Chindata reports Q2 EPS RMB 0.30 vs. RMB 0.27 last year

Reports Q2 revenue RMB 1.55B vs. RMB 1.04B last year. Huapeng Wu, Chief Executive Officer of Chindata Group, commented, “In the second quarter of 2023, Chindata continued to maintain a vigorous growth momentum. We deeply participated in the digital economic development of China and the Asia-Pacific emerging markets, building two major growth engines at home and abroad, and in-serivce and utilized capacity in the overseas market reached more than 5 times that of the same period last year. At the same time, we accumulated technology innovation bit by bit, supported sustainable growth with technology, and promoted high-quality upgrading of business. By the end of the second quarter, the number of patents obtained and applied for by the group reached 493, which is 1.37 times that of the same period last year. We have successfully developed a systematic and full-stack AI Generated Content (“AIGC”) data center solution, seizing the new opportunities brought about by the new round of technological revolution in the industry.”