21Vianet Group, Inc. Reports Unaudited Fourth Quarter and Full Year 2019 Financial Results
VNET Group, Inc. - American Depositary Shares (VNET)
Last vnet group, inc. - american depositary shares earnings: 8/19 04:30 pm
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US:NASDAQ Investor Relations:
ir.21vianet.com
Company Research
Source: GlobeNewswire
BEIJING, March 05, 2020 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced its unaudited financial results for the fourth quarter ended December 31, 2019. The Company will hold a conference call at 8:00 P.M. on Wednesday, March 4, 2020, U.S. Eastern Time to discuss the financial results. Dial-in details are provided at the end of this release. Fourth Quarter 2019 Financial Highlights Net revenues increased by 16.2% to RMB1.05 billion (US$150.6 million) from RMB901.9 million in the same period of 2018.Adjusted cash gross profit increased by 4.1% to RMB425.9 million (US$61.2 million) from RMB409.2 million in the same period of 2018. Adjusted cash gross margin was 40.6%, compared to 45.4% in the same period of 2018.Adjusted EBITDA (non-GAAP) increased by 3.3% to RMB263.8 million (US$37.9 million) from RMB255.3 million in the same period of 2018. Ad
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