BEIJING, March 25, 2021 /PRNewswire/ -- Chindata
Group (Nasdaq: CD), a leading carrier-neutral hyperscale data
center solution provider in Asia-Pacific emerging markets, today announced
its unaudited financial results for the fourth quarter and full
year ended December 31, 2020. Due to
the competitiveness of its business model, the Company has
maintained strong profitability and efficient fund utilization.
According to its financial results for the 2020 fourth quarter,
Chindata Group recorded its sixth consecutive quarter of positive
adjusted net income and the total adjusted net income was
RMB174.9 million (US$26.8 million) in 2020.
According to its financial results, the Company posted Q4
revenues of RMB553.0 million
(US$84.7 million), up 59.2% in the
same period of 2019 and adjusted EBITDA of RMB239.4 million (US$36.7
million), up 72%.
Its full-year total revenues increased by 114.7% year-on-year to
RMB1, 831.1 million (US$280.6 million) and its full-year adjusted
EBITDA increased by 186.4% year-on-year to RMB852.2 million (USD130.6
million).
Chindata Group continues to expand its advantage in hyperscale
data centers. As of December 31,
2020, its total IT capacity in service grew to 291MW, with
an increase of 43 IT MW quarter over quarter. 92% of this capacity
are contracted or having received IOI order. Totally, Chindata
Group had 198 IT MW capacity under construction.
During the reporting period, Chindata Group has further expanded
its customer diversification. The Company received over 45 IT MW of
newly contracted and indication of interest ("IOI") orders from top
global cloud companies in the fourth quarter of 2020. Meanwhile, as
Chindata Group secured over 40 IT MW of IOI orders for its
Southeast Asia facilities from
anchor tenants in the fourth quarter of 2020, the Company has
gained strategic advantage in Asia-Pacific by further validating its
next-generation hyperscale model in emerging markets.
Mr. Jing JU, Chief Executive Officer of Chindata Group,
commented, "Extending our three core corporate capabilities, we
established three subgroups, namely Chindustry, Chinpower, and
Chinidea in the fourth quarter of 2020. We expect this move to
further strengthen Chindata's cost and technical advantages, while
allowing us to better serve digital leaders and provide the
industry with next-generation computing infrastructure solutions
with greater diversification and of better cost-efficiency."
About Chindata Group
Chindata Group is a leading carrier-neutral hyperscale data
center solution provider in Asia-Pacific emerging markets and a first
mover in building next-generation hyperscale data centers in
China, India and Southeast
Asia markets, focusing on the whole life cycle of facility
planning, investment, design, construction and operation of
ecosystem infrastructure in the IT industry. Chindata Group
provides its clients with business solutions in major countries and
regions in Asia-Pacific emerging
markets, including asset-heavy ecosystem chain services such as
industrial bases, data centers, network and IT value-added
services.
Chindata Group operates two sub-brands: "Chindata" and "Bridge
Data Centres". Chindata operates hyper-density IT cluster
infrastructure in the Greater Beijing
Area, the Yangtze River Delta Area and the Greater Bay Area,
the three key economic areas in China, and has become the engine of the
regional digital economies. Bridge Data Centres, with its top
international development and operation talents in the industry,
owns fast deployable data center clusters in Malaysia and India, and seeks business opportunities in
other Asia-Pacific emerging
markets.
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SOURCE Chindata Group