Wingstop (WING) Receives a Buy from Wells Fargo
Confident Investing Starts Here:
According to TipRanks, Fadem is a 5-star analyst with an average return of 9.8% and a 60.72% success rate. Fadem covers the Consumer Cyclical sector, focusing on stocks such as Wingstop, AutoZone, and Best Buy Co.
In addition to Wells Fargo, Wingstop also received a Buy from Truist Financial's Jake Bartlett in a report issued on May 27. However, on May 14, Truist Financial maintained a Hold rating on Wingstop (NASDAQ: WING).
The company has a one-year high of $433.86 and a one-year low of $204.00. Currently, Wingstop has an average volume of 894.6K.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WING in relation to earlier this year. Earlier this month, Michael Skipworth, the President & CEO of WING sold 10,000.00 shares for a total of $3,373,343.00.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
VNET Reports Unaudited Second Quarter 2025 Financial Results
BEIJING, Aug. 21, 2025 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2025. "We delivered strong second quarter results thanks to continued effective strategic execution," said Josh Sheng Chen, Founder, Executive Chairperson and interim Chief Executive Officer of VNET. "Our wholesale IDC business continued to grow rapidly, driven by our wholesale data centers' fast move-in pace. In the second quarter, our wholesale capacity in service increased by 101MW quarter over quarter to 674MW, with utilized wholesale capacity growing by 74MW quarter over quarter to 511MW. Our high-performance data centers and premium IDC services continue to attract customers from various industries. In the second quarter, we secured a combined capacity of around 4MW in retail orders. Furthermore, we recently won a 20MW wholesale order through the JV project we operate in Hebei Province." "In late June, we unveiled our Hyperscale 2.0 framework, encompassing our vision for the future of AIDCs and our blueprint for growing the capacity of our data center assets under management to 10GW by 2036. As a pioneer in AIDC development, we are poised to strengthen our leadership under Hyperscale 2.0, supported by our strong fundamentals, deep industry know-how, and innovative technologies. Looking ahead, we will sharpen our competitive advantages with faster deliveries and consistently reliable IDC services as we embark on our ambitious Hyperscale 2.0 framework for building greener, more intelligent data centers for the AI era." Qiyu Wang, Chief Financial Officer of VNET, commented, "We maintained our business's vibrant momentum with strong financial results during the second quarter. Our total net revenues rose 22.1% year over year to RMB2.43 billion, driven by significant wholesale revenue growth of 112.5% year over year. Adjusted EBITDA also increased by 27.7% year over year to RMB732.5 million, with an adjusted EBITDA margin of 30.1%, up 1.3 percentage points year over year. With our effective business strategy and healthy balance sheet, we're well-positioned to lead the AIDC transformation and capture surging AI-driven opportunities, delivering sustainable, long-term value for our stakeholders." Second Quarter 2025 Financial Highlights Total net revenues increased by 22.1% to RMB2.43 billion (US$339.8 million) from RMB1.99 billion in the same period of 2024. • Net revenues from the IDC business[1] increased by 32.6% to RMB1.81 billion (US$253.1 million) from RMB1.37 billion in the same period of 2024. • Net revenues from the wholesale IDC business ("wholesale revenues") increased by 112.5% to RMB854.1 million (US$119.2 million) from RMB402.0 million in the same period of 2024. • Net revenues from the retail IDC business ("retail revenues") held fairly steady at RMB958.7 million (US$133.8 million) compared with RMB964.8 million in the same period of 2024. • Net revenues from the non-IDC business[2] remained relatively stable at RMB621.4 million (US$86.7 million) compared with RMB627.0 million in the same period of 2024. Adjusted cash gross profit (non-GAAP) increased by 34.9% to RMB1.06 billion (US$148.2 million) from RMB787.3 million in the same period of 2024. Adjusted cash gross margin (non-GAAP) was 43.6%, compared with 39.5% in the same period of 2024. Adjusted EBITDA (non-GAAP) increased by 27.7% to RMB732.5 million (US$102.2 million) from RMB573.8 million in the same period of 2024. Adjusted EBITDA margin (non-GAAP) was 30.1%, compared with 28.8% in the same period of 2024. Second Quarter 2025 Operational Highlights Wholesale IDC Business Capacity in service was 674MW as of June 30, 2025, compared with 573MW as of March 31, 2025, and 332MW as of June 30, 2024. Capacity under construction was 326MW as of June 30, 2025. Capacity utilized by customers reached 511MW as of June 30, 2025, compared with 437MW as of March 31, 2025, and 252MW as of June 30, 2024. The sequential increase during the second quarter of 2025 was 74MW, which was mainly contributed by the N-OR Campus 01 and E-JS Campus 03 data centers. Utilization rate[3] of wholesale capacity was 75.9% as of June 30, 2025, compared with 76.2% as of March 31, 2025, and 75.9% as of June 30, 2024. • Utilization rate of mature wholesale capacity[4] was 94.6% as of June 30, 2025, compared with 94.5% as of March 31, 2025, and 94.9% as of June 30, 2024. • Utilization rate of ramp-up wholesale capacity[5] was 20.8% as of June 30, 2025, compared with 32.1% as of March 31, 2025, and 45.7% as of June 30, 2024. Total capacity committed[6] was 674MW as of June 30, 2025, compared with 571MW as of March 31, 2025, and 326MW as of June 30, 2024. Commitment rate[7] for capacity in service was 100% as of June 30, 2025, compared with 99.7% as of March 31, 2025, and 98.1% as of June 30, 2024. Total capacity pre-committed[8] was 180MW and pre-commitment rate[9] for capacity under construction was 55.2% as of June 30, 2025. Retail IDC Business[10] Capacity in service was 52,131 cabinets as of June 30, 2025, compared with 51,960 cabinets as of March 31, 2025, and 52,177 cabinets as of June 30, 2024. Capacity utilized by customers reached 33,292 cabinets as of June 30, 2025, compared with 33,093 cabinets as of March 31, 2025, and 33,253 cabinets as of June 30, 2024. Utilization rate of retail capacity was 63.9% as of June 30, 2025, compared with 63.7 % as of March 31, 2025, and 63.7% as of June 30, 2024. • Utilization rate of mature retail capacity[11] was 68.6% as of June 30, 2025, compared with 69.1% as of March 31, 2025, and 72.5% as of June 30, 2024. • Utilization rate of ramp-up retail capacity[12] was 26.4% as of June 30, 2025, compared with 21.5% as of March 31, 2025, and 12.7% as of June 30, 2024. Monthly recurring revenue (MRR) per retail cabinet was RMB8,915 in the second quarter of 2025, compared with RMB8,898 in the first quarter of 2025 and RMB8,753 in the second quarter of 2024. [1] IDC business refers to managed hosting services, consisting of the wholesale IDC business and the retail IDC business. Beginning in the first quarter of 2024, our IDC business was subdivided into wholesale IDC business and retail IDC business according to the nature and scale of our data center projects. Prior to 2024, the subdivision was based on customer contract types. [2] Non-IDC business consists of cloud services and VPN services. [3] Utilization rate is calculated by dividing capacity utilized by customers by the capacity in service. [4] Mature wholesale capacity refers to wholesale data centers in which utilization rate is at or above 80%. [5] Ramp-up wholesale capacity refers to wholesale data centers in which utilization rate is below 80%. [6] Total capacity committed is the capacity committed to customers pursuant to customer agreements remaining in effect. [7] Commitment rate is calculated by total capacity committed divided by total capacity in service. [8] Total capacity pre-committed is the capacity under construction which is pre-committed to customers pursuant to customer agreements remaining in effect. [9] Pre-commitment rate is calculated by total capacity pre-committed divided by total capacity under construction. [10] For retail IDC business, since the first quarter of 2024, we have excluded a certain number of reserved cabinets from the capacity in service. Reserved cabinets refer to those that have not been utilized on a large scale, those that are planned to be closed, or those that are planned to be further upgraded. As of June 30, 2024, March 31, 2025, and June 30, 2025, 4,150, 3,766 and 3,791 reserved cabinets, respectively, were excluded from the calculation of utilization rate of retail IDC business capacity. [11] Mature retail capacity refers to retail data centers that came into service prior to the past 24 months. [12] Ramp-up retail capacity refers to retail data centers that came into service within the past 24 months, or mature retail data centers that have undergone improvements within the past 24 months. Second Quarter 2025 Financial Results TOTAL NET REVENUES: Total net revenues in the second quarter of 2025 were RMB2.43 billion (US$339.8 million), representing an increase of 22.1% from RMB1.99 billion in the same period of 2024. The year-over-year increase was mainly driven by the continued growth of our wholesale IDC business. Net revenues from IDC business increased by 32.6% to RMB1.81 billion (US$253.1 million) from RMB1.37 billion in the same period of 2024. The year-over-year increase was mainly driven by an increase in wholesale revenues. Wholesale revenues increased by 112.5% to RMB854.1 million (US$119.2 million) from RMB402.0 million in the same period of 2024. Retail revenues decreased slightly to RMB958.7 million (US$133.8 million) from RMB964.8 million in the same period of 2024. Net revenues from non-IDC business decreased slightly by 0.9% to RMB621.4 million (US$86.7 million) from RMB627.0 million in the same period of 2024. GROSS PROFIT: Gross profit in the second quarter of 2025 was RMB547.7 million (US$76.5 million), representing an increase of 28.9% from RMB424.9 million in the same period of 2024. Gross margin in the second quarter of 2025 was 22.5%, compared with 21.3% in the same period of 2024. ADJUSTED CASH GROSS PROFIT (non-GAAP), which excludes depreciation, amortization, and share-based compensation expenses, was RMB1.06 billion (US$148.2 million) in the second quarter of 2025, compared with RMB787.3 million in the same period of 2024. Adjusted cash gross margin (non-GAAP) in the second quarter of 2025 was 43.6%, compared with 39.5% in the same period of 2024. OPERATING EXPENSES: Total operating expenses in the second quarter of 2025 were RMB374.7 million (US$52.3 million), compared with RMB230.3 million in the same period of 2024. Sales and marketing expenses were RMB70.0 million (US$9.8 million) in the second quarter of 2025, compared with RMB58.2 million in the same period of 2024. Research and development expenses were RMB67.6 million (US$9.4 million) in the second quarter of 2025, compared with RMB62.0 million in the same period of 2024. General and administrative expenses were RMB212.5 million (US$29.7 million) in the second quarter of 2025, compared with RMB107.3 million in the same period of 2024. ADJUSTED OPERATING EXPENSES (non-GAAP), which exclude share-based compensation expenses, were RMB365.6 million (US$51.0 million) in the second quarter of 2025, compared with RMB243.2 million in the same period of 2024. As a percentage of total net revenues, adjusted operating expenses (non-GAAP) in the second quarter of 2025 were 15.0%, compared with 12.2% in the same period of 2024. ADJUSTED EBITDA (non-GAAP): Adjusted EBITDA in the second quarter of 2025 was RMB732.5 million (US$102.2 million), representing an increase of 27.7% from RMB573.8 million in the same period of 2024. Adjusted EBITDA margin (non-GAAP) in the second quarter of 2025 was 30.1%, compared with 28.8% in the same period of 2024. NET LOSS/INCOME ATTRIBUTABLE TO VNET GROUP, INC.: Net loss attributable to VNET Group, Inc. in the second quarter of 2025 was RMB11.9 million (US$1.7 million), compared with a net income attributable to VNET Group, Inc. of RMB63.7 million in the same period of 2024, mainly due to the increase in interest expenses and income tax expenses. LOSS PER SHARE: Basic and diluted loss per share in the second quarter of 2025 were both RMB0.01 (US$0.1 cent), which represents the equivalent of RMB0.06 (US$0.01) per American depositary share ("ADS"), respectively. Each ADS represents six Class A ordinary shares. LIQUIDITY: As of June 30, 2025, the aggregate amount of the Company's cash and cash equivalents, restricted cash and short-term investments was RMB4.66 billion (US$651.1 million). Total short-term debt, consisting of short-term bank borrowings and the current portion of long-term borrowings, was RMB2.73 billion (US$380.5 million). Total long-term debt was RMB14.65 billion (US$2.05 billion), comprised of long-term borrowings of RMB9.48 billion (US$1.32 billion) and convertible notes of RMB5.18 billion (US$722.7 million). Net cash generated from operating activities in the second quarter of 2025 was RMB366.6 million (US$51.2 million), compared with RMB405.2 million in the same period of 2024. During the second quarter of 2025, the Company obtained new debt financing, refinancing facilities and other financings of RMB1.27 billion (US$176.7 million). Share Repurchase Program The Company's Board of Directors authorized a share repurchase program on June 27, 2025, under which the Company may repurchase up to US$50 million of its ADSs, each representing six Class A ordinary shares of the Company, over the ensuing 12-month period. Business Outlook The Company expects total net revenues for 2025 to be between RMB9,150 million to RMB9,350 million, representing year-over-year growth of 11% to 13%, and adjusted EBITDA (non-GAAP) to be in the range of RMB2,760 million to RMB2,820 million, representing year-over-year growth of 14% to 16%. If the RMB87.7 million disposal gain of E-JS02 data center were excluded from the adjusted EBITDA calculation for 2024, year-over-year growth would be 18% to 20%. The above outlook remains unchanged from the estimates the Company provided on June 27, 2025. The forecast reflects the Company's current and preliminary views on the market and its operational conditions and is subject to change. Conference Call The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, August 21, 2025, or 8:00 PM Beijing Time on Thursday, August 21, 2025. For participants who wish to join the call, please access the links provided below to complete the online registration process. English line: Chinese line (listen-only mode): Participants can choose between the English and Chinese options for pre-registration above. Please note that the Chinese option will be in listen-only mode. Upon registration, each participant will receive an email containing details for the conference call, including dial-in numbers, a conference call passcode and a unique access PIN, which will be used to join the conference call. Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at A replay of the conference call will be accessible through August 28, 2025, by dialing the following numbers: US/Canada: 1 855 883 1031 Mainland China: 400 1209 216 Hong Kong, China: 800 930 639 International: +61 7 3107 6325 Reply PIN (English line): 10049370 Reply PIN (Chinese line): 10049371 Non-GAAP Disclosure In evaluating its business, VNET considers and uses the following non-GAAP measures defined as non-GAAP financial measures by the U.S. Securities and Exchange Commission as a supplemental measure to review and assess its operating performance: adjusted cash gross profit, adjusted cash gross margin, adjusted operating expenses, adjusted EBITDA and adjusted EBITDA margin. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and non-GAAP results" set forth at the end of this press release. The non-GAAP financial measures are provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the Company's current financial performance and prospects for the future. These non-GAAP financial measures should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for, or superior to, U.S. GAAP results. In addition, the Company's calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited. Exchange Rate This announcement contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB7.1636 to US$1.00, the noon buying rate in effect on June 30, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred to could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release. Statement Regarding Unaudited Condensed Financial Information The unaudited financial information set forth above is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company's year-end audit, which could result in significant differences from this preliminary unaudited condensed financial information. About VNET VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises. Safe Harbor Statement This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "target," "believes," "estimates" and similar statements. Among other things, quotations from management in this announcement as well as VNET's strategic and operational plans, including the plan to sign a definitive agreement on a pre-REITs project, contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET's goals and strategies; VNET's liquidity conditions; VNET's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET's services; VNET's expectations regarding keeping and strengthening its relationships with customers; VNET's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET's reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law. Investor Relations Contact: Xinyuan LiuTel: +86 10 8456 2121Email: ir@ VNET GROUP, INC. CONSOLIDATED BALANCE SHEETS (Amount in thousands of Renminbi ("RMB") and US dollars ("US$")) As of As of December 31, 2024June 30, 2025 RMB RMB US$ Assets Current assets: Cash and cash equivalents 1,492,4362,918,345407,385 Restricted cash 545,795458,32163,979 Short-term Investments -1,244,183173,681 Accounts and notes receivable, net 1,655,9842,216,078309,353 Amounts due from related parties 336,360401,72356,078 Prepaid expenses and other current assets 2,789,5732,939,878410,394 Total current assets 6,820,14810,178,5281,420,870 Non-current assets: Restricted cash 42,84243,4176,061 Derivative financial instruments 6,76816,3072,276 Long-term investments, net 794,688787,383109,914 Property and equipment, net 17,216,63519,857,6522,772,021 Intangible assets, net 1,403,7871,938,715270,634 Land use rights, net 766,213901,386125,829 Operating lease right-of-use assets, net 4,618,2125,057,531706,004 Deferred tax assets, net 306,623349,80648,831 Other non-current assets 381,126577,63480,635 Total non-current assets 25,536,89429,529,8314,122,205 Total assets 32,357,04239,708,3595,543,075 Liabilities and Shareholders' Equity Current liabilities: Short-term bank borrowings 589,000929,997129,823 Current portion of long-term borrowings 1,420,1901,795,594250,655 Current portion of finance lease liabilities 208,299249,92934,889 Current portion of operating lease liabilities 899,818944,491131,846 Accounts and notes payable 709,260754,367105,306 Amounts due to related parties 355,679409,63657,183 Income taxes payable 69,56944,1636,165 Advances from customers 1,378,8061,289,187179,964 Deferred revenue 87,83082,32511,492 Current portion of deferred government grants 6,72757,1337,975 Accrued expenses and other payables 3,618,2373,888,806542,856 Total current liabilities 9,343,41510,445,6281,458,154 Non-current liabilities: Long-term borrowings 7,767,3909,476,3931,322,853 Convertible notes 1,897,7385,176,772722,650 Non-current portion of finance lease liabilities 1,532,3091,577,599220,224 Non-current portion of operating lease liabilities 3,779,2934,186,863584,464 Unrecognized tax benefits 107,850107,85015,055 Deferred tax liabilities 734,404898,530125,430 Deferred government grants 273,824219,10430,586 Total non-current liabilities 16,092,80821,643,1113,021,262 Mezzanine equity: Redeemable non-controlling interests -869,838121,425 Total mezzanine equity -869,838121,425 Shareholders' equity Ordinary shares 11211216 Treasury stock (161,892)(161,892)(22,599) Additional paid-in capital 17,298,69217,349,5172,421,899 Statutory reserves 107,380113,29215,815 Accumulated other comprehensive loss (18,504)(15,818)(2,208) Accumulated deficit (10,859,888)(11,115,339)(1,551,641) Total VNET Group, Inc. shareholders' equity 6,365,9006,169,872861,282 Noncontrolling interest 554,919579,91080,952 Total shareholders' equity 6,920,8196,749,782942,234 Total liabilities and shareholders' equity 32,357,04239,708,3595,543,075 VNET GROUP, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Amount in thousands of Renminbi ("RMB") and US dollars ("US$") except for number of shares and per share data) Three months ended Six months ended June 30, 2024March 31, 2025June 30, 2025June 30, 2024June 30, 2025 RMB RMB RMB US$ RMB RMB US$ Net revenues 1,993,7602,246,2202,434,205339,8023,891,8864,680,425653,362 Cost of revenues (1,568,865)(1,680,879)(1,886,470)(263,341)(3,056,270)(3,567,349)(497,983) Gross profit 424,895565,341547,73576,461835,6161,113,076155,379 Operating income (expenses) Operating income (loss) -1,461(1,143)(160)3,94931844 Sales and marketing expenses (58,225)(64,346)(69,963)(9,766)(129,968)(134,309)(18,749) Research and development expenses (61,998)(43,603)(67,570)(9,432)(137,387)(111,173)(15,519) General and administrative expenses (107,297)(179,770)(212,473)(29,660)(333,594)(392,243)(54,755) Allowance for doubtful debt (2,753)(30,552)(23,568)(3,290)2,422(54,120)(7,555) Total operating expenses (230,273)(316,810)(374,717)(52,308)(594,578)(691,527)(96,534) Operating profit 194,622248,531173,01824,153241,038421,54958,845 Interest income 5,4496,75116,8692,35517,57823,6203,297 Interest expense (92,172)(100,653)(157,508)(21,987)(229,854)(258,161)(36,038) Other income 30,4751,8115,23473135,2897,045985 Other expenses (6,900)(2,438)(5,499)(768)(8,322)(7,937)(1,108) Changes in the fair value of financial instruments 712(334,904)70,4049,8284,570(264,500)(36,922) Foreign exchange (loss) gain (4,387)9,5279,2581,292(32,748)18,7852,622 Income (loss) before income taxes and gain from equity method investments 127,799(171,375)111,77615,60427,551(59,599)(8,319) Income tax expenses (59,149)(52,062)(95,048)(13,268)(120,533)(147,110)(20,536) Gain from equity method investments 3,1993,2144165,8053,255454 Net income (loss) 71,849(220,223)16,7692,342(87,177)(203,454)(28,401) Net income attributable to noncontrolling interest (8,174)(17,335)(13,656)(1,906)(36,153)(30,991)(4,326) Net income attributable to redeemable non-controlling interests --(15,027)(2,098)-(15,027)(2,098) Net income (loss) attributable to the VNET Group, Inc. 63,675(237,558)(11,914)(1,662)(123,330)(249,472)(34,825) Accretion to redemption amount of redeemable non-controlling interests --(67)(9)-(67)(9) Net profit (loss) attributable to the Company's ordinary shareholders 63,675(237,558)(11,981)(1,671)(123,330)(249,539)(34,834) Earnings (loss) per share Basic 0.04(0.15)(0.01)(0.00)(0.08)(0.16)(0.02) Diluted 0.04(0.15)(0.01)(0.00)(0.08)(0.16)(0.02) Shares used in earnings (loss) per share computation Basic* 1,594,662,0991,608,799,8421,610,484,7261,610,484,7261,581,481,2291,609,646,9391,609,646,939 Diluted* 1,595,517,3381,608,799,8421,610,484,7261,610,484,7261,581,481,2291,609,646,9391,609,646,939 Earnings (loss) per ADS (6 ordinary shares equal to 1 ADS) Basic 0.24(0.90)(0.06)(0.01)(0.48)(0.96)(0.12) Diluted 0.24(0.90)(0.06)(0.01)(0.48)(0.96)(0.12) * Shares used in (loss) earnings per share/ADS computation were computed under weighted average method. VNET GROUP, INC. RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (Amount in thousands of Renminbi ("RMB") and US dollars ("US$")) Three months ended Six months ended June 30, 2024March 31, 2025June 30, 2025June 30, 2024June 30, 2025 RMB RMB RMB US$ RMB RMB US$ Gross profit 424,895565,341547,73576,461835,6161,113,076155,379 Plus: depreciation and amortization 364,616402,399513,89171,736717,220916,290127,909 Plus: share-based compensation expenses (2,190)10919627-30543 Adjusted cash gross profit 787,321967,8491,061,822148,2241,552,8362,029,671283,331 Adjusted cash gross margin 39.5 %43.1 %43.6 %43.6 %39.9 %43.4 %43.4 % Operating expenses (230,273)(316,810)(374,717)(52,308)(594,578)(691,527)(96,534) Plus: share-based compensation expenses (12,962)6,3299,1631,27998,71915,4922,163 Adjusted operating expenses (243,235)(310,481)(365,554)(51,029)(495,859)(676,035)(94,371) Operating profit 194,622248,531173,01824,153241,038421,54958,845 Plus: depreciation and amortization 394,334427,440550,08776,789773,885977,527136,458 Plus: share-based compensation expenses (15,152)6,4389,3591,30698,71915,7972,206 Adjusted EBITDA 573,804682,409732,464102,2481,113,6421,414,873197,509 Adjusted EBITDA margin 28.8 %30.4 %30.1 %30.1 %28.6 %30.2 %30.2 % VNET GROUP, INC. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Amount in thousands of Renminbi ("RMB") and US dollars ("US$")) Three months ended June 30, 2024March 31, 2025June 30, 2025 RMB RMB RMB US$ CASH FLOWS FROM OPERATING ACTIVITIES Net cash generated from operating activities 405,204195,713366,59651,174 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property and equipment (998,489)(1,792,051)(1,870,296)(261,083) Purchases of intangible assets (7,594)(33,952)(24,388)(3,404) Payments for investments (138,224)(21,440)(1,216,168)(169,771) Proceeds from (payments for) other investing activities 117,209(37,327)(171,213)(23,900) Net cash used in investing activities (1,027,098)(1,884,770)(3,282,065)(458,158) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from bank borrowings 690,8481,893,3861,004,537140,228 Repayments of bank borrowings (533,324)(369,366)(381,728)(53,287) Proceeds from issuance of 2030 Convertible Notes -3,015,117-- Payments for finance leases (9,586)(37,950)(44,471)(6,208) Contribution from noncontrolling interest in a subsidiary -635,000(4,555)(636) Proceeds from other financing activities 516,493230,4358,8751,239 Net cash generated from financing activities 664,4315,366,622582,65881,336 Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 3,3709,020(14,764)(2,061) Net increase (decrease) in cash, cash equivalents and restricted cash 45,9073,686,585(2,347,575)(327,709) Cash, cash equivalents and restricted cash at beginning of period 2,089,9262,081,0735,767,658805,134 Cash, cash equivalents and restricted cash at end of period 2,135,8335,767,6583,420,083477,425 View original content: SOURCE VNET Group, Inc.
Yahoo
25 minutes ago
- Yahoo
2 Russell 2000 Stocks with Competitive Advantages and 1 Facing Headwinds
The Russell 2000 (^RUT) is home to many small-cap stocks, offering investors the chance to uncover hidden gems before the broader market catches on. However, these companies often come with higher volatility and risk, as their smaller size makes them more vulnerable to economic downturns. The high-risk, high-reward nature of the Russell 2000 makes stock selection critical, and we're here to guide you toward the right ones. That said, here are two Russell 2000 stocks that could deliver strong gains and one best left off your watchlist. One Stock to Sell: Inspired (INSE) Market Cap: $225.9 million Specializing in digital casino gaming, Inspired (NASDAQ:INSE) is a provider of gaming hardware, virtual sports platforms, and server-based gaming systems. Why Are We Cautious About INSE? 1.1% annual revenue growth over the last two years was slower than its consumer discretionary peers Projected sales are flat for the next 12 months, implying demand will slow from its two-year trend Poor free cash flow margin of 1.8% for the last two years limits its freedom to invest in growth initiatives, execute share buybacks, or pay dividends Inspired's stock price of $8.39 implies a valuation ratio of 2.2x forward EV-to-EBITDA. If you're considering INSE for your portfolio, see our FREE research report to learn more. Two Stocks to Watch: Urban Outfitters (URBN) Market Cap: $6.58 billion Founded as a purveyor of vintage items, Urban Outfitters (NASDAQ:URBN) now largely sells new apparel and accessories to teens and young adults seeking on-trend fashion. Why Are We Positive On URBN? Same-store sales growth averaged 4.2% over the past two years, showing it's bringing new and repeat shoppers into its stores Demand will likely accelerate over the next 12 months as its forecasted revenue growth of 8.1% is above its six-year trend Earnings per share grew by 46.7% annually over the last five years and trumped its peers Urban Outfitters is trading at $72.86 per share, or 16.4x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. Graham Corporation (GHM) Market Cap: $527 million Founded when its founder patented a unique design for a vacuum system used in the sugar refining process, Graham (NYSE:GHM) provides vacuum and heat transfer equipment for the energy, petrochemical, refining, and chemical sectors. Why Will GHM Beat the Market? Sales pipeline is in good shape as its backlog averaged 21.7% growth over the past two years Operating margin expanded by 4.4 percentage points over the last five years as it scaled and became more efficient Additional sales over the last two years increased its profitability as the 145% annual growth in its earnings per share outpaced its revenue At $48.01 per share, Graham Corporation trades at 27.6x forward EV-to-EBITDA. Is now a good time to buy? See for yourself in our full research report, it's free. High-Quality Stocks for All Market Conditions When Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that's already erased most losses. Don't let fear keep you from great opportunities and take a look at Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
25 minutes ago
- Yahoo
Polaris Forge 2: Applied Digital's (APLD) $3B Bet on AI Data Center Growth
Applied Digital Corporation (NASDAQ:APLD) is one of the On August 18, the company announced that it plans to start building its next AI data center —the Polaris Forge 2—near Harwood, North Dakota, in September 2025. The $3 billion, 280-megawatt (MW) AI Factory is expected to begin operations in 2026 and reach full capacity in 2027. Following the success of Applied Digital's Polaris Forge 1 Ellendale campus, the facility will begin with 280MW initial capacity with the ability to scale beyond. The said project has emerged due to the increasing demand for AI computing capacity, particularly fueled by the growing interest from hyperscalers, enterprises, and research organizations. A group of engineers in a data center, ensuring IT resiliency. 'We believe Polaris Forge 2 represents the next stage in Applied Digital's rapid growth and our position as a leader in delivering high-performance AI infrastructure. The demand for AI capacity continues to accelerate, and North Dakota continues to be one of the most strategic locations in the country to meet that need. We have strong interest from multiple parties and are in advanced negotiations with a U.S. based investment-grade hyperscaler for this campus, making it both timely and prudent to proceed with groundbreaking and site development. We believe this new campus will strengthen our operations, increase our ability to scale, and create lasting value for both our customers and the communities we serve.' -Wes Cummins, CEO of Applied Digital. Applied Digital Corporation (NASDAQ:APLD) is a technology company engaged in designing, developing, and operating digital infrastructure solutions and cloud services in high-performance computing (HPC) and artificial intelligence. While we acknowledge the potential of APLD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
