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]
金山云(03896) - 2022 - 年度业绩