CICC: Maintains a "outperform" rating for Lenovo Group (00992.HK) with a clear leading advantage in the PC main business market.

According to the Securities Times APP, CICC released a research report stating that it maintains its profit forecast for Lenovo Group (00992.HK) unchanged and gives it an outperform rating in the industry. Based on the non-HKFRS net profit calculation, the current stock price corresponds to P/E ratios of 10.4/8.6/7.1 for FY25/26/27. According to Gartner data, global PC shipments in 1Q25 were 59 million units, a year-on-year increase of 4.8%. Lenovo maintained its global number one position with a market share of 25.9%, an increase of 1.1 percentage points year-on-year, demonstrating a clear lead in the PC main market.