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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 Holdings Limited (Nasdaq: CD) reported strong third-quarter 2022 results, with revenue increasing by 62.4% year-over-year to RMB1,202.7 million. Net income rose by 207.4% to RMB241.0 million, achieving a 20.0% net income margin. Adjusted EBITDA surged 66.8% to RMB614.5 million, maintaining a margin of 51.1%. The company also raised its full-year revenue guidance to between RMB4.33 billion and RMB4.43 billion, reflecting sustained demand and operational growth.
Chindata Group Holdings Limited (Nasdaq: CD) is set to announce its unaudited Q3 2022 financial results on November 22, 2022, before markets open. A conference call will occur at 7:00 A.M. ET on the same day to discuss these results. Interested participants must register online to obtain access details for the call. Chindata Group is recognized as a leading carrier-neutral hyperscale data center provider in the Asia-Pacific region, focusing on comprehensive lifecycle solutions for facility planning, investment, design, construction, and operational ecosystem infrastructure.
Chindata Group Holdings Limited (Nasdaq: CD) reported strong financial results for Q2 2022, with revenue of RMB 1,038.1 million, a 51.2% YoY increase, and net income surged by 206.3% YoY to RMB 199.6 million. Adjusted EBITDA rose 60.8% YoY to RMB 544.3 million, marking the eighth consecutive quarter of positive results. The company’s IT capacity grew to 776MW, bolstered by ongoing projects under China's
Chindata Group (Nasdaq: CD) reported strong financial results for Q2 2022, with revenues rising 51.2% YoY to RMB1,038.1 million and net income increasing 206.3% YoY to RMB199.6 million. The company achieved an adjusted EBITDA of RMB544.3 million, up 60.8% YoY, and an adjusted EBITDA margin of 52.4%. Total capacity reached 776MW, a 34.3% YoY increase, and utilized capacity grew 59.6% YoY to 401MW. A $500 million syndicated loan was successfully closed, reaffirming a BBB- credit rating. Full-year revenue guidance indicates a growth of 44.8-48.3%.
On July 29, 2022, Chindata Group unveiled 'X-Cooling,' the world's first waterless cooling technology, in partnership with Vertiv Technology at the China Computing Conference. This innovative solution achieves zero Water Use Efficiency (WUE) and aims to enhance sustainability in data center operations. It utilizes advanced software and hardware coordination to optimize cooling, potentially saving 1.2 million tons of water annually for a 100MW data center. The technology addresses the growing demand for efficient cooling solutions in an increasingly digital world.
Chindata Group Holdings Limited (Nasdaq: CD) plans to release its unaudited Q2 2022 financial results on August 25, 2022, before the market opens. A conference call will be held at 8:00 A.M. U.S. Eastern Time to discuss the results. Participants must register via a link to receive dial-in numbers and a unique access PIN. Chindata Group is a leading provider of hyperscale data center solutions in the Asia-Pacific region, focusing on facility planning, investment, design, construction, and operation.
Chindata Group Holdings Limited (Nasdaq: CD) announced the successful closure of a $500 million syndicated loan on June 24, 2022. The facility has a 3-year term, with an option for a 2-year extension. This financing, arranged by Credit Suisse and Morgan Stanley, aims to enhance the company's capital structure and support project development. CFO Nick Wang emphasized the significance of this achievement amid volatile market conditions, reflecting the company's strong fundamentals and its commitment to healthy business momentum.
Chindata Group (Nasdaq:CD) reported strong Q1 2022 results with revenues of RMB920 million, a 43.1% year-on-year increase. Adjusted EBITDA rose by 60.7% to RMB490 million, and net income was RMB90 million. The company increased its 2022 revenue guidance to RMB4,130 million-4,230 million and EBITDA guidance to RMB2,100 million-2,180 million. Total data center capacity reached 704MW, with significant expansion in Malaysia and Thailand. Chindata continues to excel amid COVID-19, achieving a healthy client commitment of 88%.
BCI Group, a leading zero-carbon infrastructure service provider in China, has launched the country's first Super Energy Complex solution. This initiative aims to enhance the carbon reduction capacity of the digital industry through integrated power management. Alex Ju, the founder and CEO, previously led Chindata (CD) and aims to transition the Super Energy Complex from concept to a functional IT infrastructure platform. BCI Group plans to facilitate a zero-carbon transformation in China's Greater Beijing Area, focusing on renewable storage and industrial park development.
Chindata Group Holdings Limited (Nasdaq: CD) reported strong financial results for Q1 2022, with revenue up 43.1% YoY to RMB920.6 million and net income rising 62.5% YoY to RMB94.6 million. Adjusted EBITDA surged 60.7% YoY to RMB494.5 million, marking a record high margin of 53.7%. The company's total capacity reached 704MW, a 43.4% YoY increase. Chindata also finalized a $500 million syndicated loan to support growth initiatives and raised its 2022 revenue and EBITDA guidance by RMB60 million, reflecting positive business momentum despite macro challenges.
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