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      Chindata Group Holdings Limited (CD) stock is going down to 7.71% – Here’s why? - Stocks Telegraph

      By Mahrukh Rehan

      Published on

      December 3, 2021

      12:49 PM UTC

      Chindata Group Holdings Limited (CD) stock is going down to 7.71% – Here’s why? - Stocks Telegraph

      Chindata Group Holdings Limited (CD) experiences a decrease of 7.71% in the premarket. However, the last trading session concluded at $8.82 with a decrease of 1.78%.

      Third Quarter 2021 results of CD – What’s up?

      CD reported third-quarter 2021 results on 24th November 2021. The total revenues climbed by RMB740.8 million i.e., US$115.0 million in the third quarter of 2021. Moreover, the total cost of revenue climbed to US$65.6 million in the third quarter of 2021. It is primarily due to increases in utility costs and depreciation and amortization charges. Lastly, selling and marketing expenditures fell 22.4 percent to US$4.2 million in the third quarter of 2021.

       Now what?

      CD generated another quarter of strong financial results. As the company continued to help and accompany the clients in their quest for success, their business model remained efficient. Moreover, the growth momentum continued robust in the quarter.

      Profitability was consistent, and it was among the industry’s best performers. The adjusted EBITDA margin was in the upper 40s, at 49.7%. The net income was positive for three quarters in a row, at a margin of 10.6%. Lastly, the CD will continue to guarantee that they have varied finance in place to support the development both in China and abroad in the future.

      Zero-carbon solutions by CD – All about it

      On 10th November 2021, CD announced that it was asked to speak at the International Chamber of Commerce’s Make Climate Action Everyone’s Business Forum, which runs concurrently with the UN Climate Change Conference (COP26). In response to climate change, CD shared its zero-carbon digital infrastructure efforts with industry leaders, organizations, and NGOs in Asia-Pacific growing markets.

      CD is delivering net-zero carbon emissions solutions for digital infrastructure in China, as China’s first technology business to present a precise carbon-neutral path. Furthermore, direct green power trading, unique regional green power consumption mechanisms, and the construction of renewable energy power plants.

      Strategic dialogue with the Climate Group

      On 29th October 2021, it was reported that Alex Ju, the founder of CD, met with Helen Clarkson, the CEO of the Climate Group, for a strategic conversation. They discussed the necessity of digital infrastructure in enabling global growth and the role of internet technology businesses in decreasing carbon emissions. Moreover, Helen Clarkson thanked CD for joining the RE100 program and praised the company’s ongoing commitment to zero-carbon computing power.

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