expenses and 
     other 
     payables            (54,577)       (61,463)       65,481      9,329 
    Deferred 
     revenue               36,008       (14,000)        2,300        328 
    Advances from 
     customers            124,816       (63,305)      222,083     31,647 
    Others              (116,249)       (18,884)    (140,310)   (19,994) 
                   --------------  -------------  -----------  --------- 
 Net cash 
  generated from 
  operating 
  activities              454,313        405,204      760,366    108,350 
                   --------------  -------------  -----------  --------- 
 
 CASH FLOWS FROM 
 INVESTING 
 ACTIVITIES 
 Purchases of 
  property and 
  equipment             (946,444)      (998,489)  (1,426,892)  (203,330) 
 Purchases of 
  intangible 
  assets                 (18,228)        (7,594)     (33,806)    (4,817) 
 Proceeds from 
  (payments for) 
  investments             144,516      (138,224)       92,426     13,171 
 Proceeds from 
  other investing 
  activities               70,010        117,209       31,762      4,526 
                   --------------  -------------  -----------  --------- 
 Net cash used in 
  investing 
  activities            (750,146)    (1,027,098)  (1,336,510)  (190,450) 
                   --------------  -------------  -----------  --------- 
 
 CASH FLOWS FROM 
 FINANCING 
 ACTIVITIES 
 Proceeds from 
  bank 
  borrowings              756,101        690,848      745,534    106,238 
 Repayments of 
  bank 
  borrowings             (78,050)      (533,324)    (129,893)   (18,510) 
 Repayments of 
  2025 
  Convertible 
  Notes                 (148,842)              -            -          - 
 Payments for 
  finance leases         (30,366)        (9,586)     (27,669)    (3,943) 
 Proceeds from 
  (payments for) 
  other financing 
  activities              216,711        516,493     (59,645)    (8,499) 
                   --------------  -------------  -----------  --------- 
 Net cash 
  generated from 
  financing 
  activities              715,554        664,431      528,327     75,286 
                   --------------  -------------  -----------  --------- 
 
 Effect of 
  foreign 
  exchange rate 
  changes on 
  cash, cash 
  equivalents and 
  restricted 
  cash                   (12,476)          3,370      (6,049)      (862) 
 Net increase 
  (decrease) in 
  cash, cash 
  equivalents and 
  restricted 
  cash                    407,245         45,907     (53,866)    (7,676) 
 Cash, cash 
  equivalents and 
  restricted cash 
  at beginning of 
  period                2,616,969      2,089,926    2,135,833    304,354 
                   --------------  -------------  -----------  --------- 
 Cash, cash 
  equivalents and 
  restricted cash 
  at end of 
  period                3,024,214      2,135,833    2,081,967    296,678 
                   ==============  =============  ===========  ========= 
 

View original content:https://www.prnewswire.com/news-releases/vnet-reports-unaudited-third-quarter-2024-financial-results-302311297.html

SOURCE VNET Group, Inc.

(END) Dow Jones Newswires

November 20, 2024 16:30 ET (21:30 GMT)