HK Stock Market Move | LENOVO GROUP (00992) rose more than 6%, global AI Capex continues to increase, and servers will bring significant flexibility to the company.

LENOVO GROUP (00992) rose more than 6%, as of the time of writing, it increased by 6.16%, to 22.74 Hong Kong dollars, with a turnover of 1.335 billion Hong Kong dollars. On the news front, LENOVO GROUP achieved operating income of $83.075 billion in the 2025/26 fiscal year, a year-on-year increase of 20%, with adjusted net profit of $2 billion, a year-on-year increase of 42%. The company's three business groups, IDG, ISG, and SSG, all achieved full-year profitability for the first time. The company had previously set clear medium- to long-term financial goals at an investor day event, aiming to achieve annual revenue of $100 billion within two years, with a net profit margin of over 3%; in terms of ISG, orders for AI servers have surpassed $21 billion. Shenwan Hongyuan Group believes that the server industry has strong economies of scale, and with the continued growth of global AI capital expenditure and accelerated deployment of enterprise AI applications, servers will bring significant elasticity to the company.