世纪互联VNET Group, Inc.（VNET）2025年第一季度未经审计的财务业绩报告（英文版）（11页）.pdf

1、 1 VNET Reports Unaudited First Quarter 2025 Financial Results BEIJING,May 28,2025/PRNewswire/-VNET Group,Inc.(Nasdaq:VNET)(“VNET”or the“Company”),a leading carrier-and cloud-neutral internet data center services provider in China,today announced its unaudited financial results for the first quarter

2、 ended March 31,2025.“We kicked off 2025 with a strong first quarter thanks to excellent execution of our effective dual-core strategy,”said Josh Sheng Chen,Founder,Executive Chairperson and interim Chief Executive Officer of VNET.“Our wholesale IDC business recorded another impressive performance,m

3、arked by our robust deliveries and customers fast move-in pace.As of March 31,2025,our wholesale capacity in service increased by 88MW quarter over quarter to 573MW.Wholesale capacity utilized increased by a record high of 84MW quarter over quarter to 437MW.We continued to win quality wholesale and

4、retail orders in the first quarter,including the 119MW of wholesale orders we disclosed last quarter,along with a 6MW wholesale order from an intelligent driving customer and a total of 4MW in retail orders from customers in internet,finance,local services,intelligent driving,and gaming across multi

5、ple retail data centers.Going forward,we will continue leveraging our high-performance data center network,reliable solutions,and outstanding delivery capabilities to address customers needs and meet their rising demand,driving growth and advancing the development of Chinas digital economy.”Qiyu Wan

6、g,Chief Financial Officer of VNET,commented,“The solid start of the year 2025 was characterized by vibrant growth and a significantly enhanced margin.In the first quarter,our total net revenues rose 18.3%year over year to RMB2.25 billion,driven by wholesale revenues strong year-over-year growth of 8