The financials
GDS Holdings Limited by the numbers
GDS Holdings Limited (GDS) reported revenue of CNY 3.16B in H2 2020 (quarter ended December 31, 2020), up 68% from the same quarter a year earlier. That came with a gross margin of 27%. For the full year FY2025, revenue was CNY 11.4B (+11% year on year) and net income CNY 950M.
| Income statement | H2 2020 | H1 2019 | Change |
|---|---|---|---|
| Revenue | CNY 3.16B | CNY 1.88B | +68% |
| Gross profit | CNY 839M | CNY 474M | +77% |
| Operating income | CNY 314M | CNY 222M | +41% |
| Net income | n/a | −CNY 230M | n/a |
| Diluted EPS | n/a | −CNY 0.24 | n/a |
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