BEIJING, September 1, 2023 /PRNewswire/ — Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading provider of carrier-neutral hyperscale data center solutions in the markets emerging markets in the Asia-Pacific region, announced its unaudited financial report for the second quarter of 2023 on August 31, 2023.
The report shows a turnover of 1,553.8 million RMBrepresenting growth of 49.7% year-on-year (“y-o-y”), with adjusted EBITDA of 816.1 million RMB, marking an annual growth of 49.9%. Adjusted EBITDA profit margin was 52.5% and net income was 219.2 million RMB, which represents an increase of 9.8% over one year. Return on invested capital (ROIC) before tax also increased to 19.3%. Overall, for the first half of 2023, the cumulative revenue of Chindata was 2,997.3 million RMB, showing a massive 53.0% year-over-year jump. Adjusted EBITDA was RMB 1,629.9 million, a year-on-year jump of 56.9%, while net profit increased by 56.9%. 472.2 million RMBwhich represents an impressive year-over-year increase of 60.5%.
Double concentration Strategy covering national and international markets
Chindata’s business structure also focuses on domestic growth in China and internationally but is experiencing rapid acceleration in the development of its activity in Malaysia And India, among other countries. This development is part of the new generation of computing power infrastructures and perfectly positions the Company to meet the potential needs of the digital economy in China And Asia Pacific Emerging Markets.
Of the June 30, 2023, Chindata had a total of 35 data centers in operation or under construction worldwide, with a total computing capacity of 945 MW. Among them, the in-service capacity reached 730 MW and showed a quarterly increase of 91 MW, with the used capacity reaching 585 MW and achieving a quarterly increase of 48 MW.
Chindata’s international in-service capacity reached 117 MW, 5.85 times that of the same period last year, with capacity increasing six-fold year-on-year to 84 MW. The growth in ultra-high speed is mainly due to the fact that over the past year, four of Chindata’s hyperscale data centers in Malaysia And India were brought into service, with the overall rate of international used capacity increasing rapidly to 72%. These figures clearly prove that the Company has entered a new period of growth both internationally and nationally.
Chindata meets the growing personalized needs of customers by creating hyperscale, fast-delivery and easily scalable IT infrastructure solutions, thereby gaining customer trust and expanding its competitive advantage. The commitment ratio remained strong and healthy for the Company’s asset portfolio. Contracted and IOI capacity reached 850 MW, representing 90% of total capacity at the end of Q2 2023 and 16 data centers achieved over 90% utilized availability, virtually ensuring high certainty growth at the end of 2023. ‘advance.
Unveil Pioneering Full-Stack Data Center Solutions to Seize More Opportunities in the AIGC Era
At the end of the second quarter of 2023, Chindata completed iterative upgrades of a cold plate liquid cooling system for large-scale deployment of high-density cabinets from 20 kW to 30 kW and above, reducing annual energy efficiency (PUE) at 1.15. During this quarter, Chindata’s cumulative deployment scale of high-density cabinets of 20 kW and above reached approximately 40 MW, establishing a solid foundation for supporting the development and implementation of commercial models. artificial intelligence at scale for valuable customers. Additionally, in August this year, Chindata published a pioneering study full-stack solution for hyperscale data centers in the AIGC erasolving power and cooling problems for GPU or CPU servers with high computing power.
At the same time, Chindata is fully committed to zero carbon goals and integrates green concepts into the entire life cycle of site selection, planning, design, construction and operation. data center, and continues to meet its carbon reduction goals with its annual operating PUE, standard efficiency. metric for power consumption in data centers, reaching 1.21, significantly better than the industry average.
Mr. Huapeng Wu, CEO of Chindata Group, commented: “In the second quarter of 2023, Chindata continued to maintain vigorous growth momentum. We have deeply participated in the digital economic development of China and the Asia Pacific emerging markets, building two major growth engines at home and abroad, and the capacity in operation and used in the overseas market reached more than 5 times that of the same period last year. At the same time, we have gradually accumulated technological innovation, supported sustainable growth through technology, and promoted high-quality enterprise upgrading. As of the end of the second quarter of 2023, the number of patents obtained and filed by the group reached 493, 1.37 times that of the same period last year. We have successfully developed a systematic and comprehensive AI-generated content data center (“AIGC”) solution, seizing the new opportunities brought by the new round of technological revolution in the industry. »
About Chindata Group
Chindata Group is a leading provider of neutral hyperscale data center solutions in emerging markets in the Asia Pacific region and one of the first players in building next generation hyperscale data centers in the markets of China, India and Southeast Asia, focusing on the entire life cycle of facility planning, investment, design, construction and operation of ecosystem infrastructure in the IT industry. Chindata Group provides customers with business solutions in major countries and regions in Asia-Pacific emerging markets, including asset-rich ecosystem chain services such as industrial bases, data centers, networks and services value-added IT.
Show original content:https://www.prnewswire.com/apac/news-releases/chindata-reveals-impressive-revenue-leap-of-49-7-in-its-unaudited-q2-2023-financial-report-301915856.html
SOURCE Chindata Group
