21Vianet Group, Inc. Reports Unaudited Second Quarter 2021 Financial Results

BEIJING, August 24, 2021 -- 21Vianet Group, Inc. (Nasdaq: VNET) ('21Vianet' or the 'Company'), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. The Company will hold a conference call at 8:00 P.M. on Tuesday, August 24, 2021, U.S. Eastern Time to discuss the financial results. Dial-in details are provided at the end of this release.

Second Quarter 2021 Financial Highlights

· Net revenues in the second quarter of 2021 increased by 30.8% to RMB1.50 billion (US$231.9 million) from RMB1.14 billion in the same period of 2020.
· Adjusted cash gross profit (non-GAAP) in the second quarter of 2021 increased by 36.9% to RMB640.2 million (US$99.2 million) from RMB467.6 million in the same period of 2020. Adjusted cash gross margin (non-GAAP) in the second quarter of 2021 was 42.8%, compared to 40.9% in the same period of 2020.
· Adjusted EBITDA (non-GAAP) in the second quarter of 2021 increased by 38.7% to RMB425.1 million (US$65.8 million) from RMB306.4 million in the same period of 2020. Adjusted EBITDA margin (non-GAAP) in the second quarter of 2021 was 28.4%, compared to 26.8% in the same period of 2020.

Second Quarter 2021 Operational Highlights

· Total cabinets under management net increased by 6,950 to 62,876, as of June 30, 2021, compared to 55,926 as of March 31, 2021, and 44,050 as of June 30, 2020.
· Retail IDC MRR1 per cabinet was RMB9,015, compared to RMB8,953 in the same period of 2020 and RMB9,144 in the first quarter of 2021.
· Compound utilization rate was 59.9%, compared to 61.7% in the first quarter of 2021.
o Utilization rate for mature IDCs, which consisted of IDC deliveries prior to and during 2019, was 76.3%, compared to a utilization rate for mature IDCs of 73.9% in the first quarter of 2021.
o Utilization rate for ramp-up and newly-built IDCs, which consisted of IDC deliveries in 2020 and 2021, was 29.2%, compared to a utilization rate for ramp-up and newly-built IDCs of 30.6% in the first quarter of 2021.

Mr. Samuel Shen, Chief Executive Officer and Executive Chairman of Retail IDC, stated, 'We are delighted to report another strong quarter. Our dual-core growth engine, diversified customer base, and strong IDC market demand continued to fuel organic growth in our cabinet deliveries for the first half of 2021. Based on our leading market position and dual-core growth engine of retail and wholesale IDC solutions, we are confident that we will acquire more customers from various sectors, further diversify our revenue streams, sustain our growth, and generate lasting shareholder value going forward.'

Mr. Tim Chen, Chief Financial Officer of the Company, commented, 'In the second quarter, our net revenues and adjusted EBITDA rose by 30.8% and 38.7% year over year respectively, both exceeding the high end of our previously announced guidance range. Leveraging our strong balance sheet and dual-core growth strategy, we are well-positioned to further capitalize on robust IDC market demand and endorsements from a number of diversified customers to strengthen our leading position in the IDC market and accelerate growth in the quarters ahead.'

1 Retail IDC MRR: Refers to Monthly Recurring Revenues for the retail IDC business.

1

Second Quarter 2021 Financial Results

NET REVENUES: Net revenues in the second quarter of 2021 increased by 30.8% to RMB1.50 billion (US$231.9 million) from RMB1.14 billion in the second quarter of 2020, representing an increase of 7.9% from RMB1.39 billion in the first quarter of 2021. This increase was mainly due to the increased revenue from both wholesale and retail IDC customers, as well as the growth of revenue from cloud business.

GROSS PROFIT: Gross profit in the second quarter of 2021 was RMB359.5 million (US$55.7 million), representing an increase of 32.0% from RMB272.3 million in the same period of 2020 and an increase of 11.2% from RMB323.3 million in the first quarter of 2021. Gross margin in the second quarter of 2021 was 24.0%, compared to 23.8% in the same period of 2020 and 23.3% in the first quarter of 2021. The increase in gross margin was primarily attributable to the Company's continued efforts in improving operational efficiency.

ADJUSTED CASH GROSS PROFIT, which excludes depreciation, amortization, and share-based compensation expenses, was RMB640.2 million (US$99.2 million) in the second quarter of 2021, compared to RMB467.6 million in the same period of 2020 and RMB605.3 million in the first quarter of 2021. Adjusted cash gross margin in the second quarter of 2021 was 42.8%, compared to 40.9% in the same period of 2020 and 43.6% in the first quarter of 2021.

OPERATING EXPENSES: Total operating expenses in the second quarter of 2021 were RMB262.5 million (US$40.7 million), compared to RMB193.5 million in the same period of 2020 and RMB243.2 million in the first quarter of 2021. As a percentage of net revenues, total operating expenses in the second quarter of 2021 were 17.5%, compared to 16.9% in the same period of 2020 and 17.5% in the first quarter of 2021.

Sales and marketing expenses in the second quarter of 2021 were RMB59.6 million (US$9.2 million), compared to RMB51.7 million in the same period of 2020 and RMB74.0 million in the first quarter of 2021.

Research and development expenses in the second quarter of 2021 were RMB38.3 million (US$5.9 million), compared to RMB23.7 million in the same period of 2020 and RMB33.6 million in the first quarter of 2021.

General and administrative expenses in the second quarter of 2021 were RMB154.2 million (US$23.9 million), compared to RMB119.5 million in the same period of 2020 and RMB135.2 million in the first quarter of 2021.

ADJUSTED OPERATING EXPENSES, which exclude share-based compensation expenses and impairment of loan receivable to potential investee, were RMB235.6 million (US$36.5 million) in the second quarter of 2021, compared to RMB182.5 million in the same period of 2020 and RMB212.5 million in the first quarter of 2021. As a percentage of net revenues, adjusted operating expenses in the second quarter of 2021 were 15.7%, compared to 15.9% in the same period of 2020 and 15.3% in the first quarter of 2021.

ADJUSTED EBITDA: Adjusted EBITDA in the second quarter of 2021 was RMB425.1 million (US$65.8 million), representing an increase of 38.7% from RMB306.4 million in the same period of 2020 and an increase of 2.4% from RMB415.1 million in the first quarter of 2021. Adjusted EBITDA in the second quarter of 2021 excluded share-based compensation expenses of RMB27.5 million (US$4.3 million). Adjusted EBITDA margin in the second quarter of 2021 was 28.4%, compared to 26.8% in the same period of 2020 and 29.9% in the first quarter of 2021.

NET PROFIT/LOSS: Net profit attributable to ordinary shareholders in the second quarter of 2021 was RMB455.9 million (US$70.6 million), compared to a net loss of RMB2.12 billion in the same period of 2020 and a net loss of RMB84.7 million in the first quarter of 2021. Net profit attributable to ordinary shareholders in the second quarter of 2021 mainly included changes in the fair value of convertible promissory notes of RMB424.1 million (US$65.7 million) due to the drop in the Company's stock price.

2

PROFIT PER SHARE: Basic and diluted profit per share were RMB0.52 (US$0.08) and RMB0.04 (US$0.01) in the second quarter of 2021, respectively, which represent the equivalent of RMB3.12 (US$0.48) and RMB0.24 (US$0.06) per American depositary share ('ADS'), respectively. Each ADS represents six Class A ordinary shares. Diluted profit per share is calculated using net profit attributable to ordinary shareholders divided by the weighted average number of diluted shares outstanding.

As of June 30, 2021, the aggregate amount of the Company's cash and cash equivalents, restricted cash, and short-term investments was RMB5.03 billion (US$779.7 million).

Net cash generated from operating activities in the second quarter of 2021 was RMB314.8 million (US$48.8 million), compared to RMB161.8 million in the same period of 2020 and RMB274.5 million in the first quarter of 2021.

Financial Outlook

For the third quarter of 2021, the Company expects net revenues to be in the range of RMB1.53 billion to RMB1.55 billion. Adjusted EBITDA is expected to be in the range of RMB420 million to RMB440 million.

For the full year of 2021, the Company expects net revenues to be in the range of RMB6.10 billion to RMB6.30 billion. Adjusted EBITDA is expected to be in the range of RMB1.68 billion to RMB1.78 billion. The midpoints of the Company's updated estimates imply an increase of 28.4% and 30.7% year over year in net revenues and adjusted EBITDA, respectively.

The forecast reflects the Company's current and preliminary views on the market and its operational conditions, which do not factor in any of the potential future impacts caused by the ongoing COVID-19 pandemic, and are subject to change.

Conference Call

The Company will hold a conference call at 8:00 P.M. on Tuesday, August 24, 2021, U.S. Eastern Time, or 8:00 A.M. on Wednesday, August 25, 2021 Beijing Time, to discuss the financial results.

In advance of the conference call, all participants must use the following link to complete the online registration process to receive a unique registrant ID and a set of participant dial-in numbers to join the conference call.

Conference ID: 5585337
Registration Link: http://apac.directeventreg.com/registration/event/5585337
The replay will be accessible through September 1, 2021, by dialing the following numbers:
United States Toll Free: +1-855-452-5696
International: +61-2-8199-0299
Conference ID: 5585337

3

A live and archived webcast of the conference call will be available through the Company's investor relations website at http://ir.21vianet.com.

Non-GAAP Disclosure

In evaluating its business, 21Vianet considers and uses the following non-GAAP measures defined as non-GAAP financial measures by the Securities and Exchange Commission as a supplemental measure to review and assess its operating performance: adjusted cash gross profit, adjusted cash gross margin, adjusted operating expenses, adjusted EBITDA and adjusted EBITDA margin. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned 'Reconciliations of GAAP and non-GAAP results' set forth at the end of this press release.

The non-GAAP financial measures are provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the Company's current financial performance and prospects for the future. These non-GAAP financial measures should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for, or superior to, U.S. GAAP results. In addition, the Company's calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.

Exchange Rate

This announcement contains translations of certain RMB amounts into U.S. dollars ('USD') at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.4566 to US$1.00, the noon buying rate in effect on June 30, 2021, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.

Statement Regarding Unaudited Condensed Financial Information

The unaudited financial information set forth above is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company's year-end audit, which could result in significant differences from this preliminary unaudited condensed financial information.

About 21Vianet

21Vianet Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. 21Vianet provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security and speed of its customers' Internet infrastructure. Customers may locate their servers and equipment in 21Vianet's data centers and connect to China's Internet backbone. 21Vianet operates in more than 20 cities throughout China, servicing a diversified and loyal base of over 6,000 hosting and related enterprise customers that span numerous industries ranging from Internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

4

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'target,' 'believes,' 'estimates' and similar statements. Among other things, quotations from management in this announcement as well as 21Vianet's strategic and operational plans contain forward-looking statements. 21Vianet may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 21Vianet's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 21Vianet's goals and strategies; 21Vianet's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, 21Vianet's services; 21Vianet's expectations regarding keeping and strengthening its relationships with customers; 21Vianet's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where 21Vianet provides solutions and services. Further information regarding these and other risks is included in 21Vianet's reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and 21Vianet undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contacts:

21Vianet Group, Inc.
Xinyuan Liu
+86 10 8456 2121
IR@21Vianet.com

Julia Jiang
+86 10 8456 2121
IR@21Vianet.com

ICR, LLC
Robin Yang
+1 (646) 405-4922
IR@21Vianet.com

5

21VIANET GROUP, INC.

CONSOLIDATED BALANCE SHEETS

(Amount in thousands of Renminbi ('RMB') and US dollars ('US$'))

As of As of
December 31, 2020 June 30, 2021
RMB RMB US$
(Audited) (Unaudited) (Unaudited)
Assets 6.4566
Current assets:
Cash and cash equivalents 2,710,349 4,603,653 713,015
Restricted cash 270,450 286,303 44,343
Accounts and notes receivable, net 847,233 1,243,053 192,524
Short-term investments 285,872 12,920 2,001
Prepaid expenses and other current assets 1,866,184 1,819,808 281,853
Amounts due from related parties 75,519 73,595 11,398
Total current assets 6,055,607 8,039,332 1,245,134
Non-current assets:
Property and equipment, net 8,106,425 8,473,036 1,312,306
Intangible assets, net 658,195 641,252 99,317
Land use rights, net 255,373 305,276 47,281
Operating lease right-of-use assets, net 1,325,526 1,279,138 198,113
Goodwill 994,993 994,993 154,105
Restricted cash 135,638 131,534 20,372
Deferred tax assets 185,481 183,407 28,406
Long-term investments 135,517 115,515 17,891
Amounts due from related parties 20,562 - -
Other non-current assets 1,500,438 1,720,502 266,472
Total non-current assets 13,318,148 13,844,653 2,144,263
Total assets 19,373,755 21,883,985 3,389,397
Liabilities and Shareholders' Equity
Current liabilities:
Short-term bank borrowings 34,000 - -
Accounts and notes payable 289,387 432,257 66,948
Accrued expenses and other payables 1,631,563 1,443,884 223,629
Advances from customers 1,041,594 980,088 151,796
Deferred revenue 63,245 63,311 9,806
Income taxes payable 29,028 35,992 5,574
Amounts due to related parties 51,007 2,595 402
Current portion of long-term borrowings 180,328 233,448 36,156
Current portion of finance lease liabilities 403,843 389,000 60,248
Current portion of deferred government grant 2,074 2,074 321
Current portion of bonds payable 1,943,619 1,932,905 299,369
Current portion of operating lease liabilities 452,272 372,007 57,617
Total current liabilities 6,121,960 5,887,561 911,866
Non-current liabilities:
Long-term borrowings 886,996 1,593,557 246,811
Convertible promissory notes 3,014,057 4,732,739 733,008
Non-current portion of finance lease liabilities 688,128 1,071,404 165,939
Unrecognized tax benefits 68,696 71,835 11,126
Deferred tax liabilities 299,093 293,632 45,478
Non-current portion of deferred government grant 4,100 3,196 495
Amounts due to related parties 747,746 - -
Non-current portion of operating lease liabilities 645,499 946,898 146,656
Total non-current liabilities 6,354,315 8,713,261 1,349,513
Shareholders' equity
Treasury stock (349,523 ) (349,523 ) (54,134 )
Ordinary shares 56 59 9
Additional paid-in capital 13,083,119 14,995,378 2,322,488
Accumulated other comprehensive loss (55,535 ) (63,254 ) (9,797 )
Statutory reserves 74,462 74,462 11,533
Accumulated deficit (7,235,113 ) (7,721,978 ) (1,195,982 )
Series A perpetual convertible preferred shares 1,047,468 - -
Total 21Vianet Group, Inc. shareholders' equity 6,564,934 6,935,144 1,074,117
Noncontrolling interest 332,546 348,019 53,901
Total shareholders' equity 6,897,480 7,283,163 1,128,018
Total liabilities and shareholders' equity 19,373,755 21,883,985 3,389,397
- -

21VIANET GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Amount in thousands of Renminbi ('RMB') and US dollars ('US$') except for number of shares and per share data)

Three months ended Six months ended
June 30, 2020 March 31, 2021 June 30, 2021 June 30, 2020 June 30, 2021
RMB RMB RMB US$ RMB RMB US$
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
Net revenues 1,144,061 1,386,923 1,496,978 231,852 2,234,858 2,883,901 446,659
Cost of revenues (871,729 ) (1,063,611 ) (1,137,463 ) (176,171 ) (1,728,415 ) (2,201,074 ) (340,903 )
Gross profit 272,332 323,312 359,515 55,681 506,443 682,827 105,756
Operating expenses
Sales and marketing (51,652 ) (73,976 ) (59,589 ) (9,229 ) (100,362 ) (133,565 ) (20,687 )
Research and development (23,665 ) (33,565 ) (38,296 ) (5,931 ) (44,649 ) (71,861 ) (11,130 )
General and administrative (119,494 ) (135,246 ) (154,243 ) (23,889 ) (244,696 ) (289,489 ) (44,836 )
Reversal (allowance) for doubtful debt 1,338 (393 ) (7,527 ) (1,166 ) (1,183 ) (7,920 ) (1,227 )
Impairment of loan receivable to potential investee - - (2,816 ) (436 ) - (2,816 ) (436 )
Total operating expenses (193,473 ) (243,180 ) (262,471 ) (40,651 ) (390,890 ) (505,651 ) (78,316 )
Operating profit 78,859 80,132 97,044 15,030 115,553 177,176 27,440
Interest income 11,713 5,709 8,103 1,255 21,095 13,812 2,139
Interest expense (102,742 ) (84,479 ) (87,095 ) (13,489 ) (205,000 ) (171,574 ) (26,573 )
Other income 8,197 2,172 5,263 815 9,056 7,435 1,152
Other expense (2,158 ) (3,422 ) (11,872 ) (1,839 ) (23,991 ) (15,294 ) (2,369 )
Changes in the fair value of convertible promissory notes (1,612,054 ) (8,641 ) 424,107 65,686 (1,612,054 ) 415,466 64,347
Foreign exchange gain (loss) 275 (33,846 ) 78,026 12,085 (41,472 ) 44,180 6,843
(Loss) gain before income tax and loss from equity method investments (1,617,910 ) (42,375 ) 513,576 79,543 (1,736,813 ) 471,201 72,979
Income tax expenses (20,410 ) (37,299 ) (29,499 ) (4,569 ) (42,896 ) (66,798 ) (10,346 )
Loss from equity method investments (10,457 ) (1,305 ) (23,605 ) (3,656 ) (6,590 ) (24,910 ) (3,858 )
Net (loss) profit (1,648,777 ) (80,979 ) 460,472 71,318 (1,786,299 ) 379,493 58,775
Net gain attributable to noncontrolling interest (3,573 ) (3,680 ) (4,620 ) (716 ) (4,814 ) (8,300 ) (1,286 )
Net (loss) profit attributable to 21Vianet Group, Inc (1,652,350 ) (84,659 ) 455,852 70,602 (1,791,113 ) 371,193 57,489
Deemed distribution to Series A perpetual convertible preferred shareholders (470,643 ) - - - (470,643 ) - -
Net (loss) profit attributable to the Company's ordinary shareholders (2,122,993 ) (84,659 ) 455,852 70,602 (2,261,756 ) 371,193 57,489
(Loss) profit per share
Basic (3.21 ) (0.10 ) 0.52 0.08 (3.42 ) 0.42 0.07
Diluted (3.21 ) (0.10 ) 0.04 0.01 (3.42 ) (0.05 ) (0.01 )
Shares used in (loss) profit per share computation
Basic* 660,949,226 860,540,297 869,645,966 869,645,966 660,543,890 863,960,057 863,960,057
Diluted* 660,949,226 860,540,297 905,446,557 905,446,557 660,543,890 905,136,178 905,136,178
(Loss) profit per ADS (6 ordinary shares equal to 1 ADS)
Basic (19.26 ) (0.60 ) 3.12 0.48 (20.52 ) 2.52 0.42
Diluted (19.26 ) (0.60 ) 0.24 0.06 (20.52 ) (0.30 ) (0.06 )

* Shares used in (loss) profit per share/ADS computation were computed under weighted average method.

21VIANET GROUP, INC.

RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(Amount in thousands of Renminbi ('RMB') and US dollars ('US$'))

Three months ended Six months ended
June 30, 2020 March 31, 2021 June 30, 2021 June 30, 2020 June 30, 2021
RMB RMB RMB US$ RMB RMB US$
Gross profit 272,332 323,312 359,515 55,681 506,443 682,827 105,756
Plus: depreciation and amortization 194,651 277,851 277,288 42,946 377,207 555,139 85,980
Plus: share-based compensation expenses 569 4,126 3,444 533 1,029 7,570 1,172
Adjusted cash gross profit 467,552 605,289 640,247 99,160 884,679 1,245,536 192,908
Adjusted cash gross margin 40.9 % 43.6 % 42.8 % 42.8 % 39.6 % 43.2 % 43.2 %
Operating expenses (193,473 ) (243,180 ) (262,471 ) (40,651 ) (390,890 ) (505,651 ) (78,316 )
Plus: share-based compensation expenses 11,005 30,729 24,063 3,727 30,633 54,792 8,486
Plus: impairment of loan receivable to potential investee - - 2,816 436 - 2,816 436
Adjusted operating expenses (182,468 ) (212,451 ) (235,592 ) (36,488 ) (360,257 ) (448,043 ) (69,394 )
Operating profit 78,859 80,132 97,044 15,030 115,553 177,176 27,440
Plus: depreciation and amortization 215,981 300,105 297,738 46,114 418,588 597,843 92,594
Plus: share-based compensation expenses 11,574 34,855 27,507 4,260 31,662 62,362 9,659
Plus: impairment of loan receivable to potential investee - - 2,816 436 - 2,816 436
Adjusted EBITDA 306,414 415,092 425,105 65,840 565,803 840,197 130,129
Adjusted EBITDA margin 26.8 % 29.9 % 28.4 % 28.4 % 25.3 % 29.1 % 29.1 %

21VIANET GROUP, INC.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Amount in thousands of Renminbi ('RMB') and US dollars ('US$'))

Three months ended
June 30, 2020 March 31, 2021 June 30, 2021
RMB RMB RMB US$
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) profit (1,648,777 ) (80,979 ) 460,472 71,318
Adjustments to reconcile net (loss) profit to net cash generated from operating activities:
Depreciation and amortization 215,981 300,105 297,738 46,114
Stock-based compensation expenses 11,574 34,855 27,507 4,260
Others 1,776,114 186,399 (344,711 ) (53,389 )
Changes in operating assets and liabilities
Accounts and notes receivable (79,036 ) (203,432 ) (198,696 ) (30,774 )
Prepaid expenses and other current assets (126,703 ) (195,171 ) 324,091 50,195
Accounts and notes payable (37,021 ) 108,832 34,035 5,271
Accrued expenses and other payables 41,951 123,047 (1,761 ) (273 )
Deferred revenue (18,731 ) (4,162 ) 4,228 655
Advances from customers 29,340 119,045 (180,551 ) (27,964 )
Others (2,905 ) (114,086 ) (107,546 ) (16,657 )
Net cash generated from operating activities 161,787 274,453 314,806 48,756
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment (478,231 ) (675,486 ) (430,071 ) (66,610 )
Purchases of intangible assets (15,707 ) (7,522 ) (17,672 ) (2,737 )
Proceeds from investments 68,989 61,432 139,711 21,638
Proceeds from (payments for) other investing activities 9,484 761 (214,308 ) (33,192 )
Net cash used in investing activities (415,465 ) (620,815 ) (522,340 ) (80,901 )
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank borrowings 219,978 718,636 33,623 5,208
Repayments of bank borrowings (16,000 ) (34,000 ) (30,300 ) (4,693 )
Payments for finance lease (73,165 ) (110,480 ) (241,709 ) (37,436 )
Proceed from issuance of convertible promissory notes 509,577 3,797,090 - -
Proceed from Series A perpetual convertible preferred shares 1,058,325 - - -
Payment for shares repurchase - - (1,701,807 ) (263,576 )
Proceeds from (payments for) other financing activities 107,796 (29,387 ) 52,418 8,120
Net cash generated from (used in) financing activities 1,806,511 4,341,859 (1,887,775 ) (292,377 )
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 10,778 65,770 (60,905 ) (9,433 )
Net increase (decrease) in cash, cash equivalents and restricted cash 1,563,610 4,061,267 (2,156,214 ) (333,955 )
Cash, cash equivalents and restricted cash at beginning of period 3,258,757 3,116,437 7,177,704 1,111,685
Cash, cash equivalents and restricted cash at end of period 4,822,367 7,177,704 5,021,490 777,730

Attachments

  • Original document
  • Permalink

Disclaimer

21Vianet Group Inc. published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 23:23:11 UTC.