Vnet (VNET) Construction in Progress (2011 - 2025)

Vnet has disclosed Construction in Progress across 15 years of filings, most recently posting $317.4 million for Q4 2025.

• Construction in Progress for Q4 2025 came in at $317.4 million, down 49.65% year-over-year; the trailing twelve-month figure through Dec 2025 was $317.4 million (down 49.65% YoY), and the FY2025 annual result was $317.4 million, down 49.65% from the prior year.
• Construction in Progress came in at $317.4 million for Q4 2025 at Vnet, down from $630.5 million in the prior quarter.
• In the past five years, Construction in Progress ranged from a high of $630.5 million in Q4 2024 to a low of $317.4 million in Q4 2025.
• The 5-year median for Construction in Progress is $478.4 million (2023), against an average of $464.5 million.
• Across the five-year window, Construction in Progress surged 50.29% in 2021 and plunged 49.65% in 2025, its largest moves.
• Vnet's Construction in Progress stood at $506.7 million in 2021, then dropped by 23.12% to $389.5 million in 2022, then advanced by 22.81% to $478.4 million in 2023, then jumped by 31.81% to $630.5 million in 2024, then slumped by 49.65% to $317.4 million in 2025.
• The last three Construction in Progress figures came in at $317.4 million (Q4 2025), $630.5 million (Q4 2024), and $478.4 million (Q4 2023), per Business Quant data.