On April 2, at the new fiscal year mobilization meeting of Lianxiang Group, Chairman and CEO Yang Yuanqing announced to all employees a highly ambitious strategic goal: Lianxiang plans to achieve an annual revenue of over 100 billion US dollars (approximately 687.27 billion Chinese yuan) within two years, and is determined to fully transform into an AI-native company.
Financial Recovery: Net Profit Surges by 28%, AI Becomes Core Engine
Looking back at the past year, Lianxiang has made a strong rebound in performance after overcoming numerous challenges such as tariff pressures and supply chain shortages.
Growth Trend: In the first three fiscal quarters of the 2025/26 fiscal year, Lianxiang Group achieved a revenue of 440 billion yuan, an 18% increase year-on-year.
Profitability: The adjusted net profit broke through the 10 billion yuan threshold, with a year-on-year growth rate of as high as 28%, showing excellent profit recovery capability.
AI Contribution: Yang Yuanqing revealed that AI-related business revenue has doubled year-on-year, and now accounts for one-third of total revenue, becoming a core pillar driving the company's growth.
Strategic Orientation: 2024 is the "Year of AI Delivery"
Yang Yuanqing defined the new fiscal year as the "Year of AI Delivery" for Lianxiang. He required all staff to embrace change with an entrepreneurial mindset, ensuring that every product, solution, and internal service process must be redesigned and operated with artificial intelligence at its core.
Future Layout: Breaking Out of the Hardware Framework, Focusing on the "Personal Computing Hub"
In terms of product innovation, Lianxiang is trying to break the boundaries of traditional hardware vendors:
New Form Factor Terminals: Actively exploring AI wearable devices, as well as new forms of PCs and smartphones designed for intelligent agent interaction.
Pioneering Projects: Focus on projects such as the personal computing hub Kubit, building a complete AI architecture from terminal to cloud, aiming to make AI capabilities accessible to every user.
Calm Reflection: Facing the Challenges of Gross Margin and Mobile Business Weaknesses
While announcing grand goals, Yang Yuanqing also clearly pointed out current challenges. He stated that the company's current gross margin has not yet reached the expected level, and there is still room for improvement in the scale and profitability of the mobile business. The infrastructure business group also needs to further seize market opportunities to achieve sustainable profit growth.
Conclusion: The Risky Leap from "Assembly" to "Native"
With the full-year revenue expected to exceed 560 billion yuan, Lianxiang is using real investments to shed its old label. As AI business accounts for one-third of the share, this 40-year-old technology giant is attempting to redefine its position in the trillion-yuan smart computing market through a thorough restructuring as an "AI-native" company.
