Vnet Group (VNET) Q4 2024 Earnings Call Transcript

Vnet Group (NASDAQ:VNET) Q4 2024 Earnings Conference Call March 12, 2025 8:00 AM ET

Company Participants

Xinyuan Liu – Head-Investor Relations
Ju Ma – Rotating President
Qiyu Wang – Chief Financial Officer

Conference Call Participants

Shuyun Che – CICC
Sara Wang – UBS
Yang Liu – Morgan Stanley
Edison Lee – Jefferies
Timothy Zhao – Goldman Sachs
Daley Li – Bank of America Securities

Operator

Thank you for standing by for the Fourth Quarter and Full Year 2024 Earnings Conference Call for VNET Group Incorporated. After the management's prepared remarks, there will be a question-and-answer session. Please note the Chinese line is in listen-only mode. [Operator Instructions] Participants from our management include Mr. Ju Ma, Rotating President; Mr. Qiyu Wang, Chief Financial Officer; Mr. Qi Yang, Senior Vice President; and Ms. Xinyuan Liu, Head of Investor Relations of the company. Please note that today's conference call is being recorded.

I will now turn the call over to the first speaker today, Ms. Xinyuan Liu. Please go ahead.

Xinyuan Liu

Thank you, operator. Hello, everyone, and welcome to our fourth quarter and full year 2024 earnings conference call. Our earnings release was distributed earlier today, and you can find a copy on our IR website as well as our Newswire services.

Please note that today's call will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. For detailed discussions of these risks and uncertainties, please refer to our latest annual report and other documents filed with the SEC. VNET does not undertake any obligations to update any forward-looking statements, except as required under applicable laws.

Please also note that VNET's earnings