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GDS-SW Opens Down 8%; 1Q Adj. EBITDA Up 47.2%; RMB30-50B Capex Planned Over Next 3 Yrs
Recommend 14 Positive 19 Negative 18 |
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GDS-SW (09698.HK) opened 8.1% lower this morning (21st) at HK$36.36, with 293,800 shares traded in pre-market trading, amounting to HK$10.683 million. GDS Holdings Limited (GDS.US) ADR closed down 9.3% overnight (20th) at US$36.66. GDS Holdings Limited's 1Q net revenue grew by 23.6% YoY to RMB3.367 billion, while adjusted EBITDA under non-GAAP added by 47.2% to RMB1.949 billion. The adjusted EBITDA margin stood at 57.9%, up 9.3 ppts YoY. GDS Chairman and CEO William Huang stated that the company started 2026 with strong sales, with net new orders reaching approximately 200MW in 1Q, setting a new quarterly record. He indicated that, based on its three-year business plan, GDS aims to add 500-800MW of contracted capacity annually, with the actual scale potentially being even higher. To deliver this capacity, the company plans to invest RMB30-50 billion in new capital expenditure over the next three years. AASTOCKS Financial News |
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