Lenovo 2011 Annual Report Download - page 7

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NEW OPPORTUNITIES.
WE WILL
CHAIRMAN’S STATEMENT
The 2010/11 fiscal year was an encouraging year for all of us
at Lenovo. Despite the slowdown of the worldwide PC market,
Lenovo has once again recorded strong, balanced growth while
achieving a number of major breakthroughs.
Lenovo outgrew the worldwide PC market in unit shipments,
and gained market share across all geographies, products and
customer segments, making it the world’s fastest growing PC
company for six consecutive quarters. For the first time, we
surpassed 10% market share worldwide, reaching a historical
high of 10.2% for the year. It was also the first time for us to
become the largest PC maker in emerging markets including
China, the world’s largest in the education and government
notebook PC segment, and the second largest in the worldwide
commercial notebook PC segment. Our sales also for the first
time exceeded US$21 billion, with both profit before taxation
and profit attributable to equity holders doubling year-to-year.
WHY CAN LENOVO DELIVER SUCH
ENCOURAGING RESULTS?
“Building the leadership team, developing strategies and
taking people with you” has been the key to our success.
Our core management team, led by our CEO Yang Yuanqing,
took their new positions two years ago, and they developed
the “Protect and Attack” strategy. Facing the volatile market
and ever-shifting needs of customers, the new management
executed the strategy with determination while fine-tuning it
continuously. Time and time again, they practiced The Lenovo
Way, and brought the “We Do What We Say, We Own What
We Do” culture to life. The concerted efforts of the team have
brought fruitful returns to the Group. The resulting balanced
and solid foundation has prepared us well for the next phase of
development and future market transitions.
2010/11 Annual Report Lenovo Group Limited
6
continue to invest in
innovation, marketing
and branding to
protect our core
business and drive
growth through
attacking