VNET Group, Inc. (VNET)

Nasdaq: VNET · Services-Computer Programming, Data Processing, Etc. · Beijing, CN · filing with the SEC since 2011

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Grade4.7

◀ Past 4.4● Present 4.5▶ Future 5.0

3 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of VNET Group, Inc.

Nine metrics read from its own filings, by tense

Headline grade

4.7/10

◀ Past4.425% of the headline

● Present4.535% of the headline

▶ Future5.040% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.4/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 70th percentile among 79 sector filers · read for itself

From the record

VNET Group, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.0/10

What has it actually done, year after year?

+5.7% a year over 3 filed years; profitable in 0 of 3.

weight 45% of this tense · 50th percentile among 70 sector filers · read for its customers

From the record

VNET Group, Inc.'s 3 filed years say what it did: revenue went from CNY 3.4 billion in fiscal 2017 to CNY 3.8 billion in fiscal 2019, up 5.7% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 0 of 3 of those years (its annual reports).

What it rests on

revenue growth over the filed span5.7%bottom 28% of its family
the share of years revenue rosetop 21% of its family
the share of filed years with a profitbottom 14% of its family
the deepest fall from a revenue peak0.0%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

2.0/10

How has it treated the people who own it?

Share count grew 22.0% a year. 0% of cash flow returned. Insiders: 4 sales, 0 purchases.

weight 33% of this tense · 20th percentile among 41 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, VNET Group, Inc.'s diluted share count grew about 22.0% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 4 sales and 0 purchases of their own stock on the open market in the year to 2026-11-03 (their Form 4 filings).

What it rests on

the share count over the yearsbottom 14% of its family
cash returned against operating cash flowbottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.5/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.3/10

Is it financially healthy right now?

ROE -4%: lost 4¢ per shareholder dollar. Leverage 85%: owes 85¢ per asset dollar.

weight 45% of this tense · 43rd percentile among 74 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, VNET Group, Inc. lost about 4 cents for every dollar of shareholders' money, and gross profitability: its products earned about 5 cents per dollar of everything the company owns. Leverage: it owed about 85 cents per dollar of assets, and net share issuance: its share count shrank 7.5% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 20% of its family
return on equitybottom 45% of its family
gross profit against assetsbottom 18% of its family
the share count against the year beforetop 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

4.5/10

How strong is its position in its industry?

bottom 45% of 73 in its family; net margin -4.8%.

weight 33% of this tense · 45th percentile among 73 sector filers · read for its customers

From the record

VNET Group, Inc.'s standing among 73 graded names in its industry family: revenue of CNY 3.8 billion in fiscal 2019 is not ranked by size, since the family reports in another currency; a net margin of -4.8% ranks in the bottom 46%; revenue growth of 5.7% a year over the last 2 filed years ranks in the bottom 44% (its annual reports).

What it rests on

net margin-4.8%bottom 46% of its family
three-year revenue growth5.7%bottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 42 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 42 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 42 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: VNET Group, Inc.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 42 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.0/1040% of the headline grade · 1 of 3 filed, 2 estimated

Room to expand

SI estimate

2.2/10

How much room does it have to grow?

SI estimate 2.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 22nd percentile among 74 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, cash less debt against assets, which ranks in the bottom 22% of 74 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read: The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned: one part: cash less debt against assets, the one part on file, ranked among 74 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: VNET Group, Inc.'s room to expand is put at 2.2 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 22% of 74 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed

6.1/10

What could actually drive growth from here?

top 39% of 70 in its family for growth drivers.

weight 45% of this tense · 61st percentile among 70 sector filers · read for its customers

From the record

VNET Group, Inc.'s growth drivers, from the filed years to fiscal 2019: revenue grew 5.7% a year over the last three filed years against 5.7% over all 3, speeding up (top 24% of its family); the newest year grew 11.4% (top 45%); research spending grew -5.2% a year (bottom 30%); capital spending grew 36.7% a year (top 18%) (its annual reports). VNET Group, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yeartop 24% of its family
the newest year's revenue growth11.4%top 45% of its family
three-year growth of research spending-5.2%bottom 30% of its family
three-year growth of capital spending36.7%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate

5.4/10

Did its newest year beat what its own record pointed to?

SI estimate 5.4/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 65 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 65 members with one.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: family median, 65 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: VNET Group, Inc.'s expectations vs reality is put at 5.4 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 65 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VNET · research, not advice