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GDS Holdings has announced financial results for the fourth quarter of 2024, highlighting a net revenue of RMB 2.691 billion, which signifies a 9.1% increase compared to the same period last year. Gross profit soared 33.5% to RMB 578 million, while adjusted EBITDA grew 13.9% to RMB 1.298 billion. Notably, the company achieved a net profit of approximately RMB 4.112 billion, marking a significant turnaround from a loss to a profit on a year-over-year basis. For the full year, cumulative net profit reached RMB 3.304 billion. Looking ahead, GDS Holdings projects total revenue for 2025 to range between RMB 11.29 billion and RMB 11.59 billion, with an anticipated adjusted EBITDA of between RMB 5.19 billion and RMB 5.39 billion. Capital expenditures for the year are estimated at approximately RMB 4.3 billion.
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