Recently, Wanguo Data Holdings Limited (hereinafter referred to as "Wanguo Data" or "the Company") (NASDAQ stock code: GDS; HKEX stock code: 9698) announced its unaudited financial results for the second quarter ended June 30, 2024. In the second quarter of 2024, the company's net revenue was RMB 2.8264 billion (USD 388.9 million), a year-on-year increase of 17.7% (excluding previously disclosed one-time projects of RMB 70.7 million in the same period last year); Adjusted EBITDA was RMB 1.3122 billion (USD 180.6 million), a year-on-year increase of 14.9% (excluding previously disclosed one-time projects of RMB 92.8 million in the same period last year).
Wanguo Data's data center usage area in China has increased by 20027 square meters, reaching a new high in three years. Wanguo Data stated that as its customers accelerate the deployment of AI computing infrastructure, its domestic data center delivery speeds up and usage rates increase.
Huang Wei, Chairman and CEO of Wanguo Data, said, "We continued to maintain steady performance growth in the second quarter of 2024. In China, our data center occupancy rate showed a clear upward trend, while other indicators remained stable. Overseas, thanks to the rapidly growing market demand, we won a large number of new customer orders in Johor, Malaysia, further strengthening Wanguo Data's leading position in this rapidly rising global top data center hub