Kingsoft Cloud Holdings Limited reported the results of its annual general meeting held on June 30, 2026. Shareholders approved all 14 resolutions by poll, including adoption of the audited consolidated financial statements for the year ended December 31, 2025 and re-election of three directors.
Resolutions re-electing non-executive directors Mr. Qu Heng and Mr. Zhang Duo and independent non-executive director Ms. Qu Jingyuan each passed with more than 99% of votes cast in favour. Shareholders also authorized the board to set director remuneration and re-appointed Ernst & Young as auditor through the next annual general meeting.
Investors granted the board a general mandate to issue and deal with up to 20% of issued shares and ADSs, a 10% share and ADS repurchase mandate, and an extension mandate linking the two. They approved a 2026 Share Incentive Plan, a Scheme Mandate Limit and a Service Provider Sublimit, as well as revised caps for the 2024 and 2025 Xiaomi framework agreements and related authorizations. A special resolution to amend the Second Amended and Restated Memorandum and Articles of Association and adopt the Third Amended and Restated Memorandum and Articles of Association also passed with over 99% support.
Kingsoft Cloud Holdings Limited will hold its annual general meeting on June 30, 2026 in Beijing. Shareholders will vote on re-electing directors, granting a 20% Issuance and Resale Mandate for new shares/ADSs and treasury share sales, and a 10% Repurchase Mandate.
The meeting will also consider adopting a 2026 Share Incentive Plan with a 5% overall scheme limit and 0.5% sublimit for service providers, re-appointing Ernst & Young as auditor, and amending the articles of association. Investors will vote on higher annual caps for Xiaomi-related continuing connected transactions, including revised cloud service caps of RMB4.0 billion for 2026 and RMB6.0 billion for 2027 and hardware procurement caps of RMB1.0 billion for 2026 and RMB1.5 billion for 2027.
Kingsoft Cloud reported unaudited first‑quarter 2026 results showing rapid growth driven by AI. Total revenue reached RMB2,703.7 million, up 37.2% year over year, with public cloud revenue up 47.5% and AI gross billing growing 90%, now over half of public cloud revenue.
Cost of revenues rose faster than sales due to heavy AI infrastructure investment, pushing gross margin down to 12.8%. Non‑GAAP EBITDA grew to RMB747.5 million, a 27.6% margin versus 16.2% a year ago, but net loss widened to RMB343.7 million. Cash and cash equivalents declined to RMB4,903.8 million as the company spent about RMB3 billion on capital expenditures and leased assets to support future AI‑related growth.
Kingsoft Cloud Holdings Limited has set record dates to determine which shareholders can vote at its forthcoming annual general meeting. Holders of ordinary shares registered in Hong Kong must complete share transfers by 4:30 p.m. Hong Kong time on June 2, 2026, while holders registered in the Cayman Islands must complete transfers by 3:30 p.m. Cayman Islands time on June 1, 2026. Holders of American Depositary Shares on the books of the depositary as of the close of business on June 2, 2026, New York time, will be able to instruct the depositary how to vote the underlying shares at the meeting. The company will send formal AGM notices, including the date and location, and proxy materials to eligible share and ADS holders in due course.
Kingsoft Cloud Holdings Limited has scheduled a board meeting for May 27, 2026. The directors will consider and approve the unaudited first quarterly results of the company, its subsidiaries and consolidated affiliated entities for the three months ended March 31, 2026, and approve their publication.
Management will hold an earnings conference call on May 27, 2026 at 8:15 P.M. Beijing/Hong Kong Time, which is 8:15 A.M. U.S. Eastern Time. Investors can register online to receive dial-in details, and a live and archived webcast will be available on the company’s investor relations website.
Kingsoft Cloud Holdings Limited submitted a Form 6-K as a foreign issuer for April 2026. The filing primarily makes available the company’s 2025 Hong Kong Annual Report and its 2025 Environmental, Social and Governance (ESG) Report as exhibits for investors and regulators.
Kingsoft Cloud Holdings Limited filed its annual report for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. The company also released its 2025 Environmental, Social and Governance Report outlining its “CLOUD” sustainable development strategy and related ESG practices.
Kingsoft Cloud Holdings Limited files its annual report as a Cayman Islands holding company that operates China cloud businesses mainly through variable interest entities (VIEs). In 2023, 2024 and 2025, VIEs generated 65%, 67% and 69% of net revenues and held 52% and 57% of consolidated assets as of the end of 2024 and 2025.
The company reports net losses of RMB2,183.6 million, RMB1,979.0 million and RMB943.7 million (US$134.9 million) over 2023–2025, while continuing heavy investment in R&D, infrastructure and data centers. It highlights extensive legal, regulatory and enforcement risks from its VIE structure, PRC data and cybersecurity rules, evolving CSRC overseas listing filings, U.S. export controls and sanctions, and possible U.S. trading prohibitions under the HFCAA if PCAOB access is curtailed.
Kingsoft Cloud notes improved operating cash flow in 2024 and 2025 and cash and cash equivalents of RMB6,018.0 million (US$860.6 million) at December 31, 2025, but emphasizes that regulatory interventions in China or renewed PCAOB inspection limits could materially affect operations, capital-raising and the value of its ADSs.