VNET Group, Inc.
Q2 2022 Earnings Call
Aug 30, 2022, 9:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Hello, ladies and gentlemen. Thank you for standing by for the second quarter 2022 earnings conference call for VNET Group, Inc. At this time, all participants are in a listen-only mode. After the speakers' presentations -- after the management's prepared remarks, there will be a question-and-answer session.
Participants from our management include Mr. Samuel Shen, chief executive officer and executive chairman of Retail IDC; Mr. Tim Chen, chief financial officer; and Ms. Xinyuan Liu, investor relations director of the company.
Please note that today's conference call is being recorded. I'll now turn the call over to the first speaker today, Ms. Xinyuan Liu. Please, go ahead.
Xinyuan Liu -- Director, Investor Relationsc
Thank you, operator. Hello, everyone, and welcome to our second quarter 2022 earnings conference call. Our earnings release was distributed earlier today. And you can find a copy on our IR website, as well as on Newswire services.
Please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. For detailed discussions of these risks and uncertainties, please refer to our latest annual report and other documents filed with the SEC. VNET does not undertake any obligation to update any forward-looking statements, except as required under applicable laws.
Please also note that VNET's earnings press release and this conference call include the disclosure of unaudited GAAP financial measures, as well as unaudited non-GAAP financial measures. VNET's earnings press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited GAAP measures. As a reminder, this conference is being recorded. In addition, a webcast of this conference call will also be available on our IR website at ir.vnet.com.
I will now turn the call over to our CEO, Samuel.
Samuel Shen -- Chief Executive Officer and Executive Chairman of Retail IDC
All right. Thank you, Xinyuan. Good morning, and good evening, everyone. Thank you for joining our second quarter 2022 earnings conference call.
During the second quarter, our focus remains on driving healthy results and delivering high-quality solutions and services to our customers. Our solid growth momentum across our business segments, amid macro challenges, clearly reflects the effectiveness of our growth strategy and our strong execution capabilities. On the operations front, total cabinets under management increased to approximately 80,800 by the end of the second quarter, compared with approximately 62,900 one year ago. At the same time, cabinets utilized by customers increased sequentially by approximately 1,500 to 44,500 by the end of the second quarter, compared with approximately 36,600 one year ago.