Earnings Call Summary | 21Vianet(VNET.US) Q4 2023 Earnings Conference
Earnings Call Summary | 21Vianet(VNET.US) Q4 2023 Earnings Conference
The following is a summary of the VNET Group, Inc. (VNET) Q4 2023 Earnings Call Transcript:
Financial Performance:
VNET Group reported Q4 net revenues of RMB 1.9 billion, signifying a 0.9% YoY increase. Full-year net revenues also saw growth with a 4.9% increase, reaching RMB 7.41 billion.
The company's adjusted EBITDA for Q4 was RMB 440.2 million reflecting a 3.8% YoY rise, while the full year expanded by 8.9% to RMB 2.04 billion.
VNET ended 2023 with RMB 5.46 billion held in cash and cash equivalents, restricted cash, and short-term investments.
The group saw a 70% YoY increase in their wholesale business revenue accounting for 20% of their IDC revenue.
Business Progress:
In keeping with VNET's dual-core growth agenda, the company built an additional 8,321 cabinets throughout the year, which increased the total cabinets under management to 93,600.
They reported a jump in their overall utilization rate, to 59% up from 55% YoY, along with an increase in utilized cabinets in Q4 by 2,827.
VNET Group secured a 50 megawatts project with a leading cloud service provider, planned to be completed in 2024.
The company expects to experience growing AI-driven demand from various sectors as it aims for renewable energy-driven growth in partnership with Shandong Hi-Speed Holdings Group.
VNET plans to devote all its high power density infrastructure in 2024 to their wholesale customer base.
More details: 21Vianet IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the VNET Group, Inc. (VNET) Q4 2023 Earnings Call Transcript:
以下是 VNET 集團有限公司 (VNET) 2023 年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
VNET Group reported Q4 net revenues of RMB 1.9 billion, signifying a 0.9% YoY increase. Full-year net revenues also saw growth with a 4.9% increase, reaching RMB 7.41 billion.
The company's adjusted EBITDA for Q4 was RMB 440.2 million reflecting a 3.8% YoY rise, while the full year expanded by 8.9% to RMB 2.04 billion.
VNET ended 2023 with RMB 5.46 billion held in cash and cash equivalents, restricted cash, and short-term investments.
The group saw a 70% YoY increase in their wholesale business revenue accounting for 20% of their IDC revenue.
VNET集團公佈的第四季度淨收入爲人民幣19億元，同比增長0.9％。全年淨收入也增長了4.9％，達到74.1億元人民幣。
該公司第四季度調整後的息稅折舊攤銷前利潤爲4.402億元人民幣，同比增長3.8％，而全年增長8.9％至20.4億元人民幣。
截至2023年，VNET持有54.6億元人民幣的現金及現金等價物、限制性現金和短期投資。
該集團的批發業務收入同比增長70％，佔其IDC收入的20％。
Business Progress:
業務進展：
In keeping with VNET's dual-core growth agenda, the company built an additional 8,321 cabinets throughout the year, which increased the total cabinets under management to 93,600.
They reported a jump in their overall utilization rate, to 59% up from 55% YoY, along with an increase in utilized cabinets in Q4 by 2,827.
VNET Group secured a 50 megawatts project with a leading cloud service provider, planned to be completed in 2024.
The company expects to experience growing AI-driven demand from various sectors as it aims for renewable energy-driven growth in partnership with Shandong Hi-Speed Holdings Group.
VNET plans to devote all its high power density infrastructure in 2024 to their wholesale customer base.
爲了與VNET的雙核增長議程保持一致，該公司全年增加了8,321個機櫃，使管理的機櫃總數增加到93,600個。
他們報告稱，其總體利用率從同比55％上升至59％，第四季度的二手機櫃數量增加了2827個。
VNET 集團與一家領先的雲服務提供商簽訂了一個 50 兆瓦的項目，該項目計劃於 2024 年完成。
該公司的目標是與山東高速控股集團合作，實現可再生能源驅動的增長，因此預計各行各業的人工智能驅動需求將不斷增長。
VNET 計劃在 2024 年將其所有高功率密度基礎設施用於其批發客戶群。
More details: 21Vianet IR
更多詳情： 21Vianet 紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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