call the Lenovo Way. Its what they practice and how they address day-to-day commitments. The Lenovo Way is embodied in the statement: We do what we say and we own what we do. 3
Finacial Highlights For the year ended March 31 2014 US$ million 2013 US$ million Year-on-year Change Group Results Revenue sadasfs sdsadsad dsadsadas dsadsadasd gfbn gfnfgdfdsf dfsdvsd grfhgnh wcqwefd Total dividend per share (HK cents) 38,707 5,064 13.1 (4,012) 10.4 1,365 1,014 2.6 817 7.88 7.78 6.0 18.0 24.0 38,231 2,034 21.3 (4,012) 10.4 1,365 1,014 2.6 817 7.88 7.78 6.0 18.0 24.0 38,231 2,034 21.3 (4,012) 10.4 1,365 1,014 2.6 817 7.88 7.78 6.0 18.0 24.0 In nec tellus. Vestibulum pharetra risus vitae nulla. Nulla tincidunt turpis at eros rhoncus tempor. Vestibulum finibus eros in fringilla placerat. 3,953 (455) 3,498 (2) 3,953 (455) 3,498 (8) 3,953 (455) 3,498 (8) Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed tincidunt ipsum commodo, ullamcorper sem nec, vulputate nibh. Fusce placerat augue a dolor pharetra sagittis. Donec pulvinar massa at felis pellentesque consectetur. Duis sed elit rutrum, ornare purus vitae, facilisis erat. Etiam ut nisi aliquam, ornare ipsum sed, pharetra ligula. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut mollis nisl eget commodo posuere. Morbi venenatis, urna sit amet sodales convallis, felis nibh semper nisi, ut varius risus nibh vel neque. Nunc ultrices luctus vehicula. 4
Chairman & CEO Statement In consectetur accumsan nisi non bibendum. Aenean auctor ut tellus id sodales. Maecenas non mattis nulla. Proin urna odio, convallis eget enim id, auctor commodo elit. Nulla facilisi. Donec convallis viverra convallis. Donec purus sem, aliquet eu eleifend a, pretium vitae ligula. Maecenas posuere interdum nulla eu convallis. Vestibulum convallis gravida orci, et iaculis odio ornare id. Nam justo sem, vehicula id porta eget, imperdiet at felis. Fusce elementum commodo arcu in volutpat. Aenean dignissim, sem ut pretium lacinia, dui eros mollis velit, sed egestas mauris lectus et magna. Suspendisse potenti. Nunc tempus vehicula ligula, at mattis urna varius ut. Nulla aliquam mollis est, sed consequat purus condimentum sed. Vestibulum id lectus in dolor vestibulum semper a id ipsum. Morbi semper, massa eu efficitur egestas, turpis ligula accumsan enim, eu sodales nisl lacus non nibh. Nam vestibulum imperdiet vehicula. Nullam mattis vitae neque vel posuere. Ut nulla dui, venenatis vel dolor eget, convallis dignissim lectus. Cras quis rutrum odio. Quisque vel eros tempor, lacinia purus at, tristique tortor. Quisque metus nibh, tincidunt nec velit in, pulvinar consequat ipsum. Ut tempus quam id fringilla sagittis. Sed non porta lorem. Nunc posuere in ante nec interdum. Donec ultrices tortor lacus. Sed sed nulla et lorem egestas lacinia. Cras sit amet mollis elit. Nam laoreet tortor dui, vitae dignissim velit molestie eget. Interdum et malesuada fames ac ante ipsum primis in faucibus. Sed in porta nisi. Cras pretium lectus et hendrerit ultrices. Maecenas nec consequat lacus. Fusce at dolor ac ante laoreet varius. Ut ornare id dolor sed tincidunt. Fusce ultrices tellus nec ex suscipit, ac consectetur velit iaculis. Vivamus aliquam hendrerit porta. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vivamus quis fringilla magna, at blandit dui. Duis mi nisl, facilisis nec lobortis vel, commodo a tortor. Cras eu lectus bibendum, eleifend nibh at, sollicitudin nisi. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Aliquam erat volutpat. Morbi luctus ex posuere, blandit est eu, scelerisque purus. 5
Performance Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur varius justo erat, eu mollis nibh bibendum lobortis. Integer interdum purus vel risus auctor porta. Nulla facilisi. Aenean eu auctor turpis, quis condimentum nisl. Fusce tempor metus vitae nisi vehicula elementum a in nisi. Vestibulum mattis ligula sit amet tortor iaculis, imperdiet varius nulla tempus. Duis cursus gravida ligula ut fringilla. Nam condimentum egestas urna vitae pulvinar. Vivamus ullamcorper purus a purus malesuada euismod. Vivamus vel odio id nisi tempus hendrerit dignissim sit amet leo. Aliquam vitae sapien eget enim consequat ultrices non vel massa. Suspendisse sollicitudin felis et eros sodales, vel euismod ipsum sodales. Ut convallis enim ullamcorper eros tristique dictum. Phasellus sit amet aliquam urna. Maecenas vel felis dignissim, iaculis lorem ac, mattis turpis. Aenean in fermentum ipsum, eget accumsan massa. Nunc ac sem ac lacus ultrices bibendum at ut lorem. Ut tristique sed risus at semper. Donec fringilla ex ac dui posuere, et tempor risus pharetra. Vestibulum nec dui in urna tincidunt accumsan sed nec eros. Sed ipsum justo, convallis eget auctor nec, dictum id lorem. Pellentesque ipsum orci, iaculis viverra luctus sed, pharetra et diam. Donec eu libero neque. Ut id efficitur justo. Cras id urna tempor, commodo lectus quis, malesuada odio. Donec ac volutpat erat. Mauris facilisis magna lacus, non molestie metus sollicitudin vel. Curabitur aliquet justo quam, a viverra sem feugiat in. Mauris et nunc ultricies, pellentesque mauris in, iaculis nisl. Nullam tempor ultricies varius. Etiam vulputate, mi vitae sollicitudin fringilla, eros neque fermentum nisl, sed commodo turpis nisi sed felis. Cras aliquet lectus at ornare convallis. Aenean sed libero sed velit fringilla mollis faucibus vitae lectus. Vestibulum a varius leo. Fusce a ligula leo. Etiam facilisis vehicula diam, sed sollicitudin nunc feugiat sed. Donec non nibh non nibh varius lobortis sed ut massa. Quisque pharetra congue ornare. Aenean volutpat velit sed eros tempor, in varius risus dictum. Aliquam id ex nulla. Praesent rutrum turpis quam, vitae luctus diam scelerisque sed. Nulla et erat velit. Aliquam non imperdiet metus. Vivamus at metus turpis. Praesent sollicitudin ex elementum, scelerisque magna at, tincidunt massa. Vivamus nec ex id erat sollicitudin fringilla id non dolor. Morbi pulvinar elementum mi a elementum. Sed quis magna metus. Vestibulum vitae laoreet massa. Vestibulum volutpat lobortis felis, quis blandit eros gravida a. Mauris in risus quis leo ullamcorper pulvinar vitae in elit. Ut malesuada volutpat enim ac mollis. Cras sapien mi, dignissim ac mattis sit amet, lacinia sit amet risus. Nullam pulvinar condimentum augue at faucibus. Suspendisse mattis metus ut fringilla viverra. Integer ut libero sodales, facilisis velit nec, rhoncus ligula. In a vestibulum ligula. Vivamus eu dolor placerat, interdum mauris at, fermentum mi. Mauris auctor facilisis nisi eu varius. Nulla lobortis, ipsum vitae laoreet pharetra, eros lorem tincidunt nunc, quis volutpat est ligula aliquam enim. Fusce volutpat, lorem eget mattis dignissim, nulla lacus lacinia sapien, a vehicula ex nisi sed augue. 6