1、 1 VNET Reports Unaudited Second Quarter 2025 Financial Results BEIJING,August 21,2025/PRNewswire/-VNET Group,Inc.(Nasdaq:VNET)(“VNET”or the“Company”),a leading carrier-and cloud-neutral internet data center services provider in China,today announced its unaudited financial results for the second qu
2、arter ended June 30,2025.“We delivered strong second quarter results thanks to continued effective strategic execution,”said Josh Sheng Chen,Founder,Executive Chairperson and interim Chief Executive Officer of VNET.“Our wholesale IDC business continued to grow rapidly,driven by our wholesale data ce
3、nters fast move-in pace.In the second quarter,our wholesale capacity in service increased by 101MW quarter over quarter to 674MW,with utilized wholesale capacity growing by 74MW quarter over quarter to 511MW.Our high-performance data centers and premium IDC services continue to attract customers fro
4、m various industries.In the second quarter,we secured a combined capacity of around 4MW in retail orders.Furthermore,we recently won a 20MW wholesale order through the JV project we operate in Hebei Province.”“In late June,we unveiled our Hyperscale 2.0 framework,encompassing our vision for the futu
5、re of AIDCs and our blueprint for growing the capacity of our data center assets under management to 10GW by 2036.As a pioneer in AIDC development,we are poised to strengthen our leadership under Hyperscale 2.0,supported by our strong fundamentals,deep industry know-how,and innovative technologies.L
6、ooking ahead,we will sharpen our competitive advantages with faster deliveries and consistently reliable IDC services as we embark on our ambitious Hyperscale 2.0 framework for building greener,more intelligent data centers for the AI era.”Qiyu Wang,Chief Financial Officer of VNET,commented,“We main