Mainland computer giant Lenovo Group plans to build more local manufacturing plants in emerging markets such as Russia and India to boost the company's profit growth. The plan comes after the world's fourth-largest supplier of personal computers posted its fourth straight quarterly loss since July last year. 'It is part of a three-pronged strategy to ensure the company enjoys healthy growth,' said Wong Wai-ming, senior vice-president and chief financial officer. 'We are waiting for the turnaround of the mature markets; we will have more presence in the emerging markets and at the same time strengthen our market share on the mainland.' After being hit by the global financial crisis in its mature markets and failing to gain much leverage from its Olympic Games sponsorship last year, Lenovo is struggling to expand its business profitably worldwide. Its share price sank to a low of HK$1.35 on January 23 from a high of HK$7.08 a year earlier. However, the stock closed at HK$3.52 on Friday, an increase of nearly 67 per cent year to date. Emerging markets make up 14 per cent of the company's total sales, while mature markets comprise 38 per cent, and the mainland accounts for 48 per cent. Lenovo has a 28.6 per cent market share on the mainland and aims to increase this to 30 per cent. Mr Wong said the country's 'electrical appliances down to the village' policy would provide the company with a good opportunity to extend its distribution network and hence increase sales. Analysts said with a steady sales rebound in its core mainland market and fresh demand for new personal computers with Windows 7 software, Lenovo could pull off a return to profitability in the current fiscal year. Given the strong momentum of the mainland market, analysts estimated that Lenovo's performance would be very close to break-even after its first quarter and likely stay positive for its full fiscal year to March. Mr Wong said Lenovo would not rely only on the mainland market, as international business was still important for diversification. The company is also providing 3G-ready mini-notebooks, commonly called netbooks, to the China Mobile, the operator of the world's biggest mobile-telephone network. Mr Wong said netbooks might record higher sales at a time when the economy was not doing well, but they would not replace the popularity of notebooks.