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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) reported strong financial results for Q4 and the full year ended December 31, 2020. The company achieved Q4 revenues of RMB553.0 million (US$84.7 million), a 59.2% year-over-year increase, with adjusted EBITDA also rising by 72% to RMB239.4 million (US$36.7 million). For the full year, total revenues surged by 114.7% to RMB1,831.1 million (US$280.6 million), and adjusted EBITDA increased by 186.4% to RMB852.2 million (US$130.6 million). Chindata expanded its IT capacity, securing significant orders from major global cloud companies.
Chindata Group (Nasdaq: CD) reported robust financial results for Q4 and full year 2020, with revenues increasing by 114.7% year-on-year to RMB1.8 billion (USD275.7 million) and adjusted EBITDA rising 186.4% to RMB852.2 million (USD130.6 million). The company secured over 45 IT MW of new orders in Q4 2020, expanding its presence in Asia-Pacific. With a commitment to sustainability, 51% of its energy usage comes from renewable sources. Despite an operating loss of RMB27.1 million, the company marked its sixth consecutive quarter of positive adjusted net income, indicating strong operational growth.
Chindata Group Holdings Limited (Nasdaq: CD) will release its fourth quarter and full year 2020 financial results on March 24, 2021, after market close. A conference call is scheduled for 8:30 A.M. ET on March 25, 2021, to discuss these results. Interested participants must register online to receive call details. The company, a leader in hyperscale data center solutions in the Asia-Pacific region, operates under two brands: Chindata and Bridge Data Centres, focusing on comprehensive facility management across emerging markets.
On Feb. 3, 2021, Chindata Group (Nasdaq: CD) announced the establishment of its subsidiary Chinpower, aimed at developing innovative energy solutions for the hyperscale data center sector. This initiative targets two critical areas: accelerating the rapidly-growing digital economy and addressing climate change. The company also introduced a video showcasing the new hyper-density data center integrated energy solution, signaling its commitment to sustainability in technology.
Chindata Group (Nasdaq: CD) announced the establishment of Chindustry, a dedicated business group aimed at enhancing value for customers in the hyperscale data center sector. Vice-president Jing Song has been appointed as president, leveraging her extensive experience in next-generation data center projects. Chindustry will focus on customized, cost-effective solutions, addressing the diverse needs of global tech giants. This initiative is part of Chindata’s broader strategy to optimize its service offerings in Asia-Pacific emerging markets.
Chindata Group (Nasdaq: CD) has announced a roadmap to achieve carbon neutrality for its hyperscale data centers in China by 2030, significantly ahead of China's 2060 target. The company pledges to invest in clean energy, targeting 2GW installed capacity, having already secured 1300 MW in renewable contracts. With a focus on data infrastructure's energy needs, Chindata aims to optimize site selection based on solar and wind resources. Their data centers achieved an average PUE of 1.21, dramatically reducing emissions. The company's sustainability efforts have gained recognition with numerous awards.
Chindata Group has commenced construction of its first high-end equipment manufacturing industrial base in Hebei Province, China. This facility will focus on the research & development, design, and manufacturing of prefabricated modules and data center modules. CEO Alex Ju emphasized that high-end manufacturing is key to the digital age and will enhance product upgrades in hyperscale data centers. The company holds nearly 200 patents and aims to collaborate with industry partners to drive innovation and development in advanced technologies.
Chindata Group (Nasdaq: CD) has released its first financial report short video following its IPO, showcasing its position as a leading carrier-neutral hyperscale data center solution provider in the Asia-Pacific emerging markets. The video highlights financial performance metrics that could be crucial for understanding the company's growth trajectory.
Chindata Group Holdings Limited (Nasdaq: CD) reported a strong third quarter for 2020, with revenues rising by 64.5% to RMB467.5 million (US$68.9 million) compared to RMB284.1 million in Q3 2019. However, the company experienced a net loss of RMB173.7 million (US$25.6 million), significantly higher than the RMB45.7 million loss in the same period last year. Adjusted EBITDA increased by 143.3% to RMB228.0 million (US$33.6 million), with a margin expansion to 48.8%. As of September 30, 2020, cash reserves surged to RMB3.50 billion (US$515.2 million) from RMB1.12 billion at year-end 2019.
Chindata Group (Nasdaq: CD) will release its unaudited third quarter 2020 financial results on November 18, 2020, after market close. A conference call to discuss these results is scheduled for 7:30 A.M. ET on November 19, 2020. Participants must register online to receive the call details. Chindata Group is a prominent provider of carrier-neutral hyperscale data center solutions in Asia-Pacific, focusing on the lifecycle of data center development and operation across major markets, including China, India, and Southeast Asia.
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