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聯想集團Q4財報:IDG開啟加速模式,AI PC份額持續擴大
格隆匯 05-22 13:30

5月22日,聯想集團(HKSE:992)公佈截至2025年3月31日的2024/25財年第四季度及全年業績。全年營收達到4985億元人民幣,實現同比21.5%的強勁增長,創歷史第二高位,盈利提升更快,同比增長36%。

其中,第四財季IDG延續良好表現,營收859億人民幣,同比增長13%。PC市場份額達23.8%,領先第二名3.8個百分點,AI PC在中國市場筆記本總銷量中佔比達到16%;智能手機出貨量同比增長6%,激活量達1350萬台創單季新高,高端機型收入佔比達25%,平板出貨量同比增長18%。

整個2024/25財年,IDG營收3647億人民幣,同比增長超13%。全年份額達23.7%,與第二名差距擴大至3.6個百分點。AI PC銷售超額完成全年目標,在Windows AI PC類別中位居全球第一。智能手機業務全年營收626億人民幣,同比增長27%,創併購摩托羅拉移動業務以來歷史新高。其中,亞太地區和歐洲-中東-非洲區分別錄得179%和32%的高速增長。

根據IDC數據,預計2025全年PC出貨將同比增長4%,其中AI PC成為拉動需求的關鍵變量,到2027年AI PC將佔全球PC出貨70%的市場份額,隨着硬件升級推動應用生態不斷成熟,用户價值將進一步顯現。智能手機市場則受益於生成式AI普及驅動的換機週期逐步開啟,正向疫情前水平迴歸。

面向新財年,IDG持續推進"個人智能雙胞胎"(Personal AI Twin)進展,拓展能力邊界。未來,公司將推出更多搭載"天禧"個人超級智能體的創新終端產品,並同步打造涵蓋創作、學習、娛樂等場景的AI應用生態系統, 推動用户"一體多端"體驗,加速釋放AI時代的用户價值與業務潛力。

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