21Vianet Group, Inc
(NASDAQ:VNET)

21Vianet Group, Inc. provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. The company operates in two segments, Hosting and Related Services, and Manag...

Website: http://www.21vianet.com

Founded: 2009

Full Time Employees: 2,295

Sector: Technology

Industry: Information Technology Services

Chinese Information Technology

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Quarterly

Annual

Unit: USD	2025-11-20	2025-08-21	2025-05-28	2025-03-12	2024-12-31	2024-11-20	2024-09-30	2024-08-27	2024-05-29	2024-03-27	2023-12-31	2023-11-15	2023-08-23	2023-05-24	2023-03-21	2022-12-31	2022-11-22	2022-08-30	2022-05-24	2022-03-30	2021-12-31	2021-11-18	2021-08-24	2021-05-25	2021-03-31	2020-12-31	2020-11-30	2020-08-31	2020-05-31	2020-03-06	2019-12-31	2019-11-19	2019-08-20	2019-05-17	2019-03-06	2018-12-31	2018-11-23	2018-08-20	2018-05-18	2018-03-20	2017-12-31	2017-12-06	2017-08-23	2017-05-26	2017-03-09	2016-12-31	2016-11-30	2016-08-17	2016-05-27	2016-03-11	2015-12-31	2015-11-27	2015-08-28	2015-05-27	2015-03-10	2014-12-31	2014-11-28	2014-08-29	2014-05-23	2013-12-31	2013-11-26	2013-08-21	2013-05-20	2013-03-06	2012-12-31	2012-11-16	2012-08-17	2012-05-17	2012-02-28	2011-12-31	2011-11-15	2011-08-04	2011-06-02

net revenues	2,434,205,000	2,246,220,000	2,246,220,000	2,120,794,000	1,503,170,000	1,993,760,000		1,898,126,000	1,898,126,000	1,886,924,000	1,378,612,500	1,821,744,000	1,805,782,000	1,805,782,000	1,814,210,000	1,296,139,750	1,724,863,000	1,645,486,000	1,645,486,000	1,560,460,000	1,111,090,250	1,496,978,000	1,386,923,000	1,386,923,000	1,245,794,000	870,163,000	1,144,061,000		1,090,797,000	980,969,000	685,212,000	888,020,000	871,859,000	871,859,000
cost of revenues	-1,886,470,000		-1,680,879,000	-1,629,111,000	-1,171,345,250	-1,568,865,000		-1,487,405,000	-1,487,405,000	-1,580,446,000	-1,128,210,750	-1,478,995,000	-1,453,402,000	-1,453,402,000	-1,497,627,000	-1,038,669,500	-1,367,086,000	-1,289,965,000	-1,289,965,000	-1,185,225,000	-846,574,750	-1,137,463,000	-1,063,611,000	-1,063,611,000		-674,766,500			-856,686,000	-758,414,000	-512,317,500	-659,772,000	-631,084,000	-631,084,000	-628,873,000	-450,155,000	-598,884,000	-572,863,000	-572,863,000	-696,234,000	-517,162,500	-690,716,000	-681,700,000	-681,700,000	-781,124,000	-717,276,000	-737,946,000	-693,292,000	-693,292,000	-723,828,000	-764,214,000	-662,810,000	-629,762,000	-629,762,000	-547,666,000	-615,877,000	-477,392,000	-425,369,000	-425,369,000	-401,644,000	-347,962,000	-319,642,000	-319,642,000	-285,662,000	-304,080,000	-261,088,000	-247,647,000	-247,647,000	-190,071,000	-230,222,000	-168,557,000	-155,521,000	-155,521,000
gross profit	547,735,000	565,341,000	565,341,000	491,683,000	504,856,000	424,895,000	1,327,299,000	410,721,000	410,721,000	306,478,000	290,878,000	342,749,000	352,380,000	352,380,000	316,583,000	328,375,000	357,777,000	355,521,000	355,521,000	375,235,000	379,968,000	359,515,000	323,312,000	323,312,000	275,143,000	294,425,000	272,332,000	506,443,000	234,111,000	222,555,000	247,871,000	228,248,000	240,775,000	240,775,000	241,195,000	246,341,000	229,433,000	227,902,000	227,902,000	189,801,000	200,169,000	187,963,000	180,477,000	180,477,000	186,882,000	183,371,000	172,903,000	168,980,000	168,980,000	200,267,000	219,169,000	203,977,000	230,345,000	230,345,000	230,859,000	238,033,000	180,625,000	160,626,000	160,626,000	144,233,000	123,139,000	116,077,000	116,077,000	110,397,000	113,738,000	103,374,000	98,172,000	98,172,000	71,574,000	88,055,000	61,854,000	55,075,000	55,075,000
yoy	8.49%	33.05%	-57.41%	19.71%	22.92%	38.64%	356.31%	19.83%	16.56%	-13.03%	-8.12%	4.38%	-1.51%	-0.88%	-10.95%	-12.49%	-5.84%	-1.11%	9.96%	16.06%	38.10%	22.11%	18.72%	-36.16%	17.53%	32.29%	9.87%	121.88%	-2.77%	-7.57%	2.77%	-7.34%	4.94%	5.65%	5.83%	29.79%	14.62%	21.25%	26.28%	5.17%	7.11%	2.50%	4.38%	6.80%	10.59%	-8.44%	-21.11%	-17.16%	-26.64%	-13.06%	-5.06%	-14.31%	27.53%	43.40%	43.72%	65.03%	46.68%	38.38%	38.38%	30.65%	8.27%	12.29%	18.24%	12.45%	58.91%	17.40%	58.72%	78.25%	29.96%
qoq	-3.11%	0.00%	14.98%	-2.61%	18.82%	-67.99%	223.16%	0.00%	34.01%	5.36%	-15.13%	-2.73%	0.00%	11.31%	-3.59%	-8.22%	0.63%	0.00%	-5.25%	-1.25%	5.69%	11.20%	0.00%	17.51%	-6.55%	8.11%	-46.23%	116.33%	5.19%	-10.21%	8.60%	-5.20%	0.00%	-0.17%	-2.09%	7.37%	0.67%	0.00%	20.07%	-5.18%	6.49%	4.15%	0.00%	-3.43%	1.91%	6.05%	2.32%	0.00%	-15.62%	-8.62%	7.45%	-11.45%	0.00%	-0.22%	-3.01%	31.78%	12.45%	0.00%	11.37%	17.13%	6.08%	0.00%	5.15%	-2.94%	10.03%	5.30%	0.00%	37.16%	-18.72%	42.36%	12.31%	0.00%
operating income	-1,143,000	1,461,000	1,461,000	11,767,000	98,869,000		15,716,000	3,949,000	3,949,000					33,379,000																											1,381,772,000	-80,555,000	-72,143,000	-72,143,000	-120,116,000	339,963,000	-127,590,000	-85,474,000	-85,474,000	-63,600,000				-44,240,000														-11,084,000
yoy	-101.16%		-90.70%	197.97%	2403.65%																																				-1250.36%	-123.70%	-43.46%	-15.60%	40.53%	-634.53%				43.76%
qoq	-178.23%	0.00%	-87.58%	-88.10%			297.97%	0.00%																																	-1815.32%	11.66%	0.00%	-39.94%	-135.33%	-366.45%	49.27%	0.00%	34.39%
sales and marketing expenses	-69,963,000		-64,346,000	-60,700,000	-73,088,000	-58,225,000	-190,668,000	-71,743,000	-71,743,000	-64,077,000	-73,286,000	-63,068,000	-65,776,000	-65,776,000														-100,362,000																										-90,400,000					-42,393,000				-30,378,000										-15,996,000
research and development expenses	-67,570,000		-43,603,000	-53,127,000	-56,098,000	-61,998,000	-190,514,000	-75,389,000	-75,389,000	-80,673,000	-80,671,000	-81,126,000	-79,750,000	-79,750,000														-44,649,000																										-34,031,000					-25,205,000				-15,902,000
general and administrative expenses	-212,473,000		-179,770,000	-132,482,000	-192,954,000	-107,297,000	-466,076,000	-226,297,000	-226,297,000	-137,931,000	-148,455,000	-128,017,000	-127,447,000	-127,447,000														-244,696,000																										-129,208,000					-179,394,000				-45,286,000										-15,979,000
allowance for doubtful debt	-23,568,000		-30,552,000	-65,731,000	-44,590,000	-2,753,000	-63,309,000			-18,316,000										-9,451,000				-393,000				-1,183,000	-2,521,000
total operating expenses	-374,717,000		-316,810,000	-300,273,000	-267,861,000	-230,273,000	-894,851,000	-364,305,000	-364,305,000	-274,291,000	-2,502,467,000	-249,483,000	-237,145,000	-237,145,000	-310,172,000	-345,746,000	-321,719,000	-259,463,000	-259,463,000	-261,333,000	-649,732,000	-262,471,000	-243,180,000	-243,180,000		-369,244,000		-390,890,000	-197,417,000	-157,079,000	-244,444,000	-168,214,000	-187,478,000	-187,478,000	-176,550,000	-181,442,000	-177,937,000	-171,463,000	-171,463,000	-1,418,875,000	-186,935,000	-268,518,000	-252,620,000	-252,620,000	-306,998,000	-217,182,000	-300,493,000	-254,454,000	-254,454,000	-263,867,000	-208,017,500	-293,618,000	-274,585,000	-274,585,000	-142,870,000	-145,124,250	-156,707,000	-280,920,000	-280,920,000	-85,989,750	-136,744,000	-89,232,000	-89,232,000	-102,308,000	-71,629,250	-74,953,000	-109,256,000	-109,256,000	-38,000	-45,444,500	-92,578,000	-89,162,000	-89,162,000
operating profit	173,018,000	248,531,000	248,531,000	191,410,000	236,995,000	194,622,000	432,448,000	46,416,000	46,416,000	32,187,000	-2,211,589,000	93,266,000	115,235,000	115,235,000	6,411,000	-17,371,000	36,058,000	96,058,000	96,058,000	113,902,000	-269,764,000	97,044,000	80,132,000	80,132,000	75,870,000	-74,819,000	78,859,000	115,553,000	36,694,000	65,476,000	3,427,000	60,034,000	53,297,000	53,297,000	64,645,000	64,899,000	51,496,000	56,439,000	56,439,000	-1,223,635,000											-95,321,000	-81,072,000	-44,240,000		87,989,000	-106,313,000	23,918,000	-120,294,000	-120,294,000	13,093,000	-13,605,000	26,845,000	26,845,000	8,089,000	55,513,000	28,421,000	-11,084,000		71,536,000	8,180,000	-30,724,000	-34,087,000	-34,087,000
interest income	16,869,000	6,751,000	6,751,000	4,218,000	6,162,000	5,449,000	21,796,000	12,129,000	12,129,000	12,887,000	13,196,000	10,038,000	5,681,000	5,681,000	9,455,000	8,756,000	8,814,000	4,549,000	4,549,000	9,148,000	8,937,000	8,103,000	5,709,000	5,709,000	6,440,000	4,176,000	11,713,000	21,095,000	9,382,000	15,379,000	14,988,000	12,389,000	11,851,000	11,851,000	13,484,000	14,214,000	8,961,000	8,527,000	8,527,000	6,664,000	10,821,000	7,188,000	8,252,000	8,252,000	3,716,000	4,839,000	3,641,000	8,882,000	8,882,000	13,523,000	5,692,000	20,449,000	13,830,000	13,830,000	20,227,000	12,862,000	13,575,000	21,240,000	21,240,000	21,992,000	11,090,000	4,924,000	4,924,000	4,216,000	5,859,000	4,466,000	1,760,000	1,760,000	7,051,000	4,348,000	3,368,000	172,000	172,000
interest expense	-157,508,000		-100,653,000	-93,996,000	-77,125,000	-92,172,000	-323,850,000	-137,682,000	-137,682,000	-91,800,000	-78,877,000	-71,709,000	-69,786,000	-69,786,000	-78,733,000	-72,923,000	-68,530,000	-53,119,000	-53,119,000	-88,013,000	-75,363,000	-87,095,000	-84,479,000	-84,479,000		-79,243,000		-205,000,000	-102,258,000	-96,936,000	-88,375,000	-91,202,000	-69,442,000	-69,442,000	-60,766,000	-40,909,000	-51,328,000	-51,542,000	-51,542,000	-57,417,000	-50,836,000	-40,033,000	-37,027,000	-37,027,000	-49,490,000	-40,652,000	-52,755,000	-55,692,000	-55,692,000	-69,690,000	-60,963,000	-71,664,000	-71,867,000	-71,867,000	-67,950,000	-66,531,000	-48,562,000	-48,977,000	-48,977,000	-47,055,000	-37,625,000	-11,972,000	-11,972,000	-1,592,000	-5,985,000	-1,483,000	-2,316,000	-2,316,000	-1,241,000	-705,000	-1,469,000	-983,000
other income	5,234,000	1,811,000	1,811,000	15,584,000	1,855,000	30,475,000	50,873,000	4,814,000	4,814,000	7,536,000	4,452,000	14,192,000	1,164,000	1,164,000	2,169,000	6,872,000	2,896,000	5,391,000	5,391,000	4,351,000	22,137,000	5,263,000	2,172,000	2,172,000	2,747,000	4,736,000	8,197,000	9,056,000	859,000	2,187,000	22,160,000	8,958,000	3,075,000	3,075,000	8,436,000	7,050,000	20,386,000	22,161,000	22,161,000	7,220,000	3,260,000	1,458,000	4,826,000	4,826,000	23,894,000	5,359,000	3,367,000	1,106,000	1,106,000	5,779,000	20,115,000	2,876,000	1,660,000	1,660,000	7,300,000	15,413,000	230,000	3,617,000	3,617,000	4,551,000	617,000	848,000	848,000	11,209,000		406,000	1,000	1,000	395,000	602,000	244,000	702,000	702,000
other expenses	-5,499,000		-2,438,000	-8,783,000	-10,185,000	-6,900,000	-17,105,000	-1,422,000	-1,422,000	-10,975,000	-1,199,000	-320,000	-3,592,000	-3,592,000	-3,174,000	-22,380,000	-693,000	-352,000	-352,000	-3,908,000								-23,991,000
changes in the fair value of financial instruments	70,404,000		-334,904,000	-7,107,000
gain on debt extinguishment				246,175,000			246,175,000
foreign exchange gain	9,258,000	9,527,000	9,527,000	14,833,000	-4,478,750	-4,387,000			-28,361,000	24,606,000	89,426,000	-271,630,000	78,633,000	78,633,000	-317,157,000	89,048,000	-319,875,000	24,749,000	24,749,000	-16,588,000	82,444,000	78,026,000	-33,846,000	-33,846,000	114,101,000	155,496,000	275,000		-41,747,000	-40,192,000			29,538,000	29,538,000	-55,024,000			44,841,000	44,841,000	-5,628,000	4,328,000	-10,372,000	-5,481,000	-5,481,000	8,511,000	28,849,000	24,224,000	-5,243,000	-5,243,000	60,248,000	7,248,000	-5,269,000	10,167,000	10,167,000	-1,861,000	-8,756,000	-6,576,000	937,000	937,000	-4,747,000	7,070,000	1,630,000	1,630,000	-1,213,000	5,332,000	-3,134,000	-1,382,000	-1,382,000	24,195,000	6,734,000	1,118,000	700,000	700,000
income (loss) before income taxes and gain from equity method investments	111,776,000
income tax expenses	-95,048,000		-52,062,000	-31,149,000	-82,547,000	-59,149,000	-151,682,000	-61,384,000	-61,384,000	-6,317,000	-50,626,000	-12,545,000	-44,886,000	-44,886,000	-55,717,000	-101,000	-30,946,000	-46,700,000	-46,700,000	-29,060,000	-15,549,000	-29,499,000	-37,299,000	-37,299,000		-41,210,000		-42,896,000					-10,741,000
gain from equity method investments	41,000	3,214,000	3,214,000	965,000	1,197,000	3,199,000	6,770,000	2,606,000	2,606,000	2,842,000	-372,000	983,000		-174,000	-384,000	-828,000	1,090,000	2,047,000	2,047,000		-1,729,000	-23,605,000		-1,305,000	2,265,000	15,194,000			3,867,000						-6,156,000	-158,738,000	-11,659,000	-10,089,000	-10,089,000	26,546,000	17,732,000	7,080,000	2,425,000	2,425,000	2,852,000
net income	16,769,000		-220,223,000	332,150,000	3,450,000	71,849,000	244,973,000	-159,026,000	-159,026,000	-39,883,000	-2,423,288,000	-237,571,000	103,573,000	103,573,000										-80,979,000				-1,786,299,000		-66,299,000	-22,254,000	-99,275,000				-98,042,000	-95,531,000				797,569,000	-119,257,000	-116,837,000	-116,837,000	-171,548,000	-485,207,000	-123,849,000	-151,318,000	-151,318,000																			-15,903,000				-30,537,000	-30,537,000
yoy	386.06%		-189.90%	-308.87%	-102.17%	-280.15%	-110.11%	-33.06%	-253.54%	-138.51%														-95.47%				1699.34%				1.26%					-111.98%				-564.92%	-75.42%	-5.66%	-22.79%	13.37%																							-47.92%
qoq			-166.30%	9527.54%	-95.20%	-70.67%	-254.05%	0.00%	298.73%	-98.35%	920.03%	-329.38%	0.00%																	197.92%	-77.58%					2.63%					-768.78%	2.07%	0.00%	-31.89%	-64.64%	291.77%	-18.15%	0.00%																								0.00%
net income attributable to noncontrolling interest	-13,656,000		-17,335,000	-14,524,000	-14,546,000	-8,174,000	-50,677,000																					-4,814,000
net income attributable to redeemable non-controlling interests	-15,027,000
net income attributable to the vnet group, inc.	-11,914,000			317,626,000	48,574,000	63,675,000		-187,005,000						82,293,000
accretion to redemption amount of redeemable non-controlling interests	-67,000
net profit attributable to the company’s ordinary shareholders	-11,981,000														-425,211,000	-177,927,000	-377,203,000	90,706,000	90,706,000	156,183,000	131,844,000	455,852,000	-84,659,000		97,144,000	-541,153,000																																	-151,774,000				11,890,000	11,851,000	42,737,000	17,997,000	-16,261,000		81,544,000	2,957,000	-29,552,000
earnings per share
basic	-0.01			0.2	-0.01	0.04		-0.12						0.09																																					-0.155	-0.28			0.1	-0.108	-0.16		-0.38	-0.03	-0.12	0.03	0.03	0.03	0.01	0.05			0.24	0.015	-0.11
diluted	-0.01			0.05	0.04	0.04		-0.12						0.07																																					-0.155	-0.28			0.09	-0.108	-0.16		-0.38	-0.03	-0.12	0.03	0.03	0.03	0.01	0.05			0.23	0.013	-0.11
shares used in earnings per share computation
basic*	1,610,484,726	1,608,799,842	1,608,799,842	1,602,860,426	397,164,911.75	1,594,662,099		1,568,300,360	1,568,300,360	889,058,872	222,181,225.25	888,705,981	888,383,240	888,383,240	888,443,329	221,721,738.25	886,204,618	885,771,728	885,771,728	863,643,659	215,938,923	869,645,966	860,540,297	860,540,297	716,409,506	171,573,098.143	660,949,226		669,545,073	679,135,837	169,589,850.75	677,802,980	677,573,837	677,573,837	676,327,014	168,680,886	675,062,068	672,741,909	672,741,909	670,701,497	168,315,472.25	670,534,467	678,649,016	678,649,016	682,146,465	148,643,379	578,617,002	525,041,586	525,041,586	521,376,112	120,381,147.25	489,847,525	432,372,059	432,372,059	404,495,442	100,443,861	400,894,924	399,728,129	399,728,129	88,732,269.5	355,050,686	353,087,506	353,087,506	340,885,136	85,492,919.75	342,958,701	342,115,718	342,115,718	338,719,421	59,881,912.75	278,713,982
diluted*	1,610,484,726	1,608,799,842	1,608,799,842	1,740,565,086	431,255,820.75	1,595,517,338		1,568,300,360	1,568,300,360	889,058,872	224,971,060.25	888,705,981	1,056,829,494	1,056,829,494	888,443,329	230,221,738.5	886,204,618	938,146,240	938,146,240	897,643,660	225,628,371.75	905,446,557	860,540,297	860,540,297	805,640,008	171,573,098.143	660,949,226		669,545,073	679,135,837	169,589,850.75	677,802,980	690,608,562	690,608,562	676,327,014	168,680,886	675,062,068	677,158,404	677,158,404	670,701,497	168,315,472.25	670,534,467	678,649,016	678,649,016	682,146,465	148,643,379	578,617,002	525,041,586	525,041,586	521,376,112	120,381,147.25	489,847,525	432,372,059	432,372,059	418,601,672	100,443,861	400,894,924	399,728,129	399,728,129	92,185,141.5	367,643,592	366,135,693	366,135,693	352,729,739	88,498,566.5	354,879,200	353,241,225	353,241,225	354,085,623	77,799,535.25	278,713,982
earnings per ads
basic	-0.06			1.2	0.18	0.24		-0.72	-0.72					0.54																																					-0.93	-1.68			0.6	-0.645	-0.96
diluted	-0.06			0.3	-0.03	0.24		-0.72	-0.72					0.42																																					-0.93	-1.68			0.54	-0.645	-0.96
income before income taxes and gain from equity method investments			-171,375,000	362,334,000	84,800,000	127,799,000	389,885,000	-100,248,000	-100,248,000					148,633,000
net income attributable to the vnet group,inc.									-187,005,000
net loss attributable to the vnet group, inc.			-237,558,000
loss per share
basic			-0.15							-0.06	-0.058	-0.26												-0.1						-0.1	-0.06	-0.15									-0.635	-0.18	-0.17	-0.17	-0.15	-0.158	-0.22	-0.28	-0.28	-0.12			-0.23	-0.23				-0.38									-0.05	-0.05
diluted			-0.15							-0.06	-0.06	-0.26												-0.1						-0.1	-0.06	-0.15									-0.635	-0.18	-0.17	-0.17	-0.15	-0.158	-0.22	-0.28	-0.28	-0.12			-0.23	-0.23				-0.38									-0.05	-0.05
shares used in loss per share computation
loss per ads
basic			-0.9							-0.36	-0.345	-1.56												-0.6						-0.6	-0.36	-0.9									-3.81	-1.08	-1.02	-1.02	-0.9	-0.945	-1.32	-1.68	-1.68	-0.72			-1.38	-1.38				-2.28
diluted			-0.9							-0.36	-0.36	-1.56												-0.6						-0.6	-0.36	-0.9									-3.81	-1.08	-1.02	-1.02	-0.9	-0.945	-1.32	-1.68	-1.68	-0.72			-1.38	-1.38				-2.28
impairment of long-lived assets																																								-401,808,000
impairment of goodwill																																								-766,440,000
impairment of long-term investments
changes in the fair value of financial liabilities					-634,250	712,000	-2,537,000	3,858,000	3,858,000	266,000

hosting and related services							6,012,680,000																					2,234,858,000							870,068,000	901,887,000	828,317,000	800,765,000	800,765,000	759,255,000	765,814,000	743,398,000	706,711,000	706,711,000	828,121,000	366,478,000	767,930,000	706,126,000	706,126,000	695,802,000	754,706,000	643,709,000	613,228,000	613,228,000	513,212,000	596,221,000	466,880,000	404,375,000	404,375,000	363,957,000	292,983,000	264,702,000	264,702,000	218,861,000	253,442,000	205,078,000	189,501,000	189,501,000	164,814,000	175,247,000	145,663,000	128,888,000	128,888,000
foreign exchange loss							-17,915,000	-28,361,000																				-41,472,000			22,512,000	-39,853,000				-20,885,750	-73,360,000
net income attributable to vnet group, inc.							194,296,000						82,293,000
(loss) earning per share:
basic							0.11
diluted							-0.02
shares used in (loss) earning per share computation:
basic							1,588,659,647																					660,543,890																																												96,352,410	96,352,410
diluted							1,730,216,309																					660,543,890																																												96,352,410	96,352,410
reversal of (allowance for) doubtful debt								5,175,000	5,175,000
net loss attributable to noncontrolling interest								-27,979,000																					-1,241,000											104,354,000	35,960,250	22,444,000	17,043,000	17,043,000	37,579,000	225,353,000	26,874,000	8,518,000	8,518,000
net profit attributable to noncontrolling interest									-27,979,000	-10,579,000				-21,280,000										-3,680,000		-1,860,250					-1,721,000	-2,785,000		-942,000
earning (loss) per share
basic									-0.12
diluted									-0.12
other operating income										26,706,000	18,495,000	13,895,000	33,379,000		5,763,000	11,762,000	1,588,000	39,697,000	39,697,000																					5,439,000	1,359,750				6,783,000	1,695,750					2,142,250	8,569,000
impairment of long-term investment										-11,115,000	-2,778,750									-3,495,000																				-20,397,000	139,000
loss before income taxes and gain from equity method investments										-36,408,000																															652,359,000	-124,950,000	-103,135,000	-103,135,000	-164,336,000
net loss attributable to vnet group, inc.										-50,462,000	-50,262,000	-232,879,000
reversal (allowance) for doubtful debt											-1,758,500	8,833,000		2,449,000							-4,342,750	-7,527,000	-393,000										-22,000	-22,000
changes in the fair value of convertible promissory notes											5,429,500	154,000	21,298,000	21,298,000	13,179,000	-48,510,000	-2,321,000	60,278,000	60,278,000	185,840,000	227,843,000	424,107,000	-8,641,000	-8,641,000	24,939,000	-957,105,000		-1,612,054,000
loss before income taxes and (loss) gain from equity method investments											-28,446,000	-226,009,000
net (profit) loss attributable to noncontrolling interest											-6,791,750	4,692,000	-21,280,000																	-3,157,000
reversal for doubtful debt													2,449,000
(loss) income before income taxes and gain from equity method investments													148,633,000
gain (loss) from equity method investments													-174,000							-12,027,000
(loss) earnings per share
basic													0.09
diluted													0.07
diluted*	1,610,484,726	1,608,799,842	1,608,799,842	1,740,565,086	431,255,820.75	1,595,517,338		1,568,300,360	1,568,300,360	889,058,872	224,971,060.25	888,705,981	1,056,829,494	1,056,829,494	888,443,329	230,221,738.5	886,204,618	938,146,240	938,146,240	897,643,660	225,628,371.75	905,446,557	860,540,297	860,540,297	805,640,008	171,573,098.143	660,949,226		669,545,073	679,135,837	169,589,850.75	677,802,980	690,608,562	690,608,562	676,327,014	168,680,886	675,062,068	677,158,404	677,158,404	670,701,497	168,315,472.25	670,534,467	678,649,016	678,649,016	682,146,465	148,643,379	578,617,002	525,041,586	525,041,586	521,376,112	120,381,147.25	489,847,525	432,372,059	432,372,059	418,601,672	100,443,861	400,894,924	399,728,129	399,728,129	92,185,141.5	367,643,592	366,135,693	366,135,693	352,729,739	88,498,566.5	354,879,200	353,241,225	353,241,225	354,085,623	77,799,535.25	278,713,982
basic													0.54
diluted													0.42
sales and marketing															-80,245,000	-58,888,500	-80,368,000	-74,941,000	-74,941,000	-36,361,000	-42,481,500	-59,589,000	-73,976,000	-73,976,000		-36,530,500			-48,710,000	-52,399,000	-35,780,250	-46,626,000	-44,096,000	-44,096,000	-39,918,000	-30,741,500	-41,816,000	-41,232,000	-41,232,000	-77,268,000	-53,495,000	-70,880,000	-65,832,000	-65,832,000	-100,138,000	-65,227,000	-83,455,000	-77,315,000	-77,315,000	-89,232,000	-64,415,750	-78,031,000	-90,400,000		-85,947,000	-46,788,500	-58,814,000	-42,393,000		-26,535,250	-36,885,000	-30,378,000		-28,885,000	-19,573,750	-24,262,000	-25,148,000	-25,148,000	-20,894,000	-13,856,750	-18,537,000	-15,996,000
research and development															-73,350,000	-55,676,250	-76,740,000	-72,615,000	-72,615,000	-53,591,000	-31,363,000	-38,296,000	-33,565,000	-33,565,000		-17,681,750			-20,984,000	-22,518,000	-15,968,000	-18,790,000	-22,564,000	-22,564,000	-24,333,000	-17,131,500	-22,163,000	-22,030,000	-22,030,000	-38,308,000	-29,950,750	-43,108,000	-38,387,000	-38,387,000	-36,079,000	-27,728,000	-32,976,000	-41,857,000	-41,857,000	-35,176,000	-25,316,500	-32,059,000	-34,031,000		-31,435,000	-20,442,500	-25,130,000	-25,205,000		-14,195,500	-19,459,000	-15,902,000		-18,758,000	-11,651,250	-16,477,000	-11,370,000	-11,370,000	-9,396,000	-6,159,250	-8,086,000	-7,155,000
general and administrative															-165,436,000	-121,679,250	-167,044,000	-154,237,000	-154,237,000	-161,930,000	-112,854,750	-154,243,000	-135,246,000	-135,246,000		-93,060,500			-125,202,000	-82,156,000	-76,323,250	-102,341,000	-120,796,000	-120,796,000	-110,243,000	-82,918,500	-109,091,000	-112,340,000	-112,340,000	-129,683,000	-101,149,750	-139,113,000	-135,803,000	-135,803,000	-162,746,000	-130,754,500	-199,368,000	-133,801,000	-133,801,000	-138,783,000	-108,719,000	-166,885,000	-129,208,000		-90,383,000	-83,433,250	-63,956,000	-179,394,000		-33,085,500	-40,091,000	-45,286,000		-42,622,000	-26,031,250	-32,004,000	-29,499,000	-29,499,000	-24,643,000	-14,627,000	-17,886,000	-15,979,000
(allowance) reversal for doubtful debt															3,096,000	1,643,500	845,000	2,633,000	2,633,000						111,000	-268,000	1,338,000			-6,000	-1,072,000	-457,000			-643,000	-1,241,000	627,000	1,855,000	1,855,000
impairment of loan receivable to potential investee																					9,000	-2,816,000
gain before income taxes and gain from equity method investments															-367,850,000	-143,486,750	-343,651,000	137,554,000	137,554,000	201,237,000						-403,519,250									-29,362,000	2,492,750	-39,567,000	78,900,000	78,900,000
net profit															-423,951,000	-176,139,250	-373,507,000	92,901,000	92,901,000	160,150,000	134,910,750	460,472,000	-80,979,000		99,771,000	-421,632,000												34,731,000	34,731,000	-1,479,119,000																			-151,426,000				12,044,000	12,214,000	43,134,000	18,211,000	-15,903,000
net gain attributable to noncontrolling interest															-1,260,000	-1,787,750	-3,696,000	-2,195,000	-2,195,000	-3,967,000	-3,066,750	-4,620,000	-3,680,000
profit per share
basic															-0.48	-0.2	-0.43	0.1	0.1	0.18	0.15	0.52	-0.1		0.11	-0.793			-0.18				0.01	0.01	-0.04	-0.033	-0.14	0.05	0.05	-2.2
diluted															-0.48	-0.21	-0.43	0.03	0.03	-0.03	-0.02	0.04	-0.1		0.08	-0.793			-0.18				0.01	0.01	-0.04	-0.033	-0.14	0.05	0.05	-2.2
shares used in profit per share computation
profit per ads
basic															-2.88	-1.2	-2.58	0.6	0.6	1.08	0.9	3.12	-0.6		0.66	-4.755			-1.08				0.06	0.06	-0.24	-0.195	-0.84	0.3	0.3	-13.2
diluted															-2.88	-1.26	-2.58	0.18	0.18	-0.18	-0.12	0.24	-0.6		0.48	-4.755			-1.08				0.06	0.06	-0.24	-0.195	-0.84	0.3	0.3	-13.2
net profit attributable to vnet group, inc.																				156,183,000	131,844,000	455,852,000
deemed distribution to series a perpetual convertible preferred shareholders																										-117,660,750		-470,643,000
operating expenses
other expense																					-4,800,500	-11,872,000	-3,422,000	-3,422,000		-7,246,500			-21,833,000	-127,000	-1,090,500	-4,177,000	-58,000	-58,000	-137,000	-557,000	-565,000	-1,526,000	-1,526,000	-12,630,000	-4,207,000	-2,636,000	-1,562,000	-1,562,000	-1,010,000	-1,825,000	-12,510,000	-1,104,000	-1,104,000	-719,000	-1,848,000	-183,000	-951,000	-951,000	-804,000	-70,000	-145,000	-21,000
gain before income tax and gain from equity method investments																					168,109,500	513,576,000
gain before income tax and loss from equity method investments																							-42,375,000
loss from equity method investments																							-1,305,000					-6,590,000		-1,078,000	-7,573,250	-18,277,000	-10,938,000	-10,938,000
net profit attributable to 21vianet group, inc																							-84,659,000
loss before income tax expenses and gain from equity method investments																								-42,375,000
net loss attributable to the company’s ordinary shareholders																								-84,659,000				-2,261,756,000
* shares used in loss per share/ads computation were computed under weighted-average method.
impairment of receivables from equity investees
loss on debt extinguishment																														-969,000	-122,000	-17,804,000													-29,841,000												-41,581,000
(loss) gain before income taxes and gain from equity method investments																									122,736,000
income tax benefits																														-10,039,000	24,686,000	-9,343,000			7,624,000
net loss (profit) attributable to noncontrolling interest																																	-942,000		-1,739,000	-577,250	1,321,000	-1,891,000	-1,891,000
net profit attributable to 21 vianet group, inc.																									97,144,000	-423,492,250
debt extinguishment loss
loss before income taxes and loss from equity method investments																												-1,736,813,000
net loss attributable to 21vianet group, inc.																												-1,791,113,000
loss per share:
basic																																																																								-0.38	-0.38
diluted																																																																								-0.38	-0.38
shares used in loss per share computation:
basic							1,588,659,647																					660,543,890																																												96,352,410	96,352,410
diluted							1,730,216,309																					660,543,890																																												96,352,410	96,352,410
gain (loss) before income taxes and gain from equity method investments																													-118,903,000
income tax (expenses) benefits																													-22,486,000					-10,741,000		-17,690,250	-44,305,000	-34,080,000	-34,080,000
net gain																													-137,522,000				6,582,000	6,582,000	-27,894,000
net gain (loss) attributable to ordinary shareholders																													-138,763,000
changes in the fair value of contingent purchase consideration payables																																			-1,413,000
gain on deconsolidation of subsidiaries
gain before income taxes and loss from equity method investments																														-55,182,000	-24,644,000	-71,655,000	28,261,000	28,261,000
net loss attributable to ordinary shareholders																														-69,456,000	-41,469,000	-102,060,000				-22,750,750	-94,210,000				-392,843,000	-96,813,000	-99,794,000	-99,794,000	-133,969,000	-93,436,000	-96,975,000	-142,800,000	-142,800,000	-62,142,000			-96,727,000	-96,727,000				-151,774,000
net gain attributable to ordinary shareholders																																	5,640,000	5,640,000	-29,633,000
managed network services																																								126,780,000		135,281,000	155,466,000	155,466,000	139,885,000	534,169,000	142,919,000	156,146,000	156,146,000	228,293,000	228,677,000	223,078,000	246,879,000	246,879,000	265,313,000	257,689,000	191,137,000	181,620,000	181,620,000	181,920,000	178,118,000	171,017,000	171,017,000	177,198,000	164,376,000	159,384,000	156,318,000	156,318,000	96,831,000	143,030,000	84,748,000	81,708,000	81,708,000
total net revenues																																			870,068,000	901,887,000	828,317,000	800,765,000	800,765,000	886,035,000	765,814,000	878,679,000	862,177,000	862,177,000	968,006,000	900,647,000	910,849,000	862,272,000	862,272,000	924,095,000	983,383,000	866,787,000	860,107,000	860,107,000	778,525,000	853,910,000	658,017,000	585,995,000	585,995,000	545,877,000	471,101,000	435,719,000	435,719,000	396,059,000	417,818,000	364,462,000	345,819,000	345,819,000	261,645,000	318,277,000	230,411,000	210,596,000	210,596,000
goodwill impairment
disposal gain of subsidiaries																																				1,210,750	4,843,000			-180,048,000
changes in the fair value of contingent purchase consideration payable																																				-1,155,750	-5,494,000	2,284,000	2,284,000	-1,002,000	724,250	1,032,000	2,867,000	2,867,000	12,285,000	6,527,500	15,306,000	-1,481,000	-1,481,000	-676,000	-9,566,250	-16,643,000	-20,946,000	-20,946,000	64,895,000	5,540,000	-8,807,000	-33,928,000	-33,928,000	-7,188,000	-40,309,000	2,334,000	2,334,000	-12,043,000	40,062,000	-2,210,000	-43,239,000	-43,239,000	54,895,000	-19,979,000	-48,069,000	-50,032,000
gain on deconsolidation of subsidiairies
net profit attributable to ordinary shareholders																																						32,840,000	32,840,000	-1,374,765,000											-76,003,750	-145,146,000			39,603,000	-43,598,000	-62,221,000
gain on disposal of subsidiaries
bad debt provision																																								-4,366,000	-9,070,000	-16,449,000	-15,465,000	-15,465,000	-27,103,000
profit before income taxes and gain from equity method investments																																								-1,485,871,000
income tax benefit																																								-19,794,000			-16,127,000	-16,127,000	-10,064,000	-1,664,500	18,400,000	-14,994,000							-6,493,000									-8,417,000			-2,511,000	-2,511,000	-14,186,000	-7,372,000	4,812,000	3,069,000	3,069,000
disposal loss of subsidiaries																																									-45,012,000
income tax expense																																									-9,327,000	-1,387,000							-14,994,000	-4,132,000	-28,044,000	-7,091,000	-8,563,000	-8,563,000		-2,168,000	-460,000	-7,552,000	-7,552,000	8,444,000	-8,891,000	-8,414,000	-8,414,000		-14,788,000	-10,443,000
gain from equity method investment																																														7,057,750	19,374,000	1,201,000	1,201,000					11,295,000						-314,000	-250,000			29,000
income before income taxes																																														-110,014,250	-142,249,000	-136,324,000	-136,324,000	-53,753,000			-80,106,000	-80,106,000				-143,874,000										-13,392,000
income from equity method investment																																																		706,000	3,031,000	123,000	11,295,000		-509,000	-187,250	136,000	-376,000	-376,000			-501,000	-501,000
consolidated net incomes																																																		-57,885,000			-88,669,000	-88,669,000				-151,426,000
net loss attributable to non- controlling interest																																																		-4,257,000
profit before income taxes																																																			-67,149,750	-134,740,000			44,392,000	-153,317,000	-59,005,000		-143,874,000	-12,363,000	-33,375,000	20,458,000	20,458,000	20,631,000	8,973,250	28,654,000	-13,392,000
consolidated net profit																																																			-72,096,250	-141,831,000			37,899,000	-43,248,000	-59,465,000
net loss (profit) attributable to non-controlling interest																																																			-3,907,500	-3,315,000
net income attributable to non-controlling interest																																																					-8,058,000					-348,000	-348,000	-208,750	-334,000	-154,000	-154,000	-363,000	-397,000	-214,000	-358,000	-358,000	-6,141,000	-8,586,000	-6,800,000	-5,968,000	-5,968,000
net profit attributable to non-controlling interest																																																						-8,058,000
net (profit) loss attributable to non-controlling interest																																																							1,704,000	-350,000	-2,756,000
earnings per ads
eps - basic																																																											-2.28	-0.18	-0.72				0.06	0.3	-0.3	-0.3	1.44	0.09	-0.66
eps - diluted																																																											-2.28	-0.18	-0.72				0.06	0.3	-0.3	-0.3	1.38	0.075	-0.66
consolidated net income																																																												-10,771,000	-42,266,000	12,044,000
net income attributable to ordinary shareholders																																																												-10,979,750	-42,600,000	11,890,000
eps—basic																																																														0.18		0.18
eps—diluted																																																														0.18		0.18
eps – basic																																																															0.18
eps – diluted																																																															0.18
investment income																																																																	7,250
loss per ads
net income attributable to the company’s ordinary shareholders																																																																				-16,261,000				-36,505,000	-36,505,000
profit from continuing operations before income taxes																																																																					101,871,000	18,915,000	-27,564,000	-33,606,000	-33,606,000
net profit from continuing operations																																																																					87,685,000	11,543,000	-22,752,000
income from discontinued operations
net income from continuing operations																																																																								-30,537,000	-30,537,000
operating expenses:
research and development costs																																																																									-7,155,000
changes in fair value of contingent purchase consideration payable																																																																									-50,032,000
interest expenses																																																																									-983,000
other incomes																																																																									-110,000
pro forma loss per share:
basic																																																																									-0.17
diluted																																																																									-0.17
weighted-average number of ordinary shares used in pro forma earnings per share computation:
basic																																																																									211,895,646
diluted																																																																									211,895,646

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-11-20	2025-09-30	2025-08-21	2025-06-30	2025-05-28	2025-03-31	2025-03-12	2024-12-31	2024-11-20	2024-09-30	2024-08-27	2024-06-30	2024-05-29	2024-03-31	2023-12-31	2023-11-15	2023-09-30	2023-08-23	2023-06-30	2023-05-24	2023-03-31	2023-03-21	2022-12-31	2022-11-22	2022-09-30	2022-08-30	2022-06-30	2022-05-24	2022-03-31	2022-03-30	2021-12-31	2021-11-18	2021-09-30	2021-08-24	2021-06-30	2021-05-25	2021-03-31	2020-12-31	2020-11-30	2020-09-30	2020-08-31	2020-06-30	2020-05-31	2020-03-31	2020-03-06	2019-12-31	2019-11-19	2019-09-30	2019-08-20	2019-06-30	2019-05-17	2019-03-31	2019-03-06	2018-12-31	2018-11-23	2018-09-30	2018-08-20	2018-06-30	2018-05-18	2018-03-31	2018-03-20	2017-12-31	2017-12-06	2017-09-30	2017-08-23	2017-06-30	2017-05-26	2017-03-31	2017-03-09	2016-12-31	2016-11-30	2016-09-30	2016-08-17	2016-06-30	2016-05-27	2016-03-31	2016-03-11	2015-12-31	2015-11-27	2015-09-30	2015-08-28	2015-06-30	2015-05-27	2015-03-31	2015-03-10	2014-12-31	2014-11-28	2014-09-30	2014-08-29	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2009-12-31

assets																																		6,456.6	6,456.6
current assets:
cash and cash equivalents	3,503,014,000	3,503,014,000	2,918,345,000	2,918,345,000	3,949,940,000	3,949,940,000	1,492,436,000	539	1,524,819,000	1,524,819,000	1,796,105,000	1,796,105,000	1,782,732,000	1,782,732,000	30	2,702,523,000	2,702,523,000	2,362,999,000	2,362,999,000	2,916,329,000	2,916,329,000	2,661,321,000	7,661	3,530,705,000	3,530,705,000	3,408,381,000	3,408,381,000	3,042,359,000	3,042,359,000	1,372,481,000	100,019	3,479,069,000	3,479,069,000	4,603,653,000	4,603,653,000	6,882,733,000	2,710,349,000	62,116	5,204,689,000	5,204,689,000	4,325,324,000	628,328,000	2,862,088,000	2,862,088,000	1,808,483,000	243,989	2,092,427,000	2,092,427,000	2,864,359,000	2,864,359,000	2,177,235,000	2,177,235,000	2,358,556,000	590,470	2,334,260,000	2,334,260,000	2,150,173,000	2,150,173,000	1,850,440,000	1,850,440,000	1,949,631,000	845,632	1,484,936,000	1,484,936,000	757,819,000	757,819,000	779,513,000	779,513,000	1,297,418,000		1,662,482,000	1,662,482,000	3,555,069,000	3,555,069,000	1,223,815,000	1,223,815,000	1,685,054,000		1,399,465,000	1,399,465,000	1,441,635,000	1,441,635,000	1,277,414,000	1,277,414,000	644,415,000		1,250,129,000	1,250,129,000	2,138,589,000	2,138,589,000	1,120,472,000	1,458,856,000	1,381,228,000	1,089,189,000	842,251,000	432,254,000	446,701,000	626,190,000	369,456,000	410,389,000	1,556,952,000	1,641,754,000	295,085,000	83,256,000	71,998,000
restricted cash	536,746,000	536,746,000	458,321,000	458,321,000	1,774,403,000	1,774,403,000	545,795,000		556,266,000	556,266,000	338,846,000	338,846,000	306,312,000	306,312,000		320,809,000	320,809,000	253,088,000	253,088,000	325,631,000	325,631,000	327,673,000		219,868,000	219,868,000	202,374,000	202,374,000	314,206,000	314,206,000	327,767,000		324,804,000	324,804,000	286,303,000	286,303,000	155,657,000	270,450,000		178,949,000	178,949,000	427,415,000	207,754,000	326,413,000	326,413,000	478,873,000		426,385,000	426,385,000	152,025,000	152,025,000	129,377,000	129,377,000	265,214,000		398,138,000	398,138,000	285,590,000	285,590,000	254,576,000	254,576,000	242,494,000	71,412	1,861,717,000	1,861,717,000	1,914,778,000	1,914,778,000	2,065,166,000	2,065,166,000	1,963,561,000	1,759,726	1,895,349,000	1,895,349,000	196,775,000	196,775,000	267,253,000	267,253,000	195,230,000		141,715,000	141,715,000	100,606,000	100,606,000	138,196,000	138,196,000	161,649,000	100,000	128,405,000	128,405,000	128,087,000	128,087,000	201,682,000	193,020,000	235,727,000	195,868,000	190,967,000	191,766,000	192,941,000			4,578,000	4,578,000	2,541,000	3,784,000	4,441,000	11,276,000
short-term investments	1,245,995,000	1,245,995,000	1,244,183,000	1,244,183,000	21,491,000	21,491,000			15,879,000	15,879,000	87,871,000	87,871,000						144,516,000	144,516,000													12,971,000	12,971,000	12,920,000	12,920,000	156,479,000	285,872,000		80,444,000	80,444,000	157,546,000		228,521,000	228,521,000	363,856,000	138,848	356,104,000	356,104,000	162,770,000	162,770,000	168,091,000	168,091,000	245,014,000	150,990	227,037,000	227,037,000	218,370,000	218,370,000	532,689,000	532,689,000	548,890,000	548,873	338,499,000	338,499,000			484,949,000	484,949,000	277,946,000	277,946	14,844,000	14,844,000	14,810,000	14,810,000	13,877,000	13,877,000	104,897,000		482,545,000	482,545,000	1,469,620,000	1,469,620,000	744,346,000	744,346,000	911,242,000	11,242	967,530,000	967,530,000	1,103,634,000	1,103,634,000	1,183,643,000	1,101,826,000	840,000,000	400,000,000	693,558,000	222,701,000				894,540,000
accounts and notes receivable	2,197,982,000	2,197,982,000	2,216,078,000	2,216,078,000	2,028,264,000	2,028,264,000	1,655,984,000		1,861,828,000	1,861,828,000	1,802,572,000	1,802,572,000	1,948,129,000	1,948,129,000		2,090,160,000	2,090,160,000	2,020,880,000	2,020,880,000	2,020,435,000	2,020,435,000	1,763,693,000		1,683,961,000	1,683,961,000	1,745,156,000	1,745,156,000	1,606,591,000	1,606,591,000	1,405,997,000		1,525,177,000	1,525,177,000	1,243,053,000	1,243,053,000	1,050,272,000	847,233,000		883,902,000	883,902,000	958,133,000		856,899,000	856,899,000	657,158,000		806,502,000	806,502,000	672,573,000	672,573,000	553,886,000	553,886,000	524,305,000		570,112,000	570,112,000	536,642,000	536,642,000	506,475,000	506,475,000	455,811,000		476,728,000	476,728,000	673,900,000	673,900,000	720,858,000	720,858,000	655,459,000		755,436,000	755,436,000	747,298,000	747,298,000	762,554,000	762,554,000	694,108,000		783,702,000	783,702,000	746,964,000	746,964,000	747,874,000	747,874,000								610,413,000				293,369,000				147,624,000
amounts due from related parties	376,791,000	376,791,000	401,723,000	401,723,000	382,734,000	382,734,000	336,360,000		317,619,000	317,619,000	345,408,000	345,408,000	317,717,000	317,717,000		260,559,000	260,559,000	232,518,000	232,518,000	232,511,000	232,511,000	152,089,000		174,334,000	174,334,000	173,142,000	173,142,000	172,795,000	172,795,000	167,967,000		73,966,000	73,966,000	73,595,000	73,595,000	78,435,000	75,519,000		125,007,000	125,007,000	78,290,000	74,909,000	105,769,000	105,769,000	301,665,000		414,925,000	414,925,000	128,579,000	128,579,000	107,886,000	107,886,000	125,446,000
prepaid expenses and other current assets	3,102,152,000	3,102,152,000	2,939,878,000	2,939,878,000	2,983,864,000	2,983,864,000	2,789,573,000	191,548	2,665,924,000	2,665,924,000	2,673,585,000	2,673,585,000	2,481,588,000	2,481,588,000	192,953	2,551,843,000	2,551,843,000	2,542,062,000	2,542,062,000	2,569,329,000	2,569,329,000	2,147,500,000	99,962	1,988,768,000	1,988,768,000	1,916,422,000	1,916,422,000	2,280,434,000	2,280,434,000	2,049,911,000	93,546	2,031,667,000	2,031,667,000	1,819,808,000	1,819,808,000	2,109,484,000	1,866,184,000	97,391	1,328,463,000	1,328,463,000	1,777,856,000	1,551,978,000	1,788,378,000	1,788,378,000	1,618,149,000	105,597	1,549,337,000	1,549,337,000	1,437,382,000	1,437,382,000	1,366,091,000	1,366,091,000	1,159,574,000	98,337	1,215,211,000	1,215,211,000	1,057,177,000	1,057,177,000	994,780,000	994,780,000	933,750,000	131,834	1,696,904,000	1,696,904,000	930,946,000	930,946,000	862,661,000	862,661,000	777,131,000	103,271	829,465,000	829,465,000	818,449,000	818,449,000	748,252,000	748,252,000	652,630,000	66,287	574,278,000	574,278,000	520,097,000	520,097,000	386,696,000	386,696,000	309,441,000	52,989	359,604,000	359,604,000	320,813,000	320,813,000	185,709,000		125,396,000	102,884,000	138,642,000		67,462,000	112,281,000	50,633,000		48,574,000	16,406,000	19,957,000
total current assets	10,962,680,000	10,962,680,000	10,178,528,000	10,178,528,000	11,140,696,000	11,140,696,000	6,820,148,000	192,087	6,942,335,000	6,942,335,000	7,044,387,000	7,044,387,000	6,836,478,000	6,836,478,000	13,545,223	7,925,894,000	7,925,894,000	7,556,063,000	7,556,063,000	8,064,235,000	8,064,235,000	7,052,276,000	12,506,876	7,597,636,000	7,597,636,000	7,445,475,000	7,445,475,000	7,416,385,000	7,416,385,000	5,324,123,000	10,037,679	7,447,654,000	7,447,654,000	8,039,332,000	8,039,332,000	10,433,060,000	6,055,607,000	9,480,087	7,801,454,000	7,801,454,000	7,724,564,000	3,275,992,000	6,168,068,000	6,168,068,000	5,228,184,000	6,617,029	5,645,680,000	5,645,680,000	5,417,688,000	5,417,688,000	4,502,566,000	4,502,566,000	4,678,109,000	5,901,946	4,879,050,000	4,879,050,000	4,370,048,000	4,370,048,000	4,232,254,000	4,232,254,000	4,245,542,000	5,909,631	6,233,318,000	6,233,318,000	4,474,414,000	4,474,414,000	5,101,278,000	5,101,278,000	5,201,923,000	6,044,182	5,365,812,000	5,365,812,000	5,533,316,000	5,533,316,000	3,140,959,000	3,140,959,000	3,481,708,000	4,043,874	3,508,760,000	3,508,760,000	4,410,724,000	4,410,724,000	3,395,898,000	3,395,898,000	2,866,620,000	2,271,066	3,527,670,000	3,527,670,000	4,594,277,000	4,594,277,000	3,505,997,000	3,600,584,000	3,201,662,000	2,300,159,000	2,289,592,000	1,263,157,000	1,295,660,000	1,396,112,000	1,353,005,000	1,551,221,000	1,755,983,000	1,782,427,000	433,255,000	193,957,000	213,838,000
non-current assets:
derivative financial instrument	16,418,000	16,418,000
long-term investments	791,352,000	791,352,000	787,383,000	787,383,000	788,119,000	788,119,000	794,688,000		798,638,000	798,638,000	816,423,000	816,423,000	760,552,000	760,552,000		748,374,000	748,374,000	755,625,000	755,625,000	242,020,000	242,020,000	242,194,000		33,023,000	33,023,000	29,506,000	29,506,000	85,058,000	85,058,000	98,243,000		99,972,000	99,972,000	115,515,000	115,515,000	139,212,000	135,517,000		151,226,000	151,226,000	162,457,000	176,733,000	172,919,000	172,919,000	169,653,000		194,968,000	194,968,000	506,297,000	506,297,000	524,575,000	524,575,000	544,323,000		695,277,000	695,277,000	505,299,000	505,299,000	504,679,000	504,679,000																															120,445,000				57,097,000
property and equipment	22,263,071,000	22,263,071,000	19,857,652,000	19,857,652,000	18,421,841,000	18,421,841,000	17,216,635,000		15,153,253,000	15,153,253,000	14,281,580,000	14,281,580,000	13,778,444,000	13,778,444,000		12,920,470,000	12,920,470,000	12,396,048,000	12,396,048,000	12,134,146,000	12,134,146,000	11,964,498,000		11,653,367,000	11,653,367,000	10,485,412,000	10,485,412,000	10,443,243,000	10,443,243,000	10,092,419,000		9,008,245,000	9,008,245,000	8,473,036,000	8,473,036,000	8,193,354,000	8,104,069,000		7,184,471,000	7,184,471,000	6,522,239,000	4,547,427,000	5,733,414,000	5,733,414,000	5,443,565,000		4,945,021,000	4,945,021,000	4,073,865,000	4,073,865,000	4,029,916,000	4,029,916,000	4,031,242,000		3,975,522,000	3,975,522,000	3,392,168,000	3,392,168,000	3,282,857,000	3,282,857,000	3,319,424,000		3,291,656,000	3,291,656,000	3,936,256,000	3,936,256,000	3,795,852,000	3,795,852,000	3,781,613,000		3,963,167,000	3,963,167,000	3,860,863,000	3,860,863,000	3,687,302,000	3,687,302,000	3,653,071,000		3,519,219,000	3,519,219,000	3,505,606,000	3,505,606,000	3,181,138,000	3,181,138,000	3,102,882,000		2,873,154,000	2,873,154,000	2,461,610,000	2,461,610,000	1,518,438,000		1,294,386,000	1,141,289,000	1,136,878,000		790,714,000	652,983,000	570,253,000		345,508,000	266,919,000	221,699,000
intangible assets,net	1,934,143,000	1,934,143,000	1,938,715,000	1,938,715,000
land use rights	910,107,000	910,107,000	901,386,000	901,386,000			766,213,000		588,846,000	588,846,000	593,309,000	593,309,000	597,906,000	597,906,000		606,075,000	606,075,000	610,195,000	610,195,000	595,378,000	595,378,000	576,020,000		485,407,000	485,407,000	333,187,000	333,187,000	335,212,000	335,212,000	337,235,000		339,262,000	339,262,000	305,276,000	305,276,000	253,491,000	255,373,000		257,400,000	257,400,000	259,426,000	47,342,000	261,451,000	261,451,000	233,154,000		144,806,000	144,806,000	145,704,000	145,704,000	146,599,000	146,599,000	147,493,000		148,390,000	148,390,000	149,287,000	149,287,000	162,713,000	162,713,000	163,671,000		164,633,000	164,633,000	165,725,000	165,725,000	166,687,000	166,687,000	167,646,000		168,609,000	168,609,000
operating lease right-of-use assets	5,014,020,000	5,014,020,000	5,057,531,000	5,057,531,000	4,966,194,000	4,966,194,000	4,618,212,000		4,412,834,000	4,412,834,000	4,384,000,000	4,384,000,000	4,042,957,000	4,042,957,000		4,111,044,000	4,111,044,000	3,882,743,000	3,882,743,000	4,032,533,000	4,032,533,000	3,503,925,000		3,750,424,000	3,750,424,000	2,801,343,000	2,801,343,000	2,801,611,000	2,801,611,000	2,869,338,000		1,904,744,000	1,904,744,000	1,279,138,000	1,279,138,000	1,258,187,000	1,325,526,000		1,238,443,000	1,238,443,000	1,148,669,000	1,063,804,000	1,138,779,000	1,138,779,000	1,221,616,000		746,311,000	746,311,000	803,016,000	803,016,000	817,335,000	817,335,000
deferred tax assets	382,588,000	382,588,000	349,806,000	349,806,000	309,428,000	309,428,000	306,623,000		309,390,000	309,390,000	285,199,000	285,199,000	254,358,000	254,358,000		300,854,000	300,854,000	214,944,000	214,944,000	204,392,000	204,392,000	196,098,000		106,656,000	106,656,000	157,719,000	157,719,000	163,650,000	163,650,000	168,002,000				183,407,000	183,407,000	182,051,000	185,481,000		147,895,000	147,895,000	213,856,000	187,913,000	210,371,000	210,371,000	209,366,000		173,768,000	173,768,000	168,325,000	168,325,000	167,776,000	167,776,000	159,441,000		143,866,000	143,866,000	129,249,000	129,249,000	157,693,000	157,693,000	172,818,000		55,466,000	55,466,000	100,922,000	100,922,000	96,859,000	96,859,000	43,362,000		39,435,000	39,435,000	38,926,000	38,926,000	24,801,000	24,801,000	31,113,000		31,461,000	31,461,000	35,354,000	35,354,000	35,482,000	35,482,000	35,002,000		8,902,000	8,902,000	16,203,000	16,203,000	18,953,000		9,675,000	13,259,000	8,250,000		9,795,000	8,966,000	4,284,000		2,757,000	2,864,000	2,277,000
other non-current assets	1,038,957,000	1,038,957,000	577,634,000	577,634,000	378,687,000	378,687,000	381,126,000		371,501,000	371,501,000	372,144,000	372,144,000	516,582,000	516,582,000		514,852,000	514,852,000	598,865,000	598,865,000	561,218,000	561,218,000	551,572,000		1,076,144,000	1,076,144,000	2,007,789,000	2,007,789,000	2,029,888,000	2,029,888,000	1,957,462,000		2,313,937,000	2,313,937,000	1,720,502,000	1,720,502,000	1,498,692,000	1,500,438,000		411,234,000	411,234,000	318,358,000	304,398,000	294,532,000	294,532,000	277,568,000		272,419,000	272,419,000	227,994,000	227,994,000	223,521,000	223,521,000	173,591,000		136,288,000	136,288,000	143,416,000	143,416,000	142,036,000	142,036,000	81,581,000		78,318,000	78,318,000	128,684,000	128,684,000	124,224,000	124,224,000	147,302,000		186,200,000	186,200,000	216,820,000	216,820,000	200,283,000	200,283,000	189,991,000	6,123	122,740,000	122,740,000	120,385,000	120,385,000	134,250,000	134,250,000	121,461,000	27,900	99,910,000	99,910,000
total non-current assets	32,392,131,000	32,392,131,000	29,529,831,000	29,529,831,000	27,691,965,000	27,691,965,000	25,536,894,000	9,335,836	22,983,095,000	22,983,095,000	22,074,162,000	22,074,162,000	21,312,736,000	21,312,736,000		21,995,024,000	21,995,024,000	21,260,016,000	21,260,016,000	20,603,872,000	20,603,872,000	19,896,129,000	1,484,730	20,042,313,000	20,042,313,000	18,031,180,000	18,031,180,000	18,098,824,000	18,098,824,000	17,770,916,000	2,333,998	16,202,865,000	16,202,865,000	13,844,653,000	13,844,653,000	13,335,231,000	13,318,148,000	2,169,222	11,048,531,000	11,048,531,000	10,180,494,000	6,906,024,000	9,292,322,000	9,292,322,000	9,045,522,000	1,446,563	7,997,734,000	7,997,734,000	7,512,810,000	7,512,810,000	7,444,246,000	7,444,246,000	6,472,608,000	1,364,685	6,476,049,000	6,476,049,000	5,705,098,000	5,705,098,000	5,645,530,000	5,645,530,000	5,662,619,000	1,259,455	5,413,210,000	5,413,210,000	7,338,644,000	7,338,644,000	7,186,357,000	7,186,357,000	7,219,601,000	2,133,242	7,591,190,000	7,591,190,000	7,464,051,000	7,464,051,000	7,296,947,000	7,296,947,000	7,382,202,000	2,641,906	7,178,691,000	7,178,691,000	7,185,304,000	7,185,304,000	6,933,299,000	6,933,299,000	6,773,561,000	2,757,102	6,610,414,000	6,610,414,000	5,208,781,000	5,208,781,000	2,793,757,000		2,360,847,000	2,210,096,000	2,118,745,000		1,672,588,000	1,286,763,000	1,214,064,000		673,339,000	601,880,000	556,709,000
total assets	43,354,811,000	43,354,811,000	39,708,359,000	39,708,359,000	38,832,661,000	38,832,661,000	32,357,042,000	9,527,923	29,925,430,000	29,925,430,000	29,118,549,000	29,118,549,000	28,149,214,000	28,149,214,000	13,545,223	29,920,918,000	29,920,918,000	28,816,079,000	28,816,079,000	28,668,107,000	28,668,107,000	26,948,405,000	13,991,606	27,639,949,000	27,639,949,000	25,476,655,000	25,476,655,000	25,515,209,000	25,515,209,000	23,095,039,000	12,371,677	23,650,519,000	23,650,519,000	21,883,985,000	21,883,985,000	23,768,291,000	19,373,755,000	11,649,309	18,849,985,000	18,849,985,000	17,905,058,000	10,182,016,000	15,460,390,000	15,460,390,000	14,273,706,000	8,063,592	13,643,414,000	13,643,414,000	12,930,498,000	12,930,498,000	11,946,812,000	11,946,812,000	11,150,717,000	7,266,631	11,355,099,000	11,355,099,000	10,075,146,000	10,075,146,000	9,877,784,000	9,877,784,000	9,908,161,000	7,169,086	11,646,528,000	11,646,528,000	11,813,058,000	11,813,058,000	12,287,635,000	12,287,635,000	12,421,524,000	8,177,424	12,957,002,000	12,957,002,000	12,997,367,000	12,997,367,000	10,437,906,000	10,437,906,000	10,863,910,000	6,685,780	10,687,451,000	10,687,451,000	11,596,028,000	11,596,028,000	10,329,197,000	10,329,197,000	9,640,181,000	5,028,168	10,138,084,000	10,138,084,000	9,803,058,000	9,803,058,000	6,299,754,000	6,105,446,000	5,562,509,000	4,510,255,000	4,408,337,000	2,976,919,000	2,968,248,000	2,682,875,000	2,567,069,000	2,402,952,000	2,429,322,000	2,384,307,000	989,964,000	725,587,000	347,123,000
liabilities and shareholders' equity
current liabilities:
short-term bank borrowings	1,039,997,000	1,039,997,000	929,997,000	929,997,000	1,020,997,000	1,020,997,000	589,000,000		552,270,000	552,270,000	562,270,000	562,270,000	477,749,000	477,749,000		30,000,000	30,000,000																				34,000,000		38,500,000	38,500,000	238,500,000	236,323,000	238,500,000	238,500,000	234,500,000		230,000,000	230,000,000	30,000,000	30,000,000	30,000,000	30,000,000	50,000,000		69,999,000	69,999,000	69,999,000	69,999,000	69,999,000	69,999,000	50,000,000		1,570,000,000	1,570,000,000	1,640,676,000	1,640,676,000	1,638,676,000	1,638,676,000	1,683,676,000	1,500,000	1,769,676,000	1,769,676,000	229,000,000	229,000,000	241,000,000	241,000,000	276,000,000		270,000,000	270,000,000	250,000,000	250,000,000	201,000,000	201,000,000	160,181,000		219,047,000	219,047,000	296,736,000	296,736,000	188,975,000		159,481,000	188,334,000	190,532,000
current portion of long-term borrowings	1,964,645,000	1,964,645,000	1,795,594,000	1,795,594,000	1,560,064,000	1,560,064,000	1,420,190,000		1,317,343,000	1,317,343,000	1,110,202,000	1,110,202,000	845,831,000	845,831,000		563,722,000	563,722,000	532,969,000	532,969,000	509,624,000	509,624,000	484,020,000		410,153,000	410,153,000	415,907,000	415,907,000	434,985,000	434,985,000	384,158,000		371,091,000	371,091,000	233,448,000	233,448,000	203,562,000	180,328,000
current portion of finance lease liabilities	326,384,000	326,384,000	249,929,000	249,929,000	227,918,000	227,918,000	208,299,000		107,785,000	107,785,000	95,687,000	95,687,000	95,668,000	95,668,000		128,288,000	128,288,000	144,561,000	144,561,000	184,336,000	184,336,000	206,260,000		218,071,000	218,071,000	224,454,000	224,454,000	243,902,000	243,902,000	244,032,000		382,024,000	382,024,000	389,000,000	389,000,000	412,052,000	403,843,000		355,084,000	355,084,000	302,012,000	294,080,000	256,894,000	256,894,000
current portion of operating lease liabilities	970,109,000	970,109,000	944,491,000	944,491,000	938,292,000	938,292,000	899,818,000		874,957,000	874,957,000	860,446,000	860,446,000	821,000,000	821,000,000		795,877,000	795,877,000	735,409,000	735,409,000	714,675,000	714,675,000	674,288,000		688,753,000	688,753,000	579,956,000	579,956,000	613,737,000	613,737,000	607,997,000		497,947,000	497,947,000	372,007,000	372,007,000	414,857,000	452,272,000		468,056,000	468,056,000	489,851,000	460,578,000	496,618,000	496,618,000
accounts and notes payable	750,806,000	750,806,000	754,367,000	754,367,000	813,337,000	813,337,000	709,260,000		728,361,000	728,361,000	726,827,000	726,827,000	773,845,000	773,845,000		765,448,000	765,448,000	743,685,000	743,685,000	710,251,000	710,251,000	713,628,000		647,749,000	647,749,000	695,034,000	695,034,000	618,965,000	618,965,000	493,506,000		490,055,000	490,055,000	432,257,000	432,257,000	398,219,000	289,387,000		332,726,000	332,726,000	337,402,000	251,456,000	374,423,000	374,423,000	296,261,000		332,451,000	332,451,000	392,572,000	392,572,000	377,928,000	377,928,000	389,508,000		421,242,000	421,242,000	287,987,000	287,987,000	293,135,000	293,135,000	252,892,000		291,733,000	291,733,000	584,499,000	584,499,000	590,059,000	590,059,000	529,569,000		549,714,000	549,714,000	572,317,000	572,317,000	546,805,000	546,805,000	482,622,000		447,228,000	447,228,000	410,952,000	410,952,000	427,550,000	427,550,000
amounts due to related parties	614,469,000	614,469,000	409,636,000	409,636,000	351,966,000	351,966,000	355,679,000		354,903,000	354,903,000	379,070,000	379,070,000	381,524,000	381,524,000		357,567,000	357,567,000	356,358,000	356,358,000	3,657,000	3,657,000	6,928,000		10,749,000	10,749,000	4,791,000	4,791,000	7,790,000	7,790,000	8,772,000		1,775,000	1,775,000	2,595,000	2,595,000	48,294,000	51,007,000		64,006,000	64,006,000	67,574,000	52,647,000	60,252,000	60,252,000	163,247,000		113,698,000	113,698,000	42,725,000	42,725,000	46,660,000	46,660,000	52,328,000		230,174,000	230,174,000	54,795,000	54,795,000	59,386,000	59,386,000	55,675,000		284,324,000	284,324,000	119,782,000	119,782,000	126,953,000	126,953,000	121,928,000		185,771,000	185,771,000	198,109,000	198,109,000	395,063,000	395,063,000	397,588,000		401,066,000	401,066,000	406,433,000	406,433,000	346,934,000	346,934,000	355,642,000		884,710,000	884,710,000	744,485,000	744,485,000	225,256,000		226,145,000	266,783,000	121,128,000		212,590,000	151,777,000	120,370,000		76,138,000	55,865,000	42,447,000
income taxes payable	45,103,000	45,103,000	44,163,000	44,163,000	48,748,000	48,748,000	69,569,000		51,554,000	51,554,000	61,930,000	61,930,000	54,071,000	54,071,000		41,003,000	41,003,000	37,897,000	37,897,000	30,332,000	30,332,000	42,017,000		64,652,000	64,652,000	47,492,000	47,492,000	49,511,000	49,511,000	43,770,000		46,649,000	46,649,000	35,992,000	35,992,000	36,878,000	29,028,000		50,454,000	50,454,000	42,683,000		47,366,000	47,366,000	48,032,000		40,844,000	40,844,000	29,020,000	29,020,000	20,957,000	20,957,000	13,111,000		32,903,000	32,903,000	29,650,000	29,650,000	28,456,000	28,456,000	13,309,000		20,145,000	20,145,000	15,100,000	15,100,000	28,608,000	28,608,000	21,899,000		36,763,000	36,763,000	23,169,000	23,169,000	58,386,000	58,386,000	49,959,000		56,820,000	56,820,000	44,074,000	44,074,000	46,471,000	46,471,000	35,013,000		42,946,000	42,946,000	28,365,000	28,365,000	20,192,000		21,603,000	24,337,000	24,455,000
advances from customers	1,678,642,000	1,678,642,000	1,289,187,000	1,289,187,000	1,311,898,000	1,311,898,000	1,378,806,000		1,752,935,000	1,752,935,000	1,530,852,000	1,530,852,000	1,594,157,000	1,594,157,000		1,573,747,000	1,573,747,000	1,448,931,000	1,448,931,000	1,563,908,000	1,563,908,000	1,157,963,000		1,204,318,000	1,204,318,000	1,238,029,000	1,238,029,000	1,167,145,000	1,167,145,000	1,041,902,000		988,402,000	988,402,000	980,088,000	980,088,000	1,160,639,000	1,041,594,000		627,981,000	627,981,000	1,187,661,000		1,158,321,000	1,158,321,000	1,068,692,000		996,064,000	996,064,000	892,292,000	892,292,000	767,065,000	767,065,000	670,037,000		590,069,000	590,069,000	475,541,000	475,541,000	477,239,000	477,239,000	403,244,000		426,927,000	426,927,000	349,702,000	349,702,000	313,296,000	313,296,000	201,397,000		188,924,000	188,924,000	161,636,000	161,636,000	194,276,000	194,276,000	185,800,000		177,238,000	177,238,000	133,260,000	133,260,000	106,212,000	106,212,000	97,679,000						47,531,000		25,097,000	20,449,000	19,886,000		34,054,000	23,860,000	21,600,000		19,842,000	19,689,000	14,738,000
deferred revenue	91,324,000	91,324,000	82,325,000	82,325,000	94,985,000	94,985,000	87,830,000		87,354,000	87,354,000	87,103,000	87,103,000	101,103,000	101,103,000		119,482,000	119,482,000	83,474,000	83,474,000	119,217,000	119,217,000	95,078,000		95,852,000	95,852,000	75,766,000	75,766,000	55,777,000	55,777,000	55,695,000		68,494,000	68,494,000	63,311,000	63,311,000	59,083,000	63,245,000		51,993,000	51,993,000	54,327,000	47,802,000	73,058,000	73,058,000	57,625,000		61,016,000	61,016,000	44,878,000	44,878,000	43,942,000	43,942,000	57,754,000		52,619,000	52,619,000	41,465,000	41,465,000	35,248,000	35,248,000	55,753,000		47,079,000	47,079,000	265,766,000	265,766,000	281,466,000	281,466,000	320,023,000		318,930,000	318,930,000	341,290,000	341,290,000	340,635,000	340,635,000	342,105,000		333,238,000	333,238,000	327,233,000	327,233,000	340,421,000	340,421,000	347,441,000		508,355,000	508,355,000	463,869,000	463,869,000
current portion of deferred government grants	55,246,000	55,246,000	57,133,000	57,133,000	9,339,000	9,339,000	6,727,000		8,538,000	8,538,000	10,311,000	10,311,000	11,328,000	11,328,000		7,807,000	7,807,000	3,646,000	3,646,000	3,646,000	3,646,000
accrued expenses and other payables	4,635,493,000	4,635,493,000	3,888,806,000	3,888,806,000	3,736,633,000	3,736,633,000	3,618,237,000	65,499	2,527,584,000	2,527,584,000	2,717,898,000	2,717,898,000	2,928,158,000	2,928,158,000	137,826	2,573,780,000	2,573,780,000	2,680,426,000	2,680,426,000	2,382,095,000	2,382,095,000	2,410,479,000	88,225	2,686,116,000	2,686,116,000	2,009,115,000	2,009,115,000	2,119,076,000	2,119,076,000	2,298,089,000	54,893	2,001,310,000	2,001,310,000	1,443,884,000	1,443,884,000	1,342,611,000	1,631,563,000	49,648	1,451,722,000	1,451,722,000	1,592,434,000	1,250,521,000	1,015,817,000	1,015,817,000	975,935,000	57,612	1,066,569,000	1,066,569,000	586,899,000	586,899,000	637,518,000	637,518,000	659,320,000	56,656	542,539,000	542,539,000	582,317,000	582,317,000	593,652,000	593,652,000	657,133,000	70,504	653,961,000	653,961,000	741,400,000	741,400,000	700,306,000	700,306,000	787,916,000	38,599	739,242,000	739,242,000	652,126,000	652,126,000	634,809,000	634,809,000	637,957,000	14,826	605,545,000	605,545,000	738,930,000	738,930,000	568,662,000	568,662,000	599,491,000	4,772	596,748,000	596,748,000	680,688,000	680,688,000	341,198,000		294,489,000	194,254,000	179,552,000		185,451,000	200,221,000	190,002,000		82,341,000	52,422,000	41,255,000
total current liabilities	12,172,218,000	12,172,218,000	10,445,628,000	10,445,628,000	10,114,177,000	10,114,177,000	9,343,415,000	1,264,285	8,363,584,000	8,363,584,000	8,142,596,000	8,142,596,000	8,084,434,000	8,084,434,000	5,572,156	11,217,936,000	11,217,936,000	11,200,517,000	11,200,517,000	10,799,824,000	10,799,824,000	6,332,085,000	1,522,734	6,028,487,000	6,028,487,000	5,292,618,000	5,292,618,000	5,312,962,000	5,312,962,000	5,179,995,000	862,497	6,794,908,000	6,794,908,000	5,887,561,000	5,887,561,000	6,040,400,000	6,121,960,000	2,070,318	3,487,096,000	3,487,096,000	5,286,654,000	6,949,920,000	4,682,748,000	4,682,748,000	4,469,021,000	1,049,811	3,240,577,000	3,240,577,000	2,377,379,000	2,377,379,000	2,291,289,000	2,291,289,000	2,191,210,000	134,588	2,267,891,000	2,267,891,000	1,835,971,000	1,835,971,000	1,837,366,000	1,837,366,000	1,775,323,000	201,484	3,581,970,000	3,581,970,000	4,080,385,000	4,080,385,000	4,406,058,000	4,406,058,000	4,373,857,000	2,052,209	4,486,904,000	4,486,904,000	4,419,808,000	4,419,808,000	2,615,496,000	2,615,496,000	2,821,904,000	643,434	2,675,370,000	2,675,370,000	3,580,483,000	3,580,483,000	3,344,354,000	3,344,354,000	3,017,953,000	280,452	3,644,584,000	3,644,584,000	2,618,183,000	2,618,183,000	1,279,647,000	1,061,358,000		1,080,102,000	915,222,000	810,147,000	878,948,000	654,873,000	593,264,000	462,537,000	346,147,000	277,003,000	234,651,000	210,559,000	315,734,000
non-current liabilities:
long-term borrowings	10,986,557,000	10,986,557,000	9,476,393,000	9,476,393,000	8,958,785,000	8,958,785,000	7,767,390,000		7,082,026,000	7,082,026,000	6,668,842,000	6,668,842,000	6,266,916,000	6,266,916,000		4,570,655,000	4,570,655,000	3,667,562,000	3,667,562,000	3,632,968,000	3,632,968,000	3,049,856,000		3,039,178,000	3,039,178,000	2,835,549,000	2,835,549,000	2,894,804,000	2,894,804,000	2,215,015,000		1,917,020,000	1,917,020,000	1,593,557,000	1,593,557,000	1,554,758,000	886,996,000		485,123,000	485,123,000			268,369,000	268,369,000	79,500,000		96,000,000	96,000,000	96,000,000	96,000,000	121,826,000	121,826,000
convertible notes	5,489,924,000	5,489,924,000	5,176,772,000	5,176,772,000																																							899,808,000	899,808,000
non-current portion of finance lease liabilities	1,761,178,000	1,761,178,000	1,577,599,000	1,577,599,000	1,556,327,000	1,556,327,000	1,532,309,000		1,169,573,000	1,169,573,000	1,142,194,000	1,142,194,000	1,147,268,000	1,147,268,000		1,161,949,000	1,161,949,000	1,181,477,000	1,181,477,000	1,103,454,000	1,103,454,000	1,047,640,000		1,241,572,000	1,241,572,000	1,117,232,000	1,117,232,000	1,141,856,000	1,141,856,000	1,119,751,000		1,055,535,000	1,055,535,000	1,071,404,000	1,071,404,000	662,623,000	688,128,000		1,061,281,000	1,061,281,000		640,970,000	894,416,000	894,416,000
non-current portion of operating lease liabilities	4,122,983,000	4,122,983,000	4,186,863,000	4,186,863,000	4,105,999,000	4,105,999,000	3,779,293,000		3,587,701,000	3,587,701,000	3,596,438,000	3,596,438,000	3,292,955,000	3,292,955,000		3,360,070,000	3,360,070,000	3,172,632,000	3,172,632,000	3,361,049,000	3,361,049,000	2,905,283,000		3,117,532,000	3,117,532,000	2,258,049,000	2,258,049,000	2,244,884,000	2,244,884,000	2,284,055,000		1,447,213,000	1,447,213,000	946,898,000	946,898,000	626,062,000	645,499,000		558,154,000	558,154,000		388,581,000	481,948,000	481,948,000
unrecognized tax benefits	107,850,000	107,850,000	107,850,000	107,850,000	107,850,000	107,850,000	107,850,000		98,457,000	98,457,000	98,457,000	98,457,000	98,457,000	98,457,000		87,174,000	87,174,000	87,174,000	87,174,000	87,174,000	87,174,000	87,174,000		86,259,000	86,259,000	80,621,000	80,621,000	80,553,000	80,553,000	77,573,000		81,256,000	81,256,000	71,835,000	71,835,000	68,967,000	68,696,000		3,873,000	3,873,000		3,377,000	2,538,000	2,538,000	2,443,000		4,131,000	4,131,000	3,952,000	3,952,000	6,797,000	6,797,000			22,492,000	22,492,000	22,322,000	22,322,000	16,701,000	16,701,000	16,511,000		24,474,000	24,474,000	31,762,000	31,762,000	29,781,000	29,781,000	28,689,000		22,705,000	22,705,000	21,988,000	21,988,000	15,407,000	15,407,000	14,492,000		12,499,000	12,499,000	11,897,000	11,897,000	21,739,000	21,739,000	20,453,000		13,381,000	13,381,000	13,532,000	13,532,000	18,934,000		13,824,000	13,342,000	12,800,000		12,447,000	11,636,000	28,661,000		19,383,000	14,582,000	10,318,000
deferred tax liabilities	903,643,000	903,643,000	898,530,000	898,530,000	875,054,000	875,054,000	734,404,000		703,390,000	703,390,000	698,162,000	698,162,000	693,898,000	693,898,000		758,168,000	758,168,000	692,113,000	692,113,000	689,095,000	689,095,000	682,580,000		618,976,000	618,976,000	360,873,000	360,873,000	362,364,000	362,364,000	348,404,000		352,113,000	352,113,000	293,632,000	293,632,000	302,867,000	299,093,000		243,370,000	243,370,000		116,005,000	225,945,000	225,945,000	202,572,000		204,573,000	204,573,000	175,289,000	175,289,000	179,432,000	179,432,000			182,680,000	182,680,000	184,829,000	184,829,000	188,539,000	188,539,000	190,873,000		199,616,000	199,616,000	267,128,000	267,128,000	271,123,000	271,123,000	274,700,000		302,649,000	302,649,000	284,407,000	284,407,000	286,521,000	286,521,000			43,000	43,000	3,198,000	3,198,000	263,000	263,000	2,696,000		5,936,000	5,936,000	8,691,000	8,691,000	5,872,000		80,889,000	60,380,000	55,051,000		43,796,000	36,552,000	38,110,000		32,839,000	34,518,000	36,147,000
deferred government grants	220,640,000	220,640,000	219,104,000	219,104,000	267,078,000	267,078,000	273,824,000		265,941,000	265,941,000	260,876,000	260,876,000	143,862,000	143,862,000		92,628,000	92,628,000	101,471,000	101,471,000	82,529,000	82,529,000																				2,074,000	2,074,000																																																	17,156,000				18,859,000
total non-current liabilities	23,592,775,000	23,592,775,000	21,643,111,000	21,643,111,000	21,116,072,000	21,116,072,000	16,092,808,000	1,897,738	14,700,982,000	14,700,982,000	14,431,348,000	14,431,348,000	13,601,591,000	13,601,591,000	1,958,652	11,824,774,000	11,824,774,000	10,708,018,000	10,708,018,000	10,673,299,000	10,673,299,000	13,634,465,000	5,859,259	14,572,688,000	14,572,688,000	12,771,132,000	12,771,132,000	12,504,818,000	12,504,818,000	10,314,043,000	4,266,951	9,424,876,000	9,424,876,000	8,713,261,000	8,713,261,000	9,318,911,000	6,354,315,000	3,014,057	7,662,446,000	7,662,446,000		3,176,974,000	5,643,896,000	5,643,896,000	4,573,057,000	2,060,708	5,115,041,000	5,115,041,000	5,247,586,000	5,247,586,000	4,297,421,000	4,297,421,000		2,037,836	3,648,210,000	3,648,210,000	3,058,156,000	3,058,156,000	2,868,485,000	2,868,485,000	2,931,834,000	1,918,069	3,692,619,000	3,692,619,000	1,181,739,000	1,181,739,000	1,197,705,000	1,197,705,000	1,196,650,000		1,212,680,000	1,212,680,000	1,178,088,000	1,178,088,000	3,124,618,000	3,124,618,000		2,027,384	3,126,186,000	3,126,186,000	3,137,693,000	3,137,693,000	3,408,922,000	3,408,922,000	3,650,403,000	2,544,792	3,447,458,000	3,447,458,000	4,006,842,000	4,006,842,000	2,556,867,000		2,543,237,000	1,548,085,000	1,570,020,000		351,306,000	328,751,000	308,984,000		237,708,000	314,507,000	267,359,000
mezzanine equity:
redeemable non-controlling interests	1,248,101,000	1,248,101,000	869,838,000	869,838,000	869,303,000	869,303,000
total mezzanine equity	1,248,101,000	1,248,101,000	869,838,000	869,838,000	869,303,000	869,303,000																																																																																																	1,221,330,000	991,110,000	991,110,000
shareholders' equity
ordinary shares	112,000	112,000	112,000	112,000	112,000	112,000	112,000		109,000		109,000	109,000	109,000	109,000		60,000	60,000	60,000	60,000	60,000	60,000	60,000		60,000	60,000	60,000	60,000	60,000	60,000	60,000		59,000	59,000	59,000	59,000	62,000	56,000		55,000	55,000			46,000	46,000	46,000		46,000	46,000	46,000	46,000	46,000	46,000			46,000	46,000	46,000	46,000	46,000	46,000	46,000		45,000	45,000	45,000	45,000	45,000	45,000	45,000		45,000	45,000	45,000	45,000	34,000	34,000			34,000	34,000	34,000	34,000	33,000	33,000	26,000		26,000	26,000	26,000	26,000	26,000		24,000	23,000	23,000		23,000	23,000	23,000		23,000	22,000	7,000
treasury stock	-179,087,000	-179,087,000	-161,892,000	-161,892,000	-161,892,000	-161,892,000	-161,892,000	-161,892	-163,073,000		-173,427,000	-173,427,000	-325,425,000	-325,425,000	-326,953	-161,892,000	-161,892,000	-349,523,000	-349,523,000	-349,523,000	-349,523,000	-349,523,000	-349,523	-349,523,000	-349,523,000	-349,523,000	-349,523,000	-349,523,000	-349,523,000	-349,523,000	-349,523	-349,523,000	-349,523,000	-349,523,000	-349,523,000	-349,523,000	-349,523,000	-349,523	-349,523,000	-349,523,000			-349,523,000	-349,523,000	-349,523,000	-349,523	-337,683,000	-337,683,000	-337,683,000	-337,683,000	-337,683,000	-337,683,000		-337,683	-337,683,000	-337,683,000	-337,683,000	-337,683,000	-337,683,000	-337,683,000	-337,683,000	-337,683	-337,683,000	-337,683,000	-309,897,000	-309,897,000	-270,978,000	-270,978,000	-204,557,000	-204,557	-175,486,000	-175,486,000	-162,428,000	-162,428,000	-162,428,000	-162,428,000		-193,142	-193,142,000	-193,142,000	-213,665,000	-213,665,000	-213,665,000	-213,665,000	-213,665,000	-213,665	-213,665,000	-213,665,000					-41,124,000		-14,730,000		-26,675,000	-26,675,000	-168,018,000		-28,283,000
additional paid-in capital	17,240,286,000	17,240,286,000	17,349,517,000	17,349,517,000	17,340,396,000	17,340,396,000	17,298,692,000	17,298,692	17,256,955,000		17,260,924,000	17,260,924,000	17,403,894,000	17,403,894,000	17,291,312	15,225,122,000	15,225,122,000	15,220,309,000	15,220,309,000	15,285,161,000	15,285,161,000	15,239,926,000	15,239,926	15,258,788,000	15,258,788,000	15,229,505,000	15,229,505,000	15,212,378,000	15,212,378,000	15,198,055,000	15,198,055	14,976,505,000	14,976,505,000	14,995,378,000	14,995,378,000	15,695,092,000	13,083,119,000	13,083,119	12,790,027,000	12,790,027,000			9,225,788,000	9,225,788,000	9,202,567,000	9,202,567	9,087,046,000	9,087,046,000	9,168,796,000	9,168,796,000	9,161,075,000	9,161,075,000		9,141,494	9,019,296,000	9,019,296,000	9,004,633,000	9,004,633,000	8,991,665,000	8,991,665,000	8,980,407,000	8,980,407	8,966,096,000	8,966,096,000	9,051,232,000	9,051,232,000	9,027,182,000	9,027,182,000	9,199,248,000	9,015,846	9,220,701,000	9,220,701,000	9,161,557,000	9,161,557,000	6,391,474,000	6,391,474,000		6,295,320	6,378,119,000	6,378,119,000	6,346,857,000	6,346,857,000	6,081,402,000	6,081,402,000	4,196,191,000	4,117,232	4,132,551,000	4,132,551,000	4,092,871,000	4,092,871,000	4,069,447,000		3,362,833,000	3,312,643,000	3,313,290,000		3,182,868,000	3,159,013,000	3,289,505,000		3,183,359,000	3,161,304,000	597,967,000
statutory reserves	122,443,000	122,443,000	113,292,000	113,292,000	107,380,000	107,380,000	107,380,000		94,276,000		80,615,000	80,615,000	80,615,000	80,615,000		77,996,000	77,996,000	77,996,000	77,996,000	78,181,000	78,181,000	77,995,000		76,763,000	76,763,000	75,540,000	75,540,000	74,685,000	74,685,000	74,462,000		74,462,000	74,462,000	74,462,000	74,462,000	73,386,000	74,462,000		60,030,000	60,030,000			60,186,000	60,186,000	60,469,000		43,838,000	43,838,000	43,825,000	43,825,000	42,964,000	42,964,000			40,014,000	40,014,000	39,441,000	39,441,000	38,969,000	38,969,000	38,736,000		39,009,000	39,009,000	66,729,000	66,729,000	66,062,000	66,062,000	64,622,000		63,174,000	63,174,000	63,174,000	63,174,000	63,782,000	63,782,000			59,929,000	59,929,000	58,109,000	58,109,000	55,886,000	55,886,000	52,263,000		35,463,000	35,463,000	35,178,000	35,178,000	35,178,000		25,871,000	25,871,000	25,871,000		15,837,000	15,837,000	15,837,000		14,143,000	14,143,000	14,143,000
accumulated other comprehensive loss	-6,885,000	-6,885,000	-15,818,000	-15,818,000	-11,695,000	-11,695,000	-18,504,000	-18,504	-16,088,000		-20,084,000	-20,084,000	-20,623,000	-20,623,000										-8,358,000	-8,358,000	-29,383,000	-29,383,000	-101,239,000	-101,239,000	-90,443,000	-90,443	-61,063,000	-61,063,000	-63,254,000	-63,254,000	-31,205,000		-55,535																			17,854,000	17,854,000	-77,733,000	-77,733,000									118,290,000		20,043,000	20,043,000	2,944,000	2,944,000	-24,953,000	-24,953,000		-24,236								-65,754					-76,824,000		-76,630,000		-60,028,000
accumulated deficit	-11,431,556,000	-11,431,556,000	-11,115,339,000	-11,115,339,000	-11,097,446,000	-11,097,446,000	-10,859,888,000	-10,752,508	-10,835,688,000		-11,139,653,000	-11,139,653,000	-11,203,328,000	-11,203,328,000	-10,935,708	-8,758,547,000	-8,758,547,000	-8,520,454,000	-8,520,454,000	-8,287,760,000	-8,287,760,000	-8,369,868,000	-8,291,872	-8,304,392,000	-8,304,392,000	-7,877,958,000	-7,877,958,000	-7,499,899,000	-7,499,899,000	-7,590,382,000	-7,515,920	-7,565,741,000	-7,565,741,000	-7,721,978,000	-7,721,978,000	-7,318,696,000	-7,235,113,000	-7,160,651	-6,205,303,000	-6,205,303,000			-4,176,870,000	-4,176,870,000	-4,038,390,000	-3,977,921	-4,005,343,000	-4,005,343,000	-3,935,874,000	-3,935,874,000	-3,832,953,000	-3,832,953,000		-3,795,629	-3,721,580,000	-3,721,580,000	-3,691,375,000	-3,691,375,000	-3,596,693,000	-3,596,693,000	-3,629,300,000	-3,590,564	-4,414,790,000	-4,414,790,000	-3,067,745,000	-3,067,745,000	-2,970,265,000	-2,970,265,000	-3,052,433,000	-2,804,409	-2,607,729,000	-2,607,729,000	-2,473,760,000	-2,473,760,000	-2,377,393,000	-2,377,393,000		-2,063,014	-2,106,656,000	-2,106,656,000	-2,042,693,000	-2,042,693,000	-1,895,325,000	-1,895,325,000	-1,794,975,000	-1,634,915	-1,604,087,000	-1,604,087,000	-1,643,405,000	-1,643,405,000	-1,581,184,000		-1,415,796,000	-1,402,587,000	-1,359,987,000		-1,404,580,000	-1,416,431,000	-1,434,428,000		-1,419,430,000	-1,500,974,000	-1,471,422,000
total vnet group, inc. shareholders’ equity	5,745,313,000	5,745,313,000					6,365,900,000		6,336,491,000		6,008,484,000	6,008,484,000						6,432,188,000	6,432,188,000	6,726,359,000	6,726,359,000	6,609,612,000		6,673,338,000	6,673,338,000	7,048,241,000	7,048,241,000	7,336,462,000	7,336,462,000	7,242,229,000		7,074,699,000	7,074,699,000
noncontrolling interest	596,404,000	596,404,000	579,910,000	579,910,000	556,254,000	556,254,000	554,919,000		524,373,000		536,121,000	536,121,000	527,947,000	527,947,000		485,934,000	485,934,000	475,356,000	475,356,000	468,625,000	468,625,000	372,243,000		365,436,000	365,436,000	364,664,000	364,664,000	360,967,000	360,967,000	358,772,000		356,036,000	356,036,000	348,019,000	348,019,000	339,864,000	332,546,000		321,721,000	321,721,000			279,796,000	279,796,000	278,555,000		373,116,000	373,116,000	276,793,000	276,793,000	269,919,000	269,919,000			346,124,000	346,124,000	148,103,000	148,103,000	153,362,000	153,362,000	151,471,000		103,230,000	103,230,000	50,307,000	50,307,000	26,452,000	26,452,000	25,802,000		21,186,000	21,186,000	20,575,000	20,575,000	19,954,000	19,954,000
total shareholders' equity	6,341,717,000	6,341,717,000	6,749,782,000	6,749,782,000	6,733,109,000	6,733,109,000	6,920,819,000		6,860,864,000		6,544,605,000	6,544,605,000	6,463,189,000	6,463,189,000		6,878,208,000	6,878,208,000	6,907,544,000	6,907,544,000	7,194,984,000	7,194,984,000	6,981,855,000		7,038,774,000	7,038,774,000	7,412,905,000	7,412,905,000	7,697,429,000	7,697,429,000	7,601,001,000		7,430,735,000	7,430,735,000	7,283,163,000	7,283,163,000	8,408,980,000
total liabilities, mezzanine equity and shareholders' equity	43,354,811,000	43,354,811,000
derivative financial instruments			16,307,000	16,307,000	16,307,000	16,307,000	6,768,000
total vnet group,inc. shareholders’ equity			6,169,872,000	6,169,872,000	6,176,855,000	6,176,855,000							5,935,242,000	5,935,242,000		6,392,274,000	6,392,274,000
total liabilities and shareholders' equity			39,708,359,000	39,708,359,000	38,832,661,000	38,832,661,000	32,357,042,000		29,925,430,000		29,118,549,000	29,118,549,000	28,149,214,000	28,149,214,000		29,920,918,000	29,920,918,000	28,816,079,000	28,816,079,000	28,668,107,000	28,668,107,000	26,948,405,000		27,639,949,000	27,639,949,000	25,476,655,000	25,476,655,000	25,515,209,000	25,515,209,000	23,095,039,000		23,650,519,000	23,650,519,000	21,883,985,000	21,883,985,000	23,768,291,000
intangible assets and other long-term assets					2,768,074,000	2,768,074,000
convertible promissory notes					5,244,979,000	5,244,979,000	1,897,738,000		1,793,894,000		1,781,082,000	1,781,082,000	1,773,055,000	1,773,055,000	4,208,495	4,261,215,000	4,261,215,000	4,433,161,000	4,433,161,000	4,578,083,000	4,578,083,000	5,859,259,000	537,778	6,463,682,000	6,463,682,000	6,117,694,000	6,117,694,000	5,778,691,000	5,778,691,000	4,266,951,000	4,266,951	4,569,313,000	4,569,313,000	4,732,739,000	4,732,739,000	5,350,162,000	3,014,057,000	3,014,057	2,539,118,000	2,539,118,000
intangible assets							1,403,787,000		1,347,751,000	1,347,751,000	1,340,625,000	1,340,625,000	1,361,055,000	1,361,055,000		1,409,782,000	1,409,782,000	1,436,523,000	1,436,523,000	1,469,112,000	1,469,112,000	1,497,131,000		1,592,135,000	1,592,135,000	871,067,000	871,067,000	892,180,000	892,180,000	900,335,000		913,834,000	913,834,000	641,252,000	641,252,000	657,526,000	660,551,000		571,967,000	571,967,000	421,029,000	183,090,000	399,888,000	399,888,000	410,595,000		422,754,000	422,754,000	429,813,000	429,813,000	439,351,000	439,351,000	355,313,000		362,904,000	362,904,000	372,375,000	372,375,000	382,416,000	382,416,000	401,115,000		418,857,000	418,857,000	906,307,000	906,307,000	941,918,000	941,918,000	977,341,000		1,162,462,000	1,162,462,000	1,196,642,000	1,196,642,000	1,232,363,000	1,232,363,000	1,274,166,000		1,309,621,000	1,309,621,000	1,339,583,000	1,339,583,000	1,373,504,000	1,373,504,000	1,404,453,000		1,440,094,000	1,440,094,000	1,093,035,000	1,093,035,000	338,068,000		350,495,000	354,052,000	345,550,000		284,796,000	266,891,000	274,830,000		135,110,000	142,296,000	149,254,000
derivative liability											185,297,000	185,297,000	185,180,000	185,180,000	188,706

investments in subsidiaries								9,335,836															1,484,730								2,333,998							2,169,222								1,446,563																1,259,455								2,133,242								2,565,783								2,659,202
liabilities and shareholders’ equity
account payables								58							57								56								51							52								56																6,351								10,672								5,929
amounts due to subsidiaries								1,198,728							1,225,778								896,675								806,788							38,863								22,471								21,242
total liabilities								3,162,023		23,064,566,000					7,530,808								7,381,993								5,129,448							5,084,375				10,126,894,000				3,110,519								2,172,424								2,119,553								2,052,209								2,670,818								2,825,244						3,630,145,000				1,087,614,000				733,228,000				444,004,000	326,929,000
shareholders’ equity:
class a ordinary shares								108							103								56								56							44								34								34								34								33								30								23
class b ordinary shares								4							4								4								4							12								12								12								12								12								4								3
class c ordinary shares
total shareholders’ equity								6,365,900							6,014,415								6,609,613								7,242,229						6,897,480,000	6,564,934	7,700,443,000	7,700,443,000			5,133,746,000	5,133,746,000	5,231,628,000	4,953,073	5,287,796,000	5,287,796,000	5,305,533,000	5,305,533,000	5,358,102,000	5,358,102,000		5,094,207	5,438,998,000	5,438,998,000	5,181,019,000	5,181,019,000	5,171,933,000	5,171,933,000	5,201,004,000	5,049,533	4,371,939,000	4,371,939,000	5,850,934,000	5,850,934,000	5,983,872,000	5,983,872,000	6,151,017,000	6,125,215	6,541,934,000	6,541,934,000	6,612,107,000	6,612,107,000	3,910,470,000	3,910,470,000		4,014,962	4,106,358,000	4,106,358,000	4,102,061,000	4,102,061,000	2,802,284,000	2,802,284,000	2,198,119,000	2,202,924	2,298,031,000	2,298,031,000	2,431,126,000	2,431,126,000	2,463,240,000	2,475,301,000	1,871,039,000	1,882,068,000	1,923,095,000	1,889,305,000	1,737,994,000	1,699,251,000	1,664,821,000					-709,527,000
total liabilities and shareholders’ equity								9,527,923							13,545,223								13,991,606								12,371,677						19,373,755,000	11,649,309	18,849,985,000	18,849,985,000			15,460,390,000	15,460,390,000	14,273,706,000	8,063,592	13,643,414,000	13,643,414,000	12,930,498,000	12,930,498,000	11,946,812,000	11,946,812,000		7,266,631	11,355,099,000	11,355,099,000	10,075,146,000	10,075,146,000	9,877,784,000	9,877,784,000		7,169,086								8,177,424								6,685,780	10,687,451,000	10,687,451,000	11,596,028,000	11,596,028,000	10,329,197,000	10,329,197,000	9,640,181,000	5,028,168	10,138,084,000	10,138,084,000	9,803,058,000	9,803,058,000	6,299,754,000		5,562,509,000	4,510,255,000	4,408,337,000
commitments and contingencies
amounts due from subsidiaries															13,352,240								12,399,253								9,844,114							9,320,580								6,128,595								5,062,149
accumulated other comprehensive income															-14,343	9,535,000	9,535,000	3,800,000	3,800,000	240,000	240,000	11,022,000	11,022																							77,904								85,979								-2,673								118,290																															-43,625,000	-14,837,000	410,000
goodwill																1,364,191,000	1,364,191,000	1,364,191,000	1,364,191,000	1,364,191,000	1,364,191,000	1,364,191,000		1,339,657,000	1,339,657,000	1,339,657,000	1,339,657,000	1,339,657,000	1,339,657,000	1,339,657,000		1,322,167,000	1,322,167,000	994,993,000	994,993,000	994,993,000	994,993,000		994,993,000	994,993,000	995,200,000	308,318,000	989,530,000	989,530,000	989,530,000		989,530,000	989,530,000	989,530,000	989,530,000	989,530,000	989,530,000	989,530,000		989,530,000	989,530,000	989,530,000	989,530,000	989,530,000	989,530,000	989,530,000		989,530,000	989,530,000	1,755,970,000	1,755,970,000	1,755,970,000	1,755,970,000	1,755,970,000		1,755,970,000	1,755,970,000	1,755,970,000	1,755,970,000	1,755,970,000	1,755,970,000	1,755,970,000		1,755,970,000	1,755,970,000	1,755,970,000	1,755,970,000	1,755,970,000	1,755,970,000	1,755,970,000		1,803,316,000	1,803,316,000	1,179,799,000	1,179,799,000	410,500,000		413,500,000	413,500,000	333,326,000		296,688,000	217,436,000	217,436,000		170,171,000	170,171,000	170,171,000
amount due from related parties																18,500,000	18,500,000																																						134,292,000	134,292,000	121,922,000	121,922,000	93,294,000	93,294,000	114,256,000		374,423,000	374,423,000	192,663,000	192,663,000	183,546,000	183,546,000	182,615,000		162,753,000	162,753,000	153,727,000	153,727,000	88,781,000	88,781,000	105,137,000		86,788,000	86,788,000	84,345,000	84,345,000	55,200,000	55,200,000	54,867,000		55,292,000	55,292,000	34,411,000	34,411,000	71,532,000		59,488,000	56,737,000	26,703,000		16,080,000	50,408,000	57,773,000		3,536,000	4,296,000	7,376,000
current portion of convertible promissory notes																						537,778,000
current portion of deferred government grant																						3,646,000		2,074,000	2,074,000	2,074,000	2,074,000	2,074,000	2,074,000	2,074,000		2,074,000	2,074,000	2,074,000	2,074,000	2,074,000	2,074,000		2,074,000	2,074,000			2,157,000	2,157,000	2,595,000		3,048,000	3,048,000	3,501,000	3,501,000	4,001,000	4,001,000	4,173,000		4,574,000	4,574,000	4,574,000	4,574,000	4,574,000	4,574,000	4,574,000		4,601,000	4,601,000	4,811,000	4,811,000	4,959,000	4,959,000	5,107,000		5,199,000	5,199,000	5,926,000	5,926,000	6,179,000	6,179,000	6,332,000		5,776,000	5,776,000	6,382,000	6,382,000	7,722,000	7,722,000	6,150,000		6,366,000	6,366,000
non-current portion of deferred government grant																						2,673,000		5,489,000	5,489,000	1,114,000	1,114,000	1,666,000	1,666,000	2,294,000		2,426,000	2,426,000	3,196,000	3,196,000	3,648,000	4,100,000		4,551,000	4,551,000			5,454,000	5,454,000	5,906,000		7,578,000	7,578,000	8,751,000	8,751,000	9,992,000	9,992,000			12,985,000	12,985,000	14,314,000	14,314,000	16,112,000	16,112,000	17,861,000		23,013,000	23,013,000	27,162,000	27,162,000	24,732,000	24,732,000	25,886,000		27,138,000	27,138,000	28,702,000	28,702,000	29,830,000	29,830,000			33,233,000	33,233,000	34,180,000	34,180,000	33,450,000	33,450,000	27,422,000		30,339,000	30,339,000
amount due to related parties																															765							783																								39,068								68,131								346,872								268,290
current portion of bonds payable																																1,945,087,000	1,945,087,000	1,932,905,000	1,932,905,000	1,962,131,000	1,943,619,000	1,943,619			927,636,000		926,842,000	926,842,000		911,147									12,239,000	12,239,000	11,729,000	11,729,000	10,939,000	10,939,000	11,139,000		10,732,000	10,732,000			419,905,000	419,905,000	419,316,000		418,444,000	418,444,000	1,988,777,000	1,988,777,000			264,250,000		264,204,000	264,204,000	264,155,000	264,155,000	264,174,000	264,174,000
series a perpetual convertible preferred shares																																					1,047,468,000	1,047,468	1,044,831,000	1,044,831,000
deferred tax assets,net																																173,089,000	173,089,000
bonds payable																																							2,024,365,000	2,024,365,000			2,097,332,000	2,097,332,000	2,060,708,000	2,060,708	3,007,973,000	3,007,973,000	3,041,382,000	3,041,382,000	2,002,430,000	2,002,430,000		2,037,836	2,027,695,000	2,027,695,000	1,947,608,000	1,947,608,000	1,848,263,000	1,848,263,000	1,918,069,000	11,139	1,947,084,000	1,947,084,000						419,316					1,986,633,000	1,986,633,000		264,250	2,000,000,000	2,000,000,000	2,000,000,000	2,000,000,000	2,000,000,000	2,000,000,000	2,264,064,000	2,264,064	2,264,023,000	2,264,023,000	2,263,977,000	2,263,977,000	998,630,000		969,863,000	966,970,000	964,534,000
total 21vianet group, inc. shareholders’ equity																																		6,935,144,000	6,935,144,000	8,069,116,000	6,564,934,000		7,378,722,000	7,378,722,000			4,853,950,000	4,853,950,000	4,953,073,000		4,914,680,000	4,914,680,000	5,028,740,000	5,028,740,000	5,088,183,000	5,088,183,000			5,092,874,000	5,092,874,000	5,032,916,000	5,032,916,000	5,018,571,000	5,018,571,000	5,049,533,000		4,268,709,000	4,268,709,000	5,800,627,000	5,800,627,000	5,957,420,000	5,957,420,000	6,125,215,000		6,520,748,000	6,520,748,000	6,591,532,000	6,591,532,000	3,890,516,000	3,890,516,000			4,087,448,000	4,087,448,000	4,083,661,000	4,083,661,000	2,783,438,000	2,783,438,000	2,174,086,000		2,280,354,000	2,280,354,000	2,414,096,000	2,414,096,000	2,446,643,000		1,855,178,000	1,863,078,000	1,904,439,000		1,719,889,000	1,681,509,000	1,647,293,000
shareholders’ equity
accumulated other comprehensive gain																																					-55,535,000		38,605,000	38,605,000			94,323,000	94,323,000	77,904,000		126,776,000	126,776,000	89,630,000	89,630,000	54,734,000	54,734,000			92,781,000	92,781,000					-2,673,000		16,032,000	16,032,000	60,263,000	60,263,000	105,374,000	105,374,000
current assets
non-current assets
interest payable																																						37,353								58,525								53,965								56,809								5,759								7,829								7,390
non-current liabilities
current portion of long-term bank borrowings																																							44,500,000	44,500,000	44,500,000	37,000,000	32,500,000	32,500,000	32,500,000		29,000,000	29,000,000	73,331,000	73,331,000	75,284,000	75,284,000	75,284,000		104,974,000	104,974,000	60,643,000	60,643,000	70,289,000	70,289,000	70,289,000		52,289,000	52,289,000	62,254,000	62,254,000	42,361,000	42,361,000	39,303,000		39,530,000	39,530,000	39,020,000	39,020,000	39,511,000	39,511,000	38,803,000		21,593,000	21,593,000	921,951,000	921,951,000	955,174,000	955,174,000	955,647,000		965,650,000	965,650,000	64,779,000	64,779,000	194,579,000		189,000,000	188,000,000	184,000,000
accounts receivable																																										813,023,000																																											739,040,000		748,382,000	748,382,000	844,588,000	844,588,000	724,006,000		550,148,000	442,222,000	387,700,000		295,247,000	244,934,000	226,319,000		139,586,000	114,566,000	104,776,000	76,373,000	40,262,000
advance from customers																																										1,187,661,000
income tax payable																																										10,033,000																																																							29,663,000	32,007,000	12,749,000		2,580,000	1,357,000	3,206,000
amounts due to inter-companies																																										3,119,745,000
long-term bank borrowings																																										221,758,000													125,000,000	125,000,000	169,331,000	169,331,000	187,638,000	187,638,000	187,638,000		273,509,000	273,509,000	263,647,000	263,647,000	272,227,000	272,227,000	268,221,000		240,377,000	240,377,000	197,321,000	197,321,000	151,269,000	151,269,000	103,421,000		100,767,000	100,767,000	102,905,000	102,905,000	101,281,000	101,281,000	61,673,000		24,922,000	24,922,000	924,166,000	924,166,000	967,766,000		976,740,000	75,022,000	63,000,000
current portion of capital lease obligations																																													227,115,000		180,033,000	180,033,000	179,253,000	179,253,000	182,807,000	182,807,000	219,695,000		206,559,000	206,559,000	217,271,000	217,271,000	194,449,000	194,449,000	201,315,000		220,179,000	220,179,000	296,395,000	296,395,000	259,469,000	259,469,000	243,723,000		234,711,000	234,711,000	208,438,000	208,438,000	158,832,000	158,832,000	140,488,000		92,619,000	92,619,000	73,915,000	73,915,000	79,771,000	79,771,000	71,939,000		26,184,000	26,184,000	18,076,000	18,076,000	14,468,000		36,994,000	36,414,000	36,280,000		27,698,000	25,140,000	25,733,000		16,958,000	17,399,000	16,604,000
bonds payable-current																																													911,147,000
operating lease liabilities - current																																													451,372,000		187,854,000	187,854,000	102,908,000	102,908,000	105,127,000	105,127,000
non-current portion of capital lease obligations																																													896,927,000		715,248,000	715,248,000	691,110,000	691,110,000	731,626,000	731,626,000			843,374,000	843,374,000	673,336,000	673,336,000	611,232,000	611,232,000	600,882,000		548,294,000	548,294,000	537,743,000	537,743,000	541,828,000	541,828,000	536,623,000		546,995,000	546,995,000	574,247,000	574,247,000	557,413,000	557,413,000	579,070,000		501,668,000	501,668,000	503,143,000	503,143,000	505,522,000	505,522,000	511,679,000		389,099,000	389,099,000	355,578,000	355,578,000	343,179,000		310,062,000	351,893,000	347,754,000		65,605,000	66,992,000	70,257,000		45,601,000	49,255,000	53,766,000
operating lease liabilities - non current																																													798,049,000		559,704,000	559,704,000	697,233,000	697,233,000	718,146,000	718,146,000
amount due from a related party																																																														26,137								97,748								25,974								24,476
investments in subsidiaries and consolidated vies																																																						1,364,685
accounts payable																																																						2,725																															369,844,000		367,888,000	367,888,000	306,456,000	306,456,000	241,576,000		195,424,000	161,531,000	159,389,000		141,806,000	86,768,000	77,810,000		58,710,000	62,730,000	57,617,000
amount due to a related party																																																																																																							161,773,000
inventories																																																									174,000	174,000			710,000		111,000	111,000	4,308,000	4,308,000	4,585,000	4,585,000	4,431,000		6,048,000	6,048,000	8,262,000	8,262,000	11,626,000	11,626,000	13,539,000		8,806,000	8,806,000	12,103,000	12,103,000	10,690,000	10,690,000	10,059,000		8,377,000	8,377,000	7,952,000	7,952,000
long term investments																																																													510,926,000		411,351,000	411,351,000	341,308,000	341,308,000	301,296,000	301,296,000	298,871,000		264,910,000	264,910,000	268,482,000	268,482,000	200,108,000	200,108,000	198,907,000		158,417,000	158,417,000	157,970,000	157,970,000	157,847,000	157,847,000	126,307,000		126,230,000	126,230,000	120,581,000	120,581,000
redeemable noncontrolling interests																																																																	700,000,000	700,000,000	700,000,000	700,000,000	700,000,000		715,484,000	715,484,000	787,364,000	787,364,000	787,322,000	787,322,000			779,537,000	779,537,000	775,791,000	775,791,000	773,637,000	773,637,000	773,706,000		748,011,000	748,011,000	746,907,000	746,907,000
total liabilities, redeemable noncontrolling interests and shareholders’ equity																																																													9,908,161,000		11,646,528,000	11,646,528,000	11,813,058,000	11,813,058,000	12,287,635,000	12,287,635,000	12,421,524,000		12,957,002,000	12,957,002,000	12,997,367,000	12,997,367,000	10,437,906,000	10,437,906,000
amount due from subsidiaries																																																														4,285,743								3,208,620								3,153,413								2,078,468
amount due to subsidiaries																																																														17,613								9,732								3,728
derivative liabilities																																																															676,629,000	676,629,000
mandatorily redeemable noncontrolling interests																																																																															100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000		100,000,000	100,000,000	100,000,000	100,000,000	100,000,000
cash																																																																						596,871								798,200								3,891
land use right																																																																									76,584,000	76,584,000	64,330,000	64,330,000	64,682,000		65,056,000	65,056,000	65,430,000	65,430,000	65,803,000	65,803,000
accumulated other comprehensive income loss																																																																															-50,836,000	-50,836,000	-64,981,000	-64,981,000	-63,069,000	-63,069,000	-65,754,000		-69,934,000	-69,934,000	-70,574,000	-70,574,000				-72,872,000			-47,584,000	-50,258,000	-55,626,000
non-controlling interest																																																																															18,910,000	18,910,000	18,400,000	18,400,000	18,846,000	18,846,000	24,033,000		17,677,000	17,677,000	17,030,000	17,030,000	16,597,000		15,861,000	18,990,000	18,656,000		18,105,000	17,742,000	17,528,000		139,280,000	133,139,000	126,339,000
receivable for issuance of ordinary shares																																																																																			-1,181,824,000	-1,181,824,000
notes receivable																																																																																					905,000		1,049,000	1,049,000							1,521,000
notes payable																																																																																					16,230,000		20,754,000	20,754,000	6,038,000	6,038,000											4,578,000	2,541,000	3,784,000
other assets																																																																																									190,248,000	190,248,000	168,849,000		12,957,000	11,357,000	11,357,000
deferred government grant																																																																																									36,547,000	36,547,000			16,763,000	17,805,000			19,717,000	19,500,000	16,086,000		6,036,000	6,310,000	5,355,000
consolidated balance sheet data:
investment																																																																																													56,342,000	56,847,000			58,729,000	8,200,000	8,200,000		8,200,000
other non-current liability																																																																																													100,000,000
short term investments																																																																																																	267,434,000	353,333,000	644,540,000
liabilities and shareholders’ (deficit) equity
short term bank borrowings																																																																																																	247,686,000	135,100,000	145,000,000		85,000,000	65,000,000	55,000,000
long term bank borrowings																																																																																																	66,000,000	90,717,000
mezzanine equity
total liabilities, mezzanine equity and shareholders’ equity																																																																																																	2,968,248,000	2,682,875,000	2,567,069,000
total shareholders’ (deficit) equity																																																																																																				1,669,724,000	1,845,467,000	1,792,797,000			-970,916,000
•
shareholders’ (deficit) equity
total 21vianet group, inc. shareholders’ (deficit) equity																																																																																																					1,706,187,000	1,659,658,000
total liabilities, mezzanine equity and shareholders’ (deficit) equity																																																																																																					2,429,322,000	2,384,307,000
net revenues
hosting and related services																																																																																																					145,663,000	128,888,000
managed network services																																																																																																					84,748,000	81,708,000
total net revenues																																																																																																					230,411,000	210,596,000
cost of revenues																																																																																																					-168,557,000	-155,521,000
gross profit																																																																																																					61,854,000	55,075,000
operating expenses
sales and marketing																																																																																																					-18,537,000	-15,996,000
general and administrative																																																																																																					-17,886,000	-15,979,000
research and development																																																																																																					-8,086,000	-7,155,000
changes in the fair value of contingent purchase consideration payable																																																																																																					-48,069,000	-50,032,000
total operating expenses																																																																																																					-92,578,000	-89,162,000
operating profit																																																																																																					-30,724,000	-34,087,000
interest income																																																																																																					3,368,000	172,000
interest expense																																																																																																					-1,469,000	-983,000
other income																																																																																																					244,000	702,000
foreign exchange gain																																																																																																					1,118,000	700,000
profit from continuing operations before income taxes																																																																																																					-27,564,000	-33,606,000
income tax benefit																																																																																																					4,812,000	3,069,000
net profit from continuing operations																																																																																																					-22,752,000
income from discontinued operations
net income attributable to non-controlling interest																																																																																																					-6,800,000	-5,968,000
net profit attributable to the company’s ordinary shareholders																																																																																																					-29,552,000
earnings per share
basic																																																																																																					-110	-380
diluted																																																																																																					-110	-380
shares used in earnings per share computation
basic*																																																																																																					278,713,982,000
diluted*																																																																																																					278,713,982,000
earnings per ads
eps - basic																																																																																																					-660
eps - diluted																																																																																																					-660
net income from continuing operations																																																																																																						-30,537,000
net income																																																																																																						-30,537,000
net income attributable to the company’s ordinary shareholders																																																																																																						-36,505,000
loss per share:
shares used in loss per share computation:
liabilities and shareholders’ deficit
series a contingently redeemable convertible preferred shares																																																																																																							355,680,000
series b contingently redeemable convertible preferred shares																																																																																																							635,430,000
series c contingently redeemable convertible preferred shares																																																																																																							230,220,000
shareholders’ deficit
total 21vianet group, inc. shareholders’ deficit																																																																																																							-859,715,000
total shareholders’ deficit																																																																																																							-733,376,000
total liabilities, mezzanine equity and shareholders’ deficit																																																																																																							989,964,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-11-20	2025-09-30	2025-08-21	2025-06-30	2025-05-28	2025-03-31	2025-03-12	2024-11-20	2024-08-27	2024-06-30	2024-05-29	2024-03-31	2024-03-27	2023-11-15	2023-09-30	2023-08-23	2023-06-30	2023-05-24	2023-03-31	2023-03-21	2022-11-22	2022-09-30	2022-08-30	2022-06-30	2022-05-24	2022-03-31	2022-03-30	2021-11-18	2021-09-30	2021-08-24	2021-06-30	2021-05-25	2021-03-31	2020-11-30	2020-09-30	2020-08-31	2020-05-31	2020-03-31	2020-03-06	2019-11-19	2019-09-30	2019-08-20	2019-06-30	2019-05-17	2019-03-31	2019-03-06	2018-12-31	2018-08-20	2018-06-30	2018-05-18	2018-03-20	2017-12-06	2017-09-30	2017-08-23	2017-06-30	2017-05-26	2017-03-09	2016-11-30	2016-09-30	2016-08-17	2016-06-30	2016-05-27	2016-03-31	2016-03-11	2015-11-27	2015-09-30	2015-08-28	2015-06-30	2015-05-27	2015-03-31	2015-03-10	2014-11-28	2014-09-30

gross profit	547,735,000		565,341,000		565,341,000		491,683,000	424,895,000	410,721,000		410,721,000		306,478,000	342,749,000		352,380,000		352,380,000		316,583,000	357,777,000		355,521,000		355,521,000		375,235,000	359,515,000		323,312,000		323,312,000	275,143,000	272,332,000			234,111,000		222,555,000	228,248,000		240,775,000		240,775,000				227,902,000		227,902,000						180,477,000	186,882,000	172,903,000		168,980,000		168,980,000		200,267,000	203,977,000		230,345,000		230,345,000		230,859,000	180,625,000
plus: depreciation and amortization	513,891,000		402,399,000		402,399,000		368,764,000	364,616,000	352,604,000		352,604,000									388,217,000	362,003,000		327,393,000		327,393,000		297,046,000	277,288,000		277,851,000		277,851,000	246,747,000	194,651,000			182,556,000		173,712,000	175,102,000		165,421,000		165,421,000				119,562,000		119,562,000	111,510,000	109,868,000
plus: share-based compensation expenses	196,000		109,000		109,000		234,000	-2,190,000	2,190,000		2,190,000		9,475,000	8,006,000		8,336,000		8,336,000		2,876,000	-6,066,000		1,860,000		1,860,000		2,211,000	3,444,000		4,126,000		4,126,000	4,340,000	569,000			460,000		464,000	459,000		474,000		474,000				14,000		14,000
adjusted cash gross profit	1,061,822,000		967,849,000		967,849,000		860,681,000	787,321,000	765,515,000		765,515,000		738,411,000	742,922,000		754,257,000		754,257,000		707,676,000	713,714,000		684,774,000		684,774,000		674,492,000	640,247,000		605,289,000		605,289,000	526,230,000	467,552,000			417,127,000		396,731,000	403,809,000		406,670,000		406,670,000				347,478,000		347,478,000
adjusted cash gross margin	43,600		43,100		43,100		40,600	39,500	40,300		40,300		39,100	40,800		41,800		41,800		39,000	41,400		41,600		41,600		43,200	42,800		43,600		43,600	42,200	40,900			38,200		40,400	45,500		46,600		46,600				43,400		43,400
operating expenses	-374,717,000				-316,810,000		-300,273,000	-230,273,000	-364,305,000		-364,305,000		-274,291,000	-249,483,000		-237,145,000		-237,145,000		-310,172,000	-321,719,000				-259,463,000		-261,333,000	-262,471,000		-243,180,000		-243,180,000					-197,417,000		-157,079,000	-168,214,000		-187,478,000		-187,478,000				-171,463,000		-171,463,000						-252,620,000	-306,998,000	-300,493,000		-254,454,000		-254,454,000		-263,867,000	-293,618,000		-274,585,000		-274,585,000		-142,870,000	-156,707,000
adjusted operating expenses	-365,554,000				-310,481,000		-293,564,000	-243,235,000	-252,624,000		-252,624,000		-264,816,000	-241,477,000		-228,809,000		-228,809,000		-275,132,000	-250,715,000				-200,818,000		-243,977,000	-235,592,000		-212,451,000		-212,451,000					-177,789,000		-146,246,000	-161,282,000		-171,313,000		-171,313,000				-167,192,000		-167,192,000						-250,942,000	-287,075,000	-313,444,000		-219,505,000		-219,505,000		-230,863,000	-209,479,000		-209,395,000		-209,395,000		-198,417,000	-132,867,000
operating profit	173,018,000		248,531,000		248,531,000		191,410,000	194,622,000	46,416,000		46,416,000		32,187,000	93,266,000		115,235,000		115,235,000		6,411,000	36,058,000		96,058,000		96,058,000		113,902,000	97,044,000		80,132,000		80,132,000	75,870,000	78,859,000			36,694,000		65,476,000	60,034,000		53,297,000		53,297,000				56,439,000		56,439,000	47,927,000	48,637,000
adjusted ebitda	732,464,000		682,409,000		682,409,000		594,781,000	573,804,000	539,838,000		539,838,000		507,947,000	535,007,000		556,200,000		556,200,000		455,315,000	486,872,000		506,172,000		506,172,000		450,420,000	425,105,000		415,092,000		415,092,000	368,456,000	306,414,000			259,389,000		272,502,000	260,727,000		253,468,000		253,468,000				196,014,000		196,014,000	175,765,000	171,308,000				100,266,000	67,916,000	15,473,000		108,562,000		108,562,000		122,014,000	149,351,000		166,916,000		166,916,000		153,923,000	131,965,000
adjusted ebitda margin	30,100		30,400		30,400		28,000	28,800	28,400		28,400		26,900	29,400		30,800		30,800		25,100	28,200		30,800		30,800		28,900	28,400		29,900		29,900	29,600	26,800			23,800		27,800	29,400		29,100		29,100				24,500		24,500						11,600	7,000	1,700		12,600		12,600		13,200	17,200		19,400		19,400		19,800	20,100
cash flows from operating activities
net cash generated from operating activities	366,596,000	366,596,000		195,713,000	195,713,000	195,713,000	760,366,000	405,204,000	267,587,000	267,587,000	267,587,000	267,587,000	454,313,000	423,476,000	423,476,000	455,011,000	455,011,000	455,011,000	455,011,000	607,417,000	942,711,000	942,711,000		482,599,000	482,599,000	482,599,000	134,672,000	314,806,000	314,806,000	274,453,000	274,453,000	274,453,000	209,971,000	161,787,000	161,787,000	220,441,000	58,654,000	58,654,000	102,985,000	127,110,000	127,110,000	32,437,000	32,437,000	32,437,000	32,437,000	260,715,000		95,853,000	95,853,000	95,853,000	106,343,000	208,639,000	208,639,000	0	68,944,000	3,233,000		-18,105,000				-2,867,000		160,904,000		102,125,000	-121,361,000		18,037,000	111,810,000	111,778,000	45,601,000	279,903,000
cash flows from investing activities
purchases of property and equipment	-1,870,296,000	-1,870,296,000		-1,792,051,000	-1,792,051,000	-1,792,051,000	-1,426,892,000	-998,489,000	-1,005,368,000	-1,005,368,000	-1,005,368,000	-1,005,368,000	-946,444,000	-394,812,000	-394,812,000	-608,717,000	-608,717,000	-608,717,000	-608,717,000	-563,546,000	-527,867,000	-527,867,000		-1,005,736,000	-1,005,736,000	-1,005,736,000	-650,599,000	-430,071,000	-430,071,000	-675,486,000	-675,486,000	-675,486,000				-914,265,000	-436,034,000	-436,034,000	-448,614,000	-208,520,000	-208,520,000	-133,470,000	-133,470,000	-133,470,000	-133,470,000	-123,027,000		-91,027,000	-91,027,000	-91,027,000	-80,336,000	-86,831,000	-77,872,000	0	-144,092,000	-14,446,000	-126,341,000	-140,291,000	-140,291,000	-156,703,000	-156,703,000	-21,860,000	-140,963,000	-297,136,000	-215,292,000	-220,645,000	-232,069,000	-232,069,000	-49,306,000	-305,648,000	-191,087,000	-43,287,000	-265,695,000
purchases of intangible assets	-24,388,000	-24,388,000		-33,952,000	-33,952,000	-33,952,000	-33,806,000	-7,594,000	-5,965,000	-5,965,000	-5,965,000	-5,965,000	-18,228,000	-10,178,000	-10,178,000	-2,312,000	-2,312,000	-2,312,000	-2,312,000	-16,976,000	-12,690,000	-12,690,000		-10,497,000	-10,497,000	-10,497,000	-8,466,000	-17,672,000	-17,672,000	-7,522,000	-7,522,000	-7,522,000				-16,236,000	-529,000	-529,000	-8,278,000	-6,990,000	-6,990,000	-4,328,000	-4,328,000	-4,328,000	-4,328,000	-4,032,000		-1,887,000	-1,887,000	-1,887,000	-4,062,000	-43,000	-43,000	0	-5,466,000	-1,364,000	-9,910,000	-5,742,000	-5,742,000	-15,410,000	-15,410,000	-774,000	-4,988,000	-2,567,000	-16,353,000	-16,353,000	-12,258,000	-12,258,000	-2,635,000	-16,335,000	-18,181,000	-883,000	-5,421,000
proceeds from (payments for) investments	-1,216,168,000	-1,216,168,000			-21,440,000	-21,440,000		-138,224,000																-14,487,000	-14,487,000	-14,487,000						61,432,000
proceeds from (payments for) other investing activities	-171,213,000	-171,213,000		-37,327,000	-37,327,000	-37,327,000										-90,489,000	-90,489,000			2,670,000					-2,038,000	-2,038,000				761,000	761,000			9,484,000	9,484,000		-18,351,000	-18,351,000
net cash from investing activities	-3,282,065,000	-3,282,065,000		-1,884,770,000	-1,884,770,000	-1,884,770,000	-1,336,510,000	-1,027,098,000	-650,940,000	-650,940,000	-650,940,000	-650,940,000	-750,146,000	-1,051,510,000	-1,051,510,000	-701,518,000	-701,518,000	-701,518,000	-701,518,000	-614,482,000	-578,629,000	-578,629,000		-1,032,758,000	-1,032,758,000	-1,032,758,000	-1,492,614,000	-522,340,000	-522,340,000	-620,815,000	-620,815,000	-620,815,000				-662,689,000	-247,224,000	-247,224,000	-614,741,000	-331,083,000	-331,083,000			-115,453,000	-115,453,000	-305,317,000				-80,733,000	-363,508,000		-535,415,000			-48,071,000	-367,049,000	-164,982,000	-159,788,000	-246,427,000	-246,427,000		-51,652,000				-973,224,000		-28,592,000	-177,246,000	-177,215,000	-141,270,000	-867,115,000
cash flows from financing activities
proceeds from bank borrowings	1,004,537,000	1,004,537,000		1,893,386,000	1,893,386,000	1,893,386,000	745,534,000	690,848,000	1,156,279,000	1,156,279,000			756,101,000	169,204,000	169,204,000	279,916,000	279,916,000	279,916,000	279,916,000	273,169,000	18,860,000	18,860,000		650,952,000	650,952,000	650,952,000	385,364,000	33,623,000	33,623,000	718,636,000	718,636,000	718,636,000	24,776,000	203,978,000	203,978,000													69,999,000	69,999,000	69,999,000
repayments of bank borrowings	-381,728,000	-381,728,000		-369,366,000	-369,366,000	-369,366,000	-129,893,000	-533,324,000	-51,441,000	-51,441,000			-78,050,000	-55,865,000	-55,865,000	-73,070,000	-73,070,000											-30,300,000	-30,300,000	-34,000,000	-34,000,000	-34,000,000																-50,000,000	-50,000,000	-50,000,000
payments for finance leases	-44,471,000	-44,471,000		-37,950,000	-37,950,000	-37,950,000	-27,669,000	-9,586,000	-39,602,000	-39,602,000
contribution from noncontrolling interest in a subsidiary	-4,555,000	-4,555,000		635,000,000	635,000,000	635,000,000																																								196,281,000
(payments for) proceeds from other financing activities	8,875,000	8,875,000												285,013,000	285,013,000	395,096,000	395,096,000								137,968,000	137,968,000	8,204,000	52,418,000	52,418,000					107,796,000	107,796,000		61,008,000	61,008,000	88,000							89,810,000
net cash generated from financing activities	582,658,000	582,658,000		5,366,622,000			528,327,000	664,431,000			-2,605,658,000		715,554,000	-49,153,000				517,060,000	517,060,000		-161,679,000				2,213,904,000			-1,887,775,000		4,341,859,000		4,341,859,000				2,882,860,000				857,481,000							84,378,145											-1,716,210,000				-59,835,000			-948,474,000
effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	-14,764,000	-14,764,000		9,020,000	9,020,000	9,020,000	-6,049,000	3,370,000	-20,050,000	-20,050,000	-20,050,000	-20,050,000	-12,476,000	51,314,000	51,314,000	-17,205,000	-17,205,000	-17,205,000	-17,205,000	74,119,000	48,962,000	48,962,000		-7,328,000	-7,328,000	-7,328,000	11,540,000	-60,905,000	-60,905,000	65,770,000	65,770,000	65,770,000		10,778,000	10,778,000		13,800,000	13,800,000	68,718,000	56,386,000	56,386,000	-34,488,000	-34,488,000	-34,488,000	-34,488,000	63,580,000		-73,414,000	-73,414,000	-73,414,000
net increase in cash, cash equivalents and restricted cash	-2,347,575,000	-2,347,575,000		3,686,585,000	3,686,585,000	3,686,585,000	-53,866,000	45,907,000	-3,009,061,000	-3,009,061,000	-3,009,061,000	-3,009,061,000	407,245,000	-625,873,000	-625,873,000	253,348,000	253,348,000	253,348,000	253,348,000	139,818,000	251,365,000	251,365,000		1,656,417,000	1,656,417,000	1,656,417,000		-2,156,214,000	-2,156,214,000	4,061,267,000	4,061,267,000	4,061,267,000	631,944,000	1,563,610,000	1,563,610,000		901,580,000	901,580,000		709,894,000	709,894,000	-285,515,000	-285,515,000			296,783,000		-87,232,000	-87,232,000
cash, cash equivalents and restricted cash at beginning of period	5,767,658,000	5,767,658,000		2,081,073,000	2,081,073,000	2,081,073,000	2,135,833,000	2,089,926,000	5,098,987,000	5,098,987,000	5,098,987,000	5,098,987,000	2,616,969,000	3,242,842,000	3,242,842,000	2,989,494,000	2,989,494,000	2,989,494,000	2,989,494,000	3,616,255,000	3,364,890,000	3,364,890,000		1,708,473,000	1,708,473,000	1,708,473,000	5,021,490,000	7,177,704,000	7,177,704,000	3,116,437,000	3,116,437,000	3,116,437,000	4,822,367,000	3,258,757,000	3,258,757,000		2,357,177,000	2,357,177,000	3,085,400,000	2,375,506,000	2,375,506,000	2,661,021,000	2,661,021,000	2,661,021,000	2,661,021,000	2,439,152,000		2,195,469,000	2,195,469,000	2,195,469,000
cash, cash equivalents and restricted cash at end of period	3,420,083,000	3,420,083,000		5,767,658,000	5,767,658,000	5,767,658,000	2,081,967,000	2,135,833,000	2,089,926,000	2,089,926,000	2,089,926,000	2,089,926,000	3,024,214,000	2,616,969,000	2,616,969,000	3,242,842,000	3,242,842,000	3,242,842,000	3,242,842,000	3,756,073,000	3,616,255,000	3,616,255,000		3,364,890,000	3,364,890,000	3,364,890,000	3,931,488,000	5,021,490,000	5,021,490,000	7,177,704,000	7,177,704,000	7,177,704,000	5,454,311,000	4,822,367,000	4,822,367,000		3,258,757,000	3,258,757,000	2,588,109,000	3,085,400,000	3,085,400,000	2,375,506,000	2,375,506,000	2,375,506,000	2,375,506,000	2,735,935,000		2,108,237,000	2,108,237,000	2,108,237,000
payments for investments				-21,440,000																-36,631,000	-38,280,000	-38,280,000					-391,522,000												-320,660,000	-127,148,000	-127,148,000	-62,022,000	-62,022,000	-62,022,000	-62,022,000	-196,319,000		-14,473,000	-14,473,000	-14,473,000
proceeds from issuance of 2030 convertible notes				3,015,117,000	3,084,519,000	3,084,519,000
proceeds from other financing activities				230,435,000					591,446,000	591,446,000	591,446,000	591,446,000	216,711,000					395,096,000	395,096,000
repurchase of 2026 convertible notes									-4,262,340,000	-4,262,340,000	-4,262,340,000	-4,262,340,000
proceeds from (payments for) other financing activities					161,033,000	161,033,000	-59,645,000	516,493,000													-62,119,000	-62,119,000		137,968,000						-29,387,000	-29,387,000	-29,387,000								-3,542,000	-3,542,000
net cash (used in) generated from financing activities					5,366,622,000	5,366,622,000			-2,605,658,000	-2,605,658,000						517,060,000	517,060,000			72,765,000				2,213,904,000			256,400,000						1,445,329,000	1,806,511,000	1,806,511,000		1,076,349,000	1,076,349,000				-168,011,000	-168,011,000			277,805,000						1,140,652,000			-483,044,000					2,504,855,000			-385,807,000	105,071,000		-948,474,000
plus: allowance of loan receivables
plus: impairment of long-lived assets																																																			401,808,000
plus: impairment of goodwill
plus: allowance of loan receivable
net income							332,150,000	71,849,000	-159,026,000	-159,026,000	-159,026,000	-159,026,000			-237,571,000	103,573,000	103,573,000	103,573,000	103,573,000																						-99,275,000														-119,257,000				-171,548,000		-123,849,000		-151,318,000			-57,885,000		-141,831,000		-88,669,000
adjustments to reconcile net income to net cash generated from operating activities:
depreciation and amortization							393,719,000	388,711,000	377,086,000	377,086,000	377,086,000	377,086,000	461,603,000	433,015,000	433,015,000	431,654,000	431,654,000	431,654,000	431,654,000	410,988,000	385,876,000	385,876,000		349,609,000	349,609,000	349,609,000	316,951,000	297,738,000	297,738,000	300,105,000	300,105,000	300,105,000	269,478,000	215,981,000	215,981,000	418,588,000	202,607,000	202,607,000	195,729,000	193,302,000	193,302,000	183,532,000	183,532,000	183,532,000	183,532,000	166,244,000		135,290,000	135,290,000	135,290,000
share-based compensation expenses							6,943,000	-15,152,000	113,871,000	113,871,000	113,871,000	113,871,000	9,475,000	8,006,000	8,006,000	8,336,000	8,336,000	8,336,000	8,336,000	35,231,000	47,485,000	47,485,000
others							-107,550,000	101,890,000	137,297,000	137,297,000	137,297,000	137,297,000	130,633,000	357,787,000	357,787,000	62,631,000	62,631,000	62,631,000	62,631,000	436,876,000	447,480,000	447,480,000		39,992,000	39,992,000	39,992,000	-41,287,000	-344,711,000	-344,711,000	186,399,000	186,399,000	186,399,000		1,776,114,000	1,776,114,000		42,108,000	42,108,000	33,913,000	69,061,000	69,061,000	-31,628,000	-31,628,000	-31,628,000	-31,628,000	41,616,000		-47,256,000	-47,256,000	-47,256,000
changes in operating assets and liabilities
accounts and notes receivable							-138,968,000	142,469,000	-226,973,000	-226,973,000	-226,973,000	-226,973,000	-70,896,000	8,388,000	8,388,000	-254,293,000	-254,293,000	-254,293,000	-254,293,000	64,291,000	-137,720,000	-137,720,000		-197,962,000	-197,962,000	-197,962,000	-245,169,000	-198,696,000	-198,696,000	-203,432,000	-203,432,000	-203,432,000	74,342,000			-281,298,000	-202,262,000	-202,262,000	-133,929,000	-119,144,000	-119,144,000	-29,603,000	-29,603,000	-29,603,000	-29,603,000	-34,113,000		-49,722,000	-49,722,000	-49,722,000	32,070,000	36,562,000	36,562,000	0	30,509,000	-11,748,000	51,084,000	-32,229,000	-32,229,000	8,634,000	8,634,000	-10,620,000	-68,477,000	67,850,000	-43,713,000	-43,713,000	213,000	213,000	-1,494,000	-9,264,000
prepaid expenses and other current assets							116,055,000	-79,893,000	-44,104,000	-44,104,000	-44,104,000	-44,104,000	-48,380,000	70,627,000	70,627,000	-378,933,000	-378,933,000	-378,933,000	-378,933,000	84,574,000	526,090,000	526,090,000		-115,458,000	-115,458,000	-115,458,000	-148,754,000	324,091,000	324,091,000	-195,171,000	-195,171,000	-195,171,000	438,214,000			-134,942,000	-8,239,000	-8,239,000	-84,332,000	-50,381,000	-50,381,000	-197,574,000	-197,574,000	-197,574,000	-197,574,000	-37,448,000		-92,181,000	-92,181,000	-92,181,000	-23,457,000	-119,384,000	-119,384,000	0	-82,143,000	-12,411,000	-9,855,000	32,589,000	32,589,000	-65,502,000	-65,502,000	-16,384,000	-105,642,000	2,371,000	-40,330,000	-40,330,000	-125,384,000	-125,384,000	-13,989,000	-76,713,000
accounts and notes payable							8,463,000	-47,018,000	77,668,000	77,668,000	77,668,000	77,668,000	21,763,000	33,434,000	33,434,000	-3,377,000	-3,377,000	-3,377,000	-3,377,000	-47,279,000	76,070,000	76,070,000		125,459,000	125,459,000	125,459,000	51,462,000	34,035,000	34,035,000	108,832,000	108,832,000	108,832,000					71,295,000	71,295,000	-60,121,000	14,644,000	14,644,000	-11,580,000	-11,580,000	-11,580,000	-11,580,000	37,690,000		40,243,000	40,243,000	40,243,000	-38,841,000	26,379,000	26,379,000	0	-5,560,000	8,788,000	-20,145,000	-22,603,000	-22,603,000	25,512,000	25,512,000	9,954,000	64,183,000	35,394,000	36,276,000	36,276,000	-16,598,000	-16,598,000	6,691,000	41,476,000
accrued expenses and other payables							65,481,000	-61,463,000	56,105,000	56,105,000	56,105,000	56,105,000	-54,577,000	-5,950,000	-5,950,000	192,063,000	192,063,000	192,063,000	192,063,000	158,009,000	21,363,000	21,363,000		101,002,000	101,002,000	101,002,000	113,093,000	-1,761,000	-1,761,000	123,047,000	123,047,000	123,047,000	8,016,000	41,951,000	41,951,000	139,214,000	97,263,000	97,263,000	105,076,000	9,996,000	9,996,000	-9,582,000	-9,582,000	-9,582,000	-9,582,000	-19,359,000		-25,300,000	-25,300,000	-25,300,000	98,005,000	120,015,000	120,015,000	0	61,956,000	-606,000	25,348,000	6,412,000	6,362,000	54,268,000	54,268,000	-591,000	-3,812,000	28,842,000	42,118,000	42,118,000	-17,548,000	-17,548,000	5,832,000	36,153,000	-44,215,000	519,000	3,185,000
deferred revenue							2,300,000	-14,000,000	5,626,000	5,626,000	5,626,000	5,626,000	36,008,000	-35,743,000	-35,743,000	24,139,000	24,139,000	24,139,000	24,139,000	20,086,000	19,989,000	19,989,000		82,000	82,000	82,000	5,183,000	4,228,000	4,228,000	-4,162,000	-4,162,000	-4,162,000				-3,298,000	15,433,000	15,433,000	16,138,000	936,000	936,000	-13,812,000	-13,812,000	-13,812,000	-13,812,000	11,154,000		-20,505,000	-20,505,000	-20,505,000	8,674,000	-11,598,000	-11,598,000	0	-19,417,000	-6,258,000	-9,192,000	-20,967,000	-20,967,000	2,968,000	2,968,000	-139,000	-895,000	7,449,000	5,800,000	5,800,000	-14,716,000	-14,716,000	-1,513,000	-9,378,000	-7,305,000
advances from customers							222,083,000	-63,305,000	-11,090,000	-11,090,000	-11,090,000	-11,090,000	124,816,000	-114,977,000	-114,977,000	405,945,000	405,945,000	405,945,000	405,945,000	-33,711,000	70,884,000	70,884,000		125,243,000	125,243,000	125,243,000	8,314,000	-180,551,000	-180,551,000	119,045,000	119,045,000	119,045,000		29,340,000	29,340,000	118,969,000	89,629,000	89,629,000	103,772,000	125,227,000	125,227,000	97,028,000	97,028,000	97,028,000	97,028,000	114,528,000		73,995,000	73,995,000	73,995,000	-23,683,000	77,225,000	77,225,000	0	36,406,000	16,257,000	12,473,000	27,288,000	27,288,000	-32,640,000	-32,640,000	1,315,000	8,476,000	8,562,000	43,978,000	43,978,000	27,048,000	27,048,000	1,377,000	8,533,000	18,114,000	5,743,000	35,250,000
(payments for) proceeds from investments							92,426,000		359,239,000	359,239,000	359,239,000	359,239,000	144,516,000	-655,815,000	-655,815,000													139,711,000	139,711,000					68,989,000	68,989,000		207,690,000	207,690,000
(payments for) proceeds from other investing activities							31,762,000				1,154,000	1,154,000	70,010,000								208,000	208,000		-2,038,000			-442,027,000
proceeds from issuance of ordinary shares																																	2,680,706,000

netincome
foreign exchange loss																																				41,472,000															-4,328,000	5,628,000		0	10,372,000					-24,224,000		813,000			-60,248,000		5,269,000		-1,640,000		8,756,000	303,000	1,861,000
loss on disposal of property and equipment																																																																-222,000	167,000		30,000	30,000	21,000	131,000	-133,000	362,000	2,225,000
allowance for doubtful debt
share-based compensation expense																																				31,662,000															13,643,000	15,720,000	15,720,000	0	11,573,000	628,000	56,672,000	33,382,000	33,382,000	-8,718,000	-8,718,000	5,799,000	37,393,000	52,430,000	21,339,000	21,339,000	69,802,000	69,802,000	7,494,000	46,456,000
deferred income tax expenses
gain from equity method investments
distribution received from an equity method investment
gain from disposal of subsidiaries																																																					180,048,000
impairment of long-lived assets																																																				401,808,000	401,808,000				392,947,000
impairment of goodwill																																																				766,440,000	766,440,000
impairment of long-term investments
reduction in the carrying amount of right-of-use assets
changes in the fair value of financial instruments
gain on debt extinguishment of 2027 convertible notes
loss on debt extinguishment of 2026 convertible notes
changes in operating assets and liabilities, net of effects of acquisitions and disposals:
amounts due from related parties																																				-26,940,000															1,854,000	13,280,000	13,280,000	0	-9,616,000	-157,000	-6,359,000	-8,839,000	-8,839,000	-17,986,000	-17,986,000	2,516,000	16,226,000	-15,475,000	-1,452,000	-1,452,000	-667,000	-667,000	1,560,000	-333,000	-2,844,000	-10,000	-59,000
accounts and notes payables																																				34,274,000
amounts due to related parties																																				-751,000															-2,690,000	-13,419,000	-13,419,000	0	-6,139,000	1,147,000	4,031,000	834,000	834,000	-233,000	-233,000	-168,000	-1,080,000	-324,000	3,777,000	3,777,000	-950,000	-950,000	-211,000	-1,308,000	3,879,000	41,000	250,000
income taxes payable																																				-5,349,000															-6,836,000	7,087,000	7,087,000	0	-13,508,000	975,000	-14,864,000	13,594,000	13,594,000	-35,217,000	-35,217,000	1,307,000	8,427,000	-6,861,000	12,746,000	12,746,000	-2,397,000	-2,397,000	1,848,000	11,458,000	-9,897,000	1,486,000	9,119,000
unrecognized tax benefits																																																			-7,963,000	951,000	951,000	0	1,981,000	159,000
deferred government grants																																																			-5,179,000	-786,000	-786,000	0	2,282,000	-189,000	-1,344,000	-2,291,000	-2,291,000	-1,381,000	-1,381,000	-250,000	-1,611,000	-1,389,000	-1,553,000	-1,553,000	-610,000	-610,000	1,226,000	7,600,000	-3,133,000	26,000	158,000
operating lease liabilities
purchases of land use rights
proceeds from disposal of property and equipment																																				185,000																14,679,000	5,719,000											6,401,000	-4,952,000	401,000	137,000	137,000	19,000	116,000	6,980,000	752,000	4,614,000
proceeds from disposal of subsidiaries
payments for short-term investments																																				-36,432,000															-211,752,000	-337,137,000	-337,137,000	0	17,000	-30,074,000	-272,914,000	-34,000		-933,000	-933,000	-1,749,000	-11,280,000	-34,634,000	-88,145,000	-88,145,000	-819,274,000	-819,274,000	-118,262,000	-733,104,000		-1,911,000	-11,732,000
payment of loans to third parties
payment of loans to related parties																																				-48,449,000
receipt of loans to third parties																																				30,000,000
receipt of loans to a related party
proceeds received from maturity of short-term investments																																				246,644,000																		0	484,932,000		10,000,000					15,865,000	102,300,000	412,249,000	1,090,577,000	1,090,577,000	94,000,000	94,000,000	145,185,000	900,000,000	55,877,000	24,085,000	147,832,000
proceeds from disposal of long-term investments																																				923,000
payments for long-term investments																																																			-64,014,000	-61,898,000	-61,898,000	0	-36,264,000		-5,025,000			-49,000,000	-49,000,000								-3,266,000	-20,245,000		-3,710,000	-22,770,000
prepayments and deposits for acquisition of data center
proceeds from collection of the deposit associated with an acquisition
payments for acquisitions, net of cash acquired																																																																							118,000	-111,510,000	-684,445,000
payment of issuance costs of ordinary shares
proceeds from issuance of 2027 convertible notes, net of issuance cost
repurchase of 2025 convertible notes
proceeds from long-term bank borrowings																																				408,847,000	188,869,000	188,869,000														11,740,000	11,740,000	0	23,662,000	1,313,000	54,620,000	49,650,000	49,650,000	58,850,000	58,850,000	7,987,000	51,500,000	11,290,000			31,710,000	31,710,000	6,810,000	42,213,000	38,952,000
proceeds from short-term bank borrowings																																				34,000,000	34,000,000	34,000,000	200,000,000			30,000,000	30,000,000	30,000,000	30,000,000									0	20,000,000	7,264,000	37,000,000	1,570,676,000	1,570,676,000	53,000,000	53,000,000	10,081,000	65,000,000	81,000,000	40,000,000	40,000,000	109,000,000	109,000,000	11,292,000	70,000,000	61,000,000	6,886,000	42,265,000
proceeds from other long-term borrowings
repayments of long-term bank borrowings																																																			-67,871,000	-11,843,000	-11,843,000	0	-12,349,000	-287,000	-27,003,000	-6,084,000	-6,084,000	-13,289,000	-13,289,000	-457,000	-2,944,000	8,575,000	-902,496,000	-902,496,000	-63,310,000	-63,310,000	-498,000	-3,086,000	-12,204,000	-111,000	-681,000
repayments of short-term bank borrowings																																																			-1,520,000,000	-40,676,000	-40,676,000	0	-18,000,000	-13,802,000	-123,000,000	-30,000,000	-30,000,000	-65,000,000	-65,000,000	-15,509,000	-100,000,000	-75,000,000	-20,000,000	-20,000,000	-60,000,000	-60,000,000	-4,707,000	-29,181,000	-119,866,000	-20,191,000	-123,933,000
repayments and deposits for other long-term borrowings
payments for purchase of property and equipment through finance leases																																				-150,501,000
proceeds from loan from a related party
repayment of loans from third parties
contribution from noncontrolling interest in subsidiaries																																				3,139,000
payments for acquisition of noncontrolling interest
refund of prepayment for share repurchase plan
profit distribution to noncontrolling interest
effect of foreign exchange rate changes on cash and cash equivalents and restricted cash																																				24,578,000
net increase in cash and cash equivalents and restricted cash																																				2,465,190,000
cash and cash equivalents and restricted cash at beginning of year
cash and cash equivalents and restricted cash at end of year
reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheets
cash and cash equivalents
restricted cash-current
restricted cash-non-current
total cash and cash equivalents and restricted cash
proceeds from other investing activities								117,209,000	1,154,000	1,154,000				9,295,000	9,295,000																								162,811,000	11,575,000	11,575,000	84,367,000	84,367,000	84,367,000	84,367,000	18,061,000		26,654,000	26,654,000	26,654,000
repayments of 2025 convertible notes													-148,842,000	-380,333,000	-380,333,000
payments for other investing activities																		-90,489,000	-90,489,000									-214,308,000	-214,308,000
repayment of short-term bank borrowings																																				-30,000,000	-30,000,000	-30,000,000				-50,000,000	-50,000,000	-50,000,000	-50,000,000
repayment of long-term bank borrowings																																				-16,000,000			-44,331,000	-27,779,000	-27,779,000
payments for purchase of property and equityment through finance leases
payments for other financing activities																				-10,438,000																						-55,474,000	-55,474,000	-55,474,000	-55,474,000			-19,650,000	-19,650,000	-19,650,000
cash and cash equivalents and restricted cash at beginning of period																																				2,357,177,000
cash and cash equivalents and restricted cash at end of period																																				4,822,367,000
proceeds from borrowings											1,156,279,000	1,156,279,000
repayments of borrowings											-51,441,000	-51,441,000
payment for finance leases											-39,602,000	-39,602,000
net cash generated from (used in) financing activities												-2,605,658,000			-49,153,000							-161,679,000				2,213,904,000			-1,887,775,000		4,341,859,000										857,481,000																				2,504,855,000							1,261,640,000
plus: depreciation and amortization*													431,933,000	400,173,000		401,877,000		401,877,000
plus: compensation for postcombination employment in an acquisition																				2,685,000	17,453,000		17,260,000		17,260,000		14,959,000
vnet group, inc.
condensed consolidated statement of cash flows
net loss													-39,883,000	-237,571,000						-423,951,000												-80,979,000				-1,786,299,000			-66,299,000	-99,275,000												-1,479,119,000				-116,837,000	-171,548,000	-123,849,000		-151,318,000		-151,318,000		-57,885,000	-57,885,000		-88,669,000		-88,669,000
adjustments to reconcile net loss to net cash generated from operating activities:
payments for finance lease													-30,366,000	-67,172,000	-67,172,000	-84,882,000	-84,882,000	-84,882,000	-84,882,000	-116,896,000	-75,145,000	-75,145,000		-102,073,000	-102,073,000	-102,073,000	-129,699,000	-241,709,000	-241,709,000	-110,480,000	-110,480,000	-110,480,000					-77,336,000	-77,336,000
loss on disposal of property and equipment and intangible assets																																				2,567,000
impairment of loan receivable to potential investee
loss from equity method investments																																				6,591,000
lease expense
changes in the fair value of financial liabilities
collection of deposit for acquisition of data center
proceeds from exercise of stock options																																				2,336,000															187,000	171,000	171,000	0	13,000	81,000	662,000	401,000	401,000	1,491,000	1,491,000	303,000	1,956,000	1,545,000	1,309,000	1,309,000	2,687,000	2,687,000	291,000	1,802,000	384,000	72,000	443,000
proceeds from issuance of 2026 convertible notes, net of issuance cost
payments for share repurchase and cancellation
repayment of notes payable
●
repayment of bank borrowings																		-73,070,000	-73,070,000	-73,070,000	-43,275,000	-43,275,000		-65,570,000	-65,570,000	-65,570,000	-7,469,000
proceed from issuance of convertible promissory notes																								1,592,627,000	1,592,627,000	1,592,627,000				3,797,090,000	3,797,090,000
plus: impairment of loan receivable to potential investee																												2,816,000
repayment of 2021 notes
allowance for other receivables
deferred income tax (benefits) expenses
gain from disposal of equity investments without readily determinable fair value																																				-257,000
impairment of long-term investment																																																			-139,000	20,398,000	20,398,000
changes in the fair value of convertible promissory notes																																				1,612,054,000
proceeds from disposal of land use right																																				9,397,000
proceed from disposal of subsidiaries
payment of loan to third parties
prepayments and deposits for acquiring data center
collection of deposit for acquiring data center																																				3,000,000
cash receipt from related parties due to restructuring
payment for other investment activities
proceeds from issuance of series a perpetual convertible preferred shares																																				1,058,325,000
payment of issuance cost of series a perpetual convertible preferred shares
proceeds from issuance of 2025 convertible notes, net of issuance cost
repurchase and repayment of 2020 notes
repayment and deposits for other long-term borrowings
repayment of loan from third parties
net profit																					-373,507,000	-373,507,000		92,901,000	92,901,000	92,901,000	160,150,000	460,472,000	460,472,000	-80,979,000	-80,979,000											6,582,000	6,582,000	6,582,000	6,582,000	-27,894,000		34,731,000	34,731,000	34,731,000	797,569,000		-1,479,119,000												-141,831,000						37,899,000	-59,465,000	37,899,000
adjustments to reconcile net profit to net cash generated from operating activities:
stock-based compensation expenses																								43,245,000	43,245,000	43,245,000	4,608,000	27,507,000	27,507,000	34,855,000	34,855,000	34,855,000	23,108,000	11,574,000	11,574,000		20,088,000	20,088,000	11,297,000	7,391,000	7,391,000	16,639,000	16,639,000	16,639,000	16,639,000	12,929,000		6,569,000	6,569,000	6,569,000
payment for shares repurchase and cancellation
net decrease in cash, cash equivalents and restricted cash																											-1,090,002,000												-497,291,000					-285,515,000	-285,515,000					-87,232,000
net cash from operating activities
capital expenditures
free cash flows
net cash (used in) generated from investing activities																																																																	760,731,000			-973,224,000
cash and cash equivalents and restricted cash at beginning of the year
cash and cash equivalents and restricted cash at end of the year
repurchase of 2020 notes																																							-126,553,000	-1,021,539,000	-1,021,539,000
payment for shares repurchase																												-1,701,807,000	-1,701,807,000
proceeds from investments																														61,432,000	61,432,000
proceed from series a perpetual convertible preferred shares
payments for (proceeds from) other investing activities																																761,000
proceed from issurance of 2026 convertible senior notes																																3,797,090,000
proceed from issuance of convertible notes
plus: impairment of receivables from equity investees
net (loss) profit																																	99,771,000
proceeds(payments for) from other financing activities
net decrease in cash and cash equivalents and restricted cash
payment of issuance cost of 2021 notes																																							-183,000
proceeds from issuance of convertible promissory notes																																		509,577,000	509,577,000	1,409,385,000
proceeds from series a perpetual convertible preferred shares																																		1,058,325,000	1,058,325,000
allowance for doubtful accounts																																				1,183,000
deferred income tax (benefits) loss																																				4,081,000
amortization of right-of-use assets																																				202,598,000
loss on debt extinguishment																																																										29,841,000	29,841,000
unrecognized tax (benefits) loss																																				1,286,000
lease liabilities																																				-154,964,000
collection of consideration for disposal of subsidiaries																																				5,802,000
payments for deposit for acquiring data center																																				-14,043,000
cash receipt from a subsidiary acquired, net of cash paid																																				47,000
payment for an assets acquisition																																				-70,000,000
cash receipt from related party due to restructuring																																				140,738,000
amount due to related parties
proceeds from issuance of 2020/2021 notes
payment of issuance cost of 2020/2021 notes
payment of cost of convertible promissory notes																																				-18,762,000
rental payment and deposits for financing arrangements																																				-32,357,000
proceeds from financing arrangements																																				214,448,000
income from equity method investments
net gain																																					-137,522,000	-137,522,000
adjustments to reconcile net gain to net cash generated from operating activities:
proceeds from issuance of convertible notes																																					899,808,000	899,808,000
plus: changes in the fair value of contingent purchase consideration payables
payments for capital lease																																							-83,274,000	-66,316,000	-66,316,000	-92,537,000	-92,537,000	-92,537,000	-92,537,000	-50,996,000		-29,287,000	-29,287,000	-29,287,000
net cash from financing activities																																							-54,253,000					-168,011,000	-168,011,000			-28,938,000	-28,938,000	-28,938,000	724,958,000		1,140,652,000			-28,043,000	-197,366,000		-1,716,160,000								1,261,640,000		112,405,000	696,795,000	-540,209,000	-48,731,000	-299,115,000
proceeds from issuance of 2021 notes																																								2,012,084,000	2,012,084,000
payment of issurance cost of 2021 notes																																								-35,427,000	-35,427,000
net cash generated from investing activities																																										-115,453,000						-80,733,000				-535,414,000										-8,009,000		21,735,000		760,731,000
net cash generated from (used in) investing activities																																											-115,453,000						-80,733,000						424,728,000
proceeds from issuance of 2020 bonds																																																			619,180,000	1,316,974,000	1,316,974,000
collection of prepayment for shares repurchase plan																																														42,710,000
payment for shares repurchase plan
gaap disclosure
net revenues																																																800,765,000		800,765,000
cost of revenues																																																-572,863,000		-572,863,000
sales and marketing																																																-41,232,000		-41,232,000
research and development																																																-22,030,000		-22,030,000
general and administrative																																																-112,340,000		-112,340,000
(allowance) reversal for doubtful debt																																																1,855,000		1,855,000
changes in the fair value of contingent purchase consideration payable																																																2,284,000		2,284,000	3,834,000	1,002,000	1,002,000	0	-1,032,000	-417,000	-67,197,000	-12,285,000	-12,285,000	-15,306,000	-15,306,000	230,000	1,481,000	5,060,000	676,000	676,000	16,643,000	16,643,000	3,379,000	20,946,000	44,789,000	-10,573,000	-64,895,000
total operating expenses																																																-171,463,000		-171,463,000
other operating income
non-gaap disclosure
plus: changes in the fair value of contingent purchase consideration payable																																																-2,284,000		-2,284,000	1,002,000	-1,032,000				-2,867,000	-12,285,000	-15,306,000		1,481,000		1,481,000		676,000	16,643,000		20,946,000		20,946,000		-64,895,000	8,807,000
loss from disposal of subsidiaries																																																			-677,084,000	180,048,000
disposal of subsidiaries, net of cash																																																				-64,580,000
proceeds from minority equity interest transfer of a subsidiary
repayment of loan from a third party																																																				-100,000,000	-100,000,000
withdrawal of advance for shares repurchase plan
payments for assets acquisition, net of cash acquired
repayments of 2017 bonds																																																						0	-420,600,000			-1,596,335,000	-1,596,335,000
contribution from noncontrolling interest in a subsidary																																																			49,314,000	62,357,000	62,357,000	0	22,962,000
net proceeds from issuance of 2020 bonds
hosting and related services
plus: share-based compensation expense																																																			15,326,000	13,835,000				-222,000	1,173,000	-11,073,000		3,925,000		3,925,000		1,323,000	2,305,000		2,212,000		2,212,000		-117,000	1,890,000
managed network services
plus: goodwill impairment																																																			766,440,000
gain on disposal of property and equipment																																																			-743,000	-2,837,000	-2,837,000													167,000
loss from disposal of intangible assets																																																				295,000
depreciation of property and equipment																																																			120,228,000	132,240,000	132,240,000	0	137,577,000	18,830,000	129,243,000	122,484,000	122,484,000	118,195,000	118,195,000	16,895,000	108,940,000	105,355,000	104,340,000	104,340,000	98,462,000	98,462,000	15,144,000	93,878,000	93,240,000	12,974,000	79,637,000
amortization of intangible assets																																																			23,738,000	41,352,000	41,352,000	0	41,014,000	6,007,000	46,103,000	45,683,000	45,683,000	47,661,000	47,661,000	7,097,000	45,760,000	46,336,000	46,016,000	46,016,000	44,086,000	44,086,000	7,696,000	47,709,000	59,536,000	6,836,000	41,961,000
provision for doubtful accounts and other receivables																																																			-3,255,000	8,990,000				2,247,000	48,706,000	24,091,000		44,741,000		4,000		21,672,000	6,971,000		2,818,000		215,000		5,946,000	572,000
deferred income taxes expense																																																			-126,095,000	5,887,000	5,887,000			35,000						-139,000		9,521,000
gain from equity method investment																																																			-17,732,000	-26,546,000	-26,546,000	0	-7,080,000	-352,000	-12,591,000	-2,537,000	-2,852,000	-19,374,000	-19,374,000	-186,000	-1,201,000	-40,231,000	-706,000	-706,000	-123,000	-123,000	-1,822,000	-11,295,000
dividend received from cost method investment																																																				-396,000	-396,000
restricted cash																																																			-54,648,000	2,075,000	2,075,000	0	-8,217,000	-3,502,000	11,846,000	-67,455,000	-67,455,000	72,707,000	72,707,000	2,708,000	17,463,000	-42,558,000	-9,933,000	-9,933,000	-46,161,000	-46,161,000	2,378,000	14,739,000	-28,139,000	526,000	3,226,000
inventories																																																			-599,000	-658,000	-658,000	0	277,000	-22,000	1,617,000	2,214,000	2,214,000	3,364,000	3,364,000	297,000	1,913,000	-4,733,000	3,297,000	3,297,000	-1,413,000	-1,413,000	-102,000	-631,000	-1,682,000	-69,000	-425,000
disposal of subsidiaries net of cash																																																					-64,580,000
proceeds from loan from a third party																																																			100,000,000
payment of issurance cost of 2020 bonds																																																			-6,457,000		-3,278,000
prepayment for shares repurchase plan																																																			60,000	-3,866,000	-3,866,000				28,004,000	-27,245,000	-27,245,000	-39,787,000	-39,787,000
payments for shares repurchase plan																																																				-50,054,000	-50,054,000	0	-41,880,000	-5,984,000	-29,607,000	-13,058,000	-13,058,000
rental prepayments and deposits for sales and leaseback transactions																																																			-59,486,000	-39,513,000	-39,513,000	0	-31,813,000	-4,923,000								-13,000,000
payments for capital leases																																																			-67,239,000	-39,280,000	-39,280,000	0	-60,552,000	-4,657,000	-61,616,000	-41,038,000	-41,038,000	-39,105,000	-39,105,000	-5,365,000	-34,594,000	-24,001,000	-21,182,000	-21,182,000	-24,023,000	-24,023,000	-1,991,000	-12,341,000
effect of foreign exchange rate changes on cash and short term investments																																																			-3,098,000	-86,759,000	-86,759,000	0	-32,322,000	-2,361,000	100,505,000	6,710,000	6,991,000	58,087,000	58,087,000	-821,000	-5,294,000	-2,121,000	43,448,000	43,448,000	-2,835,000	-2,835,000	265,000	1,640,000	-68,000	-348,000	-2,133,000
net increase in cash and cash equivalents																																																			464,695,000	727,117,000	727,117,000		-21,694,000			-1,892,587,000		2,331,254,000	2,331,254,000	-71,532,000	-461,239,000	285,589,000	-42,170,000	-42,170,000	164,220,000	164,220,000		632,999,000
cash and cash equivalents at beginning of period																																																			1,484,936,000	757,819,000	757,819,000	0	779,513,000	188,491,000	1,662,482,000	3,555,069,000	3,555,069,000	1,223,815,000	1,223,815,000	261,330,000	1,685,054,000	1,399,465,000	1,441,635,000	1,441,635,000	1,277,414,000	1,277,414,000	103,953,000	644,415,000	1,250,129,000	348,418,000	2,138,589,000
cash and cash equivalents at end of period																																																			1,949,631,000	1,484,936,000	1,484,936,000	0	757,819,000	113,249,000	1,297,418,000	1,662,482,000	1,662,482,000	3,555,069,000	3,555,069,000	189,798,000	1,223,815,000	1,685,054,000	1,399,465,000	1,399,465,000	1,441,635,000	1,441,635,000	206,068,000	1,277,414,000	644,415,000	203,670,000	1,250,129,000
changes in the fair value of contingent purchase consideration payables
share based compensation expense
deferred income tax benefits
gain from disposal of cost method investment
dividend income of cost method investments
disposal of subsidiaries
receipt of loan to a third party
proceeds from dividend income of cost method investments
payments for available-for-sale investments
payments for contingent consideration in relation to acquisitions
repayment of 2016 bonds/ 2017 bonds
repurchase of 2017 bonds
payment of issuance cost of 2020 bonds
payments for purchase of noncontrolling interest/mandatorily redeemable noncontrolling interests
payments for purchase of property and equipment through capital leases
proceeds from sales and leaseback transactions																																																																130,000,000
rental prepayment and deposits for sales and leaseback transactions
prepayment for future share repurchase plan
payments for share repurchase plan
effect of foreign exchange rate changes on cash and cash equivalents
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
gain from disposal of cost method investments																																																							-1,425,000
payment for asset acquisition																																																						0	-10,000,000	-2,187,000	-6,859,000		-25,024,000
proceeds from disposal of cost method investment																																																							1,425,000
payment for issurance cost of 2020 bonds																																																				-3,278,000
foreign exchange gain																																																					5,628,000			796,000	-28,849,000	-8,511,000	-8,511,000		-24,224,000		5,243,000	-7,248,000		-60,248,000		5,269,000
income from disposal of intangible assets																																																					295,000
benefit from doubtful accounts and other receivables																																																					8,990,000		16,449,000				24,091,000		44,741,000		26,000			6,971,000		2,818,000		1,335,000			3,508,000
gain from cost method investments
proceeds from cost method investment
net decrease in cash and cash equivalents																																																								-75,242,000	-365,064,000		-1,892,587,000										102,115,000		-605,714,000	-144,748,000	-888,460,000
income from disposal of subsidiaries
deferred income taxes (benefit) expense																																																							-8,058,000											-10,158,000
plus: amortization of intangible assets derived from acquisitions																																																								31,372,000	36,504,000	38,967,000		38,197,000		38,197,000		38,933,000	39,434,000		40,169,000		40,169,000		33,793,000	15,378,000
adjusted gross profit																																																								211,627,000	224,559,000	200,797,000		211,102,000		211,102,000		240,523,000	245,716,000		272,726,000		272,726,000		264,535,000	197,893,000
adjusted gross margin																																																								24,500	23,200	22,000		24,500		24,500		26,000	28,300		31,700		31,700		34,000	30,100
plus: changes in the fair value of contingent purchase consideration payable and related deferred tax impact																																																								-2,867,000	-12,285,000	-15,306,000		1,976,000		1,976,000		676,000	16,643,000		20,946,000		20,946,000		-64,895,000	8,807,000
adjusted net loss																																																								-84,009,000	-84,107,000
adjusted net margin																																																								-9,700	-8,700	-12,000		-8,600		-8,600		1,700	-1,800		2,200		2,200		2,100	3,500
minus: provision for income taxes																																																								-16,127,000	-10,064,000	18,400,000		-14,994,000		-14,994,000		-4,132,000	-7,091,000		-8,563,000		-8,563,000		-6,493,000	-460,000
minus: interest income																																																								8,252,000	3,716,000	3,641,000		8,882,000		8,882,000		13,523,000	20,449,000		13,830,000		13,830,000		20,227,000	13,575,000
minus: interest expenses																																																								-37,027,000	-49,490,000	-52,755,000		-55,692,000		-55,692,000		-69,690,000	-71,664,000		-71,867,000				-67,950,000	-48,562,000
minus: exchange gain																																																								-5,481,000	8,511,000	24,224,000		-5,243,000		-5,243,000		60,248,000	-5,269,000				10,167,000		-1,861,000
minus: gain from equity method investment																																																								2,425,000	2,852,000	19,374,000		1,201,000		1,201,000							11,295,000		-509,000
minus: other income																																																								4,826,000	23,894,000	3,367,000		1,106,000		1,106,000		5,779,000	2,876,000		1,660,000		1,660,000		7,300,000	230,000
minus: other expenses																																																								-1,562,000	-1,010,000	-12,510,000		-1,104,000		-1,104,000		-719,000	-183,000		-951,000				-804,000	-145,000
plus: depreciation																																																								129,609,000	122,484,000	118,195,000		108,940,000		108,940,000		104,340,000	98,462,000		93,878,000		93,878,000		79,637,000	59,783,000
plus: amortization																																																								41,344,000	44,452,000	48,892,000		46,222,000		46,222,000		46,947,000	45,517,000		49,876,000		49,876,000		41,961,000	22,534,000
less: net loss attributable to noncontrolling interest																																																								17,043,000
adjusted net profit attributable to the company’s ordinary shareholders																																																								-66,966,000		-82,032,000				-65,234,000		11,118,000	-19,268,000		10,844,000		10,844,000		17,732,000	20,468,000
adjusted loss per share
basic																																																								-120	-20	-190		-140		-140		20	-20		20		20		40	50
diluted																																																								-120	-20	-190		-140		-140		20	-20		20		20		40	50
shares used in adjusted loss per share computation:
basic*																																																								678,649,016,000	682,146,465,000	578,617,002,000		525,041,586,000		525,041,586,000		521,376,112,000	489,847,525,000		432,372,059,000		432,372,059,000		404,495,442,000	400,894,924,000
diluted*																																																								678,649,016,000	682,146,465,000	578,617,002,000		525,041,586,000		525,041,586,000		536,927,693,000	489,847,525,000		444,663,246,000		444,663,246,000		418,601,672,000	415,461,883,000
adjusted loss per ads
receipt of loans from third parties																																																									40,000,000					509,000	3,279,000
consideration paid to selling shareholders																																																									-142,000					-384,000	-2,475,000
plus: loss on debt extinguishment																																																									29,841,000															41,581,000
minus: loss on debt extinguishment																																																									-29,841,000															-41,581,000
less: net (profit) loss attributable to noncontrolling interest																																																									37,579,000	26,874,000		8,518,000		8,518,000
adjusted net loss attributable to the company’s ordinary shareholders																																																									-46,528,000			-65,234,000
deferred income taxes benefit																																																									-31,605,000	-7,969,000	-7,969,000	-25,462,000	-25,462,000		-896,000		-10,158,000		-7,493,000	-7,493,000	-1,957,000	-12,132,000	-13,500,000	-807,000	-4,956,000
unrecognized tax expense																																																									5,984,000	717,000	717,000	6,581,000	6,581,000	142,000	915,000	1,993,000	602,000	602,000	-9,842,000	-9,842,000	207,000	1,286,000	7,072,000	-25,000	-151,000
gain from cost method investment																																																											-5,160,000
net cash (used in) generated from operating activities																																																									98,846,000		-23,630,000	14,739,000			-18,486,000		102,125,000			-121,361,000
proceeds from long-term investments																																																										6,109,000	11,269,000
minority investment in zjk energy																																																									4,000,000
•
stock based compensation expense																																																																							68,866,000	1,504,000	9,231,000
changes in operating assets and liabilities, net of effects of acquisitions:
assets acquisition of bj yichengtaihe
loans to related parties																																																																							-185,000	-3,249,000	-19,941,000
loans to third parties																																																																			-3,760,000		-327,000	-2,030,000	-21,000	-2,484,000	-15,245,000
receipt of loan to a related party
payments for business acquisitions, net of cash acquired
prepayments for consideration in relation to acquisitions
repurchase of 2016 bonds
repayment of 2016 bonds
proceeds from issuance of bonds
payments for acquisition of property and equipment through capital leases
advance of loan from a third party
adjusted net profit																																																										-108,906,000		-73,752,000		-73,752,000		15,375,000	-15,953,000		18,902,000		18,902,000		16,028,000	23,224,000
adjusted earnings per share
shares used in adjusted earnings per share computation:
adjusted earnings per ads
prepayment for future asset acquisition																																																										-25,024,000		-24,381,000	-24,381,000
proceeds from shareholders																																																												2,548,695,000	2,548,695,000						1,181,825,000	1,181,825,000	101,093,000	626,674,000
repayments of 2016 bonds																																																										-50,000				-40,982,000	-264,250,000
repayments for mandatorily redeemable noncontrolling interests																																																														-15,509,000	-100,000,000
net cash generated from (used in) operating activities																																																													14,739,000
advances of loan to third parties																																																																-62,578,000	-5,104,000	-5,104,000		-3,760,000
payments for acquisitions																																																																-14,767,000	-4,543,000	-4,543,000					-503,370,000
minus: income from equity method investment																																																																706,000	123,000
less: net loss attributable to non-controlling interest																																																																-4,257,000
earnings per ads
interest payment for 2016 bond																																																																10,386,000	-10,386,000	-10,386,000
loss from equity method investment																																																																							-78,000	83,000
loans to seller of bj yichengtaihe
deposit for acquisition of bj yichengtaihe
proceeds from mandatorily redeemable noncontrolling interests
repurchase of ordinary shares																																																																								-34,810,000	-213,665,000
proceeds received on behalf of selling shareholders
dividends paid to a noncontrolling shareholders of subsidiary
repurchase of bonds
proceeds from long-term bank and other borrowings
payments for purchase of noncontrolling interest, net of cash acquired
payment for acquisition of property and equipment through capital leases
less: net loss (profit) attributable to non-controlling interest																																																																	-3,315,000
minus: exchange gain/loss																																																																			10,167,000					-6,576,000
minus: loss from equity method investment																																																																			11,295,000					136,000
less: net income attributable to non-controlling interest																																																																			-8,058,000
payments for the purchase of noncontrolling interest, net of cash acquired -ningbo tech																																																																					-1,291,000	-8,000,000
minus: interest expense																																																																					-71,867,000
minus: other expense																																																																					-951,000
less: net profit attributable to non-controlling interest																																																																					-8,058,000
rental payment of capital leases																																																																							-30,716,000
foreign exchange (gain) loss																																																																						-10,167,000
less: net (profit) loss attributable to non-controlling interest																																																																							1,704,000	-2,756,000
accounts receivable																																																																							8,298,000	21,616,000	132,683,000
notes receivables																																																																							144,000	-4,000	-25,000
other current assets																																																																							62,870,000	-6,618,000	-40,613,000
accounts payable																																																																							1,203,000	2,848,000	17,483,000
notes payable																																																																							-4,524,000	2,092,000	12,842,000
receipt of loans to related parties																																																																								927,000	5,688,000
bargain purchase gain
loans to seller of ijoy
income from equity method investment																																																																									509,000
increase in cash and cash equivalents

21Vianet Group, Inc(NASDAQ:VNET)

21Vianet Group, Inc
(NASDAQ:VNET)