Core Viewpoint - Kingsoft Cloud (03896) reported a strong performance in the first half of 2025, with significant revenue growth driven by AI-related customer demand and industry cloud project expansion [1] Financial Performance - Revenue reached approximately 4.319 billion yuan, representing a year-on-year increase of 17.8% [1] - Gross profit was approximately 655 million yuan, up 7.4% year-on-year [1] - Adjusted EBITDA was approximately 725 million yuan, showing a remarkable year-on-year growth of 672.62% [1] - Adjusted EBITDA margin stood at 16.8%, an increase of 14.2 percentage points compared to the same period in 2024 [1] Business Strategy - The revenue increase was primarily attributed to strong growth in AI-related customer income and the expansion of industry cloud projects, although this was partially offset by a deliberate reduction in services provided to content delivery network (CDN) customers [1] - Looking ahead to the second half of the year, the company aims to maintain high-quality and sustainable development strategies, continuously investing in technology research and development while enhancing AI capabilities [1] - The company plans to actively embrace the cloud demands of the Xiaomi and Kingsoft ecosystems in the AI era, with a focus on creating value for customers, shareholders, employees, and society [1]
金山云(03896)上半年经调整EBITDA约7.25亿元，同比增长672.62%