Net profit at Chinese tech giant Lenovo (0992) soared 70 percent to US$1.3 billion (HK$10.14 billion) year on year in the first nine months of last year, mainly driven by its adoption of hybrid artificial intelligence.

Revenue rose 21 percent to US$52.1 billion while gross profit increased 13 percent to US$8.32 billion.

For the three months to the end of December, revenue hit US$18.8 billion, up 20 percent year on year. This also marks its highest quarterly sales in the past three years as well as the second-highest sales in the company's history. The gross profit margin was 15.7 percent, down 0.8 percentage points year on year.

Lenovo's intelligent devices group, infrastructure solutions group, and solutions and services group all achieved double-digit year-on-year revenue growth for the third consecutive quarter.