Financial Performance - Net revenue for Q3 2024 increased by 17.7% year-over-year to RMB2,965.7 million (US$422.6 million) from RMB2,519.0 million in Q3 2023[5] - Net loss for Q3 2024 was RMB231.1 million (US$32.9 million), a significant improvement from a net loss of RMB420.8 million in Q3 2023[6][30] - Adjusted EBITDA for Q3 2024 rose by 15.0% year-over-year to RMB1,295.7 million (US$184.6 million) compared to RMB1,126.3 million in Q3 2023[6][31] - Gross profit margin improved to 22.2% in Q3 2024, compared to 17.8% in the same period last year[22] - The company confirmed total revenue guidance for 2024 of RMB 11,340 – RMB 11,760 million and Adjusted EBITDA of RMB 4,950 – RMB 5,150 million[60] Operational Metrics - Total area committed and pre-committed increased by 20.2% year-over-year to 785,692 sqm as of September 30, 2024[8] - Area in service grew by 16.8% year-over-year to 647,468 sqm as of September 30, 2024[9] - Commitment rate for area in service was 92.7% as of September 30, 2024, up from 91.9% in the same period last year[10] - Total area committed and pre-committed at the end of Q3 2024 was 158,910 sqm, an increase of 256.4% YoY and 11.2% Qo-Q[50] - Area in service at the end of Q3 2024 was 51,862 sqm, reflecting a 281.2% YoY increase and 2.1% Qo-Q increase[51] - Area under construction at the end of Q3 2024 was 114,319 sqm, up 189.6% YoY and 5.4% Qo-Q[53] - Commitment rate for area in service was 99.3% at the end of Q3 2024, compared to 100% at the end of Q3 2023[54] - Area utilized at the end of Q3 2024 was 43,165 sqm, a 692.1% YoY increase and 1.1% Qo-Q[55] - Utilization rate for area in service was 83.2% at the end of Q3 2024, compared to 40.1% at the end of Q3 2023[56] International Operations - Net revenue for international operations surged by 636.3% year-over-year to RMB363.2 million (US$51.8 million) from RMB49.3 million in Q3 2023[18] - GDS International entered into agreements for US$1.0 billion of Series B convertible preferred shares, implying a value of approximately US$1.3 billion for GDSH's equity interest[57][59] - Two new data centers initiated construction in Batam, Indonesia, with a total net floor area of 7,417 sqm, both 100% pre-committed[53] Cash and Debt Position - Cash position as of September 30, 2024, was RMB9,408.5 million (US$1,340.7 million)[36] - Total gross debt for GDSH was RMB43,361.6 million (US$6,179.0 million) as of September 30, 2024[40] - Total current assets decreased to RMB 10,983,653 as of December 31, 2023, down from RMB 14,295,612 as of September 30, 2023[82] - Total liabilities decreased to RMB 54,322,887 as of December 31, 2023, from RMB 57,548,895 as of September 30, 2023[82] - Cash and cash equivalents were RMB 7,710,711 as of December 31, 2023, down from RMB 9,408,464 as of September 30, 2023[82] - Gross debt as of December 31, 2023, was RMB 46,417,007, down from RMB 49,285,979 as of September 30, 2023[101] - Cash balance as of December 31, 2023, was RMB 7,710,711, a decrease from RMB 9,408,464 as of September 30, 2023[101] Expenses and Losses - Operating expenses for the three months ended September 30, 2023, included selling and marketing expenses of RMB 38,912, a decrease from RMB 35,020 in the previous quarter[86] - Research and development expenses for the three months ended September 30, 2023, were RMB 10,529, slightly lower than RMB 8,628 in the previous quarter[86] - The company reported a comprehensive loss of RMB 400,570 for the three months ended September 30, 2023[88] - The net loss attributable to GDS Holdings Limited shareholders for the three months ended September 30, 2023, was RMB 434,926, an increase from RMB 205,958 in the previous quarter[86] - The company reported a decrease in net cash increase of RMB (629,845) for the three months ended September 30, 2023[90] - Net interest expenses for the three months ended September 30, 2023, were RMB 503,156, with income tax expenses of RMB 20,945[94] Future Outlook - The company plans to continue its market expansion and product development strategies in the upcoming quarters[100]

SHANGHAI, China, Nov. 19, 2024 (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 and South East Asia, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net revenue increased by 17.7% year-over-year ("Y-o-Y") to RMB2,965.7 million (US$422.6 million) in the third quarter of 2024 (3Q2023: RMB2, ...

Wall Street expects a year-over-year increase in earnings on higher revenues when GDS Holdings (GDS) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 19, 2024, might help the stock move higher if these key numbers are better tha ...

LOS ANGELES, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the Central District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of GDS Holdings Limited publicly-traded American Depositary Shares (NASDAQ: GDS): UNITED STATES DISTRICT COURTCENTRAL DISTRICT OF CALIFORNIA    LARRY BERGMANN, Individually and on behalf of all others similarly situated, Case No. 2:23-cv-04900-J ...

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，股份代號為GDS。 GDS Holdings Limited 萬國數據控股有限公司* （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） 董事會會議召開日期 本公司董事會將於2024年11月15日（香港時間）召開董事會會議，其中包括將於 會上批准本公司截至2024年9月30日止第三季度的未經審計財務業 ...

SHANGHAI, China, Nov. 05, 2024 (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 and South East Asia, today announced that it will report its third quarter 2024 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on November 19, 2024. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern T ...

LOS ANGELES, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the Central District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of GDS Holdings Limited publicly-traded American Depositary Shares (NASDAQ: GDS): UNITED STATES DISTRICT COURTCENTRAL DISTRICT OF CALIFORNIA    LARRY BERGMANN, Individually and on behalf of all others similarly situated,        Plaintiff,        ...

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，股份代號為GDS。 GDS Holdings Limited 萬國數據控股有限公司* （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) 1 GDSH已決定不行使其在B輪股權融資中的優先購買權。於交割後及按已轉換基 準，GDSH將以普通股形式持有GDSI約37.6%的股權。B輪認購價意味著GDSH於 ...

SINGAPORE, Oct. 29, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited (the “Company” or “GDSH”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, today announced that its international affiliate, DigitalLand Holdings Limited (“GDS International” or “GDSI”), which acts as the holding company for GDSH’s data center assets and operations outside of mainland China, has entered into definitive agreements for certain institutional private equity ...

Core Insights - Chinese stocks are gaining attention due to government stimulus measures and a strong U.S. jobs report, although PDD Holdings saw a decline in stock price despite positive analyst upgrades [1][2] - The Hang Seng index has rallied 34% over the past month, driven by government interventions and institutional investor interest, but concerns about sustainability remain due to economic challenges in China [1] Company Analysis: PDD Holdings - PDD Holdings has strong financial metrics, with a price-to-earnings ratio of 16.3 and a price-to-book ratio of 6, indicating solid financial stability [3] - The company's Altman Z-score of 7.87 suggests strong financial health, while a Beneish M-Score of -1.79 indicates low likelihood of financial manipulation [3] - Despite a recent stock price decline, PDD is assessed as "Modestly Undervalued" with a GF Value of 199.22, suggesting potential upside [3] Market Sentiment and Analyst Perspectives - Goldman Sachs projects a potential increase of 15% to 20% for Chinese indexes if stimulus pledges are fulfilled, while Invesco and JPMorgan Chase express skepticism about the effectiveness of current measures [2] - Macquarie's upgrade of PDD Holdings, raising the price target from $126 to $224, reflects confidence in the company's position within the Chinese internet sector [2] - Mixed market narratives, potential profit-taking, and rising U.S. treasury yields may pose challenges for tech and growth stocks like PDD [4]