Core Viewpoint - Kingsoft Cloud Holdings Limited will release its unaudited financial results for the fourth quarter and fiscal year 2024 on March 19, 2025, before the U.S. market opens [1] Group 1: Financial Results Announcement - The financial results will cover the period ending December 31, 2024 [1] - The earnings conference call is scheduled for March 19, 2025, at 8:15 am U.S. Eastern Time [2] Group 2: Conference Call Details - Participants can preregister for the conference call via a provided link to receive dial-in numbers and access codes [3] - A live and archived webcast of the conference call will be available on the company's investor relations website [4] Group 3: Company Overview - Kingsoft Cloud is a leading cloud service provider in China, offering a comprehensive cloud platform with extensive infrastructure and industry-specific solutions [5]

Company Overview - Kingsoft Cloud Holdings Limited (KC) shares increased by 20.5% to close at $15.14, with trading volume significantly higher than usual, compared to a 10.8% gain over the past four weeks [1] Financial Performance - The company is expected to report a quarterly loss of $0.11 per share, reflecting a year-over-year change of +21.4%. Revenue is anticipated to be $269.59 million, which is an 11.1% increase from the same quarter last year [2] - The consensus EPS estimate for Kingsoft Cloud has remained unchanged over the last 30 days, indicating stability in earnings expectations [4] Market Position - Kingsoft Cloud is leveraging its integration with Xiaomi and Kingsoft ecosystems to expand AI-powered cloud services and enhance enterprise solutions, positioning itself as a leader in the cloud industry [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook in the market [4] Industry Context - Kingsoft Cloud is part of the Zacks Internet - Software industry, which includes other companies like Rekor Systems, Inc. (REKR), that has also shown a 10.9% return over the past month [4]

Group 1 - Kingsoft Cloud Holdings Limited Sponsored ADR is part of the Computer and Technology sector, which includes 618 individual stocks and holds a Zacks Sector Rank of 2 [2] - The Zacks Rank is a stock-picking model that focuses on earnings estimates and revisions, with Kingsoft Cloud currently holding a Zacks Rank of 2 (Buy) [3] - The Zacks Consensus Estimate for Kingsoft Cloud's full-year earnings has increased by 10.2% in the past quarter, indicating improved analyst sentiment [4] Group 2 - Kingsoft Cloud has achieved a year-to-date performance increase of approximately 154.8%, significantly outperforming the average gain of 34.6% for Computer and Technology stocks [4] - Kingsoft Cloud is categorized under the Internet - Software industry, which consists of 145 companies and currently ranks 33 in the Zacks Industry Rank, with an average gain of 45.6% this year [6] - The performance of Kingsoft Cloud and another outperforming stock, Amphenol, suggests that these stocks may continue to attract investor interest within the Computer and Technology sector [7]

Financial Data and Key Metrics Changes - Company achieved total revenue of RMB1.89 billion, reflecting a 16% year-over-year increase, marking a return to double-digit growth [15][36] - Adjusted gross profit reached RMB308 million, up 56.7% year-over-year, with an adjusted gross margin of 16.3% [15][38] - Adjusted EBITDA reached RMB185 million, with an adjusted EBITDA margin of 9.8%, showing a significant year-over-year increase of 13 percentage points [10][16] - Net operating cash inflow amounted to RMB228 million, demonstrating strong cash-generating ability from operating activities [16][32] Business Line Data and Key Metrics Changes - Public cloud services revenue reached RMB1.18 billion, representing a year-on-year increase of 16% [17][36] - AI revenue surged to RMB362 million, accounting for 31% of public cloud revenues, with triple-digit year-over-year growth for five consecutive quarters [11][29] - Enterprise cloud services revenue amounted to RMB710 million, up 16.7% year-over-year, driven by increased demand in selected verticals [20][36] Market Data and Key Metrics Changes - Revenue contribution from Xiaomi and Kingsoft ecosystem increased by 36% year-over-year, with the ecosystem clients contributing 28% of public cloud revenue [13][30] - Company’s market share has steadily increased amid a decline in market share for other Internet cloud service providers [14] Company Strategy and Development Direction - Company continues to focus on high-quality and sustainable development strategy, enhancing profitability and cash-generating capabilities [25][41] - Emphasis on AI transformation and collaboration with Xiaomi and Kingsoft ecosystem to capitalize on growth opportunities [12][25] - Plans to explore new AI business models and deepen cooperation with ecosystem partners [12][25] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential from the Xiaomi and Kingsoft ecosystem, driven by strong AI opportunities [45][47] - Anticipated continued improvement in profitability and market share, with a focus on AI and cloud demand [33][35] - Guidance for Q4 2024 indicates expectations for accelerated revenue growth and improved profitability [33][34] Other Important Information - Company has secured additional CapEx resources for AI investments, applying for a cap of RMB11.3 billion for the next three years from related party transactions [59][60] - Strong liquidity position with cash and cash equivalents totaling RMB1,617.9 million [40] Q&A Session Summary Question: Growth potentials of strategic customers and service strategy - Management highlighted the rapid growth of business opportunities from the Xiaomi and Kingsoft ecosystem, supported by strong AI-related functions and customer demand [45][46] Question: Outlook on adjusted EBITDA margin and operating margin - Management noted significant expansion in gross margin and EBITDA margin, with expectations for continued improvement in operating profit [48][50] Question: Margin profile of AI business and revenue from Xiaomi and Kingsoft Group - Management indicated that AI-related products deliver higher gross margins compared to traditional public cloud services, with both segments achieving double-digit growth [54][56] Question: Outlook for CapEx for this year and next year - Management confirmed secured CapEx resources and plans to utilize funding from shareholders to support AI business growth without diluting public shareholders [59][60]

Mr. Henry He, Chief Financial Officer of Kingsoft Cloud, added, "We recorded another strong quarter with growth in both revenue and profits. The Company achieved a double-digit year-on-year growth in total revenue, reaching RMB1,885.6 million, restoring the high-speed growth of revenue. Meanwhile, the growth rates of our gross profit and EBITDA profit far exceed the industry average level. Compared with the adjusted gross profit margin of 3.6% in the second quarter of 2022, which was before the Company carr ...

Core Viewpoint - Kingsoft Cloud's shares increased by over 24% following the announcement of a financing lease agreement, indicating positive market sentiment and potential growth opportunities for the company [1] Company Summary - Kingsoft Cloud's stock is currently trading at $3.968 per share, with a market capitalization exceeding $940 million, reflecting strong investor interest [1] - The company has entered into a financing lease agreement with Cinda Financial Leasing, which will provide financing lease services to Kingsoft Cloud (Qingyang) Data [1] - The total financing amount under the agreement is capped at 300 million RMB, which will be used for leasing servers and related accessories such as CPUs, hard drives, and data cables [1]

Financial Data and Key Metrics Changes - Kingsoft Cloud's revenue for Q2 2024 reached RMB1.89 billion, reflecting a sequential growth of 6.5% and a year-over-year increase of 3.1% [9][20] - Adjusted gross profit was RMB323 million, a 56.4% increase year-over-year, with an adjusted gross margin of 17.1%, marking the eighth consecutive quarter of improvement [10][23] - Adjusted EBITDA reached RMB60.59 million, with an adjusted EBITDA margin of 3.2%, showing a significant increase of 6.5 percentage points year-over-year [10][19] - Net operating cash inflow amounted to RMB150 million, demonstrating the company's cash-generating ability from operations [10][21] Business Line Data and Key Metrics Changes - Public cloud services revenue was RMB1.23 billion, a year-over-year increase of 6.5% and a quarter-over-quarter increase of 4% [11][22] - Revenue from AI businesses surged to RMB326 million, accounting for 26.3% of public cloud revenues, doubling from the previous quarter [12][21] - Enterprise cloud services revenue reached RMB657 million, up from RMB588 million in the previous quarter, driven by accelerated project deliveries [14][22] Market Data and Key Metrics Changes - Revenue contribution from Xiaomi and Kingsoft ecosystem reached RMB370 million, a year-over-year increase of 36.9% [11][39] - Kingsoft Cloud ranked in the leaders quadrant in the China e-government cloud market and among the top six in the e-government cloud operations service market [14] Company Strategy and Development Direction - The company is focusing on high-quality and sustainable development, with a strategic shift towards high-value services and phasing out low-margin businesses [6][8] - Kingsoft Cloud is enhancing its AI capabilities, with a significant portion of its revenue now coming from AI-related services, indicating a strong market position [12][34] - The company is committed to expanding its partnerships within the Xiaomi and Kingsoft ecosystem to drive future growth [18][39] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing improvements in financial metrics and the effectiveness of the high-quality sustainable development strategy [19][25] - The company anticipates continued growth in AI revenues and plans to leverage its computing power and partnerships to capture more market opportunities [34][36] - Management highlighted the importance of maintaining a balance between internal and external client revenue contributions, particularly in the AI sector [41] Other Important Information - The company has completed a dual primary listing on the Hong Kong Stock Exchange and is included in the Hang Seng Composite Index, enhancing its capital market presence [8] - Kingsoft Cloud is investing heavily in AI, with over 95% of its capital expenditures directed towards AI-related initiatives [29] Q&A Session Summary Question: CapEx guidance for the next two quarters and ROI of AI investment - Management indicated that over 95% of CapEx is related to AI investments, with expectations for significant revenue growth from these investments [29][30] Question: Revenue contribution from Xiaomi and Kingsoft Group - Revenue from these groups increased by 36.9% year-over-year, contributing RMB370 million this quarter, driven by AI-related services [39][40] Question: Outlook for CDN revenue - Management expects to maintain a minimum of RMB300 million in standard CDN business revenue while focusing on higher-margin CDN services [44]

Exhibit 99.1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Kingsoft Cloud Holdings Limited 金山云控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 3896) (Nasdaq S ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2024 reached RMB1.78 billion, increasing by 3.1% quarter-over-quarter [6][19] - Adjusted gross profit for the quarter was approximately RMB300 million, marking a 54% year-over-year increase [7][21] - Adjusted EBITDA turned positive for the first time, reaching RMB33.19 million with an adjusted EBITDA margin of 1.9%, improving by 8.9 percentage points year-over-year [6][19] Business Line Data and Key Metrics Changes - Public cloud services revenues were RMB1.19 billion, up 12.9% quarter-over-quarter, with AI revenue surging to RMB160 million, a 93% increase quarter-over-quarter [7][19] - Enterprise cloud services revenues amounted to RMB590 million, reflecting a decrease from RMB670.3 million in the previous quarter due to fewer project deliveries during the Chinese New Year [19][20] Market Data and Key Metrics Changes - Revenues from the Xiaomi and Kingsoft ecosystem contributed 19% to total revenues, an increase of 4 percentage points year-over-year [8] - CDN revenue remained stable, accounting for 23% of total revenues, with ongoing efforts to enhance profitability through high value-added product sales [9] Company Strategy and Development Direction - The company is focused on high-quality and sustainable development, emphasizing high-margin products and services, particularly in AI [15][24] - Kingsoft Cloud has established Kingsoft AI as a wholly-owned subsidiary to capitalize on opportunities in intelligent digital transformation [9][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of profitability improvements, citing better revenue mix and operational efficiency as key drivers [28][30] - The company anticipates continued growth in AI revenue and plans to invest significantly in infrastructure and technology to support this growth [36][38] Other Important Information - As of March 31, 2024, cash and cash equivalents stood at RMB1.8 billion, providing liquidity for operations and investments [23] - The company was recognized in S&P Global's Sustainable Yearbook and received a single A rating in MSCI ESG ratings, highlighting its commitment to corporate responsibility [24] Q&A Session Summary Question: Expectations for adjusted EBITDA margin improvement and coping with aggressive pricing strategies - Management expects continued improvement in EBITDA margins driven by better revenue mix and operational efficiency, with no numeric guidance provided [28][30] Question: Drivers of significant AI revenue growth and CapEx guidance - AI revenue growth is attributed to diversified client demand and ongoing investments, with total investment in AI expected to multiply compared to the current quarter [36][38]

Core Viewpoint - Kingsoft Cloud Holdings Limited reported a significant improvement in its financial performance for Q1 2024, achieving profitability in adjusted EBITDA and a sequential increase in revenue, driven primarily by growth in AI-related services. Financial Performance - Total revenues for Q1 2024 reached RMB1,775.7 million (US$245.91 million), a 3.1% increase from RMB1,722.5 million in Q4 2023, but a 4.8% decrease from RMB1,864.4 million in Q1 2023 [4][10]. - Adjusted EBITDA turned profitable at RMB33.2 million, with an adjusted EBITDA margin of 1.9%, compared to a loss of RMB130.5 million in Q1 2023 [2][11]. - Adjusted gross profit was RMB299.1 million, a 53.8% increase from RMB194.4 million in Q1 2023, with an adjusted gross margin of 16.8%, up from 10.4% in the same quarter last year [2][8]. Revenue Breakdown - Revenues from public cloud services increased by 12.9% quarter-over-quarter to RMB1,187.4 million (US$164.4 million) and by 2.9% year-over-year [5]. - Revenues from enterprise cloud services were RMB588.2 million (US$81.5 million), reflecting a decrease of 12.3% from the previous quarter and a 17.2% decline from Q1 2023 [5]. - AI-related revenue contributed approximately 13% of total revenues from public cloud services, up from 8% in the previous quarter [2]. Cost Management - Cost of revenues decreased significantly by 11.2% year-over-year to RMB1,482.4 million (US$205.3 million), primarily due to the scaling down of CDN services [6]. - Total operating expenses were RMB567.4 million (US$78.6 million), down from RMB595.9 million in the previous quarter and RMB792.1 million in Q1 2023 [8]. Profitability Metrics - Gross profit for Q1 2024 was RMB293.3 million (US$40.6 million), a 51.0% increase from RMB194.2 million in Q1 2023, with a gross margin of 16.5% [8][10]. - Net loss narrowed to RMB363.6 million (US$50.4 million) from RMB608.8 million in the same quarter of 2023 [10][11]. Cash Position - As of March 31, 2024, cash and cash equivalents were RMB1,811.7 million (US$250.9 million), down from RMB2,255.3 million at the end of 2023, primarily due to operational expenses and investments in computing power [11].