GDS-SW (09698) announced its first quarter performance, with a net profit of 2.652 billion yuan, a year-on-year increase of 247.1%.

GDS-SW (09698) releases its performance for the first quarter of 2026, with the group achieving a net income of 3.367 billion yuan, an increase of 23.6% compared to the same period last year; net profit of 2.652 billion yuan, an increase of 247.1% year-on-year; and basic earnings per ordinary share of 1.67 yuan. Mr. Huang Wei, Chairman and CEO of GDS, said: "We have started 2026 with strong sales, with a net increase of approximately 200MW in orders in the first quarter, achieving a record high for a single quarter. With the continuous rise in demand for artificial intelligence infrastructure, we believe GDS is well positioned to seize the growth opportunities in the next phase." Mr. Dan Newman, CFO, said: "In the first quarter, our revenue and adjusted EBITDA increased by 7.9% and 8.0% year-on-year (excluding some one-off projects). During this quarter, we further strengthened our financial position through the sale of DayOne shares and private placement of convertible preferred shares. These initiatives will help expand our core business and create sustainable long-term value for stakeholders." The company confirms that for the full year 2026, the previously announced total revenue guidance will be between 12.4 billion yuan and 12.9 billion yuan, adjusted EBITDA between 5.75 billion yuan and 6 billion yuan, and capital expenditures of approximately 9 billion yuan will remain unchanged.