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GDS Holdings Ltd (GDS): R&D Expense

Annual figures by period end, from SEC filings.

Restated years: each year's figure is from the latest filing that reports it. The company later restated the year ended 2022-12-31 (for example after a spin-off or a discontinued operation), while the year before it was last reported on the old basis. Changes across those points are marked n/c (not comparable), and growth rates are not computed across them.

32.70M CNY
Year ended 2025-12-31
+0.8%
3-year compound annual growth
40.05M CNY2014-12-31: 1.60M CNY2015-12-31: 3.55M CNY2016-12-31: 9.10M CNY2017-12-31: 7.26M CNY2018-12-31: 13.91M CNY2019-12-31: 21.63M CNY2020-12-31: 40.05M CNY2021-12-31: 39.34M CNY2022-12-31: 31.91M CNY2023-12-31: 38.16M CNY2024-12-31: 36.32M CNY2025-12-31: 32.70M CNY32.70M CNY
2014-12-31 R&D Expense (CNY) 2025-12-31
Period endedR&D ExpenseChange YoYSource filing
2025-12-3132.70M CNY-10.0%2026-04-29, From 2025-01-01
2024-12-3136.32M CNY-4.8%2026-04-29, From 2024-01-01
2023-12-3138.16M CNY+19.6%2026-04-29, From 2023-01-01
2022-12-3131.91M CNYn/c2025-04-28, From 2022-01-01
2021-12-3139.34M CNY-1.8%2024-04-29, From 2021-01-01
2020-12-3140.05M CNY+85.2%2023-04-04, From 2020-01-01
2019-12-3121.63M CNY+55.4%2022-04-28, From 2019-01-01
2018-12-3113.91M CNY+91.6%2021-04-12, From 2018-01-01
2017-12-317.26M CNY-20.2%2020-04-17, From 2017-01-01
2016-12-319.10M CNY+156.0%2019-03-13, From 2016-01-01
2015-12-313.55M CNY+122.5%2018-03-29, From 2015-01-01
2014-12-311.60M CNYn/a2017-04-19, From 2014-01-01

R&D Expense at similar companies

Companies with the same SEC industry code (Services-Computer Programming, Data Processing, Etc.), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

CompanyYear endedR&D ExpenseChange YoY
GDS Holdings Ltd (GDS)2025-12-3132.70M CNY-10.0%
Kanzhun Ltd (BZ)2025-12-311.65B CNY-8.9%
HUYA Inc. (HUYA)2025-12-31496.68M CNY-3.1%
DouYu International Holdings Ltd (DOYU)2025-12-31121.06M CNY-33.4%
Sound Group Inc. (SOGP)2025-12-31240.21M CNY+3.2%
Lucas GC Ltd (LGCL)2025-12-31175.43M CNY+4.0%
Baidu, Inc. (BIDU)2025-12-3120.43B CNY-7.7%
Jianpu Technology Inc. (AIJTY)2025-12-3172.53M CNY-6.9%
Aurora Mobile Ltd (JG)2025-12-31104.72M CNY+10.4%

Compare GDS, BZ, HUYA, DOYU side by side · Screen every company in Services-Computer Programming, Data Processing, Etc. ↗