世纪互联VNET Group, Inc.（VNET）2025年第三季度未经审计财务业绩报告（英文版）（11页）.pdf

1、 1 VNET Reports Unaudited Third Quarter 2025 Financial Results BEIJING,November 20,2025/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 third qu

2、arter ended September 30,2025.“We delivered another strong quarter,demonstrating our strategys effectiveness in capturing opportunities,”said Josh Sheng Chen,Founder,Executive Chairperson and interim Chief Executive Officer of VNET.“Our wholesale IDC business sustained its robust growth trajectory i

3、n the third quarter,driven by our rapid delivery capabilities and customers fast move-in pace.Order momentum remained solid,underscored by three new wholesale orders totaling 63MW and a combined capacity of approximately 2MW in retail orders from customers in various industries.This upward trend acc

4、elerated as we entered the fourth quarter,bolstered by a 32MW wholesale order from another customer in the internet sector.As a pioneer in AIDC development,we are uniquely positioned to capitalize on the accelerating AI-driven demand.We will continue to execute our effective dual-core strategy and a

5、dvance our Hyperscale 2.0 framework,seizing opportunities to further unleash our growth potential in the AI era.”Qiyu Wang,Chief Financial Officer of VNET,commented,“This quarters robust growth and enhanced profitability are yet another testament to our high-quality growth strategy.Our total net rev

6、enues rose 21.7%year over year to RMB2.58 billion,driven by significant wholesale revenue growth of 82.7%year over year.Adjusted EBITDA also increased by 27.5%year over year to RMB758.3 million,with an adjusted EBITDA margin of 29.4%,up 1.3 percentage points year over year.Building on the raised gui