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GDS Holdings Limited

HKD 29.7 -$5.92 (-16.62%)

HKSE · 16 Sep 2026 06:25 UTC

Previous Close

HKD 29.86

Day Range

HKD 29.16HKD 30.28

Year Range

HKD 27.32HKD 46.94

Market Cap

46.32B

AVG Volume

6.13M

Trailing/Forward PE

10.85/1095.17

PEG ratio

-0.11

Dividend Yield

Next Earnings Date

2026-11-24

Primary Exchange

Hong Kong Stock Exchange

Revenue (CNY)

9698.HK Revenue (CNY) by quarter
Period	Revenue (CNY)
26 Q2	3.07B
26 Q1	3.37B
25 Q4	2.92B
25 Q3	2.89B
25 Q2	2.9B
25 Q1	2.72B
24 Q4	2.69B
24 Q3	2.97B
24 Q2	2.83B
24 Q1	2.63B

Net Income (CNY)

9698.HK Net Income (CNY) by quarter
Period	Net Income (CNY)
26 Q2	831.66M
26 Q1	2.65B
25 Q4	-467.05M
25 Q3	725.98M
25 Q2	-72.3M
25 Q1	763.02M
24 Q4	4.19B
24 Q3	-192.34M
24 Q2	-225.74M
24 Q1	-345.83M

Operating Income (CNY)

9698.HK Operating Income (CNY) by quarter
Period	Operating Income (CNY)
26 Q2	437.3M
26 Q1	907.96M
25 Q4	363.27M
25 Q3	362.39M
25 Q2	414.59M
25 Q1	365.24M
24 Q4	281.64M
24 Q3	320.25M
24 Q2	315.63M
24 Q1	219.23M

EBITDA (CNY)

9698.HK EBITDA (CNY) by quarter
Period	EBITDA (CNY)
26 Q2	1.29B
26 Q1	1.73B
25 Q4	1.25B
25 Q3	1.22B
25 Q2	1.28B
25 Q1	2.29B
24 Q4	1.15B
24 Q3	1.21B
24 Q2	1.21B
24 Q1	1.08B

Cash Flows (CNY)

9698.HK Cash Flows (CNY) by quarter
Period	Cash Flows (CNY)
26 Q2	159.49M
26 Q1	-322.35M
25 Q4	62.92M
25 Q3	-685.33M
25 Q2	-399.68M
25 Q1	-229.26M
24 Q4	547.92M
24 Q3	-146.61M
24 Q2	-1.51B
24 Q1	-1.72B

EPS (CNY)

9698.HK EPS (CNY) by quarter
Period	EPS (CNY)
26 Q2	0.39
26 Q1	1.28
25 Q4	-0.31
25 Q3	0.4
25 Q2	-0.06
25 Q1	0.43
24 Q4	2.81
24 Q3	-0.14
24 Q2	-0.16
24 Q1	-0.24

Expenses (CNY)

9698.HK Expenses (CNY) by quarter
Period	Expenses (CNY)
26 Q2	1.42B
26 Q1	993.52M
25 Q4	1.16B
25 Q3	1.7B
25 Q2	1.54B
25 Q1	1.29B
24 Q4	677.86M
24 Q3	1.12B
24 Q2	2.28B
24 Q1	1.95B

Cash & Debt (CNY)

9698.HK Cash & Debt (CNY) by quarter
Period	Cash & Debt (CNY)
26 Q2	14.92B
26 Q1	14.77B
25 Q4	14.98B
25 Q3	13.44B
25 Q2	13.12B
25 Q1	7.58B
24 Q4	7.87B
24 Q3	9.41B
24 Q2	9.91B
24 Q1	7.64B

Debt ratios

9698.HK Debt ratios by quarter
Period	Debt ratios
26 Q2	5.92
26 Q1	5.89
25 Q4	5.39
25 Q3	5.64
25 Q2	5.85
25 Q1	6.21
24 Q4	7.89
24 Q3	24.28
24 Q2	27.07
24 Q1	29.51

Margins

9698.HK Margins by quarter
Period	Margins
26 Q2	19.48%
26 Q1	33.61%
25 Q4	20.96%
25 Q3	22.14%
25 Q2	23.75%
25 Q1	23.68%
24 Q4	21.49%
24 Q3	22.15%
24 Q2	22.57%
24 Q1	21.83%

Return on Capital

9698.HK Return on Capital by quarter
Period	Return on Capital
26 Q2	2.5%
26 Q1	8.19%
25 Q4	-1.68%
25 Q3	2.71%
25 Q2	-0.28%
25 Q1	3.12%
24 Q4	17.7%
24 Q3	-0.78%
24 Q2	-0.99%
24 Q1	-1.75%

Shares Outstanding

9698.HK Shares Outstanding by quarter
Period	Shares Outstanding
26 Q2	1.56B
26 Q1	1.55B
25 Q4	1.55B
25 Q3	1.54B
25 Q2	1.5B
25 Q1	1.48B
24 Q4	1.48B
24 Q3	1.48B
24 Q2	1.47B
24 Q1	1.47B

Book Value Per Share (CNY)

9698.HK Book Value Per Share (CNY) by quarter
Period	Book Value Per Share (CNY)
26 Q2	21.37
26 Q1	20.8
25 Q4	17.85
25 Q3	17.37
25 Q2	17.05
25 Q1	16.47
24 Q4	15.95
24 Q3	16.8
24 Q2	15.53
24 Q1	13.46

Total Assets (CNY)

9698.HK Total Assets (CNY) by quarter
Period	Total Assets (CNY)
26 Q2	85.77B
26 Q1	83.85B
25 Q4	80.03B
25 Q3	78.61B
25 Q2	79.2B
25 Q1	73.46B
24 Q4	73.65B
24 Q3	82.34B
24 Q2	79.17B
24 Q1	75.71B

PE Ratio

9698.HK PE Ratio by quarter
Period	PE Ratio
Sep 26	14
Sep 26	14.3
Sep 26	14.45
Aug 26	15.52
Aug 26	15.66
Aug 26	16.12
Aug 26	15.24
Jul 26	14.68
Jul 26	14.87
Jul 26	14.53
Jul 26	15.03
Jul 26	13.73
Jun 26	39.53
Jun 26	44.64
Jun 26	45.85
Jun 26	48.85
May 26	47.03
May 26	47.52
May 26	60.04
May 26	62.67
Apr 26	58.01
Apr 26	62.98
Apr 26	60.78
Apr 26	58.74
Apr 26	56.82
Mar 26	10.13
Mar 26	10.35
Mar 26	9.94
Mar 26	9.16
Feb 26	10.08
Feb 26	10.59
Feb 26	11.08
Feb 26	10.34
Jan 26	11.06
Jan 26	10.14
Jan 26	10.29
Jan 26	9.64
Jan 26	8.79
Dec 25	8.43
Dec 25	8.38
Dec 25	8.72
Dec 25	8.39
Nov 25	8.32
Nov 25	7.24
Nov 25	8.69
Nov 25	9.51
Oct 25	10.02
Oct 25	10.1
Oct 25	9.23
Oct 25	10.6
Oct 25	11.63
Sep 25	11.84
Sep 25	11.38
Sep 25	11.64
Sep 25	9.71
Aug 25	10.11
Aug 25	9.37
Aug 25	9.51
Aug 25	10.67
Aug 25	10.45
Jul 25	10.75
Jul 25	11.15
Jul 25	9.71
Jul 25	9.64
Jun 25	11.54
Jun 25	10.31
Jun 25	10.07
Jun 25	9.9
May 25	9.41
May 25	10.94
May 25	10.47
May 25	10.28
May 25	11.04
Apr 25	9.1
Apr 25	8.15
Apr 25	8.5
Apr 25	10.28

Free Cash Flow Yield

9698.HK Free Cash Flow Yield by quarter
Period	Free Cash Flow Yield
Sep 26	-3.39%
Sep 26	-3.32%
Sep 26	-3.28%
Aug 26	-3.06%
Aug 26	-3.03%
Aug 26	-2.94%
Aug 26	-3.11%
Jul 26	-3.23%
Jul 26	-3.19%
Jul 26	-3.26%
Jul 26	-3.15%
Jul 26	-3.45%
Jun 26	-3.33%
Jun 26	-2.95%
Jun 26	-2.87%
Jun 26	-2.7%
May 26	-2.8%
May 26	-2.77%
May 26	-2.19%
May 26	-2.1%
Apr 26	-2.27%
Apr 26	-2.09%
Apr 26	-2.17%
Apr 26	-2.24%
Apr 26	-2.32%
Mar 26	-1.35%
Mar 26	-1.32%
Mar 26	-1.37%
Mar 26	-1.49%
Feb 26	-1.36%
Feb 26	-1.29%
Feb 26	-1.23%
Feb 26	-1.32%
Jan 26	-1.24%
Jan 26	-1.35%
Jan 26	-1.33%
Jan 26	-1.42%
Jan 26	-1.55%
Dec 25	-1.62%
Dec 25	-1.63%
Dec 25	-1.57%
Dec 25	-1.63%
Nov 25	-1.64%
Nov 25	-1.89%
Nov 25	-0.56%
Nov 25	-0.51%
Oct 25	-0.48%
Oct 25	-0.48%
Oct 25	-0.53%
Oct 25	-0.46%
Oct 25	-0.42%
Sep 25	-2.49%
Sep 25	-2.59%
Sep 25	-2.53%
Sep 25	-3.03%
Aug 25	-2.91%
Aug 25	-3.14%
Aug 25	-3.1%
Aug 25	-2.76%
Aug 25	-2.82%
Jul 25	-2.74%
Jul 25	-2.64%
Jul 25	-3.03%
Jul 25	-3.05%
Jun 25	-7.15%
Jun 25	-8%
Jun 25	-8.19%
Jun 25	-8.33%
May 25	-8.77%
May 25	-7.54%
May 25	-7.88%
May 25	-8.03%
May 25	-7.47%
Apr 25	-9.07%
Apr 25	-10.12%
Apr 25	-9.71%
Apr 25	-8.02%
Mar 25	-10.9%
Mar 25	-9.6%
Mar 25	-8.31%
Mar 25	-7.5%
Feb 25	-7.59%
Feb 25	-5.62%
Feb 25	-6.84%
Feb 25	-10.11%
Jan 25	-13%
Jan 25	-13.04%
Jan 25	-12.17%
Jan 25	-9.61%
Jan 25	-11.66%
Dec 24	-16.55%
Dec 24	-17.54%
Dec 24	-16.59%
Dec 24	-16.79%
Nov 24	-17.44%
Nov 24	-18.8%
Nov 24	-15.13%
Nov 24	-14.84%
Nov 24	-16.19%
Oct 24	-16.45%

Price to Sales

9698.HK Price to Sales by quarter
Period	Price to Sales
Sep 26	3.29
Sep 26	3.36
Sep 26	3.39
Aug 26	3.64
Aug 26	3.68
Aug 26	3.79
Aug 26	3.58
Jul 26	3.45
Jul 26	3.49
Jul 26	3.41
Jul 26	3.53
Jul 26	3.22
Jun 26	3.28
Jun 26	3.71
Jun 26	3.81
Jun 26	4.06
May 26	3.91
May 26	3.95
May 26	4.99
May 26	5.21
Apr 26	4.82
Apr 26	5.23
Apr 26	5.05
Apr 26	4.88
Apr 26	4.72
Mar 26	5.07
Mar 26	5.18
Mar 26	4.98
Mar 26	4.59
Feb 26	5.05
Feb 26	5.3
Feb 26	5.54
Feb 26	5.17
Jan 26	5.54
Jan 26	5.08
Jan 26	5.15
Jan 26	4.82
Jan 26	4.4
Dec 25	4.22
Dec 25	4.19
Dec 25	4.37
Dec 25	4.2
Nov 25	4.16
Nov 25	3.62
Nov 25	3.61
Nov 25	3.95
Oct 25	4.16
Oct 25	4.2
Oct 25	3.84
Oct 25	4.41
Oct 25	4.84
Sep 25	4.79
Sep 25	4.61
Sep 25	4.71
Sep 25	3.93
Aug 25	4.09
Aug 25	3.79
Aug 25	3.85
Aug 25	4.32
Aug 25	4.23
Jul 25	4.35
Jul 25	4.51
Jul 25	3.93
Jul 25	3.9
Jun 25	3.56
Jun 25	3.18
Jun 25	3.1
Jun 25	3.05
May 25	2.9
May 25	3.37
May 25	3.23
May 25	3.17
May 25	3.4
Apr 25	2.8
Apr 25	2.51
Apr 25	2.62
Apr 25	3.17
Mar 25	3.13
Mar 25	3.55
Mar 25	4.1
Mar 25	4.55
Feb 25	4.49
Feb 25	6.06
Feb 25	4.98
Feb 25	3.37
Jan 25	2.62
Jan 25	2.62
Jan 25	2.8
Jan 25	3.55
Jan 25	2.92
Dec 24	2.62
Dec 24	2.47
Dec 24	2.61
Dec 24	2.58
Nov 24	2.48
Nov 24	2.31
Nov 24	2.87
Nov 24	2.92
Nov 24	2.68
Oct 24	2.63

EV/EBITDA

9698.HK EV/EBITDA by quarter
Period	EV/EBITDA
Sep 26	13.13
Sep 26	13.29
Sep 26	13.37
Aug 26	13.92
Aug 26	13.99
Aug 26	14.23
Aug 26	13.77
Jul 26	13.48
Jul 26	13.58
Jul 26	13.4
Jul 26	13.67
Jul 26	12.99
Jun 26	11.6
Jun 26	12.4
Jun 26	12.6
Jun 26	13.07
May 26	12.78
May 26	12.86
May 26	14.82
May 26	15.24
Apr 26	14.51
Apr 26	15.29
Apr 26	14.94
Apr 26	14.62
Apr 26	14.32
Mar 26	15.2
Mar 26	15.4
Mar 26	15.02
Mar 26	14.29
Feb 26	15.15
Feb 26	15.63
Feb 26	16.09
Feb 26	15.39
Jan 26	16.08
Jan 26	15.21
Jan 26	15.35
Jan 26	14.74
Jan 26	13.94
Dec 25	13.6
Dec 25	13.55
Dec 25	13.87
Dec 25	13.56
Nov 25	13.49
Nov 25	12.47
Nov 25	12.73
Nov 25	13.38
Oct 25	13.78
Oct 25	13.85
Oct 25	13.16
Oct 25	14.24
Oct 25	15.06
Sep 25	15.38
Sep 25	15.03
Sep 25	15.23
Sep 25	13.73
Aug 25	14.04
Aug 25	13.47
Aug 25	13.57
Aug 25	14.48
Aug 25	14.31
Jul 25	14.54
Jul 25	14.85
Jul 25	13.74
Jul 25	13.68
Jun 25	16.42
Jun 25	15.51
Jun 25	15.33
Jun 25	15.21
May 25	14.84
May 25	15.98
May 25	15.63
May 25	15.49
May 25	16.05
Apr 25	14.61
Apr 25	13.91
Apr 25	14.17
Apr 25	15.49
Mar 25	44.43
Mar 25	47.15
Mar 25	50.7
Mar 25	53.56
Feb 25	53.2
Feb 25	63.33
Feb 25	56.37
Feb 25	46
Jan 25	41.18
Jan 25	41.13
Jan 25	42.34
Jan 25	47.13
Jan 25	43.12
Dec 24	45.6
Dec 24	44.56
Dec 24	45.56
Dec 24	45.34
Nov 24	44.65
Nov 24	43.38
Nov 24	47.35
Nov 24	47.73
Nov 24	46.02
Oct 24	45.72

Price/Operating Cashflow

9698.HK Price/Operating Cashflow by quarter
Period	Price/Operating Cashflow
Sep 26	13.03
Sep 26	13.3
Sep 26	13.44
Aug 26	14.44
Aug 26	14.57
Aug 26	15
Aug 26	14.18
Jul 26	13.65
Jul 26	13.84
Jul 26	13.51
Jul 26	13.98
Jul 26	12.78
Jun 26	11.11
Jun 26	12.54
Jun 26	12.88
Jun 26	13.72
May 26	13.21
May 26	13.35
May 26	16.87
May 26	17.61
Apr 26	16.3
Apr 26	17.69
Apr 26	17.08
Apr 26	16.5
Apr 26	15.96
Mar 26	17.04
Mar 26	17.41
Mar 26	16.73
Mar 26	15.42
Feb 26	16.97
Feb 26	17.82
Feb 26	18.64
Feb 26	17.39
Jan 26	18.62
Jan 26	17.07
Jan 26	17.31
Jan 26	16.22
Jan 26	14.8
Dec 25	14.19
Dec 25	14.1
Dec 25	14.68
Dec 25	14.12
Nov 25	13.99
Nov 25	12.19
Nov 25	12.67
Nov 25	13.86
Oct 25	14.6
Oct 25	14.72
Oct 25	13.45
Oct 25	15.45
Oct 25	16.96
Sep 25	19.13
Sep 25	18.4
Sep 25	18.81
Sep 25	15.69
Aug 25	16.34
Aug 25	15.14
Aug 25	15.36
Aug 25	17.25
Aug 25	16.89
Jul 25	17.37
Jul 25	18.03
Jul 25	15.7
Jul 25	15.58
Jun 25	20.8
Jun 25	18.59
Jun 25	18.15
Jun 25	17.85
May 25	16.96
May 25	19.73
May 25	18.88
May 25	18.53
May 25	19.9
Apr 25	16.4
Apr 25	14.69
Apr 25	15.32
Apr 25	18.54
Mar 25	17.87
Mar 25	20.29
Mar 25	23.45
Mar 25	25.98
Feb 25	25.66
Feb 25	34.65
Feb 25	28.48
Feb 25	19.27
Jan 25	14.99
Jan 25	14.95
Jan 25	16.02
Jan 25	20.27
Jan 25	16.71
Dec 24	15.41
Dec 24	14.54
Dec 24	15.38
Dec 24	15.19
Nov 24	14.62
Nov 24	13.57
Nov 24	16.86
Nov 24	17.18
Nov 24	15.76
Oct 24	15.5

Price to Book

9698.HK Price to Book by quarter
Period	Price to Book
Sep 26	1.23
Sep 26	1.25
Sep 26	1.27
Aug 26	1.36
Aug 26	1.37
Aug 26	1.41
Aug 26	1.34
Jul 26	1.29
Jul 26	1.3
Jul 26	1.27
Jul 26	1.32
Jul 26	1.2
Jun 26	1.35
Jun 26	1.53
Jun 26	1.57
Jun 26	1.67
May 26	1.61
May 26	1.63
May 26	2.05
May 26	2.14
Apr 26	1.99
Apr 26	2.16
Apr 26	2.08
Apr 26	2.01
Apr 26	1.94
Mar 26	2.12
Mar 26	2.17
Mar 26	2.08
Mar 26	1.92
Feb 26	2.11
Feb 26	2.22
Feb 26	2.32
Feb 26	2.16
Jan 26	2.32
Jan 26	2.12
Jan 26	2.15
Jan 26	2.02
Jan 26	1.84
Dec 25	1.77
Dec 25	1.75
Dec 25	1.83
Dec 25	1.76
Nov 25	1.74
Nov 25	1.52
Nov 25	1.59
Nov 25	1.74
Oct 25	1.83
Oct 25	1.85
Oct 25	1.69
Oct 25	1.94
Oct 25	2.13
Sep 25	2.2
Sep 25	2.11
Sep 25	2.16
Sep 25	1.8
Aug 25	1.87
Aug 25	1.74
Aug 25	1.76
Aug 25	1.98
Aug 25	1.94
Jul 25	1.99
Jul 25	2.07
Jul 25	1.8
Jul 25	1.79
Jun 25	1.67
Jun 25	1.49
Jun 25	1.46
Jun 25	1.43
May 25	1.36
May 25	1.58
May 25	1.52
May 25	1.49
May 25	1.6
Apr 25	1.32
Apr 25	1.18
Apr 25	1.23
Apr 25	1.49
Mar 25	1.38
Mar 25	1.57
Mar 25	1.82
Mar 25	2.01
Feb 25	1.99
Feb 25	2.68
Feb 25	2.21
Feb 25	1.49
Jan 25	1.16
Jan 25	1.16
Jan 25	1.24
Jan 25	1.57
Jan 25	1.29
Dec 24	1.21
Dec 24	1.14
Dec 24	1.2
Dec 24	1.19
Nov 24	1.14
Nov 24	1.06
Nov 24	1.32
Nov 24	1.34
Nov 24	1.23
Oct 24	1.21

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GDS Holdings Limited

Video analysis: 9698.HK

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