HK Stock Market Move | GDS-SW (09698) opened over 9% higher, with a net profit of 838 million yuan in the second quarter, turning a profit compared to the same period last year.

GDS-SW (09698) opened up over 9%, as of the time of writing, it rose 9.28% to HKD 33.92, with a transaction volume of HKD 13.9784 million. In news, GDS announced its second-quarter performance, reporting a net income increase of 6.5% year-on-year to RMB 3.088 billion; the net profit was RMB 838 million, compared to a net loss of RMB 70.584 million in the same period last year, successfully turning from loss to profit. The announcement showed that as of the end of the second quarter of 2026, GDS had total contracted and pre-contracted area of 784,800 square meters, an increase of 18.2% year-on-year and an increase of 8.2% quarter-on-quarter. In the second quarter of 2026, the total contracted area grew by 64,800 square meters, with a net increase of 59,300 square meters in the total contracted area.