GDS Holdings Ltd
HKEX:9698

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GDS Holdings Ltd Logo
GDS Holdings Ltd
HKEX:9698
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Price: 36.12 HKD -0.66% Market Closed
Market Cap: 56.2B HKD

Income Statement

Earnings Waterfall
GDS Holdings Ltd

Revenue
10.4B CNY
Cost of Revenue
-8.1B CNY
Gross Profit
2.3B CNY
Operating Expenses
-888.1m CNY
Operating Income
1.4B CNY
Other Expenses
4.1B CNY
Net Income
5.6B CNY

Income Statement
GDS Holdings Ltd

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Income Statement
Currency: CNY
Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
1 187
1 317
1 413
1 524
1 577
1 655
1 751
1 810
1 862
1 878
1 909
1 908
1 967
1 937
1 915
1 895
1 856
1 925
1 736
1 691
1 603
Revenue
5 287
N/A
5 739
+9%
6 205
+8%
6 726
+8%
7 263
+8%
7 819
+8%
8 356
+7%
8 803
+5%
9 109
+3%
9 268
+2%
9 491
+2%
9 653
+2%
9 804
+2%
9 782
0%
10 175
+4%
10 529
+3%
10 976
+4%
10 322
-6%
10 418
+1%
10 492
+1%
10 413
-1%
Gross Profit
Cost of Revenue
(3 871)
(4 189)
(4 608)
(5 051)
(5 541)
(6 039)
(6 487)
(6 905)
(7 174)
(7 317)
(7 550)
(7 629)
(7 826)
(7 831)
(8 170)
(8 438)
(8 675)
(8 099)
(8 124)
(8 147)
(8 086)
Gross Profit
1 415
N/A
1 550
+10%
1 597
+3%
1 676
+5%
1 722
+3%
1 779
+3%
1 869
+5%
1 898
+2%
1 935
+2%
1 951
+1%
1 941
-1%
2 024
+4%
1 978
-2%
1 951
-1%
2 004
+3%
2 091
+4%
2 301
+10%
2 223
-3%
2 294
+3%
2 345
+2%
2 327
-1%
Operating Income
Operating Expenses
(714)
(878)
(942)
(1 094)
(1 150)
(1 210)
(1 285)
(1 320)
(1 361)
(1 226)
(1 357)
(1 136)
(1 157)
(1 145)
(1 385)
(4 414)
(1 370)
(1 071)
(996)
109
(888)
Selling, General & Administrative
(733)
(717)
(957)
(1 055)
(1 113)
(1 041)
(1 245)
(1 287)
(1 329)
(1 038)
(1 322)
(1 297)
(1 314)
(1 019)
(1 347)
(1 356)
(1 328)
(948)
(962)
(916)
(856)
Research & Development
(37)
(36)
(31)
(29)
(27)
(34)
(40)
(41)
(38)
(25)
(36)
(31)
(35)
(33)
(38)
(44)
(42)
(32)
(34)
(32)
(32)
Depreciation & Amortization
0
(124)
0
0
0
(135)
0
0
0
(162)
0
0
0
(92)
0
0
0
(91)
0
0
0
Other Operating Expenses
55
0
45
(10)
(10)
0
0
7
7
0
0
192
192
0
0
(3 013)
0
0
0
1 057
0
Operating Income
701
N/A
673
-4%
655
-3%
582
-11%
572
-2%
570
-1%
584
+3%
577
-1%
575
0%
726
+26%
584
-20%
887
+52%
821
-7%
806
-2%
619
-23%
(2 323)
N/A
930
N/A
1 152
+24%
1 298
+13%
2 454
+89%
1 439
-41%
Pre-Tax Income
Interest Income Expense
(1 152)
(1 309)
(1 392)
(1 499)
(1 556)
(1 612)
(1 714)
(1 768)
(1 819)
(1 847)
(1 877)
(1 875)
(1 930)
(1 844)
(1 956)
(1 985)
(2 050)
(1 816)
(1 748)
(1 659)
(1 467)
Non-Reccuring Items
0
55
0
0
0
7
7
0
0
192
192
0
0
(3 013)
(3 013)
0
(3 013)
0
1 057
0
2 426
Total Other Income
31
32
45
53
57
87
92
91
104
100
102
104
99
110
79
64
49
49
53
56
66
Pre-Tax Income
(421)
N/A
(548)
-30%
(692)
-26%
(864)
-25%
(926)
-7%
(949)
-2%
(1 031)
-9%
(1 100)
-7%
(1 141)
-4%
(828)
+27%
(1 000)
-21%
(883)
+12%
(1 011)
-14%
(3 942)
-290%
(4 272)
-8%
(4 244)
+1%
(4 085)
+4%
(615)
+85%
659
N/A
851
+29%
2 464
+189%
Net Income
Tax Provision
(81)
(121)
(164)
(189)
(224)
(242)
(255)
(263)
(261)
(276)
(368)
(334)
(288)
16
116
81
112
(156)
(293)
(298)
(490)
Income from Continuing Operations
(501)
(669)
(856)
(1 053)
(1 150)
(1 191)
(1 286)
(1 363)
(1 401)
(1 105)
(1 367)
(1 217)
(1 299)
(3 926)
(4 156)
(4 162)
(3 972)
(771)
366
553
1 974
Income to Minority Interest
1
3
5
7
9
4
2
0
(3)
(3)
(5)
(6)
(6)
(5)
(4)
3
43
(6)
(6)
(14)
(56)
Equity Earnings Affiliates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(28)
(54)
(515)
Net Income (Common)
(561)
N/A
(738)
-32%
(933)
-27%
(1 144)
-23%
(1 257)
-10%
(1 314)
-4%
(1 588)
-21%
(1 651)
-4%
(1 666)
-1%
(1 510)
+9%
(1 425)
+6%
(1 277)
+10%
(1 358)
-6%
(4 344)
-220%
(4 214)
+3%
(4 213)
+0%
(3 984)
+5%
3 371
N/A
4 480
+33%
4 633
+3%
5 552
+20%
EPS (Diluted)
-0.47
N/A
-0.59
-26%
-0.64
-8%
-0.78
-22%
-0.88
-13%
-0.9
-2%
-1.09
-21%
-1.13
-4%
-1.14
-1%
-1.03
+10%
-0.97
+6%
-0.87
+10%
-0.93
-7%
-2.95
-217%
-2.87
+3%
-2.87
N/A
-2.71
+6%
2.28
N/A
2.49
+9%
3.08
+24%
2.79
-9%