On December 23, at the 20th Peking University Guanghua New Year Forum, Ni Guangnan, an academician of the Chinese Academy of Engineering, spoke about the knowledge in his speech. The contribution of property rights to the economy and the problems that exist in Lenovo.

Ni Guangnan pointed out that China’s intellectual property contribution to GDP is 11%, while in the United States, intellectual property contributes more than 30% to GDP. At the same time, China's intellectual property import fees have greatly exceeded export fees, and the deficit is expanding, and one-quarter of the intellectual property fees are imported from the United States. "The ability to protect intellectual property rights is the key to the rise and fall of high-tech enterprises' innovation capabilities."

Ni Guangnan also compared the development of Huawei and Lenovo over the past 30 years. He said: Huawei Lenovo has been like a tortoise and the hare in the past 30 years. In the first phase of 1988-1995, Lenovo’s “technical industry and trade” outperformed Huawei’s “trade and industry”. In 1995, Lenovo’s sales were 6.7 billion yuan. It is 4.5 times that of Huawei. From the second stage from 1996 to now, Huawei's "technical industry and trade" has surpassed Lenovo's "trade and industry technology." In 2001, Huawei's sales exceeded Lenovo. As of December 22, 2018, Lenovo's market value was $8.1 billion. And Huawei's valuation has exceeded 400 billion US dollars, the gap between the two is close to 50 times.

He thinks that after the reform of Lenovo shares, one is the development route, and the other is the intellectual property protection of science and technology personnel.

Ni Guangnan believes that Lenovo is separated from the calculations. At that time, it invested more than 130 experienced scientific and technical personnel, with hundreds of millions of worth of intellectual property rights, as well as wages, venues, and equipment. Lenovo is not created by someone. Lenovo’s share reform implemented around 2000, through this share reform, the calculation became 0, saying that the equity of the Institute was returned to the Academy of Sciences, but the equity of the Institute included the intellectual property rights of the scientific and technical personnel, and the equity of the Academy of Sciences. It is the assets of “Chinese Academy of Sciences Holdings Limited” and does not contain any intellectual property rights of scientific and technical personnel.

"Obviously, the result of Lenovo's share reform is that executives have obtained a large stake, while those who invest in intellectual property have no equity."

Liu Chuanzhi and Ni Guangnan worked together in Lenovo, and the two had conflicts because of the disputes between technology, industry, trade and trade. The result is that Liu Chuanzhi is in charge of Lenovo and Ni Guangnan is leaving. The grievances of the two men for more than a decade have not yet been resolved. However, the development dilemma of Lenovo in recent years has made Liu Chuanzhi’s route in the past questioned. In the past, Liu Chuanzhi insisted on taking the trade and industry technology route, focusing on trade and leading Lenovo to grow. This is also where he was criticized by Ni Guangnan. "The company's ability to innovate and its position in the industry has also declined."

"Liu Chuanzhi did not invest in assets and intellectual property, initially as deputy general manager, 0% After the share reform, his shareholding has been increasing, and now it is 15.9%. A company executive who has not invested in intellectual property and assets has so many shares, which is very special among Chinese and foreign high-tech enterprises." Ni Guangnan said, "Lenovo stock reform The biggest problem is to zero the intellectual property rights of science and technology personnel. In contrast, Huawei initially invested 80% of Huawei's equity in assets, but now only 1.4%.