VNET(US:VNET) Jin Rong Jie·2025-08-06 14:35Core Insights - Century Internet (VNET) experienced a 2.04% increase in stock price, reaching $7.99 per share with a total market capitalization of $2.15 billion as of August 6 [1] - As of March 31, 2025, Century Internet reported total revenue of 2.246 billion RMB, reflecting an 18.34% year-on-year growth, while net profit attributable to shareholders was -238 million RMB, a decrease of 27.03% year-on-year [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, focusing on both "base-type + city-type" IDC business models [2] - The company provides advanced data center services, intelligent computing centers, and comprehensive cloud computing solutions, aiming to build a robust digital infrastructure platform with core technology and large-scale operational capabilities [2] Operational Capacity - Century Internet operates over 50 data centers across more than 30 cities in China, with a base-type business operational capacity exceeding 480 MW and over 52,000 cabinets in city-type operations [3] - The company has established large-scale data center industry clusters 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 [3] 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 [3] - 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 [3]