VNET(US:VNET) Jin Rong Jie·2025-07-31 13:49Core Viewpoint - Century Internet (VNET) shows a mixed financial performance with revenue growth but a decline in net profit, indicating potential challenges ahead in maintaining profitability while expanding operations [1][2]. Financial Performance - As of March 31, 2025, Century Internet reported total revenue of 2.246 billion RMB, representing a year-on-year increase of 18.34% [1]. - The company's net profit attributable to shareholders was -238 million RMB, reflecting a year-on-year decrease of 27.03% [1]. Upcoming Events - Century Internet is scheduled to disclose its mid-year report for the fiscal year 2025 on August 26, with the actual date subject to company announcements [1]. Company Overview - Founded in 1996, Century Internet is a leading digital infrastructure company in China and the first IDC company listed on the US stock market [1]. - The company operates over 50 data centers across more than 30 cities in China, with a base business operational capacity exceeding 480 MW and over 52,000 cabinets in urban operations [2]. - Century Internet has established a robust digital core base in key regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao, facilitating smooth data migration from first-tier to edge cities [2]. Strategic Partnerships - As a strategic partner of Microsoft, Century Internet operates international-standard cloud services including Microsoft Azure, Microsoft 365, Dynamics 365, and Power Platform in China [2]. Client Base - The company has built a solid foundation for business development for over 6,000 high-quality enterprise clients, including nearly 100 leading companies in high-growth industries, leveraging its strong resources and operational capabilities [2].