Financial Performance - Total revenue for 2022 reached RMB 8,180.1 million (USD 1,186.0 million), a decrease of 9.7% compared to 2021[2] - Gross profit for 2022 was RMB 429.5 million (USD 62.3 million), an increase of 22.3% from RMB 351.3 million in 2021[2] - Net loss for 2022 was RMB 2,688.4 million, a 68.9% reduction from RMB 1,591.8 million in 2021[2] - Adjusted net loss for 2022 was RMB 1,993.9 million, reflecting a significant decrease from RMB 1,195.2 million in 2021[7] - The net loss attributable to Kingsoft Cloud Holdings Limited for the year was RMB 2,658.2 million, compared to a net loss of RMB 1,588.7 million in 2021, representing an increase in loss of 67.3%[37] - The basic and diluted loss per share for 2022 was RMB 0.73, compared to RMB 0.46 in 2021, indicating a worsening of the loss per share by 58.7%[37] Revenue Breakdown - Public cloud service revenue was RMB 5,360.3 million (USD 777.2 million), while industry cloud service revenue was RMB 2,817.0 million (USD 408.4 million)[8] - Revenue from public cloud services was RMB 5,360.3 million (USD 777.2 million), down 13.0% from RMB 6,159.1 million in 2021, mainly due to the proactive reduction in service delivery scale[15] - Industry cloud services revenue was RMB 2,817.0 million (USD 408.4 million), a decrease of 2.8% from RMB 2,897.8 million in 2021, impacted by the negative effects of the COVID-19 pandemic[15] Cost and Expenses - Operating costs decreased by 11.0% to RMB 7,750.6 million (USD 1,123.7 million) from RMB 8,709.5 million in 2021[16] - Research and development expenses for 2022 amounted to RMB 971.2 million, with a total of 1,223 R&D personnel as of December 31, 2022[11] - Research and development expenses decreased to RMB 971.2 million (USD 140.8 million) from RMB 1,043.8 million in 2021[17] - The operating expenses totaled RMB 2,680.9 million, an increase of 23.9% from RMB 2,163.7 million in 2021[36] Assets and Liabilities - Total assets decreased from RMB 21,078,040 thousand in 2021 to RMB 17,316,231 thousand in 2022, a decline of approximately 17%[39] - Current assets decreased from RMB 12,412,816 thousand in 2021 to RMB 9,048,353 thousand in 2022, representing a decrease of about 27%[39] - Total liabilities decreased from RMB 9,585,617 thousand in 2021 to RMB 7,732,732 thousand in 2022, a reduction of approximately 19%[40] - Non-current liabilities decreased significantly from RMB 2,069,737 thousand in 2021 to RMB 1,074,106 thousand in 2022, a decline of about 48%[40] - Shareholders' equity decreased from RMB 11,492,423 thousand in 2021 to RMB 9,583,499 thousand in 2022, a decrease of approximately 16.6%[40] Cash Flow - Cash and cash equivalents decreased by 18.9% to RMB 3,419.2 million as of December 31, 2022, from RMB 4,217.5 million as of December 31, 2021[19] - Net cash from operating activities improved from a negative RMB 708,869 thousand in 2021 to a positive RMB 188,974 thousand in 2022[42] - The company reported a net cash outflow from financing activities of RMB 1,152,146 thousand in 2022, compared to an inflow of RMB 2,212,487 thousand in 2021[42] Strategic Initiatives - The company emphasized its commitment to sustainable high-quality development and cost reduction measures in a complex environment[8] - The company has expanded its business scope into the electric vehicle (EV) industry in 2022, providing cloud services to EV manufacturers[10] - The company is focused on enhancing its core product technologies, including cloud hosts, cloud-native, industry cloud bases, enterprise storage, and big data cloud platforms[11] - The company has implemented cost reduction and efficiency enhancement measures to manage capital expenditures prudently and optimize resources for improved profitability and sustainability[10] Corporate Governance - The company has complied with all corporate governance codes as of December 31, 2022[27] - The audit committee reviewed the unaudited annual results for the year ended December 31, 2022, and discussed accounting policies with senior management[31] - The company did not recommend the distribution of a final dividend for the fiscal year ended December 31, 2022[33] Future Outlook - The company anticipates total revenue for Q1 2023 to be between RMB 1,850 million and RMB 2,050 million, reflecting preliminary views on current market and operational conditions[13] - The company plans to release its 2022 ESG report in April 2023, alongside its annual report[12]

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 ...

Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q3 2022 Earnings Conference Call November 23, 2022 7:00 AM ET Company Participants Nicole Shan - IR Manager Tao Zou - Vice Chairman & CEO Haijian He - CFO Conference Call Participants Thomas Chong - Jefferies Xiaodan Zhang - CICC Joel Ying - Nomura Timothy Zhao - Goldman Sachs Operator Thank you for standing by, and welcome to the Kingsoft Cloud Holdings Third Quarter 2022 Earnings Conference Call. All participants are in a listen-only mode. There will be a presen ...

Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q2 2022 Earnings Conference Call September 6, 2022 8:00 AM ET Company Participants Nicole Shan - Investor Relations Manager Tao Zou - Vice Chairman and CEO Haijian He - Chief Financial Officer Conference Call Participants Brian Gong - Citi Thomas Chong - Jefferies Operator Good day and thank you for standing by. Welcome to Kingsoft Cloud's Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions ...

Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q1 2022 Earnings Conference Call June 8, 2022 8:00 AM ET Company Participants Nicole Shan - Investor Relations Manager Yulin Wang - Chief Executive Officer Haijian He - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Sophie Chang - CICC Kyna Wong - Credit Suisse Joel Ying - Nomura Alex Yao - JP Morgan Thompson Wu - UBS Timothy Chow - Goldman Sachs Operator Good day and thank you for standing by. Welcome to Kingsoft Cloud's First Quart ...

Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q4 2021 Earnings Conference Call March 24, 2022 8:00 AM ET Company Participants Nicole Shan - IR Manager Yulin Wang - CEO Haijian He - CFO Conference Call Participants Brian Gong - Citi Liping Zhao - CICC Thomas Chong - Jefferies Joel Ying - Nomura Kyna Wong - Credit Suisse Operator Good day, and welcome to Kingsoft Cloud's Fourth Quarter and Fiscal Year 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's pr ...