VNET(US:VNET) Jin Rong Jie·2025-08-18 13:53Core Viewpoint - Century Internet (VNET) is a leading digital infrastructure company in China, focusing on data center and cloud computing services, with a significant market presence and strategic partnerships, particularly with Microsoft [1][2]. Financial Performance - As of March 31, 2025, Century Internet reported total revenue of 2.246 billion RMB, representing a year-on-year growth of 18.34%. However, the net profit attributable to shareholders was -238 million RMB, a decrease of 27.03% year-on-year [1]. Business Operations - 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 operational cabinets in urban areas [2]. - Century Internet has established large-scale data center industry clusters in key regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao, providing a robust digital infrastructure that supports business operations in first-tier cities and facilitates smooth data migration to edge cities [2]. Strategic Partnerships - As a strategic partner of Microsoft, Century Internet operates international-standard cloud services in China, including Microsoft Azure, Microsoft 365, Dynamics 365, and Power Platform, enhancing its service offerings and market competitiveness [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, technological innovation, and operational capabilities [2].