$VNET Income Statement | Understand Stock

$VNET

$3.77 -$0.16 (4.07%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of operations

In millions of CNY; shares in millions, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Net revenues
Hosting and related services (including related parties amounts of RMB938, RMB7,954 and nil for the years ended December 31, 2023, 2024 and 2025, respectively)
Cost of revenues
Hosting and related services (including related parties amounts of RMB50,709, RMB34,153 and RMB40,426 for the years ended December 31, 2023, 2024 and 2025, respectively)
Gross profit
Operating income (expenses)
Operating income
Sales and marketing expenses
Research and development expenses
General and administrative expenses
Provision for doubtful debt
Impairment of loan receivable to potential investee
Impairment of long-lived assets
Impairment of goodwill
Total operating expenses

Operating (loss) profit
Interest income
Interest expense
Changes in the fair value of financial instruments
Impairment of long-term investment
Impairment of long-term investments
Gain on debt extinguishment
Gain on deconsolidation of a subsidiary
Foreign exchange (loss) gain, net
Other income
Other expenses
(Loss) income before income taxes and gain from equity method investments
Income tax expenses
Gain from equity method investments
Net (loss) income
Net income attributable to noncontrolling interests
Net income attributable to redeemable noncontrolling interests
Net (loss) income attributable to VNET Group, Inc.
Accretion to redemption value of redeemable noncontrolling interests
Net loss attributable to the Company's ordinary shareholders
(Loss) earnings per share:
Basic (in dollars per share)
Diluted (in dollars per share)
Shares used in (loss) earning per share computation:
Basic (in shares)
Diluted (in shares)

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