In the early morning of March 31, Beijing time, China's leading third-party neutral data center service provider 21Vianet (NASDAQ: VNET) released its unaudited financial results for the fourth quarter and full year of 2021.

Data shows that 21Vianet's main financial and operational indicators have maintained an upward trend, and its business development has been strong.

In 2021, 21Vianet's full-year net revenue was RMB 6.19 billion (approximately US$971.3 million), a year-on-year increase of 28.2%, and net revenue in the fourth quarter was RMB 1.75 billion (approximately US$273.9 million).

Full-year adjusted EBITDA increased by 32.4% year-on-year, and adjusted EBITDA in the fourth quarter increased by 18.8% year-on-year.

Shen Yuanqing, CEO of 21Vianet, said: "2021 is a fruitful year for us. Facing many external challenges, we have always insisted on promoting the 'dual engine' strategy. Under favorable policies and the long-term trend of digital transformation, we have not only

We have maintained strong business growth and further diversified our financing solutions to enhance business resilience. By adhering to long-term sustainable development and efficiently implementing the 'dual engine' strategy, we firmly believe that our business will continue to grow. 21Vianet's data center in China

Our leading position in the industry will also be further consolidated." Chen Junhua, Chief Financial Officer of 21Vianet, said: "In the fourth quarter of 2021, we still maintained healthy financial performance, with net revenue increasing by nearly 29% year-on-year, and adjusted EBIDTA increasing by nearly 19% year-on-year.

Amid macro uncertainty and external challenges, we have achieved our annual guidance for cabinet delivery. Looking to the future, we will continue to explore various financing solutions to further improve our financial stability, seize development opportunities in the IDC industry, and bring sustained growth to our shareholders.

value." Looking forward to 2022, 21Vianet expects net revenue to be between RMB 7.45 billion and RMB 7.75 billion.

Adjusted EBITDA is expected to be between RMB 1.975 billion and RMB 2.125 billion.

Median net revenue and adjusted EBITDA are expected to increase by 22.8% and 16.9% year-on-year respectively in 2022.

The dual-engine strategy continues to work hard to improve the quality and efficiency of business development. This year, despite repeated epidemics at home and abroad and a global chip shortage, 21Vianet still overcame internal and external environmental challenges and achieved cabinet delivery expectations.

In the fourth quarter of 2021, 21Vianet added 13,276 new cabinets, bringing the total number of cabinets to 78,540, a year-on-year increase of 46.7% compared to 53,553 at the end of 2020, demonstrating solid execution capabilities and robust operational capabilities.

In addition to deeply cultivating the data center business, 21Vianet has also continuously improved its service capabilities to provide customers with richer full-stack services and better meet the diverse needs of customers through network, bare metal, hybrid cloud, operation and maintenance management and other products and services.

At the same time, the retail business achieved steady growth in monthly recurring revenue (MRR) of single cabinets.

MRR hit a new high in the fourth quarter of 2021, reaching RMB 9,301.

Recently, 21Vianet has added five large customized projects, with an order capacity of 23MW.

As of the end of 2021, the total number of 21Vianet's IDC customers exceeded 1,400, retail customers continued to grow, and the trend of diversification continued to strengthen.

With stable operations and strong momentum, 21Vianet has once again won the favor of capital. Relying on its strong technological innovation capabilities, efficient delivery capabilities, and excellent operational capabilities, 21Vianet has continued to achieve strong financial and operational performance, thus gaining the favor of capital.

In the fourth quarter of 2021, 21Vianet signed a strategic joint venture framework agreement with a sovereign wealth fund, and the initial capital target of the strategic investment reached RMB 5 billion.

At the end of January this year, 21Vianet announced that it had received a US$250 million investment from Blackstone.

With the support of abundant capital, 21Vianet will further consolidate its market leading position.

Prospectively deploy the western region and continue to expand first-tier cities and surrounding resources. In 2021, the national "Eastern Digital and Western Counting" project will be officially launched.

Currently, 21Vianet has a layout in five major hub nodes in Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Chengdu-Chongqing and Inner Mongolia, covering both "east" and "west".

Recently, 21Vianet signed an agreement with the Ulanqab Municipal Government to build a cloud computing center with an estimated land area of ??200 acres and a total investment of 3 billion yuan.

In the future, Century will gradually increase the proportion of large and ultra-large data centers in the western region. It is expected that the growth rate of data center investment in the western region will be twice that of the eastern region in the next five years.

In addition, 21Vianet has demonstrated robust data center resource support capabilities in first-tier cities and continues to expand data center resources in and around first-tier cities to meet the needs of customers in resource-scarce cities.