BEIJING, Sept. 1,
2023 /PRNewswire/ -- Chindata Group Holdings Limited
("Chindata Group" or the "Company") (Nasdaq: CD), a leading
carrier-neutral hyperscale data center solution provider in
Asia-Pacific emerging markets, announced its unaudited
financial report for the second quarter of 2023 on
August 31, 2023.
The report showed a revenue of RMB
1,553.8 million, representing 49.7% year over year
("YoY") growth, with adjusted EBITDA at RMB
816.1 million, marking a YoY growth of 49.9%. Adjusted
EBITDA profit margin came in at 52.5% and net income was
RMB 219.2 million, representing
a YoY increase of 9.8%. Pre-tax return on invested capital
(ROIC) also increased to 19.3%. Overall, for the first half of
2023, Chindata's cumulative revenue was RMB
2,997.3 million, showing a massive year-on-year jump of
53.0%. Adjusted EBITDA was RMB 1,629.9 million, indicating a
year-on-year leap of 56.9%, while net income was RMB 472.2 million, proving an impressive
year-on-year increase of 60.5%.
Dual-Focused Strategy Spanning Domestic and
International Markets
Chindata's business structure focuses equally on growth at home
in China and internationally but
has seen a rapid acceleration in the development of its business in
Malaysia and India, among other countries. This development
is in line with the new generation of computing power
infrastructure and positions the Company perfectly to meet the
potential needs of the digital economy in China and Asia-Pacific emerging markets.
As of June 30, 2023, Chindata had
a total of 35 data centers in service or under construction around
the world, with a total IT capacity of 945MW. Among them,
in-service capacity reached 730MW and showed a
quarter-on-quarter increase of 91MW, with utilized capacity
reaching 585MW and realizing a quarter-on-quarter increase of
48MW.
Chindata's international in-service capacity reached 117MW,
which was 5.85 times that of the same period last year with
capacity increasing six-fold year-on-year to 84MW. Ultra-high-speed
growth is mainly due to the fact that in the past year, four of
Chindata's hyperscale data centers in Malaysia and India have been put into service with overall
international utilized capacity rate rapidly increasing to 72%.
These figures are clear evidence that the Company has entered a new
growth period both internationally and domestically.
Chindata meets the growing customized needs of customers by
creating hyperscale, rapid-delivery, and conveniently expandable
computing infrastructure solutions, gaining more customer trust and
broadening its competitive advantage. Commitment ratio
remained strong and healthy for the Company's asset portfolio.
Contracted and IOI capacity reached 850MW, accounting for 90% of
total capacity by the end of the second quarter of 2023 and 16 data
centers reached over 90% utilized availability, virtually
guaranteeing high-certainty growth ahead of time.
Unveil Pioneering Full-Stack Solutions for Data Centers to
Embrace More Opportunities in AIGC Era
By the end of the second quarter of 2023, Chindata completed
iterative upgrades off a cold plate liquid cooling system for the
large-scale deployment of 20kw-30kw-and-above high-density
cabinets, that lowered annual power usage effectiveness (PUE) to
1.15. In this quarter, Chindata's cumulative deployment scale, of
20kw-and-above high-density cabinets, reached approximately 40MW,
laying a solid foundation for the support of the development and
implementation of large-scale artificial intelligence models for
valued customers. Additionally, in August this year, Chindata
released a pioneering full-stack solution for hyperscale data
centers in the AIGC era, solving power supply and cooling
challenges for high computing power GPU or CPU servers.
Meanwhile, Chindata is fully committed to zero carbon goals, and
integrates green concepts into the entire lifecycle of data center
site selection, planning, design, construction, and operations, and
continues to achieve carbon reduction goals with its annual
operating PUE, a standard efficiency metric for power consumption
in data centers, reaching 1.21, significantly better than the
industry average.
Mr. Huapeng Wu, Chief Executive Officer of Chindata Group,
commented, "In the second quarter of 2023, Chindata
continued to maintain a vigorous growth momentum. We deeply
participated in the digital economic development of China and the Asia-Pacific emerging markets, building two
major growth engines at home and abroad, and in-service and
utilized capacity in the overseas market reached more than 5 times
that of the same period last year. At the same time, we accumulated
technology innovation bit by bit, supported sustainable growth with
technology, and promoted high-quality upgrading of business. By the
end of the second quarter of 2023, the number of patents obtained
and applied for by the group reached 493, which is 1.37 times that
of the same period last year. We have successfully developed a
systematic and full-stack AI Generated Content ("AIGC") data center
solution, seizing the new opportunities brought about by the new
round of technological revolution in the industry."
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, networks and IT value-added services.
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SOURCE Chindata Group