Key Points Summary of Kingsoft Cloud Conference Call Industry and Company Overview - The document focuses on Kingsoft Cloud, an independent cloud service provider backed by Xiaomi and Kingsoft, with a strong emphasis on AI-driven growth and development strategies [1][2]. Core Insights and Arguments - **Development Stages**: Kingsoft Cloud's growth can be divided into three phases: 1. **2012-2021**: Rapid expansion through public cloud services, achieving a compound annual growth rate (CAGR) of 64.5%, with revenue increasing from 1.24 billion to 9.16 billion RMB [3][4]. 2. **2022-2023 H1**: Strategy adjustment due to economic challenges and increased competition, leading to a focus on profitability and a reduction in CDN services [3][4]. 3. **2023 H2-Present**: Increased demand for AI computing power, with AI revenue growing to 31% of public cloud revenue and 19% of total revenue by Q3 2024 [3][4]. - **Financial Performance**: In Q3 2024, Kingsoft Cloud reported total revenue of 1.886 billion RMB, a 16% year-over-year increase, with an adjusted gross margin of approximately 16.76% and an adjusted EBITDA of 185 million RMB [7][8]. - **AI Investment**: The company has increased capital expenditures related to AI, totaling approximately 4.9 billion RMB from Q3 2023 to Q3 2024, with plans for continued investment in AI infrastructure [9]. - **Strategic Partnerships**: Kingsoft Cloud's major shareholders include Kingsoft Software and Xiaomi, holding about 50% of the shares. Xiaomi and Kingsoft Office are key strategic clients, enhancing Kingsoft Cloud's capabilities in AI and cloud services [6][10]. Additional Important Insights - **Market Competition**: Kingsoft Cloud faces intense competition from both domestic players like Alibaba Cloud and Baidu, and international giants such as Amazon, Microsoft, and Google, all of which are significantly increasing their AI-related capital expenditures [11]. - **Xiaomi's AI Strategy**: Xiaomi has been systematically investing in AI since 2016, with substantial R&D expenditures expected to support its automotive and IoT initiatives, which will drive demand for Kingsoft Cloud's services [12]. - **Kingsoft Office's AI Development**: Kingsoft Office is focusing on WPS AI, which is expected to increase its demand for high-performance computing resources from Kingsoft Cloud [14]. - **Potential Client Base**: Companies backed by Shunwei Capital, founded by Lei Jun, are also potential clients for Kingsoft Cloud, further expanding its market opportunities [15]. - **Future Projections**: For 2024-2026, Kingsoft Cloud anticipates annual capital expenditures of around 4 billion RMB for AI infrastructure, with expectations of adjusted operating profit turning positive by 2025 and an adjusted EBITDA margin of approximately 25% [16]. This summary encapsulates the key points from the conference call, highlighting Kingsoft Cloud's strategic direction, financial performance, and market positioning within the cloud computing and AI sectors.

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]

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） 董事會會議召開日期 金山云控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於二 零二五年三月十九日（星期三）舉行董事會會議，以（其中包括）考慮及通過(i)本 公司、其子公司及併表聯屬實體（統稱「本集團」）截至二零二四年十二月三十一日 止三個月的未經審計第四季度業績及其發佈，以及(ii)本集團截至二零二四年十二 月三十一日止年度未經審計全年業績及其發佈。 本公司的管理層將於北京╱香港時間二零二五年三月十九日（星期三）下午八時十 五分（即美國東部時間同日上午八時十五分）舉行業績電話會議。 有意參加電話會議的參與者請在會議計劃開始時間前使用下文提供的連結完成在 線登記。於登記後，參與者將收到電話會議進入信息（包括電話會議進入碼 ...

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]

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） 根據2021年股權激勵計劃授出受限制股份單位 根據香港上市規則第17.06A條、17.06B條及17.06C條，董事會宣佈，本公司於 2025年1月24日（美國東部時間）根據2021年股權激勵計劃的條款向若干僱員參與 者授出合共97,075,903個受限制股份單位，待予接納，相當於97,075,903股相關股 份或約6,471,726股美國存託股（向下調整至最接近之美國存託股整數）。 股份於授出日期的 收市價： 就於2025年1月24日（香港時間）在聯交所買賣的股份 而言，為每股5.52港元 就於2025年1月23日（美國東部時間）（即緊接授出日期 前的交易日）在納斯達克全球精選市場交易的美國存託 股而言，為每股美國存託股9.54美元 1 ...

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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Kingsoft Cloud Holdings Limited 香港，2025年1月10日 於本公告日期，本公司董事會包括董事長兼非執行董事雷軍先生、副董事長兼執 行董事鄒濤先生、執行董事何海建先生、非執行董事馮宏華先生，以及獨立非執 行董事喻銘鐸先生、王航先生及曲靜淵女士。 （股份代號：3896） （納斯達克股票代碼：KC） 更改香港主要營業地點的地址 金山云控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，由2025年1月10 日起，本公司於香港的主要營業地點的地址將更改為香港銅鑼灣希慎道33號利園 一期19樓1928室。 承董事會命 金山云控股有限公司 副董事長、執行董事兼代理首席執行官 鄒濤先生 金山云控股有限公司 （於開曼群島註冊成立的有限公司） ...

本公司董事會（「董事會」）宣佈，長江聯合金融租賃有限公司已同意通過售後回租 若干服務器的方式向金山雲（慶陽）數據信息科技有限公司（「金山雲（慶陽）」）（本 公司的併表聯屬實體）提供融資租賃服務（「建議交易」），融資租賃本金總額為人 民幣500百萬元，期限為3年，由本公司的併表聯屬實體及金山雲（慶陽）的母公司 北京金山雲網絡技術有限公司提供擔保（「擔保」），年利率約為3.88%。 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） 有關融資租賃的自願性公告 本公告乃由金山云控股有限公司（「本公司」）根據融資租賃協議條款自願作出。 本公司相信，建議交易將通過補充營運資金，拓寬本公司的融資渠道、增加本公 司的流動資金來源及優化本公司資本架構。 於本公告日期，建議交易及擔保不構成《香港聯合交易所有 ...

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） 於二零二四年十二月三十一日舉行的股東特別大會的投票結果 茲提述金山云控股有限公司（「本公司」）日期為二零二四年十一月二十九日的通 函（「該通函」），當中載列（其中包括）本公司股東特別大會（「股東特別大會」）通 告。除本公告另有界定外，本公告所用詞彙與該通函所界定者具有相同涵義。 董事會欣然宣佈，於股東特別大會上提呈的所有決議案已獲股東以投票表決方式 正式通過。投票結果如下： | | 普通決議案 | | 所投票數及百分比(%) | | | --- | --- | --- | --- | --- | | | | 贊成 | 反對 | 放棄 | | 1. | 動議批准及確認本公司與金山軟件於二零二 | 571,621,983 | 192,030 ...

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]

Kingsoft Cloud Holdings Limited 金山云控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號: 3896) If you would like to receive the Current Corporate Communication in printed form, please complete and sign the Request Form printed at the reverse side of this letter and return it by post to the Company c/o the Company's branch share registrar in Hong Kong, Tricor Investor Services Limited, at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong. You may use t ...