For two consecutive quarters, Lenovo's server business increased by over 200%, securing its position in the top three in China.

On September 11th, according to the latest "2024 Second Quarter 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, with a year-on-year revenue increase of 214.7%, the fastest growth among all brands. It has achieved a year-on-year growth of over 200% for two consecutive quarters, showing strong momentum and further solidifying its dominant position in the domestic market. Chen Zhenkuan, Vice President and General Manager of Lenovo Infrastructure Business Group, stated that the impressive performance of Lenovo's infrastructure business for three consecutive quarters not only validates the foresight and correctness of the "One Horizontal, Five Vertical" strategy, but also reflects Lenovo's keen insight and precise grasp of the Chinese market. In the face of the surging wave of AI development, LENOVO GROUP is steadfast in pursuing its established strategic goals and vision, aiming to become a leading provider of intelligent IT infrastructure in China and striving to write a more brilliant new chapter on this vibrant land. In the previous quarter, LENOVO GROUP ISG infrastructure business achieved several historical highs. With the strong growth of cloud infrastructure business, Lenovo ISG's overall revenue increased by 65% year-on-year, and the total revenue of storage, software, and service business grew by nearly 60% year-on-year. The revenue of Neptune liquid-cooled servers, which have unique advantages in energy consumption, grew by more than 50% year-on-year, setting new historical highs. In addition, with over 10 years of experience in Neptune technology and its leading position in the field, Lenovo is well positioned to benefit from higher cooling requirements from more powerful GPU platforms in the future. The remarkable achievements of LENOVO GROUP in the server field are not achieved overnight, but are the result of over thirty years of deep accumulation and continuous innovation. Especially in the customer-centric transformation and 3S transformation process, based on global wisdom and local innovation, LENOVO GROUP launched the Lenovo Qi Tian server brand, forming a dual-brand strategy of "Lenovo Qi Tian + Lenovo ThinkSystem" servers, providing strong computing service engines for enterprises in various industries to meet the differentiated needs of different customers. Looking ahead, LENOVO GROUP will focus on optimizing the business model of ISG, streamlining its product portfolio, improving operations, and will continue to use its industry-leading liquid cooling technology to meet the increasing demands of artificial intelligence workloads. It will also seize other growth opportunities in the AI server and storage market. LENOVO GROUP will deepen its relationships with key strategic partners and actively build infrastructure platforms that support hybrid AI solutions.