VNET Group Inc DRC

VNET Group Inc DRC

VNET · NASDAQ · Technology / Information Technology Services

2.98USD-0.11 (-3.56%)

Price History

Full chart

Market Stats

Previous Close3.09
Open3.12
Day Range2.88 – 3.17
52-Week Range5.91 – 14.48
Volume5.76M
Market Cap1.89B
P/E (TTM)0.00
Forward P/E11.56
EPS-1.27
Dividend Yield0.00%
Beta0.28
50-Day Avg6.90
200-Day Avg8.92

About

VNET Group, Inc., an investment holding company, provides data center hosting and related services in China. The company offers managed hosting services comprising managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; and value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and standby server services. It also provides cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN services that extend customers' private networks by setting up connections through the public internet. In addition, the company offers server administration services, including operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1996 and is headquartered in Beijing, China.

Company Details

  • SectorTechnology
  • IndustryInformation Technology Services
  • CEOMr. Wen Teng
  • Employees2.78K
  • HeadquartersGuanjie Building, Beijing, China, 100016, USA
  • Websitehttps://www.vnet.com

Leadership

  • Mr. Sheng ChenCo-Founder & Executive Chairman · b. 1969
  • Ms. Xinyuan LiuHead of Director of Investor
  • Mr. Derek LiGroup Executive VP & General Counsel
  • Ms. Xiao LiuRotating President & Group Executive VP · b. 1981
  • Mr. Shiqi WangRotating President & Group Senior VP · b. 1976
  • Mr. Ju MaGroup Executive VP & Rotating President
  • Mr. Wen TengRotating Chief Executive Officer
  • Mr. Kun YanGroup Executive Vice President
  • Mr. Xiaomang LiGroup Senior Vice President
  • Mr. Zhihua ZhangGroup Senior VP & Head of Operations Finance · b. 1983

Financials

Income Statement

Currency: CNY2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue313.63M525.20M1.02B1.52B1.97B2.88B3.63B3.64B3.39B3.40B3.79B4.83B6.19B7.19B7.41B8.26B9.68B
Growth (%)-+67.46%+94.39%+49.29%+29.04%+46.26%+26.35%+0.20%-6.84%+0.25%+11.41%+27.45%+28.18%+16.15%+3.11%+11.41%+17.18%
Cost of Revenue229.30M396.86M744.37M1.10B1.45B2.07B2.78B2.93B2.63B2.46B2.85B3.75B4.75B5.88B6.12B6.43B7.55B
Gross Profit84.33M128.34M276.56M425.68M516.87M810.14M853.76M712.14M758.41M944.87M939.45M1.08B1.44B1.31B1.29B1.83B2.13B
Gross Margin26.89%24.44%27.09%27.93%26.28%28.16%23.49%19.55%22.35%27.78%24.79%22.28%23.23%18.15%17.44%22.18%22.04%
Operating Expense57.20M361.15M261.65M344.74M475.10M924.84M1.14B1.55B2.13B707.39M757.22M959.41M1.42B1.24B3.26B1.16B1.40B
Operating Income27.14M-232.81M14.90M80.94M41.77M-114.70M-284.23M-840.20M-1.37B237.48M182.23M116.60M21.31M62.22M-1.97B669.44M732.04M
Operating Margin8.65%-44.33%1.46%5.31%2.12%-3.99%-7.82%-23.07%-40.34%6.98%4.81%2.41%0.34%0.87%-26.59%8.11%7.56%
EBITDA56.55M-196.82M152.99M233.35M301.66M327.54M454.57M-116.08M-209.18M894.99M1.01B-1.21B2.27B1.25B-366.56M2.43B2.96B
EBITDA Margin18.03%-37.48%14.99%15.31%15.34%11.39%12.51%-3.19%-6.17%26.32%26.57%-25.10%36.64%17.34%-4.94%29.42%30.63%
Net Income-5.92M-255.39M18.44M56.32M-48.23M-348.48M-428.10M-633.60M-772.73M-205.06M-182.29M-2.71B500.10M-789.58M-2.64B183.20M-249.78M
Net Income Margin-1.89%-48.63%1.81%3.70%-2.45%-12.11%-11.78%-17.40%-22.78%-6.03%-4.81%-56.11%8.08%-10.98%-35.67%2.22%-2.58%
R&D7.61M19.92M34.66M63.93M77.83M121.68M142.84M149.34M149.14M92.11M88.79M112.89M188.49M306.84M322.22M246.61M254.02M
R&D as % of Total Revenue2.43%3.79%3.39%4.19%3.96%4.23%3.93%4.10%4.40%2.71%2.34%2.34%3.05%4.27%4.35%2.99%2.62%
Interest Expense416.00K2.79M4.40M11.38M136.78M232.02M274.18M198.59M185.31M236.07M345.95M380.61M334.95M273.31M312.17M400.98M582.32M
Interest Expense % of Total Revenue0.13%0.53%0.43%0.75%6.95%8.07%7.54%5.45%5.46%6.94%9.13%7.88%5.41%3.80%4.21%4.85%6.02%

Balance Sheet

Currency: CNY2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets347.18M2.71B2.43B2.98B6.26B9.50B10.85B12.42B10.02B11.17B14.12B19.33B23.10B26.95B30.39B32.36B44.59B
Total Liabilities326.98M439.95M734.92M1.07B3.71B6.52B6.00B5.54B4.74B5.78B8.94B12.44B15.49B19.97B23.87B25.44B36.03B
Total Equity3.21M2.14B1.67B1.88B2.51B2.17B4.01B6.13B5.11B5.10B4.90B6.55B7.24B6.61B6.01B6.37B6.22B
Cash83.29M87.97M419.25M625.58M1.69B794.39M1.88B3.26B2.22B2.63B2.26B2.97B1.37B2.66B2.24B1.49B5.52B
Total Debt13.61M109.35M201.97M498.15M2.84B4.07B3.50B3.19B3.14B3.27B5.40B8.23B11.12B14.76B17.17B17.51B28.17B
Net Debt-69.67M21.38M-217.28M-127.43M1.16B3.27B1.62B-70.11M925.46M642.89M3.14B5.26B9.75B12.10B14.93B16.01B22.64B

Cash Flow

Currency: CNY2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.76M81.37M166.13M173.92M64.53M325.37M216.83M83.62M402.31M704.97M707.36M714.24M1.39B2.44B2.06B2.01B1.92B
Investing Cash Flow-34.85M-616.00K-1.27B-175.67M-1.51B-2.26B-370.13M-841.02M-699.34M-304.85M-1.61B-3.89B-3.77B-3.56B-3.91B-4.39B-8.01B
Financing Cash Flow28.75M-69.50M1.44B23.95M2.48B1.12B1.12B209.47M-612.65M-19.90M557.12M4.16B967.58M2.30B3.94B-627.65M10.22B
Capital Expenditure35.04M59.35M256.56M580.61M455.31M858.71M1.10B612.50M414.95M453.09M1.28B2.50B2.73B3.10B3.06B5.13B7.87B
Free Cash Flow-32.28M22.02M-90.42M-406.68M-390.78M-533.35M-882.95M-528.88M-12.64M251.87M-567.99M-1.79B-1.35B-660.39M-997.15M-3.12B-5.95B
Dividends Paid--350.02M-2.12B001.94B1.82M02.27B3.10B-----
FCF to OCF-1169.57%27.06%-54.43%-233.83%-605.56%-163.92%-407.20%-632.48%-3.14%35.73%-80.30%-250.50%-97.00%-27.06%-48.32%-155.73%-310.06%
Dividend Paid to FCF---387.09%--541.29%0.00%0.00%-367.72%-14.40%0.00%-399.24%-173.19%-----

Earnings

Report DateJun 1, 2011Aug 3, 2011Nov 14, 2011Feb 27, 2012May 16, 2012Aug 16, 2012Nov 15, 2012Mar 5, 2013May 16, 2013Aug 20, 2013Nov 25, 2013Mar 6, 2014May 22, 2014Aug 27, 2014Nov 25, 2014Mar 9, 2015May 26, 2015Aug 26, 2015Nov 24, 2015Mar 10, 2016May 26, 2016Aug 16, 2016Nov 28, 2016Mar 8, 2017May 25, 2017Aug 22, 2017Dec 5, 2017Mar 12, 2018May 17, 2018Aug 16, 2018Nov 20, 2018Mar 4, 2019May 16, 2019Aug 19, 2019Nov 18, 2019Mar 4, 2020May 14, 2020Aug 19, 2020Nov 24, 2020Mar 23, 2021May 25, 2021Aug 24, 2021Nov 18, 2021Mar 30, 2022May 24, 2022Aug 30, 2022Nov 22, 2022Mar 21, 2023May 24, 2023Aug 23, 2023Nov 15, 2023Mar 27, 2024May 29, 2024Aug 27, 2024Nov 20, 2024Mar 12, 2025May 28, 2025Aug 21, 2025Nov 20, 2025Mar 24, 2026May 26, 2026Aug 18, 2026Nov 19, 2026
EPS Estimate0.030.350.560.620.690.600.670.130.770.520.450.480.620.580.490.270.130.100.10-0.83-0.13-0.60-0.97-0.93-0.70-0.74-0.78-0.75-0.06-0.040.070.680.21-0.12-0.180.410.03-0.26-0.171.48-0.37-0.28-0.25-1.41-0.13-0.04-0.58-3.07-0.48-0.28-0.14-1.290.24-0.050.230.030.090.110.09-0.30-0.17-0.06-0.02
EPS Actual0.060.390.960.760.760.700.870.110.490.300.480.600.500.300.24-0.190.12-0.120.12-0.46-0.84-1.14-0.12-0.48-0.72-0.78-0.600.48-0.87-0.69-0.14-0.930.14-0.68-0.510.40-0.92-0.260.47-7.68-0.290.070.02-0.180.580.07-2.88-0.420.50-1.51-0.20-15.88-0.280.181.12-0.01-0.14-0.04-1.131.05-8.16-0.06-
Surprise100.00%11.43%71.43%22.58%10.14%16.67%29.85%-15.38%-36.36%-42.31%6.67%25.00%-19.35%-48.28%-51.02%-170.37%-7.69%-220.00%20.00%44.58%-546.15%-90.00%87.63%48.39%-2.86%-5.41%23.08%164.00%-1350.00%-1625.00%-300.00%-236.76%-33.33%-466.67%-183.33%-2.44%-3166.67%0.00%376.47%-618.92%21.62%125.00%108.00%87.23%546.15%275.00%-396.55%86.32%204.17%-439.29%-42.86%-1131.01%-216.67%460.00%386.96%-133.33%-255.56%-136.36%-1355.56%447.02%-4700.00%0.00%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.89B
Enterprise Value5.54B
Trailing P/E0.00
Forward P/E11.56
PEG Ratio0.45
Price / Sales0.18
Price / Book3.24
EPS-1.27
Book Value2.13
Revenue (TTM)10.74B
Gross Profit (TTM)2.20B
EBITDA3.28B
Profit Margin-6.24%
Operating Margin8.25%
Return on Equity-4.70%
Return on Assets1.17%
Shares Outstanding279.56M
Shares Float139.68M
Beta0.28
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 13 analystsTarget 13.61
  • Strong Buy
    7
  • Buy
    5
  • Hold
    1

Ownership Breakdown

Institutions
45.73%
Insiders
0.00%
Retail / Other
54.27%

Top Institutional Holders

  • Point72 Asset Management, L.P.
    16.11M5.66%
  • Triata Capital Limited
    11.76M4.13%
  • Blackstone Inc
    10.40M3.65%
  • Millennium Management LLC
    8.77M3.08%
  • NORGES BANK
    8.53M3.00%
  • Morgan Stanley - Brokerage Accounts
    7.09M2.49%
  • Balyasny Asset Management LLC
    6.79M2.39%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    5.86M2.06%
  • UBS Group AG
    5.74M2.02%
  • Infini Capital Management Ltd
    4.84M1.70%
  • The Goldman Sachs Group Inc
    4.70M1.65%
  • Oasis Management Co. Ltd
    4.62M1.62%
  • BlackRock Inc
    3.57M1.25%
  • D. E. Shaw & Co LP
    3.53M1.24%
  • Temasek Holdings Ltd.
    3.53M1.24%
  • Pinpoint Asset Management (Singapore) Pte. Ltd.
    3.37M1.18%
  • Tiger Pacific Capital LP
    2.91M1.02%

Top Fund Holders

  • Global X Data Center & Dgtl Infrs ETF
    9.02M3.16%
  • KraneShares CSI China Internet ETF
    5.89M2.06%
  • Jupiter Merian Glb Eq Abs Rt I USD Acc
    5.42M1.90%