GDS — GDS Holdings Income Statement

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Annual income statement for GDS Holdings, fiscal year end - December 31st, CNY millions except per share, conversion factor applied.

	2021 December 31st	R2022 December 31st	R2023 December 31st	2024 December 31st	2025 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	20-F	20-F	20-F	20-F	6-K
Standards:	USG	USG	USG	USG	—
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	7,819	9,268	9,782	10,322	11,432
Cost of Revenue
Gross Profit	1,779	1,951	1,951	2,223	2,585
Selling / General / Administrative Expenses
Research And Development
Depreciation and Amortization
Unusual Expense / Income
Total Operating Expenses	7,242	8,350	11,990	9,170	9,124
Operating Profit	577	918	-2,207	1,152	2,308
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	-949	-828	-3,942	-615	713
Provision for Income Taxes
Net Income After Taxes	-1,191	-1,105	-3,926	-771	243
Minority Interest
Equity in Affiliates
Net Income Before Extraordinary Items
Extraordinary Items
Net Income	-1,187	-1,269	-4,290	3,425	950
Adjustments to Net Income
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Diluted Net Income	-1,314	-1,510	-4,344	3,371	895
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	-0.907	-1.01	-1.38	-0.564	0.227