每经AI快讯，11月19日，万国数据公告，2025年第三季度的净收入同比增长10.2%，达到人民币28.87亿 元；经调整后的EBITDA（非公认会计准则）同比增长11.4%，达到人民币13.422亿元。 （文章来源：每日经济新闻） ...

公司确认先前提供的指引之2025年的总收入为人民币11,290百万元至人民币11,590百万元，经调整 EBITDA为人民币5,190百万元至人民币5,390百万元及调整后的资本支出指引为约人民币2,700百万元维 持不变。 格隆汇11月19日丨万国数据-SW(09698.HK)公布2025年第三季度业绩。于2025年第三季度，净收入同比 增加10.2%至人民币28.87亿元(2024年第三季度：人民币26.2亿元)。 2025年第三季度的每股普通股基本收益为人民币0.46元(0.06美元)，而去年同期为基本亏损人民币0.14 元。2025年第三季度每股普通股摊薄收益为人民币0.40元(0.06美元)，而去年同期为摊薄亏损人民币0.14 元。 2025年第三季度的净利润为人民币7.29亿元(2024年第三季度：净亏损人民币2.31亿元)。2025年第三季 度的净利润率为25.2%(2024年第三季度：净亏损率8.8%)。 ...

（於開曼群島以GDS Holdings Limited的名稱註冊成立及以不同投票權控制的有限公司， 並以GDS WanGuo Holdings Limited於香港經營業務） （股份代號：9698） 2025年第三季度業績公告 我們謹此宣佈截至 2025 年 9 月 3 0 日止第三季度的未經審計財務業績（「業 績公告」）。業績公告可於香港聯交所網站 www.hkexnews.hk 及我們的網 站 www.gds-services.com 查閱。 香港交易及結算所有限公司、香港聯合交易所有限公司（「香港聯交所」）及香港中央結算有限公 司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因 本公告全部或任何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 萬國數據控股有限公司*（「本公司」）以不同投票權控制。股東及有意投資者務請留意投資不同 投票權架構公司的潛在風險，特別是不同投票權受益人的利益未必總與股東整體利益一致，而 不論其他股東如何投票，不同投票權受益人會對股東決議案的結果有重大影響。我們的美國存 託股（每股美國存託股代表八股A類普通股）於美國納斯達克全球市場上市 ...

SHANGHAI, China, Nov. 19, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced its unaudited financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial Highlights Net revenue increased by 10.2% year-over-year (“Y-o-Y”) to RMB2,887.1 million (US$405.6 million) in the third quarter of 2025 (3Q2024: RMB2,619.6 million).Net i ...

Core Insights - GDS Holdings Limited is a significant player in China's data center industry, offering services such as colocation, managed hosting, and cloud services, with analysts showing growing confidence in its strategic position and market potential [1] Price Target and Analyst Sentiment - Analysts have set an average price target of $46.7 for GDS, indicating a positive outlook and consistent confidence in the company's performance and growth prospects [2][6] - The average price target has increased from $40.44 a year ago, reflecting a significant upward trend and growing optimism among analysts regarding GDS's future potential [3][6] - Despite an 8.1% surge in GDS's share price, earnings estimate revisions suggest caution, yet the overall sentiment remains optimistic with a potential upside of 25.2% [4][6] Earnings Conference Call - GDS recently held its Q2 2025 earnings conference call, which was attended by key company figures and analysts from major financial institutions, reinforcing positive sentiment among analysts [5]

Core Viewpoint - Some popular Chinese concept stocks have shown strength, with Alibaba rising by 3.6%, GDS Holdings increasing by 3.3%, and JD.com up by 2.4% [1] Company Performance - Alibaba's stock price increased by 3.6% [1] - GDS Holdings experienced a rise of 3.3% [1] - JD.com saw a growth of 2.4% [1]

PRESS RELEASE Paris, 14th November 2025 COMBINED GENERAL MEETING OF DECEMBER 11, 2025 Conditions of availability and consultation of the preparatory documents for the Ramsay Générale de Santé General Meeting of December 11, 2025 The shareholders of Ramsay Générale de Santé are invited to participate in the Combined General Meeting on Thursday, December 11, 2025, which will take place at 10 a.m. at the Apostrophe 83 avenue Marceau 75116 Paris. The preliminary meeting notice was published in the French BALO ...

Core Insights - Ramsay Santé Group reported a consolidated revenue of €1,207 million for the quarter ending 30 September 2025, reflecting a growth of 2.6% on a reported basis and 1.9% organic sales growth [1][15] - The Group's EBITDA increased by €7 million or 6.5% to €112 million, despite a reduction in public funding and the end of the French revenue guarantee [3][5] - The company continues to implement its "Yes We Care 2025" strategy, focusing on integrated care services and operational efficiency to enhance profitability [9] Revenue and Activity - France's revenue grew by 1.4% (1.9% on a like-for-like basis) due to increased hospital admissions and a 0.5% indexation of MSO tariffs since March 2025 [2] - Nordic countries reported a revenue growth of 2.6% on a like-for-like basis, with a reported growth of 5.4% benefiting from favorable foreign exchange fluctuations [3] - The overall activity volume growth in hospitals indicates sustained patient demand for healthcare services [3] Cost Management and EBITDA - EBITDA growth was primarily driven by strong performance in Sweden, with cost control measures offsetting inflationary pressures [5][6] - The Group's EBITDA margin improved by 0.3 percentage points, reflecting effective cost-saving initiatives and productivity improvements [5][9] - The end of the French government's revenue guarantee resulted in a €7 million shortfall, highlighting ongoing funding challenges [5] Financial Position - As of 30 September 2025, net financial debt amounted to €3,819 million, with a restated net leverage of 5.2x, slightly improved from 5.3x in the previous year [8][19] - The company reported a net cash flow from operating activities of -€44 million, primarily due to seasonal variations and working capital changes [7][20] - Focus remains on cash flow generation through operational efficiency and working capital improvement [8] Strategic Developments - Ramsay Santé is expanding its day hospitals and outpatient services, aligning with patient healthcare needs [3][9] - The integration of former Cosem primary care facilities in France is progressing well, enhancing care coordination [3] - The Group invests over €200 million annually to support the evolution of care pathways and improve healthcare access [13]

Core Viewpoint - Morgan Stanley reports that DayOne, a global data center operator under GDS Holdings, is set to build Thailand's first 1GW data center park, indicating strong growth potential for the company [1] Group 1: Expansion Plans - DayOne plans to expand its Chonburi Phase 1 park and adjacent land, increasing the power supply capacity to 300MW [1] - A memorandum of understanding has been signed with Amata Group for the Chonburi Phase 2 park [1] Group 2: Renewable Energy Initiatives - DayOne has signed a renewable energy agreement to incorporate solar power into its operations [1] Group 3: Market Outlook - Morgan Stanley maintains a positive outlook on DayOne's expansion plans, expecting the related contracts to provide additional momentum [1] - The firm retains an "Overweight" rating on GDS Holdings with a target price of $54 [1]

Summary of GDS Holdings Ltd Conference Call Company and Industry Overview - **Company**: GDS Holdings Ltd (GDS.O) - **Industry**: Greater China Telecoms Key Points and Arguments 1. **Revenue Estimates Adjustment**: Revenue estimates for GDS Holdings have been reduced by 3.1-3.3% for 2026-27E due to lower-than-expected new orders in 2025E and decreased contract pricing from renewals [1][2] 2. **EBITDA and EPS Revisions**: Adjusted EBITDA is lowered by 2.6% for 2026E and 2.4% for 2027E. Normalized EPS revisions are -0.3% for 2026E, -6.8% for 2027E, and -10.1% for 2028E, partially offset by a disposal gain [1] 3. **Price Target**: The price target remains unchanged at US$54 per share, with bull and bear case values also unchanged at US$73 and US$19 per share, respectively [2] 4. **Market Conditions**: The lower EBITDA in China is counterbalanced by a new forex assumption of 7.05 Rmb/US$ (previously 7.15) and lower net debt [2] 5. **Investment Thesis**: The demand in China is expected to recover mildly, driven by hyperscalers' cloud and AI capital expenditures. GDS's public REITs have received approvals, with an anticipated valuation of ~15x EV/EBITDA [11] 6. **International Expansion**: GDS's DayOne initiative is seeing successful overseas progress with strong order momentum [11] 7. **Utilization Rates**: Projected utilization rates are expected to increase from 73.8% in 2024 to 81.0% by 2027 [16] 8. **New Booking Projections**: New bookings are projected at 80,000 sqm for 2025-2027 [16] 9. **Market Share Recovery**: The market share recovery (MSR) growth is projected to be -2.0% in 2025, improving to 1% by 2027 [11] Additional Important Information 1. **Ownership Positioning**: Institutional ownership stands at 86.8%, with a long/short ratio of 2x and net exposure of 26.3% in the hedge fund sector [19] 2. **Risks to Price Target**: Upside risks include accelerated sales in overseas markets and further interest rate cuts, while downside risks involve increased competition and potential reductions in hyperscaler capex [20] 3. **Stock Performance Metrics**: The stock closed at US$35.70 on October 31, 2025, with a 52-week range of US$52.50-16.93 [4] This summary encapsulates the critical insights from the conference call regarding GDS Holdings Ltd, highlighting the adjustments in financial estimates, market conditions, and strategic initiatives.