GDS Holdings Limited reports developments tied to its high-performance data center business in China and its securities listed on Nasdaq and HKEX. News commonly covers unaudited quarterly and annual results, Form 20-F filing announcements, earnings-call schedules, and data center demand from hyperscale cloud providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and enterprise customers.
Company updates also include shareholder meetings, amendments to articles of association, preferred-share and ordinary-share voting matters, capital-structure actions, and its minority equity interest in DayOne Data Centers Limited, a Singapore-headquartered hyperscale data center platform.
GDS Holdings will hold its 2024 Annual General Meeting (AGM) on June 27, 2024, at 4:00 p.m. China Standard Time in Singapore. Shareholders of record as of June 5, 2024, are entitled to vote. Holders of American Depositary Shares (ADSs) must instruct JPMorgan Chase Bank to vote on their behalf. The AGM will address various resolutions requiring shareholder approval, detailed in the notice available on the company’s website and major financial regulatory websites. GDS has also filed its annual report for the fiscal year ending December 31, 2023, accessible on their website and the SEC’s website.
GDS Holdings , a major data center developer in China and SE Asia, reported its Q1 2024 results. Net revenue rose 9.1% YoY to RMB2,627.4 million (US$363.9 million). Net loss was RMB344.9 million (US$47.8 million), down from RMB474.6 million YoY. Adjusted EBITDA grew 4.7% YoY to RMB1,183.4 million (US$163.9 million), with a margin of 45.0%. Operating highlights showed a 5.4% increase in total area committed to 668,012 sqm and a 12.5% increase in area in service to 583,229 sqm. Key developments include an upsized private equity raise to US$672 million for GDSI. The company reaffirmed its 2024 financial guidance.
GDS Holdings will report its first quarter 2024 financial results on May 22, 2024, after the close of the Hong Kong market and before the U.S. market opens. The earnings conference call will be held at 8:00 AM U.S. Eastern Time. Online registration is required to participate in the call.
GDS Holdings filed its 2023 annual report on Form 20-F with the SEC, showcasing its operational and financial performance for the fiscal year ended December 31, 2023. The report can be accessed on the Company's investor relations website and the SEC's website. Shareholders and ADS holders can request hardcopies of the report for free.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.