GDS-SW (09698) released its second-quarter results, with a net profit of 838 million yuan, turning a profit year-on-year.

GDS-SW (09698) announced its second quarter results for the three months ending June 30, 2026, with net revenue increasing by 6.5% year-on-year to RMB 3.088 billion; net profit was RMB 838 million, compared to a net loss of RMB 70.584 million in the same period last year; basic earnings per share were RMB 0.52. As of the end of the second quarter of 2026, the total signed and pre-signed area was 784,802 square meters, representing a year-on-year increase of 18.2% compared to 663,959 square meters at the end of the second quarter of 2025 and a quarter-on-quarter increase of 8.2% compared to 725,485 square meters at the end of the first quarter of 2026. In the second quarter of 2026, the total signed area grew by 64,750 square meters. The net increase in the total signed area was 59,317 square meters. Mr. Huang Wei, Chairman and CEO of GDS, stated: We delivered solid financial and operational results in the second quarter of 2026, reflecting our ongoing commitment to rigorous execution. In this quarter, while accelerating the delivery of backlog orders, we maintained a high level of net new orders. At present, we expect to achieve record sales commitments this year, significantly exceeding our original targets. We are very excited about the opportunities presented in the Chinese market, primarily driven by demand from artificial intelligence. We are confident in capturing these tremendous opportunities and expanding our business on a large scale. Mr. Dan Newman, Chief Financial Officer, said: In the second quarter, our revenue and adjusted EBITDA grew by 6.5% and 2.5% year-on-year, respectively, with an adjusted EBITDA margin of 45.5%. With our financial position and funding capacity strengthened to support our business expansion, we will continue to focus on creating sustainable long-term value for our business partners and shareholders.