Core Insights - Kingsoft Cloud (KC.US, 03896) reported its Q2 2025 financial results, highlighting a comprehensive upgrade of product capabilities centered around AI to accelerate client AI application deployment [1] - The company's AI billing revenue reached 730 million yuan, representing a year-on-year growth of over 120%, with public cloud revenue contribution rising to 45% [1] - As the sole strategic cloud platform for the Xiaomi-Kingsoft ecosystem, Kingsoft Cloud capitalized on the substantial demand from ecosystem clients, achieving revenue of 630 million yuan from this partnership, a year-on-year increase of 69.5%, accounting for 26.8% of total revenue [1] - In the first half of the year, revenue from the Xiaomi-Kingsoft ecosystem totaled 1.13 billion yuan, reaching 40% of the annual related transaction total for 2025 [1]

Core Insights - Kingsoft Cloud reported total revenue of RMB 2.349 billion for Q2 2025, representing a year-on-year growth of 24.2% and a quarter-on-quarter growth of 19.3% [1] - The gross profit for the same period was RMB 339 million, showing a year-on-year increase of 6.4% [1] Financial Performance - Total revenue for Q2 2025 reached RMB 2.349 billion, indicating strong growth compared to previous periods [1] - The gross profit of RMB 339 million reflects a positive trend, although the growth rate is lower than that of total revenue [1]

Core Insights - Kingsoft Cloud (NASDAQ: KC, HKEX: 3896) reported strong performance in Q2 2025, driven by positive impacts from AI on its core business [1] Financial Performance - Q2 revenue reached 2.35 billion yuan, representing a year-over-year increase of 24.2% and a quarter-over-quarter increase of 19.3% [1] - AI billing revenue amounted to 730 million yuan, showing a year-over-year growth of over 120%, with public cloud revenue accounting for 45% of total revenue [1] Segment Performance - Public cloud revenue was 1.63 billion yuan, reflecting a year-over-year growth of 31.7% [1] - Industry cloud revenue reached 720 million yuan, with a year-over-year increase of 10.1% [1] Profitability Metrics - Adjusted EBITDA grew by 570.1% year-over-year, reaching 410 million yuan [1] - Adjusted EBITDA margin improved to 17.3%, up 14.1 percentage points year-over-year [1]

Core Insights - Kingsoft Cloud (NASDAQ: KC, HKEX: 3896) reported its Q2 2025 financial results on August 20, 2025, highlighting a comprehensive upgrade of product capabilities centered around AI to accelerate customer AI application deployment [1] Financial Performance - AI billing revenue reached 730 million yuan, representing a year-on-year growth of over 120%, with public cloud revenue accounting for 45% of total revenue [1] - Revenue from the Xiaomi-Kingsoft ecosystem amounted to 630 million yuan, a year-on-year increase of 69.5%, further increasing its revenue share to 26.8% [1] - In the first half of the year, total revenue from the Xiaomi-Kingsoft ecosystem reached 1.13 billion yuan, constituting 40% of the total annual related transaction amount for 2025 [1]

Financial Performance - Kingsoft Cloud reported Q2 2025 revenue of 2.35 billion yuan, a year-on-year increase of 24.2% [1] - Public cloud revenue reached 1.63 billion yuan, up 31.7% year-on-year, while industry cloud revenue was 720 million yuan, growing 10.1% [1] - Adjusted EBITDA increased by 570.1% year-on-year to 410 million yuan, with an adjusted EBITDA margin of 17.3%, up 14.1 percentage points year-on-year [1] Strategic Partnerships - Kingsoft Cloud's revenue from the Xiaomi-Kingsoft ecosystem reached 630 million yuan, a 69.5% year-on-year increase, accounting for 26.8% of total revenue [1] - In the first half of the year, revenue from the Xiaomi-Kingsoft ecosystem totaled 1.13 billion yuan, representing 40% of the annual transaction target for 2025 [1] AI and Product Development - AI billing revenue reached 730 million yuan, growing over 120% year-on-year, and accounted for 45% of public cloud revenue [2] - The company launched several new products, including the ninth-generation cloud servers X9a and C9a, and the ESSD AutoPL storage product, enhancing performance and customization [2] - The newly released cloud-native AI suite offers comprehensive support for large model scenarios, including resource management and intelligent operations [2] Industry Applications - Kingsoft Cloud is focusing on digital transformation in government and enterprise sectors, providing services to over 50 government departments in Beijing and signing contracts with new clients [4] - In the healthcare sector, Kingsoft Cloud is implementing its KDX data platform in various projects, including a health information platform in Changchun and a data lake project for a medical university [5] Leadership Insights - The CEO of Kingsoft Cloud emphasized that AI is injecting new momentum into cloud computing, and the company will continue to leverage its AI strategy to create value for stakeholders [6]

金山云公告，截至2025年6月30日止六个月，营业收入43.19亿元，同比增长17.8%；毛利6.57亿元，同 比增长7.4%；净亏损7.73亿元。 本文源自：金融界AI电报 ...

Core Viewpoint - Kingsoft Cloud (03896) reported a strong performance in the first half of 2025, with significant revenue growth driven by AI-related customer demand and industry cloud project expansion [1] Financial Performance - Revenue reached approximately 4.319 billion yuan, representing a year-on-year increase of 17.8% [1] - Gross profit was approximately 655 million yuan, up 7.4% year-on-year [1] - Adjusted EBITDA was approximately 725 million yuan, showing a remarkable year-on-year growth of 672.62% [1] - Adjusted EBITDA margin stood at 16.8%, an increase of 14.2 percentage points compared to the same period in 2024 [1] Business Strategy - The revenue increase was primarily attributed to strong growth in AI-related customer income and the expansion of industry cloud projects, although this was partially offset by a deliberate reduction in services provided to content delivery network (CDN) customers [1] - Looking ahead to the second half of the year, the company aims to maintain high-quality and sustainable development strategies, continuously investing in technology research and development while enhancing AI capabilities [1] - The company plans to actively embrace the cloud demands of the Xiaomi and Kingsoft ecosystems in the AI era, with a focus on creating value for customers, shareholders, employees, and society [1]

Core Viewpoint - Kingsoft Cloud (03896) reported a strong performance for the first half of 2025, with significant revenue growth driven by AI-related customer demand and industry cloud project expansions [1] Financial Performance - Revenue reached approximately 4.319 billion yuan, representing a year-on-year increase of 17.8% [1] - Gross profit was approximately 657 million yuan, showing a year-on-year growth of 7.4% [1] - Adjusted EBITDA was approximately 725 million yuan, with a remarkable year-on-year increase of 672.62% [1] - Adjusted EBITDA margin stood at 16.8%, an increase of 14.2 percentage points compared to the same period in 2024 [1] Business Strategy - The revenue increase was primarily attributed to strong growth in AI-related customer income and the expansion of industry cloud projects, although this was partially offset by a deliberate reduction in services provided to content delivery network (CDN) customers [1] - Looking ahead to the second half of the year, the company aims to maintain high-quality and sustainable development strategies, continuously investing in technology research and development, and enhancing AI capabilities [1] - The company plans to actively embrace the cloud demands of the Xiaomi and Kingsoft ecosystems in the AI era, with a focus on creating value for customers, shareholders, employees, and society [1]

Market Movements - US stock index futures are all down ahead of the market opening, with Dow futures down 0.11%, S&P 500 futures down 0.08%, and Nasdaq futures down 0.16% [1] - European indices show mixed results, with Germany's DAX down 0.41%, UK's FTSE 100 up 0.26%, France's CAC 40 up 0.12%, and the Euro Stoxx 50 unchanged [1] Oil Prices - WTI crude oil is up 1.25% at $62.54 per barrel, while Brent crude oil is up 1.11% at $66.52 per barrel [2] Market News - Morgan Stanley reports that major tech stocks like Google, Amazon, Apple, Meta, Microsoft, and Nvidia are experiencing the largest underweight by actively managed funds in 16 years, suggesting potential for future gains as institutional funds may increase their holdings [3] - Citadel Securities' Scott Rubner predicts that retail investors' buying activity may slow down in September after a strong market performance in June and July, which typically marks a low point for retail participation [4] - Deutsche Bank questions US Treasury Secretary's call for a significant rate cut, asserting that current interest rates are reasonable based on traditional monetary policy models [4] Company News - Google faces potential forced divestiture of its Chrome browser as part of an antitrust ruling, marking a significant regulatory challenge [6] - Meta is restructuring its AI team into four independent groups to better leverage its recent talent acquisitions, aiming to accelerate its pursuit of "superintelligence" [7] - Target's Q2 net sales fell 0.9% to $25.21 billion, but exceeded market expectations, with adjusted EPS of $2.05, slightly above forecasts [8] - Lowe's Q2 revenue reached $23.96 billion, slightly above expectations, with adjusted EPS of $4.33, also beating forecasts [9] - Estée Lauder's Q4 sales fell 12% to $3.41 billion, with a net loss of $546 million, impacted by restructuring costs [10] - Baidu reported Q2 net profit of 7.322 billion yuan, with total revenue of 32.713 billion yuan, a 4% year-over-year decline [11] - iQIYI's Q2 total revenue was 6.63 billion yuan, with membership service revenue of 4.09 billion yuan [11] - Kingsoft Cloud's Q2 revenue grew 24.2% year-over-year to 2.35 billion yuan, with AI revenue increasing over 120% [11] - Futu Holdings' Q2 revenue rose 69.7% to 5.311 billion HKD, with net profit increasing by 105.2% [12] - SQM's Q2 core earnings dropped 28% due to falling lithium prices, but the company expects prices to recover in Q3 [12]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Kingsoft Cloud Holdings Limited 金山云控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3896） （納斯達克股票代碼：KC） 內幕消息 截至二零二五年六月三十日止三個月的 未經審核財務業績 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09條及證券及期貨條例 （第571章）第XIVA部刊發。 金山云控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司、 其子公司及併表聯屬實體（統稱「本集團」）根據美國證券交易委員會（「美國證交 會」）適用規則刊發的截至二零二五年六月三十日止三個月未經審核簡明綜合業績 （「第二季度業績」）。 第二季度業績乃根據美利堅合眾國公認會計準則（「美國公認會計準則」）編製，其 有別於國際財務報告準則。 本公告附件一為本公司於二零二五年八月二十日（美國東部時間）就第二季度業績 刊發的新聞稿全文，其中部分內容可能構成 ...