Core Viewpoint - The recent financial performance of GDS Holdings Limited (万国数据-SW) shows a positive trend with significant revenue growth and strategic financial maneuvers to support future expansion [1] Financial Performance - For the third quarter, GDS reported a net revenue of 2.8871 billion RMB, representing a year-on-year increase of 10.2% [1] - The net profit for the same period was 728.6 million RMB, with a net profit margin of 25.2% [1] Strategic Initiatives - The company successfully issued the first public REITs for data centers in the country, generating approximately 2.248 billion RMB in net cash proceeds, which enhances liquidity for future business expansion, technology development, and AI infrastructure [1] Market Outlook - Bank of America forecasts that the decline in data center construction costs will maintain resilient internal rates of return for new projects, driven by strong AI demand expected to boost orders significantly by 2026 [1] - JPMorgan anticipates an acceleration in orders in the second half of 2026, primarily due to improved supply of domestic AI chips, with about 65% of new orders in 2025 related to AI, potentially leading to double-digit revenue growth in 2027 [1] - The international business and commitments from core customers regarding electricity purchase volumes remain robust [1]
港股异动 | 万国数据-SW(09698)再涨近4% 国产AI芯片供应改善 小摩预计明年下半年订单将提速