Kingsoft Cloud Holdings Ltd Stock Price, News & Analysis

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.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced plans to explore a dual listing of its ordinary shares on the Hong Kong Stock Exchange to enhance liquidity and shareholder protection. This move aims to navigate the changing market and regulatory environment while maintaining its operations as a U.S.-listed company. The company emphasized its commitment to sustainable development through innovation and technology despite recent stock price fluctuations. The announcement is pending regulatory approvals and market conditions.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced it will release unaudited financial results for Q4 and FY 2021 on March 24, 2022, before U.S. markets open. An earnings conference call is scheduled for the same day at 8:00 AM ET. Due to COVID-19, participants must preregister online for dial-in details. A replay will be available until April 1, 2022, and a live webcast will also be accessible. The company emphasizes its position as a leading independent cloud service provider in China and invites inquiries through its investor relations.

Kingsoft Cloud (NASDAQ: KC), a top independent cloud service provider in China, announced its achievement of the TRUSTe Enterprise Privacy & Data Governance Certification. This certification emphasizes Kingsoft Cloud's dedication to robust data privacy practices, boosting trust among customers and partners. The certification process involved a three-phase assessment of privacy practices, leading to enhanced compliance and customer support through TrustArc's services. CEO Yulin Wang highlighted the importance of data protection, confirming their commitment to secure cloud computing services.

Kingsoft Cloud (NASDAQ: KC) reported its Q3 2021 financial results, with total revenues of RMB2,413.8 million (US$374.61 million), a 39.6% increase year-over-year. Public cloud services revenue reached RMB1,686.0 million, a 28.7% rise, while enterprise cloud services revenue increased by 77.7% to RMB726.9 million. However, gross profit fell by 21.7% to RMB88.4 million. The company expects Q4 revenues of RMB2.63 billion to RMB2.83 billion, reflecting a 37% to 47% year-over-year growth. Despite macro challenges, Kingsoft Cloud engages with premium customers, enhancing its market position.