12 lenovo group 2003 refers to the period between april and march 2004 after adjustments in 2002 china s it market entered into a new phase of growth more confident strides although economy suffered briefly at outbreak sars picked up again during second half year with gdp grew by 9 1 last prompted favourable environment demand rose total value 11 on achieved respectable results 04 financial its overall turnover 14 5 pc only 8 while business increased 7 surpassing performance due losses incurred newly developed businesses contract manufacturing operating expenses as result continued investments research development net profit recorded slight increase 3 corporate competition was intense shrunk government education sectors
