VNET FY25 net revenue rises 20.5% to RMB 9.9 billion; net loss RMB 133.4 million

• VNET posted a net loss of RMB 133.4 million for fiscal 2025, reversing net income of RMB 248.4 million a year earlier.
• Net revenues rose 20.5% to RMB 9.9 billion.
• Gross margin edged down 0.2 percentage point to 22%.
• Wholesale IDC capacity in service reached 889MW with 95.3% commitment and 70.1% utilization; retail IDC cabinets in service totaled 49,863 with 64% utilization.
• Net revenues growth was driven by expansion in wholesale IDC capacity in service.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VNET Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-044361), on April 16, 2026, and is solely responsible for the information contained therein.