VNET Group, Inc. reported unaudited second quarter 2026 financial results and announced a strategic cooperation agreement with Contemporary Amperex Technology Co., Limited (CATL). Total net revenues increased 14.2% year-over-year to RMB2.78 billion (US$409.5 million), driven by a 29.3% rise in wholesale IDC revenues to RMB1.10 billion. Adjusted EBITDA grew 25.4% to RMB918.3 million, with an adjusted net income of RMB7.4 million compared to an adjusted net loss in the prior year period. The company secured a 345MW wholesale order and expanded its land bank by approximately 1.4GW. VNET provided full-year 2026 revenue guidance of RMB11.5 billion to RMB11.8 billion and capital expenditure estimates of RMB10 billion to RMB12 billion. The company operates in the internet data center services industry, providing hosting, cloud, and VPN infrastructure.