CHINDATA GROUP Reports Q2 FY2023 Earnings Results for Period Ending June 30 2023
September 3, 2023
🌥️Earnings Overview
CHINDATA GROUP ($NASDAQ:CD) released its earnings report for the second quarter of FY2023, which concluded on June 30 2023, on August 31 2023. The company generated a total revenue of CNY 1553.8 million, representing a 49.7% year-over-year growth. Net income was reported at CNY 219.2 million, an increase of 9.9% on the prior year.
Stock Price
CHINDATA GROUP reported their earnings results for the period ending June 30 2023 on Thursday. The company opened the day at $8.4 and ended the day with the same price, indicating that investors were pleased with the reported earnings results. CHINDATA GROUP reported strong financials for the quarter. This growth in customer base is indicative of the company’s ability to attract new customers and retain current customers.
Furthermore, CHINDATA GROUP’s customer satisfaction rate has also increased, which is a sign of customer loyalty and satisfaction with the product and services offered by the company. Overall, CHINDATA GROUP had an impressive Q2 FY2023 and investors seem satisfied with the results. The company’s finances are healthy and its customer base is increasing. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Chindata Group. More…
| Total Revenues | Net Income | Net Margin |
| 5.59k | 829.69 | 14.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Chindata Group. More…
| Operations | Investing | Financing |
| 2.1k | -5.83k | 3.77k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Chindata Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 26.6k | 15.32k | 30.77 |
Key Ratios Snapshot
Some of the financial key ratios for Chindata Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 57.1% | 169.0% | 29.6% |
| FCF Margin | ROE | ROA |
| -46.3% | 9.2% | 3.9% |
Analysis
At GoodWhale, we conducted an analysis of the fundamentals of CHINDATA GROUP. Based on our Star Chart, we found that CHINDATA GROUP has an intermediate health score of 5/10 with regard to its cashflows and debt, suggesting that it is likely to sustain future operations in times of crisis. Additionally, we classified CHINDATA GROUP as a ‘cheetah’ company, indicating that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given CHINDATA GROUP’s strengths in terms of growth, and medium levels in terms of assets, profitability, and dividends, we believe the company would be attractive to a variety of investors. Those looking for high-growth opportunities may be especially interested due to the strong growth CHINDATA GROUP has shown. Investors willing to take on more risk may find CHINDATA GROUP particularly attractive due to the potential rewards. More…
Peers
Chindata’s core strengths are its strong technical capabilities, diversified offerings, and innovative products.
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Summary
CHINDATA GROUP has reported strong financial results for the second quarter of FY2023, with total revenues increasing 49.7% year-over-year to CNY 1553.8 million and net income rising 9.9% year-over-year to CNY 219.2 million. The company’s strong performance highlights solid execution and suggests that its strategy is driving positive results. Investment analysts are likely to view this news positively, as it signals respectable growth and profitability, bolstered by an increase in demand for its products and services. With strong financials, CHINDATA GROUP appears to be in a good position to capitalize on future opportunities and deliver value for shareholders.
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