# GDS Holdings Limited (GDS)

> Technology · CN · Reports in CNY

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/GDS/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | ¥ 6.45B | ¥ 3.48B | ¥ -160.56M | ¥ 47.39B | ¥ 32.35B |
| 2025 | ¥ 11.43B | ¥ 949.64M | ¥ -1.29B | ¥ 47.55B | ¥ 26.86B |
| 2024 | ¥ 11.16B | ¥ 3.44B | ¥ 1.45B | ¥ 44.46B | ¥ 23.54B |
| 2023 | ¥ 10.01B | ¥ -4.31B | ¥ -4.21B | ¥ 44.02B | ¥ 19.96B |
| 2022 | ¥ 9.35B | ¥ -1.27B | ¥ -7.30B | ¥ 44.68B | ¥ 24.07B |
| 2021 | ¥ 7.98B | ¥ -1.24B | ¥ -7.03B | ¥ 37.79B | ¥ 24.47B |
| 2020 | ¥ 5.94B | ¥ -690.01M | ¥ -7.97B | ¥ 24.63B | ¥ 25.57B |
| 2019 | ¥ 4.28B | ¥ -458.98M | ¥ -4.42B | ¥ 16.95B | ¥ 10.29B |
| 2018 | ¥ 3.03B | ¥ -466.42M | ¥ -4.63B | ¥ 12.79B | ¥ 5.52B |
| 2017 | ¥ 1.79B | ¥ -361.15M | ¥ -2.14B | ¥ 6.65B | ¥ 4.48B |
| 2016 | ¥ 1.19B | ¥ -311.03M | ¥ -1.28B | ¥ 4.29B | ¥ 2.99B |
| 2015 | ¥ 810.80M | ¥ -150.91M | ¥ -933.33M | ¥ 2.51B | ¥ 2.05B |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 1.46 |
| Liabilities / Eq | 1.62 |
| Current Ratio | 1.78 |

## Other views

- [Metrics](https://sponda.capital/en/GDS.md)
- [Charts](https://sponda.capital/en/GDS/charts.md)
- [Compare](https://sponda.capital/en/GDS/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.