Exhibit 99.1 VNET Reports Unaudited Third Quarter 2024 Financial Results BEIJING, November 20, 2024 /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 third quarter ended September 30, 2024. "We achieved strong third quarter results mainly driven by our wholesale IDC business," said Josh Sheng Chen, Founder, Executive Chairperson and interim Ch ...

BEIJING, Nov. 20, 2024 /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 third quarter ended September 30, 2024."We achieved strong third quarter results mainly driven by our wholesale IDC business," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business maintained its stro ...

BEIJING, Nov. 7, 2024 /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 that it will report its unaudited third quarter 2024 financial results on Wednesday, November 20, 2024, after the close of U.S. markets.The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on Wednesday, November 20, 2024, or 9:00 AM Beijing Time on Thursday, November 21, 20 ...

Core Viewpoint - VNET Group, Inc. announced the resignation of independent director Mr. Changqing Ye, effective October 31, 2024, for personal reasons, with no disagreements reported [1][2][3] Group 1: Board Changes - Mr. Kenneth Chung-Hou Tai will replace Mr. Ye on the audit committee, effective October 31, 2024 [2] - The Board now consists of six directors, including four independent directors [3] Group 2: Company Overview - VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China, offering hosting, IDC, cloud, and business VPN services [4] - The company operates in over 30 cities in China, serving a diverse base of over 7,500 enterprise customers across various industries [4]

| --- | --- | |-------------------------------------------------|------------------------------| | 交银国际研究 消息快报 | | | | | | 数据中心 | 2024 年 9 月 11 日 | | 世纪互联 (VNET US) | | | 上架加快， AI 算力驱动基地型 IDC 业务增长 | | 我们最近与世纪互联管理层举行了一次业绩后会议，以更新 2024 下半年 的运营情况和前景： 指引保持不变，预计 2024 下半年净利润可保持稳定。2024 年 2 季度公司 收入 19.9 亿元（人民币，下同），同比增长 9.4%；经调整 EBITDA 为 5.74 亿元，同比提高 7.3%，净利润扭亏为盈至 0.72 亿元，公司预计 2024 下半 年及 2025 年仍能保持净利润。同时，公司维持全年业绩指引不变，预计 2024 年收入在 78-80 亿元之间，同比增速在 5.2%-7.9%；预计调整后 EBITDA 在 22.2-22.8 亿元之间，同比增速在 8.9%-11.8%之间。 AI 算力驱动基地型 ...

Investors with an interest in Internet - Services stocks have likely encountered both 21Vianet (VNET) and The Trade Desk (TTD) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with pos ...

From a technical perspective, Vnet Group Inc. (VNET) is looking like an interesting pick, as it just reached a key level of support. VNET's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on ke ...

| --- | --- | |--------------------------------------------------|------------------------------| | 交银国际研究 \n消息快报 | | | | | | 数据中心 | 2024 年 8 月 29 日 | | 世纪互联 (VNET US) | | | 2 季度业绩符合预期； AI 算力驱动基地型 IDC | 业务增长 | 2 季度业绩符合预期，全年指引保持不变。2024 年 2 季度，公司收入 19.9 亿元（人民币，下同），同比增长 9.4%；经调整 EBITDA 为 5.74 亿元，同 比提高7.3%，约为我们2024 财年预测（23.3 亿元）的24.7%，基本符合预 期。公司维持全年业绩指引不变，预计全年收入在 78-80 亿元之间，同比 增速在 5.2%-7.9%；预计调整后 EBITDA 在 22.2-22.8 亿元之间，同比增速在 8.9%-11.8%之间。 AI 算力驱动基地型 IDC 业务增长，全年资本开支指引上调。2024 年 2 季 度，公司基地型 IDC 业务实现收入 4.0 亿元，环比增长 ...

VNET Group Inc (NASDAQ:VNET) Q2 2024 Results Conference Call August 27, 2024 9:00 PM ET Company Participants Xinyuan Liu - Director of Investor Relations Chenggang Shen - Rotating President & GM-IDC Strategic Business Group Qiyu Wang - Chief Financial Officer Conference Call Participants Yang Liu - Morgan Stanley Edison Lee - Jefferies Daley Li - Bank of America Tim Zhao - Goldman Sachs Ethan Zhang - Nomura Operator Hello, ladies and gentlemen. Thank you for standing by for the second quarter 2024 earnings ...