Company: GDHLF
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001410578-25-000935
Chunk: 280

Company: GDS Holdings Ltd
Filing Date: 2025-04-28
Form: 20-F
Item: Item 5
Chunk 280
---
4, r...  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Table of Contents

(3)Net revenue of the VIEs disclosed above comprises of the following items:

  net revenue for provision of services and sales of equipment to third parties of RMB8,958.9 million, RMB9,489.5 million and RMB9,919.0 million (US$1,358.9 million) in 2022, 2023 and 2024, respe...  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  net revenue for provision of construction services, research and development services, colocation and managed services and equipment sales to the non-VIE subsidiaries of RMB273.6 million, RMB21...  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  (4)      Net revenue of our company in the year ended December 31, 2022, 2023 and 2024 represents the management service fee charged to the non-VIE subsidiaries and discontinued operations.  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  (5)      To eliminate the above intra-group transactions and our company’s equity in gain or loss of subsidiaries, the VIEs and their subsidiaries.  

Selected Condensed Consolidated Balance Sheets Information

                                                                                                    As of December 31, 2024                                                                             
                                                                                                    Our                               Non-VIE      VIEs and their      Consolidation      Consolidated  
                                                                                                    company                      subsidiaries        subsidiaries      adjustments               Total  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                    (in thousands of RMB)                                                                               
  Assets                                                                                                                                                                                                
  Current assets                                                                                                                                                                                        
  Cash                                                                                              1,498,062                       4,510,777           1,858,820      —                     7,867,659  
  Accounts receivable, net of allowance for credit losses                                           —                                  25,296           2,996,660      —                     3,021,956  
  Other current assets