Core Viewpoint - VNET Group, Inc. has successfully closed a US$430 million offering of 2.50% convertible senior notes due 2030, aimed at funding capital investments and general corporate purposes [1][7]. Summary by Sections Notes Offering - The offering consists of US$430 million in aggregate principal amount of 2.50% convertible senior notes, maturing on April 1, 2030 [1][2]. - Interest on the notes will be paid semi-annually starting October 1, 2025 [2]. Repurchase and Redemption Rights - Holders can require the company to repurchase their notes for cash on April 3, 2028, or under certain conditions related to fundamental changes [3]. - The company may redeem the notes in cash starting April 10, 2028, under specific conditions [3]. Conversion Terms - The notes are initially convertible at a rate of 72.7273 ADSs per US$1,000 principal amount, equating to an initial conversion price of approximately US$13.75 per ADS, representing a 25.0% premium over the closing price on March 12, 2025 [5]. - Conversion is restricted until 40 days after the original issuance and subject to certain conditions thereafter [4]. Regulatory Compliance - The notes are offered in offshore transactions outside the U.S. and are not registered under the Securities Act, thus cannot be sold in the U.S. without an exemption [6]. Use of Proceeds - The net proceeds from the notes offering will be utilized for capital investment in wholesale IDC projects, working capital, and general corporate purposes [7]. Company Overview - VNET Group, Inc. is a leading carrier-neutral and cloud-neutral internet data center services provider in China, offering hosting, IDC services, cloud services, and business VPN services [8]. - The company operates in over 30 cities in China, serving a diverse customer base of over 7,500 enterprise clients across various industries [9].

BEIJING, March 13, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier-neutral and cloud-neutral internet data center services provider in China, today announced the pricing of its offering (the "Notes Offering") of US$430 million in aggregate principal amount of 2.50% convertible senior notes due 2030 (the "Notes"). The Notes Offering is expected to close on or about March 17, 2023, subject to the satisfaction of customary closing conditions.The Notes will bear ...

BEIJING, March 13, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier-neutral and cloud-neutral internet data center services provider in China, today announced the commencement of a proposed offering by the Company of US$400 million aggregate principal amount of its convertible senior notes due 2030 (the "Notes"), subject to market and other conditions (the "Notes Offering"). The Notes will be senior, unsecured obligations of the Company, and will accrue inter ...

Vnet Group (NASDAQ:VNET) Q4 2024 Earnings Conference Call March 12, 2025 8:00 AM ET Company Participants Xinyuan Liu ??? Head-Investor Relations Ju Ma ??? Rotating President Qiyu Wang ??? Chief Financial Officer Conference Call Participants Shuyun Che ??? CICC Sara Wang ??? UBS Yang Liu ??? Morgan Stanley Edison Lee ??? Jefferies Timothy Zhao ??? Goldman Sachs Daley Li ??? Bank of America Securities Operator Thank you for standing by for the Fourth Quarter and Full Year 2024 Earnings Conference Call for VNE ...

VNET Group, Inc. Earnings Presentation for 4Q24 and FY2024 March 12, 2025 Disclaimer This presentation has been prepared by VNET Group, Inc. (the "Company") solely for informational purposes and has not been independently verified. No representations, warranties or undertakings, express or implied, are made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed upon, the accuracy, fairness, completeness or correctness of the information or opinions prese ...

BEIJING, March 12, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. "We closed 2024 with a strong fourth quarter, highlighted by our wholesale IDC business's remarkable performance as we continued to capitalize on AI-driven demand," said Josh Sheng Chen, Founder, Executive Chairperson ...

Core Viewpoint - VNET Group, Inc. is set to report its unaudited fourth quarter and full year 2024 financial results on March 12, 2025, before U.S. market opens [1] Company Overview - VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China, offering hosting, IDC services, cloud services, and business VPN services [4] - The company operates in over 30 cities across China, serving a diverse base of more than 7,000 enterprise customers from various industries, including internet companies, government entities, and small to mid-sized enterprises [4]

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Core Insights - VNET Group, Inc. has been included in the S&P Global Sustainability Yearbook 2025, marking its first appearance in the global edition after two years in the China edition, highlighting its strong ESG performance and global influence in sustainable development [1][3] Company Performance - VNET achieved a score of 70 in the 2024 S&P Global Corporate Sustainability Assessment (CSA), which is a record-setting performance for the company [3] - The company ranks in the top 7% of the global IT services industry and holds the highest position within China's IT services sector [3] Industry Recognition - VNET is one of only 21 enterprises from mainland China recognized in the 2025 Yearbook and is the sole honoree from the IT services industry in China [3] - The company has received an ESG rating of A from MSCI for three consecutive years and a B rating for climate change from CDP, surpassing 94% of participating companies in China [4] Company Operations - VNET is a leading carrier- and cloud-neutral internet data center services provider in China, offering hosting, cloud services, and business VPN services [5] - The company operates in over 30 cities in China and serves a diverse customer base of over 7,000 enterprise clients across various industries [5]

世纪互联（VNET）公司研究报告 [Table_MainInfo] 公司研究/信息服务 证券研究报告 [Table_InvestInfo] 首次覆盖：国内头部 IDC 运营商，批发型业务高 速成长 [Table_Summary] 投资要点： 主要财务数据及预测 | [Table_FinanceInfo] | 2022 | 2023 | 2024E | 2025E | 2026E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 7065 | 7413 | 8050 | 8841 | 9903 | | （+/-）YoY（%） | 14.1% | 4.9% | 8.6% | 9.8% | 12.0% | | 净利润（百万元） | -775.95 | -2,643.84 | 256.20 | 186.54 | 252.51 | | （+/-）YoY（%） | - | -240.7% | 109.7% | -27.2% | 35.4% | | 全面摊薄 EPS（元） | -5.23 | -10.27 | 0.96 | 0.70 | 0.95 | | 毛利率（% ...