15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | -CN¥252M | — | — | -4.0% | -0.6% | -CN¥5.7B | CN¥14.8B | CN¥5.5B |
| 2024 | — | CN¥183M | — | — | 2.9% | 0.6% | -CN¥2.9B | CN¥9.8B | CN¥1.5B |
| 2023 | — | -CN¥2.6B | — | — | -44.0% | -8.7% | -CN¥904M | CN¥5.9B | CN¥2.2B |
| 2022 | — | -CN¥776M | — | — | -11.7% | -2.9% | -CN¥555M | CN¥3.5B | CN¥2.7B |
| 2021 | — | CN¥500M | — | — | 6.9% | 2.2% | -CN¥1.3B | CN¥2.6B | CN¥1.4B |
| 2020 | — | -CN¥2.7B | — | — | -41.3% | -14.0% | -CN¥1.8B | CN¥1.1B | CN¥2.7B |
| 2019 | CN¥3.8B | -CN¥182M | 24.8% | 4.8% | -3.7% | -1.3% | -CN¥446M | CN¥347M | CN¥1.8B |
| 2018 | CN¥3.4B | -CN¥205M | 27.8% | 7.0% | -4.0% | -1.8% | CN¥270M | CN¥237M | CN¥2.4B |
| 2017 | CN¥3.4B | -CN¥773M | 22.4% | -40.3% | -15.3% | -7.8% | CN¥91M | CN¥308M | CN¥1.9B |
| 2016 | — | -CN¥634M | — | — | -10.3% | -5.1% | -CN¥517M | CN¥2.0B | CN¥1.3B |
| 2015 | — | -CN¥428M | — | — | -10.7% | -3.9% | — | CN¥418M | CN¥1.7B |
| 2014 | — | -CN¥348M | — | — | -15.8% | -3.6% | — | CN¥1.2B | CN¥644M |
| 2013 | — | -CN¥48M | — | — | -2.0% | -0.8% | — | CN¥1.3B | CN¥1.5B |
| 2012 | — | CN¥56M | — | — | 3.0% | 1.9% | -CN¥273M | CN¥408M | CN¥432M |
| 2011 | — | CN¥18M | — | — | 1.1% | 0.8% | -CN¥90M | CN¥100M | CN¥410M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Dec '24 | — | -CN¥11M | — | — | -0.2% | -0.0% | -CN¥921M | CN¥9.8B | CN¥1.5B |
| Dec '23 | — | -CN¥2.4B | — | — | -40.6% | -8.0% | -CN¥287M | CN¥5.9B | CN¥2.2B |
Over the past 5 years, VNET Group's revenue has grown 5.7% per year. These are computed facts, not advice.
As of FY2025, VNET Group reported CN¥14.8B of total debt against CN¥5.5B of cash; operating income covered interest expense 1.3×.
In FY2025, gross margin was —, operating margin —, and net margin —.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.