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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) participated in the Make Climate Action Everyone's Business Forum at COP26, sharing its zero-carbon initiatives for digital infrastructure in Asia-Pacific. Zoe Zhuang, the company’s VP, outlined their roadmap for carbon neutrality, encompassing carbon offsetting, sustainable supply chains, and clean energy collaboration. Notably, Chindata Group accounted for just 0.014% of China's power consumption in 2020, setting best practices for the Asia-Pacific digital economy. The forum gathered over 10,000 participants globally to address climate change and promote rapid decarbonization efforts.
Chindata Group (Nasdaq: CD) will release its unaudited third quarter 2021 financial results on November 24, 2021, before market opening. A conference call is scheduled for 7:00 A.M. EST on the same day to discuss these results. Participants must register online to obtain details for access. Chindata Group is a leading carrier-neutral hyperscale data center provider in Asia-Pacific, focusing on lifecycle management of IT infrastructure. The company operates under two sub-brands, Chindata and Bridge Data Centres, with a presence in key economic areas.
On October 28, 2021, Alex Ju, CEO of Chindata Group (NASDAQ: CD), engaged in a strategic dialogue with Helen Clarkson, CEO of the Climate Group, focusing on the vital role of digital infrastructure in global growth and carbon emission reduction. Chindata Group was acknowledged for joining the RE100 initiative and its commitment to zero-carbon computing. Mr. Ju outlined progress in carbon neutrality and green power initiatives, such as procuring 540.2 million kWh of green power, reducing approximately 509,000 metric tons of CO2. The partnership aims to enhance technological innovation and sustainable energy solutions in Asia-Pacific markets.
On September 22, 2021, Chindata Group joined the RE100 initiative, pledging to achieve 100% renewable energy for its global data centers by 2040. This milestone coincides with China's commitment to peak emissions by 2030 and attain carbon neutrality by 2060. The company aims for net zero carbon emissions through innovative green power consumption solutions and is aligned with the UN's Sustainable Development Goals. CEO Alex Ju will judge the RE100 Leadership Awards, highlighting efforts in renewable electricity transition.
Chindata Group (Nasdaq: CD) participated in China's first nationwide green power transaction, procuring 100 million kWh, amounting to 1.26% of the total transaction volume of 7.935 billion kWh. This initiative is expected to reduce greenhouse gas emissions by about 94,000 tons of CO2. The company is focusing on enhancing its green power consumption ecosystem with initiatives like direct green power trading and renewable energy power plant development. In 2020, renewable energy accounted for 51% of its total power consumption, and its upcoming 150MW smart photovoltaic plant is projected to cut 212,000 tons of CO2 annually.
Chindata Group has become the first digital infrastructure corporate participant of the United Nations Global Compact in the Asia Pacific. This aligns with the company's commitment to sustainable digital infrastructure development and supports the United Nations Sustainable Development Goals (SDGs). Chindata aims to achieve carbon neutrality by 2030, using 100% renewable energy for its data centers in China and investing in over 2GW of clean energy generation. The UN Global Compact connects organizations to promote sustainable business practices.
Chindata Group (NASDAQ: CD) reported strong Q2 2021 financial results with a revenue of RMB686 million (US$106 million), up 64% year-over-year, and a net profit of RMB65 million (US$10 million). The company's IT capacity reached 361MW, with 217MW under construction, reflecting ongoing growth. Cash and cash equivalents rose to RMB7.024 billion (US$1.08 billion), and the debt-to-equity ratio stood at 34.2%. Chindata Group’s focus on energy efficiency is evident with a PUE of 1.22. The company is expanding its digital infrastructure while maintaining substantial cash flow and capital utilization efficiency.
Chindata Group reported a robust financial performance for Q2 2021, with revenue soaring 64.2% year-over-year to RMB686.4 million (US$106.3 million). Net income hit a record RMB65.1 million (US$10.1 million) with a margin of 9.5%. Adjusted EBITDA increased 65.8% to RMB338.5 million (US$52.4 million), maintaining a margin of 49.3%. The company raised its full-year guidance, expecting revenue between RMB2,780 - 2,830 million, up from RMB2,700 - 2,780 million. Strategic partnerships, including one with Tencent, and recognition from credit agencies further solidify its market position.
Chindata Group Holdings Limited (Nasdaq: CD), a leading provider of hyperscale data center solutions in Asia-Pacific, will announce its second quarter 2021 financial results on August 26, 2021, prior to market open. A conference call is scheduled for the same day at 8:00 A.M. Eastern Time to discuss these results. Participants must register online to receive call details. The conference call will also be available for replay until September 3, 2021. Chindata operates under the sub-brands 'Chindata' and 'Bridge Data Centres,' focusing on data center operations across key economic regions in Asia.
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