VNET Group Files 2024 Annual Report
Ticker: VNET · Form: 20-F · Filed: Apr 25, 2025 · CIK: 1508475
| Field | Detail |
|---|---|
| Company | Vnet Group, Inc. (VNET) |
| Form Type | 20-F |
| Filed Date | Apr 25, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-report, financials, sec-filing
TL;DR
VNET Group filed its 2024 20-F, check financials and convertible note fair value changes.
AI Summary
VNET Group, Inc. filed its 20-F annual report for the fiscal year ending December 31, 2024. The report details financial information, including property, plant, and equipment, and notes changes in the fair value of convertible promissory notes. The company is based in Beijing, China, with its principal executive offices located at Guanjie Building, 10# Jiuxianqiao East Road.
Why It Matters
This filing provides investors with a comprehensive overview of VNET Group's financial performance and position for the past fiscal year, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the nature of its business and international operations can introduce inherent risks.
Key Numbers
- 1513609283 — Property, Plant and Equipment Net (U.S. GAAP) (Represents the net book value of the company's fixed assets.)
- 1582788929 — Property, Plant and Equipment Net (P3Y) (Likely a comparative or adjusted figure for property, plant, and equipment.)
Key Players & Entities
- VNET Group, Inc. (company) — Filer of the 20-F report
- 20241231 (date) — Fiscal year end date
- 20250425 (date) — Filing date
- Beijing (location) — City of company's business and mail address
- 001-35126 (dollar_amount) — SEC File Number
FAQ
What were the significant changes in the fair value of convertible promissory notes during the fiscal year 2024?
The filing references a URL (http://www.en.21vianet.com/20241231#ChangesInFairValueOfConvertiblePromissoryNotes) for details on changes in the fair value of convertible promissory notes, indicating these were a notable area of financial activity.
What is the SEC file number for VNET Group, Inc.?
The SEC file number for VNET Group, Inc. is 001-35126.
When was VNET Group, Inc. previously known by other names?
VNET Group, Inc. was formerly known as 21Vianet Group, Inc. (name change on 20110406) and prior to that, as 21 Vianet Group, Inc. (name change on 20101221).
What is the primary business address of VNET Group, Inc.?
The primary business address of VNET Group, Inc. is Guanjie Building, Southeast 1st Floor, 10# Jiuxianqiao East Road, Beijing, 100016.
What accounting standards are used for reporting Property, Plant and Equipment Net?
The filing indicates that U.S. GAAP is used for reporting Property, Plant and Equipment Net, with specific references to useful life and lease terms.
Filing Details
This Form 20-F (Form 20-F) was filed with the SEC on April 25, 2025 regarding VNET Group, Inc. (VNET).