2021-11-24-SEC-世纪互联2021Q3财报_11页_1mb

VNET Group, Inc. reported its unaudited third-quarter 2021 financial results, showing strong growth driven by increased demand for its Internet data center services. Net revenues reached $242.2 million, up 25.3% year-over-year from $200.0 million in Q3 2020. Adjusted cash gross profit improved 28.2% to $104.7 million, with a margin of 43.2%. Adjusted EBITDA increased 22.2% to $69.9 million. Total managed cabinets grew to 65,264, with retail IDC MRR at $9,296 per cabinet. Mature data center utilization was 75.5%, while newer ones were at 34.7%. Management highlighted its dual-core growth strategy, and the company expects Q4 net revenues between $1.75 billion and $1.77 billion, with full-year 2021 net revenues projected between $6.19 billion and $6.21 billion.