Detail akcie 21Vianet Group Depository Receipt online

Business Summary: VNET Group Inc is a holding company principally engaged in providing carrier-neutral and cloud-neutral data center service. The Company’s services include managed hosting services, cloud services and virtual private network (VPN) services. Managed hosting services consisting of managed retail services and managed wholesale services. Cloud services allow customers to run their applications over the Internet using the information technology (IT) infrastructure. VPN services extend customers’ private networks by setting up secure and dedicated connections through the public Internet. The Company mainly operates its businesses in the domestic market.
Financial Summary: BRIEF: For the three months ended 31 March 2026, VNET Group Inc - ADR revenues increased 20% to RMB2.69B. Net loss applicable to common stockholders increased from RMB237.6M to RMB2.23B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Interest expense increase from RMB100.7M to RMB221M (expense), Allowance for doubtful debt increase from RMB30.6M to RMB78.5M (expense).