Chindata Group Holdings Limited (CD) reported third quarter net income of RMB 78.4 million compared to a net loss of RMB 196.8 million, last year. Profit per ADS was RMB 0.22. Adjusted net income increased by 132.2% to RMB 112.0 million. Adjusted EBITDA increased by 61.6% to RMB 368.4 million.
Total revenues increased by 58.5% to RMB 740.8 million from RMB 467.5 million, prior year, primarily driven by the growth of colocation services.
The company reiterated its guidance for full year 2021.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.