Movement Alert|VNET Group Rises 8.95% in Regular Trading, Q1 Revenue Beats Expectations as CATL Strategic Investment Catalyzes Shares

Market Focus
05/27

On May 27, VNET Group rose 8.95% in regular trading, trading at $10.66/share, with trading volume of approximately $28.32 million.

The rally was driven by a combination of better-than-expected Q1 results and a transformative strategic investment. VNET reported Q1 revenue of 2.69 billion RMB, up 19.8% year-over-year, slightly beating the FactSet consensus estimate of 2.68 billion RMB. Adjusted EBITDA surged 30.6% to 892 million RMB. Notably, wholesale IDC revenue of 1.06 billion RMB grew 58.1% and surpassed retail IDC revenue for the first time, marking a structural milestone.

Simultaneously, Shangan Holdings announced the sale of its approximately 38.78% stake in VNET to a CATL-affiliated entity for $942 million, with closing expected in Q4. The partnership aims to build a green energy plus high-efficiency computing ecosystem, integrating battery storage technology with data center power demands. The company maintained full-year revenue guidance of 11.5-11.8 billion RMB and capital expenditure of 10-12 billion RMB.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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