聯想集團SSG業務持續高利潤增長 AI服務商業化初具規模
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%。第四財季，SSG營收156億人民幣，同比增長18%，運營利潤率達到創紀錄的23%，進一步夯實集團轉型引擎的戰略地位。
當前，人工智能正加速從試驗階段走向廣泛落地應用，各行業對於AI解決方案和服務的需求持續增長。Gartner預測，2025年全球IT服務市場將實現4.6%的增長，2024至2027年間的複合增長率(CAGR)有望達到7.8%。 AI驅動的服務升級需求持續釋放，超過92%的企業計劃在三年內加大AI服務投入。混合雲逐步成為AI部署的主流方案，63%的企業傾向採用本地或混合部署架構。
在此背景下，SSG全年實現營收超610億人民幣，同比增長13%，運營利潤率達21.1%。 其中，解決方案和"即服務"業務收入佔比接近60%，同比提升4個百分點，顯示出持續的增長動能。值得注意的是，SSG成立四年，每個季度都實現了營收的雙位數增長。
越來越多企業認識到混合式基礎設施是承載AI工作負載的最優選擇，在此趨勢推動下，SSG混合雲服務全年訂單同比增長82%，其中GPU即服務增長高達13倍。聯想作為全球領先的OEM廠商，在AI方案與服務領域展現出獨特優勢。從"口袋到雲"的全產品覆蓋，到面向多樣化AI場景的定製化解決方案，聯想具備軟硬服一體化的整合能力，能夠為客户提供真正端到端的交付服務。
展望未來，SSG將錨定"混合式人工智能優勢集(Hybrid AI Advantage)"，全面提升平台能力、產品力與全球交付效率。加快拓展超級智能體的場景拓展，增強客户粘性，拓寬高附加值服務的商業化路徑，並助力全球企業釋放AI價值。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app！
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
