Core Viewpoint - Kingsoft Cloud's shares increased by over 24% following the announcement of a financing lease agreement, indicating positive market sentiment and potential growth opportunities for the company [1] Company Summary - Kingsoft Cloud's stock is currently trading at $3.968 per share, with a market capitalization exceeding $940 million, reflecting strong investor interest [1] - The company has entered into a financing lease agreement with Cinda Financial Leasing, which will provide financing lease services to Kingsoft Cloud (Qingyang) Data [1] - The total financing amount under the agreement is capped at 300 million RMB, which will be used for leasing servers and related accessories such as CPUs, hard drives, and data cables [1]

Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q2 2024 Earnings Conference Call August 20, 2024 8:15 AM ET Company Participants Nicole Shan - IR Manager Tao Zou - Vice Chairman & CEO Haijian He - CFO Conference Call Participants Xiaodan Zhang - CICC Timothy Zhao - Goldman Sachs Operator Good day, and thank you for standing by. Welcome to the Kingsoft Cloud's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2024 reached RMB1.78 billion, increasing by 3.1% quarter-over-quarter [6][19] - Adjusted gross profit for the quarter was approximately RMB300 million, marking a 54% year-over-year increase [7][21] - Adjusted EBITDA turned positive for the first time, reaching RMB33.19 million with an adjusted EBITDA margin of 1.9%, improving by 8.9 percentage points year-over-year [6][19] Business Line Data and Key Metrics Changes - Public cloud services revenues were RMB1.19 billion, up 12.9% quarter-over-quarter, with AI revenue surging to RMB160 million, a 93% increase quarter-over-quarter [7][19] - Enterprise cloud services revenues amounted to RMB590 million, reflecting a decrease from RMB670.3 million in the previous quarter due to fewer project deliveries during the Chinese New Year [19][20] Market Data and Key Metrics Changes - Revenues from the Xiaomi and Kingsoft ecosystem contributed 19% to total revenues, an increase of 4 percentage points year-over-year [8] - CDN revenue remained stable, accounting for 23% of total revenues, with ongoing efforts to enhance profitability through high value-added product sales [9] Company Strategy and Development Direction - The company is focused on high-quality and sustainable development, emphasizing high-margin products and services, particularly in AI [15][24] - Kingsoft Cloud has established Kingsoft AI as a wholly-owned subsidiary to capitalize on opportunities in intelligent digital transformation [9][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of profitability improvements, citing better revenue mix and operational efficiency as key drivers [28][30] - The company anticipates continued growth in AI revenue and plans to invest significantly in infrastructure and technology to support this growth [36][38] Other Important Information - As of March 31, 2024, cash and cash equivalents stood at RMB1.8 billion, providing liquidity for operations and investments [23] - The company was recognized in S&P Global's Sustainable Yearbook and received a single A rating in MSCI ESG ratings, highlighting its commitment to corporate responsibility [24] Q&A Session Summary Question: Expectations for adjusted EBITDA margin improvement and coping with aggressive pricing strategies - Management expects continued improvement in EBITDA margins driven by better revenue mix and operational efficiency, with no numeric guidance provided [28][30] Question: Drivers of significant AI revenue growth and CapEx guidance - AI revenue growth is attributed to diversified client demand and ongoing investments, with total investment in AI expected to multiply compared to the current quarter [36][38]

Core Viewpoint - Kingsoft Cloud Holdings Limited reported a significant improvement in its financial performance for Q1 2024, achieving profitability in adjusted EBITDA and a sequential increase in revenue, driven primarily by growth in AI-related services. Financial Performance - Total revenues for Q1 2024 reached RMB1,775.7 million (US$245.91 million), a 3.1% increase from RMB1,722.5 million in Q4 2023, but a 4.8% decrease from RMB1,864.4 million in Q1 2023 [4][10]. - Adjusted EBITDA turned profitable at RMB33.2 million, with an adjusted EBITDA margin of 1.9%, compared to a loss of RMB130.5 million in Q1 2023 [2][11]. - Adjusted gross profit was RMB299.1 million, a 53.8% increase from RMB194.4 million in Q1 2023, with an adjusted gross margin of 16.8%, up from 10.4% in the same quarter last year [2][8]. Revenue Breakdown - Revenues from public cloud services increased by 12.9% quarter-over-quarter to RMB1,187.4 million (US$164.4 million) and by 2.9% year-over-year [5]. - Revenues from enterprise cloud services were RMB588.2 million (US$81.5 million), reflecting a decrease of 12.3% from the previous quarter and a 17.2% decline from Q1 2023 [5]. - AI-related revenue contributed approximately 13% of total revenues from public cloud services, up from 8% in the previous quarter [2]. Cost Management - Cost of revenues decreased significantly by 11.2% year-over-year to RMB1,482.4 million (US$205.3 million), primarily due to the scaling down of CDN services [6]. - Total operating expenses were RMB567.4 million (US$78.6 million), down from RMB595.9 million in the previous quarter and RMB792.1 million in Q1 2023 [8]. Profitability Metrics - Gross profit for Q1 2024 was RMB293.3 million (US$40.6 million), a 51.0% increase from RMB194.2 million in Q1 2023, with a gross margin of 16.5% [8][10]. - Net loss narrowed to RMB363.6 million (US$50.4 million) from RMB608.8 million in the same quarter of 2023 [10][11]. Cash Position - As of March 31, 2024, cash and cash equivalents were RMB1,811.7 million (US$250.9 million), down from RMB2,255.3 million at the end of 2023, primarily due to operational expenses and investments in computing power [11].

BEIJING, May 09, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ:KC) ("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 first quarter 2024 ended March 31, 2024 before the open of U.S. markets on Wednesday, May 22, 2024. Kingsoft Cloud's management will host an earnings conference call on Wednesday May 22, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on ...

BEIJING, May 09, 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 first quarter 2024 ended March 31, 2024 before the open of U.S. markets on Wednesday, May 22, 2024. Kingsoft Cloud’s management will host an earnings conference call on Wednesday May 22, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/H ...

Exhibit 99.2 | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | Kingsoft Cloud Holdings Limited 金山云控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code : 3896 | | Contents 2 Company Information 4 Key Highlights 8 Business Review and Outlook 11 Management Discussion and Analysis 15 Directors' Report 44 Directors and Senior Management 48 Corporate Governance Report 67 ...

BEIJING, April 30, 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 filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission ("SEC") on April 30, 2024. The annual report can be accessed on the Company's investor relations website at http://ir.ksyun.com as well as the SEC's website at http://www.sec.go ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASHINGTON, D.C. 20549 FORM 20-F For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

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