Chindata reports Q3 revenue RMB 1.203B, a 62.4% year over year growth

Huapeng Wu, Chief Executive Officer of Chindata Group, commented, "The Company continued its solid business performance in the third quarter of 2022. The close collaboration between our team in China and South East Asia led to a record nine-straight-quarters of upbeat financial performance. Revenue in the first nine months of 2022 has surpassed the revenue in the full year of 2021, and we are raising our full year guidance for the second time this year. With the increasing demand for digital infrastructure globally, as well as the catalyst provided by the "East Data West Computation" policy, the Company sees its advantages in hyperscale business to be even more apparent. We will continue to do the right thing in the correct manner, to consistently build our capability, to strengthen our research & development, to enhance our competitive power and to operate our business in a prudent manner, so as to create long-term value for our clients, partners, investors and other stakeholders in a sustainable way."