A developer and operator of high-performance data centers in China, GDS (short for Global Data Solutions) builds and runs the big, power-dense facilities where cloud providers and large enterprises house their servers. Founded in 2001 by William Wei Huang, the company began by offering disaster-recovery services to financial firms before growing into China's largest carrier-neutral data center operator. Huang previously worked at the software company behind StockStar.com, a popular Chinese finance website, before striking out on his own.
GDS Holdings reports Q2 2026 net income of RMB837.6 million, reversing year-ago loss
Net revenue rose 6.5% year-over-year to RMB3,088.0 million (US$455.1 million) in Q2 2026.
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Net income was RMB837.6 million (US$123.5 million) versus a net loss of RMB70.6 million in Q2 2025, driven partly by a dilution gain from DayOne's Series C financing.
Adjusted EBITDA increased 2.5% year-over-year to RMB1,406.0 million (US$207.2 million), with margin at 45.5%.
Total area committed and pre-committed grew 18.2% year-over-year to 784,802 sqm; utilization rate was 79.2%.
Company raised full-year 2026 revenue guidance to RMB12,700–13,000 million and capex guidance to around RMB10,000 million.
GDS Holdings Limited published its 2025 Sustainability Report on July 28, 2026, highlighting progress on decarbonization and sustainability.
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The company raised its renewable energy usage rate to 60% in 2025, with direct green power purchases up over 60% year-over-year.
GDS improved its average Power Usage Effectiveness (PUE) from 1.24 in 2024 to 1.23, and 90% of its self-developed data centers meet green building standards.
Carbon intensity fell 23.1% compared to the 2023 baseline, and the company launched China's first pilot converting waste cooking oil into biodiesel for backup power.
GDS's MSCI ESG rating was upgraded from A to AAA, and it retained its Moody's NZA-2 rating, remaining the only data center company to pass that net-zero assessment.
GDS Holdings to hold 2026 Annual General Meeting on June 25, 2026
The record date for voting is June 4, 2026; holders of ordinary shares, Series A and B convertible preferred shares, and ADS holders (through JPMorgan) are eligible.
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GDS Holdings Limited announced its 2026 Annual General Meeting of Shareholders will be held on June 25, 2026 at 4:00 p.m. China Standard Time in Shanghai.
Proposals include re-electing Gary J. Wojtaszek and Hua (Kathy) Chen as directors, electing David Zhang as a director, extending the 2016 Equity Incentive Plan by three years, and confirming KPMG Huazhen LLP as auditor.
Shareholders will also vote on authorizing the Board to allot or issue up to 30% of existing issued share capital within 12 months, excluding certain conversions.
The company filed its annual report on Form 20-F for fiscal year 2025 on April 29, 2026.
GDS Holdings sets June 4, 2026 record date for annual general meeting
Holders of ordinary shares, Series A convertible preferred shares, and Series B convertible preferred shares as of the record date may attend and vote.
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The record date for shareholders to vote at the annual general meeting is close of business on June 4, 2026, Hong Kong time.
ADS holders as of June 4, 2026, New York time may instruct JP Morgan Chase Bank, N.A. on voting the underlying Class A ordinary shares.
ADS holders who cancel ADSs on June 4, 2026, New York time will not be able to vote at the meeting.
The date and location of the meeting will be provided in a later notice to shareholders and ADS holders.