②AI写作：可依据客户需求生成深度文章、个人博客、营销文案、专业邮件模板等多种文案On December 26, 2024, Lenovo officially announced a partnership with Volcano Engine to implant its AI desktop assistant Ruyi (AI Stick) with a large bean bag model “super powerful brain” to enhance the user experience in all aspects.
After the new upgrade, Ruyi has launched three new AI features:
① AI search: Beyond traditional search, each search can give users the most reliable and useful results.
② AI writing: can generate various copywriting such as in-depth articles, personal blogs, marketing copy, and professional email templates according to customer needs
③ AI chat: AI chat, which integrates Doubao's universal model Pro, can meet the needs of users in diverse scenarios such as office, study, leisure and entertainment.
With the Doubao Universal Model Pro, Ruyi completed the transformation from a traditional system tool assistant to an intelligent interactive comprehensive assistant, greatly improving the intelligent experience of users interacting with PC systems and improving Lenovo's competitiveness on PCs.
At the industry level, Windows 10 will cease service on October 14, 2025. At that time, 0.24 billion PCs may not be able to upgrade to Windows 11. Windows 10 is discontinued, and AI upgrades are added, and personal PCs are also expected to enter a wave of switching, which is beneficial to PC companies.
We expect Lenovo's FY2025/FY2026 net profit to be 1.299/1.462 billion US dollars, respectively, and the corresponding PE is 11.9/10.5x.