Chindata Group Reports Third Quarter 2021 Unaudited Financial Results
Chindata Group Holdings Limited - American Depositary Shares (CD)
Company Research
Source: GlobeNewswire
BEIJING, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its unaudited financial results for the third quarter of 2021. To supplement the Company’s consolidated financial results presented in accordance with U.S. GAAP, Chindata Group uses adjusted EBITDA, adjusted EBITDA margin, adjusted net income and adjusted net income margin as non-GAAP financial measures, which are described further below. Recent Financial and Operating Highlights Major breakthrough achieved in client diversification. The Company's constant effort on client diversification is yielding steady results, with major breakthrough achieved recently. In China, the Company recently won the bidding and received a confirmed demand of 27MW capacity from a leading Chinese cloud computing service provider.Solid progress in overseas business.
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