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CD - Chindata ADS reports Q1 results; raises FY22 guidance
Chindata Group Holdings Limited
Chindata ADS press release (NASDAQ:CD): Q1 net income reached RMB 90M. Revenue of RMB 920M, representing a Y/Y increase of 43.1%. Adjusted EBITDA was RMB 490M, representing a Y/Y increase of 60.7%. Chindata Group raised its 2022 full year guidance for both revenue and adjusted EBITDA increased by RMB60M, with revenue guidance turning to RMB4,130M-RMB4,230M vs. estimated growth of 39.01% Y/Y, and adjusted EBITDA guidance turning to RMB2,100M-RMB2,180M.