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GDS · Software & cloud · China

GDS

Builds and runs big data centers across China.

Company Health

35
/100
Weak
A quick check of the business from its yearly reports (2022–2025). It doesn’t say whether the stock is a good buy.
Does it make money?
15 of 25 · Okay
CN¥8 of every CN¥100 in sales was left as profit last year.
Is it growing?
16 of 25 · Okay
Sales grew about 7% a year over the last 3 years.
Can it handle what it owes?
4 of 25 · Poor
It would take about 11 years of the cash its business brings in to pay off everything it owes.
Does it bring in spare cash?
0 of 25 · Poor
It spent more cash than it brought in: CN¥12 of every CN¥100 in sales.

Who owns it

1 of 23 own it · Nobody changed their stake
bought lately
owns it
doesn’t own it
Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre
Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners
From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From GDS’ yearly reports, in Chinese yuan. Tap a year to see its figures.

Sales and profit

Sales grew from CN¥5.74 billion in 2020 to CN¥11.4 billion in 2025, and it made a profit in 2 of the 6 years.
2025
Sales
CN¥11.4 billion
Profit
CN¥950 million

Spare cash each year

It spent more cash than it brought in every year: CN¥1.33 billion more in 2025.
2025
Cash shortfall
CN¥1.33 billion
Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2025 it owned CN¥80.0 billion, including CN¥14.3 billion in cash, and owed CN¥52.3 billion.

Key facts

From its yearly report for 2025.
Sales
CN¥11.4 billion
Profit
CN¥950 million
Cash shortfall
CN¥1.33 billion
Cash in the bank
CN¥14.3 billion
Everything it owes
CN¥52.3 billion
Year ends
December
Money shown in
Chinese yuan
Latest yearly report
20-F, filed Apr 29, 2026
Figures from GDS’ yearly reports to the SEC (EDGAR), collected Oct 12, 2026.
Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works
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