GDS Holdings Limited (9698.HK) stock price, financials & research

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Company profile

GDS Holdings Limited operates and develops data centers throughout the People's Republic of China. The company provides a range of services, including colocation offerings that supply critical facility space, customer power, racks, and cooling. They also deliver managed hosting services, which cover essential functions like business continuity and disaster recovery, network management, data storage, system security, and support for operating systems, databases, and server middleware. Furthermore, GDS offers managed cloud solutions and consulting services. Their client base is broad, encompassing cloud service providers, major internet companies, financial institutions, telecommunications and IT service providers, along with prominent domestic private sector firms and multinational corporations. The company was established in 2001 and is based in Shanghai, China.

Industry: Information Technology Services
Sector: Technology
Headquarters: CN
CEO: Wei Huang
Listed since: Nov 2, 2020
Employees: 2,434

Market position

Day range

Current HK$31.58

HK$31.46HK$34.90

52-week range

Current HK$31.58

HK$27.32HK$46.94

Open: HK$34.78
Previous close: HK$33.32
Volume: 2.09M; 0.35× average
Average volume: 5.93M; Average daily volume
Market cap: 49.25B HKD
Beta: 0.43; Market reference 1
50-day average: HK$31.3552; +0.72% above average
200-day average: HK$36.9555; -14.55% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 79.26B CNY
P/E (TTM): 11.57×
P/B (TTM): 1.3×
P/S (TTM): 3.45×
EV / EBITDA: 15.97×
Earnings yield: 2.06%
Free cash flow yield: -2.64%
Dividend yield: 0.00%

Profitability & efficiency

Gross margin: 24.34%
Operating margin: 16.90%
Net margin: 30.52%
Return on equity: 3.54%
Return on assets: 1.19%
Return on invested capital: 1.30%

Financial health

Debt / equity: 1.46×
Current ratio: 2.6×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

11.43B CNY+10.76%

Operating income

1.51B CNY+30.69%

Net income

949.64M CNY-72.28%

Metric (CNY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	11.43B CNY	10.32B CNY	9.96B CNY	9.33B CNY	7.82B CNY
Cost of goods sold	8.85B CNY	8.1B CNY	8.03B CNY	7.39B CNY	6.04B CNY
Gross profit	2.59B CNY	2.22B CNY	1.92B CNY	1.94B CNY	1.78B CNY
Research and development	32.7M CNY	36.32M CNY	38.16M CNY	35.81M CNY	39.34M CNY
Selling, general, and administrative	1.05B CNY	1.03B CNY	1.33B CNY	1.34B CNY	1.17B CNY
Operating expenses	1.08B CNY	1.07B CNY	4.38B CNY	1.37B CNY	1.21B CNY
Interest income	154.04M CNY	89.78M CNY	97.55M CNY	42.23M CNY	50.45M CNY
Interest expense	1.79B CNY	1.92B CNY	2.04B CNY	1.88B CNY	1.65B CNY
Depreciation and amortization	3.46B CNY	3.24B CNY	3.63B CNY	3.29B CNY	2.66B CNY
Operating income	1.51B CNY	1.15B CNY	−2.46B CNY	551.78M CNY	569.52M CNY
Net income	949.64M CNY	3.43B CNY	−4.29B CNY	−1.27B CNY	−1.19B CNY