Investor Relations Contacts: 21Vianet Group, Inc. Rene Jiang +86 10 8456 2121 IR@21Vianet.com. The Blackstone investment and increasing lines of credit from banks that we received in the quarter have further endorsed our industry leadership and development potential going forward. All information provided in this press release and in the attachments is as of the date of this press release, and 21Vianet undertakes no duty to update such information, except as required under applicable law. The MarketWatch News Department was not involved in the creation of this content. Thank you. Adjusted EBITDA is expected to be in the range of RMB340 million to RMB360 million. We also improved our operating efficiency and continued to serve first-rate companies to increase our utilization rates. All information provided in this press release and in the attachments is as of the date of this press release, and 21Vianet undertakes no duty to update such information, except as required under applicable law. VNET VNET As a percentage of net revenues, total operating expenses decreased to 16.9% in the second quarter of 2020 from 18.9% in the same period of 2019 and 18.1% in the first quarter of 2020. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company's year-end audit, which could result in significant differences from this preliminary unaudited condensed financial information. The unaudited financial information set forth above is preliminary and subject to potential adjustments. ABOUT NIU. Sales and marketing expenses in the second quarter of 2020 were RMB51.7 million (US$7.3 million), representing an increase of 10.8% from RMB46.6 million in the same period of 2019 and an increase of 6.0% from RMB48.7 million in the first quarter of 2020. BEIJING, Nov. 04, 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 that it plans to release its third quarter 2020 financial results on Tuesday, November. Investor Presentation Guangzhou, China. Net revenues increased by 27.0% to RMB1.25 billion (US$183.5 million) from RMB981.0 million in the same period of 2019. 21Vianet operates in more than 20 cities throughout China, servicing a diversified and loyal base of nearly 5,000 hosting enterprise customers that span numerous industries ranging from Internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises. All information provided in this press release and in the attachments is as of the date of this press release, and 21Vianet undertakes no duty to update such information, except as required under applicable law. This increase was mainly due to the growing demand for IDC services, which was caused by the long-term trend of corporate digitization across China. ADJUSTED EBITDA: Adjusted EBITDA in the second quarter of 2020 increased to RMB306.4 million (US$43.4 million), representing an increase of 17.5% from RMB260.7 million in the same period of 2019 and an increase of 18.1% from RMB259.4 million in the first quarter of 2020. Diluted loss per share is calculated using net loss attributable to ordinary shareholders divided by the weighted average number of diluted shares outstanding. It has a strategic partnership with Microsoft Corporation. The year-over-year increase in general and administrative expenses was mainly attributable to increased share-based compensation expenses in connection with the employment of more experienced staff, while the quarter-over-quarter decrease in general and administrative expenses was mainly attributable to the Company’s ongoing work to improve its operating efficiency. Hello, everyone. NET PROFIT/LOSS: Net loss attributable to ordinary shareholders in the second quarter of 2020 was RMB2.12 billion (US$300.5 million), compared to RMB102.1 million in the same period of 2019 and RMB138.8 million in the first quarter of 2020. Investor Relations Contacts: 21Vianet Group, Inc. Rene Jiang +86 10 8456 2121 IR@21Vianet.com Julia Jiang +86 10 8456 2121 IR@21Vianet.com. This announcement contains forward-looking statements. Dial-in details are provided at the end of this release. PROFIT/LOSS PER SHARE: Basic and diluted loss per share were RMB3.21 (US$0.45) in the second quarter of 2020, which represents the equivalent of RMB19.26 (US$2.70) per American depositary share ("ADS"). 21Vianet Group, Inc. All Rights Reserved. ________1Retail IDC MRR: Refers to Monthly Recurring Revenues for the retail IDC business. In evaluating its business, 21Vianet considers and uses the following non-GAAP measures defined as non-GAAP financial measures by the Securities and Exchange Commission as a supplemental measure to review and assess its operating performance: adjusted cash gross profit, adjusted cash gross margin, adjusted operating expenses, adjusted EBITDA, adjusted EBITDA margin, The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. IR Presentation 21Vianet Group Inc. Investor Presentation Download View more. The Company paid off the remaining US$131 million of its 2020 Notes in early August. All information provided in this press release and in the attachments is as of the date of this press release, and 21Vianet undertakes no duty to update such information, except as required under applicable law. The midpoints of the Company’s updated estimates imply an increase of 26.7% year over year both in net revenues and adjusted EBITDA. GDS 2Q17 Earnings Call Transcript 235.7 KB. Investor relations. 21Vianet Group, Inc.Rene Jiang+86 10 8456 2121IR@21Vianet.com, Julia Jiang+86 10 8456 2121IR@21Vianet.com, ICR, Inc.Xinran Rao+1 (646) 405-4922IR@21Vianet.com, 21Vianet Group, Inc. Reports Unaudited Second Quarter 2020 Financial Results. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. Stock FAQ IR Contact to both the professional and the average traders, in offers timely, trusted relevant!, quotations from management in this announcement as well as 21Vianet 's data centers and to! Loss per share is calculated using the numbers presented in the second Quarter 2020! 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