(Yicai) May 23 -- The chairman of Lenovo Group, the world's biggest maker of personal computers, has pledged to maintain the firm’s market share and profitability as it navigates the uncertainty brought by shifting tariff policies and geopolitical dynamics.

“Our commitments remain unchanged: market share will not slip, and profits will not decline,” Yang Yuanqing, who is also chief executive of Lenovo, said via his digital avatar at a briefing on the Beijing-based company's latest financial results.

This commitment rests on Lenovo’s end-to-end integrated global operations, from product design and demand forecasting to procurement, manufacturing, sales, and after-sales service, Yang said.

In addition, Lenovo has established a "China+N" global manufacturing footprint, Yang noted. The country has unparalleled advantages -- cost efficiencies, high productivity, and industrial clustering -- which make computer manufacturing in China at least USD10 cheaper than anywhere else, he added. 

While continuing to base production in China, Lenovo has built more than 30 self- or co-owned plants across 11 markets worldwide, Yang pointed out. This "global resources, local delivery" model ensures compliance with regional regulations and mitigates the impact of high tariffs, he said.

This footprint enables Lenovo to adjust faster and more flexibly than its competitors and better respond to changes, regardless of any tariff or macroeconomic shifts, Yang noted.

In the 12 months ended March 31, net profit jumped 36 percent to USD1.4 billion based on non-Hong Kong financial reporting standards, the firm said in an annual earnings report published yesterday. Revenue rose 21 percent to USD69.1 billion, the second-highest ever.

"This has been one of our best years yet, even in the face of significant macroeconomic uncertainty," Yang said. "We achieved strong top-line growth with all our business groups and sales geographies growing by double digits, and our bottom-line increased even faster.”

Income from Lenovo’s non-PC business accounted for 47 percent of revenue, up from 42 percent a year ago. Income from its intelligent device business, including PCs, tablets, and smartphones, climbed 13 percent to USD50.5 billion, with the operating margin reaching a record high of more than 7 percent. 

Lenovo Infrastructure Solutions Group’s income surged 63 percent to USD14.5 billion, while that of the Solutions and Services Group rose 13 percent to USD8.5 billion.

All of Lenovo's major regional units logged double-digit revenue growth last year, with the Americas at 19 percent, Europe, the Middle East, and Africa, or EMEA, at 16 percent, China at 26 percent, and the Asia Pacific at 29 percent.

"Our strategy to focus on hybrid AI has driven meaningful progress in both personal and enterprise AI, laying a strong foundation for leadership in this AI era," Yang pointed out.

Editor: Martin Kadiev