BEIJING, Aug. 26, 2021 /PRNewswire/ -- Chindata Group
(Nasdaq: CD), a leading carrier-neutral hyperscale data center
solution provider in Asia-Pacific
emerging markets, today announced its financial results for the
second quarter of this year ended June 30,
2021. The Company posted a second quarter revenue of
RMB686 million (US$106 million), up 64% year over year, and a
quarterly net profit of RMB65 million
(US$10 million), reflecting continued
profitability and growth from the previous quarter. This strong
financial performance is testament to the Company's competitive
business model and robust development capabilities. In addition,
Chindata Group recorded a healthy debt ratio as well as growth
across multiple profit indicators, which reflect the unique
strengths of its capital utilization efficiency and financial
structure under the self-owned asset model.
During the reporting period, Chindata Group's IT capacity in
service reached 361MW, an increase of 24MW quarter over quarter,
while its IT capacity under construction grew to 217MW, with a
substantial rise of 64MW. In terms of digital infrastructure
orders, the Company received 66 IT MW of newly contracted and
indication of interest (IOI) orders in the second quarter of 2021,
and it has maintained a high overall contracted ratio of 86%.
As the demand for more efficient and advanced digital
infrastructure with higher device density continues to grow,
Chindata Group has adhered to a high standard of energy efficiency.
In the first half of this year, it recorded total electricity
consumption of 797 million kWh and an average PUE of 1.22.
Furthermore, an ongoing focus on innovating its core capabilities
saw the Company increase its number of core patents by 25 in the
second quarter, reaching a total of 256 patents. It also continued
its efforts in converting green power into more efficient, advanced
and hyperscale computing power.
During the reporting period, Chindata Group maintained a
sustained and stable financial performance with the abundant cash
flow and efficient capital utilization. As of June 30 2021, Chindata Group's cash and cash
equivalents amounted to RMB7.024
billion (US$1.08 billion) at
the end of the reporting period, surpassing RMB7 billion (US$1.08
billion) for the first time. The Company's debt to equity
ratio reached 34.2%, while the ratio of net debt to the last 12
months' adjusted EBITDA was -1.7. Adjusted EBITDA increased 65.8%
year-on-year to RMB338 million
(US$60 million), with a margin of
49.3%.
Mr. Jing JU, Chief Executive Officer of Chindata Group, said,
"We continued to embrace transformation in the second quarter. In
China, with the development of
digital economy being a long-term prospect with less uncertainty,
the value of IDC industry as key fundamental infrastructure is
being increasingly apparent. At the same time, differences in the
underlying capabilities of players will likely become a key driver
of diverse performance. However, the pandemic has also disrupted
the supply and demand chain in the broader Asia Pacific emerging markets, posing
challenges to the implementation of new solutions. Our transborder
supply chain with the new R&D method and product solutions will
be fully verified against this background. To further cope with
these challenges, Chindata Group has remained fully dedicated to
core capacity build-up covering green-field development, integrated
energy solution and white-labeling of key digital infrastructure
equipment. We have maintained the rapid growth of the scale of our
deliverable high-value infrastructure and are constantly supporting
our industry-leading clients in the zero-carbon transformation and
swift scalability of their business in the Pan Asia Pacific region.
We hope to join hands with more partners along such course in the
future."
About Chindata Group
Chindata Group (NASDAQ: CD) 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. Visit official website for more information:
https://www.chindatagroup.com
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SOURCE Chindata Group