BEIJING, March 22,
2023 /PRNewswire/ -- Chindata Group, ("Chindata" or
the "Company") (Nasdaq: CD), an industry leader in
carrier-neutral hyperscale data center solutions, released its
unaudited financial report on March 15,
2023, for Q4 and the full fiscal year ending December 31, 2022. To supplement the Company's
consolidated financial results presented in accordance with U.S.
GAAP, Chindata utilized adjusted EBITDA, adjusted EBITDA margin,
adjusted net income and adjusted net income margin as non-GAAP
financial measures.
The annual revenue reached 4.55 billion
yuan, a 60% year-on-year increase with net profit leaping
106% to 652 million yuan and adjusted
EBITDA at 2.37 billion yuan, an
increase of 67%. Revenue in Q4 2022 jumped to 1.39 billion yuan, a year-on-year increase of
78%, and adjusted EBITDA grew to 720 million
yuan, an increase of 78%. This is the tenth consecutive
quarter that Chindata has maintained revenue and adjusted EBITDA
growth beyond expectations. With strong business momentum, the
Company set 2023 revenue and adjusted EBITDA guidance in the range
of 5.88 billion yuan to 6.08 million yuan, and 3
billion yuan to 3.11 billion
yuan respectively, implying 31.4% and 28.7% year-on-year
growth at mid-point, respectively.
Chindata's development trend is driven by customer growth and
technological innovation
Chindata has built and put into operation six hyperscale data
centers in Malaysia, India, Thailand, among other places, with a total IT
capacity of 160MW. Two hyperscale projects with a total capacity of
34MW were put into service in Malaysia. Quarter-end total capacity reached
871MW, representing a 29.4% year-on-year increase compared with
673MW in the same quarter of 2021. Capacity in China and Asia-Pacific emerging markets (excluding
China) made up 82% and 18% of
total capacity respectively by the end of the Q4.
From the outset, Chindata has nurtured technological innovation
while continuously increasing investment in research and
development, expanding technical teams, and efficiently converting
electricity into computing power. By the end of 2022, 423 patents
were obtained and are under application, a year-on-year increase of
51%, far exceeding the industry average. In addition, Chindata also
released the world's first waterless cooling technology, which
completely solves the layout and energy consumption constraints of
data centers in water-scarce areas.
Mr. Huapeng Wu, Chief Executive Officer of Chindata Group,
commented: "We continued to leverage our energy-abundant region
layout and comprehensive hyperscale business development capability
to support our unique client profile, further strengthening our
position in existing campuses under the East Data West Computing
cluster, while moving ahead pragmatically with deployment in new
clusters, and advancing the Southeast
Asia market development at a firm pace. The close
collaboration between our team in China and Southeast
Asia led to a record ten-straight-quarters of upbeat
financial performance, and another year of guidance upbeat as well.
We continue to feel strong momentum from our clients, and we
believe newly emerging technology will bring positive momentum to
the long-term demand of the industry. Chindata will continue to
sharpen its unique supply model to ensure that future demand can be
well accommodated, and to reasonably allocate resources to existing
project delivery, client and geographic diversification, to
continue to capture opportunities in APAC emerging market."
In 2023, Chindata is committed to providing safer, greener, and
more sustainable computing power infrastructure services, assuming
elevated corporate social responsibilities, and giving back to the
expectations of customers and society. Supported by technological
innovation, Chindata will work together to contribute more to the
prosperity and development of the global digital economy.
About Chindata Group
Chindata is a leading carrier-neutral hyperscale data center
solution provider in Asia-Pacific
emerging markets and a first mover in building next-generation
hyperscale data centers in China,
India, and Southeast Asia markets, focusing on the whole
life cycle of facility planning, investment, design, construction
and operation of ecosystem infrastructure in the IT industry.
Chindata provides its clients with business solutions in major
countries and regions in Asia-Pacific emerging markets, including
asset-heavy ecosystem chain services such as industrial bases, data
centers and network services.
View original
content:https://www.prnewswire.com/news-releases/chindata-releases-q4-2022-and-full-fiscal-year-financial-reports-business-scale-doubles-revenue-hits-new-highs-301778479.html
SOURCE Chindata Group