Core Insights - Kingsoft Cloud (03896) reported Q3 2025 total revenue of RMB 2.478 billion, a year-on-year increase of 31.4% and a quarter-on-quarter increase of 5.5% [1] - Gross profit was approximately RMB 381 million, up 25.6% year-on-year [1] - Net loss narrowed to RMB 7.847 million, a 99.26% improvement year-on-year; non-GAAP net profit reached RMB 28.7 million, marking a turnaround from loss to profit [1] Revenue Growth - Revenue growth was primarily driven by the increasing income from AI-related clients due to the continuous upgrade of AI infrastructure and products [1] - Public cloud service revenue surged by 49.1% year-on-year to RMB 1.7523 billion [1] - AI business billing revenue reached RMB 782.4 million, reflecting a growth rate of approximately 120% [1] Profitability Improvement - Adjusted gross profit was RMB 392.6 million, a year-on-year increase of 27.6% and a quarter-on-quarter increase of 12.0% [1] - Adjusted EBITDA profit reached RMB 826.6 million, a year-on-year increase of 345.9% [1] - Adjusted EBITDA margin was 33.4%, up 23.6 percentage points year-on-year, attributed to improved cost and expense control [1] Strategic Developments - The company is optimistic about the rapid adoption of AI across ecosystems and various verticals, which is expected to create significant growth opportunities driven by AI [1] - Strategic cooperation with Xiaomi-Kingsoft ecosystem saw revenue contribution increase by 83.8% year-on-year to RMB 691 million [1] - The company has accelerated the expansion of intelligent computing in public cloud and is actively integrating AI with industry cloud strategies [1]
金山云第三季度经调整净利润首度实现盈利 达到2870万元