VNET Group, Inc. (VNET)
NASDAQ: VNET · Real-Time Price · USD
8.07
-0.19 (-2.24%)
Mar 31, 2025, 1:43 PM EDT - Market open

VNET Group Income Statement

Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year
FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 2019 - 2015
Period Ending
Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2019 - 2015
Revenue
8,2597,4137,0656,1904,829
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Revenue Growth (YoY)
11.41%4.92%14.14%28.18%27.45%
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Cost of Revenue
6,4276,1205,7074,7523,753
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Gross Profit
1,8321,2921,3581,4381,076
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Selling, General & Admin
922.79808.06954.861,098770.12
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Research & Development
246.61322.22306.84188.49112.89
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Other Operating Expenses
-114.59-106.27-60.01--7.62
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Operating Expenses
1,1631,3931,2371,305877.79
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Operating Income
669.44-100.02121.16133.39198.22
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Interest Expense
-400.98-312.17-273.31-334.95-380.61
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Interest & Investment Income
27.9641.831.5731.931.71
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Earnings From Equity Investments
7.973.281.93-38.6710.87
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Currency Exchange Gain (Loss)
-19.24-78.97-523.24110.04228.13
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Other Non Operating Income (Expenses)
25.4411.26-9.2711.22-20.37
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EBT Excluding Unusual Items
310.59-434.82-651.16-87.0767.95
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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
172.06-165.9322.63829.15-2,544
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Pretax Income
482.65-2,483-628.53626.51-2,571
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Income Tax Expense
234.23114.37133.46111.41109.34
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Earnings From Continuing Operations
248.42-2,597-761.99515.1-2,680
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Minority Interest in Earnings
-65.22-46.67-13.96-15-29.09
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Net Income
183.2-2,644-775.95500.1-2,709
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Preferred Dividends & Other Adjustments
---5.83493.45
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Net Income to Common
183.2-2,644-775.95494.27-3,203
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Shares Outstanding (Basic)
266150148144119
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Shares Outstanding (Diluted)
290150148152119
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Shares Change (YoY)
93.35%1.62%-2.72%27.16%7.18%
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EPS (Basic)
0.69-17.60-5.253.43-26.81
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EPS (Diluted)
0.12-17.60-5.25-2.14-26.82
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Free Cash Flow
--903.97-555.39-1,304-1,759
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Free Cash Flow Per Share
--6.02-3.76-8.58-14.72
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Gross Margin
22.18%17.44%19.23%23.23%22.28%
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Operating Margin
8.11%-1.35%1.71%2.15%4.11%
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Profit Margin
2.22%-35.66%-10.98%7.99%-66.32%
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Free Cash Flow Margin
--12.19%-7.86%-21.07%-36.43%
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EBITDA
2,2151,7071,7171,4011,187
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EBITDA Margin
26.82%23.03%24.30%22.63%24.59%
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D&A For EBITDA
1,5461,8071,5961,268988.98
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EBIT
669.44-100.02121.16133.39198.22
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EBIT Margin
8.11%-1.35%1.71%2.15%4.11%
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Effective Tax Rate
48.53%--17.78%-
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Advertising Expenses
-9.836.837.277.78
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Updated Mar 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q