On May 22, Universal Data released its unaudited financial performance for the first quarter ending March 31, 2024. During the reporting period, the company's net income was RMB 2.6274 billion (USD 363.9 million), a year-on-year increase of 9.1%.
Huang Wei, Chairman and CEO of Universal Data, stated, "In the first quarter of 2024, we will continue to advance our business strategy in an orderly manner, striving to create greater value returns for shareholders. In China, we will accelerate the delivery of existing orders, with new usage areas reaching a three-year high in a single quarter. At the same time, we will once again win new business orders and strategically allocate resources for the upcoming wave of artificial intelligence. Overseas, we have obtained new orders with strategic significance, which further strengthens our business expansion channels and lays the foundation for sustainable growth of international business."
To meet the computing power demand brought about by the wave of artificial intelligence, Wanguo Data has established a leading computing infrastructure platform in the strategic layout of core economic hubs and surrounding cities in China. Adequate electricity and land resources can fully meet the deployment scale and agile delivery needs of enterprises for computing resources, providing support for promoting the "Artificial Intelligence+" initiative.
As of the end of the first quarter, the company's international business has secured bookings of 182MW capacity, of which approximately 40% come from leading global customers. DigitalLand Holdings Limited, a wholly-owned subsidiary of Universal Data responsible for international data center assets and operations, signed equity financing agreements with multiple institutional investors earlier this year, increasing the scale to $672 million, which will provide stronger financial support for overseas business expansion.