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Chindata Group Holdings Limited (Nasdaq: CD) is a prominent provider of carrier-neutral hyperscale data center solutions tailored for the Asia-Pacific emerging markets, including China, India, and Southeast Asia. Founded in 2015 and headquartered in Beijing, China, Chindata is recognized for its comprehensive services that span the entire lifecycle of data center operations—from facility planning and design to construction and management.
Chindata delivers a wide array of services including colocation, managed services, energy procurement and transmission, and IT and network services. The company operates under two key sub-brands: Chindata and Bridge Data Centres. The former focuses on hyper-density IT cluster infrastructures in China's major economic areas like the Greater Beijing Area, the Yangtze River Delta, and the Greater Bay Area. Bridge Data Centres, on the other hand, provide rapidly deployable data center clusters in Malaysia and India, with potential expansions in other Asia-Pacific emerging markets.
In recent developments, Chindata announced a significant Merger Agreement with BCPE Chivalry Bidco Limited, aiming to become a wholly owned subsidiary in a $3.16 billion deal. This move is expected to make the company privately held, ending its NASDAQ listing.
Chindata also launched innovative full-stack solutions designed to address power and cooling challenges in the era of Artificial Intelligence Generated Content (AIGC). These solutions include the X-PrePower 3.0 for power efficiency and the X-Cooling Maglev Two-phase Cooling System for effective heat management. The company continues to pioneer in energy efficiency, achieving an average annual operating PUE of 1.21, significantly lower than the industry's global average of 1.55.
Financially, Chindata has shown robust growth. For the second quarter of 2023, the company reported a revenue of RMB 1,553.8 million, marking a 49.7% year-over-year increase. Adjusted EBITDA was RMB 816.1 million, up by 49.9% year-over-year, with a net income of RMB 219.2 million.
Chindata's commitment to innovation and operational excellence was recently recognized as it won the Best Data Center Service Provider and Best Data Center/Edge Service Innovation awards at the prestigious 2023 Global Carrier Awards in London. These accolades underscore Chindata's leadership in data center services and its forward-thinking approach to technological advancements.
As Chindata continues to expand its footprint across Asia-Pacific, the company remains focused on providing state-of-the-art solutions that meet the computational and energy needs of modern businesses, driving the digital economy forward.
Chindata Group (Nasdaq: CD) announced its Q4 and full fiscal year financial results for 2022, highlighting a remarkable 60% annual revenue growth to 4.55 billion yuan and a net profit increase of 106% to 652 million yuan. The company's adjusted EBITDA grew by 67% to 2.37 billion yuan. Q4 revenue reached 1.39 billion yuan, marking a 78% year-on-year increase. Chindata set optimistic guidance for 2023, predicting revenue between 5.88 billion and 6.08 billion yuan, implying 31.4% growth at midpoint. The firm has expanded its data center capacity to 871MW, a 29.4% increase compared to the previous year.
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