21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), a
leading carrier-neutral internet data center services provider in
China, today announced its unaudited financial results for the
third quarter of 2016. The Company will hold a conference call at
8:00 p.m. Eastern Time on November 28, 2016. Dial-in details are
provided at the end of the release.
Third Quarter 2016 Financial
Highlights
- Net revenues increased to RMB968.0 million (US$145.2 million)
from RMB924.1 million in the comparative period in 2015
Mr. Steve Zhang, Chief Executive Officer of the
Company, stated, "We are very pleased to report continued growth in
our core businesses during the third quarter of 2016. Not only did
we add over 2,300 new cabinets in our self-built data centers,
including our latest one in Beijing, but we also solidly increased
our data center utilization rate to 77.9% despite the new
additions. Additionally, our cloud business continues to perform
well and is gaining further momentum driven by our existing
Microsoft cloud business. Meanwhile, we are thrilled to announce
the General Availability of IBM Bluemix Services in China in late
October. This partnership continues to deepen as our respective
teams further cooperate and target a wider range of cooperation
opportunities for emerging cloud businesses going forward. More
recently, we signed a strategic agreement with Warburg Pincus to
establish a joint venture to create a dedicated vehicle for our
digital real estate business. With strong demand for data center
space driven by the high growth in internet traffic, we are aiming
to build out 80,000 to 100,000 cabinets over the next five to seven
years. While the company stays focused on its core retail
colocation and cloud services, the JV will help strengthen our IDC
competitive advantages through broader product offerings and
specialized business solutions. By separating the capital intensive
data center infrastructure layer from the Company’s asset light
business, we are confident that we will lessen our dependence on
Capex, improve our free cash flow, capital structure and
shareholders’ value.”
Mr. Terry Wang, Chief Financial Officer of the
Company, commented, "Driven by improving growth in our core
business, our total revenues in the third quarter of 2016 increased
to RMB968.0 million. We are pleased to see that both our revenue
and adjusted EBITDA beat our guidance. Our overall number of
cabinets reached 26,184 as end of September 2016, 72% of which are
self-built cabinets, as we continued structural shift to more
self-built data centers. As a result of a strong quarter of cabinet
sales, we are glad to report a utilization rate of 77.9% for the
third quarter of 2016, improved from 76.2% in the second quarter
and 71.8% in the same period last year. Hosting churn rate improved
to 0.95% in the third quarter from 1.06% in the second quarter of
2016. Although the pricing environment remained challenging as a
result of intensifying competition, we believe that our
restructuring effort has put us on track to improve both top line
growth as well as margin expansion going forward."
Third Quarter 2016 Financial
Results
REVENUES: Net revenues for the
third quarter of 2016 increased by 4.8% to RMB968.0 million
(US$145.2 million) from RMB924.1 million in the comparative period
in 2015, primarily driven by growth in IDC, Cloud and VPN revenues
and partially offset by the decline in MNS revenues.
Net revenues from hosting and related services
increased by 19.0% to RMB828.1 million (US$124.2 million) in the
third quarter of 2016 from RMB695.8 million in the comparative
period in 2015, primarily due to an increase in total number of
billable cabinets and improved utilization rate, partially offset
by lower MRR, or monthly recurring revenue, per cabinet.
Net revenues from MNS were RMB139.9 million
(US$21.0 million) in the third quarter of 2016, compared with
RMB228.3 million in the comparative period in 2015. The decrease
was primarily due to the continued industry-wide decline in
bandwidth prices and intensified competition.
GROSS PROFIT: Gross profit for
the third quarter of 2016 was RMB186.9 million (US$28.0 million),
compared with RMB200.3 million in the comparative period in 2015.
Gross margin for the third quarter of 2016 was 19.3%, compared with
21.7% in the comparative period in 2015.
Adjusted gross profit, which excludes
share-based compensation expenses and amortization of intangible
assets derived from acquisitions, was RMB224.6 million
(US$33.7million) in the third quarter of 2016, compared with
RMB240.5 million in the comparative period in 2015. Adjusted gross
margin was 23.2% in the third quarter of 2016, compared with 26.0%
in the comparative period in 2015.
OPERATING EXPENSES: Total
operating expenses were RMB313.8 million (US$47.1 million) in the
third quarter of 2016, compared to RMB263.9 million in the
comparative period in 2015. Adjusted operating expenses, which
exclude share-based compensation expenses and changes in the fair
value of contingent purchase consideration payable, were RMB293.9
million (US$44.1 million), compared to RMB230.9 million in the
comparative period in 2015. As a percentage of net revenues,
adjusted operating expenses were 30.4%, compared with 25.0% in the
comparative period in 2015.
Sales and marketing expenses were RMB100.1
million (US$15.0 million) in the third quarter of 2016, compared to
RMB89.2 million in the comparative period in 2015, due to increased
labor cost, which was partially offset by decreased agency fee.
General and administrative expenses were
RMB189.8 million (US$28.5 million) in the third quarter of 2016,
compared to RMB138.8 million in the comparative period in 2015, due
to increased staff cost and bad debt provision.
Research and development expenses were RMB36.1
million (US$5.4 million) in the third quarter of 2016, compared to
RMB35.2 million in the comparative period in 2015.
Changes in the fair value of contingent purchase
consideration payable was a gain of RMB12.3 million (US$1.8
million) in the third quarter of 2016, compared with a loss of
RMB0.7 million in the comparative period in 2015.
ADJUSTED EBITDA: Adjusted
EBITDA for the third quarter of 2016 was RMB67.9 million
(US$10.2million), compared with RMB122.0 million in the comparative
period in 2015. Adjusted EBITDA margin for the third quarter of
2016 was 7% compared with 13.2% in the comparative period in 2015.
Adjusted EBITDA for the third quarter of 2016 excludes share-based
compensation expenses of RMB33.4 million (US$5.0 million) and
changes in the fair value of contingent purchase consideration
payable which was a gain of RMB12.3 million (US$1.8 million).
NET PROFIT/LOSS: Net loss for
the third quarter of 2016 was RMB171.5 million (US$25.7 million),
compared with a net loss of RMB57.9 million in the comparative
period in 2015.
Adjusted net loss for the third quarter of 2016
was RMB84.1 million (US$12.6 million) compared with an adjusted net
profit of RMB15.4 million in the comparative period in 2015.
Adjusted net loss in the third quarter of 2016 mainly excludes the
changes in the fair value of contingent purchase consideration
payable which was a gain of RMB12.3 million and a one-time loss of
RMB29.8 million on debt extinguishment. Adjusted net margin in the
third quarter of 2016 was negative 8.7%, compared with a net profit
margin of 1.7% in the comparative period in 2015.
LOSS PER SHARE: Diluted loss
per ordinary share for the third quarter of 2016 was RMB0.15, which
represents the equivalent of RMB0.90 (US$0.13) per American
Depositary Share ("ADS"). Each ADS represents six ordinary shares.
Adjusted diluted loss per share for the third quarter of 2016 was
RMB0.02, which represents the equivalent of RMB0.12 (US$0.02) per
ADS. Adjusted diluted loss per share is calculated using adjusted
net loss as discussed above divided by the weighted average number
of shares.
As of September 30, 2016, the Company had a
total of 682.1 million ordinary shares outstanding, or equivalent
of 113.7 million ADSs.
BALANCE SHEET: As of September
30, 2016, the Company's cash and cash equivalents and short-term
investment were RMB1.68 billion (US$251.5 million).
Third Quarter 2016 Operational Highlights
- Monthly Recurring Revenues ("MRR") per cabinet was RMB8,696 in
the third quarter of 2016, compared with RMB8,793 in the second
quarter of 2016.
- Total cabinets under management increased to 26,184 as of
September 30, 2016 from 24,098 as of June 30, 2016, with 18,982
cabinets in the Company's self-built data centers and 7,202
cabinets in its partnered data centers.
- Utilization rate was 77.9% in the third quarter of 2016,
compared with 76.2% in the second quarter of 2016.
- Hosting churn rate, which is based on the Company’s core IDC
business, was 0.95% in the third quarter of 2016, compared with
1.06% in the second quarter of 2016.
Recent Developments
On July 22, 2016, IBM successfully commenced its
Bluemix Dedicated Service in China, which marked an important
milestone for the cooperation between 21Vianent and IBM since
October 2015. On October 20, 2016, IBM Bluemix cloud services,
operated by 21Vianet, are generally available in China.
21Vianet is committed to creating an open hybrid cloud ecosystem,
with China’s domestic cloud and the international cloud, combining
20 years of experience in high performing data centers.
On September 22, 2016, the Company signed a
strategic cooperation agreement with Aliyun, the cloud computing
arm of Alibaba. Under the agreement, 21Vianet and Aliyun will join
hands to build an enterprise hybrid cloud computing ecosystem and
provide characteristic cloud computing solutions for the industry
of finance, ecommerce, gaming, government and public affairs,
healthcare, etc.
On August 29, the Company announced that
RMB1,579,400,000 aggregate principal amount of the 6.875% Bonds due
in 2017, represents 78.97% of the outstanding principal amount have
been received and such Bonds have been validly tendered. In
exchange for the tendered bonds, the Company provided a certain
amount of deposit pledge to the bank for a bridge loan with a much
lower interest rate.
On November 1, the Company signed a strategic
agreement to establish a multi-stage joint venture with Warburg
Pincus to build a digital real estate platform (“DRP”) in China.
Pursuant to the JV Agreement, 21Vianet will seed the JV with four
existing high-performing IDC assets, valued at over US$300 million,
and Warburg Pincus will contribute direct capital and extensive
industry network and resources in the real estate sector. Also
pursuant to the JV Agreement, 21Vianet will continue to own 51% of
the equity interests in the four existing IDC assets while Warburg
Pincus will own the remaining 49%. With respect to future projects
to be developed by the JV, 21Vianet will initially own 49% of the
equity interests and Warburg Pincus will initially own 51% of the
equity interests. The transactions contemplated by the JV Agreement
are expected to close in multiple tranches in the first half of
2017 subject to the satisfaction of certain conditions.
Financial Outlook
For the fourth quarter of 2016, the Company
expects net revenues to be in the range of RMB900 million to RMB940
million, compared with RMB983.4 million in the prior year. Adjusted
EBITDA is expected to be in the range of RMB50 million to RMB70
million, compared with RMB102.1 million in the prior year.
For the full year 2016, the Company now expects
net revenues to be in the range of RMB3.64 billion to RMB3.68
billion (revised from prior guidance of RMB3.62 billion to RMB3.66
billion), compared with RMB3.63 billion in the prior year. Adjusted
EBITDA for the full year 2016 is expected to be in the range of
RMB242 million to RMB262 million (revised from prior guidance of
RMB240 million to RMB260 million), compared with RMB540.4 million
in the prior year. These forecasts reflect the Company's current
and preliminary view, which may be subject to change.
Conference Call
The Company will hold a conference call on
Monday, November 28, 2016 at 8:00 pm U.S. Eastern Time, or Tuesday,
November 29, 2016 at 9:00 am Beijing Time to discuss the financial
results.
Participants may access the call by dialing the following
numbers:
United States Toll Free: |
|
+1-855-500-8701 |
International: |
|
+65-6713-5440 |
China Domestic: |
|
400-120-0654 |
Hong Kong: |
|
+852-3018-6776 |
Conference ID: |
|
3431797 |
|
|
|
The replay will be accessible through December 6, 2016, by
dialing the following numbers:
United States Toll Free: |
|
+1-855-452-5696 |
International: |
|
+61-2-9003-4211 |
Conference ID: |
|
3431797 |
|
|
|
A live and archived webcast of the conference call will be
available through the Company's investor relation website at
http://ir.21vianet.com.
Non-GAAP Disclosure
In evaluating its business, 21Vianet considers
and uses the following non-GAAP measures defined as non-GAAP
financial measures by the SEC as supplemental measure to review and
assess its operating performance: adjusted gross profit, adjusted
gross margin, adjusted operating expenses, adjusted net profit,
adjusted net margin, adjusted EBITDA, adjusted EBITDA margin,
adjusted basic earnings per share, adjusted diluted earnings per
share, adjusted basic earnings per ADS and adjusted diluted
earnings per ADS. 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 RMB6.669
to US$1.00, the noon buying rate in effect on September 30, 2016 in
the H.10 statistical release of the Federal Reserve Board. The
Company makes no representation that the RMB or USD amounts
referred 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 21Vianet
21Vianet Group, Inc. is a leading
carrier-neutral Internet data center services provider in China.
21Vianet provides hosting and related services, managed network
services, cloud services, content delivery network services,
last-mile wired broadband services and business VPN services,
improving the reliability, security and speed of its customers'
Internet infrastructure. Customers may locate their servers and
networking equipment in 21Vianet's data centers and connect to
China's Internet backbone through 21Vianet's extensive fiber optic
network. In addition, 21Vianet's proprietary smart routing
technology enables customers' data to be delivered across the
Internet in a faster and more reliable manner. 21Vianet operates in
more than 30 cities throughout China, servicing a diversified and
loyal base of more than 2,000 hosting 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," "believes," "estimates" and similar statements.
Among other things, quotations from management in this announcement
as well as 21Vianet's strategic and operational plans contain
forward-looking statements. 21Vianet 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 21Vianet'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: 21Vianet's goals and strategies;
21Vianet's expansion plans; the expected growth of the data center
services market; expectations regarding demand for, and market
acceptance of, 21Vianet's services; 21Vianet's expectations
regarding keeping and strengthening its relationships with
customers; 21Vianet'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 21Vianet provides
solutions and services. Further information regarding these and
other risks is included in 21Vianet's reports filed with, or
furnished to, the Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of this press release, and 21Vianet undertakes no
duty to update such information, except as required under
applicable law.
21VIANET GROUP, INC. |
CONSOLIDATED BALANCE SHEETS |
(Amount in thousands of Renminbi (“RMB”) and
US dollars (“US$”)) |
|
|
|
|
|
|
|
As of |
|
As of |
|
|
December 31, 2015 |
|
September 30, 2016 |
|
|
RMB |
|
RMB |
|
US$ |
|
|
(Audited) |
|
(Unaudited) |
|
(Unaudited) |
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
Current
assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents |
|
|
1,685,054 |
|
|
|
1,662,482 |
|
|
|
249,304 |
|
Restricted cash |
|
|
195,230 |
|
|
|
1,895,349 |
|
|
|
284,224 |
|
Accounts and notes
receivable, net |
|
|
694,108 |
|
|
|
755,436 |
|
|
|
113,284 |
|
Short-term
investments |
|
|
104,897 |
|
|
|
14,844 |
|
|
|
2,226 |
|
Inventories |
|
|
13,539 |
|
|
|
6,048 |
|
|
|
907 |
|
Prepaid expenses and
other current assets |
|
|
642,553 |
|
|
|
829,465 |
|
|
|
124,385 |
|
Deferred tax
assets |
|
|
31,113 |
|
|
|
39,435 |
|
|
|
5,914 |
|
Amount due from related
parties |
|
|
105,137 |
|
|
|
162,753 |
|
|
|
24,406 |
|
Total current assets |
|
|
3,471,631 |
|
|
|
5,365,812 |
|
|
|
804,650 |
|
Non-current
assets: |
|
|
|
|
Property and equipment,
net |
|
|
3,653,071 |
|
|
|
3,963,167 |
|
|
|
594,312 |
|
Intangible assets,
net |
|
|
1,274,166 |
|
|
|
1,162,462 |
|
|
|
174,321 |
|
Land use rights,
net |
|
|
64,682 |
|
|
|
168,609 |
|
|
|
25,284 |
|
Deferred tax
assets |
|
|
46,900 |
|
|
|
57,585 |
|
|
|
8,635 |
|
Goodwill |
|
|
1,755,970 |
|
|
|
1,755,970 |
|
|
|
263,323 |
|
Long term
investments |
|
|
198,907 |
|
|
|
264,910 |
|
|
|
39,726 |
|
Restricted cash |
|
|
128,515 |
|
|
|
32,287 |
|
|
|
4,842 |
|
Amount due from related
parties |
|
|
70,000 |
|
|
|
- |
|
|
|
- |
|
Other non-current
assets |
|
|
183,868 |
|
|
|
186,200 |
|
|
|
27,922 |
|
Total non-current assets |
|
|
7,376,079 |
|
|
|
7,591,190 |
|
|
|
1,138,365 |
|
Total
assets |
|
|
10,847,710 |
|
|
|
12,957,002 |
|
|
|
1,943,015 |
|
Liabilities and
Shareholders' Equity |
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Short-term bank
borrowings |
|
|
276,000 |
|
|
|
1,769,676 |
|
|
|
265,378 |
|
Accounts and notes
payable |
|
|
482,622 |
|
|
|
549,714 |
|
|
|
82,434 |
|
Accrued expenses and
other payables |
|
|
637,957 |
|
|
|
739,242 |
|
|
|
110,855 |
|
Deferred revenue |
|
|
342,105 |
|
|
|
318,930 |
|
|
|
47,826 |
|
Advances from
customers |
|
|
185,800 |
|
|
|
188,924 |
|
|
|
28,331 |
|
Income taxes
payable |
|
|
49,959 |
|
|
|
36,763 |
|
|
|
5,513 |
|
Amounts due to related
parties |
|
|
397,588 |
|
|
|
185,771 |
|
|
|
27,858 |
|
Current portion of
long-term bank borrowings |
|
|
38,803 |
|
|
|
39,530 |
|
|
|
5,928 |
|
Current portion of
capital lease obligations |
|
|
140,488 |
|
|
|
234,711 |
|
|
|
35,197 |
|
Current portion of
deferred government grant |
|
|
6,332 |
|
|
|
5,199 |
|
|
|
780 |
|
Current portion of
bonds payable |
|
|
263,365 |
|
|
|
418,444 |
|
|
|
62,749 |
|
Total current
liabilities |
|
|
2,821,019 |
|
|
|
4,486,904 |
|
|
|
672,849 |
|
Non-current
liabilities: |
|
|
|
|
Long-term bank
borrowings |
|
|
103,421 |
|
|
|
240,377 |
|
|
|
36,047 |
|
Deferred revenue |
|
|
68,535 |
|
|
|
72,816 |
|
|
|
10,919 |
|
Amounts due to related
parties |
|
|
27,384 |
|
|
|
- |
|
|
|
- |
|
Unrecognized tax
benefits |
|
|
14,492 |
|
|
|
22,705 |
|
|
|
3,405 |
|
Deferred tax
liabilities |
|
|
293,212 |
|
|
|
302,649 |
|
|
|
45,385 |
|
Non-current portion of
capital lease obligations |
|
|
579,070 |
|
|
|
546,995 |
|
|
|
82,027 |
|
Non-current portion of
deferred government grant |
|
|
31,288 |
|
|
|
27,138 |
|
|
|
4,070 |
|
Bonds payable |
|
|
1,984,685 |
|
|
|
- |
|
|
|
- |
|
Mandatorily redeemable
noncontrolling interests |
|
|
100,000 |
|
|
|
- |
|
|
|
- |
|
Total
non-current liabilities |
|
|
3,202,087 |
|
|
|
1,212,680 |
|
|
|
181,853 |
|
|
|
|
|
|
Redeemable
noncontrolling interests |
|
|
790,229 |
|
|
|
715,484 |
|
|
|
107,293 |
|
|
|
|
|
|
Shareholders'
equity |
|
|
|
|
Treasury stock |
|
|
(193,142 |
) |
|
|
(175,486 |
) |
|
|
(26,316 |
) |
Ordinary shares |
|
|
34 |
|
|
|
45 |
|
|
|
7 |
|
Additional paid-in
capital |
|
|
6,403,117 |
|
|
|
9,220,701 |
|
|
|
1,382,725 |
|
Accumulated other
comprehensive loss |
|
|
(24,236 |
) |
|
|
20,043 |
|
|
|
3,006 |
|
Statutory reserves |
|
|
63,174 |
|
|
|
63,174 |
|
|
|
9,473 |
|
Accumulated
deficit |
|
|
(2,233,985 |
) |
|
|
(2,607,729 |
) |
|
|
(391,052 |
) |
Total 21Vianet
Group, Inc. shareholders’ equity |
|
|
4,014,962 |
|
|
|
6,520,748 |
|
|
|
977,843 |
|
Noncontrolling
interest |
|
|
19,413 |
|
|
|
21,186 |
|
|
|
3,177 |
|
Total
shareholders' equity |
|
|
4,034,375 |
|
|
|
6,541,934 |
|
|
|
981,020 |
|
Total
liabilities, redeemable noncontrolling interests and shareholders'
equity |
|
|
10,847,710 |
|
|
|
12,957,002 |
|
|
|
1,943,015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21VIANET GROUP, INC. |
CONSOLIDATED STATEMENTS OF
OPERATIONS |
(Amount in thousands of Renminbi (“RMB”) and
US dollars (“US$”) except for number of shares and per share
data) |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Nine months ended |
|
|
September 30, 2015 |
|
June 30, 2016 |
|
September 30, 2016 |
|
September 30, 2015 |
|
September 30, 2016 |
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
Net
revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hosting and related
services |
|
|
695,802 |
|
|
|
767,930 |
|
|
|
828,121 |
|
|
|
124,184 |
|
|
|
1,952,739 |
|
|
|
2,302,177 |
|
|
|
345,232 |
|
Managed network
services |
|
|
228,293 |
|
|
|
142,919 |
|
|
|
139,885 |
|
|
|
20,977 |
|
|
|
698,250 |
|
|
|
438,950 |
|
|
|
65,824 |
|
Total net revenues |
|
|
924,095 |
|
|
|
910,849 |
|
|
|
968,006 |
|
|
|
145,161 |
|
|
|
2,650,989 |
|
|
|
2,741,127 |
|
|
|
411,056 |
|
Cost of revenues |
|
|
(723,828 |
) |
|
|
(737,946 |
) |
|
|
(781,124 |
) |
|
|
(117,136 |
) |
|
|
(2,016,400 |
) |
|
|
(2,212,362 |
) |
|
|
(331,763 |
) |
Gross
profit |
|
|
200,267 |
|
|
|
172,903 |
|
|
|
186,882 |
|
|
|
28,025 |
|
|
|
634,589 |
|
|
|
528,765 |
|
|
|
79,293 |
|
Operating
expenses |
|
|
|
|
|
|
|
|
|
Sales and
marketing |
|
|
(89,232 |
) |
|
|
(83,455 |
) |
|
|
(100,138 |
) |
|
|
(15,017 |
) |
|
|
(257,663 |
) |
|
|
(260,908 |
) |
|
|
(39,125 |
) |
General and
administrative |
|
|
(138,783 |
) |
|
|
(199,368 |
) |
|
|
(189,849 |
) |
|
|
(28,470 |
) |
|
|
(434,876 |
) |
|
|
(523,018 |
) |
|
|
(78,431 |
) |
Research and
development |
|
|
(35,176 |
) |
|
|
(32,976 |
) |
|
|
(36,079 |
) |
|
|
(5,410 |
) |
|
|
(101,266 |
) |
|
|
(110,912 |
) |
|
|
(16,632 |
) |
Changes in the fair
value of contingent purchase consideration payable |
|
|
(676 |
) |
|
|
15,306 |
|
|
|
12,285 |
|
|
|
1,842 |
|
|
|
(38,265 |
) |
|
|
26,110 |
|
|
|
3,915 |
|
Total operating
expenses |
|
|
(263,867 |
) |
|
|
(300,493 |
) |
|
|
(313,781 |
) |
|
|
(47,055 |
) |
|
|
(832,070 |
) |
|
|
(868,728 |
) |
|
|
(130,273 |
) |
Other operating
income |
|
|
- |
|
|
|
- |
|
|
|
6,783 |
|
|
|
1,017 |
|
|
|
8,569 |
|
|
|
6,783 |
|
|
|
1,017 |
|
Operating
loss |
|
|
(63,600 |
) |
|
|
(127,590 |
) |
|
|
(120,116 |
) |
|
|
(18,013 |
) |
|
|
(188,912 |
) |
|
|
(333,180 |
) |
|
|
(49,963 |
) |
Interest income |
|
|
13,523 |
|
|
|
3,641 |
|
|
|
3,716 |
|
|
|
557 |
|
|
|
47,802 |
|
|
|
16,239 |
|
|
|
2,435 |
|
Interest expense |
|
|
(69,690 |
) |
|
|
(52,755 |
) |
|
|
(49,490 |
) |
|
|
(7,421 |
) |
|
|
(213,221 |
) |
|
|
(157,937 |
) |
|
|
(23,684 |
) |
Loss on debt
extinguishment |
|
|
- |
|
|
|
- |
|
|
|
(29,841 |
) |
|
|
(4,475 |
) |
|
|
- |
|
|
|
(29,841 |
) |
|
|
(4,475 |
) |
Gain from equity method
investment |
|
|
706 |
|
|
|
19,374 |
|
|
|
7,656 |
|
|
|
1,148 |
|
|
|
12,124 |
|
|
|
28,231 |
|
|
|
4,233 |
|
Other income |
|
|
5,779 |
|
|
|
3,367 |
|
|
|
19,090 |
|
|
|
2,863 |
|
|
|
10,315 |
|
|
|
23,563 |
|
|
|
3,533 |
|
Other expense |
|
|
(719 |
) |
|
|
(12,510 |
) |
|
|
(1,010 |
) |
|
|
(151 |
) |
|
|
(1,853 |
) |
|
|
(14,624 |
) |
|
|
(2,193 |
) |
Foreign exchange
gain |
|
|
60,248 |
|
|
|
24,224 |
|
|
|
8,511 |
|
|
|
1,276 |
|
|
|
65,146 |
|
|
|
27,492 |
|
|
|
4,123 |
|
Loss before
income taxes |
|
|
(53,753 |
) |
|
|
(142,249 |
) |
|
|
(161,484 |
) |
|
|
(24,216 |
) |
|
|
(268,599 |
) |
|
|
(440,057 |
) |
|
|
(65,991 |
) |
Income tax (expense)
benefit |
|
|
(4,132 |
) |
|
|
18,400 |
|
|
|
(10,064 |
) |
|
|
(1,509 |
) |
|
|
(19,786 |
) |
|
|
(6,658 |
) |
|
|
(998 |
) |
Net
loss |
|
|
(57,885 |
) |
|
|
(123,849 |
) |
|
|
(171,548 |
) |
|
|
(25,725 |
) |
|
|
(288,385 |
) |
|
|
(446,715 |
) |
|
|
(66,989 |
) |
Net (income) loss
attributable to noncontrolling interest |
|
|
(4,257 |
) |
|
|
26,874 |
|
|
|
37,579 |
|
|
|
5,635 |
|
|
|
(15,630 |
) |
|
|
72,971 |
|
|
|
10,943 |
|
Net loss
attributable to ordinary shareholders |
|
|
(62,142 |
) |
|
|
(96,975 |
) |
|
|
(133,969 |
) |
|
|
(20,090 |
) |
|
|
(304,015 |
) |
|
|
(373,744 |
) |
|
|
(56,046 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
(0.12 |
) |
|
|
(0.22 |
) |
|
|
(0.15 |
) |
|
|
(0.02 |
) |
|
|
(0.62 |
) |
|
|
(0.63 |
) |
|
|
(0.09 |
) |
Diluted |
|
|
(0.12 |
) |
|
|
(0.22 |
) |
|
|
(0.15 |
) |
|
|
(0.02 |
) |
|
|
(0.62 |
) |
|
|
(0.63 |
) |
|
|
(0.09 |
) |
Shares used in loss per
share computation |
|
|
|
|
|
|
|
|
|
Basic* |
|
|
521,376,112 |
|
|
|
578,617,002 |
|
|
|
682,146,465 |
|
|
|
682,146,465 |
|
|
|
481,524,589 |
|
|
|
594,573,516 |
|
|
|
594,573,516 |
|
Diluted* |
|
|
521,376,112 |
|
|
|
578,617,002 |
|
|
|
682,146,465 |
|
|
|
682,146,465 |
|
|
|
481,524,589 |
|
|
|
594,573,516 |
|
|
|
594,573,516 |
|
|
|
|
|
|
|
|
|
|
|
Loss per ADS (6
ordinary shares equal to 1 ADS) |
|
|
|
|
|
|
|
|
|
Basic |
|
|
(0.72 |
) |
|
|
(1.32 |
) |
|
|
(0.90 |
) |
|
|
(0.13 |
) |
|
|
(3.72 |
) |
|
|
(3.78 |
) |
|
|
(0.57 |
) |
Diluted |
|
|
(0.72 |
) |
|
|
(1.32 |
) |
|
|
(0.90 |
) |
|
|
(0.13 |
) |
|
|
(3.72 |
) |
|
|
(3.78 |
) |
|
|
(0.57 |
) |
|
|
|
|
|
|
|
|
|
|
* Shares
used in loss per share/ADS computation were computed under weighted
average method. |
|
21VIANET GROUP, INC. |
RECONCILIATIONS OF GAAP AND NON-GAAP
RESULTS |
(Amount in thousands of Renminbi (“RMB”) and
US dollars (“US$”) except for number of shares and per share
data) |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
Nine months ended |
|
|
September 30, 2015 |
|
June 30, 2016 |
|
September 30, 2016 |
|
|
September 30, 2015 |
|
September 30, 2016 |
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
|
RMB |
|
RMB |
|
US$ |
Gross profit |
|
|
200,267 |
|
|
|
172,903 |
|
|
|
186,882 |
|
|
|
28,025 |
|
|
|
|
634,589 |
|
|
|
528,765 |
|
|
|
79,293 |
|
Plus: share-based
compensation expense |
|
|
1,323 |
|
|
|
(11,073 |
) |
|
|
1,173 |
|
|
|
176 |
|
|
|
|
5,840 |
|
|
|
(5,975 |
) |
|
|
(896 |
) |
Plus: amortization of
intangible assets derived from acquisitions |
|
|
38,933 |
|
|
|
38,967 |
|
|
|
36,504 |
|
|
|
5,474 |
|
|
|
|
118,536 |
|
|
|
113,668 |
|
|
|
17,046 |
|
Adjusted gross
profit |
|
|
240,523 |
|
|
|
200,797 |
|
|
|
224,559 |
|
|
|
33,675 |
|
|
|
|
758,965 |
|
|
|
636,458 |
|
|
|
95,443 |
|
Adjusted gross
margin |
|
|
26.0 |
% |
|
|
22.0 |
% |
|
|
23.2 |
% |
|
|
23.2 |
% |
|
|
|
28.6 |
% |
|
|
23.2 |
% |
|
|
23.2 |
% |
Operating expenses |
|
|
(263,867 |
) |
|
|
(300,493 |
) |
|
|
(313,781 |
) |
|
|
(47,055 |
) |
|
|
|
(832,070 |
) |
|
|
(868,728 |
) |
|
|
(130,273 |
) |
Plus: share-based
compensation expense |
|
|
32,328 |
|
|
|
2,355 |
|
|
|
32,208 |
|
|
|
4,830 |
|
|
|
|
144,068 |
|
|
|
68,031 |
|
|
|
10,202 |
|
Plus: changes in the
fair value of contingent purchase consideration payable |
|
|
676 |
|
|
|
(15,306 |
) |
|
|
(12,285 |
) |
|
|
(1,842 |
) |
|
|
|
38,265 |
|
|
|
(26,110 |
) |
|
|
(3,915 |
) |
Adjusted
operating expenses |
|
|
(230,863 |
) |
|
|
(313,444 |
) |
|
|
(293,858 |
) |
|
|
(44,067 |
) |
|
|
|
(649,737 |
) |
|
|
(826,807 |
) |
|
|
(123,986 |
) |
Net loss |
|
|
(57,885 |
) |
|
|
(123,849 |
) |
|
|
(171,548 |
) |
|
|
(25,725 |
) |
|
|
|
(288,385 |
) |
|
|
(446,715 |
) |
|
|
(66,989 |
) |
Plus: share-based
compensation expense |
|
|
33,651 |
|
|
|
(8,718 |
) |
|
|
33,381 |
|
|
|
5,006 |
|
|
|
|
149,908 |
|
|
|
62,056 |
|
|
|
9,306 |
|
Plus: amortization of
intangible assets derived from acquisitions |
|
|
38,933 |
|
|
|
38,967 |
|
|
|
36,504 |
|
|
|
5,474 |
|
|
|
|
118,536 |
|
|
|
113,668 |
|
|
|
17,046 |
|
Plus: changes in the
fair value of contingent purchase consideration payable and related
deferred tax impact |
|
|
676 |
|
|
|
(15,306 |
) |
|
|
(12,285 |
) |
|
|
(1,842 |
) |
|
|
|
38,265 |
|
|
|
(25,615 |
) |
|
|
(3,841 |
) |
Plus: loss on debt
extinguishment |
|
|
- |
|
|
|
- |
|
|
|
29,841 |
|
|
|
4,475 |
|
|
|
|
- |
|
|
|
29,841 |
|
|
|
4,475 |
|
Adjusted net
profit (loss) |
|
|
15,375 |
|
|
|
(108,906 |
) |
|
|
(84,107 |
) |
|
|
(12,612 |
) |
|
|
|
18,324 |
|
|
|
(266,765 |
) |
|
|
(40,003 |
) |
Adjusted net
margin |
|
|
1.7 |
% |
|
|
-12.0 |
% |
|
|
-8.7 |
% |
|
|
-8.7 |
% |
|
|
|
0.7 |
% |
|
|
-9.7 |
% |
|
|
-9.7 |
% |
Net loss |
|
|
(57,885 |
) |
|
|
(123,849 |
) |
|
|
(171,548 |
) |
|
|
(25,725 |
) |
|
|
|
(288,385 |
) |
|
|
(446,715 |
) |
|
|
(66,989 |
) |
Minus: Provision for
income taxes |
|
|
(4,132 |
) |
|
|
18,400 |
|
|
|
(10,064 |
) |
|
|
(1,509 |
) |
|
|
|
(19,786 |
) |
|
|
(6,658 |
) |
|
|
(998 |
) |
Minus: Interest
income |
|
|
13,523 |
|
|
|
3,641 |
|
|
|
3,716 |
|
|
|
557 |
|
|
|
|
47,802 |
|
|
|
16,239 |
|
|
|
2,435 |
|
Minus: Interest
expenses |
|
|
(69,690 |
) |
|
|
(52,755 |
) |
|
|
(49,490 |
) |
|
|
(7,421 |
) |
|
|
|
(213,221 |
) |
|
|
(157,937 |
) |
|
|
(23,684 |
) |
Minus: Loss on debt
extinguishment |
|
|
- |
|
|
|
- |
|
|
|
(29,841 |
) |
|
|
(4,475 |
) |
|
|
|
- |
|
|
|
(29,841 |
) |
|
|
(4,475 |
) |
Minus: Exchange
gain |
|
|
60,248 |
|
|
|
24,224 |
|
|
|
8,511 |
|
|
|
1,276 |
|
|
|
|
65,146 |
|
|
|
27,492 |
|
|
|
4,123 |
|
Minus: Gain from equity
method investment |
|
|
706 |
|
|
|
19,374 |
|
|
|
7,656 |
|
|
|
1,148 |
|
|
|
|
12,124 |
|
|
|
28,231 |
|
|
|
4,233 |
|
Minus: Other
income |
|
|
5,779 |
|
|
|
3,367 |
|
|
|
19,090 |
|
|
|
2,863 |
|
|
|
|
10,315 |
|
|
|
23,563 |
|
|
|
3,533 |
|
Minus: Other
expenses |
|
|
(719 |
) |
|
|
(12,510 |
) |
|
|
(1,010 |
) |
|
|
(151 |
) |
|
|
|
(1,853 |
) |
|
|
(14,624 |
) |
|
|
(2,193 |
) |
Plus: depreciation |
|
|
104,340 |
|
|
|
118,195 |
|
|
|
122,484 |
|
|
|
18,368 |
|
|
|
|
296,680 |
|
|
|
349,619 |
|
|
|
52,428 |
|
Plus: amortization |
|
|
46,947 |
|
|
|
48,892 |
|
|
|
44,452 |
|
|
|
6,666 |
|
|
|
|
142,340 |
|
|
|
139,566 |
|
|
|
20,929 |
|
Plus: share-based
compensation expense |
|
|
33,651 |
|
|
|
(8,718 |
) |
|
|
33,381 |
|
|
|
5,006 |
|
|
|
|
149,908 |
|
|
|
62,056 |
|
|
|
9,306 |
|
Plus: changes in the
fair value of contingent purchase consideration payable |
|
|
676 |
|
|
|
(15,306 |
) |
|
|
(12,285 |
) |
|
|
(1,842 |
) |
|
|
|
38,265 |
|
|
|
(26,110 |
) |
|
|
(3,915 |
) |
Adjusted
EBITDA |
|
|
122,014 |
|
|
|
15,473 |
|
|
|
67,916 |
|
|
|
10,185 |
|
|
|
|
438,281 |
|
|
|
191,951 |
|
|
|
28,785 |
|
Adjusted EBITDA
margin |
|
|
13.2 |
% |
|
|
1.7 |
% |
|
|
7.0 |
% |
|
|
7.0 |
% |
|
|
|
16.5 |
% |
|
|
7.0 |
% |
|
|
7.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net profit
(loss) |
|
|
15,375 |
|
|
|
(108,906 |
) |
|
|
(84,107 |
) |
|
|
(12,612 |
) |
|
|
|
18,324 |
|
|
|
(266,765 |
) |
|
|
(40,003 |
) |
Less: Net (profit) loss
attributable to noncontrolling interest |
|
|
(4,257 |
) |
|
|
26,874 |
|
|
|
37,579 |
|
|
|
5,635 |
|
|
|
|
(15,630 |
) |
|
|
72,971 |
|
|
|
10,943 |
|
Adjusted net profit
(loss) attributable to the Company’s ordinary shareholders |
|
|
11,118 |
|
|
|
(82,032 |
) |
|
|
(46,528 |
) |
|
|
(6,977 |
) |
|
|
|
2,694 |
|
|
|
(193,794 |
) |
|
|
(29,060 |
) |
|
|
|
|
|
|
|
|
|
|
Adjusted earnings
(loss) per share |
|
|
|
|
|
|
|
|
|
Basic |
|
|
0.02 |
|
|
|
(0.19 |
) |
|
|
(0.02 |
) |
|
|
(0.00 |
) |
|
|
|
0.02 |
|
|
|
(0.33 |
) |
|
|
(0.05 |
) |
Diluted |
|
|
0.02 |
|
|
|
(0.19 |
) |
|
|
(0.02 |
) |
|
|
(0.00 |
) |
|
|
|
0.02 |
|
|
|
(0.33 |
) |
|
|
(0.05 |
) |
Shares used in adjusted
earnings (loss) per share computation: |
|
|
|
|
|
|
|
|
|
Basic* |
|
|
521,376,112 |
|
|
|
578,617,002 |
|
|
|
682,146,465 |
|
|
|
682,146,465 |
|
|
|
|
481,524,589 |
|
|
|
594,573,516 |
|
|
|
594,573,516 |
|
Diluted* |
|
|
536,927,693 |
|
|
|
578,617,002 |
|
|
|
682,146,465 |
|
|
|
682,146,465 |
|
|
|
|
494,976,649 |
|
|
|
594,573,516 |
|
|
|
594,573,516 |
|
|
|
|
|
|
|
|
|
|
|
Adjusted earnings
(loss) per ADS (6 ordinary shares equal to 1 ADS) |
|
|
|
|
|
|
|
|
|
Basic |
|
|
0.12 |
|
|
|
(1.14 |
) |
|
|
(0.12 |
) |
|
|
(0.02 |
) |
|
|
|
0.12 |
|
|
|
(1.98 |
) |
|
|
(0.30 |
) |
Diluted |
|
|
0.12 |
|
|
|
(1.14 |
) |
|
|
(0.12 |
) |
|
|
(0.02 |
) |
|
|
|
0.12 |
|
|
|
(1.98 |
) |
|
|
(0.30 |
) |
|
|
|
|
|
|
|
|
|
|
* Shares
used in adjusted earnings (loss)/ADS per share computation were
computed under weighted average method. |
|
21VIANET GROUP, INC. |
CONSOLIDATED STATEMENT OF CASH
FLOWS |
(Amount in thousands of Renminbi (“RMB”) and
US dollars (“US$”)) |
|
|
|
|
|
|
|
Three months ended |
|
|
June 30, 2016 |
|
September 30, 2016 |
|
|
RMB |
|
RMB |
|
US$ |
|
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
CASH FLOWS FROM
OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
|
(123,849 |
) |
|
|
(171,548 |
) |
|
|
(25,725 |
) |
Adjustments to
reconcile net loss to net cash generated from operating
activities: |
|
|
|
|
|
|
|
Foreign exchange
gain |
|
|
(24,224 |
) |
|
|
(8,511 |
) |
|
|
(1,276 |
) |
Changes in the fair
value of contingent purchase consideration payable |
|
|
(15,306 |
) |
|
|
(12,285 |
) |
|
|
(1,842 |
) |
Depreciation of
property and equipment |
|
|
118,195 |
|
|
|
122,484 |
|
|
|
18,368 |
|
Amortization of
intangible assets |
|
|
47,661 |
|
|
|
45,683 |
|
|
|
6,851 |
|
Provision for doubtful
accounts and other receivables |
|
|
44,741 |
|
|
|
24,091 |
|
|
|
3,613 |
|
Share-based
compensation expense |
|
|
(8,718 |
) |
|
|
33,382 |
|
|
|
5,006 |
|
Loss on debt
extinguishment |
|
|
- |
|
|
|
29,841 |
|
|
|
4,475 |
|
Deferred income taxes
benefit |
|
|
(25,462 |
) |
|
|
(7,969 |
) |
|
|
(1,195 |
) |
Gain (loss) from equity
method investment |
|
|
(19,374 |
) |
|
|
(2,537 |
) |
|
|
(380 |
) |
Changes in
operating assets and liabilities |
|
|
|
|
Restricted cash |
|
|
72,707 |
|
|
|
(67,455 |
) |
|
|
(10,115 |
) |
Inventories |
|
|
3,364 |
|
|
|
2,214 |
|
|
|
332 |
|
Accounts and notes
receivable |
|
|
8,634 |
|
|
|
(32,229 |
) |
|
|
(4,833 |
) |
Unrecognized tax
expense |
|
|
6,581 |
|
|
|
717 |
|
|
|
108 |
|
Prepaid expenses and
other current assets |
|
|
(65,502 |
) |
|
|
32,589 |
|
|
|
4,887 |
|
Amounts due from
related parties |
|
|
(17,986 |
) |
|
|
(8,839 |
) |
|
|
(1,325 |
) |
Accounts and notes
payable |
|
|
25,512 |
|
|
|
(22,603 |
) |
|
|
(3,390 |
) |
Accrued expenses and
other payables |
|
|
54,268 |
|
|
|
6,412 |
|
|
|
958 |
|
Deferred revenue |
|
|
2,968 |
|
|
|
(20,967 |
) |
|
|
(3,144 |
) |
Advances from
customers |
|
|
(32,640 |
) |
|
|
27,288 |
|
|
|
4,092 |
|
Income taxes
payable |
|
|
(35,217 |
) |
|
|
13,594 |
|
|
|
2,039 |
|
Amounts due to related
parties |
|
|
(233 |
) |
|
|
834 |
|
|
|
125 |
|
Deferred government
grants |
|
|
(1,381 |
) |
|
|
(2,291 |
) |
|
|
(344 |
) |
Net cash
generated from (used in) operating activities |
|
|
14,739 |
|
|
|
(18,105 |
) |
|
|
(2,715 |
) |
CASH FLOWS FROM
INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of property
and equipment |
|
|
(156,703 |
) |
|
|
(140,291 |
) |
|
|
(21,038 |
) |
Purchases of intangible
assets |
|
|
(15,410 |
) |
|
|
(5,742 |
) |
|
|
(861 |
) |
Purchases of land use
rights |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Prepayment for future
asset acquisition |
|
|
(24,381 |
) |
|
|
(25,024 |
) |
|
|
(3,753 |
) |
Payments for short-term
investments |
|
|
(933 |
) |
|
|
(34 |
) |
|
|
(5 |
) |
Payments for long-term
investments |
|
|
(49,000 |
) |
|
|
- |
|
|
|
- |
|
Proceeds from long-term
investments |
|
|
- |
|
|
|
6,109 |
|
|
|
916 |
|
Net cash used
in investing activities |
|
|
(246,427 |
) |
|
|
(164,982 |
) |
|
|
(24,741 |
) |
CASH FLOWS FROM
FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
|
Restricted cash |
|
|
- |
|
|
|
(1,623,127 |
) |
|
|
(243,402 |
) |
Proceeds from
shareholders |
|
|
2,548,695 |
|
|
|
- |
|
|
|
- |
|
Proceeds from exercise
of stock options |
|
|
1,491 |
|
|
|
401 |
|
|
|
60 |
|
Proceeds from long-term
bank borrowings |
|
|
58,850 |
|
|
|
49,650 |
|
|
|
7,445 |
|
Proceeds from
short-term bank borrowings |
|
|
53,000 |
|
|
|
1,570,676 |
|
|
|
235,537 |
|
Repayments of
short-term bank borrowings |
|
|
(65,000 |
) |
|
|
(30,000 |
) |
|
|
(4,499 |
) |
Repayments of long-term
bank borrowings |
|
|
(13,289 |
) |
|
|
(6,084 |
) |
|
|
(912 |
) |
Repayments of 2016
Bonds |
|
|
- |
|
|
|
(50 |
) |
|
|
(7 |
) |
Repayments of 2017
Bonds |
|
|
- |
|
|
|
(1,596,335 |
) |
|
|
(239,384 |
) |
Prepayment for shares
repurchase plan |
|
|
(39,787 |
) |
|
|
(27,245 |
) |
|
|
(4,086 |
) |
Payments for shares
repurchase plan |
|
|
- |
|
|
|
(13,058 |
) |
|
|
(1,958 |
) |
Payments for capital
leases |
|
|
(39,105 |
) |
|
|
(41,038 |
) |
|
|
(6,154 |
) |
Net cash
generated from (used in) financing activities |
|
|
2,504,855 |
|
|
|
(1,716,210 |
) |
|
|
(257,360 |
) |
Effect of
foreign exchange rate changes on cash and short term
investments |
|
|
58,087 |
|
|
|
6,710 |
|
|
|
1,006 |
|
Net increase
(decrease) in cash and cash equivalents |
|
|
2,331,254 |
|
|
|
(1,892,587 |
) |
|
|
(283,810 |
) |
Cash and cash
equivalents at beginning of period |
|
|
1,223,815 |
|
|
|
3,555,069 |
|
|
|
533,114 |
|
Cash and cash
equivalents at end of period |
|
|
3,555,069 |
|
|
|
1,662,482 |
|
|
|
249,304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investor Relations Contacts:
21Vianet Group, Inc.
Qing Liu
+86 10 8456 2121
IR@21Vianet.com
ICR, Inc.
Violet Gu
+1 (646) 405-4922
IR@21Vianet.com
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