VNET Group (VNET) Stock Price

VNET Group Price

🇨🇳NASDAQ·CLOSED
78.07CNY
Market closed
Today +/-
-1.42 CNY
Today %
-1.80 %
PRO

VNET Group (VNET) — ISIN US90138A1034. The VNET Group stock price was 78.07 CNY in 2026. Revenue was 11.88 B CNY. Earnings were 636.07 M CNY. P/E ratio was 213.85. VNET Group operates in the Information technology sector.

VNET Group stock price

Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of VNET Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how VNET Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing VNET Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

VNET Group Stock Price History
DateVNET Group Price
2/27/202678.07 CNY
2/26/202679.49 CNY
2/25/202682.87 CNY
2/23/202677.54 CNY
2/20/202682.86 CNY
2/19/202685.77 CNY
2/17/202686.08 CNY
2/16/202695.00 CNY
2/12/202695.34 CNY
2/11/202696.93 CNY
2/10/202693.54 CNY
2/9/202683.39 CNY
2/8/202681.87 CNY
2/5/202677.38 CNY
2/4/202669.92 CNY
2/3/202670.95 CNY

VNET Group Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2009
313.6 M CNY
27.1 M CNY
-5.9 M CNY
Jan 1, 2010
525.2 M CNY
-232.8 M CNY
-255.4 M CNY
Jan 1, 2011
1.02 B CNY
14.9 M CNY
18.4 M CNY
Jan 1, 2012
1.52 B CNY
80.9 M CNY
56.3 M CNY
Jan 1, 2013
1.97 B CNY
41.8 M CNY
-48.2 M CNY
Jan 1, 2014
2.88 B CNY
-114.7 M CNY
-348.5 M CNY
Jan 1, 2015
3.63 B CNY
-284.2 M CNY
-428.1 M CNY
Jan 1, 2016
3.64 B CNY
-447.2 M CNY
-633.6 M CNY
Jan 1, 2017
3.39 B CNY
-200.3 M CNY
-772.7 M CNY
Jan 1, 2018
3.4 B CNY
237.5 M CNY
-205.1 M CNY
Jan 1, 2019
3.79 B CNY
182.2 M CNY
-182.3 M CNY
Jan 1, 2020
4.83 B CNY
198.2 M CNY
-2.71 B CNY
Jan 1, 2021
6.19 B CNY
133.4 M CNY
494.3 M CNY
Jan 1, 2022
7.07 B CNY
121.2 M CNY
-776 M CNY
Jan 1, 2023
7.41 B CNY
-100.02 M CNY
-2.64 B CNY

VNET Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Mar 5, 2026, 2:35 AM
 
REVENUE (B CNY)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B CNY)
NET INCOME (B CNY)
NET INCOME GROWTH (%)
SHARES (B)
DOCUMENTS
20092010201120122013201420152016201720182019202020212022202320242025e2026e2027e2028e2029e2030e2031e
0.310.531.021.521.972.883.633.643.393.43.794.836.197.077.418.261011.8814.2115.8617.0319.3124.54
67.7394.2949.4129.0046.2926.360.19-6.840.2711.4127.4528.1614.154.9111.4321.0618.8319.6011.627.4013.3327.11
26.8424.3827.0627.8926.2528.1623.4719.5622.3527.7624.7822.2823.2319.2217.4322.1818.3215.4212.8911.5510.759.497.47
0.080.130.280.430.520.810.850.710.760.940.941.081.441.361.291.831.831.831.831.831.831.831.83
-0.01-0.260.020.06-0.05-0.35-0.43-0.63-0.77-0.21-0.18-2.710.49-0.78-2.640.18-0.840.641.450000
5,000.00-107.06211.11-185.71625.0022.9947.9021.96-73.45-11.221,388.46-118.24-257.09240.59-106.92-560.66-175.44128.46
0.180.070.320.360.360.40.490.620.670.670.670.720.910.890.91.741.741.741.741.741.741.741.74
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales VNET Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue VNET Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare VNET Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares VNET Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against VNET Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

 
ASSETS
CASH BALANCE (B CNY)
RECEIVABLES (B CNY)
OTHER REC. (B CNY)
INVENTORIES (M CNY)
OTHER CURRENT LIAB. (B CNY)
CURRENT ASSETS (B CNY)
TANGIBLE ASSETS (B CNY)
LONG-T. INVEST. (M CNY)
LONG-T. REC. (M CNY)
INTANGIBLE ASSETS (B CNY)
GOODWILL (B CNY)
OTHER NON-CURRENT ASSETS (B CNY)
NON-CURRENT ASSETS (B CNY)
TOTAL ASSETS (B CNY)
LIABILITIES
COMMON STOCK (B CNY)
ADDITIONAL PAID-IN CAPITAL (B CNY)
RETAINED EARNINGS (M CNY)
OTHER EQUITY (M CNY)
UNREAL. GAINS/LOSSES (M CNY)
EQUITY (B CNY)
LIABILITIES (M CNY)
PROVISIONS (B CNY)
OTHER SHORT-TERM LIAB. (B CNY)
SHORT-TERM DEBTS (B CNY)
LONG-TERM DEBT PORTION (B CNY)
SHORT-TERM REC. (B CNY)
LONG-T. LIAB. (B CNY)
DEFERRED TAXES (M CNY)
OTHER LIAB. (B CNY)
LONG-T. LIABILITIES (B CNY)
DEBT (B CNY)
TOTAL CAPITAL (B CNY)
201020112012201320142015201620172018201920202021202220232024
               
0.081.310.662.561.561.791.582.52.62.1731.372.662.61.49
0.080.150.290.610.740.690.660.460.520.660.851.411.761.721.66
0.010.040.030.090.120.270.490.490.550.870.961.130.771.181.66
00001014412000000
0.020.060.290.340.440.712.430.811.531.261.411.864.322.01
0.191.551.263.62.873.475.164.254.685.236.065.327.059.826.82
0.20.450.821.43.043.653.783.324.036.679.4312.9615.4717.0421.83
085810712620229951154417013698242757.95794.69
000099700203421210000
0.160.160.30.341.41.270.980.40.360.410.660.91.51.381.4
0.170.220.30.411.761.761.760.990.990.9911.341.3600
0.010.010.230.280.350.420.450.420.520.792.082.471.321.381.5
0.530.851.722.536.777.387.265.666.479.0513.3217.7719.920.5625.54
0.722.42.986.139.6410.8512.429.9111.1514.2819.3723.126.9530.3932.36
               
00000000001.050000
0.513.283.33.954.236.49.028.989.149.213.0815.215.2417.2917.3
-1,344-1,402-1,346-1,394-1,743-2,171-2,804-3,591-3,796-3,978-7,161-7,516-8,292-10,935.71-10,752.51
1-55-57-83-66-24118-38678-56-9011-14.34-18.5
000000000000000
-0.831.821.892.472.424.216.335.395.435.36.917.596.966.346.53
5082110188386483530253390303289494714696.18709.26
0.020.120.040.130.30.340.440.370.360.780.771.291.631.661.7
0.090.130.280.361.121.281.020.821.11.992.52.772.7644.72
0.040.110.180.170.160.281.680.050.050.240.03000.030.59
0.020.030.210.211.030.440.70.280.31.172.530.631.235.051.63
0.210.460.811.062.992.824.381.782.194.476.125.186.3311.449.34
0.060.070.122.32.842.670.812.712.923.044.597.69.968.0411.2
38404579310293275191158203299348683688.36734.4
1.130.160.120.120.40.140.120.030.521.331.472.3633.74.16
1.220.270.282.53.553.11.22.933.64.576.3510.3113.6412.4316.09
1.440.731.093.566.545.925.574.715.799.0412.4815.4919.9723.8725.44
0.62.552.986.028.9610.1311.910.0911.2214.3519.3923.0926.9330.2131.96
Details

Balance Sheet

What Is the Balance Sheet?

The balance sheet is a financial snapshot of VNET Group at a specific point in time. It follows the fundamental equation: Assets = Liabilities + Shareholders' Equity. Unlike the income statement (which covers a period), the balance sheet tells you what the company owns, what it owes, and what belongs to shareholders at a given date.

Assets

Current assets (cash, receivables, inventory) can be converted to cash within 12 months and indicate short-term liquidity. Non-current assets (property, equipment, intangible assets, goodwill) represent long-term investments. A high proportion of cash and short-term investments gives VNET Group financial flexibility to weather downturns, fund acquisitions, or return capital to shareholders.

Liabilities

Current liabilities (accounts payable, short-term debt) are obligations due within one year. Non-current liabilities (long-term debt, pension obligations) are due further out. Key ratio to watch: the debt-to-equity ratio (Total Debt ÷ Shareholders' Equity). A ratio below 1.0 is generally healthy, meaning the company is funded more by equity than debt. Highly leveraged companies amplify both gains and losses.

Shareholders' Equity

Equity is the residual value belonging to shareholders after all debts are paid. It includes retained earnings (accumulated profits not paid out as dividends) and paid-in capital. Rising equity year over year is a positive sign — it means VNET Group is building book value. Declining equity, especially when driven by losses or heavy share buybacks funded by debt, warrants closer scrutiny.

Key Ratios to Derive

From the balance sheet, you can calculate the current ratio (current assets ÷ current liabilities; above 1.5 is comfortable), book value per share (equity ÷ shares outstanding), and return on equity (net income ÷ equity; above 15 % is strong). Tracking these ratios over time reveals whether VNET Group is strengthening or weakening its financial position.

 
NET INCOME (M CNY)
DEPRECIATION (B CNY)
DEFERRED TAXES (M CNY)
CHANGES IN WORKING CAPITAL (M CNY)
NON-CASH ITEM (B CNY)
PAID INTEREST (M CNY)
PAID TAXES (M CNY)
NET CASH FLOW FROM OPERATING ACTIVITIES (B CNY)
CAPITAL EXPENDITURES (M CNY)
CASH FLOW FROM INVESTING ACTIVITIES (M CNY)
CASH FLOW FROM OTHER INVESTING ACTIVITIES (M CNY)
INTEREST INCOME AND EXPENSES (M CNY)
NET DEBT CHANGE (B CNY)
NET CHANGE IN EQUITY (B CNY)
CASH FLOW FROM FINANCING ACTIVITIES (B CNY)
CASH FLOW FROM OTHER FINANCING ACTIVITIES (B CNY)
TOTAL DIVIDENDS PAID (M CNY)
NET CHANGE IN CASH FLOW (B CNY)
FREE CASH FLOW (M CNY)
SHARE-BASED COMPENSATION (M CNY)
2009201020112012201320142015201620172018201920202021202220232024
60-2344557-47-328-401-931-917-186-181-2,680515-762-2,597248
0.030.030.090.130.20.410.590.660.670.630.770.991.271.61.811.6
-5-9-18-9-19-28-20-65-128-19-64-22017-43-12
-1918-23-80-187-46-89-891301484-509-495382-66-309
-0.060.550.110.150.190.560.330.60.780.320.243.070.421.3230.63
0001062229242096161215284284222251434
000443832620555741102102159145211
00.080.170.170.060.330.220.060.490.710.80.711.392.442.062.01
-35-59-256-580-479-858-1,099-612-415-453-1,299-2,503-2,826-3,100-3,060-5,128
-340-1,268-175-1,507-2,261-370-841-833-304-1,612-3,889-3,772-3,559-3,905-4,390
058-1,011404-1,028-1,403729-228-418148-312-1,385-946-458-844737
0000000000000000
00.040.070.311.91.09-0.85-0.46-2.54-0.35-0.461.082.662.31.84-0.54
001.3800.48-0.051.952.47-0.1400.093.98-1.702.120
0.03-0.071.440.022.481.121.121.91-0.61-0.020.464.160.972.33.94-0.63
0.03-0.10-0.290.10.080.02-0.12.060.330.84-0.890.010-0.02-0.09
0000000000000000
-00.010.330.021.03-0.811.041.29-1.10.47-0.30.76-1.411.282.11-3.02
-32.222.1-90.5-406.7-414.8-533.3-883-554.972.2251.9-496.9-1,789.2-1,438.1-660.4-997.15-3,123.03
0000000000000000

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VNET Group Stock Quarterly Figures

 
REVENUE (B CNY)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M CNY)
NET INCOME (M CNY)
NET INCOME GROWTH (%)
SHARES (B)
2010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q32012 Q42013 Q12013 Q22013 Q32013 Q42014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q42016 Q12016 Q22016 Q32016 Q42017 Q12017 Q22017 Q32017 Q42018 Q12018 Q22018 Q32018 Q42019 Q12019 Q22019 Q32019 Q42020 Q12020 Q22020 Q32020 Q42021 Q12021 Q22021 Q32021 Q42022 Q12022 Q22022 Q32022 Q42023 Q12023 Q22023 Q32023 Q42024 Q12024 Q22024 Q32024 Q42025 Q12025 Q22025 Q32025 Q4e
0.090.110.120.20.210.230.260.320.350.360.40.420.590.470.510.550.590.660.780.850.860.870.920.980.860.910.970.90.860.880.890.770.80.830.870.90.870.890.981.051.091.141.251.351.391.51.561.751.651.721.811.881.811.821.891.91.91.992.122.252.252.432.582.71
20.438.0462.816.609.5213.4821.848.495.518.795.3040.53-19.629.136.037.5212.2918.249.640.820.706.706.39-12.315.576.37-7.02-4.221.860.91-13.664.583.505.073.56-3.331.9510.476.834.014.958.838.272.828.014.2111.86-5.734.805.223.64-3.990.893.570.645.016.375.948.376.044.80
24.7325.0023.9724.3726.1926.5227.2027.6728.4128.3027.7827.1027.3026.1125.8826.4227.3027.3629.5627.9026.7423.5621.6522.2819.6118.9019.2120.3320.8821.4121.3326.1428.3827.6627.7027.3027.5525.6822.6323.5721.4723.7822.0921.8123.3023.9824.0421.7821.5820.7117.4217.4519.5018.7816.2215.2821.6021.2723.1622.4425.1622.4720.8819.93
232829485561718898103110113160123133144160180230238230204200219169172186183180188189200227229241246240228222247234272275294323359375380355357316328352342306290410424491504565547539539
-175-38-205-36-29813-16181142-151-42-13-4-151-6239-174-96-145-62-124-142-97-134-259-99-96-1,37479832-94-29-1145-102-69-16-138-2,12397-544-84455156-3390-377-425-6482-232-50-2,442-18763317-11-237-11-307-839
-129.41-860.00439.47-82.44-19.44-379.31-96.30-633.33-212.50-38.89281.82-459.52-72.19-69.05-69.233,675.00-58.94-162.90-546.15-44.8351.04-57.24100.0014.52-31.6938.1493.28-61.78-3.031,331.25-158.08-95.99-393.75-69.15293.10-104.39-2,140.00-32.35-76.81762.501,438.41-104.57-660.82-84.56-641.67-65.71-121.15-372.73-518.8912.73-84.94-228.13-382.93-78.454,784.00-92.34-133.69403.17-103.472,054.55-95.362,690.91173.29
0.050.050.050.050.10.050.340.060.340.350.350.340.350.360.360.390.40.40.420.40.40.490.520.520.530.580.680.690.680.670.670.670.680.680.680.670.690.680.680.640.670.650.810.810.860.910.90.870.940.890.890.891.060.890.890.941.571.61.741.611.611.611.611.61
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales VNET Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue VNET Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare VNET Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares VNET Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against VNET Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

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VNET Group stock margins

The VNET Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of VNET Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for VNET Group.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2009
26.88 %
8.64 %
-1.88 %
Jan 1, 2010
24.43 %
-44.33 %
-48.63 %
Jan 1, 2011
27.09 %
1.46 %
1.8 %
Jan 1, 2012
27.93 %
5.31 %
3.69 %
Jan 1, 2013
26.28 %
2.13 %
-2.45 %
Jan 1, 2014
28.16 %
-3.99 %
-12.12 %
Jan 1, 2015
23.49 %
-7.82 %
-11.78 %
Jan 1, 2016
19.55 %
-12.28 %
-17.4 %
Jan 1, 2017
22.35 %
-5.9 %
-22.78 %
Jan 1, 2018
27.78 %
6.98 %
-6.03 %
Jan 1, 2019
24.79 %
4.81 %
-4.81 %
Jan 1, 2020
22.28 %
4.1 %
-56.1 %
Jan 1, 2021
23.23 %
2.16 %
7.99 %
Jan 1, 2022
19.23 %
1.72 %
-10.98 %
Jan 1, 2023
17.44 %
-1.35 %
-35.67 %

VNET Group Stock Sales Revenue, EBIT, Earnings per Share

The VNET Group earnings per share therefore indicates how much revenue VNET Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Sales per Share
EBIT per share
Earnings per Share
Details
Date
Sales per Share
EBIT per share
Earnings per Share
Jan 1, 2009
1.72 CNY
0.15 CNY
-0.03 CNY
Jan 1, 2010
7.35 CNY
-3.26 CNY
-3.57 CNY
Jan 1, 2011
3.22 CNY
0.05 CNY
0.06 CNY
Jan 1, 2012
4.27 CNY
0.23 CNY
0.16 CNY
Jan 1, 2013
5.4 CNY
0.11 CNY
-0.13 CNY
Jan 1, 2014
7.17 CNY
-0.29 CNY
-0.87 CNY
Jan 1, 2015
7.39 CNY
-0.58 CNY
-0.87 CNY
Jan 1, 2016
5.9 CNY
-0.72 CNY
-1.03 CNY
Jan 1, 2017
5.04 CNY
-0.3 CNY
-1.15 CNY
Jan 1, 2018
5.04 CNY
0.35 CNY
-0.3 CNY
Jan 1, 2019
5.67 CNY
0.27 CNY
-0.27 CNY
Jan 1, 2020
6.74 CNY
0.28 CNY
-3.78 CNY
Jan 1, 2021
6.79 CNY
0.15 CNY
0.54 CNY
Jan 1, 2022
7.97 CNY
0.14 CNY
-0.88 CNY
Jan 1, 2023
8.23 CNY
-0.11 CNY
-2.93 CNY

VNET Group business model

21Vianet Group Inc. was founded in 1999 and is a leading company in the field of cloud-based internet services in China. The company offers its customers a range of solutions, including cloud computing, data centers, and network services.

VNET Group SWOT Analysis

Strengths

21Vianet Group Inc is a leading carrier-neutral internet data center services provider in China. The company's strong market presence and extensive network of data centers give it a competitive advantage.

21Vianet Group Inc has established strong partnerships with major global cloud service providers, enabling it to offer a wide range of services to its customers. This diversification strengthens its revenue streams and enhances its position in the market.

Weaknesses

One of the weaknesses of 21Vianet Group Inc is its heavy reliance on third-party partners for certain services. This dependency poses potential risks and could affect the company's ability to deliver reliable services to its customers.

The company faces intense competition in the data center services industry, which could impact its market share and profitability. It needs to continuously innovate and differentiate itself to stay ahead in the competitive landscape.

Opportunities

The growing demand for cloud computing and internet services in China presents significant opportunities for 21Vianet Group Inc. As more businesses adopt cloud solutions, the company can capitalize on this trend and expand its customer base.

The government's initiatives for digital transformation and data sovereignty regulations also create opportunities for 21Vianet Group Inc. By complying with these regulations and offering secure and compliant solutions, the company can attract more customers and strengthen its position in the market.

Threats

The regulatory environment in China can be challenging, with strict rules and regulations governing the internet and data services industry. Changes in regulations or government policies could significantly impact the operations and profitability of 21Vianet Group Inc.

As the data center services industry becomes more competitive, price pressures may arise, leading to reduced margins for the company. It needs to effectively manage costs and differentiate its services to mitigate this threat.

VNET Group Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

VNET Group historical P/E ratio, EBIT multiple, and P/S ratio

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides VNET Group's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates VNET Group's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots VNET Group's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if VNET Group grows earnings faster than its peers.

VNET Group annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

VNET Group shares outstanding

The number of shares was VNET Group in 2025 — This indicates how many shares 1.742 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2009
182.5 M base_Shares
Jan 1, 2010
71.5 M base_Shares
Jan 1, 2011
316.8 M base_Shares
Jan 1, 2012
356.8 M base_Shares
Jan 1, 2013
364.4 M base_Shares
Jan 1, 2014
401.3 M base_Shares
Jan 1, 2015
492.1 M base_Shares
Jan 1, 2016
617.2 M base_Shares
Jan 1, 2017
672.8 M base_Shares
Jan 1, 2018
674.7 M base_Shares
Jan 1, 2019
668.8 M base_Shares
Jan 1, 2020
716.9 M base_Shares
Jan 1, 2021
911.6 M base_Shares
Jan 1, 2022
886.8 M base_Shares
Jan 1, 2023
901.14 M base_Shares

Current VNET Group forecasts and price targets in March 2026

Δ MOM Price Target
7.86 %
Buy94.74 % (18)
Hold5.26 % (1)
Sellnull % (0)
12M Price Target
105.43
Last Price
7.50
Currency
CNY
12M Return Potential
1,305.73 %
LTM Return
0 %

VNET Group Earnings Estimates

VNET Group Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
3/10/2026-0.52CNY2.7 BCNY2025 Q4
11/20/2025-0.29CNY0CNY2025 Q3
11/13/20240.02CNY2.05 BCNY2024 Q3
5/22/2024-0.04CNY0CNY2024 Q1
3/19/2024-2CNY0CNY2023 Q4
11/20/2023-0.29CNY0CNY2023 Q3
3/28/2023-1.63CNY2.07 BCNY2022 Q4
11/22/2022-0.59CNY1.85 BCNY2022 Q3
8/30/2022-0.37CNY1.74 BCNY2022 Q2
5/24/2022-0.01CNY1.78 BCNY2022 Q1

EESG©

Eulerpool ESG Scorecard© for the VNET Group stock

65/100
63
Environment
79
Social
53
Governance
E

Environment

20
Scope 1 - Direct Emissions27,891.96
Scope 2 - Indirect emissions from purchased energy1,064,264.59
Scope 3 - Indirect emissions within the value chain815,150.53
Total CO₂ emissions1,092,156.55
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees28
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

VNET Group shareholders

% Name
0.75738%
Triata Capital Limited
Triata Capital Limited
0.64443%
Blackstone Tactical Opportunities Advisors L.L.C.
Blackstone Tactical Opportunities Advisors L.L.C.
0.60453%
Infini Capital Management Ltd.
Infini Capital Management Ltd.
0.57326%
Morgan Stanley & Co. LLC
Morgan Stanley & Co. LLC
0.48662%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
0.35622%
Oxbow Capital Management (HK) Limited
Oxbow Capital Management (HK) Limited
0.34723%
Chen (Sheng)
Chen (Sheng)
0.21610%
Oasis Management Company Ltd.
Oasis Management Company Ltd.
0.20711%
BNP Paribas Securities Corp. North America
BNP Paribas Securities Corp. North America
0.20269%
Two Sigma Investments, LP
Two Sigma Investments, LP
...

VNET Group Executives and Management Board

SC

Mr. Sheng Chen

(56)

Executive Co-Chairman of the Board, Interim Chief Executive Officer, Founder · since 2024

JZ

Mr. Jianbiao Zhu

(51)

Executive Co-Chairman of the Board · since 2024

QW

Mr. Qiyu Wang

(47)

Chief Financial Officer

LC

Mr. Lifeng Chen

(57)

Independent Director

SS

Mr. Sean Shao

(68)

Independent Director

VNET Group Supply Chain

VNET Group Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
27 companies
#Name1M3M6M1Y2YTrend
1
0,52
-0,04
0,42
0,88
0,84
2
Alibaba Group Holding
Supplier
0,26
-0,06
0,56
0,88
0,83
3
-0,25
-0,11
0,77
0,75
0,82
4
0,85
0,55
0,84
0,90
0,78
5
-0,26
0,27
0,85
0,68
0,78
#Name1M3M6M1Y2YTrend
1
0,75
0,68
0,91
0,67
2
Warburg Pincus I-B A
Supplier
0,48
-0,15
-0,12
3
-0,39
-0,06
-0,23
-0,52
4
GDS Holdings
Supplier
0,41
0,16
0,63
0,85
5
0,55
0,21
0,68
0,44

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Most common questions regarding VNET Group

The business model of 21Vianet Group Inc involves providing carrier-neutral internet data center services, as well as managed network services in China. As one of the leading providers in the country, 21Vianet offers a comprehensive range of hosting and related value-added services to its customers. The company focuses on operating extensive data centers that are strategically located in various regions in China to serve a wide range of industries. By offering reliable and secure data center solutions, 21Vianet enables businesses to efficiently store, process, and deliver their digital assets, ensuring a seamless online presence and optimal performance for their operations.

All fundamentals about VNET Group

Our stock analysis for VNET Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of VNET Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.