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 Limited reports developments for a China-based cloud service provider listed on Nasdaq as KC and on the Hong Kong Stock Exchange as 3896. Company news centers on unaudited quarterly and annual financial results, earnings-call schedules, and demand trends across public cloud and enterprise cloud services.
Recurring updates describe AI-related customer demand, intelligent computing infrastructure, cloud-native products, industry-specific solutions, and cooperation within the Xiaomi-Kingsoft ecosystem. The company also issues annual report, ESG, shareholder-voting, and capital-structure announcements, including disclosures tied to ordinary shares, ADS holders, and Hong Kong listing requirements.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced the successful adoption of all resolutions at its extraordinary general meeting, facilitating its dual primary listing on the Hong Kong Stock Exchange (SEHK). The listing is set to commence on December 30, 2022, under the stock code '3896'. The meeting also confirmed the appointment of Chief Financial Officer Haijian He to the Board of Directors, expected to enhance the company's governance and growth strategies. Key resolutions included amendments to the company's articles of association and share issuance mandates.
Kingsoft Cloud (NASDAQ: KC) reported its Q3 2022 financial results, revealing total revenues of RMB 1.97 billion, a decline of 18.4% year-over-year but in line with guidance. Gross profit surged by 38.5% to RMB 122.4 million, with gross margins improving to 6.2%. The company reported a net loss of RMB 801.4 million, impacted by foreign exchange losses. Cash reserves remained strong at RMB 5.3 billion. Kingsoft Cloud anticipates Q4 revenues between RMB 2.0 billion and RMB 2.2 billion, indicating potential growth. Strategic initiatives continue to show preliminary positive outcomes.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) will release its unaudited financial results for Q3 2022 on November 23, 2022, before U.S. market opening. A conference call will follow at 7:00 AM ET.
Participants must preregister online for the call due to COVID-19 protocols, receiving dial-in details afterwards. The call will also be available for replay until November 30, 2022. Kingsoft Cloud is recognized as a leading independent cloud service provider in China, delivering comprehensive services across various verticals.
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.