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Year on year VNET Group Inc had net income fall 240.72% from a loss of 775.95m to a larger loss of 2.64bn despite a 4.92% increase in revenues from 7.07bn to 7.41bn. An increase in the selling, general and administrative costs as a percentage of sales from 13.50% to 15.33% was a component in the falling net income despite rising revenues.
| Gross margin | 18.67% |
|---|---|
| Net profit margin | -33.33% |
| Operating margin | -25.39% |
| Return on assets | -8.83% |
|---|---|
| Return on equity | -42.06% |
| Return on investment | -13.62% |
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Cash flow in CNYView more
In 2023, VNET Group Inc increased its cash reserves by 70.56%, or 2.11bn. Cash Flow from Financing totalled 3.94bn or 53.17% of revenues. In addition the company generated 2.06bn in cash from operations while cash used for investing totalled 3.91bn.
| Cash flow per share | -0.5718 |
|---|---|
| Price/Cash flow per share | -- |
| Book value per share | 3.22 |
|---|---|
| Tangible book value per share | 2.50 |
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Balance sheet in CNYView more
| Current ratio | 0.8651 |
|---|---|
| Quick ratio | -- |
| Total debt/total equity | 1.89 |
|---|---|
| Total debt/total capital | 0.6345 |
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