SUNeVision Holdings Ltd. (“SUNeVision”), the technology arm of Sun Hung Kai Properties Ltd. and the largest data centre provider in Hong Kong, today announced its interim results for the six months ended 31 December 2021.
During the period under review, revenue increased 8% year on year to HK$995 million, of which revenue from data centre business grew 9 per cent to HK$935 million, driven by the demand from both existing and new customers and the full period contribution of new contracts signed in the financial year 2020/21. Excluding the impact from Covid-19 related subsidies of HK$14 million last year, EBITDA rose 12% year on year to HK$728 million and profit attributable to owners of the Company increased 10% year on year to HK$410 million.
“The demand for data centre services remained strong. Firstly, the demand for connectivity capacity has remained robust as the usage of online applications such as video conferencing, e-commerce, streaming and gaming stayed at a high level. Secondly, the demand for “hyperscale” capacity has continued to be strong and unaffected by geo-political tensions. Driven by the step-up in cloud adoption in Asia, all major cloud players have been expanding their capacity in Hong Kong. We see such demand to continue and this has benefited our data centres.” Raymond Tong, Chief Executive Officer of SUNeVision
Upcoming Projects
Despite the ongoing challenges of many staff and partners working away from their offices as well as global supply chains and logistics issues, construction for new projects has progressed to the final stages, the company said. The two new facilities, MEGA Gateway and MEGA IDC, is on target to be opened in the second half of 2022 and the first half of 2023 respectively, it added.
SUNeVision said this is important because SUNeVision’s current facilities are nearly full, and these two projects will substantially increase the group’s capacity. MEGA Fanling, the new single user data centre project announced in July 2021, will start to operate in the first half of 2022.
Infra upgrades
As part of its commitment to provide state of the art data centre services, the SUNeVision said that the power density and the infrastructure of both MEGA-i and MEGA Two have been upgraded. This allows existing customers to increase their power usage without the need to expand their floor area and enables new customers with high-power requirements to establish their presence in the facilities, it said.
Also, SUNeVision has set targets of achieving an overall Coefficient of Performance (“COP”) of 5 or above for the Group’s chillers by the year 2030, resulting in a substantial decrease in carbon intensity for data centre cooling. The Group will achieve these targets by procuring and deploying energy-efficient water-cooled and air-cooled chillers in existing and new data centres.
Another example is at MEGA Plus, solar panels are being installed to improve power usage efficiency and allow the Group to further reduce its carbon footprint. SUNeVision will continue to invest in best-in-class infrastructure and services to service customers in a sustainable environment, it said.
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