GDS Holdings Limited ADS - GDS STOCK NEWS

GDS Holdings Limited (NASDAQ: GDS) will report its Q3 2022 unaudited financial results after U.S. market close on November 21, 2022, and before Hong Kong market opens on November 22, 2022. Management will host a conference call at 7:00 PM ET on November 21, 2022. Participants are encouraged to register online 15 minutes prior to the start. GDS is a leading developer and operator of high-performance data centers in China, strategically positioned in key economic hubs to meet growing demand.

GDS Holdings (NASDAQ: GDS) reported its Q2 2022 results, with net revenue up 24.0% YoY to RMB2,310.4 million ($344.9 million) and service revenue rising 23.6% YoY to RMB2,302.7 million ($343.8 million). Despite a net loss of RMB375.3 million ($56.0 million), adjusted EBITDA increased by 18.6% YoY to RMB1,062.2 million ($158.6 million). The company announced plans for a China Data Center Fund with RMB6.7 billion in capital. Total area committed reached 588,054 sqm, a 16.1% YoY increase, while the commitment rate for area in service was 95.9%.

GDS Holdings Limited (NASDAQ: GDS), a top provider of high-performance data centers in China, will release its second quarter 2022 unaudited financial results on August 23, 2022, after Hong Kong market close and before U.S. market open. An earnings call will occur at 8:00 AM ET on the same day, with registration required for participants. GDS operates state-of-the-art facilities catering to major cloud and telecommunications companies, ensuring broad access to telecommunications networks and public clouds, thus addressing growing demand in China’s key economic areas.

On June 30, 2022, GDS Holdings Limited conducted its Annual General Meeting of Shareholders, where all proposed resolutions were approved. Key approvals included the re-elections of directors William Wei Huang, Bin Yu, and Zulkifli Baharudin, the appointment of KPMG Huazhen LLP as the independent auditor for the fiscal year 2022, and authorization to issue up to 30% of the existing share capital. GDS Holdings is a top developer of high-performance data centers in China, catering primarily to hyperscale cloud service providers and large corporations.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) will hold its 2022 Annual General Meeting (AGM) on June 30, 2022, at 4:00 p.m. China Standard Time in Shanghai. Shareholders who owned ordinary shares or Series A convertible preferred shares before June 1, 2022, are eligible to vote. For those with American Depositary Shares (ADSs), voting rights must be exercised via JPMorgan Chase Bank. The company has filed its annual report for the fiscal year ending December 31, 2021, with the SEC, available on its website and the SEC's site. GDS is a prominent data center operator in China.

GDS Holdings reported a 31.5% year-over-year increase in net revenue, reaching RMB2,243.6 million (US$353.9 million) for Q1 2022. However, net loss rose to RMB373.3 million from RMB278.7 million in Q1 2021. Adjusted EBITDA increased by 28.5% to RMB1,051.2 million (US$165.8 million), with a margin of 46.9%. Total area committed grew by 24.5% to 575,009 sqm, while the commitment rate for area in service improved to 95.3%. Despite increased revenues, the company faces challenges with rising utility costs and a decrease in gross profit margin.

GDS Holdings Limited (GDS), a leading data center operator in China, has announced its first quarter 2022 unaudited financial results will be reported on May 18, 2022, after the U.S. market closes. An earnings call is scheduled for the same day at 8:00 PM ET. Participants can access the call via several international numbers, including +1-833-239-5565 for the U.S. The company boasts a strong track record in high-performance data center services, catering primarily to hyperscale cloud providers and large corporations.

GDS Holdings filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 28, 2022. The report is available on both the company's investor relations website and the SEC's site. GDS, a leading provider of data centers in China, operates high-performance facilities in major economic hubs, catering to hyperscale cloud providers, large internet companies, and financial institutions. The firm emphasizes its carrier-neutral operations and robust service offerings, including co-location and managed services.

YTL Power and GDS Holdings Limited have partnered to co-develop 168MW of data center capacity across 8 facilities at the YTL Green Data Center Park in Johor, Malaysia, set to start service in 2024. This project, the first of its kind in Malaysia powered by renewable energy, aims to meet rising regional demand for sustainable data solutions. The park will eventually feature a total capacity of 500MW, alongside solar power generation. GDS's role complements its other projects in Southeast Asia, enhancing low-latency connectivity for hyperscale customers.