GDS Holdings Limited ADS - GDS STOCK NEWS

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) announced its 2021 Annual General Meeting (AGM) to be held on June 29, 2021, at 4:00 p.m. China Standard Time in Shanghai. Shareholders, including holders of ordinary shares and Series A convertible preferred shares, are entitled to vote, with notice sent to those registered by June 4, 2021. Beneficial owners of American Depositary Shares must instruct JPMorgan Chase Bank on voting. Relevant documents, including the AGM notice and annual report, are available on the company's investor relations website and SEC's site.

GDS Holdings reported a strong Q1 2021, with net revenue increasing by 37.5% year-over-year to RMB1,706 million (US$260.4 million). Service revenue also rose by 38.3% to RMB1,704.5 million (US$260.2 million). Despite a net loss of RMB278.7 million (US$42.5 million), adjusted EBITDA surged 43.0% to RMB817.9 million (US$124.8 million), with an adjusted EBITDA margin of 47.9%. As of March 31, 2021, total area committed reached 425,277 sqm, up 48.2% Y-o-Y.

GDS Holdings Limited (NASDAQ: GDS) will report its first quarter 2021 unaudited financial results on May 19, 2021, after U.S. market close, and before Hong Kong market opening on May 20, 2021. An earnings conference call is scheduled for May 19 at 8:00 PM U.S. Eastern Time, with dial-in details provided for participants. The company specializes in high-performance data centers in China and serves a variety of sectors, including cloud service providers and large corporations. Live and archived webcasts will be available on the company's investor relations website.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on April 12, 2021. The report is accessible on both the company's investor relations site and the SEC's platform. GDS is a top developer and operator of high-performance data centers in China, catering to major customers like hyperscale cloud service providers and large corporations. The company emphasizes its strategic locations and advanced service offerings, including colocation and managed services.

GDS Holdings Limited (NASDAQ: GDS) reported strong financial results for Q4 and FY 2020, with net revenue rising 38.4% YoY to RMB1,631.6 million (US$250.1 million) in Q4 and 39.2% YoY to RMB5,739.0 million (US$879.5 million) for the full year. Adjusted EBITDA also grew significantly, up 43.4% YoY to RMB758.0 million (US$116.2 million) in Q4. However, net losses increased to RMB271.5 million (US$41.6 million) in Q4 and RMB669.2 million (US$102.6 million) for the year. The commitment rate for service area rose to 94.3%. GDS is poised for growth with ongoing expansions and a strong cash position of RMB16.3 billion (US$2.5 billion).

GDS Holdings Limited (NASDAQ: GDS) announces it will release its fourth quarter and full year 2020 unaudited financial results on March 10, 2021, after U.S. market close. An earnings conference call will follow at 7:00 PM U.S. Eastern Time on the same day. Investors can access the call via a designated phone number, with replay availability until March 18, 2021. GDS is a leading data center operator in China, focusing on high-performance facilities in major economic hubs, serving a broad clientele including cloud service providers and large corporations.

GDS Holdings reported a robust third quarter for 2020, showcasing a 43.0% year-over-year increase in net revenue to RMB1,524.7 million (US$224.6 million). Service revenue also rose by 43.8% year-over-year. However, the company faced a net loss of RMB204.6 million (US$30.1 million), up from RMB108.6 million in Q3 2019. Adjusted EBITDA surged 48.3% to RMB717.1 million (US$105.6 million), maintaining a 47.0% margin. GDS's operational metrics improved, with area committed reaching 357,344 sqm, up 47.4% year-over-year, driven by strong demand for cloud services.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698), a leader in high-performance data center services in China, will announce its Q3 2020 unaudited financial results on November 16, 2020, after U.S. market close. An earnings conference call is scheduled for 7:00 PM U.S. Eastern Time on the same day. Participants are encouraged to dial in early and provide the Conference ID 6869567. GDS is known for its extensive, efficient data centers located in key economic areas of China, serving major telecommunications and cloud services.

GDS Holdings Limited (NASDAQ: GDS) has announced the pricing of its Global Offering of 160 million new Class A ordinary shares at HK$80.88 each, approximately US$83.49 per American depositary share (ADS). The offering is projected to generate gross proceeds of about HK$12,940.8 million. The shares will begin trading on the Hong Kong Stock Exchange on November 2, 2020, under stock code ‘9698’. The funds raised will primarily be used for expanding data center operations and developing new technologies. The offering includes an over-allotment option for an additional 24 million shares.