Chindata Group Holdings Limited (NASDAQ:CD) Q3 2022 Earnings Call Transcript

Nick Wang: Thank you, everyone, for attending this conference call. As you can see that we probably have a little bit contrarian, I would say, the business momentum undergoing in three ways. Our move-in is very healthy and strong. Our current under construction development projects are very strong, on time and some of them even got delivered earlier under the request from the customer. And third, very important, our future demand, as you can see from the answers from CEO and myself and other management will be ongoing, very strong. And we anticipate that our very initial strategy to find the most efficient way of converting electric power to computing power that continue to play out in the future and bring the higher profitability, not just the operating profitability, I want to emphasize, but the return on asset, return on asset, which is historically speaking at the high teen levels.

This is actually more meaningful to all the stakeholders concerned, including both equity investors and also creditors. So that’s I want to say. And that the company kind of keep focusing on the efficiency, keep focusing on the hyperscale business scale and keep focusing a balanced investment versus return in the foreseeable future. And thank you for your time.

Operator: Ladies and gentlemen, that concludes our conference for today. Thank you for participating. You may now disconnect.