GDS Holdings Limited ADS - ADR Financials

$30.37

$-0.07 (-0.23%)

As on 16-Sep-2026 15:39EDT

Market cap

$6,176 Mln

Revenue (TTM)

$12,215 Mln

P/E Ratio

13.6

P/B Ratio

1.4

Div. Yield

0 %

Income Statement (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Operating Revenue	12,214.83	11,432.27	10,322.07	9,956.50	9,325.63	7,818.68
Cost of Revenue	9,297.54	8,846.86	8,099.44	8,034.05	7,389.77	6,039.25
Gross Profit	2,917.29	2,585.42	2,222.63	1,922.45	1,935.86	1,779.43
Operating Expenses	850.75	1,048.99	1,070.60	4,381.16	1,384.08	1,209.91
Operating Profit (EBIT)	2,066.54	1,536.43	1,151.99	-2,458.71	551.78	569.52
Other Income	--	--	--	--	--	--
Profit before Tax	4,286.13	1,429.08	-614.86	-4,300.17	-989.88	-948.75
Provision for Tax	526.47	469.72	156.05	-14.78	276.24	242.46
Profit after Tax (Net Income)	3,746.93	949.64	3,303.83	-4,290.05	-1,268.89	-1,187.22
Minority Interest	-12.80	-9.72	-6.21	-4.66	-192.56	4.00
Consolidated Profit	--	--	--	--	-1,509.89	-1,313.94

Liabilities (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Shareholder's Funds	32,352.37	26,856.77	23,538.70	19,958.23	24,068.06	24,473.84
Minority Interest	-12.80	--	--	--	--	--
Non-Current Liabilities	39,406.39	45,161.82	40,901.90	46,017.41	40,025.92	33,634.19
Current Liabilities	13,157.09	7,132.90	9,078.10	8,305.48	10,603.38	13,465.24
Total Liabilities	98,976.10	80,049.44	73,648.63	74,446.69	74,813.95	71,632.44

Assets (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Non-Current Assets	62,354.71	61,490.17	62,035.56	63,463.04	62,862.88	57,168.57
Current Assets	23,464.30	18,559.27	11,613.07	10,983.65	11,951.08	14,463.88
Total Assets	98,979.74	80,049.44	73,648.63	74,446.69	74,813.95	71,632.44
Total Debt*	47,394.66	47,554.32	44,459.67	47,993.39	44,684.70	37,790.36
Net Current Assets	10,303.57	11,419.10	2,534.97	2,678.18	1,347.70	998.63

Cashflow (CN¥ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Cash From Operating Activities	--	3,365.25	1.94	2,065.26	2,858.07	1,201.36
Cash Flow from Investing Activities	--	-3,040.00	-8.76	-6,326.19	-11,274.88	-13,691.54
Cash from Financing Activities	--	6,106.02	17.06	3,142.49	4,856.32	8,119.16
Net Cash Inflow / Outflow	--	--	--	--	--	--

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Adjusted EPS (CN¥)	14.20	4.89	142.48	-23.36	-6.93	-6.52
Cash EPS (CN¥)	--	23.25	287.08	-3.61	10.48	7.85
Adjusted Book Value (CN¥)	--	138.23	1,015.09	108.68	131.36	134.39
Dividend per Share (CN¥)	--	--	--	--	--	--
Cash Flow per Share (CN¥)	--	17.32	0.08	11.25	15.60	6.60
Free Cash Flow per Share (CN¥)	--	-6.83	-0.05	-22.81	-26.99	-46.66

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
ROCE (%)	--	1.33	4.86	-6.28	-1.94	-2.11
ROE (%)	12.61	3.77	15.19	-19.49	-5.23	-4.75
ROA (%)	4.00	1.24	4.46	-5.75	-1.73	-1.84
EBIT Margin (%)	29.04	21.89	11.16	-22.73	9.63	7.28
Net Margin (%)	30.68	8.31	32.01	-43.09	-13.61	-15.18
Cash Profit Margin (%)	--	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Revenue Growth (%)	11.72	0.11	0.04	0.07	0.19	0.36
EBIT Growth (%)	44.76	117.19	150.90	-352.02	57.68	-25.85
Net Profit Growth (%)	-20.10	-71.26	177.01	-238.09	-6.88	-73.31
EPS Growth (%)	-92.23	-0.97	7.10	-2.37	-0.06	-0.65
Book Value Growth (%)	9.97	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Debt to Equity	0.98	1.77	1.89	2.40	1.86	1.54
Short term debt to equity ratio	0.29	0.14	0.22	0.18	0.26	0.28
Current Ratio	1.78	2.60	1.28	1.32	1.13	1.07
Quick Ratio	1.78	--	--	1.30	1.13	0.91
Interest Coverage	3.80	1.40	0.60	-1.11	0.48	0.34

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21
Debtors to sales (%)	25.81	26.51	31.61	25.57	25.80	22.16
Asset Turnover	0.13	0.15	0.14	0.13	0.13	0.12
Receivable days	--	100.53	102.77	90.83	81.05	75.05
Inventory Days	--	--	9.79	4.93	54.79	74.63
Payable days	--	93.44	135.70	148.16	172.86	228.58
Cash Conversion Cycle	--	--	-23.14	-52.39	-37.02	-78.90

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Income Statement (CN¥ Mln)