Kingsoft Cloud Holdings Ltd Stock Price, News & Analysis

Kingsoft Cloud Holdings Limited (NASDAQ: KC) reported its unaudited financial results for Q2 2022, with total revenues of RMB1,906.5 million, a 12.3% decrease year-over-year. Public cloud services revenue fell by 16.9% to RMB1,289.1 million, mainly due to a 30% decline in CDN services. Despite challenges from COVID-19, operating expenses rose to RMB617.2 million, leading to a wider net loss of RMB810.5 million. The company plans a share repurchase program up to US$30 million and forecasts Q3 revenues between RMB1.95 billion and RMB2.15 billion, reflecting growth potential.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) announces the release of its unaudited financial results for Q2 2022, scheduled for September 6, 2022, before U.S. market open. An earnings conference call will follow at 8:00 AM ET on the same day. Investors can preregister for the call online to receive dial-in details. Kingsoft Cloud is a top independent cloud service provider in China, offering a robust cloud platform and industry-specific solutions. For more details, visit their investor relations website.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced its application for a dual primary listing on the Hong Kong Stock Exchange. This move aims to enhance liquidity and provide better shareholder protection amid regulatory changes. The company anticipates completion of the dual listing, subject to approvals and review from the Hong Kong Stock Exchange. Kingsoft Cloud emphasizes its commitment to adapting to evolving market conditions through this strategic decision.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) reported Q1 2022 financial results with total revenues of RMB2,173.8 million (US$342.91 million), up 19.9% year-over-year, driven by strong core cloud services growth. Adjusted gross profit surged 152% quarter-over-quarter to RMB83.6 million, indicating improved profitability. The gross billings from core services increased by 61.2% year-over-year. However, the company anticipates a slight revenue decline of 8.0% to 1.2% in Q2 2022 due to pandemic-related delays. The board authorized a share repurchase of up to USD100 million, signifying confidence in long-term growth.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) will announce its unaudited financial results for Q1 2022 on June 8, 2022, before U.S. markets open. The earnings call is scheduled for the same day at 8:00 AM ET. Participants must preregister online due to COVID-19 restrictions for access to dial-in details. Kingsoft Cloud is recognized as a leading independent cloud service provider in China, offering extensive infrastructure and cloud-native products across various sectors.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on May 2, 2022. The report includes audited consolidated financial statements and is accessible on the company’s investor relations website. Kingsoft Cloud is a prominent independent cloud service provider in China, offering robust cloud solutions supported by innovative research and development. Shareholders can request hard copies of the annual report free of charge.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) has published its 2021 Environmental, Social, and Governance (ESG) Report. This report highlights the company's commitment to ESG practices, including the establishment of a risk control committee for ESG oversight and the appointment of its first independent female board director. Kingsoft Cloud achieved its 2021 performance targets in Power and Water Usage Effectiveness. The company aims to enhance its ESG efforts further while fostering a sustainable society.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced a $100 million share repurchase program, allowing the company to buy back ordinary shares over the next twelve months. The program's structure is flexible, enabling repurchases on the open market, through private negotiations, or derivatives, depending on market conditions. Purchases will be funded from the company’s existing cash balance, supporting shareholder value and potentially enhancing the stock price.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) reported its unaudited financial results for Q4 and FY 2021, with total revenues of RMB 2.66 billion, up 38% year-over-year, driven by robust core cloud services growth of 64%. Public cloud service revenues reached RMB 1.53 billion, albeit impacted by a demand slowdown in the internet sector. The company anticipates improvements in adjusted gross margin and EBITDA margins in Q1 2022, and has secured strategic partnerships with Kingsoft Group and Xiaomi Group to enhance shareholder confidence and mitigate dilution risks.