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VNET Group, Inc., an investment holding company, provides hosting and related services in China. The company offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; and value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services. It also provides cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN services that extend customers' private networks by setting up connections through the public internet. In addition, the company provides server administration services, such as operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1996 and is headquartered in Beijing, the People's Republic of China.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
VNET Group Inc operates carrier-neutral data centers and cloud services in China, offering colocation, managed hosting and cloud solutions to enterprises, cloud providers and content companies. Long-term growth may be supported by rising cloud adoption, AI-driven demand for compute and enterprise digital transformation, and the company appears positioned to benefit from recurring revenue models.
Key risks include capital intensity and execution risk for expansions, intense competition from hyperscalers and carriers, and regulatory or geopolitical uncertainty for Chinese technology firms.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -630.46M | 665.17M | -2581.79M | -125.26M | 24.32M |
| Minority interest | -13.96M | -15.00M | 332.55M | 278.56M | 268.98M |
| Net income | -763.92M | 500.10M | -2691.13M | -130.69M | -205.06M |
| Selling general administrative | 642.95M | 842.35M | 535.11M | 415.28M | 462.64M |
| Selling and marketing expenses | 311.92M | 255.40M | 235.01M | 206.31M | 172.18M |
| Gross profit | 1358.26M | 1438.03M | 1076.01M | 939.45M | 944.87M |
| Reconciled depreciation | 1595.94M | 1267.58M | 988.98M | 772.21M | 634.61M |
| Ebit | 166.09M | -261.92M | 198.22M | -452.47M | -311.92M |
| Ebitda | 1762.03M | 1005.66M | -2334.66M | 319.73M | 322.69M |
| Depreciation and amortization | 1595.94M | 1267.58M | -2532.88M | 772.21M | 634.61M |
| Non operating income net other | - | - | - | 0.00M | 0.00M |
| Operating income | 166.09M | -261.92M | 198.22M | -452.47M | 237.48M |
| Other operating expenses | 6944.08M | 6056.41M | 4630.80M | 3554.59M | 3177.46M |
| Interest expense | 273.31M | 334.95M | 380.61M | 345.95M | 236.07M |
| Tax provision | 133.46M | 111.41M | 109.34M | 5.44M | 24.41M |
| Interest income | 31.57M | 31.90M | 31.71M | 54.61M | 45.19M |
| Net interest income | -241.73M | -303.05M | -348.90M | -291.35M | -190.88M |
| Extraordinary items | - | - | - | 0.00M | 0.00M |
| Non recurring | - | - | - | 0.00M | 0.00M |
| Other items | - | - | - | 0.00M | 0.00M |
| Income tax expense | 133.46M | 111.41M | 109.34M | 5.44M | 24.41M |
| Total revenue | 7065.23M | 6189.80M | 4829.02M | 3788.97M | 3401.04M |
| Total operating expenses | 1237.10M | 1304.64M | 877.79M | 705.07M | 721.30M |
| Cost of revenue | 5706.98M | 4751.77M | 3753.01M | 2849.52M | 2456.17M |
| Total other income expense net | -796.54M | 927.10M | -2780.01M | 327.22M | -8.38M |
| Discontinued operations | - | - | - | 0.00M | 0.00M |
| Net income from continuing ops | -761.99M | 515.10M | -2680.26M | -181.25M | -186.74M |
| Net income applicable to common shares | -775.95M | 494.27M | -3179.99M | -182.29M | -205.06M |
| Preferred stock and other adjustments | - | - | - | 0.00M | 0.00M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 30385.90M | 26948.40M | 23095.04M | 19373.76M | 14273.71M |
| Intangible assets | 1985.91M | 2073.15M | 1237.57M | 915.92M | 643.75M |
| Other current assets | 80.41M | 2147.50M | 2049.91M | 1866.18M | 1618.15M |
| Total liab | 23871.52M | 19966.55M | 15494.04M | 12476.27M | 9042.08M |
| Total stockholder equity | 6014.41M | 6609.61M | 7242.23M | 6564.93M | 4953.07M |
| Deferred long term liab | - | - | - | - | 0.00M |
| Other current liab | 3174.38M | 2459.42M | 2350.63M | 1711.60M | 1187.21M |
| Common stock | 0.11M | 0.06M | 0.06M | 0.06M | 0.05M |
| Capital stock | 0.11M | 0.06M | 0.06M | 1047.52M | 0.05M |
| Retained earnings | -11016.32M | -8369.87M | -7590.38M | -7235.11M | -4038.39M |
| Other liab | - | 772.43M | 428.27M | 1119.63M | 956.82M |
| Good will | 0.00M | 1364.19M | 1339.66M | 994.99M | 989.53M |
| Other assets | - | 748.17M | 2133.69M | 1842.12M | 577.41M |
| Cash | 2243.54M | 2661.32M | 1372.48M | 2710.35M | 1808.48M |
| Total current liabilities | 11437.13M | 6332.09M | 5179.99M | 6121.96M | 4469.02M |
| Current deferred revenue | 1708.79M | 1256.69M | 1099.67M | 1106.91M | 1128.91M |
| Net debt | 14928.00M | 12103.06M | 9749.48M | 5538.39M | 3883.34M |
| Short term debt | 5857.79M | 1902.35M | 1236.19M | 3014.06M | 1856.63M |
| Short long term debt | 4961.82M | 1021.80M | 384.16M | 2157.95M | 1178.15M |
| Short long term debt total | 17171.54M | 14764.38M | 11121.96M | 8248.74M | 5691.82M |
| Other stockholder equity | 16964.36M | 14890.40M | 14848.53M | 12733.60M | 8853.04M |
| Property plant equipment | - | 15468.42M | 12961.76M | 9429.59M | 6665.18M |
| Total current assets | 9823.48M | 7052.28M | 5324.12M | 6055.61M | 5228.18M |
| Long term investments | 757.95M | 242.19M | 98.24M | 135.52M | 169.65M |
| Net tangible assets | - | 3172.27M | 4665.00M | 3606.55M | 3319.79M |
| Short term investments | 356.82M | - | 0.00M | 285.87M | 363.86M |
| Net receivables | 2907.16M | 1915.78M | 1573.96M | 922.75M | 958.82M |
| Long term debt | 6883.47M | 8909.11M | 6481.97M | 3901.05M | 2140.21M |
| Inventory | 4235.55M | 327.67M | 327.77M | 270.45M | 478.87M |
| Accounts payable | 696.18M | 713.63M | 493.51M | 289.39M | 296.26M |
| Total permanent equity | - | - | - | - | 0.00M |
| Noncontrolling interest in consolidated entity | - | - | - | - | 0.00M |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | 0.00M |
| Accumulated other comprehensive income | 66.27M | 89.02M | -15.98M | 18.93M | 138.37M |
| Additional paid in capital | - | - | - | - | 0.00M |
| Common stock total equity | - | - | - | 0.06M | 0.05M |
| Preferred stock total equity | - | - | - | - | 0.00M |
| Retained earnings total equity | - | - | - | - | 0.00M |
| Treasury stock | - | - | - | - | -349.52M |
| Accumulated amortization | - | - | - | - | 0.00M |
| Non currrent assets other | 534.20M | 552.07M | 1965.69M | 1656.64M | 368.04M |
| Deferred long term asset charges | - | - | - | - | 0.00M |
| Non current assets total | 20562.42M | 19896.13M | 17770.92M | 13318.15M | 9045.52M |
| Capital lease obligations | 5326.25M | 4833.47M | 4255.84M | 2189.74M | 2140.96M |
| Long term debt total | - | - | - | - | 3037.14M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -3559.25M | -3772.61M | -3889.17M | -1611.98M | -304.85M |
| Change to liabilities | 264.51M | 188.27M | -8.12M | 9.56M | 36.74M |
| Total cashflows from investing activities | -3559.25M | -3772.61M | -3889.17M | -1611.98M | -304.85M |
| Net borrowings | 2298.08M | 2658.09M | 555.26M | 509.25M | -259.33M |
| Total cash from financing activities | 2136.00M | 967.58M | 4163.26M | 557.12M | -19.90M |
| Change to operating activities | 491.70M | -174.16M | -377.18M | 200.60M | 56.98M |
| Net income | -761.99M | 515.10M | -2680.26M | -181.25M | -186.74M |
| Change in cash | 1281.02M | -1407.96M | 759.26M | -303.84M | 465.55M |
| Begin period cash flow | 1708.47M | 3116.44M | 2357.18M | 2661.02M | 2195.47M |
| End period cash flow | 2989.49M | 1708.47M | 3116.44M | 2357.18M | 2661.02M |
| Total cash from operating activities | 2602.29M | 1387.92M | 714.24M | 707.36M | 704.97M |
| Issuance of capital stock | 0.00M | 0.00M | 3738.75M | 0.57M | 42.71M |
| Depreciation | 1595.94M | 1267.58M | 988.98M | 772.21M | 634.61M |
| Other cashflows from investing activities | -0.50M | -45.87M | 181.04M | -36.70M | 0.41M |
| Dividends paid | - | - | -3098.69M | -2267.63M | 0.00M |
| Change to inventory | - | 378.18M | -289.68M | -247.81M | -1.12M |
| Change to account receivables | -381.19M | -533.32M | -171.61M | -156.13M | -68.81M |
| Sale purchase of stock | 0.00M | -1701.81M | -132.49M | -21.62M | 0.43M |
| Other cashflows from financing activities | 2734.31M | 5408.12M | 6425.50M | 4462.61M | 406.32M |
| Change to netincome | 1237.36M | 115.84M | 2944.26M | 128.30M | 260.55M |
| Capital expenditures | 3052.90M | 2734.21M | 2503.42M | 1275.35M | 453.09M |
| Change receivables | - | - | - | 0.00M | 0.00M |
| Cash flows other operating | - | - | - | 0.00M | 0.00M |
| Exchange rate changes | - | - | - | 0.00M | 0.00M |
| Cash and cash equivalents changes | - | - | - | 0.00M | 0.00M |
| Change in working capital | 594.05M | -507.04M | -509.65M | -10.86M | 14.88M |
| Stock based compensation | 118.17M | 320.01M | 136.80M | 43.92M | 59.54M |
| Other non cash items | 1038.23M | -208.05M | 2800.88M | 148.22M | 202.46M |
| Free cash flow | -450.61M | -1346.29M | -1789.18M | -567.99M | 251.87M |
Sector: Technology Industry: Information Technology Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| VNET VNET Group Inc DRC |
0.01 0.32% |
3.16 | - | 2000.00 | 0.06 | 0.47 | 0.32 | 1.23 |
| IBM International Business Machines |
-2.11 0.85% |
245.00 | 22.06 | 18.73 | 3.39 | 6.81 | 4.22 | 16.61 |
| ACN Accenture plc |
- -% |
260.50 | 16.00 | 14.29 | 1.66 | 3.84 | 1.65 | 9.80 |
| INFY Infosys Ltd ADR |
-0.30 2.34% |
12.50 | 25.55 | 22.78 | 4.20 | 8.01 | 4.10 | 15.87 |
| FJTSF Fujitsu Limited |
- -% |
21.93 | 21.97 | 14.84 | 0.01 | 3.44 | 1.86 | 11.66 |
VNET Group, Inc., an investment holding company, provides hosting and related services in China. The company offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; and value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services. It also provides cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN services that extend customers' private networks by setting up connections through the public internet. In addition, the company provides server administration services, such as operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1996 and is headquartered in Beijing, the People's Republic of China.
| Name | Title | Year Born |
|---|---|---|
| Mr. Sheng Chen | Co-Founder & Exec. Chairman | 1969 |
| Mr. Jeff Dong | Pres & CEO | NA |
| Mr. Tim Chen | Chief Financial Officer | 1975 |
| Xinyuan Liu | Director of Investor Relations | NA |
| Mr. Wing-Dar Ker | Sr. VP | 1961 |
| Mr. Shiqi Wang | Rotating CEO Member of 21Vianet Group & CEO of Wholesale IDC Bus. Group | 1977 |
| Mr. Chenggang Shen | Sr. VP and GM of East & South China Bus. | 1982 |
| Mr. Liang Zhao | Sr. VP and GM of North China Bus. | 1976 |
| Mr. Qihang Liu | Sr. VP & CEO of VNET Blue Cloud | 1972 |
| Mr. Sheng Chen | Co-Founder & Executive Co-Chairman | 1969 |
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