Kingsoft Cloud Holdings Ltd Stock Price, News & Analysis

Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 22, 2021. Shareholders and ADS holders can request a hard copy of the report containing audited consolidated financial statements at no cost. Kingsoft Cloud, a leading independent cloud service provider in China, boasts a comprehensive cloud platform that includes extensive infrastructure and industry-specific solutions.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) has released its inaugural Environmental, Social and Governance (ESG) Report within a year of its IPO in May 2020, showcasing its commitment to ESG values. The report aligns with Nasdaq's and Hong Kong Stock Exchange's ESG guidelines, highlighting the company's strengths and sustainable development opportunities across various areas, including data security, low-carbon operations, and business ethics. The company pledges to continue its efforts in societal development and environmental protection through innovative products and reduced carbon footprint.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a three-year framework agreement with Kingsoft Cloud (NASDAQ: KC) effective August 14, 2020. This partnership aims to enhance Blue Hat's Internet Data Center (IDC) business, which serves as a secure hosting infrastructure for enterprises. The agreement follows Blue Hat's acquisition of Xunpusen Technology, leveraging its mobile marketing expertise. CEO Xiaodong Chen expressed optimism about future growth and expanding their customer base in mobile and gaming sectors.

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.