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Lenovo Group (0992.HK), the world's largest maker of personal computers, announced on Thursday that third-quarter 2017/18 profit or loss was due to a write-off of deferred tax assets due to US tax reform while the mobile business remained At a loss, and can not turn losses by the end of March.

Announcement shows that Lenovo recorded a net loss of 289 million US dollars in the third quarter, a year earlier net profit of 98 million US dollars, a net loss of 0.0253 US dollars during the period, mainly due to the company in response to the United States recently enacted tax reform bill must be made once Non-cash US $ 400 million write-off of deferred tax assets.

Therefore, the first three quarters from profit to loss, a net loss of 222 million US dollars, a year earlier net profit of 428 million US dollars, a net loss of 0.0199 US dollars per share.

Lenovo has previously issued a profit warning. Despite changes in the tax environment in the United States, Lenovo said that "the Group believes the lower tax rate in the United States will benefit the Group's long-term business operation in the region."

Lenovo early shares traded at a low of nearly 4.39 Hong Kong dollar a month. At 11:29 local time, the stock dropped 2% to HK $ 4.42. The Hang Seng Index HSI dropped 0.1%.

Lenovo is committed to balancing the growth and profitability of its PC and smart device businesses. However, due to higher cost of components, slower-than-expected brand transformation in emerging regions in Europe / Middle East / Africa and emerging markets in Asia Pacific In the fierce competition, global smartphone sales dropped 18% YoY. Mobile revenue in the third quarter dropped 5% YoY to US $ 2,076 million. Operating profit before tax was US $ 92 million, a 30% decrease from the second quarter.

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