VNET Group Inc
NASDAQ:VNET
Income Statement
Earnings Waterfall
VNET Group Inc
Revenue
|
7.4B
CNY
|
Cost of Revenue
|
-6.1B
CNY
|
Gross Profit
|
1.3B
CNY
|
Operating Expenses
|
-1.4B
CNY
|
Operating Income
|
-100m
CNY
|
Other Expenses
|
-2.5B
CNY
|
Net Income
|
-2.6B
CNY
|
Income Statement
VNET Group Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 117
N/A
|
2 117
N/A
|
2 304
+9%
|
2 568
+11%
|
2 876
+12%
|
3 151
+10%
|
3 359
+7%
|
3 505
+4%
|
3 634
+4%
|
3 637
+0%
|
3 681
+1%
|
3 725
+1%
|
3 642
-2%
|
3 642
0%
|
3 610
-1%
|
3 528
-2%
|
3 393
-4%
|
3 331
-2%
|
3 281
-2%
|
3 265
0%
|
3 401
+4%
|
3 472
+2%
|
3 532
+2%
|
3 643
+3%
|
3 789
+4%
|
4 008
+6%
|
4 264
+6%
|
4 529
+6%
|
4 829
+7%
|
5 125
+6%
|
5 478
+7%
|
5 793
+6%
|
6 190
+7%
|
6 448
+4%
|
6 676
+4%
|
6 930
+4%
|
7 065
+2%
|
7 226
+2%
|
7 322
+1%
|
7 395
+1%
|
7 413
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 556)
|
(1 556)
|
(1 685)
|
(1 852)
|
(2 066)
|
(2 271)
|
(2 456)
|
(2 632)
|
(2 781)
|
(2 844)
|
(2 919)
|
(2 977)
|
(2 930)
|
(2 918)
|
(2 871)
|
(2 786)
|
(2 634)
|
(2 525)
|
(2 434)
|
(2 366)
|
(2 456)
|
(2 514)
|
(2 575)
|
(2 705)
|
(2 850)
|
(3 075)
|
(3 287)
|
(3 499)
|
(3 753)
|
(3 960)
|
(4 226)
|
(4 440)
|
(4 752)
|
(4 978)
|
(5 208)
|
(5 520)
|
(5 707)
|
(5 870)
|
(5 982)
|
(6 065)
|
(6 120)
|
|
Gross Profit |
561
N/A
|
561
N/A
|
619
+10%
|
716
+16%
|
810
+13%
|
880
+9%
|
903
+3%
|
873
-3%
|
854
-2%
|
793
-7%
|
761
-4%
|
748
-2%
|
712
-5%
|
724
+2%
|
739
+2%
|
742
+0%
|
758
+2%
|
806
+6%
|
847
+5%
|
899
+6%
|
945
+5%
|
958
+1%
|
957
0%
|
938
-2%
|
939
+0%
|
933
-1%
|
977
+5%
|
1 029
+5%
|
1 076
+5%
|
1 165
+8%
|
1 252
+7%
|
1 352
+8%
|
1 438
+6%
|
1 470
+2%
|
1 469
0%
|
1 410
-4%
|
1 358
-4%
|
1 355
0%
|
1 340
-1%
|
1 330
-1%
|
1 292
-3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(667)
|
(667)
|
(687)
|
(712)
|
(925)
|
(960)
|
(1 047)
|
(1 168)
|
(1 138)
|
(1 118)
|
(1 133)
|
(1 177)
|
(1 159)
|
(1 158)
|
(1 548)
|
(1 064)
|
(959)
|
(878)
|
(787)
|
(718)
|
(707)
|
(719)
|
(714)
|
(694)
|
(757)
|
(767)
|
(793)
|
(835)
|
(878)
|
(1 018)
|
(990)
|
(1 052)
|
(1 305)
|
(1 436)
|
(1 383)
|
(1 541)
|
(1 237)
|
(1 215)
|
(1 143)
|
(1 107)
|
(1 393)
|
|
Selling, General & Administrative |
(488)
|
(488)
|
(533)
|
(624)
|
(758)
|
(778)
|
(901)
|
(952)
|
(925)
|
(952)
|
(990)
|
(1 052)
|
(1 061)
|
(1 116)
|
(1 060)
|
(981)
|
(769)
|
(749)
|
(673)
|
(612)
|
(605)
|
(647)
|
(647)
|
(630)
|
(643)
|
(687)
|
(707)
|
(746)
|
(740)
|
(806)
|
(857)
|
(892)
|
(1 092)
|
(1 133)
|
(1 158)
|
(1 193)
|
(954)
|
(955)
|
(890)
|
(868)
|
(1 137)
|
|
Research & Development |
(87)
|
(87)
|
(93)
|
(103)
|
(91)
|
(130)
|
(137)
|
(141)
|
(104)
|
(151)
|
(152)
|
(153)
|
(116)
|
(146)
|
(156)
|
(158)
|
(129)
|
(133)
|
(112)
|
(98)
|
(76)
|
(93)
|
(89)
|
(88)
|
(69)
|
(87)
|
(92)
|
(96)
|
(87)
|
(126)
|
(140)
|
(168)
|
(156)
|
(228)
|
(266)
|
(286)
|
(268)
|
(314)
|
(318)
|
(326)
|
(272)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(53)
|
0
|
0
|
0
|
(74)
|
0
|
0
|
0
|
(83)
|
0
|
0
|
0
|
(65)
|
0
|
0
|
0
|
(46)
|
0
|
0
|
0
|
(52)
|
0
|
0
|
0
|
(58)
|
0
|
0
|
0
|
(57)
|
0
|
0
|
0
|
(76)
|
0
|
0
|
0
|
(90)
|
|
Other Operating Expenses |
(92)
|
(92)
|
(61)
|
15
|
(23)
|
(51)
|
(9)
|
(75)
|
(35)
|
(15)
|
8
|
28
|
100
|
105
|
(333)
|
76
|
5
|
4
|
(3)
|
(8)
|
19
|
22
|
22
|
24
|
7
|
7
|
7
|
7
|
8
|
(87)
|
8
|
8
|
0
|
(76)
|
41
|
(62)
|
60
|
54
|
66
|
87
|
106
|
|
Operating Income |
(105)
N/A
|
(105)
N/A
|
(68)
+36%
|
5
N/A
|
(115)
N/A
|
(80)
+30%
|
(144)
-79%
|
(295)
-106%
|
(284)
+4%
|
(326)
-15%
|
(372)
-14%
|
(429)
-15%
|
(447)
-4%
|
(434)
+3%
|
(810)
-87%
|
(322)
+60%
|
(200)
+38%
|
(72)
+64%
|
60
N/A
|
180
+199%
|
238
+32%
|
239
+1%
|
243
+2%
|
244
+0%
|
182
-25%
|
166
-9%
|
185
+11%
|
195
+6%
|
198
+2%
|
147
-26%
|
263
+79%
|
301
+14%
|
133
-56%
|
34
-75%
|
86
+154%
|
(131)
N/A
|
121
N/A
|
140
+16%
|
198
+41%
|
223
+13%
|
(100)
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(104)
|
(104)
|
(126)
|
(149)
|
(181)
|
(190)
|
(205)
|
(151)
|
(96)
|
(110)
|
(59)
|
(94)
|
(121)
|
(105)
|
(142)
|
(169)
|
(170)
|
(134)
|
(206)
|
(252)
|
(272)
|
(302)
|
(305)
|
(324)
|
(319)
|
(426)
|
(2 010)
|
(1 839)
|
(2 665)
|
(2 652)
|
(526)
|
(485)
|
636
|
794
|
(11)
|
(475)
|
(742)
|
(743)
|
(694)
|
(375)
|
(515)
|
|
Non-Reccuring Items |
0
|
0
|
(42)
|
(42)
|
(42)
|
0
|
0
|
0
|
0
|
0
|
0
|
(30)
|
(423)
|
(423)
|
0
|
(1 762)
|
(692)
|
(692)
|
(687)
|
682
|
5
|
0
|
(18)
|
(19)
|
(19)
|
(19)
|
(1)
|
(0)
|
(95)
|
0
|
(97)
|
(101)
|
(98)
|
0
|
(113)
|
0
|
0
|
0
|
0
|
(11)
|
(1 882)
|
|
Total Other Income |
8
|
8
|
8
|
15
|
26
|
23
|
25
|
24
|
27
|
26
|
14
|
27
|
13
|
16
|
24
|
0
|
(0)
|
17
|
38
|
52
|
54
|
36
|
21
|
15
|
31
|
7
|
8
|
4
|
(20)
|
(1)
|
(13)
|
(11)
|
(6)
|
17
|
26
|
25
|
(9)
|
(17)
|
(5)
|
(7)
|
11
|
|
Pre-Tax Income |
(201)
N/A
|
(201)
N/A
|
(227)
-13%
|
(171)
+25%
|
(312)
-82%
|
(248)
+20%
|
(324)
-31%
|
(422)
-30%
|
(353)
+16%
|
(410)
-16%
|
(417)
-2%
|
(525)
-26%
|
(979)
-86%
|
(946)
+3%
|
(928)
+2%
|
(2 253)
-143%
|
(1 062)
+53%
|
(880)
+17%
|
(794)
+10%
|
662
N/A
|
24
-96%
|
(26)
N/A
|
(59)
-122%
|
(84)
-44%
|
(125)
-49%
|
(273)
-117%
|
(1 819)
-567%
|
(1 641)
+10%
|
(2 582)
-57%
|
(2 505)
+3%
|
(374)
+85%
|
(295)
+21%
|
665
N/A
|
845
+27%
|
(12)
N/A
|
(581)
-4 665%
|
(631)
-8%
|
(620)
+2%
|
(502)
+19%
|
(170)
+66%
|
(2 486)
-1 360%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(10)
|
(10)
|
(1)
|
(6)
|
(17)
|
(18)
|
(24)
|
(22)
|
(48)
|
(54)
|
(29)
|
(35)
|
11
|
10
|
(10)
|
(20)
|
90
|
72
|
29
|
57
|
(24)
|
(1)
|
34
|
16
|
(5)
|
(17)
|
(28)
|
(43)
|
(109)
|
(124)
|
(133)
|
(137)
|
(111)
|
(121)
|
(122)
|
(149)
|
(134)
|
(132)
|
(113)
|
(64)
|
(114)
|
|
Income from Continuing Operations |
(211)
|
(211)
|
(228)
|
(177)
|
(329)
|
(266)
|
(348)
|
(444)
|
(401)
|
(464)
|
(446)
|
(560)
|
(968)
|
(936)
|
(938)
|
(2 272)
|
(971)
|
(807)
|
(765)
|
719
|
(0)
|
(27)
|
(25)
|
(68)
|
(131)
|
(290)
|
(1 847)
|
(1 684)
|
(2 691)
|
(2 629)
|
(507)
|
(432)
|
554
|
724
|
(134)
|
(730)
|
(764)
|
(751)
|
(615)
|
(234)
|
(2 600)
|
|
Income to Minority Interest |
(1)
|
(1)
|
(4)
|
(2)
|
(20)
|
(28)
|
(28)
|
(34)
|
(27)
|
(10)
|
20
|
62
|
298
|
307
|
302
|
369
|
145
|
126
|
105
|
(1)
|
(18)
|
(17)
|
(21)
|
(23)
|
(1)
|
(1)
|
(2)
|
(2)
|
(29)
|
(32)
|
(33)
|
(34)
|
(15)
|
(14)
|
(13)
|
(10)
|
(14)
|
(33)
|
(25)
|
(34)
|
(47)
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
36
|
38
|
45
|
72
|
54
|
41
|
22
|
(10)
|
(187)
|
(188)
|
(194)
|
(189)
|
(51)
|
(36)
|
(28)
|
(25)
|
11
|
6
|
(7)
|
(22)
|
(39)
|
(35)
|
(11)
|
1
|
2
|
(0)
|
(0)
|
3
|
3
|
|
Net Income (Common) |
(212)
N/A
|
(212)
N/A
|
(232)
-9%
|
(179)
+23%
|
(349)
-95%
|
(293)
+16%
|
(376)
-28%
|
(478)
-27%
|
(428)
+10%
|
(474)
-11%
|
(426)
+10%
|
(498)
-17%
|
(634)
-27%
|
(591)
+7%
|
(591)
+0%
|
(1 831)
-210%
|
(773)
+58%
|
(640)
+17%
|
(638)
+0%
|
708
N/A
|
(205)
N/A
|
(232)
-13%
|
(240)
-3%
|
(280)
-17%
|
(182)
+35%
|
(327)
-79%
|
(2 348)
-618%
|
(2 181)
+7%
|
(2 709)
-24%
|
(2 655)
+2%
|
(76)
+97%
|
(17)
+77%
|
494
N/A
|
670
+35%
|
(163)
N/A
|
(745)
-356%
|
(776)
-4%
|
(784)
-1%
|
(640)
+18%
|
(265)
+59%
|
(2 644)
-897%
|
|
EPS (Diluted) |
-0.53
N/A
|
-0.55
-4%
|
-0.59
-7%
|
-0.42
+29%
|
-0.87
-107%
|
-0.75
+14%
|
-0.76
-1%
|
-0.91
-20%
|
-0.87
+4%
|
-0.9
-3%
|
-0.73
+19%
|
-0.72
+1%
|
-1.03
-43%
|
-0.87
+16%
|
-0.87
N/A
|
-2.72
-213%
|
-1.15
+58%
|
-0.95
+17%
|
-0.95
N/A
|
1.06
N/A
|
-0.3
N/A
|
-0.34
-13%
|
-0.35
-3%
|
-0.41
-17%
|
-0.27
+34%
|
-0.49
-81%
|
-3.6
-635%
|
-2.7
+25%
|
-3.78
-40%
|
-3.08
+19%
|
-0.08
+97%
|
-0.01
+88%
|
0.54
N/A
|
0.73
+35%
|
-0.2
N/A
|
-0.85
-325%
|
-0.87
-2%
|
-0.74
+15%
|
-0.73
+1%
|
-0.31
+58%
|
-2.93
-845%
|