VNET Group Inc. (NASDAQ:VNET) Q1 2024 Results Conference Call May 30, 2024 9:00 PM ET

Company Participants

Xinyuan Liu - Director of Investor Relations
Sheng Chen - Co-Founder, Executive Co-Chairman & Interim CEO
Qiyu Wang - Chief Financial Officer

Conference Call Participants

Edison Lee - Jefferies
Yang Liu - Morgan Stanley
Daley Li - Bank of America Securities
Timothy Zhao - Goldman Sachs

Operator

Hello, ladies and gentlemen. Thank you for standing by for the First Quarter 2024 Earnings Conference Call for VNET Group, Inc. [Operator Instructions]

Management from our management today include Mr. Gavin Shen, rotating President; Mr. Qiyu Wang, Chief Financial Officer; Ms. Xinyuan Liu, Investor Relations Director of the company. Please note that today's conference call is being recorded.

Now I'll turn the call over to first speaker today, Ms. Xinyuan Liu. Please go ahead.

Xinyuan Liu

Thank you, operator. Hello, everyone, and welcome to our first quarter 2024 earnings conference call. Our earnings release was distributed earlier today. and you can find a copy on our website as well as on Newswire services.

Please note that today's call will contain forward-looking statements made under the safe harbor provisions of the U.S. 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 reports and other documents filed with the SEC.

VNET does not undertake any obligation to update any forward-looking statements except as required under applicable law. Please also note that VNET's earnings press release and this conference call includes the disclosure of unaudited GAAP and non-GAAP financial matters. VNET's earnings press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited GAAP matters.

As a reminder, this conference is being recorded. In addition, a webcast of this conference call will also be available on our website at ir.vnet.com. Before we start today's presentation, let me briefly introduce Mr. Gavin Shen.

Beginning in May 2024, Gavin has undertaken this role of group's rotating President while also serving as the General Manager of the [indiscernible] Strategic Business Group. Gavin joined VNET as our Vice President in 2017 and in January 2020, became Senior Vice President, bringing nearly 20 years of business operations management experience, the IT strategic planning, cloud computing and business centers.

I will now turn the call over to Gavin. Please go ahead.