Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. ADJUSTED CASH GROSS PROFIT (non-GAAP): Adjusted cash gross profit, which is defined as gross profit excluding depreciation, amortization, and share-based compensation expenses, was RMB417.1 million (US$58.9 million) in the first quarter of 2020, compared to RMB406.7 million in the first quarter of 2019 and RMB425.9 million in the fourth quarter of 2019. Customers may locate their servers and equipment in 21Vianet’s data centers and connect to China’s Internet backbone. Notably, our operating efficiency was further bolstered by the industry’s healthy growth trajectory in the period, which continued to ramp up due to the ongoing trend of corporate digitization. Learn everything you need to know about successful options trading with this three-part video course. SEC Filings 21Vianet Group (NASDAQ:VNET) SEC Filings. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Ms. Sharon Liu, Chief Financial Officer of the Company, commented, “We delivered a strong financial performance in the first quarter of 2020, with revenue hitting the high end of our guidance and adjusted EBITDA being around the midpoint of our previous range. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and non-GAAP results” set forth at the end of this press release. NET PROFIT/LOSS: Net loss attributable to ordinary shareholders in the first quarter of 2020 was RMB138.8 million (US$19.6 million), compared to a net profit of RMB5.6 million in the first quarter of 2019 and a net loss of RMB16.4 million in the fourth quarter of 2019. 21Vianet may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. The increase was mainly attributable to increased share-based compensation expenses. In the face of these near-term headwinds, our preventative measures and effective execution allowed us to operate our data centers without interruptions, report zero infection cases, maintain our cabinet delivery schedule, and promptly resume construction upon the virus’ containment. EX-99.1 Exhibit 99.1 21Vianet Group, Inc. In advance of the conference call, all participants must use the following link to complete the online registration process to receive a unique registrant ID and a set of participant dial-in numbers to join the conference call. The year-over-year increase in sales and marketing expenses was in line with the Company’s business expansion efforts, while the quarter-over-quarter decrease in sales and marketing expenses was mainly attributable to a decrease in sales and marketing activities during the quarantine period. Looking for new stock ideas? Net cash generated from operating activities in the first quarter of 2020 was RMB58.7 million (US$8.3 million), compared to RMB32.4 million in the same period of 2019 and RMB444.8 million in the fourth quarter of 2019. ADJUSTED OPERATING EXPENSES (non-GAAP): Adjusted operating expenses, which exclude share-based compensation expenses and impairment of receivables from equity investees, increased by 3.8% to RMB177.8 million (US$25.1 million) in the first quarter of 2020 from RMB171.3 million in the first quarter of 2019, representing a decrease of 3.5% from RMB184.2 million in the fourth quarter of 2019. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 21Vianet’s goals and strategies; 21Vianet’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, 21Vianet’s services; 21Vianet’s expectations regarding keeping and strengthening its relationships with customers; 21Vianet’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where 21Vianet provides solutions and services. (1) These Class A ordinary shares are represented by the Registrant's American depositary shares, or ADSs, each of which represents six Class A ordinary shares. Even trillion-dollar sovereign wealth funds from the Middle East. GROSS PROFIT: Gross profit in the first quarter of 2020 was RMB234.1 million (US$33.1 million), compared to RMB240.8 million in the same period of 2019 and RMB247.9 million in the fourth quarter of 2019. See what's happening in the market right now with MarketBeat's real-time news feed. Compound utilization rate in the first quarter of 2020 fell to 60.4% from 65.6% in the fourth quarter of 2019, mainly due to the continuous delivery of additional cabinets in the first quarter of 2020. 21Vianet Group, Inc. Ticker: VNET CIK: 1508475. Beijing, 100016 . Further information regarding these and other risks is included in 21Vianet’s reports filed with, or furnished to, the Securities and Exchange Commission. 21Vianet Group Inc. ADR secarticle SEC filings breakout by MarketWatch. General and administrative expenses in the first quarter of 2020 were RMB125.2 million (US$17.7 million), compared to RMB120.8 million in the same period of 2019 and RMB110.0 million in the fourth quarter of 2019. Silicon Valley billionaires. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB7.0808 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on March 31, 2020. The ADSs issuable : 000000000 Type: 6-K | Act: 34 | File No. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Fundamental company data provided by Morningstar and Zacks Investment Research. 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For the second quarter of 2020, the Company expects net revenues to be in the range of RMB1,140 million to RMB1,160 million. PROFIT/LOSS PER SHARE: Basic and diluted loss per share were RMB0.18 (US$0.03) in the first quarter of 2020, which represents the equivalent of RMB1.08 (US$0.18) per American Depositary Share (“ADS”). Among other things, quotations from management in this announcement as well as 21Vianet’s strategic and operational plans contain forward-looking statements. The replay will be accessible through May 22, 2020, by dialing the following numbers: United States Toll Free:                      +1-855-452-5696, International:                                       +61-2-8199-0299. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. View the VNET report for declarations made by the company's management by date. As such, while we advance into 2020, we remain confident in our ability to meet the deadlines of our three-year growth plan for the year, emboldened by our growth prospects, and determined to help advance the industry going forward.”. Research and development expenses in the first quarter of 2020 were RMB21.0 million (US$3.0 million), compared to RMB22.6 million in the same period of 2019 and RMB24.9 million in the fourth quarter of 2019. 21Vianet Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. These non-GAAP financial measures should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for, or superior to, U.S. GAAP results. 21Vianet Group Inc. ADR all SEC filings breakout by MarketWatch. Notably, while we continued to expand our cabinet capacity and bolster our client base, we also leveraged our robust client network and established market leadership to further refine our operating efficiency. In evaluating its business, 21Vianet considers and uses the following non-GAAP measures as a supplemental measure to review and assess its operating performance: adjusted cash gross profit, adjusted cash gross margin, adjusted operating expenses, adjusted EBITDA, and adjusted EBITDA margin. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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