Gds Holdings Limited Stock Price, News & Analysis

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) will hold its 2022 Annual General Meeting (AGM) on June 30, 2022, at 4:00 p.m. China Standard Time in Shanghai. Shareholders who owned ordinary shares or Series A convertible preferred shares before June 1, 2022, are eligible to vote. For those with American Depositary Shares (ADSs), voting rights must be exercised via JPMorgan Chase Bank. The company has filed its annual report for the fiscal year ending December 31, 2021, with the SEC, available on its website and the SEC's site. GDS is a prominent data center operator in China.

GDS Holdings reported a 31.5% year-over-year increase in net revenue, reaching RMB2,243.6 million (US$353.9 million) for Q1 2022. However, net loss rose to RMB373.3 million from RMB278.7 million in Q1 2021. Adjusted EBITDA increased by 28.5% to RMB1,051.2 million (US$165.8 million), with a margin of 46.9%. Total area committed grew by 24.5% to 575,009 sqm, while the commitment rate for area in service improved to 95.3%. Despite increased revenues, the company faces challenges with rising utility costs and a decrease in gross profit margin.

GDS Holdings Limited (GDS), a leading data center operator in China, has announced its first quarter 2022 unaudited financial results will be reported on May 18, 2022, after the U.S. market closes. An earnings call is scheduled for the same day at 8:00 PM ET. Participants can access the call via several international numbers, including +1-833-239-5565 for the U.S. The company boasts a strong track record in high-performance data center services, catering primarily to hyperscale cloud providers and large corporations.

GDS Holdings filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 28, 2022. The report is available on both the company's investor relations website and the SEC's site. GDS, a leading provider of data centers in China, operates high-performance facilities in major economic hubs, catering to hyperscale cloud providers, large internet companies, and financial institutions. The firm emphasizes its carrier-neutral operations and robust service offerings, including co-location and managed services.

YTL Power and GDS Holdings Limited have partnered to co-develop 168MW of data center capacity across 8 facilities at the YTL Green Data Center Park in Johor, Malaysia, set to start service in 2024. This project, the first of its kind in Malaysia powered by renewable energy, aims to meet rising regional demand for sustainable data solutions. The park will eventually feature a total capacity of 500MW, alongside solar power generation. GDS's role complements its other projects in Southeast Asia, enhancing low-latency connectivity for hyperscale customers.

GDS Holdings (NASDAQ: GDS) reported its fourth quarter and full year 2021 financial results, revealing a 34.1% year-over-year increase in net revenue to RMB2,187.4 million (US$343.2 million) for Q4. The full year net revenue rose by 36.2% to RMB7,818.7 million (US$1,226.9 million). Despite these gains, the company recorded a net loss of RMB312.9 million (US$49.1 million) in Q4 2021, compared to a loss of RMB271.5 million in the same period the previous year. Adjusted EBITDA for Q4 2021 was RMB1,027.4 million (US$161.2 million), with a margin of 47.0%. GDS anticipates continued growth, projecting revenue between RMB9,320 million to RMB9,680 million for 2022.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698), a leading data center developer in China, will report its fourth quarter and full year 2021 unaudited financial results on March 22, 2022, after the Hong Kong market closes. An earnings conference call will occur at 8:00 AM U.S. Eastern Time on the same day. The Company operates high-performance data centers across China's primary economic hubs, providing co-location and managed services to major cloud and internet companies. Details for dial-in and replay access to the conference call are provided in the release.

GDS Holdings Limited (NASDAQ: GDS) has announced the sale of $620 million in 0.25% convertible senior notes due 2029 to several investors, including Sequoia China Infrastructure Fund I. The notes are set to mature around March 8, 2022, with a conversion price of $50 per American Depositary Share, representing a 20% premium over recent trading prices. Proceeds will be used for developing new data centers and general corporate purposes. The transaction is expected to close following customary approvals.