VNET Group, Inc. (VNET)
NASDAQ: VNET · Real-Time Price · USD
8.07
+0.42 (5.56%)
Sep 5, 2025, 12:44 PM - Market open

VNET Group Income Statement

Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 20202016 - 2020
Period Ending
Jun '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2016 - 2020
9,0488,2597,4137,0656,1904,829
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Revenue Growth (YoY)
17.85%11.41%4.92%14.14%28.18%27.45%
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Cost of Revenue
6,9386,4276,1205,7074,7523,753
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Gross Profit
2,1101,8321,2921,3581,4381,076
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Selling, General & Admin
985.78922.79808.06954.861,098770.12
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Research & Development
220.4246.61322.22306.84188.49112.89
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Other Operating Expenses
-110.95-114.59-106.27-60.01--7.62
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Operating Expenses
1,2601,1631,3931,2371,305877.79
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Operating Income
849.95669.44-100.02121.16133.39198.22
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Interest Expense
-429.28-400.98-312.17-273.31-334.95-380.61
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Interest & Investment Income
3427.9641.831.5731.931.71
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Earnings From Equity Investments
5.427.973.281.93-38.6710.87
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Currency Exchange Gain (Loss)
32.29-19.24-78.97-523.24110.04228.13
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Other Non Operating Income (Expenses)
-2.4225.4411.26-9.2711.22-20.37
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EBT Excluding Unusual Items
489.96310.59-434.82-651.16-87.0767.95
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Impairment of Goodwill
---1,364---
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Gain (Loss) on Sale of Investments
---11.17--6.3-13.03
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Asset Writedown
---506.69--109.27-81.62
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Other Unusual Items
-97.01172.06-165.9322.63829.15-2,544
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Pretax Income
392.95482.65-2,483-628.53626.51-2,571
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Income Tax Expense
260.81234.23114.37133.46111.41109.34
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Earnings From Continuing Operations
132.15248.42-2,597-761.99515.1-2,680
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Minority Interest in Earnings
-75.09-65.22-46.67-13.96-15-29.09
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Net Income
57.06183.2-2,644-775.95500.1-2,709
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Preferred Dividends & Other Adjustments
15.0815.08--5.83493.45
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Net Income to Common
41.98168.12-2,644-775.95494.27-3,203
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Shares Outstanding (Basic)
268266150148144119
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Shares Outstanding (Diluted)
293290150148152119
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Shares Change (YoY)
40.78%93.35%1.62%-2.72%27.16%7.18%
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EPS (Basic)
0.160.63-17.60-5.253.43-26.81
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EPS (Diluted)
-0.310.14-17.60-5.25-2.14-26.82
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Free Cash Flow
-1,625-2,918-903.97-555.39-1,304-1,759
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Free Cash Flow Per Share
-5.55-10.05-6.02-3.76-8.58-14.72
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Gross Margin
23.32%22.18%17.44%19.23%23.23%22.28%
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Operating Margin
9.39%8.11%-1.35%1.71%2.15%4.11%
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Profit Margin
0.46%2.04%-35.66%-10.98%7.99%-66.32%
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Free Cash Flow Margin
-17.95%-35.34%-12.19%-7.86%-21.07%-36.43%
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EBITDA
2,6522,2681,7071,7171,4011,187
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EBITDA Margin
29.31%27.46%23.03%24.30%22.63%24.59%
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D&A For EBITDA
1,8021,5981,8071,5961,268988.98
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EBIT
849.95669.44-100.02121.16133.39198.22
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EBIT Margin
9.39%8.11%-1.35%1.71%2.15%4.11%
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Effective Tax Rate
66.37%48.53%--17.78%-
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Advertising Expenses
-9.369.836.837.277.78
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Updated Aug 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q