BEIJING, March 08, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“Kingsoft Cloud” or the “Company”), a leading independent cloud service provider in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year 2023 ended December 31, 2023 before the open of U.S. markets on Wednesday, March 20, 2024. Kingsoft Cloud’s management will host an earnings conference call on Wednesday March 20, 2024 at 8:15 am, U.S. Easter ...

BEIJING, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("we," "Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading independent cloud service provider in China, today announced that each of the proposed resolutions submitted for shareholders' approval as set forth in the notice of extraordinary general meeting dated January 12, 2024 have been adopted at the meeting held in Beijing, China today. Safe Harbor Statement This announcement contains forward-looking statements. These stateme ...

BEIJING, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("we," "Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading independent cloud service provider in China, today announced that it will hold an extraordinary general meeting of the Company's shareholders (the "EGM") at 10:00 a.m., Hong Kong time on February 8, 2024 at Chongxian Hall, 2nd Floor, Conference Building, Taishan Hotel, No. 8 Anning Beili, Xisanqi, Haidian District, Beijing, PRC for the purposes of considering and, if th ...

Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q3 2023 Results Conference Call November 21, 2023 7:15 AM ET Company Participants Wayne Wong - IR Manager Tao Zou - Vice Chairman and CEO Haijian He - CFO Conference Call Participants Xiaodan Zhang - CICC Timothy Zhao - Goldman Sachs Katrina Chiu - Citi Operator Good day and thank you for standing by. Welcome to Kingsoft Cloud's Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, ...

Exhibit 99.1 Kingsoft Cloud Announces Unaudited Third Quarter 2023 Financial Results BEIJING, November 21, 2023 – Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2023. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "This quarter, we are excited to see our strategy of embracing AI bearing fruit, as ...

Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q2 2023 Earnings Conference Call August 21, 2023 8:15 AM ET Company Participants Nicole Shan - IR Manager Tao Zou - Vice Chairman and CEO Henry He - CFO Conference Call Participants Xiaodan Zhang - CICC Timothy Zhao - Goldman Sachs Allen Li - JPMorgan Operator Good day and thank you for standing by. Welcome to Kingsoft Cloud's Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I'd now ...

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) Q1 2023 Earnings Conference Call May 23, 2023 8:15 AM ET Company Participants Nicole Shan - Investor Relations Manager Tao Zou - Vice Chairman and Acting Chief Executive Officer Henry He - Chief Financial Officer Conference Call Participants Xiaodan Zhang - CICC Brian Gong - Citi Operator Ladies and gentlemen, thank you for standing by, and welcome to Kingsoft Cloud First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mo ...

Financial Performance - Total revenues decreased from RMB9,060.8 million in 2021 to RMB8,180.1 million (US$1,186.0 million) in 2022, indicating a decline of approximately 9.7% year-over-year[42]. - The company incurred net losses of RMB2,688.4 million (US$389.8 million) in 2022, following losses of RMB1,591.8 million in 2021 and RMB962.2 million in 2020, reflecting a continuous increase in losses[44]. - The company has experienced rapid growth, with total revenues increasing from RMB6,577.3 million in 2020 to RMB9,060.8 million in 2021, before the decline in 2022[42]. - The company has a history of net losses and may not achieve or maintain profitability in the future, which could adversely affect investor perceptions and market price[43]. Cash Flow and Investments - The company has recorded negative cash flows from operating activities historically, which may impact future growth and profitability[32]. - The company expects to continue investing in infrastructure and technology, which may lead to increased costs and expenses without guaranteed revenue growth[44]. - Research and development expenses were RMB775.1 million, RMB1,043.8 million, and RMB971.2 million (US$140.8 million) in 2020, 2021, and 2022, respectively[47]. - Capital expenditures were RMB1,591.6 million, RMB735.4 million, and RMB1,437.4 million (US$208.4 million) in 2020, 2021, and 2022, respectively[47]. - As of December 31, 2022, the company had cash and cash equivalents and short-term investments of RMB4,672.8 million (US$677.5 million)[81]. Regulatory and Compliance Risks - The company faces significant risks related to regulatory approvals and compliance with PRC laws, which could materially affect operations and financial condition[26]. - The company faces challenges from evolving regulatory environments regarding cybersecurity and data protection, which could materially affect business operations[95]. - The Data Security Law in China, effective September 2021, imposes compliance obligations related to data security and privacy[96]. - The Cybersecurity Review Measures, effective February 2022, require cybersecurity reviews for certain data processing activities that may affect national security[97]. - Compliance with newly promulgated laws and regulations may incur significant expenses and impact business practices[102]. Market and Competitive Environment - The competitive market environment poses risks to the company's ability to maintain its growth and financial performance[32]. - The competitive cloud service market requires continuous investment in technology and innovation to maintain market position[52]. - The company relies on the adoption of its cloud products and solutions by a broad array of customers for revenue growth, which may be adversely affected if adoption is slower than expected[72]. Operational Challenges - The company faces significant risks in managing international operations, including increased costs and legal compliance challenges[140]. - The company’s operations are vulnerable to natural disasters, extreme weather, and health epidemics, which could materially impact its business and customer operations[122]. - The onboarding process for new enterprise customers can take several months, impacting the overall sales cycle duration[94]. - The sales cycle for enterprise cloud and digital solutions customers can range from one to six months, leading to delays in revenue recognition[93]. Intellectual Property and Legal Risks - The company has registered 744 patents, 697 trademarks, 734 copyrights, and 125 domain names, highlighting its focus on protecting intellectual property[164]. - The company incorporates open source software in its products, which poses risks of legal challenges and could affect its ability to commercialize its offerings[113]. - The company may face liability from customer activities and content, which could lead to costly litigation and regulatory enforcement actions[151]. Employee and Labor Costs - The company may need to offer higher compensation and benefits to attract and retain qualified employees, which could increase operational costs[135]. - Labor costs in China have been increasing, with expectations for continued growth in average wages, which may adversely affect profitability unless passed on to customers[188]. Strategic Partnerships and Acquisitions - The company acquired controlling interests in Camelot in September 2021 and is still in the process of integrating it into its existing enterprise cloud business[83]. - The company faces risks associated with the integration of Camelot, which may not yield the anticipated benefits or synergies[82]. - The company plans to pursue selective strategic investments and acquisitions to complement its existing business and support growth strategies[125]. Financial Reporting and Internal Controls - The management concluded that internal controls over financial reporting were effective as of December 31, 2022, but future deficiencies could lead to material misstatements[137][138]. Geopolitical and Economic Risks - The company is exposed to risks from geopolitical challenges that could affect international operations and financial results[141]. - International expansion efforts may incur additional costs, impacting revenues and gross margins due to uncertainties in pricing and expenses outside of China[141].

Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q4 2022 Results Conference Call March 29, 2023 8:00 AM ET Company Participants Nicole Shan - IR Manager Tao Zou - VC, CEO Henry He - CFO Conference Call Participants Allen Li - JP Morgan Brian Gong - Citi Timothy Zao - Goldman Sachs Operator Good day, and thank you for standing by. Welcome to the Kingsoft Cloud Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions] Please be advised today's conference is being recorded. I'd now like t ...