quarter I everyone. joining Thank results. of and will second you our morning, today. for Good with an start overview call good our evening,
Slide strategic to thanks X. continued solid quarter another We execution. to turn delivered Let's strong
year-over-year year-over-year by RMB increased revenues X.X% by X.X% billion, to to EBITDA XXX adjusted X.XX increased million. net RMB Our and
businesses last operational we our wholesale separately. call, net our mentioned we IDC are revenues reporting and our for retail metrics on As now and
our the this segment increasing growth business in with for at XX steady the megawatts to utilization million. increased wholesale rate and wholesale to megawatts, revenue was megawatts by business XX.X%. Capacity net points from for with remained first service driver, XXX business Our quarter-over-quarter key by utilized the by capacity rising quarter X.X year-over-year XXX percentage wholesale RMB XX% revenues XXX from to the
development, June. of increasing with business Our in retail utilization and a ample our and Furthermore, IDC position, of future XX.X% providing unused its and operations XX,XXX of service credit support fundamentals for the to smooth end remain our as cash developments. parent line with business cabinets in maintained healthy robust stable capacity investments rate a
the quarter. Our services support win customers' continue reliable high-quality IT in trust second and to
Greater Beijing for X, Slide the on won in with we see which can data and the center area in you flagship As large year, megawatts, past our XXX megawatts XXX campus Jiangsu recently wins Ulanqab breakthrough for following achieved campus. a in we [ the totaling another wholesale order additional three around IDC orders province in ] totaled
megawatt new X XX order along quarter, XX respectively, megawatts IT customer services secured for the during a and from XXX industry Specifically, second existing recently. we Internet the with significant orders in an megawatts,
in I province, growth this flagship record campus facility set [ confident ] Jiangsu in campus will cutting-edge IDC by We expect our to the are detail Ulanqab's later. our Ulanqab introduce break potential and growth in historical
business service differentiated and model like briefly diverse demand updates. before on review our moving offerings and detailed to to trends Next, I'd business
solutions data we can mission-critical cloud IDC comprehensively comprehensive needs. tailored, create and turn computing and Slide VPN customers' with X, to Let's to holistic offerings meet services, across
critical and services, the VPN our our business progress core to is overall quarter. non-IDC components second made of growth.
We non-IDC are during our businesses, including and IDC cloud important business, in revenue While significant contributors our
acquiring SOE semiconductor, base [ expanded customer its customers new as For in large customer. the ] retail VPN industries and Diyixian services, by as IT well manufacturing
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quarter, customers finance. manufacturing During we in the won second finance, new derivative and
Looking ahead, achieving of further we confident growth. are
the X. Our massive variety IDC needs IDC business that require can small businesses, growth serve and on we segments our to medium wholesale services a from full power and of strategy with a service, retail space size, here is enterprises driven divided any broad into approach. wholesale outlined hyperscale by enterprises dual-core and of effective offering retail across as Slide and By hands-on
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XXXX, customer in diversification the highlighting of of and structure. revenue, risk quarter Additionally, second further stability our top revenue XX.X% contributed XX customers the our within our
AI the processes X let's the economy streamline closer era, the applications mainstream almost results. look in at improve Now every Slide during and development for and demand quarter. to has second shaped our tech industry AI a definitively with the to trends seeking turn that entered digital
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secured of which short in growth facilitate sectors. unleash majority vast potential to Internet AI-driven capacity, industry new services currently services, the our set for leading to positioned well cloud to customers. deployment create video and megawatts our are company.
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industry-leading player, an the high-performance computing remaining forefront with customers tailored of solutions at As provide AI by trends. we
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Slide X. to Moving
facility, our hard work X.X gigawatts. boasting are mentioned We on area kilometers; a at IDC total line XXX earlier, construction plant and total power, square a Campus, state-of-the-art exceeding I planned exceeding Ulanqab IT
now, will for services This and demand, megawatts. campus over customers Internet, large from have autonomous especially we of orders sectors. driving model XXX language secured support training financial As in the
innovative We including bus-based electrical modular for technologies building IDC Campus, standardization, the have data systems. Ulanqab neutralized numerous centers and
capabilities. we leading take which industry delivery showcases For expect the to speed time the [indiscernible] to from excellent line construction the and in X execution represents our months, our first order,
and training IDC We Meanwhile, era language with costs life proactively with needs we to also AI power with in project to power meet line that reduce to consumption.
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Ulanqab IDC a Campus these in stable optimal crewing abundant hub Campus location ideal Ulanqab deployment advantages. capabilities geological making large-scale has reasonable resources available up year, and enjoys significant and providing power XX Ulanqab preferential Campus' benefits of exceptional months structure, host data clean and besides Our of IDC of geographic land are initiative, computing for computing it from proportion a a a to offers for cabinets, IDC as natural energy a and web prices policies high power. electricity energy computing savings.
Furthermore,
Finally, services. Beijing data for enterprises transmission Ulanqab's fulfill connection cable in requirements direct to transmission high-quality high us ensures to efficiency, enabling optical high-speed,
covers our network carriers In through network. service city far addition providers flung and data in broad to not nationwide major connect locations also of but only centers data transmission a Ulanqab, robust domestic
Slide see the River Delta accounting XX%. of can Area capacity is you well and XX, for on Beijing wholesale service the layout with As the XX% Greater and accounting our Yangtze balanced, for
the Yangtze Delta Beijing energy majority AI-related capacity resources Greater in the mainly construction, future while Area advantages. Greater for Beijing accounts River accounts Convenient from hold due compared costs transportation, For to utility Notably, geographical region's our with capacity wholesale XX.X% is lower the XX.X%. demand the XX.X%, other is and abundant regions. development green of the for of under Area. for Greater on Area, wholesale Beijing coming
retail data our our service of of XX,XXX was capacity cabinets For centers, the in end June. as self-build
in capacity and in is Area is Specifically, with River Greater other XX.X% in line of the the and the the distributed rest Greater is XX.X% demand. Delta, in Beijing service Yangtze Bay Area, among regions
Slide year-over-year increase drive Now let's business delve an continues starting our XX. XX% with business quarter. wholesale Wholesale business in this our growth, updates, to on into overall our recording revenue
rate the June last megawatts XXX stable the Our utilization capacity of XX.X% of during ramp-up of XX.X%. rate good capacity Base of to improvements of rate end year. increase robust move-ins customer and of capacity mature and service quarter-over-quarter of as facilitate reflect with and XXX XX.X% to an at from quarter. Utilization remained ability utilization June, our increased megawatts end utilization rate the
XX our by in first Slide XXX depicts of Campus megawatts to clear established across for growth business our Notably, second quarter. XX the quarter, by the We from capacity progress the wholesale customer in utilized from E-JS have capacity. various the XXX increased a our also data C. in driven path strong primarily quarter megawatts aspects center XX second demand megawatts wholesale
in future NOR up megawatts.
This capacity of rate had will demand. order the to is and also the XX second Campus on the to of By which developed construction constructed of ramping the XX.X%. for We based our for quarter total construction end in precommitment a risen phases to in rising mainly customer project, construction by several anticipation increasing June, demand, capacity megawatts be attributed XXX under under increase large XXX began
planning sector. are rate our total a of position capacity we center the market services X to Given the continuous wholesale in centers, to further leadership and data this precommitment demand, targeting gigawatt data capacity high approximately in the expand growth solidify the
as Moving rate utilization increased holding to XX,XXX operate quarter. mature segment utilization XX.X%. second steady stable capacity rate our to This Capacity business the the quarter-over-quarter Slide end capacity at of XX.X% retail cabinets. smoothly rate ramp-up and of XX. at was in on of continued utilization with The June, to XX.X%
quarter-over-quarter slightly X,XXX. RMB increased cabinet to Our retail MRR per
and wholesale In addition capacity business pipeline robust.
Slide we capacity in for have the XX is XX Currently, data depicts second construction. quarter to XXXX. solid a total to over XX under for We our IT the pipeline our our of service, to of centers capacity X months. range end next by the source approximately plan new our XXX months, the deliver megawatts capacity vastly our increasing next of XXX
of wholesale in [indiscernible] our current was service service. capacity to Our for XXX [ capacity that XX equivalent expected business meaning our second the capacity of to as ] in approximately megawatts end the is new of quarter, XX% the
megawatts our In XXX and in terms we approximately XXX XXX are maintaining first we line, of anticipate half time delivery to XXXX, of next target for the delivering of XXX approximately megawatts year. the to delivery
have Specifically, in centers year excellence. the to XXXX.
In Greater execution XXXX. year to under with the be In we XX Delta, strategic XX VNET be the results delivered reflect Beijing construction and XX construction These four expected have front and in our with half half delivered solid expected first and megawatts megawatts four the era. data this core in second the under positioned assets megawatts AI summary, our first as this have we of a strength megawatts XXX quarter centers of data in Area, River runner and Yangtze
will capabilities our innovative density high-power high-quality AI-related and forward, services, sustainable Going to resources growth. empower continue vast IDC diverse
to advancing we as value discuss development We Qiyu financial operating driving committed all to of performance. will innovation our delivering you, stakeholders.
Thank and everyone. and over to now about our I'll industry call more turn remain to grow, the
