HK Movers | GDS Holdings Jumps Over 6% as It Swings to Profit in H1

GDS Holdings shares surged over 6% in Hong Kong following its latest earnings report.

According to the announcement, GDS Holdings achieved a net revenue of approximately RMB 5.623 billion in the first half of 2025, marking a 12.2% year-on-year growth. Gross profit reached approximately RMB 1.334 billion, up 22.71% year-on-year. Notably, the company reported a net profit attributable to ordinary shareholders of approximately RMB 664 million, swinging to profit compared to a loss in the same period last year.

Furthermore, it’s notable that DayOne, one of GDS Holdings Ltd's equity investment targets, recently announced plans to build a hyperscale data center in Lahti, Finland. The facility is expected to become operational in 2027, with a total investment of approximately EUR 1.2 billion. The potential total capacity of this data center is estimated at 128 MW, while the initial server cluster will have a capacity of 50 MW. Additionally, market reports suggest that DayOne is currently advancing its Series C equity financing to support future project developments and market expansion. During the earnings call, the management remarked that "the performance of the equity financing on the first day exceeded expectations." It has also been disclosed that DayOne aims to go public within the next 18 months.