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Kingsoft Cloud Holdings Ltd - KC STOCK NEWS

Welcome to our dedicated page for Kingsoft Cloud Holdings news (Ticker: KC), a resource for investors and traders seeking the latest updates and insights on Kingsoft Cloud Holdings stock.

Kingsoft Cloud Holdings Ltd (KC) provides independent cloud services and AI-driven solutions across healthcare, gaming, and enterprise sectors. This page aggregates official announcements and market-moving developments for stakeholders tracking the company's strategic direction.

Key Resources Include: Earnings call transcripts, product launch details, partnership announcements, and management commentary. Users gain centralized access to operational updates spanning cloud infrastructure expansions, AI platform enhancements, and financial disclosures.

Content Coverage: Monitor updates on hybrid cloud deployments, data center expansions, enterprise contract wins, and R&D initiatives. The curated feed includes SEC filings, strategic collaboration announcements, and industry-specific solution launches.

Bookmark this page for real-time access to KC's verified corporate communications and market intelligence essential for evaluating the company's position in China's competitive cloud computing landscape.

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Kingsoft Cloud Holdings filed its annual report on Form 20-F for the fiscal year 2023, detailing its financial performance and operations. The company also released its 2023 Environmental, Social, and Governance (ESG) Report showcasing its progress in ESG practices, including initiatives like developing research centers, improving supply chain processes, and obtaining certifications for data governance.

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Kingsoft Cloud Holdings (KC) reports unaudited financial results for Q4 and fiscal year 2023, showcasing growth in revenues from AI customers and enterprise cloud projects. The company focuses on high-quality revenue expansion and profitability improvement.
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Kingsoft Cloud Holdings Limited (KC) announced the release of its unaudited financial results for Q4 and fiscal year 2023. The earnings conference call will be held on March 20, 2024.
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Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) has announced the adoption of proposed resolutions at the extraordinary general meeting, held in Beijing, China. The resolutions were submitted for shareholders' approval and were set forth in the notice of the meeting dated January 12, 2024.
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Kingsoft Cloud Holdings Limited (NASDAQ: KC, HKEX: 3896) to hold extraordinary general meeting of shareholders on February 8, 2024. Shareholders to consider proposed resolutions as per EGM Notice. Voting instructions for ADS holders available on the Company's website.
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Kingsoft Cloud (KC) announced unaudited financial results for Q3 2023, with total revenues of RMB1,625.2 million, a 17.5% decrease YoY. Adjusted gross margin grew to a record high of 12.1%, while normalized adjusted EBITDA significantly narrowed from negative RMB202.0 million to negative RMB44.1 million. The company's strategic adjustment of revenue mix, optimized enterprise cloud project selection, and efficient cost control measures resulted in significant improvements in gross profit and margin. AI business revenue grew rapidly, but revenue contribution from the largest CDN customer decreased to 12% from 16% in the previous quarter. Total operating expenses were RMB1,001.1 million, and net loss was RMB789.7 million.
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Kingsoft Cloud Holdings Limited will release its unaudited financial results for the third quarter ended September 30, 2023 before the open of U.S. markets on Tuesday, November 21, 2023. The company will also host an earnings conference call on the same day at 7:15 am, U.S. Eastern Time.
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Kingsoft Cloud reported unaudited financial results for Q2 2023, with total revenues of RMB1,835.4 million, a decrease of 3.7% compared to the same period last year. Gross margin reached a historical high of 11.3%, increasing by 7.9 percentage points YoY. Non-GAAP EBITDA margin improved to -3.3% from -8.6% in Q2 2022. The company recorded operating cash inflow of RMB65.2 million. Revenues from public cloud services decreased by 10.1% while revenues from enterprise cloud services increased by 9.5% YoY. Kingsoft Cloud aims to leverage synergy with Xiaomi and Kingsoft Corporation ecosystem to embrace opportunities in the AI trend.
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Kingsoft Cloud Holdings Ltd

Nasdaq:KC

KC Rankings

KC Stock Data

2.90B
253.69M
7.34%
4.97%
Software - Application
Technology
Link
China
Beijing