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On February 16th, an article titled *"The Truth: Is Yang Yuanqing a Qualified Lenovo CEO?"* appeared on a self-media platform. The piece cited financial data from Lenovo's reports, analyzing the company's performance under Yang Yuanqing’s leadership and suggesting it has been declining. It also questioned what team and achievements Yang had brought to Lenovo over the past 15 years.
In response, Lenovo officially denied the claims in its WeChat public account *“People Who Kept Talking.â€* The company labeled the article as “data distortion, concept theft, out of context, and conspiracy,†and stated that it would clarify the facts and even consider legal action to protect its rights.
The article in question used data from Lenovo’s financial reports but misinterpreted them. For example, it claimed that Lenovo’s pre-tax profit dropped sharply after fiscal year 2004, but according to official reports, the company saw growth in both 2004 and 2005. The article also incorrectly converted Hong Kong dollars into US dollars, which further distorted the figures.
Additionally, the article used conspiracy theories and exaggerated language, comparing internal company changes to political struggles and portraying normal executive transitions as power battles. It highlighted a loss in 2015 without mentioning the restructuring costs and one-time expenses related to recent acquisitions, which were key factors behind the short-term decline.
Lenovo emphasized that despite challenges, the company has grown significantly over the past 15 years. From a regional player to a global leader, Lenovo has expanded to over 160 countries, achieved top rankings in PC sales, and entered the Fortune 500. Its enterprise and mobile divisions are also among the best in the world.
The article also falsely claimed that Lenovo had laid off tens of thousands of employees, which is not true. Such statements were seen as irresponsible and misleading.
In conclusion, while Lenovo remains open to constructive criticism, it firmly rejects malicious attacks and will take necessary steps to defend its reputation. The company continues to move forward with confidence and determination.
July 04, 2025