Chindata Group (CD) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

November 22, 2022 7:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning and good evening, ladies and gentlemen. Thank you for joining, and welcome to Chindata Group Holdings Limited Third Quarter 2022 Earnings Conference Call. We will be hosting a question-and-answer session after management's prepared remarks. Please note that today's event is being recorded.

I would now turn the call over to your first speaker today, Mr. Don Zhou from Investor Relations of Chindata Group. Please go ahead, Don.

Don Zhou

Thank you, Operator. Hello, everyone. Welcome to Chindata Group’s 2022 third quarter earnings conference call. This is Don from Investor Relations team of the company. With us today are Mr. Huapeng Wu, our CEO; Mr. Nick Wang, our CFO; Ms. Zoe Zhuang, our Finance VP; and Ms. Joy Zhang, our General Counsel. During this call, Nick will take you through the quarterly review of our operational performance and Zoe will present our financial results. Management team will be here to answer your questions afterwards. Now, I will quickly go over the Safe Harbor. Some of the statements that we make today regarding our business, operations and financial performance may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially. For more information, please refer to the risk factors discussed in our filings with the SEC. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in our earnings press release, which is distributed and available to the public through our Investor Relations Web site located at investors.chindatagroup.com. We have also updated our quarterly presentation on the company's Investor Relations Web site, which you can refer to as a supplementary material for today's call.

Without further ado, I will now turn over the call to Nick. Nick, please go ahead.

Nick Wang

Thank you, Don. Hello everyone, and thank you for joining the call again. The company continued its solid business performance in the third quarter of 2022. The close collaboration between our team in China and Southeast Asia led to a record nine straight quarters of upbeat financial performance. Revenue in the first nine months in 2022 has already surpassed that of full year 2021, and we are raising our full year guidance for the second time in a year. With the increasing demand for digital infrastructure globally, as well as the catalyst provided by the East Data West Computation policy, the company sees its advantages in hyperscale business to be even more apparent. We will continue to do the right thing in a correct manner to consistently build our capability, to strengthen our research and development, to enhance our competitive power to operate our business in a prudent manner, so as to create long term value for our clients, partners, investors and other stakeholders in a sustainable way.