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2021-11-24
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Kingsoft Cloud Announces Unaudited Third Quarter 2021 Financial Results<blockquote>金山云公布2021年第三季度未经审计财务业绩</blockquote>
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Despite headwinds in the macro environment, we are making great strides in building and strengthening relationships with premium customers. Last quarter we engaged with Meituan as our new customer. We have seen these newly engaged premium customers continue to contribute more to our incremental public cloud revenues. We are proud to announce that Pinduoduo, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest e-commerce platforms in China, became a new customer this quarter. We expect the new customer engagement trend continue to boost our public cloud growth. In addition, we have captured the new opportunities amid the regulation changes and started working with Shouqi, one of the emerging ride-hailing applications to empower them navigating the shifting landscape in China since July this year. Through these cooperation, we made further progress in enriching and diversifying our products and solution offerings in different sectors. And lastly, we are on track of integrating Camelot as a part of our efforts to build out our enterprise cloud services business. They currently serve over 500 premium customers and own multiple fulfillment centers, and we are now working on cross selling our services and enhancing our execution capabilities. We believe we are well positioned for long-term and healthy growth in this new era of digitalization.”</p><p><blockquote>金山云首席执行官王玉林先生表示:“作为中国最大的独立云服务提供商,我们将继续执行我们的增长战略,致力于‘成为客户最值得信赖的云合作伙伴,共创数字化未来’。尽管宏观环境不利,但我们在建立和加强与优质客户的关系方面取得了长足的进步。上个季度,我们与美团-W合作成为我们的新客户。我们看到这些新签约的优质客户继续为我们的增量公共云收入做出更多贡献。我们自豪地宣布,拼多多,<a href=\"https://laohu8.com/S/AONE.U\">一</a>中国最大的电子商务平台之一,成为本季度的新客户。我们预计新的客户参与趋势将继续推动我们的公共云增长。此外,我们抓住监管变动中的新机遇,自今年7月起开始与新兴打车应用首汽约车合作,以帮助彼等应对中国不断变化的环境。透过该等合作,我们在不同行业的产品及解决方案产品丰富及多元化方面取得进一步进展。最后,我们正在整合Camelot,作为我们构建企业云服务业务努力的一部分。他们目前为500多家优质客户提供服务,并拥有多个履行中心,我们现在正在努力交叉销售我们的服务并增强我们的执行能力。我们相信,在这个数字化的新时代,我们有能力实现长期健康的增长。”</blockquote></p><p> Mr. Henry He, Chief Financial Officer of Kingsoft Cloud added, “Our total revenues were RMB2,413.8 million, up 40% year-over-year. Revenue from public cloud services was RMB1,686.0 million. For the second time in a row, our public cloud incremental revenues rose over RMB100 million sequentially, and it was the seventh consecutive quarterly revenue increase since our IPO. Revenue from enterprise cloud services was RMB726.9 million, a year-over-year increase of 78%. In October, we held our inaugural Kingsoft Cloud Summit & Investor Day. We would like to express our appreciation for all those who attended and for your continued support.”</p><p><blockquote>金山云首席财务官何先生补充道:“我们的总收入为人民币24.138亿元,同比增长40%。公有云服务收入为人民币16.86亿元。我们的公有云增量收入连续第二次超过人民币1亿元,也是我们上市以来连续第七个季度收入增长。企业云服务收入为人民币7.269亿元,同比增长78%。”10月,我们举办了首届金山云峰会暨投资者日。我们要对所有与会者以及你们的持续支持表示感谢。”</blockquote></p><p> <b>Third Quarter 2021 Financial Results</b></p><p><blockquote><b>2021年第三季度财务业绩</b></blockquote></p><p> <b>Total Revenues </b>reached RMB2,413.8 million (US$374.61 million), representing an increase of 39.6% from RMB1,728.8 million in the same period of 2020. The increases were due to the growth in both public cloud services and enterprise cloud services for our premium customers.</p><p><blockquote><b>收入总额</b>达到人民币2,413.8百万元(374.61百万美元),较二零二零年同期的人民币1,728.8百万元增长39.6%。增长是由于我们优质客户的公共云服务和企业云服务的增长。</blockquote></p><p> <ul> <li>Revenues from public cloud services were RMB1,686.0 million (US$261.7 million), representing an increase of 28.7% from RMB1,309.7 million in the same period of 2020 and a quarter-over-quarter incremental increase of RMB135.2 million. Revenues from public cloud services have been increasing for seven consecutive quarters since our first quarterly results after IPO. The increase was mainly due to our stable relations with top premium customers, engagement with new high-profile customers and cross-selling of our diversified products and solutions.</li> <li>Revenues from enterprise cloud services were RMB726.9 million (US$112.8 million), representing an increase of 77.7% from RMB409.1 million in the same period of 2020. The increase was mainly due to the strong demand in the market and our capabilities to provide industry-specific solutions, partially offset by the power shortage issues which delayed certain delivery process of enterprise cloud projects.</li> </ul> <ul> <li>Other revenues were RMB0.9 million (US$0.1 million).</li> <li></li> </ul> _______________</p><p><blockquote><ul><li>公共云服务收入为人民币1,686.0百万元(261.7百万美元),较2020年同期的人民币1,309.7百万元增长28.7%,环比增长人民币135.2百万元。自我们首次公开募股后的第一个季度业绩以来,公共云服务的收入已连续七个季度增长。增加主要由于我们与顶级优质客户的稳定关系、与新知名客户的接触以及我们多元化产品及解决方案的交叉销售。</li><li>企业云服务收入为人民币726.9百万元(112.8百万美元),较2020年同期的人民币409.1百万元增长77.7%。增长主要由于市场需求强劲及我们提供特定行业解决方案的能力,但部分被电力短缺问题所抵销,导致若干企业云项目的交付过程延迟。</li></ul><ul><li>其他收入为人民币90万元(10万美元)。</li><li></li></ul>_______________</blockquote></p><p> 1 This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.</p><p><blockquote>1本公告载有若干人民币(RMB)金额按指定汇率换算为美元(US$),仅为方便读者。除另有说明外,人民币换算为美元的汇率为人民币6.4434元兑1.00美元,即纽约联邦储备银行于2021年9月30日生效的中午买入价。</blockquote></p><p> <b>Cost of revenues </b>was RMB2,325.4 million (US$360.9 million), representing an increase of 43.9% from RMB1,615.9 million in the same period of 2020. IDC costs increased by 33.1% to RMB1,410.9 million (US$219.0 million) from RMB1,060.1 million in the same period of 2020, in line with the Company’s expanding business. Depreciation and amortization costs were RMB200.0 million (US$31.0 million), compared with RMB156.5 million in the same period of 2020.</p><p><blockquote><b>收入成本</b>为人民币2,325.4百万元(360.9百万美元),较二零二零年同期的人民币1,615.9百万元增加43.9%。IDC 成本从 2020 年同期的人民币 10.601 亿元增长 33.1%,达到人民币 14.109 亿元(2.190 亿美元),与公司不断扩大的业务相符。折旧及摊销成本为人民币200.0百万元(31.0百万美元),而2020年同期为人民币156.5百万元。</blockquote></p><p></p><p> <b>Gross profit </b>decreased by 21.7% to RMB88.4 million (US$13.7 million), from RMB112.9 million in the same period in 2020. <b>Gross margin </b>was 3.7%, compared with 6.5% in the same period in 2020.</p><p><blockquote><b>毛利</b>由二零二零年同期的人民币112.9百万元减少21.7%至人民币88.4百万元(13.7百万美元)。<b>毛利率</b>为3.7%,而2020年同期为6.5%。</blockquote></p><p> <b>Non-GAAP gross profit</b>2 decreased by 19.7% to RMB92.2 million (US$14.3 million), from RMB114.8 million in the same period in 2020. <b>Non- GAAP gross margin </b>was 3.8%, compared with 6.6% in the same period in 2020. The decrease was primarily due to lower than expected utilization of our underlying public cloud infrastructure which was budgeted based on demand forecast as of the beginning of the year, and industry-wide public cloud demand turned out to be lower than expected.</p><p><blockquote><b>非公认会计准则毛利润</b>2由2020年同期的人民币114.8百万元减少19.7%至人民币92.2百万元(14.3百万美元)。<b>非 GAAP 毛利率</b>为3.8%,而2020年同期为6.6%。减少的主要原因是我们的基础公共云基础设施的利用率低于预期,该基础设施是根据年初的需求预测进行预算的,而全行业的公共云需求低于预期。</blockquote></p><p> <b>Selling and marketing expenses </b>were RMB132.2 million (US$20.5 million), compared with RMB96.8 million in the same period in 2020.</p><p><blockquote><b>销售及营销开支</b>为人民币132.2百万元(20.5百万美元),而2020年同期为人民币96.8百万元。</blockquote></p><p> <b>General and administrative expenses </b>were RMB156.6 million (US$24.3 million), compared with RMB91.3 million in the same period in 2020.</p><p><blockquote><b>一般及行政开支</b>为人民币156.6百万元(2430万美元),而2020年同期为人民币91.3百万元。</blockquote></p><p> <b>Research and development expenses </b>were RMB268.7 million (US$41.7 million), compared with RMB167.6 million in the same period in 2020.</p><p><blockquote><b>研发开支</b>为人民币268.7百万元(41.7百万美元),而2020年同期为人民币167.6百万元。</blockquote></p><p> The increase in expenses was primarily due to the increase in salaries, social insurance fees and share-based compensation expenses.</p><p><blockquote>开支增加主要是由于工资、社会保险费及股份薪酬开支增加所致。</blockquote></p><p> <b>Operating loss </b>was RMB469.1 million (US$72.8 million), compared with operating loss of RMB242.8 million in the same quarter of 2020.</p><p><blockquote><b>经营亏损</b>为人民币4.691亿元(7280万美元),而2020年同季度的经营亏损为人民币2.428亿元。</blockquote></p><p> <b>Net loss </b>was RMB506.7 million (US$78.6 million), compared with net loss of RMB105.3 million in the same quarter of 2020.</p><p><blockquote><b>净亏损</b>为人民币506.7百万元(78.6百万美元),而2020年同季度净亏损为人民币105.3百万元。</blockquote></p><p> <b>Non-GAAP net loss </b>was RMB363.7 million (US$56.4 million), compared with net loss of RMB169.1 million in the same quarter of 2020.</p><p><blockquote><b>非公认会计准则净亏损</b>为人民币3.637亿元(5640万美元),而2020年同季度的净亏损为人民币1.691亿元。</blockquote></p><p> <b>Non-GAAP EBITDA </b>was RMB-140.6 million (US$-21.8 million), compared with RMB-26.3 million in the same quarter of 2020. The decrease of Non-GAAP EBITDA was due to the changes of gross profits, the increase of personnel expenses and one time off Camelot transaction expenses. <b>Non-GAAP EBITDA margin </b>was -5.8%, compared with -1.5% in the same quarter of 2020.</p><p><blockquote><b>非 GAAP EBITDA</b>为人民币-1.406亿元(美元-2180万美元),而2020年同季度为人民币-2630万元。非 GAAP EBITDA 下降是由于毛利润的变化、人员费用的增加以及一次性休息的 Camelot 交易费用。<b>非 GAAP EBITDA 利润率</b>为-5.8%,而2020年同季度为-1.5%。</blockquote></p><p> <b>Basic and diluted net loss per share </b>was RMB0.15 (US$0.02), compared with RMB0.03 in the same quarter of 2020.</p><p><blockquote><b>每股基本及摊薄净亏损</b>为人民币0.15元(0.02美元),而2020年同季度为人民币0.03元。</blockquote></p><p> <b>Cash and cash equivalents and short-term investments </b>were RMB5,994.7 million (US$930.4 million) as of September 30, 2021, compared to RMB5,474.9 million as of June 30, 2021.</p><p><blockquote><b>现金及现金等价物及短期投资</b>截至2021年9月30日为人民币5,994.7百万元(9.304百万美元),而截至2021年6月30日为人民币5,474.9百万元。</blockquote></p><p> <b>Outstanding ordinary shares </b>were 3,625,037,000 as of September 30, 2021, equivalent to about 241,669,133 ADSs.</p><p><blockquote><b>已发行普通股</b>截至2021年9月30日为3,625,037,000股,相当于约241,669,133股美国存托凭证。</blockquote></p><p> _______________</p><p><blockquote>_______________</blockquote></p><p> 2 Non-GAAP gross profit is defined as gross profit excluding share-based compensation allocated in the cost of revenues and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. See “Use of Non-GAAP Financial Measures” set forth at the end of this press release.</p><p><blockquote>2 非 GAAP 毛利润定义为不包括收入成本中分配的股份薪酬的毛利润,我们将非 GAAP 毛利率定义为非 GAAP 毛利润占收入的百分比。请参阅本新闻稿末尾的 “非公认会计准则财务指标的使用”。</blockquote></p><p> <b><u>Business Outlook</u></b></p><p><blockquote><b><u>业务展望</u></b></blockquote></p><p> For the fourth quarter of 2021, the Company expects total revenues to be between RMB2.63 billion and RMB2.83 billion, representing a year- over-year growth of 37% to 47%. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.</p><p><blockquote>2021年第四季度,本公司预计总收入将在人民币26.3亿元至人民币28.3亿元之间,同比增长37%至47%。这一预测反映了公司对市场和运营状况的当前和初步看法,这些看法可能会发生变化。</blockquote></p><p> <b><u>Conference Call Information</u></b></p><p><blockquote><b><u>电话会议信息</u></b></blockquote></p><p> The Company will hold a conference call on Wednesday, November 24, 2021, at 7:00 A.M. Eastern Time (8:00 P.M. Beijing/Hong Kong Time on the same day) to discuss the financial results.</p><p><blockquote>本公司将于二零二一年十一月二十四日(星期三)美国东部时间上午七时正(北京╱香港时间同日晚上八时正)举行电话会议,讨论财务业绩。</blockquote></p><p> Participants can register for the conference call by navigating to <u>htt</u>p://a<u>pac.directeventreg.com/registration/event/3224539.</u> Once preregistration has been completed, participants will receive dial-in numbers, direct event passcode, and a unique registrant ID.</p><p><blockquote>参与者可以通过导航到<u>哈特</u>p://a<u>pac.directeventreg.com/registration/event/3224539</u>预注册完成后,参与者将收到拨入号码、直接活动密码和唯一的注册人ID。</blockquote></p><p> To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your registrant ID, and you will join the conference instantly.</p><p><blockquote>要加入会议,只需拨打预注册后收到的日历邀请中的号码,输入您的密码,然后输入您的注册人ID,您将立即加入会议。</blockquote></p><p> A telephone replay of the call will be available after the conclusion of the conference call through 8:00 a.m. U.S. Eastern Time, December 2, 2021. The dial-in details for the replay are as follows:</p><p><blockquote>电话会议结束后至美国东部时间2021年12月2日上午8:00,将提供看涨期权的电话重播。重播的拨入详情如下:</blockquote></p><p> International: +61-2-8199-0299</p><p><blockquote>国际:+61-2-8199-0299</blockquote></p><p> U.S. Toll Free: +1-855-452-5696</p><p><blockquote>美国免费电话:+1-855-452-5696</blockquote></p><p> Mainland China Toll Free: 800-870-0206</p><p><blockquote>中国大陆免费电话:800-870-0206</blockquote></p><p> Hong Kong Toll Free: 800-963-117</p><p><blockquote>香港免费电话:800-963-117</blockquote></p><p> Conference ID: 3224539</p><p><blockquote>会议编号:3224539</blockquote></p><p> A live and archived webcast of the conference call will also be available at the Company’s investor relations website at <u>htt</u>p://ir.ks<u>yun.com/.</u></p><p><blockquote>公司投资者关系网站还将提供电话会议的现场直播和存档网络直播。<u>哈特</u>p://ir.ks<u>云网/。</u></blockquote></p><p> <b><u>Use of Non-GAAP Financial Measures</u></b></p><p><blockquote><b><u>使用非公认会计准则财务指标</u></b></blockquote></p><p></p><p> The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). In evaluating our business, we consider and use certain non-GAAP measures, Non-GAAP gross profit, Non-GAAP gross margin, Non-GAAP EBITDA, Non-GAAP EBITDA margin, Non-GAAP net loss and Non-GAAP net loss margin, as supplemental measures to review and assess our operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define Non-GAAP gross profit as gross profit excluding share-based compensation allocated in the cost of revenues, and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. We define Non-GAAP net loss as net loss excluding share-based compensation, foreign exchange (gain) loss, other gain and other (income) expense, net, and we define Non-GAAP net loss margin as Non-GAAP net loss as a percentage of revenues. We define Non-GAAP EBITDA as Non-GAAP net loss excluding interest income, interest expense, income tax expense and depreciation and amortization, and we define Non-GAAP EBITDA margin as Non-GAAP EBITDA as a percentage of revenues. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We also believe that the use of these non-GAAP measures facilitates investors’ assessment of our operating performance.</p><p><blockquote>未经审核简明综合财务资料乃根据美国公认会计原则(「美国公认会计原则」)编制。在评估我们的业务时,我们考虑并使用某些非 GAAP 指标、非 GAAP 毛利润、非 GAAP 毛利率、非 GAAP EBITDA、非 GAAP EBITDA 利润率、非 GAAP 净亏损和非 GAAP 净亏损率,作为审查和评估我们经营业绩的补充措施。这些非公认会计准则财务指标的列报无意被孤立地考虑,也无意替代根据美国公认会计准则编制和列报的财务信息。我们将非 GAAP 毛利润定义为不包括收入成本中分配的基于股票的薪酬的毛利润,我们将非 GAAP 毛利率定义为非 GAAP 毛利润占收入的百分比。我们将非 GAAP 净亏损定义为不包括基于股票的薪酬、外汇(收益)损失、其他收益和其他(收入)费用的净亏损,我们将非 GAAP 净亏损率定义为非 GAAP 净亏损占收入的百分比。我们将非 GAAP EBITDA 定义为不包括利息收入、利息费用、所得税费用以及折旧和摊销的非 GAAP 净亏损,我们将非 GAAP EBITDA 利润率定义为非 GAAP EBITDA 占收入的百分比。我们提出这些非GAAP财务指标是因为我们的管理层使用它们来评估我们的经营业绩和制定业务计划。我们还认为,使用这些非公认会计准则衡量标准有助于投资者评估我们的经营业绩。</blockquote></p><p> These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.</p><p><blockquote>这些非公认会计准则财务指标不是根据美国公认会计准则定义的,也不是根据美国公认会计准则列示的。这些非公认会计准则财务指标作为分析工具有局限性。使用这些非公认会计准则财务指标的主要限制之一是,它们不能反映影响我们运营的所有收入和支出项目。此外,这些非 GAAP 指标可能与其他公司(包括同行公司)使用的非 GAAP 信息不同,因此它们的可比性可能有限。</blockquote></p><p> We compensate for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.</p><p><blockquote>我们通过将这些非 GAAP 财务指标与最近的美国 GAAP 绩效指标进行协调来弥补这些限制,所有这些指标都应在评估我们的绩效时予以考虑。我们鼓励您全面审查我们的财务信息,而不是依赖单一的财务指标。</blockquote></p><p> <b><u>Exchan</u></b><b>g</b><b><u>e Rate Information</u></b></p><p><blockquote><b><u>交易所</u></b><b>g</b><b><u>e费率信息</u></b></blockquote></p><p> This press release contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from RMB to U.S. dollars, in this press release, were made at a rate of RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.</p><p><blockquote>本新闻稿包含按指定汇率将某些人民币金额换算成美元,仅为方便读者。除非另有说明,本新闻稿中所有人民币兑换美元的汇率为人民币6.4434元兑1.00美元,即纽约联邦储备银行为海关目的认证的2021年9月30日生效的中午买入价。</blockquote></p><p> <b><u>Safe Harbor Statement</u></b></p><p><blockquote><b><u>安全港声明</u></b></blockquote></p><p></p><p> This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the Business Outlook, and quotations from management in this announcement, as well as Kingsoft Cloud’s strategic and operational plans, contain forward-looking statements. Kingsoft Cloud may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Statements that are not historical facts, including but not limited to statements about Kingsoft Cloud’s beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Kingsoft Cloud’s goals and strategies; Kingsoft Cloud’s future business development, results of operations and financial condition; relevant government policies and regulations relating to Kingsoft Cloud’s business and industry; the expected growth of the cloud service market in China; the expectation regarding the rate at which to gain customers, especially Premium Customers; Kingsoft Cloud’s ability to monetize the customer base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Kingsoft Cloud’s business operations and the economy in China and elsewhere generally; China’s political or social conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Kingsoft Cloud’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kingsoft Cloud does not undertake any obligation to update any forward-looking statement, except as required under applicable law.</p><p><blockquote>本公告包含前瞻性陈述。这些声明是根据 1995 年美国私人证券诉讼改革法案的 “安全港 ”条款作出的。这些前瞻性陈述可以用 “将 ”、 “期望 ”、 “预期 ”、 “未来 ”、 “打算 ”、 “计划 ”、 “相信 ”、 “估计 ”等术语来识别。除其他外,本公告中的业务展望和管理层引述,以及金山云的战略和运营计划都包含前瞻性陈述。金山云还可能在提交给美国证券交易委员会(“SEC”)的定期报告、提交给股东的年度报告、新闻稿和其他书面材料以及金山云的高级职员、董事或员工向第四方作出的口头陈述中作出书面或口头前瞻性陈述。非历史事实的陈述,包括但不限于有关金山云信念和期望的陈述,均为前瞻性陈述。前瞻性陈述涉及固有风险和不确定性。许多因素可能导致实际结果与任何前瞻性陈述中包含的结果存在重大差异,包括但不限于以下内容: 金山云的目标和战略;金山云未来的业务发展、经营业绩和财务状况;与金山云业务和行业相关的政府政策和法规;中国云服务市场的预期增长;对获得客户(尤其是优质客户)的比率的预期;金山云将客户群变现的能力;中国整体经济及商业状况的波动;COVID-19 对金山云在中国及其他地区的业务运营和经济的影响;中国的政治或社会条件以及与上述任何情况相关的假设。金山云向美国证券交易委员会提交的文件中包含了有关这些风险和其他风险的更多信息。本新闻稿和附件中提供的所有信息截至本新闻稿发布之日,金山云不承担更新任何前瞻性声明的任何义务,适用法律要求除外。</blockquote></p><p> <b><u>About Kingsoft Cloud Holdings Limited</u></b></p><p><blockquote><b><u>关于金山云控股有限公司</u></b></blockquote></p><p> Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading independent cloud service provider in China. Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud and enterprise cloud.</p><p><blockquote>金山云控股有限公司(纳斯达克:KC)是国内领先的独立云服务提供商。金山云构建了一个全面可靠的云平台,包括广泛的云基础设施、尖端的云产品和架构完善的行业特定解决方案,涵盖公有云和企业云。</blockquote></p><p></p><p> <table> <tbody> <tr> <td colspan=\"7\"></td> </tr> <tr> <td colspan=\"7\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td> </tr> <tr> <td colspan=\"7\"><b>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</b></td> </tr> <tr> <td colspan=\"7\"><b>(All amounts in thousands)</b></td> </tr> <tr> <td></td> <td colspan=\"2\"><b>Dec 31,</b></td> <td colspan=\"2\"><b>2020</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> </tr> <tr> <td></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>US$</b></td> </tr> <tr> <td><b>ASSETS</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td><b>Current assets:</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td>Cash and cash equivalents</td> <td>3,424,674</td> <td></td> <td>3,444,174</td> <td></td> <td>534,527</td> <td></td> </tr> <tr> <td>Restricted cash</td> <td>—</td> <td></td> <td>150,593</td> <td></td> <td>23,372</td> <td></td> </tr> <tr> <td>Accounts receivable, net</td> <td>2,334,871</td> <td></td> <td>4,431,060</td> <td></td> <td>687,690</td> <td></td> </tr> <tr> <td>Short-term investments</td> <td>2,693,019</td> <td></td> <td>2,550,488</td> <td></td> <td>395,830</td> <td></td> </tr> <tr> <td>Prepayments and other assets</td> <td>887,086</td> <td></td> <td>1,127,668</td> <td></td> <td>175,011</td> <td></td> </tr> <tr> <td>Amounts due from related parties</td> <td>205,068</td> <td></td> <td>270,572</td> <td></td> <td>41,992</td> <td></td> </tr> <tr> <td><b>Total current assets</b></td> <td><b>9,544,718</b></td> <td></td> <td><b>11,974,555</b></td> <td></td> <td><b>1,858,422</b></td> <td></td> </tr> <tr> <td><b>Non-current assets:</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td>Property and equipment, net</td> <td>1,956,790</td> <td></td> <td>2,058,794</td> <td></td> <td>319,520</td> <td></td> </tr> <tr> <td>Intangible assets, net</td> <td>16,573</td> <td></td> <td>1,252,198</td> <td></td> <td>194,338</td> <td></td> </tr> <tr> <td>Prepayments and other assets</td> <td>11,824</td> <td></td> <td>49,291</td> <td></td> <td>7,650</td> <td></td> </tr> <tr> <td>Equity investments</td> <td>126,583</td> <td></td> <td>88,757</td> <td></td> <td>13,775</td> <td></td> </tr> <tr> <td>Goodwill</td> <td>-</td> <td></td> <td>4,402,568</td> <td></td> <td>683,268</td> <td></td> </tr> <tr> <td>Amounts due from related parties</td> <td>5,758</td> <td></td> <td>5,758</td> <td></td> <td>894</td> <td></td> </tr> <tr> <td>Operating lease right-of-use assets</td> <td>266,968</td> <td></td> <td>257,153</td> <td></td> <td>39,910</td> <td></td> </tr> <tr> <td>Deferred tax assets</td> <td>—</td> <td></td> <td>16,515</td> <td></td> <td>2,563</td> <td></td> </tr> <tr> <td><b>Total non-current assets</b></td> <td><b>2,384,496</b></td> <td></td> <td><b>8,131,034</b></td> <td></td> <td><b>1,261,918</b></td> <td></td> </tr> <tr> <td><b>Total assets</b></td> <td><b>11,929,214</b></td> <td></td> <td><b>20,105,589</b></td> <td></td> <td><b>3,120,340</b></td> <td></td> </tr> <tr> <td></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td><b>LIABILITIES AND SHAREHOLDERS’ EQUITY</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td><b>Current liabilities:</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td>Short-term bank loans</td> <td>278,488</td> <td></td> <td>901,455</td> <td></td> <td>139,904</td> <td></td> </tr> <tr> <td>Accounts payable</td> <td>2,057,355</td> <td></td> <td>3,151,825</td> <td></td> <td>489,156</td> <td></td> </tr> <tr> <td>Accrued expenses and other current liabilities</td> <td>845,374</td> <td></td> <td>1,458,523</td> <td></td> <td>226,359</td> <td></td> </tr> <tr> <td>Long-term bank loan, current portion</td> <td>74,351.00</td> <td></td> <td>—</td> <td></td> <td>—</td> <td></td> </tr> <tr> <td>Income tax payable</td> <td>20,564</td> <td></td> <td>79,673</td> <td></td> <td>12,365</td> <td></td> </tr> <tr> <td>Amounts due to related parties</td> <td>112,998</td> <td></td> <td>263,930</td> <td></td> <td>40,961</td> <td></td> </tr></p><p><blockquote><table><tbody><tr><td colspan=\"7\"></td></tr><tr><td colspan=\"7\"><b>金山云控股有限公司</b></td></tr><tr><td colspan=\"7\"><b>未经审核简明综合资产负债表</b></td></tr><tr><td colspan=\"7\"><b>(所有金额均以千为单位)</b></td></tr><tr><td></td><td colspan=\"2\"><b>12月31日,</b></td><td colspan=\"2\"><b>2020</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td></tr><tr><td></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>美元</b></td></tr><tr><td><b>资产</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td><b>流动资产:</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td>现金及现金等价物</td><td>3,424,674</td><td></td><td>3,444,174</td><td></td><td>534,527</td><td></td></tr><tr><td>受限制现金</td><td>—</td><td></td><td>150,593</td><td></td><td>23,372</td><td></td></tr><tr><td>应收账款净额</td><td>2,334,871</td><td></td><td>4,431,060</td><td></td><td>687,690</td><td></td></tr><tr><td>短期投资</td><td>2,693,019</td><td></td><td>2,550,488</td><td></td><td>395,830</td><td></td></tr><tr><td>预付款项及其他资产</td><td>887,086</td><td></td><td>1,127,668</td><td></td><td>175,011</td><td></td></tr><tr><td>应收关联方款项</td><td>205,068</td><td></td><td>270,572</td><td></td><td>41,992</td><td></td></tr><tr><td><b>流动资产总额</b></td><td><b>9,544,718</b></td><td></td><td><b>11,974,555</b></td><td></td><td><b>1,858,422</b></td><td></td></tr><tr><td><b>非流动资产:</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td>财产和设备净额</td><td>1,956,790</td><td></td><td>2,058,794</td><td></td><td>319,520</td><td></td></tr><tr><td>无形资产净额</td><td>16,573</td><td></td><td>1,252,198</td><td></td><td>194,338</td><td></td></tr><tr><td>预付款项及其他资产</td><td>11,824</td><td></td><td>49,291</td><td></td><td>7,650</td><td></td></tr><tr><td>股权投资</td><td>126,583</td><td></td><td>88,757</td><td></td><td>13,775</td><td></td></tr><tr><td>善意</td><td>-</td><td></td><td>4,402,568</td><td></td><td>683,268</td><td></td></tr><tr><td>应收关联方款项</td><td>5,758</td><td></td><td>5,758</td><td></td><td>894</td><td></td></tr><tr><td>经营租赁使用权资产</td><td>266,968</td><td></td><td>257,153</td><td></td><td>39,910</td><td></td></tr><tr><td>递延税项资产</td><td>—</td><td></td><td>16,515</td><td></td><td>2,563</td><td></td></tr><tr><td><b>非流动资产总额</b></td><td><b>2,384,496</b></td><td></td><td><b>8,131,034</b></td><td></td><td><b>1,261,918</b></td><td></td></tr><tr><td><b>资产总额</b></td><td><b>11,929,214</b></td><td></td><td><b>20,105,589</b></td><td></td><td><b>3,120,340</b></td><td></td></tr><tr><td></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td><b>负债及股东权益</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td><b>流动负债:</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td>短期银行贷款</td><td>278,488</td><td></td><td>901,455</td><td></td><td>139,904</td><td></td></tr><tr><td>应付账款</td><td>2,057,355</td><td></td><td>3,151,825</td><td></td><td>489,156</td><td></td></tr><tr><td>应计费用及其他流动负债</td><td>845,374</td><td></td><td>1,458,523</td><td></td><td>226,359</td><td></td></tr><tr><td>长期银行贷款,流动部分</td><td>74,351.00</td><td></td><td>—</td><td></td><td>—</td><td></td></tr><tr><td>应交所得税</td><td>20,564</td><td></td><td>79,673</td><td></td><td>12,365</td><td></td></tr><tr><td>应付关联方款项</td><td>112,998</td><td></td><td>263,930</td><td></td><td>40,961</td><td></td></tr></tbody></table></blockquote></p><p></p><p> <table> <tbody> <tr> <td colspan=\"17\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td> </tr> <tr> <td colspan=\"17\"><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS</b></td> </tr> <tr> <td colspan=\"17\"><b>(All amounts in thousands, except for share and per share data)</b></td> </tr> <tr> <td></td> <td colspan=\"8\"><b>Three Months Ended</b></td> <td colspan=\"2\"></td> <td colspan=\"6\"><b>Nine Months Ended</b></td> </tr> <tr> <td></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2020</b></td> <td colspan=\"2\"><b>March 31,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Jun 30,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2020</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> </tr> <tr> <td></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>US$</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>US$</b></td> </tr> <tr> <td><b>Revenues:</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td>Public cloud services</td> <td>1,309,693</td> <td></td> <td>1,391,833</td> <td></td> <td>1,550,777</td> <td></td> <td>1,685,999</td> <td></td> <td>261,663</td> <td></td> <td>3,805,346</td> <td></td> <td>4,628,609</td> <td></td> <td>718,349</td> <td></td> </tr> <tr> <td>Enterprise cloud services</td> <td>409,101</td> <td></td> <td>420,032</td> <td></td> <td>622,145</td> <td></td> <td>726,865</td> <td></td> <td>112,808</td> <td></td> <td>836,769</td> <td></td> <td>1,769,042</td> <td></td> <td>274,551</td> <td></td> </tr> <tr> <td>Others</td> <td>10,049</td> <td></td> <td>1,667</td> <td></td> <td>765</td> <td></td> <td>971</td> <td></td> <td>151</td> <td></td> <td>12,446</td> <td></td> <td>3,403</td> <td></td> <td>528</td> <td></td> </tr> <tr> <td><b>Total revenues</b></td> <td><b>1,728,843</b></td> <td></td> <td><b>1,813,532</b></td> <td></td> <td><b>2,173,687</b></td> <td></td> <td><b>2,413,835</b></td> <td></td> <td><b>374,622</b></td> <td></td> <td><b>4,654,561</b></td> <td></td> <td><b>6,401,054</b></td> <td></td> <td><b>993,428</b></td> <td></td> </tr> <tr> <td>Cost of revenues</td> <td>(1,615,945</td> <td>)</td> <td>(1,697,029</td> <td>)</td> <td>(2,055,205</td> <td>)</td> <td>(2,325,423</td> <td>)</td> <td>(360,900</td> <td>)</td> <td>(4,390,148</td> <td>)</td> <td>(6,077,657</td> <td>)</td> <td>(943,238</td> <td>)</td> </tr> <tr> <td><b>Gross profit </b></td> <td><b>112,898</b></td> <td></td> <td><b>116,503</b></td> <td></td> <td><b>118,482</b></td> <td></td> <td><b>88,412</b></td> <td></td> <td><b>13,722</b></td> <td></td> <td><b>264,413</b></td> <td></td> <td><b>323,397</b></td> <td></td> <td><b>50,190</b></td> <td></td> </tr> <tr> <td>Operating expenses:</td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td>Selling and marketing expenses</td> <td>(96,802</td> <td>)</td> <td>(112,826</td> <td>)</td> <td>(96,058</td> <td>)</td> <td>(132,202</td> <td>)</td> <td>(20,517</td> <td>)</td> <td>(294,545</td> <td>)</td> <td>(341,086</td> <td>)</td> <td>(52,936</td> <td>)</td> </tr> <tr> <td>General and administrative expenses</td> <td>(91,338</td> <td>)</td> <td>(91,177</td> <td>)</td> <td>(110,637</td> <td>)</td> <td>(156,573</td> <td>)</td> <td>(24,300</td> <td>)</td> <td>(337,736</td> <td>)</td> <td>(358,387</td> <td>)</td> <td>(55,621</td> <td>)</td> </tr> <tr> <td>Research and development expenses</td> <td>(167,590</td> <td>)</td> <td>(264,636</td> <td>)</td> <td>(232,252</td> <td>)</td> <td>(268,721</td> <td>)</td> <td>(41,705</td> <td>)</td> <td>(594,068</td> <td>)</td> <td>(765,609</td> <td>)</td> <td>(118,821</td> <td>)</td> </tr> <tr> <td></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td co</p><p><blockquote><table><tbody><tr><td colspan=\"17\"><b>金山云控股有限公司</b></td></tr><tr><td colspan=\"17\"><b>未经审核简明综合全面亏损报表</b></td></tr><tr><td colspan=\"17\"><b>(除股份及每股数据外,所有金额均以千计)</b></td></tr><tr><td></td><td colspan=\"8\"><b>三个月结束</b></td><td colspan=\"2\"></td><td colspan=\"6\"><b>九个月结束</b></td></tr><tr><td></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2020</b></td><td colspan=\"2\"><b>3月31日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>6月30日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2020</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td></tr><tr><td></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>美元</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>美元</b></td></tr><tr><td><b>收入:</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td>公共云服务</td><td>1,309,693</td><td></td><td>1,391,833</td><td></td><td>1,550,777</td><td></td><td>1,685,999</td><td></td><td>261,663</td><td></td><td>3,805,346</td><td></td><td>4,628,609</td><td></td><td>718,349</td><td></td></tr><tr><td>企业云服务</td><td>409,101</td><td></td><td>420,032</td><td></td><td>622,145</td><td></td><td>726,865</td><td></td><td>112,808</td><td></td><td>836,769</td><td></td><td>1,769,042</td><td></td><td>274,551</td><td></td></tr><tr><td>其他</td><td>10,049</td><td></td><td>1,667</td><td></td><td>765</td><td></td><td>971</td><td></td><td>151</td><td></td><td>12,446</td><td></td><td>3,403</td><td></td><td>528</td><td></td></tr><tr><td><b>收入总额</b></td><td><b>1,728,843</b></td><td></td><td><b>1,813,532</b></td><td></td><td><b>2,173,687</b></td><td></td><td><b>2,413,835</b></td><td></td><td><b>374,622</b></td><td></td><td><b>4,654,561</b></td><td></td><td><b>6,401,054</b></td><td></td><td><b>993,428</b></td><td></td></tr><tr><td>收入成本</td><td>(1,615,945</td><td>)</td><td>(1,697,029</td><td>)</td><td>(2,055,205</td><td>)</td><td>(2,325,423</td><td>)</td><td>(360,900</td><td>)</td><td>(4,390,148</td><td>)</td><td>(6,077,657</td><td>)</td><td>(943,238</td><td>)</td></tr><tr><td><b>毛利</b></td><td><b>112,898</b></td><td></td><td><b>116,503</b></td><td></td><td><b>118,482</b></td><td></td><td><b>88,412</b></td><td></td><td><b>13,722</b></td><td></td><td><b>264,413</b></td><td></td><td><b>323,397</b></td><td></td><td><b>50,190</b></td><td></td></tr><tr><td>营运费用:</td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td>销售及营销开支</td><td>(96,802</td><td>)</td><td>(112,826</td><td>)</td><td>(96,058</td><td>)</td><td>(132,202</td><td>)</td><td>(20,517</td><td>)</td><td>(294,545</td><td>)</td><td>(341,086</td><td>)</td><td>(52,936</td><td>)</td></tr><tr><td>一般及行政开支</td><td>(91,338</td><td>)</td><td>(91,177</td><td>)</td><td>(110,637</td><td>)</td><td>(156,573</td><td>)</td><td>(24,300</td><td>)</td><td>(337,736</td><td>)</td><td>(358,387</td><td>)</td><td>(55,621</td><td>)</td></tr><tr><td>研发开支</td><td>(167,590</td><td>)</td><td>(264,636</td><td>)</td><td>(232,252</td><td>)</td><td>(268,721</td><td>)</td><td>(41,705</td><td>)</td><td>(594,068</td><td>)</td><td>(765,609</td><td>)</td><td>(118,821</td><td>)</td></tr><tr><td></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td co</tr></tbody></table></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kingsoft Cloud Announces Unaudited Third Quarter 2021 Financial Results<blockquote>金山云公布2021年第三季度未经审计财务业绩</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKingsoft Cloud Announces Unaudited Third Quarter 2021 Financial Results<blockquote>金山云公布2021年第三季度未经审计财务业绩</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1016364462\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/31bb960c88eab45f27ccc9fce75dee9a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">GlobeNewswire </p>\n<p class=\"h-time smaller\">2021-11-24 19:25</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>BEIJING, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.</p><p><blockquote>北京, 2021 年 11 月 24 日(环球通讯社) -- 中国领先的独立云服务提供商金山云控股有限公司(“金山云”或“公司”)(纳斯达克代码:KC)今日公布了截至 2021 年 9 月 30 日的第三季度未经审计财务业绩。</blockquote></p><p> Mr. Yulin Wang, Chief Executive Officer of Kingsoft Cloud, commented, “As the largest independent cloud service provider in China, we continue to execute our growth strategies as we strive to ‘become the most trusted cloud partner for our customers, and create the digital future together’. Despite headwinds in the macro environment, we are making great strides in building and strengthening relationships with premium customers. Last quarter we engaged with Meituan as our new customer. We have seen these newly engaged premium customers continue to contribute more to our incremental public cloud revenues. We are proud to announce that Pinduoduo, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest e-commerce platforms in China, became a new customer this quarter. We expect the new customer engagement trend continue to boost our public cloud growth. In addition, we have captured the new opportunities amid the regulation changes and started working with Shouqi, one of the emerging ride-hailing applications to empower them navigating the shifting landscape in China since July this year. Through these cooperation, we made further progress in enriching and diversifying our products and solution offerings in different sectors. And lastly, we are on track of integrating Camelot as a part of our efforts to build out our enterprise cloud services business. They currently serve over 500 premium customers and own multiple fulfillment centers, and we are now working on cross selling our services and enhancing our execution capabilities. We believe we are well positioned for long-term and healthy growth in this new era of digitalization.”</p><p><blockquote>金山云首席执行官王玉林先生表示:“作为中国最大的独立云服务提供商,我们将继续执行我们的增长战略,致力于‘成为客户最值得信赖的云合作伙伴,共创数字化未来’。尽管宏观环境不利,但我们在建立和加强与优质客户的关系方面取得了长足的进步。上个季度,我们与美团-W合作成为我们的新客户。我们看到这些新签约的优质客户继续为我们的增量公共云收入做出更多贡献。我们自豪地宣布,拼多多,<a href=\"https://laohu8.com/S/AONE.U\">一</a>中国最大的电子商务平台之一,成为本季度的新客户。我们预计新的客户参与趋势将继续推动我们的公共云增长。此外,我们抓住监管变动中的新机遇,自今年7月起开始与新兴打车应用首汽约车合作,以帮助彼等应对中国不断变化的环境。透过该等合作,我们在不同行业的产品及解决方案产品丰富及多元化方面取得进一步进展。最后,我们正在整合Camelot,作为我们构建企业云服务业务努力的一部分。他们目前为500多家优质客户提供服务,并拥有多个履行中心,我们现在正在努力交叉销售我们的服务并增强我们的执行能力。我们相信,在这个数字化的新时代,我们有能力实现长期健康的增长。”</blockquote></p><p> Mr. Henry He, Chief Financial Officer of Kingsoft Cloud added, “Our total revenues were RMB2,413.8 million, up 40% year-over-year. Revenue from public cloud services was RMB1,686.0 million. For the second time in a row, our public cloud incremental revenues rose over RMB100 million sequentially, and it was the seventh consecutive quarterly revenue increase since our IPO. Revenue from enterprise cloud services was RMB726.9 million, a year-over-year increase of 78%. In October, we held our inaugural Kingsoft Cloud Summit & Investor Day. We would like to express our appreciation for all those who attended and for your continued support.”</p><p><blockquote>金山云首席财务官何先生补充道:“我们的总收入为人民币24.138亿元,同比增长40%。公有云服务收入为人民币16.86亿元。我们的公有云增量收入连续第二次超过人民币1亿元,也是我们上市以来连续第七个季度收入增长。企业云服务收入为人民币7.269亿元,同比增长78%。”10月,我们举办了首届金山云峰会暨投资者日。我们要对所有与会者以及你们的持续支持表示感谢。”</blockquote></p><p> <b>Third Quarter 2021 Financial Results</b></p><p><blockquote><b>2021年第三季度财务业绩</b></blockquote></p><p> <b>Total Revenues </b>reached RMB2,413.8 million (US$374.61 million), representing an increase of 39.6% from RMB1,728.8 million in the same period of 2020. The increases were due to the growth in both public cloud services and enterprise cloud services for our premium customers.</p><p><blockquote><b>收入总额</b>达到人民币2,413.8百万元(374.61百万美元),较二零二零年同期的人民币1,728.8百万元增长39.6%。增长是由于我们优质客户的公共云服务和企业云服务的增长。</blockquote></p><p> <ul> <li>Revenues from public cloud services were RMB1,686.0 million (US$261.7 million), representing an increase of 28.7% from RMB1,309.7 million in the same period of 2020 and a quarter-over-quarter incremental increase of RMB135.2 million. Revenues from public cloud services have been increasing for seven consecutive quarters since our first quarterly results after IPO. The increase was mainly due to our stable relations with top premium customers, engagement with new high-profile customers and cross-selling of our diversified products and solutions.</li> <li>Revenues from enterprise cloud services were RMB726.9 million (US$112.8 million), representing an increase of 77.7% from RMB409.1 million in the same period of 2020. The increase was mainly due to the strong demand in the market and our capabilities to provide industry-specific solutions, partially offset by the power shortage issues which delayed certain delivery process of enterprise cloud projects.</li> </ul> <ul> <li>Other revenues were RMB0.9 million (US$0.1 million).</li> <li></li> </ul> _______________</p><p><blockquote><ul><li>公共云服务收入为人民币1,686.0百万元(261.7百万美元),较2020年同期的人民币1,309.7百万元增长28.7%,环比增长人民币135.2百万元。自我们首次公开募股后的第一个季度业绩以来,公共云服务的收入已连续七个季度增长。增加主要由于我们与顶级优质客户的稳定关系、与新知名客户的接触以及我们多元化产品及解决方案的交叉销售。</li><li>企业云服务收入为人民币726.9百万元(112.8百万美元),较2020年同期的人民币409.1百万元增长77.7%。增长主要由于市场需求强劲及我们提供特定行业解决方案的能力,但部分被电力短缺问题所抵销,导致若干企业云项目的交付过程延迟。</li></ul><ul><li>其他收入为人民币90万元(10万美元)。</li><li></li></ul>_______________</blockquote></p><p> 1 This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.</p><p><blockquote>1本公告载有若干人民币(RMB)金额按指定汇率换算为美元(US$),仅为方便读者。除另有说明外,人民币换算为美元的汇率为人民币6.4434元兑1.00美元,即纽约联邦储备银行于2021年9月30日生效的中午买入价。</blockquote></p><p> <b>Cost of revenues </b>was RMB2,325.4 million (US$360.9 million), representing an increase of 43.9% from RMB1,615.9 million in the same period of 2020. IDC costs increased by 33.1% to RMB1,410.9 million (US$219.0 million) from RMB1,060.1 million in the same period of 2020, in line with the Company’s expanding business. Depreciation and amortization costs were RMB200.0 million (US$31.0 million), compared with RMB156.5 million in the same period of 2020.</p><p><blockquote><b>收入成本</b>为人民币2,325.4百万元(360.9百万美元),较二零二零年同期的人民币1,615.9百万元增加43.9%。IDC 成本从 2020 年同期的人民币 10.601 亿元增长 33.1%,达到人民币 14.109 亿元(2.190 亿美元),与公司不断扩大的业务相符。折旧及摊销成本为人民币200.0百万元(31.0百万美元),而2020年同期为人民币156.5百万元。</blockquote></p><p></p><p> <b>Gross profit </b>decreased by 21.7% to RMB88.4 million (US$13.7 million), from RMB112.9 million in the same period in 2020. <b>Gross margin </b>was 3.7%, compared with 6.5% in the same period in 2020.</p><p><blockquote><b>毛利</b>由二零二零年同期的人民币112.9百万元减少21.7%至人民币88.4百万元(13.7百万美元)。<b>毛利率</b>为3.7%,而2020年同期为6.5%。</blockquote></p><p> <b>Non-GAAP gross profit</b>2 decreased by 19.7% to RMB92.2 million (US$14.3 million), from RMB114.8 million in the same period in 2020. <b>Non- GAAP gross margin </b>was 3.8%, compared with 6.6% in the same period in 2020. The decrease was primarily due to lower than expected utilization of our underlying public cloud infrastructure which was budgeted based on demand forecast as of the beginning of the year, and industry-wide public cloud demand turned out to be lower than expected.</p><p><blockquote><b>非公认会计准则毛利润</b>2由2020年同期的人民币114.8百万元减少19.7%至人民币92.2百万元(14.3百万美元)。<b>非 GAAP 毛利率</b>为3.8%,而2020年同期为6.6%。减少的主要原因是我们的基础公共云基础设施的利用率低于预期,该基础设施是根据年初的需求预测进行预算的,而全行业的公共云需求低于预期。</blockquote></p><p> <b>Selling and marketing expenses </b>were RMB132.2 million (US$20.5 million), compared with RMB96.8 million in the same period in 2020.</p><p><blockquote><b>销售及营销开支</b>为人民币132.2百万元(20.5百万美元),而2020年同期为人民币96.8百万元。</blockquote></p><p> <b>General and administrative expenses </b>were RMB156.6 million (US$24.3 million), compared with RMB91.3 million in the same period in 2020.</p><p><blockquote><b>一般及行政开支</b>为人民币156.6百万元(2430万美元),而2020年同期为人民币91.3百万元。</blockquote></p><p> <b>Research and development expenses </b>were RMB268.7 million (US$41.7 million), compared with RMB167.6 million in the same period in 2020.</p><p><blockquote><b>研发开支</b>为人民币268.7百万元(41.7百万美元),而2020年同期为人民币167.6百万元。</blockquote></p><p> The increase in expenses was primarily due to the increase in salaries, social insurance fees and share-based compensation expenses.</p><p><blockquote>开支增加主要是由于工资、社会保险费及股份薪酬开支增加所致。</blockquote></p><p> <b>Operating loss </b>was RMB469.1 million (US$72.8 million), compared with operating loss of RMB242.8 million in the same quarter of 2020.</p><p><blockquote><b>经营亏损</b>为人民币4.691亿元(7280万美元),而2020年同季度的经营亏损为人民币2.428亿元。</blockquote></p><p> <b>Net loss </b>was RMB506.7 million (US$78.6 million), compared with net loss of RMB105.3 million in the same quarter of 2020.</p><p><blockquote><b>净亏损</b>为人民币506.7百万元(78.6百万美元),而2020年同季度净亏损为人民币105.3百万元。</blockquote></p><p> <b>Non-GAAP net loss </b>was RMB363.7 million (US$56.4 million), compared with net loss of RMB169.1 million in the same quarter of 2020.</p><p><blockquote><b>非公认会计准则净亏损</b>为人民币3.637亿元(5640万美元),而2020年同季度的净亏损为人民币1.691亿元。</blockquote></p><p> <b>Non-GAAP EBITDA </b>was RMB-140.6 million (US$-21.8 million), compared with RMB-26.3 million in the same quarter of 2020. The decrease of Non-GAAP EBITDA was due to the changes of gross profits, the increase of personnel expenses and one time off Camelot transaction expenses. <b>Non-GAAP EBITDA margin </b>was -5.8%, compared with -1.5% in the same quarter of 2020.</p><p><blockquote><b>非 GAAP EBITDA</b>为人民币-1.406亿元(美元-2180万美元),而2020年同季度为人民币-2630万元。非 GAAP EBITDA 下降是由于毛利润的变化、人员费用的增加以及一次性休息的 Camelot 交易费用。<b>非 GAAP EBITDA 利润率</b>为-5.8%,而2020年同季度为-1.5%。</blockquote></p><p> <b>Basic and diluted net loss per share </b>was RMB0.15 (US$0.02), compared with RMB0.03 in the same quarter of 2020.</p><p><blockquote><b>每股基本及摊薄净亏损</b>为人民币0.15元(0.02美元),而2020年同季度为人民币0.03元。</blockquote></p><p> <b>Cash and cash equivalents and short-term investments </b>were RMB5,994.7 million (US$930.4 million) as of September 30, 2021, compared to RMB5,474.9 million as of June 30, 2021.</p><p><blockquote><b>现金及现金等价物及短期投资</b>截至2021年9月30日为人民币5,994.7百万元(9.304百万美元),而截至2021年6月30日为人民币5,474.9百万元。</blockquote></p><p> <b>Outstanding ordinary shares </b>were 3,625,037,000 as of September 30, 2021, equivalent to about 241,669,133 ADSs.</p><p><blockquote><b>已发行普通股</b>截至2021年9月30日为3,625,037,000股,相当于约241,669,133股美国存托凭证。</blockquote></p><p> _______________</p><p><blockquote>_______________</blockquote></p><p> 2 Non-GAAP gross profit is defined as gross profit excluding share-based compensation allocated in the cost of revenues and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. See “Use of Non-GAAP Financial Measures” set forth at the end of this press release.</p><p><blockquote>2 非 GAAP 毛利润定义为不包括收入成本中分配的股份薪酬的毛利润,我们将非 GAAP 毛利率定义为非 GAAP 毛利润占收入的百分比。请参阅本新闻稿末尾的 “非公认会计准则财务指标的使用”。</blockquote></p><p> <b><u>Business Outlook</u></b></p><p><blockquote><b><u>业务展望</u></b></blockquote></p><p> For the fourth quarter of 2021, the Company expects total revenues to be between RMB2.63 billion and RMB2.83 billion, representing a year- over-year growth of 37% to 47%. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.</p><p><blockquote>2021年第四季度,本公司预计总收入将在人民币26.3亿元至人民币28.3亿元之间,同比增长37%至47%。这一预测反映了公司对市场和运营状况的当前和初步看法,这些看法可能会发生变化。</blockquote></p><p> <b><u>Conference Call Information</u></b></p><p><blockquote><b><u>电话会议信息</u></b></blockquote></p><p> The Company will hold a conference call on Wednesday, November 24, 2021, at 7:00 A.M. Eastern Time (8:00 P.M. Beijing/Hong Kong Time on the same day) to discuss the financial results.</p><p><blockquote>本公司将于二零二一年十一月二十四日(星期三)美国东部时间上午七时正(北京╱香港时间同日晚上八时正)举行电话会议,讨论财务业绩。</blockquote></p><p> Participants can register for the conference call by navigating to <u>htt</u>p://a<u>pac.directeventreg.com/registration/event/3224539.</u> Once preregistration has been completed, participants will receive dial-in numbers, direct event passcode, and a unique registrant ID.</p><p><blockquote>参与者可以通过导航到<u>哈特</u>p://a<u>pac.directeventreg.com/registration/event/3224539</u>预注册完成后,参与者将收到拨入号码、直接活动密码和唯一的注册人ID。</blockquote></p><p> To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your registrant ID, and you will join the conference instantly.</p><p><blockquote>要加入会议,只需拨打预注册后收到的日历邀请中的号码,输入您的密码,然后输入您的注册人ID,您将立即加入会议。</blockquote></p><p> A telephone replay of the call will be available after the conclusion of the conference call through 8:00 a.m. U.S. Eastern Time, December 2, 2021. The dial-in details for the replay are as follows:</p><p><blockquote>电话会议结束后至美国东部时间2021年12月2日上午8:00,将提供看涨期权的电话重播。重播的拨入详情如下:</blockquote></p><p> International: +61-2-8199-0299</p><p><blockquote>国际:+61-2-8199-0299</blockquote></p><p> U.S. Toll Free: +1-855-452-5696</p><p><blockquote>美国免费电话:+1-855-452-5696</blockquote></p><p> Mainland China Toll Free: 800-870-0206</p><p><blockquote>中国大陆免费电话:800-870-0206</blockquote></p><p> Hong Kong Toll Free: 800-963-117</p><p><blockquote>香港免费电话:800-963-117</blockquote></p><p> Conference ID: 3224539</p><p><blockquote>会议编号:3224539</blockquote></p><p> A live and archived webcast of the conference call will also be available at the Company’s investor relations website at <u>htt</u>p://ir.ks<u>yun.com/.</u></p><p><blockquote>公司投资者关系网站还将提供电话会议的现场直播和存档网络直播。<u>哈特</u>p://ir.ks<u>云网/。</u></blockquote></p><p> <b><u>Use of Non-GAAP Financial Measures</u></b></p><p><blockquote><b><u>使用非公认会计准则财务指标</u></b></blockquote></p><p></p><p> The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). In evaluating our business, we consider and use certain non-GAAP measures, Non-GAAP gross profit, Non-GAAP gross margin, Non-GAAP EBITDA, Non-GAAP EBITDA margin, Non-GAAP net loss and Non-GAAP net loss margin, as supplemental measures to review and assess our operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define Non-GAAP gross profit as gross profit excluding share-based compensation allocated in the cost of revenues, and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. We define Non-GAAP net loss as net loss excluding share-based compensation, foreign exchange (gain) loss, other gain and other (income) expense, net, and we define Non-GAAP net loss margin as Non-GAAP net loss as a percentage of revenues. We define Non-GAAP EBITDA as Non-GAAP net loss excluding interest income, interest expense, income tax expense and depreciation and amortization, and we define Non-GAAP EBITDA margin as Non-GAAP EBITDA as a percentage of revenues. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We also believe that the use of these non-GAAP measures facilitates investors’ assessment of our operating performance.</p><p><blockquote>未经审核简明综合财务资料乃根据美国公认会计原则(「美国公认会计原则」)编制。在评估我们的业务时,我们考虑并使用某些非 GAAP 指标、非 GAAP 毛利润、非 GAAP 毛利率、非 GAAP EBITDA、非 GAAP EBITDA 利润率、非 GAAP 净亏损和非 GAAP 净亏损率,作为审查和评估我们经营业绩的补充措施。这些非公认会计准则财务指标的列报无意被孤立地考虑,也无意替代根据美国公认会计准则编制和列报的财务信息。我们将非 GAAP 毛利润定义为不包括收入成本中分配的基于股票的薪酬的毛利润,我们将非 GAAP 毛利率定义为非 GAAP 毛利润占收入的百分比。我们将非 GAAP 净亏损定义为不包括基于股票的薪酬、外汇(收益)损失、其他收益和其他(收入)费用的净亏损,我们将非 GAAP 净亏损率定义为非 GAAP 净亏损占收入的百分比。我们将非 GAAP EBITDA 定义为不包括利息收入、利息费用、所得税费用以及折旧和摊销的非 GAAP 净亏损,我们将非 GAAP EBITDA 利润率定义为非 GAAP EBITDA 占收入的百分比。我们提出这些非GAAP财务指标是因为我们的管理层使用它们来评估我们的经营业绩和制定业务计划。我们还认为,使用这些非公认会计准则衡量标准有助于投资者评估我们的经营业绩。</blockquote></p><p> These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.</p><p><blockquote>这些非公认会计准则财务指标不是根据美国公认会计准则定义的,也不是根据美国公认会计准则列示的。这些非公认会计准则财务指标作为分析工具有局限性。使用这些非公认会计准则财务指标的主要限制之一是,它们不能反映影响我们运营的所有收入和支出项目。此外,这些非 GAAP 指标可能与其他公司(包括同行公司)使用的非 GAAP 信息不同,因此它们的可比性可能有限。</blockquote></p><p> We compensate for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.</p><p><blockquote>我们通过将这些非 GAAP 财务指标与最近的美国 GAAP 绩效指标进行协调来弥补这些限制,所有这些指标都应在评估我们的绩效时予以考虑。我们鼓励您全面审查我们的财务信息,而不是依赖单一的财务指标。</blockquote></p><p> <b><u>Exchan</u></b><b>g</b><b><u>e Rate Information</u></b></p><p><blockquote><b><u>交易所</u></b><b>g</b><b><u>e费率信息</u></b></blockquote></p><p> This press release contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from RMB to U.S. dollars, in this press release, were made at a rate of RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.</p><p><blockquote>本新闻稿包含按指定汇率将某些人民币金额换算成美元,仅为方便读者。除非另有说明,本新闻稿中所有人民币兑换美元的汇率为人民币6.4434元兑1.00美元,即纽约联邦储备银行为海关目的认证的2021年9月30日生效的中午买入价。</blockquote></p><p> <b><u>Safe Harbor Statement</u></b></p><p><blockquote><b><u>安全港声明</u></b></blockquote></p><p></p><p> This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the Business Outlook, and quotations from management in this announcement, as well as Kingsoft Cloud’s strategic and operational plans, contain forward-looking statements. Kingsoft Cloud may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Statements that are not historical facts, including but not limited to statements about Kingsoft Cloud’s beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Kingsoft Cloud’s goals and strategies; Kingsoft Cloud’s future business development, results of operations and financial condition; relevant government policies and regulations relating to Kingsoft Cloud’s business and industry; the expected growth of the cloud service market in China; the expectation regarding the rate at which to gain customers, especially Premium Customers; Kingsoft Cloud’s ability to monetize the customer base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Kingsoft Cloud’s business operations and the economy in China and elsewhere generally; China’s political or social conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Kingsoft Cloud’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kingsoft Cloud does not undertake any obligation to update any forward-looking statement, except as required under applicable law.</p><p><blockquote>本公告包含前瞻性陈述。这些声明是根据 1995 年美国私人证券诉讼改革法案的 “安全港 ”条款作出的。这些前瞻性陈述可以用 “将 ”、 “期望 ”、 “预期 ”、 “未来 ”、 “打算 ”、 “计划 ”、 “相信 ”、 “估计 ”等术语来识别。除其他外,本公告中的业务展望和管理层引述,以及金山云的战略和运营计划都包含前瞻性陈述。金山云还可能在提交给美国证券交易委员会(“SEC”)的定期报告、提交给股东的年度报告、新闻稿和其他书面材料以及金山云的高级职员、董事或员工向第四方作出的口头陈述中作出书面或口头前瞻性陈述。非历史事实的陈述,包括但不限于有关金山云信念和期望的陈述,均为前瞻性陈述。前瞻性陈述涉及固有风险和不确定性。许多因素可能导致实际结果与任何前瞻性陈述中包含的结果存在重大差异,包括但不限于以下内容: 金山云的目标和战略;金山云未来的业务发展、经营业绩和财务状况;与金山云业务和行业相关的政府政策和法规;中国云服务市场的预期增长;对获得客户(尤其是优质客户)的比率的预期;金山云将客户群变现的能力;中国整体经济及商业状况的波动;COVID-19 对金山云在中国及其他地区的业务运营和经济的影响;中国的政治或社会条件以及与上述任何情况相关的假设。金山云向美国证券交易委员会提交的文件中包含了有关这些风险和其他风险的更多信息。本新闻稿和附件中提供的所有信息截至本新闻稿发布之日,金山云不承担更新任何前瞻性声明的任何义务,适用法律要求除外。</blockquote></p><p> <b><u>About Kingsoft Cloud Holdings Limited</u></b></p><p><blockquote><b><u>关于金山云控股有限公司</u></b></blockquote></p><p> Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading independent cloud service provider in China. Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud and enterprise cloud.</p><p><blockquote>金山云控股有限公司(纳斯达克:KC)是国内领先的独立云服务提供商。金山云构建了一个全面可靠的云平台,包括广泛的云基础设施、尖端的云产品和架构完善的行业特定解决方案,涵盖公有云和企业云。</blockquote></p><p></p><p> <table> <tbody> <tr> <td colspan=\"7\"></td> </tr> <tr> <td colspan=\"7\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td> </tr> <tr> <td colspan=\"7\"><b>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</b></td> </tr> <tr> <td colspan=\"7\"><b>(All amounts in thousands)</b></td> </tr> <tr> <td></td> <td colspan=\"2\"><b>Dec 31,</b></td> <td colspan=\"2\"><b>2020</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> </tr> <tr> <td></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>US$</b></td> </tr> <tr> <td><b>ASSETS</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td><b>Current assets:</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td>Cash and cash equivalents</td> <td>3,424,674</td> <td></td> <td>3,444,174</td> <td></td> <td>534,527</td> <td></td> </tr> <tr> <td>Restricted cash</td> <td>—</td> <td></td> <td>150,593</td> <td></td> <td>23,372</td> <td></td> </tr> <tr> <td>Accounts receivable, net</td> <td>2,334,871</td> <td></td> <td>4,431,060</td> <td></td> <td>687,690</td> <td></td> </tr> <tr> <td>Short-term investments</td> <td>2,693,019</td> <td></td> <td>2,550,488</td> <td></td> <td>395,830</td> <td></td> </tr> <tr> <td>Prepayments and other assets</td> <td>887,086</td> <td></td> <td>1,127,668</td> <td></td> <td>175,011</td> <td></td> </tr> <tr> <td>Amounts due from related parties</td> <td>205,068</td> <td></td> <td>270,572</td> <td></td> <td>41,992</td> <td></td> </tr> <tr> <td><b>Total current assets</b></td> <td><b>9,544,718</b></td> <td></td> <td><b>11,974,555</b></td> <td></td> <td><b>1,858,422</b></td> <td></td> </tr> <tr> <td><b>Non-current assets:</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td>Property and equipment, net</td> <td>1,956,790</td> <td></td> <td>2,058,794</td> <td></td> <td>319,520</td> <td></td> </tr> <tr> <td>Intangible assets, net</td> <td>16,573</td> <td></td> <td>1,252,198</td> <td></td> <td>194,338</td> <td></td> </tr> <tr> <td>Prepayments and other assets</td> <td>11,824</td> <td></td> <td>49,291</td> <td></td> <td>7,650</td> <td></td> </tr> <tr> <td>Equity investments</td> <td>126,583</td> <td></td> <td>88,757</td> <td></td> <td>13,775</td> <td></td> </tr> <tr> <td>Goodwill</td> <td>-</td> <td></td> <td>4,402,568</td> <td></td> <td>683,268</td> <td></td> </tr> <tr> <td>Amounts due from related parties</td> <td>5,758</td> <td></td> <td>5,758</td> <td></td> <td>894</td> <td></td> </tr> <tr> <td>Operating lease right-of-use assets</td> <td>266,968</td> <td></td> <td>257,153</td> <td></td> <td>39,910</td> <td></td> </tr> <tr> <td>Deferred tax assets</td> <td>—</td> <td></td> <td>16,515</td> <td></td> <td>2,563</td> <td></td> </tr> <tr> <td><b>Total non-current assets</b></td> <td><b>2,384,496</b></td> <td></td> <td><b>8,131,034</b></td> <td></td> <td><b>1,261,918</b></td> <td></td> </tr> <tr> <td><b>Total assets</b></td> <td><b>11,929,214</b></td> <td></td> <td><b>20,105,589</b></td> <td></td> <td><b>3,120,340</b></td> <td></td> </tr> <tr> <td></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td><b>LIABILITIES AND SHAREHOLDERS’ EQUITY</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td><b>Current liabilities:</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td>Short-term bank loans</td> <td>278,488</td> <td></td> <td>901,455</td> <td></td> <td>139,904</td> <td></td> </tr> <tr> <td>Accounts payable</td> <td>2,057,355</td> <td></td> <td>3,151,825</td> <td></td> <td>489,156</td> <td></td> </tr> <tr> <td>Accrued expenses and other current liabilities</td> <td>845,374</td> <td></td> <td>1,458,523</td> <td></td> <td>226,359</td> <td></td> </tr> <tr> <td>Long-term bank loan, current portion</td> <td>74,351.00</td> <td></td> <td>—</td> <td></td> <td>—</td> <td></td> </tr> <tr> <td>Income tax payable</td> <td>20,564</td> <td></td> <td>79,673</td> <td></td> <td>12,365</td> <td></td> </tr> <tr> <td>Amounts due to related parties</td> <td>112,998</td> <td></td> <td>263,930</td> <td></td> <td>40,961</td> <td></td> </tr></p><p><blockquote><table><tbody><tr><td colspan=\"7\"></td></tr><tr><td colspan=\"7\"><b>金山云控股有限公司</b></td></tr><tr><td colspan=\"7\"><b>未经审核简明综合资产负债表</b></td></tr><tr><td colspan=\"7\"><b>(所有金额均以千为单位)</b></td></tr><tr><td></td><td colspan=\"2\"><b>12月31日,</b></td><td colspan=\"2\"><b>2020</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td></tr><tr><td></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>美元</b></td></tr><tr><td><b>资产</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td><b>流动资产:</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td>现金及现金等价物</td><td>3,424,674</td><td></td><td>3,444,174</td><td></td><td>534,527</td><td></td></tr><tr><td>受限制现金</td><td>—</td><td></td><td>150,593</td><td></td><td>23,372</td><td></td></tr><tr><td>应收账款净额</td><td>2,334,871</td><td></td><td>4,431,060</td><td></td><td>687,690</td><td></td></tr><tr><td>短期投资</td><td>2,693,019</td><td></td><td>2,550,488</td><td></td><td>395,830</td><td></td></tr><tr><td>预付款项及其他资产</td><td>887,086</td><td></td><td>1,127,668</td><td></td><td>175,011</td><td></td></tr><tr><td>应收关联方款项</td><td>205,068</td><td></td><td>270,572</td><td></td><td>41,992</td><td></td></tr><tr><td><b>流动资产总额</b></td><td><b>9,544,718</b></td><td></td><td><b>11,974,555</b></td><td></td><td><b>1,858,422</b></td><td></td></tr><tr><td><b>非流动资产:</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td>财产和设备净额</td><td>1,956,790</td><td></td><td>2,058,794</td><td></td><td>319,520</td><td></td></tr><tr><td>无形资产净额</td><td>16,573</td><td></td><td>1,252,198</td><td></td><td>194,338</td><td></td></tr><tr><td>预付款项及其他资产</td><td>11,824</td><td></td><td>49,291</td><td></td><td>7,650</td><td></td></tr><tr><td>股权投资</td><td>126,583</td><td></td><td>88,757</td><td></td><td>13,775</td><td></td></tr><tr><td>善意</td><td>-</td><td></td><td>4,402,568</td><td></td><td>683,268</td><td></td></tr><tr><td>应收关联方款项</td><td>5,758</td><td></td><td>5,758</td><td></td><td>894</td><td></td></tr><tr><td>经营租赁使用权资产</td><td>266,968</td><td></td><td>257,153</td><td></td><td>39,910</td><td></td></tr><tr><td>递延税项资产</td><td>—</td><td></td><td>16,515</td><td></td><td>2,563</td><td></td></tr><tr><td><b>非流动资产总额</b></td><td><b>2,384,496</b></td><td></td><td><b>8,131,034</b></td><td></td><td><b>1,261,918</b></td><td></td></tr><tr><td><b>资产总额</b></td><td><b>11,929,214</b></td><td></td><td><b>20,105,589</b></td><td></td><td><b>3,120,340</b></td><td></td></tr><tr><td></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td><b>负债及股东权益</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td><b>流动负债:</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td>短期银行贷款</td><td>278,488</td><td></td><td>901,455</td><td></td><td>139,904</td><td></td></tr><tr><td>应付账款</td><td>2,057,355</td><td></td><td>3,151,825</td><td></td><td>489,156</td><td></td></tr><tr><td>应计费用及其他流动负债</td><td>845,374</td><td></td><td>1,458,523</td><td></td><td>226,359</td><td></td></tr><tr><td>长期银行贷款,流动部分</td><td>74,351.00</td><td></td><td>—</td><td></td><td>—</td><td></td></tr><tr><td>应交所得税</td><td>20,564</td><td></td><td>79,673</td><td></td><td>12,365</td><td></td></tr><tr><td>应付关联方款项</td><td>112,998</td><td></td><td>263,930</td><td></td><td>40,961</td><td></td></tr></tbody></table></blockquote></p><p></p><p> <table> <tbody> <tr> <td colspan=\"17\"><b>KINGSOFT CLOUD HOLDINGS LIMITED</b></td> </tr> <tr> <td colspan=\"17\"><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS</b></td> </tr> <tr> <td colspan=\"17\"><b>(All amounts in thousands, except for share and per share data)</b></td> </tr> <tr> <td></td> <td colspan=\"8\"><b>Three Months Ended</b></td> <td colspan=\"2\"></td> <td colspan=\"6\"><b>Nine Months Ended</b></td> </tr> <tr> <td></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2020</b></td> <td colspan=\"2\"><b>March 31,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Jun 30,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2020</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> <td colspan=\"2\"><b>Sep 30,</b></td> <td colspan=\"2\"><b>2021</b></td> </tr> <tr> <td></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>US$</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>RMB</b></td> <td colspan=\"2\"><b>US$</b></td> </tr> <tr> <td><b>Revenues:</b></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td>Public cloud services</td> <td>1,309,693</td> <td></td> <td>1,391,833</td> <td></td> <td>1,550,777</td> <td></td> <td>1,685,999</td> <td></td> <td>261,663</td> <td></td> <td>3,805,346</td> <td></td> <td>4,628,609</td> <td></td> <td>718,349</td> <td></td> </tr> <tr> <td>Enterprise cloud services</td> <td>409,101</td> <td></td> <td>420,032</td> <td></td> <td>622,145</td> <td></td> <td>726,865</td> <td></td> <td>112,808</td> <td></td> <td>836,769</td> <td></td> <td>1,769,042</td> <td></td> <td>274,551</td> <td></td> </tr> <tr> <td>Others</td> <td>10,049</td> <td></td> <td>1,667</td> <td></td> <td>765</td> <td></td> <td>971</td> <td></td> <td>151</td> <td></td> <td>12,446</td> <td></td> <td>3,403</td> <td></td> <td>528</td> <td></td> </tr> <tr> <td><b>Total revenues</b></td> <td><b>1,728,843</b></td> <td></td> <td><b>1,813,532</b></td> <td></td> <td><b>2,173,687</b></td> <td></td> <td><b>2,413,835</b></td> <td></td> <td><b>374,622</b></td> <td></td> <td><b>4,654,561</b></td> <td></td> <td><b>6,401,054</b></td> <td></td> <td><b>993,428</b></td> <td></td> </tr> <tr> <td>Cost of revenues</td> <td>(1,615,945</td> <td>)</td> <td>(1,697,029</td> <td>)</td> <td>(2,055,205</td> <td>)</td> <td>(2,325,423</td> <td>)</td> <td>(360,900</td> <td>)</td> <td>(4,390,148</td> <td>)</td> <td>(6,077,657</td> <td>)</td> <td>(943,238</td> <td>)</td> </tr> <tr> <td><b>Gross profit </b></td> <td><b>112,898</b></td> <td></td> <td><b>116,503</b></td> <td></td> <td><b>118,482</b></td> <td></td> <td><b>88,412</b></td> <td></td> <td><b>13,722</b></td> <td></td> <td><b>264,413</b></td> <td></td> <td><b>323,397</b></td> <td></td> <td><b>50,190</b></td> <td></td> </tr> <tr> <td>Operating expenses:</td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> </tr> <tr> <td>Selling and marketing expenses</td> <td>(96,802</td> <td>)</td> <td>(112,826</td> <td>)</td> <td>(96,058</td> <td>)</td> <td>(132,202</td> <td>)</td> <td>(20,517</td> <td>)</td> <td>(294,545</td> <td>)</td> <td>(341,086</td> <td>)</td> <td>(52,936</td> <td>)</td> </tr> <tr> <td>General and administrative expenses</td> <td>(91,338</td> <td>)</td> <td>(91,177</td> <td>)</td> <td>(110,637</td> <td>)</td> <td>(156,573</td> <td>)</td> <td>(24,300</td> <td>)</td> <td>(337,736</td> <td>)</td> <td>(358,387</td> <td>)</td> <td>(55,621</td> <td>)</td> </tr> <tr> <td>Research and development expenses</td> <td>(167,590</td> <td>)</td> <td>(264,636</td> <td>)</td> <td>(232,252</td> <td>)</td> <td>(268,721</td> <td>)</td> <td>(41,705</td> <td>)</td> <td>(594,068</td> <td>)</td> <td>(765,609</td> <td>)</td> <td>(118,821</td> <td>)</td> </tr> <tr> <td></td> <td colspan=\"2\"></td> <td colspan=\"2\"></td> <td co</p><p><blockquote><table><tbody><tr><td colspan=\"17\"><b>金山云控股有限公司</b></td></tr><tr><td colspan=\"17\"><b>未经审核简明综合全面亏损报表</b></td></tr><tr><td colspan=\"17\"><b>(除股份及每股数据外,所有金额均以千计)</b></td></tr><tr><td></td><td colspan=\"8\"><b>三个月结束</b></td><td colspan=\"2\"></td><td colspan=\"6\"><b>九个月结束</b></td></tr><tr><td></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2020</b></td><td colspan=\"2\"><b>3月31日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>6月30日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2020</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td><td colspan=\"2\"><b>9月30日,</b></td><td colspan=\"2\"><b>2021</b></td></tr><tr><td></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>美元</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>人民币</b></td><td colspan=\"2\"><b>美元</b></td></tr><tr><td><b>收入:</b></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td>公共云服务</td><td>1,309,693</td><td></td><td>1,391,833</td><td></td><td>1,550,777</td><td></td><td>1,685,999</td><td></td><td>261,663</td><td></td><td>3,805,346</td><td></td><td>4,628,609</td><td></td><td>718,349</td><td></td></tr><tr><td>企业云服务</td><td>409,101</td><td></td><td>420,032</td><td></td><td>622,145</td><td></td><td>726,865</td><td></td><td>112,808</td><td></td><td>836,769</td><td></td><td>1,769,042</td><td></td><td>274,551</td><td></td></tr><tr><td>其他</td><td>10,049</td><td></td><td>1,667</td><td></td><td>765</td><td></td><td>971</td><td></td><td>151</td><td></td><td>12,446</td><td></td><td>3,403</td><td></td><td>528</td><td></td></tr><tr><td><b>收入总额</b></td><td><b>1,728,843</b></td><td></td><td><b>1,813,532</b></td><td></td><td><b>2,173,687</b></td><td></td><td><b>2,413,835</b></td><td></td><td><b>374,622</b></td><td></td><td><b>4,654,561</b></td><td></td><td><b>6,401,054</b></td><td></td><td><b>993,428</b></td><td></td></tr><tr><td>收入成本</td><td>(1,615,945</td><td>)</td><td>(1,697,029</td><td>)</td><td>(2,055,205</td><td>)</td><td>(2,325,423</td><td>)</td><td>(360,900</td><td>)</td><td>(4,390,148</td><td>)</td><td>(6,077,657</td><td>)</td><td>(943,238</td><td>)</td></tr><tr><td><b>毛利</b></td><td><b>112,898</b></td><td></td><td><b>116,503</b></td><td></td><td><b>118,482</b></td><td></td><td><b>88,412</b></td><td></td><td><b>13,722</b></td><td></td><td><b>264,413</b></td><td></td><td><b>323,397</b></td><td></td><td><b>50,190</b></td><td></td></tr><tr><td>营运费用:</td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td colspan=\"2\"></td></tr><tr><td>销售及营销开支</td><td>(96,802</td><td>)</td><td>(112,826</td><td>)</td><td>(96,058</td><td>)</td><td>(132,202</td><td>)</td><td>(20,517</td><td>)</td><td>(294,545</td><td>)</td><td>(341,086</td><td>)</td><td>(52,936</td><td>)</td></tr><tr><td>一般及行政开支</td><td>(91,338</td><td>)</td><td>(91,177</td><td>)</td><td>(110,637</td><td>)</td><td>(156,573</td><td>)</td><td>(24,300</td><td>)</td><td>(337,736</td><td>)</td><td>(358,387</td><td>)</td><td>(55,621</td><td>)</td></tr><tr><td>研发开支</td><td>(167,590</td><td>)</td><td>(264,636</td><td>)</td><td>(232,252</td><td>)</td><td>(268,721</td><td>)</td><td>(41,705</td><td>)</td><td>(594,068</td><td>)</td><td>(765,609</td><td>)</td><td>(118,821</td><td>)</td></tr><tr><td></td><td colspan=\"2\"></td><td colspan=\"2\"></td><td co</tr></tbody></table></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KC":"金山云"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185591503","content_text":"BEIJING, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.\nMr. Yulin Wang, Chief Executive Officer of Kingsoft Cloud, commented, “As the largest independent cloud service provider in China, we continue to execute our growth strategies as we strive to ‘become the most trusted cloud partner for our customers, and create the digital future together’. Despite headwinds in the macro environment, we are making great strides in building and strengthening relationships with premium customers. Last quarter we engaged with Meituan as our new customer. We have seen these newly engaged premium customers continue to contribute more to our incremental public cloud revenues. We are proud to announce that Pinduoduo, one of the largest e-commerce platforms in China, became a new customer this quarter. We expect the new customer engagement trend continue to boost our public cloud growth. In addition, we have captured the new opportunities amid the regulation changes and started working with Shouqi, one of the emerging ride-hailing applications to empower them navigating the shifting landscape in China since July this year. Through these cooperation, we made further progress in enriching and diversifying our products and solution offerings in different sectors. And lastly, we are on track of integrating Camelot as a part of our efforts to build out our enterprise cloud services business. They currently serve over 500 premium customers and own multiple fulfillment centers, and we are now working on cross selling our services and enhancing our execution capabilities. We believe we are well positioned for long-term and healthy growth in this new era of digitalization.”\nMr. Henry He, Chief Financial Officer of Kingsoft Cloud added, “Our total revenues were RMB2,413.8 million, up 40% year-over-year. Revenue from public cloud services was RMB1,686.0 million. For the second time in a row, our public cloud incremental revenues rose over RMB100 million sequentially, and it was the seventh consecutive quarterly revenue increase since our IPO. Revenue from enterprise cloud services was RMB726.9 million, a year-over-year increase of 78%. In October, we held our inaugural Kingsoft Cloud Summit & Investor Day. We would like to express our appreciation for all those who attended and for your continued support.”\nThird Quarter 2021 Financial Results\nTotal Revenues reached RMB2,413.8 million (US$374.61 million), representing an increase of 39.6% from RMB1,728.8 million in the same period of 2020. The increases were due to the growth in both public cloud services and enterprise cloud services for our premium customers.\n\nRevenues from public cloud services were RMB1,686.0 million (US$261.7 million), representing an increase of 28.7% from RMB1,309.7 million in the same period of 2020 and a quarter-over-quarter incremental increase of RMB135.2 million. Revenues from public cloud services have been increasing for seven consecutive quarters since our first quarterly results after IPO. The increase was mainly due to our stable relations with top premium customers, engagement with new high-profile customers and cross-selling of our diversified products and solutions.\nRevenues from enterprise cloud services were RMB726.9 million (US$112.8 million), representing an increase of 77.7% from RMB409.1 million in the same period of 2020. The increase was mainly due to the strong demand in the market and our capabilities to provide industry-specific solutions, partially offset by the power shortage issues which delayed certain delivery process of enterprise cloud projects.\n\n\nOther revenues were RMB0.9 million (US$0.1 million).\n\n\n_______________\n1 This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.\nCost of revenues was RMB2,325.4 million (US$360.9 million), representing an increase of 43.9% from RMB1,615.9 million in the same period of 2020. IDC costs increased by 33.1% to RMB1,410.9 million (US$219.0 million) from RMB1,060.1 million in the same period of 2020, in line with the Company’s expanding business. Depreciation and amortization costs were RMB200.0 million (US$31.0 million), compared with RMB156.5 million in the same period of 2020.\nGross profit decreased by 21.7% to RMB88.4 million (US$13.7 million), from RMB112.9 million in the same period in 2020. Gross margin was 3.7%, compared with 6.5% in the same period in 2020.\nNon-GAAP gross profit2 decreased by 19.7% to RMB92.2 million (US$14.3 million), from RMB114.8 million in the same period in 2020. Non- GAAP gross margin was 3.8%, compared with 6.6% in the same period in 2020. The decrease was primarily due to lower than expected utilization of our underlying public cloud infrastructure which was budgeted based on demand forecast as of the beginning of the year, and industry-wide public cloud demand turned out to be lower than expected.\nSelling and marketing expenses were RMB132.2 million (US$20.5 million), compared with RMB96.8 million in the same period in 2020.\nGeneral and administrative expenses were RMB156.6 million (US$24.3 million), compared with RMB91.3 million in the same period in 2020.\nResearch and development expenses were RMB268.7 million (US$41.7 million), compared with RMB167.6 million in the same period in 2020.\nThe increase in expenses was primarily due to the increase in salaries, social insurance fees and share-based compensation expenses.\n\nOperating loss was RMB469.1 million (US$72.8 million), compared with operating loss of RMB242.8 million in the same quarter of 2020.\nNet loss was RMB506.7 million (US$78.6 million), compared with net loss of RMB105.3 million in the same quarter of 2020.\nNon-GAAP net loss was RMB363.7 million (US$56.4 million), compared with net loss of RMB169.1 million in the same quarter of 2020.\nNon-GAAP EBITDA was RMB-140.6 million (US$-21.8 million), compared with RMB-26.3 million in the same quarter of 2020. The decrease of Non-GAAP EBITDA was due to the changes of gross profits, the increase of personnel expenses and one time off Camelot transaction expenses. Non-GAAP EBITDA margin was -5.8%, compared with -1.5% in the same quarter of 2020.\nBasic and diluted net loss per share was RMB0.15 (US$0.02), compared with RMB0.03 in the same quarter of 2020.\nCash and cash equivalents and short-term investments were RMB5,994.7 million (US$930.4 million) as of September 30, 2021, compared to RMB5,474.9 million as of June 30, 2021.\nOutstanding ordinary shares were 3,625,037,000 as of September 30, 2021, equivalent to about 241,669,133 ADSs.\n_______________\n2 Non-GAAP gross profit is defined as gross profit excluding share-based compensation allocated in the cost of revenues and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. See “Use of Non-GAAP Financial Measures” set forth at the end of this press release.\nBusiness Outlook\nFor the fourth quarter of 2021, the Company expects total revenues to be between RMB2.63 billion and RMB2.83 billion, representing a year- over-year growth of 37% to 47%. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.\nConference Call Information\nThe Company will hold a conference call on Wednesday, November 24, 2021, at 7:00 A.M. Eastern Time (8:00 P.M. Beijing/Hong Kong Time on the same day) to discuss the financial results.\nParticipants can register for the conference call by navigating to http://apac.directeventreg.com/registration/event/3224539. Once preregistration has been completed, participants will receive dial-in numbers, direct event passcode, and a unique registrant ID.\nTo join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your registrant ID, and you will join the conference instantly.\nA telephone replay of the call will be available after the conclusion of the conference call through 8:00 a.m. U.S. Eastern Time, December 2, 2021. The dial-in details for the replay are as follows:\nInternational: +61-2-8199-0299\nU.S. Toll Free: +1-855-452-5696\nMainland China Toll Free: 800-870-0206\nHong Kong Toll Free: 800-963-117\nConference ID: 3224539\nA live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.ksyun.com/.\nUse of Non-GAAP Financial Measures\nThe unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). In evaluating our business, we consider and use certain non-GAAP measures, Non-GAAP gross profit, Non-GAAP gross margin, Non-GAAP EBITDA, Non-GAAP EBITDA margin, Non-GAAP net loss and Non-GAAP net loss margin, as supplemental measures to review and assess our operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define Non-GAAP gross profit as gross profit excluding share-based compensation allocated in the cost of revenues, and we define Non-GAAP gross margin as Non-GAAP gross profit as a percentage of revenues. We define Non-GAAP net loss as net loss excluding share-based compensation, foreign exchange (gain) loss, other gain and other (income) expense, net, and we define Non-GAAP net loss margin as Non-GAAP net loss as a percentage of revenues. We define Non-GAAP EBITDA as Non-GAAP net loss excluding interest income, interest expense, income tax expense and depreciation and amortization, and we define Non-GAAP EBITDA margin as Non-GAAP EBITDA as a percentage of revenues. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We also believe that the use of these non-GAAP measures facilitates investors’ assessment of our operating performance.\nThese non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.\nWe compensate for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.\nExchange Rate Information\nThis press release contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from RMB to U.S. dollars, in this press release, were made at a rate of RMB6.4434 to US$1.00, the noon buying rate in effect on September 30, 2021 as certified for customs purposes by the Federal Reserve Bank of New York.\nSafe Harbor Statement\nThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the Business Outlook, and quotations from management in this announcement, as well as Kingsoft Cloud’s strategic and operational plans, contain forward-looking statements. Kingsoft Cloud may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Statements that are not historical facts, including but not limited to statements about Kingsoft Cloud’s beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Kingsoft Cloud’s goals and strategies; Kingsoft Cloud’s future business development, results of operations and financial condition; relevant government policies and regulations relating to Kingsoft Cloud’s business and industry; the expected growth of the cloud service market in China; the expectation regarding the rate at which to gain customers, especially Premium Customers; Kingsoft Cloud’s ability to monetize the customer base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Kingsoft Cloud’s business operations and the economy in China and elsewhere generally; China’s political or social conditions and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Kingsoft Cloud’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kingsoft Cloud does not undertake any obligation to update any forward-looking statement, except as required under applicable law.\nAbout Kingsoft Cloud Holdings Limited\nKingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading independent cloud service provider in China. Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud and enterprise cloud.\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\nUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS\n\n\n(All amounts in thousands)\n\n\n\nDec 31,\n2020\nSep 30,\n2021\nSep 30,\n2021\n\n\n\nRMB\nRMB\nUS$\n\n\nASSETS\n\n\n\n\n\nCurrent assets:\n\n\n\n\n\nCash and cash equivalents\n3,424,674\n\n3,444,174\n\n534,527\n\n\n\nRestricted cash\n—\n\n150,593\n\n23,372\n\n\n\nAccounts receivable, net\n2,334,871\n\n4,431,060\n\n687,690\n\n\n\nShort-term investments\n2,693,019\n\n2,550,488\n\n395,830\n\n\n\nPrepayments and other assets\n887,086\n\n1,127,668\n\n175,011\n\n\n\nAmounts due from related parties\n205,068\n\n270,572\n\n41,992\n\n\n\nTotal current assets\n9,544,718\n\n11,974,555\n\n1,858,422\n\n\n\nNon-current assets:\n\n\n\n\n\nProperty and equipment, net\n1,956,790\n\n2,058,794\n\n319,520\n\n\n\nIntangible assets, net\n16,573\n\n1,252,198\n\n194,338\n\n\n\nPrepayments and other assets\n11,824\n\n49,291\n\n7,650\n\n\n\nEquity investments\n126,583\n\n88,757\n\n13,775\n\n\n\nGoodwill\n-\n\n4,402,568\n\n683,268\n\n\n\nAmounts due from related parties\n5,758\n\n5,758\n\n894\n\n\n\nOperating lease right-of-use assets\n266,968\n\n257,153\n\n39,910\n\n\n\nDeferred tax assets\n—\n\n16,515\n\n2,563\n\n\n\nTotal non-current assets\n2,384,496\n\n8,131,034\n\n1,261,918\n\n\n\nTotal assets\n11,929,214\n\n20,105,589\n\n3,120,340\n\n\n\n\n\n\n\n\n\nLIABILITIES AND SHAREHOLDERS’ EQUITY\n\n\n\n\n\nCurrent liabilities:\n\n\n\n\n\nShort-term bank loans\n278,488\n\n901,455\n\n139,904\n\n\n\nAccounts payable\n2,057,355\n\n3,151,825\n\n489,156\n\n\n\nAccrued expenses and other current liabilities\n845,374\n\n1,458,523\n\n226,359\n\n\n\nLong-term bank loan, current portion\n74,351.00\n\n—\n\n—\n\n\n\nIncome tax payable\n20,564\n\n79,673\n\n12,365\n\n\n\nAmounts due to related parties\n112,998\n\n263,930\n\n40,961\n\n\n\nCurrent operating lease liabilities\n76,469\n\n74,638\n\n11,584\n\n\n\nTotal current liabilities\n3,465,599\n\n5,930,044\n\n920,329\n\n\n\n\n\n\n\n\n\nNon-current liabilities:\n\n\n\n\n\nDeferred tax liabilities\n29\n\n251,081\n\n38,967\n\n\n\nAmounts due to related parties\n—\n\n425,762\n\n66,077\n\n\n\nOther liabilities\n40,578\n\n1,256,123\n\n194,947\n\n\n\nNon-current operating lease liabilities\n182,958\n\n181,622\n\n28,187\n\n\n\nTotal non-current liabilities\n223,565\n\n2,114,588\n\n328,178\n\n\n\nTotal liabilities\n3,689,164\n\n8,044,632\n\n1,248,507\n\n\n\nShareholders’ equity:\n\n\n\n\n\nOrdinary shares\n22,801\n\n24,645\n\n3,825\n\n\n\nAdditional paid-in capital\n14,149,984\n\n18,112,182\n\n2,810,968\n\n\n\nAccumulated deficit\n(5,864,356\n)\n(6,980,829\n)\n(1,083,408\n)\n\n\nAccumulated other comprehensive loss\n(68,440\n)\n(88,882\n)\n(13,794\n)\n\n\nTotal Kingsoft Cloud Holdings Limited shareholders’ equity\n8,239,989\n\n11,067,116\n\n1,717,591\n\n\n\nNoncontrolling interests\n61\n\n993,841\n\n154,242\n\n\n\nTotal equity\n8,240,050\n\n12,060,957\n\n1,871,833\n\n\n\nTotal liabilities and shareholders’ equity\n11,929,214\n\n20,105,589\n\n3,120,340\n\n\n\n\n\n\n\n\n\n\nFor the business combinations occurred during the period, the Company is in the process of finalizing valuations of the net identifiable assets acquired. As the Company receives additional information during the measurement period, the fair values assigned to the assets and liabilities may be adjusted.\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\nUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS\n\n\n(All amounts in thousands, except for share and per share data)\n\n\n\nThree Months Ended\n\nNine Months Ended\n\n\n\nSep 30,\n2020\nMarch 31,\n2021\nJun 30,\n2021\nSep 30,\n2021\nSep 30,\n2021\nSep 30,\n2020\nSep 30,\n2021\nSep 30,\n2021\n\n\n\nRMB\nRMB\nRMB\nRMB\nUS$\nRMB\nRMB\nUS$\n\n\nRevenues:\n\n\n\n\n\n\n\n\n\n\nPublic cloud services\n1,309,693\n\n1,391,833\n\n1,550,777\n\n1,685,999\n\n261,663\n\n3,805,346\n\n4,628,609\n\n718,349\n\n\n\nEnterprise cloud services\n409,101\n\n420,032\n\n622,145\n\n726,865\n\n112,808\n\n836,769\n\n1,769,042\n\n274,551\n\n\n\nOthers\n10,049\n\n1,667\n\n765\n\n971\n\n151\n\n12,446\n\n3,403\n\n528\n\n\n\nTotal revenues\n1,728,843\n\n1,813,532\n\n2,173,687\n\n2,413,835\n\n374,622\n\n4,654,561\n\n6,401,054\n\n993,428\n\n\n\nCost of revenues\n(1,615,945\n)\n(1,697,029\n)\n(2,055,205\n)\n(2,325,423\n)\n(360,900\n)\n(4,390,148\n)\n(6,077,657\n)\n(943,238\n)\n\n\nGross profit \n112,898\n\n116,503\n\n118,482\n\n88,412\n\n13,722\n\n264,413\n\n323,397\n\n50,190\n\n\n\nOperating expenses:\n\n\n\n\n\n\n\n\n\n\nSelling and marketing expenses\n(96,802\n)\n(112,826\n)\n(96,058\n)\n(132,202\n)\n(20,517\n)\n(294,545\n)\n(341,086\n)\n(52,936\n)\n\n\nGeneral and administrative expenses\n(91,338\n)\n(91,177\n)\n(110,637\n)\n(156,573\n)\n(24,300\n)\n(337,736\n)\n(358,387\n)\n(55,621\n)\n\n\nResearch and development expenses\n(167,590\n)\n(264,636\n)\n(232,252\n)\n(268,721\n)\n(41,705\n)\n(594,068\n)\n(765,609\n)\n(118,821\n)\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal operating expenses\n(355,730\n)\n(468,639\n)\n(438,947\n)\n(557,496\n)\n(86,522\n)\n(1,226,349\n)\n(1,465,082\n)\n(227,378\n)\n\n\nOperating loss\n(242,832\n)\n(352,136\n)\n(320,465\n)\n(469,084\n)\n(72,800\n)\n(961,936\n)\n(1,141,685\n)\n(177,188\n)\n\n\nInterest income\n24,414\n\n17,746\n\n18,927\n\n14,668\n\n2,276\n\n55,446\n\n51,341\n\n7,968\n\n\n\nInterest expense\n(3,940\n)\n(3,866\n)\n(6,689\n)\n(14,277\n)\n(2,216\n)\n(7,615\n)\n(24,832\n)\n(3,854\n)\n\n\nForeign exchange gain (loss)\n117,714\n\n(48,375\n)\n71,277\n\n(32,443\n)\n(5,035\n)\n74,687\n\n(9,541\n)\n(1,481\n)\n\n\nOther gain\n2,825\n\n5,782\n\n15,357\n\n-\n\n-\n\n3,023\n\n21,139\n\n3,281\n\n\n\nOther income (expense), net\n515\n\n1,926\n\n4,464\n\n(596\n)\n(92\n)\n(9,086\n)\n5,794\n\n899\n\n\n\nLoss before income taxes\n(101,304\n)\n(378,923\n)\n(217,129\n)\n(501,732\n)\n(77,867\n)\n(845,481\n)\n(1,097,784\n)\n(170,375\n)\n\n\nIncome tax expense\n(4,033\n)\n(3,286\n)\n(3,469\n)\n(5,004\n)\n(777\n)\n(11,559\n)\n(11,759\n)\n(1,825\n)\n\n\nNet loss\n(105,337\n)\n(382,209\n)\n(220,598\n)\n(506,736\n)\n(78,644\n)\n(857,040\n)\n(1,109,543\n)\n(172,200\n)\n\n\nLess: net income (loss) attributable to noncontrolling interests\n196\n\n255\n\n(244\n)\n1,232\n\n191\n\n7\n\n1,243\n\n193\n\n\n\nNet loss attributable to Kingsoft Cloud Holdings Limited\n(105,533\n)\n(382,464\n)\n(220,354\n)\n(507,968\n)\n(78,835\n)\n(857,047\n)\n(1,110,786\n)\n(172,393\n)\n\n\nAccretion to redemption value of redeemable convertible preferred shares\n-\n\n-\n\n-\n\n-\n\n-\n\n(19,768\n)\n-\n\n-\n\n\n\nNet loss attributable to ordinary shareholders\n(105,533\n)\n(382,464\n)\n(220,354\n)\n(507,968\n)\n(78,835\n)\n(876,815\n)\n(1,110,786\n)\n(172,393\n)\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet loss per share:\n\n\n\n\n\n\n\n\n\n\nBasic and diluted\n(0.03\n)\n(0.11\n)\n(0.07\n)\n(0.15\n)\n(0.02\n)\n(0.42\n)\n(0.33\n)\n(0.05\n)\n\n\nShares used in the net loss per share computation:\n\n\n\n\n\n\n\n\n\n\nBasic and diluted\n3,153,524,558\n\n3,343,336,997\n\n3,351,178,745\n\n3,437,397,527\n\n3,437,397,527\n\n2,098,997,211\n\n3,377,952,450\n\n3,377,952,450\n\n\n\nOther comprehensive (loss) income, net of tax of nil:\n\n\n\n\n\n\n\n\n\n\nForeign currency translation adjustments\n(277,166\n)\n70,773\n\n(132,888\n)\n41,673\n\n6,468\n\n(225,134\n)\n(20,442\n)\n(3,173\n)\n\n\nComprehensive loss\n(382,503\n)\n(311,436\n)\n(353,486\n)\n(465,063\n)\n(72,176\n)\n(1,082,174\n)\n(1,129,985\n)\n(175,373\n)\n\n\nLess: Comprehensive income (loss) attributable to noncontrolling interests\n196\n\n255\n\n(244\n)\n1,232\n\n191\n\n7\n\n1,243\n\n193\n\n\n\nComprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders\n(382,699\n)\n(311,691\n)\n(353,242\n)\n(466,295\n)\n(72,367\n)\n(1,082,181\n)\n(1,131,228\n)\n(175,566\n)\n\n\nAccretion to redemption value of redeemable convertible preferred shares\n-\n\n-\n\n-\n\n-\n\n-\n\n(19,768\n)\n-\n\n-\n\n\n\nComprehensive loss attributable to ordinary shareholders\n(382,699\n)\n(311,691\n)\n(353,242\n)\n(466,295\n)\n(72,367\n)\n(1,101,949\n)\n(1,131,228\n)\n(175,566\n)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\n\nRECONCILIATION OF GAAP AND NON-GAAP RESULTS\n\n\n\n(All amounts in thousands, except for percentage)\n\n\n\n\nThree Months Ended\nNine Months Ended\n\n\n\nSep 30,\n2020\nMarch 31,\n2021\nJun 30,\n2021\nSep 30,\n2021\nSep 30,\n2021\nSep 30,\n2020\nSep 30,\n2021\nSep 30,\n2021\n\n\n\nRMB\nRMB\nRMB\nRMB\nUS$\nRMB\nRMB\nUS$\n\n\nGross profit\n112,898\n116,503\n118,482\n88,412\n13,722\n264,413\n323,397\n50,190\n\n\nAdjustments:\n\n\n\n\n\n\n\n\n\n\n– Share-based compensation expenses\n1,858\n5,499\n2,961\n3,741\n581\n8,293\n12,201\n1,894\n\n\nAdjusted gross profit\n114,756\n122,002\n121,443\n92,153\n14,303\n272,706\n335,598\n52,084\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\n\nRECONCILIATION OF GAAP AND NON-GAAP RESULTS\n\n\n\n(All amounts in thousands, except for percentage)\n\n\n\n\nThree Months Ended\n\nNine Months Ended\n\n\n\nSep 30,\n2020\nMarch 31,\n2021\nJun 30,\n2021\nSep 30,\n2021\nSep 30,\n2020\nSep 30,\n2021\n\n\nGross margin\n6.5%\n6.4%\n5.5%\n3.7%\n5.7%\n5.1%\n\n\nAdjusted gross margin\n6.6%\n6.7%\n5.6%\n3.8%\n5.9%\n5.2%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\n\nRECONCILIATION OF GAAP AND NON-GAAP RESULTS\n\n\n\n(All amounts in thousands, except for percentage)\n\n\n\n\nThree Months Ended\nNine Months Ended\n\n\n\nSep 30,\n2020\nMarch 31,\n2021\nJun 30,\n2021\nSep 30,\n2021\nSep 30,\n2021\nSep 30,\n2020\nSep 30,\n2021\nSep 30,\n2021\n\n\n\nRMB\nRMB\nRMB\nRMB\nUS$\nRMB\nRMB\nUS$\n\n\nNet Loss\n(105,337\n)\n(382,209\n)\n(220,598\n)\n(506,736\n)\n(78,644\n)\n(857,040\n)\n(1,109,543\n)\n(172,200\n)\n\n\nAdjustments:\n\n\n\n\n\n\n\n\n\n\n– Share-based compensation expenses\n57,339\n\n123,113\n\n76,092\n\n110,006\n\n17,073\n\n275,571\n\n309,211\n\n47,989\n\n\n\n– Foreign exchange (gain) loss\n(117,714\n)\n48,375\n\n(71,277\n)\n32,443\n\n5,035\n\n(74,687\n)\n9,541\n\n1,481\n\n\n\n– Other gain\n(2,825\n)\n(5,782\n)\n(15,357\n)\n-\n\n-\n\n(3,023\n)\n(21,139\n)\n(3,281\n)\n\n\n– Other (income) expense, net\n(515\n)\n(1,926\n)\n(4,464\n)\n596\n\n92\n\n9,086\n\n(5,794\n)\n(899\n)\n\n\nAdjusted net loss\n(169,052\n)\n(218,429\n)\n(235,604\n)\n(363,691\n)\n(56,444\n)\n(650,093\n)\n(817,724\n)\n(126,910\n)\n\n\nAdjustments:\n\n\n\n\n\n\n\n\n\n\n– Interest income\n(24,414\n)\n(17,746\n)\n(18,927\n)\n(14,668\n)\n(2,276\n)\n(55,446\n)\n(51,341\n)\n(7,968\n)\n\n\n– Interest expense\n3,940\n\n3,866\n\n6,689\n\n14,277\n\n2,216\n\n7,615\n\n24,832\n\n3,854\n\n\n\n– Income tax expense\n4,033\n\n3,286\n\n3,469\n\n5,004\n\n777\n\n11,559\n\n11,759\n\n1,825\n\n\n\n– Depreciation and amortization\n159,199\n\n180,466\n\n189,123\n\n218,450\n\n33,903\n\n584,788\n\n588,039\n\n91,262\n\n\n\nAdjusted EBITDA\n(26,294\n)\n(48,557\n)\n(55,250\n)\n(140,628\n)\n(21,824\n)\n(101,577\n)\n(244,435\n)\n(37,937\n)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\n\nRECONCILIATION OF GAAP AND NON-GAAP RESULTS\n\n\n\n(All amounts in thousands, except for percentage)\n\n\n\n\nThree Months Ended\nNine Months Ended\n\n\n\nSep 30,\n2020\nMarch 31,\n2021\nJun 30,\n2021\nSep 30,\n2021\nSep 30,\n2020\nSep 30,\n2021\n\n\nNet loss margin\n(6.1%)\n(21.1%)\n(10.1%)\n(21.0%)\n(18.4%)\n(17.3%)\n\n\nAdjusted net loss margin\n(9.8%)\n(12.0%)\n(10.8%)\n(15.1%)\n(14.0%)\n(12.8%)\n\n\nAdjusted EBITDA margin\n(1.5%)\n(2.7%)\n(2.5%)\n(5.8%)\n(2.2%)\n(3.8%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKINGSOFT CLOUD HOLDINGS LIMITED\n\n\nUNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS\n\n\n(All amounts in thousands)\n\n\n\nThree Months Ended\n\n\n\nSep 30,\n2020\nSep 30,\n2021\nSep 30,\n2021\n\n\n\nRMB\nRMB\nUS$\n\n\nNet cash (used in) generated from operating activities\n(103,510\n)\n13,926\n2,161\n\n\nNet cash (used in) generated from investing activities\n(1,037,103\n)\n99,442\n15,433\n\n\nNet cash generated from financing activities\n1,770,098\n\n526,164\n81,659\n\n\nEffect of exchange rate changes on cash, cash equivalents and restricted cash\n(73,469\n)\n616\n96\n\n\nNet increase in cash, cash equivalents and restricted cash\n629,485\n\n639,532\n99,253\n\n\nCash, cash equivalents and restricted cash at beginning of period\n3,310,487\n\n2,954,619\n458,550\n\n\nCash, cash equivalents and restricted cash at end of period\n3,866,503\n\n3,594,767\n557,899","news_type":1,"symbols_score_info":{"KC":0.9}},"isVote":1,"tweetType":1,"viewCount":4357,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/874838355"}
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