Group 1 - The core viewpoint of the article highlights the strong financial performance of GDS Holdings, with a significant increase in revenue and net profit for the fiscal year ending March 31, 2025 [1][2]. - GDS Holdings' total revenue reached 2.723 billion RMB, representing a year-on-year growth of 11.96% [1]. - The company's net profit attributable to shareholders was 763 million RMB, showing a remarkable year-on-year increase of 320.64% [1]. Group 2 - GDS Holdings is a leading high-performance data center operator and service provider in China and Southeast Asia, with data centers strategically located in key economic hubs [2]. - The company offers a range of services, including colocation and management services, and has a neutral stance towards operators and cloud service providers, allowing clients to connect freely with major telecom operators and multiple cloud service providers [2]. - GDS has 23 years of experience in providing reliable data center hosting and management services, catering to large clients such as hyperscale cloud service providers, major internet companies, financial institutions, and multinational corporations [2].

Group 1 - The core viewpoint of the article highlights the significant market interest and positive performance of the Southern Data Center REIT, which successfully listed on the Shanghai Stock Exchange, achieving a 30% increase on its first day [1] - The Southern Data Center REIT raised 2.4 billion yuan through its issuance, with a public investor subscription multiple of 456 times and an offline investor subscription multiple of 166 times, indicating strong demand [1] - The valuation of the data center REIT is significantly higher than market expectations, which has led to an increase in the valuation anchor for the IDC industry [1] Group 2 - The issuance of REITs is encouraged by current policies, benefiting mature IDC companies and facilitating their expansion [1] - The spin-off of the REIT is advantageous for the company to deleverage, maintaining a net debt to adjusted EBITDA ratio below 6.5 times within the year [1] - The pricing of the REIT is higher than the company's current adjusted enterprise value multiple of 14 times, reflecting potential for valuation re-rating [1]

Core Insights - The launch of the first public REITs for data centers, namely Southern Runze Technology Data Center REIT and Southern Wanguo Data Center REIT, marks a significant expansion of public REITs' underlying assets, filling a gap in the data center sector [1][3] - Both REITs experienced a strong debut, with each reaching a 30% increase on their first trading day, indicating robust market interest and active trading [1][2] Fundraising and Asset Details - Southern Runze Technology Data Center REIT issued 1 billion shares, raising 4.5 billion yuan, with proceeds primarily allocated for the construction of the Chongqing Runze (Southwest) International Information Port project [2] - Southern Wanguo Data Center REIT issued 800 million shares, raising 2.4 billion yuan [2] - The underlying asset for Southern Runze is an A-18 data center in Langfang, Hebei, with projected service fee income of 540 million yuan and a net profit of approximately 257 million yuan for 2024 [2] - Southern Wanguo's underlying asset is the Guojin Data Cloud Computing Data Center in Kunshan, with projected service fee income of 164 million yuan and a net profit of about 47.33 million yuan for 2024 [2] Investor Interest and Market Dynamics - The issuance of the first public data center REITs saw enthusiastic investor participation, with the public offering for Southern Runze closing within a day and a low confirmation ratio of effective subscription applications [2] - The strong demand for these REITs is seen as a precursor to their successful market performance [2] Policy Support and Future Outlook - The successful launch of these REITs is attributed to strong policy support from regulatory bodies, which have encouraged the development of new infrastructure projects, including data centers [3] - The China Securities Regulatory Commission has expressed ongoing support for technology companies to utilize new asset classes for asset securitization and REITs [3] - The emergence of more data center public REITs is expected to evolve into a broader industry phenomenon, promoting a shift from mere scale expansion to value creation in the data center sector [3][4] Expansion of Public REITs - The public REITs market has been expanding, with a growing range of asset classes being included, from industrial parks to data centers [4] - The issuance of public REITs is seen as a vital tool for empowering the real economy, with potential future expansions into additional asset types such as elder care facilities [4][5]

Group 1 - GDS Holdings opened at $37.27 per share on August 8, with a market capitalization of $7.692 billion and a trading volume of $81.4186 million [1] - As of March 31, 2025, GDS reported total revenue of 2.723 billion RMB, representing a year-over-year growth of 11.96%, and a net profit attributable to shareholders of 763 million RMB, showing a significant increase of 320.64% [1] - GDS is scheduled to release its fiscal year 2025 interim report on August 20, before the market opens [1] Group 2 - GDS Holdings is a leading high-performance data center operator and service provider in China and Southeast Asia, with data centers located in key economic hubs and non-first-tier cities to meet diverse customer needs [2] - The company offers large-scale, high-density, and efficient data centers with robust power supply and multiple redundancy in critical systems, allowing customers to connect freely with major telecom operators and cloud service providers [2] - GDS has 23 years of experience in providing reliable data center hosting and management services, catering to large-scale cloud service providers, major internet companies, financial institutions, telecom and IT service providers, as well as large domestic and multinational enterprises [2]

Group 1: Market Performance - The UK central bank has lowered interest rates to a two-year low, requiring two rounds of voting to reach a decision[12] - The Shanghai Composite Index rose by 0.16% to 3639.67 points, while the Shenzhen Component Index fell by 0.18%[1] - The Hang Seng Index increased by 0.69% to 25081.63 points, with the property sector leading gains[1] Group 2: Economic Indicators - The US Dow Jones fell by 0.51%, while the S&P 500 decreased by 0.08%, and the Nasdaq rose by 0.35%[1] - The Bank of England's decision reflects significant internal disagreement, with five members supporting a 25 basis point cut to 4%[12] - China's central bank has expanded its gold reserves for nine consecutive months, increasing by 60,000 ounces to 7396 million ounces[12] Group 3: Corporate Developments - Guangdong Huayan Robotics is reportedly seeking to raise over $200 million (approximately 15.6 billion HKD) through a Hong Kong IPO[10] - Sino Biopharmaceutical plans to issue 36.56 million shares at a price of 18.68 HKD each, with an expected net proceeds of approximately 610 million RMB[10] - China Mobile Hong Kong has initiated a voluntary conditional cash offer to acquire all issued shares of Hong Kong Broadband[10]

Core Viewpoint - The successful listing of the Southern Universal Data Center REIT (code: 508060) on the Shanghai Stock Exchange marks an expansion of China's REITs market, providing innovative financing paths for private tech enterprises and supporting the construction of a digital China [1][2]. Group 1: Market Context and Policy Support - The listing of the Southern Universal Data Center REIT is supported by national policies that promote new infrastructure projects, including data centers, as part of the REITs pilot program [2]. - Recent measures from the China Securities Regulatory Commission (CSRC) have included data centers in the key support areas for REITs, indicating a strong governmental push for the development of this sector [2]. Group 2: Fund Details and Financial Projections - The initial fundraising scale of the Southern Universal Data Center REIT is 2.4 billion yuan, acquiring a project from GDS, a leading high-performance data center service provider [3]. - The projected annual cash distribution rate for 2025 is 5.07%, indicating a solid return potential for investors [3]. Group 3: Company Profile and Market Position - GDS has 24 years of experience in reliable data center management and has ranked first in the market share among third-party data center service providers in China for four consecutive years [4]. - The company’s strong performance in key metrics positions it favorably in the competitive data center market, enhancing the attractiveness of the REIT [4]. Group 4: Investment Demand and Market Response - The Southern Universal Data Center REIT attracted significant market interest during its fundraising phase, with a public investor subscription multiple of 455 times, reflecting strong demand [4]. - The REIT's innovative asset securitization approach is expected to reshape capital operations in the data center industry, providing a replicable financing model for sustainable development [4]. Group 5: Future Outlook and Strategic Goals - The fund manager, Southern Fund, aims to leverage collaborative advantages and optimize asset allocation to enhance capital operation efficiency, thereby creating value for investors and supporting the digital economy [5].

Market Performance - The Nasdaq China Golden Dragon Index opened slightly higher, currently up over 1% with notable gains in companies such as ZTO Express and Miniso, both rising over 4%, and GDS Holdings up over 3% [1] - The US stock market opened with all three major indices showing gains: the Dow Jones up 0.59%, the Nasdaq up 0.75%, and the S&P 500 up 0.55% [2] - Futures for the three major US indices were also up, with Dow futures rising 0.45%, S&P 500 futures up 0.57%, and Nasdaq futures increasing by 0.73% [3] Company-Specific Movements - Eli Lilly saw a significant drop of over 9%, while Intel and Honda both fell over 2%. In contrast, Apple experienced an increase of over 2% [2] - Intel's pre-market decline expanded to 5% following comments from Trump demanding the resignation of Intel's CEO [3]

每经AI快讯，8月7日，纳斯达克中国金龙指数小幅高开，现涨超1%。中通快递、名创优品涨超4%，万 国数据涨超3%，爱奇艺涨超2%，小鹏汽车涨超1%，哔哩哔哩跌超1%。 ...

8月7日，万国数据(GDS)开盘上涨2.92%，截至21:31，报36.71美元/股，成交264.81万美元，总市值 75.76亿美元。 财务数据显示，截至2025年03月31日，万国数据收入总额27.23亿人民币，同比增长11.96%；归母净利 润7.63亿人民币，同比增长320.64%。 大事提醒： 8月20日，万国数据将披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美国当地时间， 实际披露日期以公司公告为准）。 资料显示，万国数据控股有限公司(纳斯达克股票代码:GDS;港交所股票代码:9698)是中国及东南亚地区 领先的高性能数据中心运营商和服务商。公司的数据中心分布于对高性能数据中心需求广泛的中国核心 经济枢纽地区。为了满足客户更广泛的需求,公司还根据客户的选择在非一线城市地区建设和运营数据 中心。公司的数据中心规模大,电力供应充沛、密度高且高效,所有关键系统均具备多重冗余。公司中立 于运营商及云服务提供商,客户可自由选择与主要电信运营商连接,以及接入托管于公司数据中心的多家 云服务提供商。万国数据可为客户提供托管和管理服务,包括与领先的公有云进行直接私有连接、独特 创新的混合云管理服务 ...

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* 1 參加者線上登記： https://register-conf.media-server.com/register/BI9125586716a847c3bbf602d1d87b966a 本次電話會議的網上直播及錄音可於我們的投資者關係網站https://investors.gds-services.com 收聽。 （於開曼群島以GDS Holdings Lim ...