BEIJING, May 13, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“Kingsoft Cloud” or the “Company”), a leading cloud service provider in China, today announced that it will release its unaudited financial results for the first quarter 2025 ended March 31, 2025 before the open of U.S. markets on Wednesday, May 28, 2025. Kingsoft Cloud’s management will host an earnings conference call on Wednesday May 28, 2025 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Tim ...

Core Viewpoint - Kingsoft Cloud Holdings Limited has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Revisions - The Zacks rating system focuses on the consensus measure of EPS estimates from sell-side analysts, which is crucial for understanding a company's earnings trajectory [2]. - Kingsoft Cloud is projected to earn -$0.32 per share for the fiscal year ending December 2025, reflecting a year-over-year change of 28.9% [8]. - Over the past three months, the Zacks Consensus Estimate for Kingsoft Cloud has increased by 5.8%, indicating a positive trend in earnings estimates [8]. Impact of Institutional Investors - Changes in earnings estimates are strongly correlated with stock price movements, largely due to institutional investors who adjust their valuations based on these estimates [4]. - An increase in earnings estimates typically leads to higher fair value calculations for stocks, prompting institutional buying or selling, which in turn affects stock prices [4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - Kingsoft Cloud's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

BEIJING, April 16, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced the pricing of its underwritten public offering (the “Public Offering”) of 18,500,000 of American depositary shares (the “ADSs”), each representing 15 ordinary shares of the Company, at a price of US$11.27 per ADS or a total of 277,500,000 ordinary shares at a price of HK$5.83 per ordinary share, based upon eac ...

AI and Technological Development - Kingsoft Cloud aims to enhance its AI capabilities and invest in technological R&D to drive high-quality sustainable development[15]. - The company emphasizes low-carbon and green development, focusing on making data centers greener and achieving carbon neutrality commitments[16]. - Kingsoft Cloud's KDX Industry DaaS Platform and other products were recognized in the Panorama of High-Quality Development for Digital Medical Products and Services[30]. - The company was included in the leader quadrant of the "Quadrant Analysis Chart for Competitiveness of Service Providers in China's Government Cloud Market in 2023"[31]. - Kingsoft Cloud's cloud products are tailored to various industry verticals, including healthcare, AI, and financial services, enhancing its market position[26]. Healthcare Initiatives - Kingsoft Cloud has established five core business models in healthcare, including Regional Health Cloud and Smart Hospitals, to strengthen healthcare systems[19]. Intellectual Property Management - The company continues to refine its intellectual property management system to protect its innovations and foster a healthy ecosystem for innovation[17]. - Kingsoft Cloud secured a cumulative total of 1,304 granted patents worldwide by the end of 2024, including 1,168 invention patents, 135 design patents, and 1 utility model patent[49]. - Kingsoft Cloud emphasizes the importance of intellectual property management, ensuring compliance with relevant laws and enhancing protection of its innovations[101]. - The company has upgraded its intellectual property management system, conducting regular patent monitoring and data analyses to safeguard proprietary IP[105]. - In 2024, Kingsoft Cloud conducted 10 IP-related training sessions, with over 240 participants from various R&D departments[118][122]. - The "426 Intellectual Property Drive" attracted 759 participants in online quizzes and over 560 participants in offline activities, enhancing employee engagement in IP protection[119]. - Kingsoft Cloud received the Excellence Award in the 25th China Patent Awards, recognizing its achievements in intellectual property management[113]. Corporate Social Responsibility and ESG - The company is focused on delivering reliable cloud services while actively engaging in corporate social responsibility initiatives[19]. - Kingsoft Cloud won the "Best ESG Enterprise Award" in the 9th ranking of listed companies by Zhitong Caijing[40]. - Kingsoft Cloud has established environmental management targets and the Board has reviewed the achievement of these targets to promote ESG management[79]. - The company has identified 18 key ESG topics through materiality analysis, with 9 highly material topics prioritized for action[94]. - Kingsoft Cloud actively engages with stakeholders, focusing on privacy and data security, product stability, and business compliance among other ESG issues[92]. - The company has integrated ESG objectives into the performance evaluation for management and employees, linking compensation to sustainability performance[87]. - Kingsoft Cloud has developed processes for identifying and managing climate change-related risks and opportunities within its risk management system[78]. - The Company is committed to building sustainable supply chains and promoting public welfare through collaboration with stakeholders[90]. Quality Management and Operational Efficiency - The Company established a dedicated Quality Department to oversee quality management across core business operations, including public cloud, edge cloud, and galaxy cloud product lines[166]. - The Company achieved 100% monitoring of basic indicators related to physical equipment and operating systems, ensuring service stability and compliance[177]. - The Company successfully passed the ITSS Operation and Maintenance Standard Compliance Assessment with a maturity of Level 1, highlighting its industry-leading operational capabilities[192]. - The Company enhanced its change management process, achieving 0 failures due to platform changes this year[182]. - The Company introduced 29% more automated processing solutions for high-frequency alert scenarios, significantly improving operational efficiency[185]. - The Company formulated and updated 22 emergency plans for major incidents, significantly reducing the Recovery Time Objective (RTO) and enhancing business continuity capabilities[189]. - The Company implemented a comprehensive potential hazard control system to prevent system failures across product R&D, delivery management, and infrastructure development[172]. - The Company refined its quality performance assessment framework using the Objectives and Key Results (OKR) methodology, ensuring alignment with business characteristics[167]. - The Company enhanced operational stability by updating its quality management system and ensuring no incidents led to operational downtime during the reporting period[168]. - The Company developed visualization solutions for low-frequency blackout change operations, achieving 100% visualized access and elevating operational control[182]. - In 2024, frontline operations and maintenance personnel achieved a 100% pass rate in assessments, ensuring long-term stability for business operations[196]. - The Company integrated quality management into daily operations, publishing monthly quality metrics and establishing four major quality awards to recognize quality improvement efforts[195]. Customer Service and Engagement - Kingsoft Cloud has developed the Active Service Action Guide to proactively identify customer needs and provide forward-looking recommendations, enhancing service quality[198]. - The Company has optimized its after-sales service system, revising service documentation and enhancing the professionalism of after-sales teams[198]. - All service processes have been brought online to ensure the delivery of SLAs and enable visibility and traceability across the service lifecycle[199]. - A professional customer service team has been established, engaging senior technical experts to standardize workflows and improve response speed[200]. - The Company focuses on three core pillars: standardization, management, and processes, to enhance service delivery and customer satisfaction[198]. - Kingsoft Cloud emphasizes a customer-centric service philosophy, aiming to deliver a more professional and attentive service experience[198]. - The collaboration between cloud computing, edge cloud, core infrastructure, and technical support teams ensures stable and efficient services that meet diverse customer needs[200]. Employee Engagement and Integrity - Kingsoft Cloud's female members accounted for 12% of the executive management and 38% of the total workforce as of December 31, 2024[50]. - The Company organized 19 integrity-themed education activities and training sessions, resulting in 29,421 interactions across various communication channels[152]. - The Company established a whistleblowing mechanism, encouraging real-name and anonymous reporting of non-compliant behaviors[154]. - Kingsoft Cloud's integrity initiatives included the "Sunshine Classroom" program, enhancing ethical awareness among employees[146]. - In 2024, there was no fraud action or litigation proceeding against Kingsoft Cloud or its employees[140].

BEIJING, April 15, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (“SEC”) on April 15, 2025. The annual report can be accessed on the Company's investor relations website at http://ir.ksyun.com as well as the SEC's website at http://www.se ...

Customer Metrics - The total number of Premium Customers decreased from 537 in 2022 to 486 in 2023, with a slight recovery to 492 in 2024[533]. - Average revenues per Premium Customer decreased from RMB 14.9 million in 2022 to RMB 14.2 million in 2023, and further to RMB 14.0 million in 2024[542]. Revenue Performance - Public Cloud Services revenues were RMB 5,360,282 thousand in 2022, decreasing to RMB 4,381,741 thousand in 2023, but projected to rise to RMB 5,007,251 thousand in 2024, representing 64.3% of total revenues[544]. - Enterprise Cloud Services revenues were RMB 2,816,976 thousand in 2022, slightly declining to RMB 2,663,993 thousand in 2023, with a forecasted increase to RMB 2,777,777 thousand in 2024, accounting for 35.7% of total revenues[544]. - Revenues increased by 10.5% from RMB7,047.5 million in 2023 to RMB7,785.2 million (US$1,066.6 million) in 2024, driven by strong demand from AI business and enterprise cloud projects[559]. - Revenues from public cloud services rose by 14.3% from RMB4,381.7 million in 2023 to RMB5,007.3 million (US$686.0 million) in 2024, primarily due to AI business demand[560]. Profitability and Losses - Gross profit increased by 57.7% from RMB850.2 million in 2023 to RMB1,340.9 million (US$183.7 million) in 2024, with gross profit margin improving from 12.1% to 17.2%[563]. - Operating loss decreased by 17.5% from RMB2,108.6 million in 2023 to RMB1,739.0 million (US$238.2 million) in 2024, with operating loss margin improving from 29.9% to 22.3%[567]. - Net loss decreased by 9.4% from RMB2,183.6 million in 2023 to RMB1,979.0 million (US$271.1 million) in 2024, with net loss margin improving from 31.0% to 25.4%[574][575]. - The adjusted net loss for Kingsoft Cloud decreased from RMB 2.69 billion in 2022 to RMB 1.98 billion in 2024, indicating an improvement of about 26%[603]. - The adjusted EBITDA is projected to turn positive in 2024, reaching RMB 638.9 million, compared to a loss of RMB 755 million in 2022[603]. - The adjusted gross margin improved from 5.3% in 2022 to an estimated 17.2% in 2024, showing a significant increase of 224%[601]. Expenses - Research and development expenses were RMB 971,216 thousand in 2022, decreasing to RMB 784,807 thousand in 2023, and projected to rise to RMB 845,989 thousand in 2024[551]. - Research and development expenses increased by 7.8% from RMB784.8 million in 2023 to RMB846.0 million (US$115.9 million) in 2024, mainly due to rising personnel-related expenses[564]. - Operating expenses increased from RMB 2,680,952 thousand in 2022 to RMB 2,958,720 thousand in 2023, with a forecast of RMB 3,079,936 thousand in 2024[551]. - General and administrative expenses decreased by 21.2% from RMB1,060.0 million in 2023 to RMB834.9 million (US$114.4 million) in 2024, primarily due to reduced credit loss expenses[566]. Cash Flow and Financing - The company generated net cash from operating activities of RMB628.4 million (US$86.1 million) in 2024, contrasting with a net cash outflow of RMB169.1 million in 2023[619][620]. - Net cash used in investing activities was RMB3,620.4 million (US$496.0 million) in 2024, primarily due to the purchase of property and equipment amounting to RMB3,672.1 million (US$503.1 million)[623]. - The company recorded net cash generated from financing activities of RMB3,255.4 million (US$446.0 million) in 2024, mainly from short-term borrowings of RMB2,465.9 million (US$337.8 million)[626]. - Kingsoft Cloud's accumulated deficit reached RMB14,292.0 million (US$1,958.0 million) as of December 31, 2024, with net current liabilities of RMB2,318.6 million (US$317.7 million)[614][617]. - Kingsoft Cloud made a capital contribution of RMB 431.3 million (US$59.1 million) to its WFOEs in 2024[605]. - The company provided loans amounting to RMB 219 million (US$30 million) to the VIEs in 2024, while repaying RMB 50 million (US$6.9 million)[606]. Taxation and Regulatory - Kingsoft Cloud's PRC entities benefit from a preferential income tax rate of 15% as High New Technology Enterprises, which will continue until 2026 for several subsidiaries[595]. - The company is required to set aside at least 10% of its after-tax profits each year for statutory reserve funds, which limits the distributable profits available for dividends[611]. - Kingsoft Cloud's management believes the likelihood of incurring double taxation due to non-deductible transfers is remote, despite potential tax planning challenges[610]. Market and Competitive Landscape - The competitive landscape remains challenging, with increased competition potentially affecting the company's financial condition and results of operations[539]. - The company aims to enhance the quality and efficiency of existing products and solutions to retain and acquire new customers[534]. - The company plans to continue investing in technology and infrastructure to enhance product capabilities and expand resources[537]. Asset Management - The fair value of the Cloud service and solutions reporting unit as of September 30, 2024, was RMB4,205.0 million (US$576.1 million), exceeding its carrying amount by RMB1,169.9 million (US$160.3 million) or 39%[644]. - Impairment losses for long-lived assets associated with the public cloud asset group were recognized at RMB919.7 million (US$126.0 million) for the year ended December 31, 2024[651]. - The company entered into a non-cancelable one-year IDC service agreement with total contractual minimum purchase commitments of RMB600.0 million (US$82.2 million)[636]. - The remaining purchase commitment for IDC services as of December 31, 2024, was RMB252.9 million (US$34.6 million)[636]. - As of December 31, 2024, financial lease liabilities were RMB1,182.0 million (US$161.9 million), primarily related to electronic equipment and data center machinery[634]. Borrowings and Liabilities - As of December 31, 2024, short-term third-party borrowings amounted to RMB2,225.8 million (US$304.9 million) and long-term borrowings were RMB1,660.6 million (US$227.5 million), both with fixed annual interest rates ranging from 2.70% to 5.97%[631]. - Kingsoft Cloud has not declared or paid any dividends and intends to retain available funds for business operations and expansion[607]. - The company experienced net operating cash outflows in 2023, highlighting ongoing liquidity challenges despite improvements in cash generation in 2024[614][620]. - Kingsoft Cloud's future working capital and capital expenditures will be financed through cash generated from operations and potential additional financing, with a focus on maintaining prudent capital management[615]. - Capital expenditures for 2024 reached RMB4,124.7 million (US$565.1 million), with property and equipment purchases accounting for 99.7% of total capital expenditures[630].

针对关税谈判，欧盟发出最新警告！ 欧盟委员会主席冯德莱恩当地时间10日表示，如果与美国的关税谈判失败，欧盟可能会对美国的大型科技公 司征收关税。 股市方面，由"对等关税"引发的波动仍在持续。周五，欧洲股市巨震，德国DAX指数、法国CAC40指数集体 高开，开盘不久后涨幅均超过1%，不过随便出现大跳水，德国DAX指数盘中一度跌超2%，法国CAC40指数 一度跌超1.6%。 本周，美股也被抛售。美国银行全球研究部周五表示，在截至周三的5个交易日里，由于"对等关税"引发的市 场动荡，外国投资者抛售了65亿美元的美国股票。 周五盘中，美股三大指数也大幅波动。截至北京时间晚上10点30分，道指跌0.78%，纳指跌0.93%，标普500 指数跌0.84%。大型科技股多数下跌，特斯拉跌超3%，亚马逊跌1.59%，苹果跌0.25%。中概股表现相对较 强，纳斯达克中国金龙指数微跌0.10%，金山云涨近10%，小鹏汽车涨超7%，理想汽车涨超4%，百度集团涨 超2%。 据报道，欧盟将"反胁迫工具"视作其"最强大的经济武器"，这项工具不仅可以被用来向进口商品征税，还可限 制第三国公司参与公共采购项目，或对服务贸易和投资设限。除了可能 ...

作 者丨张赛男 编 辑丨巫燕玲 刘雪莹 ETF放量、富时中国A5 0指数期货直线拉升、创业板指反弹！ 农业股持续大涨，北大荒等1 0余股涨停。大消费股震荡反弹，零售方向领涨，永辉超市等多股涨停。中字头、基建股一度冲高，中国中车接 近涨停。 港股走强，恒生指数涨1 . 5 8%，恒生科技指数涨3 . 5 7%。金山云、越疆、茶百道涨超1 0%，小米集团涨超5%。 4 月 8 日 早 盘 ， 中 证 5 0 0ETF （ 5 1 0 5 0 0 ） 成 交 超 6 3 亿 ， 南 方 中 证 1 0 0 0ETF （ 5 1 2 1 0 0 ） 、 华 夏 中 证 1 0 0 0ETF （ 1 5 9 8 4 5 ） 、 广 发 中 证 1 0 0 0ETF （5 6 0 0 1 0）、富国中证1 0 0 0ETF（1 5 9 6 2 9）成交超1 0亿元，均超昨日全天成交额。 | 159575 | 宽 创业板200ETF银华 | 1.021 | 0.033 | 3.34% | | --- | --- | --- | --- | --- | | 589630 | 宽 科创综指ETF国泰 | 0.841 | 0.0 ...

Financial Data and Key Metrics Changes - The company achieved total revenue of RMB2,232.1 million in Q4 2024, reflecting a year-over-year increase of 29.6% [30] - Non-GAAP operating profit turned positive for the first time, reaching RMB24.4 million compared to a loss of RMB187.6 million in the same period last year [34] - Non-GAAP gross profit reached a record high of RMB427.7 million, up 63% year-over-year, with a non-GAAP gross margin of 19.2% [11][33] - Non-GAAP EBITDA margin reached 16.1%, compared to negative 1.6% in the same quarter last year [35] Business Line Data and Key Metrics Changes - Public Cloud revenue grew by 34% year-over-year to RMB1,409.8 million, driven by AI-related business [30][15] - Enterprise Cloud revenue amounted to RMB822.3 million, increasing by 22.7% year-over-year [18] - AI-related business achieved gross billing of RMB474 million, representing nearly 500% year-over-year growth [13][27] Market Data and Key Metrics Changes - Revenue from the Xiaomi and Kingsoft ecosystem reached RMB493 million, up 78% year-over-year, contributing 22% to total revenues [14] - The company is positioned as the sole strategic cloud platform within the Xiaomi and Kingsoft ecosystem, capitalizing on AI opportunities [15] Company Strategy and Development Direction - The company aims to deepen cooperation with the Xiaomi and Kingsoft ecosystem and explore AI opportunities to create value for stakeholders [23] - The focus is on high-quality and sustainable development, with expectations for accelerated revenue growth and improved profitability in 2025 [37] Management Comments on Operating Environment and Future Outlook - Management highlighted the positive impact of AI advancements on the cloud computing industry, indicating a broader acceptance and application of AI technologies [45] - The company expects revenue growth in both Public Cloud and Enterprise Cloud to accelerate in 2025, with a positive non-GAAP operating profit anticipated for the full year [29][30] Other Important Information - The company has a strong liquidity position with cash and cash equivalents totaling RMB2,648.8 million as of December 31, 2024 [36] - Total capital expenditures for AI investments are projected to be around RMB10 billion for 2025, supported by shareholder arrangements [52] Q&A Session Summary Question: Industry outlook and impact of AI trends - Management discussed how AI advancements are reshaping the cloud computing landscape, presenting both opportunities and challenges for Kingsoft Cloud [40][45] Question: Update on 2025 capital expenditure plan - Management provided insights into the efficient asset-light model for data centers and the expected total investment in AI for 2025 [48][52] Question: Expectations for 2025 revenue growth and drivers - Management indicated that AI will be a significant growth driver, alongside contributions from the Xiaomi and Kingsoft ecosystem [56][60] Question: Margin performance and long-term profitability trend - Management expressed confidence in continued margin expansion, with EBITDA and operating profit expected to grow at a faster pace than gross margin [61][63] Question: Demand for AI inference and legacy Public Cloud business outlook - Management noted strong demand for AI inference within the Xiaomi ecosystem, while traditional Public Cloud business may continue generating revenue [68][72] Question: Pricing strategy for GPU Cloud revenue - Management emphasized a differentiated pricing model for AI-related services, which are expected to command higher fees due to their value in client workflows [80][86]

Core Viewpoint - Kingsoft Cloud Holdings Limited reported strong financial performance for the fourth quarter and fiscal year 2024, achieving profitability in non-GAAP operating profit for the first time, driven by the growth of AI applications and demand from its ecosystem [2][10][19]. Financial Highlights - Total revenues for Q4 2024 reached RMB2,232.1 million (US$305.8 million), a year-over-year increase of 29.6% from RMB1,722.5 million in Q4 2023 [3][10]. - Revenue from public cloud services was RMB1,409.8 million (US$193.1 million), up 34.0% year-over-year [3][11]. - Revenue from enterprise cloud services increased to RMB822.3 million (US$112.7 million), representing a 22.7% year-over-year growth [11]. - Gross profit for Q4 2024 was RMB426.0 million (US$58.4 million), a significant increase of 68.3% from RMB253.1 million in Q4 2023, with a gross margin of 19.1% [6][10]. AI Business Growth - Gross billing from AI business surged by approximately 500% year-over-year to RMB474 million, accounting for 34% of public cloud revenue [2][10]. - Revenue from Xiaomi and Kingsoft Group increased by 76% year-over-year, highlighting the effectiveness of the company's ecosystem strategy [2][10]. Cost Management - Cost of revenues for Q4 2024 was RMB1,806.2 million (US$247.4 million), up 22.9% from RMB1,469.3 million in Q4 2023, aligning with revenue growth [5][20]. - Total operating expenses decreased by 21.2% year-over-year to RMB469.5 million (US$64.3 million) [7][10]. Profitability Metrics - Non-GAAP operating profit for Q4 2024 was RMB24.4 million (US$3.3 million), compared to a loss of RMB187.6 million in Q4 2023 [10][12]. - Non-GAAP EBITDA for Q4 2024 was RMB359.7 million (US$49.3 million), a significant improvement from RMB-27.7 million in Q4 2023 [17][25]. Fiscal Year Performance - Total revenues for the fiscal year 2024 reached RMB7,785.2 million (US$1,066.6 million), a 10.5% increase from RMB7,047.5 million in 2023 [19][24]. - Net loss for the fiscal year narrowed to RMB1,979.0 million (US$271.1 million) from RMB2,183.6 million in 2023 [24][25].