Shandong Hi-Speed Holdings Group Ltd. (SDHG), a strategic investor in VNET Group, Inc., reported a significant financial achievement with its net profit surging 506% to RMB476 million in the first half of 2025. This record-breaking performance was largely driven by SDHG's strategic pivot to renewable energy and computing power, with these emerging sectors accounting for 96% of its RMB2.503 billion operating income.
VNET Group Inc., in which SDHG holds a strategic stake, contributed to this success by reporting a 22.1% year-on-year revenue increase to RMB2.43 billion in Q2 2025. VNET's Wholesale Internet Data Center (IDC) business was a standout, soaring 112.5% to RMB850 million during the same period. This strong performance by VNET underscores its critical role in SDHG's 'dual-engine' strategy.
SDHG's dominance in Electricity-Computing Integration is further exemplified by its Ulanqab Source-Grid-Load-Storage Integration Project, which aims to generate 860 million kWh annually. This project is designed to supply power to VNET’s 150MW computing centers, creating a self-sustaining loop between power generation and consumption. The continued success of this partnership reinforces VNET's strategic positioning in China's digital and green tech markets.
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