2025-03-19 12:06Financial Highlights - Total revenue for FY24 grew by 5.5% year-over-year to RMB 10,322.1 million ($1,414.1 million)[6] - Adjusted EBITDA for FY24 increased by 3.0% year-over-year to RMB 4,876.4 million ($668.1 million)[6] - Total revenue for 4Q24 increased by 9.1% year-over-year to RMB 2,690.7 million ($368.6 million)[9] - Adjusted EBITDA for 4Q24 increased by 13.9% year-over-year to RMB 1,297.7 million ($177.8 million)[9] - Pro Forma Consolidated FY24 Net Revenue was RMB 11,545.5 million, a 16.0% year-over-year increase[40] - Pro Forma Consolidated FY24 Adjusted EBITDA was RMB 5,192.9 million, a 12.3% year-over-year increase[40] Customer Commitments & Utilization - Net new customer commitments for FY24 were +11,055 sqm[6] - Total area committed increased by 1.8% year-over-year to 629,997 sqm[6,9] - Net additional area utilized for FY24 was +47,792 sqm[6] - Total area utilized was 453,094 sqm, an 11.8% year-over-year increase, with a utilization rate of 73.8%[6,9] - Net new customer commitments for 4Q24 were +3,214 sqm[9] Capacity Expansion & Backlog - Additional capacity in service for FY24 was 78,419 sqm[31] - Total area in service at YE24 was 613,583 sqm[32] - Total area under construction at YE24 was 102,691 sqm[32] - Total area held for future development at YE24 was 388,922 sqm[32] - Backlog at YE24 was 176,904 sqm[18] FY25 Guidance - FY25 revenue guidance is RMB 11,290 - 11,590 million, implying a year-over-year growth of +9.4% – +12.3%[81] - FY25 Adjusted EBITDA guidance is RMB 5,190 - 5,390 million, implying a year-over-year growth of +6.4% – +10.5%[81] - FY25 Capex is expected to be approximately RMB 4,300 million, a +42.9% increase[81]