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Kingsoft Cloud Holdings Limited (KC), a leading cloud service provider based in China with a market capitalization of $3.24 billion, has submitted its latest report to the U.S. Securities and Exchange Commission (SEC) today. The company, known for its prepackaged software services and identified by InvestingPro as a prominent player in the IT Services industry, is incorporated in the Cayman Islands with a primary business presence in Beijing, China.
The SEC filing, a Form 6-K, is a requirement for foreign companies like Kingsoft Cloud that are listed on U.S. stock exchanges. This particular report is for the month of April 2025, and it includes several documents such as a press release, the company’s 2024 Hong Kong Annual Report, and its 2024 Environmental, Social, and Governance Report. The filing comes as the company has demonstrated remarkable market performance, with InvestingPro data showing a striking 414% return over the past six months.
Kingsoft Cloud’s press release, part of the filing, is expected to detail the company’s performance and strategic initiatives from the past year. While the annual report will provide a comprehensive overview of the company’s financial health, the Environmental, Social, and Governance Report will shed light on Kingsoft Cloud’s sustainability practices and corporate responsibility efforts.
The filing was signed by Haijian He, the Chief Financial Officer and Director of Kingsoft Cloud Holdings Limited. This submission reaffirms the company’s commitment to transparency and compliance with international financial reporting standards.
Investors and stakeholders now await the detailed contents of Kingsoft Cloud’s press release and annual reports, which will provide insights into the company’s operational performance and future outlook. With annual revenue of $1.07 billion and a current ratio of 0.75, this information is crucial for making informed decisions regarding investments in the cloud computing sector. For deeper insights into KC’s financial health (currently rated as FAIR by InvestingPro), investors can access comprehensive analysis and 13 additional ProTips through the platform’s detailed research reports.
The filing made today is based on a press release statement and is part of Kingsoft Cloud’s regular disclosures as a foreign issuer on the U.S. stock market. The company’s shares are traded under the ticker symbol KC on the NASDAQ stock exchange.
In other recent news, Kingsoft Cloud Holdings Limited reported fourth-quarter earnings that surpassed analyst expectations, with a notable 30% year-over-year revenue increase. The company achieved a narrower adjusted loss per share of RMB0.05 ($0.01), significantly better than the anticipated RMB0.73 loss. Revenue reached RMB2.23 billion ($305.8 million), exceeding the consensus forecast of RMB2.09 billion. For the first time since its inception in 2012, Kingsoft Cloud recorded a non-GAAP operating profit of RMB24.4 million ($3.3 million), a stark contrast to the RMB187.6 million loss in the same quarter last year. Gross profit also saw a substantial 68.3% year-over-year increase, amounting to RMB426.0 million ($58.4 million). The company reported that its AI business gross billings surged by triple digits year-over-year, reaching RMB474 million. Additionally, revenue from key partners Xiaomi (OTC:XIACF) and Kingsoft Group rose 76% compared to the previous year. Public cloud services revenue grew 34% year-over-year to RMB1.41 billion ($193.1 million), while enterprise cloud services revenue increased 22.7% to RMB822.3 million ($112.7 million).
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