Name: VNET Group, Inc. (VNET) Financial Statements
Creator: FinSpry

VNET Group Income Statement Analysis

Revenue, earnings, and profit margins in billions CNY

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VNET Group, Inc. income statement - Annual data in billions CNY
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	8.26	7.41	7.07	6.19	4.83
Cost of Revenue	6.43	6.12	5.71	4.75	3.75
Gross Profit	1.83	1.29	1.36	1.44	1.08
Operating Expenses
Research & Development	0.25	0.32	0.31	0.19	0.11
Selling, General & Administrative	0.92	0.81	0.95	1.10	0.77
Operating Expenses	1.16	1.39	1.24	1.30	0.88
Operating Income	0.67	-0.10	0.12	0.13	0.20
Other Income/Expense
Interest Income	0.03	0.04	0.03	0.03	0.03
Interest Expense	-0.40	0.31	0.27	0.33	-0.38
Other Income/Expense	0.03	-2.12	-0.51	0.83	-0.02
Income
Income Before Tax	0.48	-2.49	-0.63	0.67	-2.57
Income Tax Expense	0.23	0.11	0.13	0.11	0.11
Net Income	0.18	-2.64	-0.78	0.50	-2.71
Net Income - Continuous Operations	0.25	-2.60	-0.76	0.52	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	2.27	-0.37	1.24	2.27	1.19
EBIT	0.67	-2.17	-0.36	1.00	0.20
Depreciation & Amortization	1.60	1.81	1.60	1.27	0.99
Earnings Per Share
Basic EPS	1.00	-18.00	-5.00	3.00	-27.00
Diluted EPS	-	-18.00	-5.00	-2.00	-27.00
Basic Shares Outstanding	0.27	0.15	0.15	0.14	0.12
Diluted Shares Outstanding	0.29	0.15	0.15	0.15	0.12