Yuanqing Yang: US-CN Tariff Truce Is Positive Signal, LENOVO GROUP Largely Unaffected by Tariffs
Yuanqing Yang, Chairman and CEO of LENOVO GROUP (00992.HK), considered the tariff truce between the US and China as a positive development, adding that overall sentiment was better than in the previous quarter, as it could bring greater certainty.
LENOVO GROUP's revenue for 1FQ ended June grew by 21.9% to USD18.83 billion, beating market expectations of USD17.4 billion, which Yang attributed to strong AI demand across the company's three major business segments.
Yang also mentioned that the US market accounted for less than 20% of LENOVO GROUP's total revenue, so US tariffs on Chinese goods haven't had a significant impact on its business.
LENOVO GROUP's share price opened flat today (14th) and once bottomed at HKD10.9. It last traded at HKD11.01, down 4.43%, with a volume of 167 million shares, involving HKD1.847 billion.
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AAStocks Financial News
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