GDS Holdings Ltd files 20-F

GDS Holdings Limited reported a net income of RMB959.4 million (US$137.2 million) for the fiscal year ended December 31, 2025, primarily driven by gains from the deconsolidation of several data center project companies. This marks a significant improvement from the net loss of RMB770.9 million in 2024. The company's net revenue increased by 10.8% to RMB11,432.3 million (US$1,634.8 million) in 2025.