Significant Revenue Growth
Total net revenues increased by 21.7% year over year to RMB 2.58 billion for the third quarter.
Wholesale IDC Business Expansion
Wholesale capacity in service grew by 16.1% quarter over quarter to 783 megawatts, with a utilization rate of 74.3%.
Strong Adjusted EBITDA Growth
Adjusted EBITDA increased by 27.5% year over year to RMB 758 million.
Full-Year Guidance Increase
Company increased full-year revenue and adjusted EBITDA guidance due to faster than anticipated move-ins among wholesale IDC customers.
Wholesale Revenue Surge
Wholesale revenues increased by 82.7% year over year to RMB 956 million.
Strong Liquidity Position
Net operating cash flow for the first nine months of 2025 was RMB 1.37 billion, with a solid cash position of RMB 5.33 billion.
ESG Score Improvement
ESG score improved to 73 from 70, ranking among the top 8% of the IT service industry globally.