VNET Group, Inc. (VNET)

VNET Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3,950	1,492	2,244	2,661	1,372	2,710
Short-Term Investments	21.49	53.95	390.76	59.65	68.89	317.65
Cash & Short-Term Investments	3,971	1,546	2,634	2,721	1,441	3,028
Cash Growth	122.77%	-41.30%	-3.19%	88.78%	-52.40%	38.28%
Accounts Receivable	2,411	1,656	1,716	1,765	1,425	848.38
Other Receivables	-	1,581	1,127	770.71	1,114	890.52
Receivables	2,411	3,355	2,907	2,914	2,556	1,821
Prepaid Expenses	2,984	1,270	1,345	988.47	942.99	884.16
Restricted Cash	1,774	545.8	2,855	327.67	327.77	270.45
Other Current Assets	-	102.69	82.93	101.08	55.55	52.47
Total Current Assets	11,141	6,820	9,823	7,052	5,324	6,056
Property, Plant & Equipment	23,388	21,835	17,037	15,468	12,962	9,432
Long-Term Investments	788.12	794.69	757.95	242.19	98.24	135.52
Goodwill	-	-	-	1,364	1,340	994.99
Other Intangible Assets	2,768	2,170	1,986	2,073	1,238	913.57
Long-Term Deferred Tax Assets	309.43	306.62	247.64	196.1	168	185.48
Other Long-Term Assets	438.31	430.74	534.2	552.07	1,966	1,657
Total Assets	38,833	32,357	30,386	26,948	23,095	19,374
Accounts Payable	813.34	709.26	696.18	720.03	500.94	290.75
Accrued Expenses	3,737	903.4	971.41	767.77	489.01	339.06
Short-Term Debt	1,373	944.56	386.07	-	-	34
Current Portion of Long-Term Debt	1,560	1,420	4,932	1,022	384.16	2,124
Current Portion of Leases	1,166	1,108	895.97	880.55	852.03	856.12
Current Income Taxes Payable	48.75	69.57	35.2	42.02	43.77	29.03
Current Unearned Revenue	104.32	94.56	103.54	98.72	57.77	65.32
Other Current Liabilities	1,312	4,094	3,417	2,801	2,852	2,384
Total Current Liabilities	10,114	9,343	11,437	6,332	5,180	6,122
Long-Term Debt	14,204	9,665	6,883	8,909	6,482	3,901
Long-Term Leases	5,662	5,312	4,430	3,953	3,404	1,334
Long-Term Unearned Revenue	267.08	273.82	145.11	2.67	2.29	4.1
Long-Term Deferred Tax Liabilities	875.05	734.4	688.36	682.58	348.4	299.09
Other Long-Term Liabilities	107.85	107.85	287.16	87.17	77.57	816.44
Total Liabilities	31,230	25,436	23,872	19,967	15,494	12,476
Common Stock	0.11	0.11	0.11	0.06	0.06	0.06
Additional Paid-In Capital	17,340	17,299	17,291	15,240	15,198	13,083
Retained Earnings	-10,990	-10,753	-10,936	-8,292	-7,516	-7,161
Treasury Stock	-161.89	-161.89	-326.95	-349.52	-349.52	-349.52
Comprehensive Income & Other	-11.7	-18.5	-14.34	11.02	-90.44	-55.54
Total Common Equity	6,177	6,366	6,014	6,610	7,242	5,517
Minority Interest	1,426	554.92	499.97	372.24	358.77	332.55
Shareholders' Equity	7,602	6,921	6,514	6,982	7,601	6,897
Total Liabilities & Equity	38,833	32,357	30,386	26,948	23,095	19,374
Total Debt	23,965	18,450	17,528	14,764	11,122	8,249
Net Cash (Debt)	-19,994	-16,903	-14,893	-12,043	-9,681	-5,221
Net Cash Per Share	-68.45	-58.21	-99.16	-81.48	-63.72	-43.70
Filing Date Shares Outstanding	268.13	269.03	263.21	148.45	148.02	143.68
Total Common Shares Outstanding	268.13	268.93	257.4	148.45	148.02	136.33
Working Capital	1,027	-2,523	-1,614	720.19	144.13	-66.35
Book Value Per Share	23.04	23.67	23.37	44.52	48.93	40.47
Tangible Book Value	3,409	4,196	4,029	3,172	4,665	3,609
Tangible Book Value Per Share	12.71	15.60	15.65	21.37	31.52	26.47
Machinery	-	9,582	7,890	6,696	5,136	3,910
Construction In Progress	-	4,529	3,444	2,770	3,239	2,142
Leasehold Improvements	-	6,040	5,821	4,819	3,303	2,610

Updated May 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q