On June 3, GDS Holdings-SW fell 3.1% in regular trading, trading at HK$34.96/share, with trading volume of HK$57.69 million. The stock resumed its downward pressure after a multi-day rebound supported by major investment banks maintaining buy ratings.

On the news front, the company's Q1 net profit of RMB 2.652 billion was largely driven by a one-time investment gain of RMB 2.136 billion from DayOne equity operations, accounting for over 80% of the total. Excluding this non-recurring item, core business revenue growth decelerated to single digits, fueling ongoing market skepticism regarding earnings quality. Simultaneously, management reiterated a massive three-year capex plan of RMB 30-50 billion, while operating cash flow contracted, intensifying concerns over near-term financial pressure and suppressing valuation recovery momentum.

Within the Internet Services and Infrastructure sector, the broader sector showed weakness. Among peers, Kingsoft Cloud fell 4.85%, SUNeVision fell 3.59%, Crypto Flow fell 3.88%, Nexion Tech fell 5.13%, and Byte Meta was flat.

(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.)