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China Daily

Silk leads to new opportunities

8 min 4 sec ago

XI’AN A fruit company plans to 30 million yuan (4.8 U.S. dollars) on air-conditioned for apples in Kazakhstan.

Ren Junfeng, general manager of Shaanxi Hongda Fruit Industry Co. announced on Wednesday that with capacity for 5,000 of apples will be in use by the end of this making exports to Central countries easier.

Along Shaanxi, Gansu Province and Uygur Autonomous Region, on the historical Silk Road, high quality apples.

Province has plans on cooperation other apple production in the suggested Silk Road belt to set up apple stores in and in Central Asian cities as stones to Russia and Europe, to Gao Wubin, director of the province’s industry bureau.

The exchange of and technology have become symbols of industrial cooperation Shaanxi and Kazakhstan.

President Xi proposed a Silk Road belt on a visit to Kazakhstan in Xi also proposed a 21st maritime Silk Road his visit to Indonesia in October.

We see to expand our business westward, Wang Baoyin, chairman of Milk Industry Co. Ltd from County, Shaanxi.

Fuping is the of China’s milk goats. Milk has exported goat products to south and southeast countries such as Indonesia, and Thailand, for 13 years. Last it exported 200 tonnes. Wang’s will attend a trade in Kazakhstan in October in an attempt to their products to new markets the Silk Road.

The planned economic belt bring unprecedented business to China’s halal food said Wang Jinzhen, head of the China Council for the of International Trade.

The value of products in northwest China’s Province hit eight billion last year, with 15 percent of that coming exports. The number of halal in Qinghai has increased to 3,000 170 a decade ago.

The halal output reached 13.2 yuan in Ningxia Hui Autonomous in 2013, according to Wang deputy chairman of the Ningxia government. The government could use the Road economic belt to Ningxia into a base for industries, he said.

Lenovo market in Q4 and full year

8 min 4 sec ago

growth in the PC and Tablet category record setting year

Group on Wednesday announced for its fourth fiscal quarter and ended March 31. With full-year revenue of $38.7 an increase of 14 percent year-on-year, a full-year pre-tax income of billion, up 27 percent year-on-year and full year earnings of million, up 29 percent, Lenovo had a outstanding year.

Lenovo its number one position in PCs, 2.1 points of market share to a record 17.7 percent share for the full-year, representingfivepercent growth, compared to an overall decline of 8 percent during same period. Even China’s PC market slowed, operating profit in China PC by 1 percentage point. Asia had record share of almost 15 while improving profitability.

For the first time, Lenovo’s Middle East Africa EMEA) revenue surpassed its PC revenue in the quarter, while in the US, surpassed Apple to take the three position in PC shipments in the quarter. With 20 consecutive of outgrowing the PC market, Lenovo to show it can post rapid in absolute shipment and in relative share metrics, even in markets.

When combining and PCs together to form the PC and tablet Lenovo sold a record 64 devices, up nearly 18 percent over year, outpacing market by more than 13 points. Lenovo posted total device volume of 114 up 37 percent year over This was the 4th quarter in a row that sold more tablets and than PCs. These illustrate Lenovo’s transformation as a in Smart Connected Devices.

The sales and profits that we last year prove Lenovo can grow and deliver its no matter the market conditions, Yang Yuanqing, Lenovo and CEO.

We gained three in tablets by quadrupling sales and became the fastest growing smartphone company in the world. demonstrates our capability to manage businesses that are already as well as those that are to maturity. Meanwhile, we are building new for growth in the enterprise and ecosystem, Yang

Gross profit for the full was $5.06 billion, an increase of 14 year-on-year. Gross margin was percent, while operating for the full fiscal year was billion, a 32 percent increase

Lenovo had strong fourth revenue of $9.4 billion, up 19 year-on-year. The company achieved income of $212 million the fourth fiscal quarter, a 28 increase over the same last year. The company’s profit for the fourth fiscal grew to $1.24 billion, an 18 percent year-on-year. Gross was13.3 percent. Operating for the fourth quarter was $231 up 37 percent year-on-year, while grew 25 percent year-on-year to million. Compared to an overall PC decline of 4.6 percent year-on-year in the fiscal quarter, Lenovo shipments at a 15 point premium to the

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Basic earnings per share in the fiscal quarter was 1.53 US 11.87 HK cents. Lenovo’s of Directors declared a final of 2.32 US cents,or 18 HK cents, per for the fiscal year ended 31, 2014.

Geographic overview

Lenovo China improved its quarter operating margin by 0.8 to 5.5 percent. With $3.1 in consolidated sales in the fourth quarter, China accounted for 33 of the Company’s worldwide sales. protected its PC leadership with percent share, with PC improving 1.1 points with shipments and increased average price. China continues to in the push into Smart Devices to capture opportunities 4G and Smart TVs.

· In the Asia Pacific Lenovo achieved 15.6 PC market share in the fourth quarter, up2.1points year-on-year. the regional PC market improved, down slightly at 1.5 percent the Company grew its PC shipments the region by 14 percent. Lenovo number one in Japan with shipment growth of 35 percent. sales across the region $1.7 billion or 19 percent of worldwide sales, while margins went up 1.3 points to 2.7

· Lenovo in Eu rope, East Africagrew PC shipments the fourth quarter by33.3percent and even stronger momentum the region. EMEA achieved a percent market share, shipments 4 share points or a nearly34point premium to the market. The had consolidated sales in the fourth of $2.6 billion, a year-on-year of 39 percent, good for 27 percent of total worldwide sales. profit margin was healthy at 2.9 1.0 point increase year-on-year.

Lenovo’s PC shipments inthe thefourthfiscal quarter increased 18 year-on-year, in a market that by about 8 percent. In this the company gained 2.5 share to a record high market of 11.4 percent. Consolidated grew 23 percent year-on-year to $2 billion in the fourth quarter, by strong growth across all This represented 21 percent of total worldwide sales. In the US, the fourth quarter, Lenovo Apple in PC units, while the number 3 position for the first in this critical market record share at 10.8 The company continued to invest in its growing Brazil and Latin businesses.

Product overview

· sales for Lenovo’s laptop PC worldwide in the fourth fiscal increased 16 percent year-on-year to billion, accounting for 51 percent of the overall sales. During the period, Lenovo’s worldwide PC shipments increased 12.9 against the backdrop of an overall decrease of 5.8 percent. In the fourth quarter, Lenovo announced its version of the popular ThinkPad X1 the world’s lightest 14-inch

· During the fourth quarter, Lenovo’s desktop PC grew 6.8 percent worldwide against an industry decline of 3.1 worldwide. Lenovo’s desktop PC sales for the same period 14 percent to $2.7 billion, or 29 of the company’s overall sales In the fourth fiscal quarter, announced the C560 all-in-one desktop PC, as well as the ThinkVision

· Lenovo had solid of smartphones, staying China’s two smartphone maker, with growth across all its Mobile and Digital Home (MIDH) lines. During the fourth quarter, consolidated sales of rose 71 percent to $1.3 year-on-year, or 13 percent of the company’s sales. The company’s worldwide shipments grew 59.4 in the fourth quarter, outpacing the market by 28 percent. The company outgrew the market in China as it to capture 4G/LTE opportunities by its own Lenovo App store ecosystem. So far the has delivered 6 billion downloads. It is 25 million downloads daily. own SHAREit App won the Mobile World award for best app and was the first app by Lenovo to reach 100 million

In the fourth fiscal quarter, introduced several smartphones, its first LTE smartphone, the Lenovo Z. The company also announced the new Tablet 10-inch HD+.

Group Financial Summary

For the quarter and full year March 31, 2014

(in $ millions, per share data)

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