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 ...

Exhibit 99.1 VNET Reports Unaudited Second Quarter 2024 Financial Results BEIJING, August 27, 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 second quarter ended June 30, 2024. "We delivered another solid quarter through continued strong execution of our effective dual-core development strategy," said Josh Sheng Chen, Founder, Executiv ...

BEIJING, Aug. 27, 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 second quarter ended June 30, 2024."We delivered another solid quarter through continued strong execution of our effective dual-core development strategy," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "The wholesale IDC ...

BEIJING, Aug. 16, 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 second quarter 2024 financial results on Tuesday, August 27, 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 Tuesday, August 27, 2024, or 9:00 AM Beijing Time on Wednesday, August 28, 2024.For ...

BEIJING, July 30, 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 resignation of Mr. Erhfei Liu as an independent director of the Company's board of directors (the "Board"), effective July 24, 2024. Mr. Liu resigned for personal reasons and not due to any disagreement with the Board, the Company or any of its affiliates on any matter relating to the Company's operations, ...

Investors interested in stocks from the Internet - Services sector have probably already heard of 21Vianet (VNET) and Akamai Technologies (AKAM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets compan ...

BEIJING, July 16, 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 its exceptional ESG (Environmental, Social, and Governance) performance was highlighted in S&P Global's Sustainability Yearbook 2024 (China). Notably, VNET received the highest S&P Global ESG score among its Chinese peers in the IT services industry and was the industry's only participant to be included in ...

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- ...

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 ...

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. ...