VNET Group Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	2018 - 2008
Revenue	7,505	7,413	7,065	6,190	4,829	3,789	Upgrade
Revenue Growth (YoY)	3.87%	4.92%	14.14%	28.18%	27.45%	11.41%	Upgrade
Cost of Revenue	6,154	6,120	5,707	4,752	3,753	2,850	Upgrade
Gross Profit	1,351	1,292	1,358	1,438	1,076	939.45	Upgrade
Selling, General & Admin	912.87	808.06	954.86	1,098	770.12	621.59	Upgrade
Research & Development	317.86	322.22	306.84	188.49	112.89	88.79	Upgrade
Other Operating Expenses	2,196	2,239	35.41	130.47	84.01	1.56	Upgrade
Operating Expenses	3,427	3,370	1,297	1,417	967.03	711.94	Upgrade
Operating Income	-2,075.96	-2,077.17	61.14	21.31	108.99	227.51	Upgrade
Interest Expense / Income	380.07	312.17	273.31	334.95	380.61	345.96	Upgrade
Other Expense / Income	326.23	140.12	430.33	-925.14	2,328	58.41	Upgrade
Pretax Income	-2,782.26	-2,529.46	-642.49	611.51	-2,600.01	-176.86	Upgrade
Income Tax	130.87	114.37	133.46	111.41	109.34	5.44	Upgrade
Net Income	-2,913.13	-2,643.84	-775.95	500.1	-2,709.35	-182.29	Upgrade
Shares Outstanding (Basic)	1,568	901	887	865	717	669	Upgrade
Shares Outstanding (Diluted)	1,568	901	887	912	717	669	Upgrade
Shares Change	48.40%	1.62%	-2.72%	27.16%	7.18%	-0.87%	Upgrade
EPS (Basic)	-18.54	-17.58	-5.22	3.42	-26.82	-1.62	Upgrade
EPS (Diluted)	-18.54	-17.58	-5.22	-2.16	-26.82	-1.62	Upgrade
Free Cash Flow	-1,488.04	-914.54	-632.97	-2,035.47	-2,944.08	-520.42	Upgrade
Free Cash Flow Per Share	-5.69	-6.09	-4.28	-14.11	-24.64	-4.67	Upgrade
Gross Margin	18.00%	17.44%	19.22%	23.23%	22.28%	24.79%	Upgrade
Operating Margin	-27.66%	-28.02%	0.87%	0.34%	2.26%	6.00%	Upgrade
Profit Margin	-38.81%	-35.67%	-10.98%	8.08%	-56.11%	-4.81%	Upgrade
Free Cash Flow Margin	-19.83%	-12.34%	-8.96%	-32.88%	-60.97%	-13.74%	Upgrade
Effective Tax Rate	-	-	-	18.22%	-	-	Upgrade
EBITDA	-649.42	-409.95	1,227	2,214	-1,230.42	941.31	Upgrade
EBITDA Margin	-8.65%	-5.53%	17.36%	35.77%	-25.48%	24.84%	Upgrade
Depreciation & Amortization	1,753	1,807	1,596	1,268	988.98	772.21	Upgrade
EBIT	-2,402.19	-2,217.29	-369.18	946.46	-2,219.4	169.1	Upgrade
EBIT Margin	-32.01%	-29.91%	-5.23%	15.29%	-45.96%	4.46%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).