Data Center Operator GDS Holdings Surpasses Q3 Revenue Estimates, But Shares Drop Amid CapEx Revision
Data Center Operator GDS Holdings Surpasses Q3 Revenue Estimates, But Shares Drop Amid CapEx Revision
As of September-end, the total area committed and pre-committed increased by 20.2% Y/Y to 785,692 sqm, while the area in service grew by 16.8% Y/Y to 647,468 sqm.GDS Holdings Limited (NASDAQ:GDS) shares are trading lower after its third-quarter results.
萬國數據有限公司（納斯達克：GDS）的股票在第三季度業績發佈後交易下跌。
Net revenue increased 17.7% year over year to $422.6 million, beating the consensus of $415.42 million. The increase was mainly due to the ongoing ramp-up of the data centers and business growth.
淨營業收入同比增長17.7%，達到42260萬美元，超過了市場共識的41542萬美元。增長主要歸因於數據中心的持續擴張和業務增長。
Adjusted gross profit was $214.1 million, an increase of 20.4% Y/Y, and the margin was 50.7%, compared with 49.5% a year ago.
調整後的毛利潤爲21410萬美元，同比增長20.4%，毛利率爲50.7%，相比去年同期的49.5%有所上升。
As of September-end, the total area committed and pre-committed increased by 20.2% Y/Y to 785,692 sqm, while the area in service grew by 16.8% Y/Y to 647,468 sqm.
截至9月底，已承諾和預承諾的總面積同比增長20.2%，達到785,692平方米，而在用面積同比增長16.8%，達到647,468平方米。
The commitment rate for the area in service was 92.7%, up from 91.9% in the previous year.
在用面積的承諾率爲92.7%，高於去年91.9%的水平。
The area under construction expanded to 234,741 sqm (from 189,585 sqm), with a pre-commitment rate rising to 79.2% from 76.1% in the prior year quarter.
在施工面積擴展至234,741平方米（較189,585平方米增加），預承諾率從去年的76.1%上升至79.2%。
Additionally, the area utilized grew by 20.9% Y/Y to 481,819 sqm, with a utilization rate of 74.4%, up from 71.9% a year earlier.
此外，已使用面積同比增長20.9%，達到481,819平方米，利用率爲74.4%，高於去年71.9%。
Adjusted EBITDA rose 15.0% Y/Y to $184.6 million, with margin declining to 43.7% from 44.7% a year ago.
調整後的息稅折舊攤銷前利潤（EBITDA）同比增長15.0%，達到18460萬美元，利潤率從去年的44.7%降至43.7%。
As of September 30, the cash balance was $1.34 billion. Loss per ADS of 16 cents topped the consensus loss of 21 cents.
截至9月30日，現金餘額爲13.4億元。每股存託憑證虧損16美分，超過了市場共識的21美分虧損。
William Huang, Chairman and CEO, said, "In China, the accelerated move-in trend continued, as we executed our strategy of delivering the backlog while being selective on new orders. Internationally, our recent equity raise is a major step forward, and positions us well to capture the tremendous opportunities for growth in the international markets."
董事長兼首席執行官William Huang表示："在中國，入住趨勢加速持續，我們執行了交付積壓訂單的策略，同時對新訂單保持選擇性。國際上，我們最近的股權融資是向前邁出的重要一步，使我們能夠很好地把握國際市場的巨大增長機會。"
Dan Newman, Chief Financial Officer, added, "The US$1 billion equity raise for GDSI will support our ambitious international expansion plans, further affirming the underlying value GDSI brings to our shareholders."
首席財務官Dan Newman補充道："爲GDSI籌集的10億美元股權融資將支持我們雄心勃勃的國際擴張計劃，進一步確認了GDSI爲我們的股東帶來的潛在價值。"
2024 Outlook: GDS reaffirmed its guidance of total revenues of RMB 11.34 billion – RMB 11.76 billion in 2024 and Adjusted EBITDA of RMB 4.95 billion – RMB 5.15 billion.
2024年展望：GDS重申其2024年總營業收入指導爲人民幣113.4億元至人民幣117.6億元，調整後EBITDA爲人民幣49.5億元至人民幣51.5億元。
The company revised the capital expenditure outlook to RMB 11.00 billion from RMB 6.50 billion earlier.
公司將資本支出前景從早前的人民幣65億元修改爲人民幣110億元。
Investors can gain exposure to the stock via Pacer Data & Infrastructure Real Estate ETF (NYSE:SRVR) and Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR).
投資者可以通過Pacer Data & Infrastructure房地產業etf（紐交所：SRVR）和Global X數據中心&數字基礎設施etf（納斯達克：DTCR）來獲取該股票的曝光。
Price Action: GDS shares are down 10.33% at $21.08 at the last check Tuesday.
價格行動：截至週二最後檢查，GDS股價下跌10.33%，報21.08美元。
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譯文內容由第三人軟體翻譯。
