GDS-SW (09698) shares surged more than 9% in early trading, reaching a 9.47% gain to 33.98 Hong Kong dollars, with a turnover of 46.2931 million Hong Kong dollars at the time of writing.

The company released its second-quarter results, showing net revenue increased by 6.5% year-on-year to 3.088 billion yuan. Net profit reached 838 million yuan, compared to a net loss of 70.584 million yuan in the same period last year, achieving a turnaround to profitability.

According to the announcement, as of the end of the second quarter of 2026, GDS-SW had a total signed and pre-signed area of 784,800 square meters, an increase of 18.2% year-on-year and 8.2% quarter-on-quarter. During the second quarter of 2026, total signed area growth was 64,800 square meters, while net signed area growth was 59,300 square meters.