Annual Report of Lenovo
Stock Code: 992
IDEAS EVERYWHERE
Lenovo Group Limited Annual Report 2007/08
TM
NEW WORLD. NEW THINKING.
TM
CONTENTS
ABOUT LENOVO
Lenovo (HKSE: 992) (ADR: LNVGY) develops, manufactures and markets high-quality, secure and easy-to-use technology products and services worldwide and is dedicated to building the world’s best-engineered personal computers. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, Lenovo’s heritage in both emerging and developed markets has resulted in a New World Company business model where ideas, operations and resources are borderless and mobile. With four operational hubs in Beijing, Raleigh, Singapore and Paris, Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina.
02 06 08 10 14 32 51 75 76 77 78 79 81 144
Inside Back Cover
Financial Highlights Chairman’s Statement CEO’s Report Lenovo Management Team Management’s Discussion & Analysis Corporate Governance Directors’ Report Independent Auditors’ Report Consolidated Income Statement Balance Sheets Consolidated Cash Flow Statement Consolidated Statement of Changes in Equity Notes to the Financial Statements Five-Year Financial Summary Corporate Information
IN EVERY DIRECTION
On the subway. At the office. In the elevator. At the beach. In the park. In the car. On the bus. In the bedroom. In the boardroom. Where do you have your best ideas? Wherever it may be, Lenovo believes in the power of ideas and helps you create, nurture, preserve, share and realize them. Lenovo strives to make the best engineered PCs. Innovative, reliable, beautifully-designed machines that are enjoyed and relied upon in the commercial and, increasingly, consumer marketplaces. Lenovo, itself, is the culmination of novel ideas and daring vision that have contributed to the formation and unremitting growth of a “new world” company.
Financial HigHligHts
For the year ended March 31
IDEAS EVERYWHERE
Lenovo Group Limited Annual Report 2007/08
TM
NEW WORLD. NEW THINKING.
TM
CONTENTS
ABOUT LENOVO
Lenovo (HKSE: 992) (ADR: LNVGY) develops, manufactures and markets high-quality, secure and easy-to-use technology products and services worldwide and is dedicated to building the world’s best-engineered personal computers. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, Lenovo’s heritage in both emerging and developed markets has resulted in a New World Company business model where ideas, operations and resources are borderless and mobile. With four operational hubs in Beijing, Raleigh, Singapore and Paris, Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina.
02 06 08 10 14 32 51 75 76 77 78 79 81 144
Inside Back Cover
Financial Highlights Chairman’s Statement CEO’s Report Lenovo Management Team Management’s Discussion & Analysis Corporate Governance Directors’ Report Independent Auditors’ Report Consolidated Income Statement Balance Sheets Consolidated Cash Flow Statement Consolidated Statement of Changes in Equity Notes to the Financial Statements Five-Year Financial Summary Corporate Information
IN EVERY DIRECTION
On the subway. At the office. In the elevator. At the beach. In the park. In the car. On the bus. In the bedroom. In the boardroom. Where do you have your best ideas? Wherever it may be, Lenovo believes in the power of ideas and helps you create, nurture, preserve, share and realize them. Lenovo strives to make the best engineered PCs. Innovative, reliable, beautifully-designed machines that are enjoyed and relied upon in the commercial and, increasingly, consumer marketplaces. Lenovo, itself, is the culmination of novel ideas and daring vision that have contributed to the formation and unremitting growth of a “new world” company.
Financial HigHligHts
For the year ended March 31