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VNET Announces Receipt of Withdrawal of Non-binding Offer by Mr. Josh Sheng Chen and Termination of Discussion on Potential Going-Private Transactions
Prnewswire· 2024-07-11 11:00
BEIJING, July 11, 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 the special committee of the Company's board of directors (the "Special Committee") received a letter dated July 10, 2024 from Mr. Josh Sheng Chen ("Mr. Chen"), Founder, Co-Chairperson and interim Chief Executive Officer of VNET, stating that Mr. Chen had determined not to proceed with his preliminary non- ...
VNET Announces Certain Updates Regarding the Refinancing of the Founder's Personal Loan
Prnewswire· 2024-07-08 12:25
BEIJING, July 8, 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 the refinancing of the margin loan facility provided by Bold Ally (Cayman) Limited (the "Bold Ally Loan") to Mr. Josh Sheng Chen ("Mr. Chen"), Founder, Co-Chairperson and interim Chief Executive Officer of VNET. The Bold Ally Loan was procured by Mr. Chen in or around August 2021 to finance his purchase of 17,14 ...
世纪互联:1季度利润率回升;全年增长指引维持不变
交银国际证券· 2024-05-31 06:31
交银国际研究 消息快报 数据中心 2024年5月30日 世紀互聯 (VNET US) 1 季度利润率回升;全年增长指引维持不变 1季度业绩略低于预期,全年指引保持不变。2024年1季度,公司实现收 谢骐聪,CFA,FRM 入约19.0亿元(人民币,下同),同比增长5.1%;经调整EBITDA为5.40 philip.tse@bocomgroup.com 亿元,同比减少2.9%,约为我们2024年全年预测(22.3亿元)的24.2%, (852)37661815 略低于预期。1季度经调整EBITDA 率为28.4%,环比上升5.2个百分点。 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 5.2-7.9%;预计调整后EBITDA在22.2-22.8亿元之间,同比增速8.9-11.8%。 批发业务增长迅速,为全年业绩增长的主要驱动力。随着公司双核战略的 持续深化,2024 年1 季度,公司批发业务实现收入3.6 亿元,环比增长 22.4%,对于总收入的贡献由2023年4季度的16%提升至19%。截至1季 度末,公司批发业务在营运项目的总容量为332MW,当中包括约174MW (52. ...
VNET(VNET) - 2024 Q1 - Earnings Call Transcript
2024-05-30 15:49
VNET Group Inc. (NASDAQ:VNET) Q1 2024 Results Conference Call May 30, 2024 9:00 PM ET Company Participants Xinyuan Liu - Director of Investor Relations Sheng Chen - Co-Founder, Executive Co-Chairman & Interim CEO Qiyu Wang - Chief Financial Officer Conference Call Participants Edison Lee - Jefferies Yang Liu - Morgan Stanley Daley Li - Bank of America Securities Timothy Zhao - Goldman Sachs Operator Hello, ladies and gentlemen. Thank you for standing by for the First Quarter 2024 Earnings Conference Call fo ...
VNET Reports Unaudited First Quarter 2024 Financial Results
Prnewswire· 2024-05-29 20:43
BEIJING, May 29, 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 first quarter ended March 31, 2024."2024 is off to a promising start thanks to continued strong execution of our dual-core, high-quality development strategy during the first quarter," said Josh Sheng Chen, Founder, Co-chairperson and interim Chief Executive Officer of VNE ...
21Vianet (VNET) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
zacks.com· 2024-05-23 14:56
Shares of 21Vianet (VNET) have been struggling lately and have lost 5.5% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings ...
VNET to Announce Unaudited First Quarter 2024 Financial Results on May 29, 2024
prnewswire.com· 2024-05-22 11:00
BEIJING, May 22, 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 first quarter 2024 financial results on Wednesday, May 29, 2024, after the close of U.S. markets.The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Wednesday, May 29, 2024, or 9:00 AM Beijing Time on Thursday, May 30, 2024.For particip ...
VNET Publishes 2023 Environment, Social and Governance Report
Prnewswire· 2024-04-26 11:00
BEIJING, April 26, 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 has published its 2023 Environmental, Social and Governance Report (the "2023 ESG Report"), detailing the Company's 2023 endeavors and progress in sustainability, green business practices, ethical governance, digital empowerment, and social responsibility. "ESG is a life-long journey, and I am proud of ...
VNET(VNET) - 2023 Q4 - Annual Report
2024-04-26 10:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the Month of April 2024 Commission File Number: 001-35126 VNET Group, Inc. Guanjie Building, Southeast 1st Floor 10# Jiuxianqiao East Road Chaoyang District Beijing 100016 The People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual re ...
VNET Files Its Annual Report on Form 20-F for Fiscal Year 2023
Prnewswire· 2024-04-26 10:36
BEIJING, April 26, 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 filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 25, 2024 Eastern Time. The annual report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's ...