21Vianet Group, Inc. (VNET) 📈: отчетность и дивиденды за 2025

Capitalization

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Капитализация, млрд ¥	1.67	1.46	0.6895	0.9858	0.888	2.62	3.53	0.8876	0.9102		0.4632	1.77	0.50
Выручка, млрд ¥		3.64	3.39	3.4	3.79	4.83	6.19	7.07	7.41	8.26	8.26	6.75	11.33
Чистая прибыль, млрд ¥		-0.817	-0.7727	-0.2051	-0.1307	-2.69	0.5001	-0.7639	-2.64	0.1832	0.1832	-1.0821	-158.43
EV, млрд ¥		2.81	1.18	1.12	3.08	6.82	9.87	17.91	15.44	18.38	18.38	13.68	21.93
EBIT, млрд ¥		-0.5074	-0.1668	0.3225	0.3196	-3.32	-0.2619	0.1212	-2.17	0.6694	0.6694	-0.9923	-172.60
EBITDA, млрд ¥		-0.5074	-0.1667	0.3227	0.3197	-2.33	1.01	1.72	-0.3666	2.22	2.22	0.4507	-199.04
OIBDA, млрд ¥						20.84	4.6	19.04	0.3064	2.7	2.7	9.50	-33.55
Баланс стоимость, млрд ¥		6.13	5.05	5.09	4.95	6.56	7.24	6.61	6.01	6.37	6.37	6.56	-0.59
FCF, млрд ¥		-0.5289	-0.0126	0.2519	-0.568	-1.79	-1.35	-0.4506	-0.9971	-3.12	-3.12	-1.5415	11.75
Операционный денежный поток, млрд ¥		0.0836	0.4023	0.705	0.7074	0.7142	1.39	2.6	2.06	2.01	2.01	1.75	22.99
Операционная прибыль, млрд ¥		-0.8402	-1.37	0.2375	-0.4525	0.1982	-0.2619	0.1661	-1.97	0.6694	0.6694	-0.2396	27.56
Операционные расходы, млрд ¥		1.25	0.9578	0.7213	0.7051	0.8778	1.3	1.24	3.26	1.16	1.16	1.57	5.73
CAPEX, млрд ¥		0.6125	0.415	0.4531	1.28	2.5	2.73	3.05	3.06	5.13	5.13	3.29	15.46

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	5 quarters average	CAGR 5
Капитализация, млрд ¥	2.79	2.04	1.15	0.8745	0.78	0.7624	0.7241	0.4503	0.4455	0.7864						0.6337	0.62
Выручка, млрд ¥						1.88	1.82	1.82	1.89	13.66	1.9	1.99	2.12	2.25	2.25	2.10	3.44
Чистая прибыль, млрд ¥						-0.0566	-0.2329	-0.2329	-0.0505	-1.35	-0.187	0.0637	0.3176	-0.0111	-0.0111	0.0344	-43.15
EV, млрд ¥						8.91	9.56	16.42	17.35	98.47	13.42	14.75	16.35	18.59	19.26	16.47	7.49
EBIT, млрд ¥						-0.0726	0.1172	0.5501	0.0322	0.3339	0.0464	0.1946	0.8284	0.237	0.237	0.3087	38.56
EBITDA, млрд ¥						0.3768	0.5502	0.5502	0.4938	3.05	0.4235	0.5833	0.4563	0.6757	0.6757	0.5629	9.79
OIBDA, млрд ¥										4.73	0.6569	0.7143	0.3301	0.9238	0.9238	0.7098	7.06
Баланс стоимость, млрд ¥						6.61	6.43	6.43	6.39	42.7	5.94	6.01	6.34	6.37	6.37	6.21	1.41
FCF, млрд ¥						-0.346	0.0185	0.0185	-0.5104	-5.35	-0.7437	-0.6009	0.6443	-0.9207	-0.9207	-0.5083	4.36
Операционный денежный поток, млрд ¥						0.5696	0.4235	0.4235	0.4543	1.93	0.2676	0.4052	0.0876	0.5722	0.5722	0.3810	16.42
Операционная прибыль, млрд ¥						-0.0726	0.0933	0.0933	0.0322	0.3339	0.0464	0.1946	0.1914	0.237	0.237	0.1813	38.56
Операционные расходы, млрд ¥						0.3457	0.2495	0.2495	0.2743	2.62	0.3643	0.2303	0.3003	0.2679	0.2679	0.2861	-5.96
CAPEX, млрд ¥						0.9156	0.405	0.405	0.9647	7.28	1.01	1.01	0.577	1.49	1.49	1.12	8.09

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Наличность, млрд ¥				1.3	1.95	2.36	1.81	2.71	1.37	2.66	2.24	1.49	1.49	2.09	-11.28
Short Term Investments ¥			0.1049	0.2779	0.5489	0.245	0.3639	0.2859	0.0689	0.0597	0.3568		0.3568	0.2270	-0.39
Long term investments ¥		0.1263	0.000736	0.2989	0.5109	0.5443	0.1697	0.1355	0.0982	0.2422	0.7579			0.2807	34.89
Total Receivables ¥				0.8381	0.5701	0.6498	0.9588	0.9228	1.57	1.77	1.72	3.36	3.36	1.87	29.49
Total Current Assets ¥				5.2	4.25	4.68	5.23	6.06	5.32	7.05	9.82	6.82	6.82	7.01	2.39
Чистые активы, млрд ¥			3.65	3.78	3.32	4.03	6.67	9.43	12.96	15.47	0.9841		0.9848	9.10	-31.80
Активы, млрд ¥				12.42	9.91	11.15	14.27	19.37	23.1	26.95	30.39	32.36	32.36	26.43	10.81
Short Term Debt ¥				2.39	0.3327	0.345	1.86	3.01	1.24	1.9	6.21	3.12	3.12	3.10	0.72
Long Term Debt ¥				0.2682	2.11	2.15	2.14	3.9	6.48	8.91	6.88	9.67	9.67	7.17	19.91
Задолженность, млрд ¥				6.27	4.71	5.79	9.04	12.48	15.49	19.97	23.87	25.44	25.44	19.45	15.31
Чистый долг, млрд ¥				1.89	1.09	0.9023	3.88	5.54	9.75	12.1	14.93	16.6	16.6	11.78	24.54
Долг, млрд ¥				2.65	2.44	2.49	4	6.92	7.72	14.76	17.17	18.09	18.09	12.93	21.19
Interest income ¥			0.0959	0.0211	0.0329	0.0452	0.0546	0.0317	0.0319	0.0316	0.0374			0.0374	-7.29
Расходы на обслуживание долга ¥				0.1986	0.1853	0.2361	0.346	0.3806	0.335	0.2733	0.3122	0.401	0.401	0.3404	1.05
Чист. проц. доходы, млрд ¥				-0.1775	-0.1524	-0.1909	-0.2913	-0.3489	-0.3031	-0.2417	-0.2689		0.0052	-0.2908	-1.59
Goodwill ¥	0.4105	1.76	1.76	1.76	0.9895	0.9895	0.9895	0.995	1.34	1.36				1.13	6.57
Амортизация, млрд ¥				0.0000	0.0001	0.000161	0.000172	0.989	1.27	1.6	1.81	1.55	1.55	1.44	9.40
Себестоимость, млрд ¥				2.93	2.63	2.46	2.85	3.75	4.75	5.71	6.12	6.43	6.43	5.35	11.39
Товарно материальные запасы ¥				0.0044	0.00071	0.0018	0.4789	0.2705	0.3278	0.3277	0.0025	0.0962	0.0962	0.2049	-18.68

	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	5 quarters average	CAGR 5
Наличность, млрд ¥								2.66	2.36	2.36	2.7	12.83	1.78	1.8	1.52	1.49	1.49	1.62	-3.49
Short Term Investments ¥		0.0129	0.013		0.0689				0.1445	0.1445	0.3568	2.57	0.3568	0.0879	0.0159			0.6775	-46.32
Long term investments ¥			0.1	0.0982	0.0851	0.0295	0.033	0.2422	0.242	0.7556	0.7484	0.7579						0.5492	25.63
Total Receivables ¥								1.92	2.25	2.25	2.35	16.3	2.27	2.15	2.18	1.99	3.36	2.39	8.16
Total Current Assets ¥								7.05	7.56	7.56	7.93	49.18	6.84	7.04	6.94	6.82	6.82	6.89	-0.06
Чистые активы, млрд ¥	9.45	9.75	10.91	12.96	13.24	13.29	15.4	15.47		16.28	17.03							15.49	5.08
Активы, млрд ¥								26.95	28.82	28.82	29.92	202.51	28.15	29.12	29.93	32.36	32.36	30.38	2.83
Short Term Debt ¥								1.9	5.85	5.85	5.78	16.12	2.24	2.63	2.85	3.47	3.12	2.86	6.85
Long Term Debt ¥							9.5	8.91	5.35	5.47	6.36	49.52	8.04	8.45	8.88	9.67		16.91	-27.87
Задолженность, млрд ¥								19.97	21.91	21.91	23.04	156.01	21.69	22.57	23.06	25.44	25.44	23.64	3.24
Чистый долг, млрд ¥								12.1	13.31	13.31	13.96	93.07	12.94	14.02	14.96	16.96	16.6	15.10	5.11
Долг, млрд ¥								10.81	11.2	15.67	16.67	105.9	14.72	15.82	16.49	18.45	18.09	16.71	4.21
Interest income ¥			0.0091	0.0089	0.0045	0.0088	0.0095	0.0088	0.0057	0.01	0.0129	0.0132						0.0101	8.45
Расходы на обслуживание долга ¥								0.0729	0.0717	0.0717	0.0918	0.9905	0.1377	0.0922	0.094	0.0771	0.0771	0.0956	-10.95
Чист. проц. доходы, млрд ¥				-0.0664	-0.0486	-0.0597	-0.0693	-0.0642	-0.0641	-0.0617	-0.0789	-0.0657	0.0017					-0.0537	-148.39
Goodwill ¥		0.995	1.32	1.34	1.34	1.34	1.34	1.36	1.36	1.36	1.36							1.36	0.30
Амортизация, млрд ¥								0.4495	0.433	0.000122	0.4616	2.71	0.3771	0.3887	-0.3721	0.4387	0.4387	0.2542	3.07
Себестоимость, млрд ¥								1.55	1.48	1.48	1.58	10.7	1.49	1.57	1.63	1.74	1.74	1.63	3.15
Товарно материальные запасы ¥					0.3278	0.2024	0.2199	0.3277	0.2531	0.2531	0.3208	2.2	0.3063				0.0962	0.6353	-17.59

Share

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	5 year average	CAGR 5
EPS	-2.58	-1.62	-1.49	-0.66	-8.49	3.34	-5.17	-105.62	3.79		3.79	-22.4300	-185.10
Цена акции ао		7.98	8.64	7.25	34.69	9.03	5.67	2.87	4.74	5.78	5.78	5.62	-8.54
Число акций ао, млн	113.11	112.86	112.73	111.59	133.83	150.3	147.8	25.03	48.4		48.4	101.07	-18.41
FCF/акцию	-4.68	-0.112	2.23	-5.09	-13.37	-8.96	-3.05	-39.84	-64.53		-64.53	-25.9500	37.00

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	5 quarters average	CAGR 5
EPS						-0.42	0.42	-1.57	-0.3406	-5.15	-4.29	1.46	6.57	-0.2484	-0.2484		0.6486	-43.44
Цена акции ао			7.68	5.92	5.27	5.15	4.89	3.04	3.01	3.01					8.48	5.78	4.66	13.71
Число акций ао, млн	149.61	150.3	150.3	147.7	148.07	148.05	148.12	148.12	148.18	261.38							170.77	12.04
FCF/акцию						-2.34	0.1248	0.1248	-3.44	-2.85	-17.07	-13.79	13.33	-20.61	-20.61		-11.7500	3.84

	5 quarters average	CAGR 5

Efficiency

IFRS

Reporting Annual Quarterly

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
ROE, %				-13.34	-15.3	-4.03	-2.64	-40.99	6.91	-11.03	-41.89	2.96		2.96	37.18	-16.8080	-159.12
ROA, %				-6.58	-7.8	-1.84	-0.9156	-13.89	2.17	-3.05	-9.22	0.584		0.584	15.00	-4.6812	-153.06
ROIC, %	64.1	-3.96	-3.85	12.85	-10.3	-0.75	23.88	3.02	4.65					4.52	28.12	4.10	-185.29
ROS, %					-22.78	-6.03	-3.45	-55.73	8.08	-10.81	-35.67	2.22	2.22	2.22	22.00	-6.7920	-22.77
ROCE, %					-3.21	6.01	6.11	-48.19	-3.45	0.5877	-11.47	2.91	9.67	9.67	25.63	-0.3505	-222.89
Ebit margin, %							8.43	-20.32	2.15	1.71	-29.33	8.11	8.11	8.11		-1.8500	30.41
Рентаб EBITDA, %					-4.91	9.49	8.44	-48.35	16.25	24.3	-4.94	26.82	26.82	26.82	33.47	17.85	10.54
Чистая рентаб, %				-22.43	-22.78	-6.03	-3.45	-55.73	8.08	-10.81	-35.67	2.22		2.22	22.00	-18.3820	-152.49
Operation Margin, %					-40.34	6.98	-11.94	4.1	-4.23	2.35	-26.59	8.11	8.11	8.11	25.67	-2.4500	-213.90
Чистая процентная маржа, %	-2.45	-12.11	-11.78	-17.4	-22.78	-6.03	-4.81	-56.11	7.99					10.38	26.15	-16.3480	-181.10
Доходность FCF, %		-30.88	-52.78	-36.29	-1.83	25.55	-63.96	-68.35	-38.17	-50.77	-109.55					-66.1600	11.36

	2017Q4	2018Q1	2020Q4	2021Q1	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
ROE, %										-0.8565	-3.62	-3.52	-0.7761	-2.93	-2.98	1.04	5.24	-0.1817	-0.1785		37.18	0.5880	-43.05
ROA, %										-0.2101	-0.8082	-0.8082	-0.1718	-0.6441	-0.6643	0.2224	1.08	-0.0356	-0.0343		15.00	0.1136	-44.72
ROIC, %	0.5996	14.03	-6.34	-5.18																	28.12	0.7774	-271.44
ROS, %											-12.78	-12.78	-2.67	-9.88	-9.85	3.19	14.98	-0.4939	-0.4939	2.22	22.00	3.88	-6.99
ROCE, %											1.7	2.84	0.1727	0.2509	0.2429	0.9754	4.01	1.11	1.07	9.67	25.63	3.37	58.22
Ebit margin, %												30.19	1.71	2.44	2.45	9.76	39.06	10.55	10.55	8.11		15.61	-3.64
Рентаб EBITDA, %											30.2	30.2	26.17	22.33	22.31	29.26	21.52	30.08	30.08	26.82	33.47	27.55	-1.73
Чистая рентаб, %										-3.01	-12.78	-12.78	-2.67	-9.88	-9.85	3.19	14.98	-0.4939	-0.4939		22.00	1.47	-45.04
Operation Margin, %											5.12	5.12	1.71	2.44	2.45	9.76	9.03	10.55	10.55	8.11	25.67	9.60	-3.64
Доходность FCF, %					-18.82	-13.73	-24.29	45.99	3.45	-45.38	2.55	4.11	-114.55	-94.57								-49.5680	15.82

Coefficients

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
P/E	-1.78	-0.8923	-4.81	-6.79	-0.9727	7.05	-1.16	-0.3443	9.68		9.68	52.52	2.85	-258.34
P/BV	0.238	0.1366	0.1935	0.1793	0.3987	0.487	0.8313	0.0787	0.2563		0.2563	13.29	0.4104	-8.46
P/S	0.4002	0.2032	0.2899	0.2344	0.5421	0.5698	0.8215	0.0692	0.2147		0.2147	9.65	0.4435	-16.91
P/FCF		-54.53	3.91	-1.56	-1.46	-2.62	-1.97	-0.9128	-0.4645	-0.1483	-0.1483	51.22	-1.2231	-43.69
E/P		-1.12	-0.208	-0.1472	-1.03	0.1418	-0.8606	-2.9	-5.71	0.3955	0.3955	0.03	-1.7867	22.77
EV/EBIT				32.28	-33.27	138.57	147.8	-7.1	27.45	27.45	27.45		66.83	-27.66
EV/EBITDA	-5.55	-7.07	3.48	9.62	-2.92	9.82	10.43	-42.12	8.29		8.29	39.19	-3.3000	-223.21
EV/S		0.3473	0.3299	0.8119	1.41	1.59	2.53	2.08	2.22	2.22	2.22	9.82	2.13	6.90
EV/FCF		-93.19	4.45	-5.42	-3.81	-7.33	-39.74	-15.48	-5.88	-5.88	-5.88	75.58	-14.8620	-4.31
Debt/EBITDA		-14.63	7.73	12.5	-2.96	7.67	8.6	-46.84	8.17	8.17	8.17	3.00	-2.8460	1.27
Netdebt/Ebitda		-6.54	2.8	12.15	-2.37	9.69	7.05	-40.72	7.49	7.49	7.49	1.76	-1.8000	-5.02
Debt/Ratio		0.2461	0.2237	0.28	0.3569	0.3342	0.5479	0.5651	0.5592	0.5592	0.5592	0.21	0.5131	10.84
Debt/Equity		0.4829	0.4897	0.8069	1.05	1.07	2.23	2.86	2.84	3.68	3.68	0.64	2.54	28.02
Debt/Net Income		-3.16	-12.17	-30.58	-2.57	15.43	-19.33	-6.49	98.77	98.77	98.77	2.49	37.43	44.96
PEG										-2.71	-2.71		-2.7100	0.00
Бета					0.36	0.15	-0.15	-0.4801	5.13	1.71	1.71	0.51	1.27	62.70
Индекс Альтмана		2.09	3.16	1.43	0.8408	1.42	1.24	1.02	0.2147	0.3167	0.3167	8.99	0.8423	-25.92

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
P/E				-2.32	-1.84	-13.47	-3.11	-1.93	-8.83	-4.21	-5.44	-1.84	-51.67				52.52	-14.3980	42.38
P/BV						0.1154	0.1126	0.4501	0.493	0.1161	0.0753	0.1121	0.2018	0.2365	0.3841		13.29	0.2020	38.53
P/S						0.4054	0.3975	0.4236	0.4574	0.0644	0.0471	0.0805	0.162	0.1997	0.3129		9.65	0.1604	46.04
P/FCF		-7.29	-4.12	2.17	29	-2.2	39.17	24.36	-0.8729	-1.06						-0.1483	51.22	12.29	-132.78
E/P		-0.0134	-0.0236	-0.4313	-0.5431	-0.0742	-0.3216	-0.5172	-0.1133	-0.2378						0.3955	0.03	-0.1589	-204.22
EV/EBIT								29.85	539.18	294.91	289.22	75.81	19.73	78.46	81.27	27.45		56.54	-18.39
EV/EBITDA						23.65	17.37	8.57	8.8	6.78	7.19	7.67	8.66	8.69	8.05		39.19	8.05	2.29
EV/S							5.25	9.01	9.2	7.21	7.07	7.4	7.71	8.28	8.57	2.22	9.82	6.84	-21.40
EV/FCF							517	888.2	-34	-18.41	-18.05	-24.56	25.37	-20.2	-20.92	-5.88	75.58	-9.2380	-24.87
Debt/EBITDA							20.35	28.49	33.75	34.72	34.76	27.12	36.13	27.3	26.78	8.17	3.00	25.10	-21.33
Netdebt/Ebitda							24.19	24.19	28.28	30.51	30.55	24.04	32.78	25.09	24.57	7.49	1.76	22.79	-20.80
Debt/Ratio							0.3885	0.5439	0.557	0.5229	0.5229	0.5432	0.5509	0.5702	0.5592	0.5592	0.21	0.5565	0.58
Debt/Equity							1.74	2.44	2.61	2.48	2.48	2.63	2.6	2.9	2.84	3.68	0.64	2.93	6.95
Debt/Net Income							-48.08	-67.3	-330.27	-78.44	-78.72	248.4	51.9	-1662.74	-1630.68	98.77	2.49	-578.8700	-16.84
PEG																-2.71		-2.7100	0.00
Бета															-7.54	1.71	0.51	-2.9150	-147.62
Индекс Альтмана	1.06	1.04	1.01	0.9301	0.9239	0.9138		0.8675	0.8659						0.2704	0.3167	8.99	0.6469	-19.10

Dividends

IFRS

Reporting Annual Quarterly

	2011	2013	2015	2016	2017	2018	2019	2020	2021	2022	2023	LTM	Industry average	5 year average	CAGR 5
Див.выплата, млрд	0.35	2.12		1.94	0.0018	2.17	2.27	3.1						1.90	9.83
Дивиденд												0
Див доход, ао, %			0	0	0	0	0	0	0	0	0	0	0.87
Дивиденды / прибыль, %	1897.73	-4386.05		-238.04	-0.2357		-1735.08	-115.14	0	0		0	40.54	-1294.9091	-51.71

	2017Q4	2018Q1	2020Q4	2021Q1	Industry average	5 quarters average	CAGR 5
Див.выплата, млрд	0.0018	0.0018	0.1613	0.1613		0.0815	207.67
Дивиденды / прибыль, %	5.55	0.228	-15.88	-15.88	40.54	-6.4955	-230.06

	Industry average	5 quarters average	CAGR 5

Other

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	2024	LTM	CAGR 5
Всего задолженность	2.19	4.47	6.12						40.85
CAPEX/Выручка, %			51.84	44.17	43.2	41.29	62.09	62.09	3.67
Персонал, чел				2 599	2 599	3 293	3 293		6.10

	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	CAGR 5
CAPEX/Выручка, %	53.29	53.28	50.46	27.21	66.46	66.46	4.52

	CAGR 5

Investing Port

21Vianet Group, Inc.

Reporting 21Vianet Group, Inc.

Capitalization

Balance sheet

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Efficiency

Coefficients

Dividends

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