On August 28th, Southern Finance and Economics reported that Century Internet (VNET. US) saw a year-on-year increase of 9.4% in revenue to 1.99 billion yuan and a year-on-year increase of 7.3% in adjusted EBITDA to 574 million yuan in the second quarter of this year. The net profit was 71.85 million yuan, compared to a net loss of 237 million yuan in the same period last year, achieving a turnaround from losses to profits.
Among them, the base based IDC business is the main driving force for the growth of Century Internet, with Q2 revenue of 402 million yuan, a year-on-year increase of 81%. According to Chen Sheng, founder and chairman of Century Internet Group, Century Internet's Ulanqab based data center has recently won three major orders, with a total capacity of 235MW.