Kingsoft Cloud Holdings Ltd Stock Price, News & Analysis

Kingsoft Cloud Holdings Limited (NASDAQ: KC) reported robust growth in its fourth quarter and fiscal year 2020 financial results. Total revenues for Q4 reached RMB1,922.7 million (US$294.7 million), marking a 63.8% year-over-year increase. Gross profit also saw a significant rise to RMB92.6 million (US$14.2 million), up 70.5% year-over-year. However, the net loss narrowed to RMB105.2 million (US$16.1 million), improving from RMB239.5 million in Q4 2019. For the fiscal year, total revenues were RMB6,577.3 million (US$1,008.0 million), with a net loss of RMB962.2 million (US$147.5 million), reflecting a net margin improvement from -28.1% to -14.6%.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) will announce its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020, on March 17, 2021, before U.S. market opens. A conference call will be held at 8:00 am ET the same day. Due to COVID-19, participants must preregister online to receive dial-in details. A replay of the call will be available until March 25, 2021. Kingsoft Cloud is a prominent independent cloud service provider in China, offering extensive cloud infrastructure and tailored solutions across various sectors.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced its inclusion in the MSCI China Index, effective after the U.S. market close on November 30, 2020. This milestone recognizes Kingsoft Cloud's growing influence as an independent cloud service provider in China, with the company being one of only two U.S.-listed Chinese firms to achieve this status. MSCI is a respected provider of indexes, and being part of this index enhances Kingsoft’s visibility among institutional investors.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) reported its third quarter 2020 financial results, achieving total revenues of RMB1,728.8 million (US$254.6 million), a 72.6% year-over-year increase. Gross profit reached RMB112.9 million (US$16.6 million) with a gross margin of 6.5%, up from 1.9% last year. Net loss significantly decreased to RMB105.3 million (US$15.5 million) compared to RMB350.6 million in Q3 2019. The company anticipates Q4 2020 revenues between RMB1.88 billion and RMB1.95 billion, indicating continued growth in demand for cloud services.

Kingsoft Cloud (NASDAQ: KC) will announce its third quarter financial results for the period ending September 30, 2020, before U.S. markets open on November 18, 2020. A conference call is scheduled for the same day at 7:00 am ET. Due to COVID-19, preregistration for the call is mandatory, with dial-in details provided post-registration. The call will be available for replay until 10:00 am ET on November 26, 2020. Kingsoft Cloud is a prominent cloud service provider in China, offering a broad range of cloud solutions and infrastructure.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) has announced a public offering of 8 million American depositary shares (ADSs) at US$31.00 per ADS. Additionally, selling shareholders are offering 8.42 million ADSs. The offering is expected to close around September 28, 2020, with underwriters granted a 30-day option for an additional 2.46 million ADSs. Proceeds from the Primary ADS Offering will be utilized for infrastructure upgrades, technology development, and strategic partnerships. The registration statement was declared effective by the SEC on September 23, 2020.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced an offering of 8,000,000 American depositary shares (ADSs) in a Primary ADS Offering, with additional 9,677,310 ADSs offered by selling shareholders in a Secondary ADS Offering. The company aims to use proceeds from the Primary Offering for infrastructure upgrades, technology development, and ecosystem expansion. Joint book-running managers include J.P. Morgan and UBS. The company will not receive proceeds from the Secondary Offering, and there is no certainty the offering will be completed.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) has announced a strategic framework agreement with CEC D-Commerce Technology to expand healthcare cloud services in China. This partnership aims to develop cloud-based solutions that enhance data analysis for healthcare organizations, reducing IT costs. The demand for healthcare cloud services is projected to reach RMB17 billion by 2023 due to supportive national policies and the impact of COVID-19. Kingsoft Cloud plans to invest in resources and talent to capitalize on this growth opportunity, positioning itself as a key player in the healthcare digitalization market.

Kingsoft Cloud (NASDAQ: KC) reported unaudited financial results for Q2 2020, showing a 64.1% increase in total revenues to RMB1,534.8 million (US$217.2 million). The gross profit rose to RMB80.7 million, achieving a gross margin of 5.3%, up from a loss of RMB20.3 million in Q2 2019. The net loss was RMB420.1 million, narrower than the previous year's RMB319.7 million. The company expects Q3 revenues between RMB1.67 billion and RMB1.74 billion, targeting a 67% to 74% year-over-year growth.