VNET Group Inc (NASDAQ:VNET) Q2 2024 Results Conference Call August 27, 2024 9:00 PM ET

Company Participants

Xinyuan Liu - Director of Investor Relations
Chenggang Shen - Rotating President & GM-IDC Strategic Business Group
Qiyu Wang - Chief Financial Officer

Conference Call Participants

Yang Liu - Morgan Stanley
Edison Lee - Jefferies
Daley Li - Bank of America
Tim Zhao - Goldman Sachs
Ethan Zhang - Nomura

Operator

Hello, ladies and gentlemen. Thank you for standing by for the second quarter 2024 earnings conference call for VNET Group Inc. After the management's prepared remarks, there will be a question-and-answer session. [Operator Instructions]

Participants from our management 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.

I will now turn the call over to your first speaker today, Ms. Xinyuan Liu. Please go ahead.

Xinyuan Liu

Thank you, operator. Hello, everyone, and welcome to our second quarter 2024 earnings conference call. Our earnings release was distributed earlier today, and you can find a copy on our aside as well as our 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 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 release and this conference call include the disclosure of audited GAAP and non-GAAP financial matters. VNET's press release contains a reconciliation of the unaudited non-GAAP matters to the unaudited GAAP matters.

A summary presentation, which we will refer to during this conference call, can be viewed and downloaded from our website at ir.vnet.com.

Next, I'd like to alert you that we will be utilizing text-to-speech technology powered by [indiscernible].ai.

To deliver this quarter's prepared remarks are Gavin Shen, our Rotating President; and Qiyu Wang, our CFO. We are excited to showcase just one of the many innovative ways in which VNET is embracing AI trends and maximizing [indiscernible] value.

Gavin and Qiyu will join the Q&A session in person. Additionally, this conference is being recorded. A webcast of this conference call will also be available on our website at ir.vnet.com.