hardyperfect312| Lenovo Group's annual report: Net operating cash flow reached US$3.368 billion, and continued R & D investment hit a record high

May 23hardyperfect312, Lenovo Group released its fourth quarter and full-year results for the 2023/2024 fiscal year. Among them, the fourth quarter performed well, with revenue of 99.4 billion yuan, a year-on-year increase of nearly 10%; the main business fully resumed growth, with net profit of 17hardyperfect312.80 million yuan, a year-on-year increase of 118%;

With its rich product portfolio and excellent business opportunity transformation capabilities, Lenovo Group's net cash position remained stable throughout the year, with a year-end balance of US$3.368 billion, which exceeded market expectations. At the same time, the net cash outflow from the company's financing and investment activities is far less than the net cash inflow from operating activities, and the cash flow is strong;

The annual report shows that through prudent working capital management, the Group's cash flow period has been shortened to minus four days. This was due to a total improvement of accounts receivable and inventory days by 12 days. The shortened accounts payable days offset the decline in accounts payable days. The Group's strong free cash flow has enabled R & D investment to continue, with R & D expenses to revenue ratio reaching a record high of 3.6%, supporting its hybrid artificial intelligence innovation, including the cost of developing technological intelligence attributes, with a total annual R & D cash expenditure of 2.3 billion US dollars.