Lenovo shares jump over 12% after Q1 adjusted profit rises 176%

Lenovo Group shares in Hong Kong climbed more than 12% in afternoon trading on Aug. 13 after the company released earnings at midday. Lenovo said first fiscal-quarter adjusted profit attributable to equity holders increased 176% from a year earlier, while AI-related business revenue rose 60% year on year to 63.4 billion yuan, marking a record high.

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