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2021-11-24

Kingsoft Cloud Announces Unaudited Third Quarter 2021 Financial Results

BEIJING, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the

Kingsoft Cloud Announces Unaudited Third Quarter 2021 Financial Results

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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.”\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 &amp; 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<ul>\n <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>\n <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>\n</ul>\n<ul>\n <li>Other revenues were RMB0.9 million (US$0.1 million).</li>\n <li></li>\n</ul>\n_______________\n1 This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) 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.&nbsp;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&nbsp;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<table>\n <tbody>\n <tr>\n <td colspan=\"7\"></td>\n </tr>\n <tr>\n <td colspan=\"7\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n </tr>\n <tr>\n <td colspan=\"7\">UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</td>\n </tr>\n <tr>\n <td colspan=\"7\">(All amounts in thousands)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">Dec 31,</td>\n <td colspan=\"2\">2020</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">US$</td>\n </tr>\n <tr>\n <td>ASSETS</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Current assets:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Cash and cash equivalents</td>\n <td>3,424,674</td>\n <td></td>\n <td>3,444,174</td>\n <td></td>\n <td>534,527</td>\n <td></td>\n </tr>\n <tr>\n <td>Restricted cash</td>\n <td>—</td>\n <td></td>\n <td>150,593</td>\n <td></td>\n <td>23,372</td>\n <td></td>\n </tr>\n <tr>\n <td>Accounts receivable, net</td>\n <td>2,334,871</td>\n <td></td>\n <td>4,431,060</td>\n <td></td>\n <td>687,690</td>\n <td></td>\n </tr>\n <tr>\n <td>Short-term investments</td>\n <td>2,693,019</td>\n <td></td>\n <td>2,550,488</td>\n <td></td>\n <td>395,830</td>\n <td></td>\n </tr>\n <tr>\n <td>Prepayments and other assets</td>\n <td>887,086</td>\n <td></td>\n <td>1,127,668</td>\n <td></td>\n <td>175,011</td>\n <td></td>\n </tr>\n <tr>\n <td>Amounts due from related parties</td>\n <td>205,068</td>\n <td></td>\n <td>270,572</td>\n <td></td>\n <td>41,992</td>\n <td></td>\n </tr>\n <tr>\n <td>Total current assets</td>\n <td>9,544,718</td>\n <td></td>\n <td>11,974,555</td>\n <td></td>\n <td>1,858,422</td>\n <td></td>\n </tr>\n <tr>\n <td>Non-current assets:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Property and equipment, net</td>\n <td>1,956,790</td>\n <td></td>\n <td>2,058,794</td>\n <td></td>\n <td>319,520</td>\n <td></td>\n </tr>\n <tr>\n <td>Intangible assets, net</td>\n <td>16,573</td>\n <td></td>\n <td>1,252,198</td>\n <td></td>\n <td>194,338</td>\n <td></td>\n </tr>\n <tr>\n <td>Prepayments and other assets</td>\n <td>11,824</td>\n <td></td>\n <td>49,291</td>\n <td></td>\n <td>7,650</td>\n <td></td>\n </tr>\n <tr>\n <td>Equity investments</td>\n <td>126,583</td>\n <td></td>\n <td>88,757</td>\n <td></td>\n <td>13,775</td>\n <td></td>\n </tr>\n <tr>\n <td>Goodwill</td>\n <td>-</td>\n <td></td>\n <td>4,402,568</td>\n <td></td>\n <td>683,268</td>\n <td></td>\n </tr>\n <tr>\n <td>Amounts due from related parties</td>\n <td>5,758</td>\n <td></td>\n <td>5,758</td>\n <td></td>\n <td>894</td>\n <td></td>\n </tr>\n <tr>\n <td>Operating lease right-of-use assets</td>\n <td>266,968</td>\n <td></td>\n <td>257,153</td>\n <td></td>\n <td>39,910</td>\n <td></td>\n </tr>\n <tr>\n <td>Deferred tax assets</td>\n <td>—</td>\n <td></td>\n <td>16,515</td>\n <td></td>\n <td>2,563</td>\n <td></td>\n </tr>\n <tr>\n <td>Total non-current assets</td>\n <td>2,384,496</td>\n <td></td>\n <td>8,131,034</td>\n <td></td>\n <td>1,261,918</td>\n <td></td>\n </tr>\n <tr>\n <td>Total assets</td>\n <td>11,929,214</td>\n <td></td>\n <td>20,105,589</td>\n <td></td>\n <td>3,120,340</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>LIABILITIES AND SHAREHOLDERS’ EQUITY</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Current liabilities:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Short-term bank loans</td>\n <td>278,488</td>\n <td></td>\n <td>901,455</td>\n <td></td>\n <td>139,904</td>\n <td></td>\n </tr>\n <tr>\n <td>Accounts payable</td>\n <td>2,057,355</td>\n <td></td>\n <td>3,151,825</td>\n <td></td>\n <td>489,156</td>\n <td></td>\n </tr>\n <tr>\n <td>Accrued expenses and other current liabilities</td>\n <td>845,374</td>\n <td></td>\n <td>1,458,523</td>\n <td></td>\n <td>226,359</td>\n <td></td>\n </tr>\n <tr>\n <td>Long-term bank loan, current portion</td>\n <td>74,351.00</td>\n <td></td>\n <td>—</td>\n <td></td>\n <td>—</td>\n <td></td>\n </tr>\n <tr>\n <td>Income tax payable</td>\n <td>20,564</td>\n <td></td>\n <td>79,673</td>\n <td></td>\n <td>12,365</td>\n <td></td>\n </tr>\n <tr>\n <td>Amounts due to related parties</td>\n <td>112,998</td>\n <td></td>\n <td>263,930</td>\n <td></td>\n <td>40,961</td>\n <td></td>\n </tr>\n <tr>\n <td>Current operating lease liabilities</td>\n <td>76,469</td>\n <td></td>\n <td>74,638</td>\n <td></td>\n <td>11,584</td>\n <td></td>\n </tr>\n <tr>\n <td>Total current liabilities</td>\n <td>3,465,599</td>\n <td></td>\n <td>5,930,044</td>\n <td></td>\n <td>920,329</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Non-current liabilities:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Deferred tax liabilities</td>\n <td>29</td>\n <td></td>\n <td>251,081</td>\n <td></td>\n <td>38,967</td>\n <td></td>\n </tr>\n <tr>\n <td>Amounts due to related parties</td>\n <td>—</td>\n <td></td>\n <td>425,762</td>\n <td></td>\n <td>66,077</td>\n <td></td>\n </tr>\n <tr>\n <td>Other liabilities</td>\n <td>40,578</td>\n <td></td>\n <td>1,256,123</td>\n <td></td>\n <td>194,947</td>\n <td></td>\n </tr>\n <tr>\n <td>Non-current operating lease liabilities</td>\n <td>182,958</td>\n <td></td>\n <td>181,622</td>\n <td></td>\n <td>28,187</td>\n <td></td>\n </tr>\n <tr>\n <td>Total non-current liabilities</td>\n <td>223,565</td>\n <td></td>\n <td>2,114,588</td>\n <td></td>\n <td>328,178</td>\n <td></td>\n </tr>\n <tr>\n <td>Total liabilities</td>\n <td>3,689,164</td>\n <td></td>\n <td>8,044,632</td>\n <td></td>\n <td>1,248,507</td>\n <td></td>\n </tr>\n <tr>\n <td>Shareholders’ equity:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Ordinary shares</td>\n <td>22,801</td>\n <td></td>\n <td>24,645</td>\n <td></td>\n <td>3,825</td>\n <td></td>\n </tr>\n <tr>\n <td>Additional paid-in capital</td>\n <td>14,149,984</td>\n <td></td>\n <td>18,112,182</td>\n <td></td>\n <td>2,810,968</td>\n <td></td>\n </tr>\n <tr>\n <td>Accumulated deficit</td>\n <td>(5,864,356</td>\n <td>)</td>\n <td>(6,980,829</td>\n <td>)</td>\n <td>(1,083,408</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Accumulated other comprehensive loss</td>\n <td>(68,440</td>\n <td>)</td>\n <td>(88,882</td>\n <td>)</td>\n <td>(13,794</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Total Kingsoft Cloud Holdings Limited shareholders’ equity</td>\n <td>8,239,989</td>\n <td></td>\n <td>11,067,116</td>\n <td></td>\n <td>1,717,591</td>\n <td></td>\n </tr>\n <tr>\n <td>Noncontrolling interests</td>\n <td>61</td>\n <td></td>\n <td>993,841</td>\n <td></td>\n <td>154,242</td>\n <td></td>\n </tr>\n <tr>\n <td>Total equity</td>\n <td>8,240,050</td>\n <td></td>\n <td>12,060,957</td>\n <td></td>\n <td>1,871,833</td>\n <td></td>\n </tr>\n <tr>\n <td>Total liabilities and shareholders’ equity</td>\n <td>11,929,214</td>\n <td></td>\n <td>20,105,589</td>\n <td></td>\n <td>3,120,340</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n </tbody>\n</table>\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<table>\n <tbody>\n <tr>\n <td colspan=\"17\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n </tr>\n <tr>\n <td colspan=\"17\">UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS</td>\n </tr>\n <tr>\n <td colspan=\"17\">(All amounts in thousands, except for share and per share data)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"8\">Three Months Ended</td>\n <td colspan=\"2\"></td>\n <td colspan=\"6\">Nine Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2020</td>\n <td colspan=\"2\">March 31,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Jun 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2020</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">US$</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">US$</td>\n </tr>\n <tr>\n <td>Revenues:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Public cloud services</td>\n <td>1,309,693</td>\n <td></td>\n <td>1,391,833</td>\n <td></td>\n <td>1,550,777</td>\n <td></td>\n <td>1,685,999</td>\n <td></td>\n <td>261,663</td>\n <td></td>\n <td>3,805,346</td>\n <td></td>\n <td>4,628,609</td>\n <td></td>\n <td>718,349</td>\n <td></td>\n </tr>\n <tr>\n <td>Enterprise cloud services</td>\n <td>409,101</td>\n <td></td>\n <td>420,032</td>\n <td></td>\n <td>622,145</td>\n <td></td>\n <td>726,865</td>\n <td></td>\n <td>112,808</td>\n <td></td>\n <td>836,769</td>\n <td></td>\n <td>1,769,042</td>\n <td></td>\n <td>274,551</td>\n <td></td>\n </tr>\n <tr>\n <td>Others</td>\n <td>10,049</td>\n <td></td>\n <td>1,667</td>\n <td></td>\n <td>765</td>\n <td></td>\n <td>971</td>\n <td></td>\n <td>151</td>\n <td></td>\n <td>12,446</td>\n <td></td>\n <td>3,403</td>\n <td></td>\n <td>528</td>\n <td></td>\n </tr>\n <tr>\n <td>Total revenues</td>\n <td>1,728,843</td>\n <td></td>\n <td>1,813,532</td>\n <td></td>\n <td>2,173,687</td>\n <td></td>\n <td>2,413,835</td>\n <td></td>\n <td>374,622</td>\n <td></td>\n <td>4,654,561</td>\n <td></td>\n <td>6,401,054</td>\n <td></td>\n <td>993,428</td>\n <td></td>\n </tr>\n <tr>\n <td>Cost of revenues</td>\n <td>(1,615,945</td>\n <td>)</td>\n <td>(1,697,029</td>\n <td>)</td>\n <td>(2,055,205</td>\n <td>)</td>\n <td>(2,325,423</td>\n <td>)</td>\n <td>(360,900</td>\n <td>)</td>\n <td>(4,390,148</td>\n <td>)</td>\n <td>(6,077,657</td>\n <td>)</td>\n <td>(943,238</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Gross profit </td>\n <td>112,898</td>\n <td></td>\n <td>116,503</td>\n <td></td>\n <td>118,482</td>\n <td></td>\n <td>88,412</td>\n <td></td>\n <td>13,722</td>\n <td></td>\n <td>264,413</td>\n <td></td>\n <td>323,397</td>\n <td></td>\n <td>50,190</td>\n <td></td>\n </tr>\n <tr>\n <td>Operating expenses:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Selling and marketing expenses</td>\n <td>(96,802</td>\n <td>)</td>\n <td>(112,826</td>\n <td>)</td>\n <td>(96,058</td>\n <td>)</td>\n <td>(132,202</td>\n <td>)</td>\n <td>(20,517</td>\n <td>)</td>\n <td>(294,545</td>\n <td>)</td>\n <td>(341,086</td>\n <td>)</td>\n <td>(52,936</td>\n <td>)</td>\n </tr>\n <tr>\n <td>General and administrative expenses</td>\n <td>(91,338</td>\n <td>)</td>\n <td>(91,177</td>\n <td>)</td>\n <td>(110,637</td>\n <td>)</td>\n <td>(156,573</td>\n <td>)</td>\n <td>(24,300</td>\n <td>)</td>\n <td>(337,736</td>\n <td>)</td>\n <td>(358,387</td>\n <td>)</td>\n <td>(55,621</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Research and development expenses</td>\n <td>(167,590</td>\n <td>)</td>\n <td>(264,636</td>\n <td>)</td>\n <td>(232,252</td>\n <td>)</td>\n <td>(268,721</td>\n <td>)</td>\n <td>(41,705</td>\n <td>)</td>\n <td>(594,068</td>\n <td>)</td>\n <td>(765,609</td>\n <td>)</td>\n <td>(118,821</td>\n <td>)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Total operating expenses</td>\n <td>(355,730</td>\n <td>)</td>\n <td>(468,639</td>\n <td>)</td>\n <td>(438,947</td>\n <td>)</td>\n <td>(557,496</td>\n <td>)</td>\n <td>(86,522</td>\n <td>)</td>\n <td>(1,226,349</td>\n <td>)</td>\n <td>(1,465,082</td>\n <td>)</td>\n <td>(227,378</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Operating loss</td>\n <td>(242,832</td>\n <td>)</td>\n <td>(352,136</td>\n <td>)</td>\n <td>(320,465</td>\n <td>)</td>\n <td>(469,084</td>\n <td>)</td>\n <td>(72,800</td>\n <td>)</td>\n <td>(961,936</td>\n <td>)</td>\n <td>(1,141,685</td>\n <td>)</td>\n <td>(177,188</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Interest income</td>\n <td>24,414</td>\n <td></td>\n <td>17,746</td>\n <td></td>\n <td>18,927</td>\n <td></td>\n <td>14,668</td>\n <td></td>\n <td>2,276</td>\n <td></td>\n <td>55,446</td>\n <td></td>\n <td>51,341</td>\n <td></td>\n <td>7,968</td>\n <td></td>\n </tr>\n <tr>\n <td>Interest expense</td>\n <td>(3,940</td>\n <td>)</td>\n <td>(3,866</td>\n <td>)</td>\n <td>(6,689</td>\n <td>)</td>\n <td>(14,277</td>\n <td>)</td>\n <td>(2,216</td>\n <td>)</td>\n <td>(7,615</td>\n <td>)</td>\n <td>(24,832</td>\n <td>)</td>\n <td>(3,854</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Foreign exchange gain (loss)</td>\n <td>117,714</td>\n <td></td>\n <td>(48,375</td>\n <td>)</td>\n <td>71,277</td>\n <td></td>\n <td>(32,443</td>\n <td>)</td>\n <td>(5,035</td>\n <td>)</td>\n <td>74,687</td>\n <td></td>\n <td>(9,541</td>\n <td>)</td>\n <td>(1,481</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Other gain</td>\n <td>2,825</td>\n <td></td>\n <td>5,782</td>\n <td></td>\n <td>15,357</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>3,023</td>\n <td></td>\n <td>21,139</td>\n <td></td>\n <td>3,281</td>\n <td></td>\n </tr>\n <tr>\n <td>Other income (expense), net</td>\n <td>515</td>\n <td></td>\n <td>1,926</td>\n <td></td>\n <td>4,464</td>\n <td></td>\n <td>(596</td>\n <td>)</td>\n <td>(92</td>\n <td>)</td>\n <td>(9,086</td>\n <td>)</td>\n <td>5,794</td>\n <td></td>\n <td>899</td>\n <td></td>\n </tr>\n <tr>\n <td>Loss before income taxes</td>\n <td>(101,304</td>\n <td>)</td>\n <td>(378,923</td>\n <td>)</td>\n <td>(217,129</td>\n <td>)</td>\n <td>(501,732</td>\n <td>)</td>\n <td>(77,867</td>\n <td>)</td>\n <td>(845,481</td>\n <td>)</td>\n <td>(1,097,784</td>\n <td>)</td>\n <td>(170,375</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Income tax expense</td>\n <td>(4,033</td>\n <td>)</td>\n <td>(3,286</td>\n <td>)</td>\n <td>(3,469</td>\n <td>)</td>\n <td>(5,004</td>\n <td>)</td>\n <td>(777</td>\n <td>)</td>\n <td>(11,559</td>\n <td>)</td>\n <td>(11,759</td>\n <td>)</td>\n <td>(1,825</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Net loss</td>\n <td>(105,337</td>\n <td>)</td>\n <td>(382,209</td>\n <td>)</td>\n <td>(220,598</td>\n <td>)</td>\n <td>(506,736</td>\n <td>)</td>\n <td>(78,644</td>\n <td>)</td>\n <td>(857,040</td>\n <td>)</td>\n <td>(1,109,543</td>\n <td>)</td>\n <td>(172,200</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Less: net income (loss) attributable to noncontrolling interests</td>\n <td>196</td>\n <td></td>\n <td>255</td>\n <td></td>\n <td>(244</td>\n <td>)</td>\n <td>1,232</td>\n <td></td>\n <td>191</td>\n <td></td>\n <td>7</td>\n <td></td>\n <td>1,243</td>\n <td></td>\n <td>193</td>\n <td></td>\n </tr>\n <tr>\n <td>Net loss attributable to Kingsoft Cloud Holdings Limited</td>\n <td>(105,533</td>\n <td>)</td>\n <td>(382,464</td>\n <td>)</td>\n <td>(220,354</td>\n <td>)</td>\n <td>(507,968</td>\n <td>)</td>\n <td>(78,835</td>\n <td>)</td>\n <td>(857,047</td>\n <td>)</td>\n <td>(1,110,786</td>\n <td>)</td>\n <td>(172,393</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Accretion to redemption value of redeemable convertible preferred shares</td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>(19,768</td>\n <td>)</td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n </tr>\n <tr>\n <td>Net loss attributable to ordinary shareholders</td>\n <td>(105,533</td>\n <td>)</td>\n <td>(382,464</td>\n <td>)</td>\n <td>(220,354</td>\n <td>)</td>\n <td>(507,968</td>\n <td>)</td>\n <td>(78,835</td>\n <td>)</td>\n <td>(876,815</td>\n <td>)</td>\n <td>(1,110,786</td>\n <td>)</td>\n <td>(172,393</td>\n <td>)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Net loss per share:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Basic and diluted</td>\n <td>(0.03</td>\n <td>)</td>\n <td>(0.11</td>\n <td>)</td>\n <td>(0.07</td>\n <td>)</td>\n <td>(0.15</td>\n <td>)</td>\n <td>(0.02</td>\n <td>)</td>\n <td>(0.42</td>\n <td>)</td>\n <td>(0.33</td>\n <td>)</td>\n <td>(0.05</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Shares used in the net loss per share computation:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Basic and diluted</td>\n <td>3,153,524,558</td>\n <td></td>\n <td>3,343,336,997</td>\n <td></td>\n <td>3,351,178,745</td>\n <td></td>\n <td>3,437,397,527</td>\n <td></td>\n <td>3,437,397,527</td>\n <td></td>\n <td>2,098,997,211</td>\n <td></td>\n <td>3,377,952,450</td>\n <td></td>\n <td>3,377,952,450</td>\n <td></td>\n </tr>\n <tr>\n <td>Other comprehensive (loss) income, net of tax of nil:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Foreign currency translation adjustments</td>\n <td>(277,166</td>\n <td>)</td>\n <td>70,773</td>\n <td></td>\n <td>(132,888</td>\n <td>)</td>\n <td>41,673</td>\n <td></td>\n <td>6,468</td>\n <td></td>\n <td>(225,134</td>\n <td>)</td>\n <td>(20,442</td>\n <td>)</td>\n <td>(3,173</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Comprehensive loss</td>\n <td>(382,503</td>\n <td>)</td>\n <td>(311,436</td>\n <td>)</td>\n <td>(353,486</td>\n <td>)</td>\n <td>(465,063</td>\n <td>)</td>\n <td>(72,176</td>\n <td>)</td>\n <td>(1,082,174</td>\n <td>)</td>\n <td>(1,129,985</td>\n <td>)</td>\n <td>(175,373</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td>\n <td>196</td>\n <td></td>\n <td>255</td>\n <td></td>\n <td>(244</td>\n <td>)</td>\n <td>1,232</td>\n <td></td>\n <td>191</td>\n <td></td>\n <td>7</td>\n <td></td>\n <td>1,243</td>\n <td></td>\n <td>193</td>\n <td></td>\n </tr>\n <tr>\n <td>Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders</td>\n <td>(382,699</td>\n <td>)</td>\n <td>(311,691</td>\n <td>)</td>\n <td>(353,242</td>\n <td>)</td>\n <td>(466,295</td>\n <td>)</td>\n <td>(72,367</td>\n <td>)</td>\n <td>(1,082,181</td>\n <td>)</td>\n <td>(1,131,228</td>\n <td>)</td>\n <td>(175,566</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Accretion to redemption value of redeemable convertible preferred shares</td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>(19,768</td>\n <td>)</td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n </tr>\n <tr>\n <td>Comprehensive loss attributable to ordinary shareholders</td>\n <td>(382,699</td>\n <td>)</td>\n <td>(311,691</td>\n <td>)</td>\n <td>(353,242</td>\n <td>)</td>\n <td>(466,295</td>\n <td>)</td>\n <td>(72,367</td>\n <td>)</td>\n <td>(1,101,949</td>\n <td>)</td>\n <td>(1,131,228</td>\n <td>)</td>\n <td>(175,566</td>\n <td>)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n <tr>\n <td colspan=\"8\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"8\">RECONCILIATION OF GAAP AND NON-GAAP RESULTS</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"8\">(All amounts in thousands, except for percentage)</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"5\">Three Months Ended</td>\n <td colspan=\"3\">Nine Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>March 31,</td>\n <td>2021</td>\n <td>Jun 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n </tr>\n <tr>\n <td></td>\n <td>RMB</td>\n <td>RMB</td>\n <td>RMB</td>\n <td>RMB</td>\n <td>US$</td>\n <td>RMB</td>\n <td>RMB</td>\n <td>US$</td>\n </tr>\n <tr>\n <td>Gross profit</td>\n <td>112,898</td>\n <td>116,503</td>\n <td>118,482</td>\n <td>88,412</td>\n <td>13,722</td>\n <td>264,413</td>\n <td>323,397</td>\n <td>50,190</td>\n </tr>\n <tr>\n <td>Adjustments:</td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td>– Share-based compensation expenses</td>\n <td>1,858</td>\n <td>5,499</td>\n <td>2,961</td>\n <td>3,741</td>\n <td>581</td>\n <td>8,293</td>\n <td>12,201</td>\n <td>1,894</td>\n </tr>\n <tr>\n <td>Adjusted gross profit</td>\n <td>114,756</td>\n <td>122,002</td>\n <td>121,443</td>\n <td>92,153</td>\n <td>14,303</td>\n <td>272,706</td>\n <td>335,598</td>\n <td>52,084</td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n <tr>\n <td colspan=\"6\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"6\">RECONCILIATION OF GAAP AND NON-GAAP RESULTS</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"6\">(All amounts in thousands, except for percentage)</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"3\">Three Months Ended</td>\n <td></td>\n <td colspan=\"2\">Nine Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>March 31,</td>\n <td>2021</td>\n <td>Jun 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>Sep 30,</td>\n <td>2021</td>\n </tr>\n <tr>\n <td>Gross margin</td>\n <td>6.5%</td>\n <td>6.4%</td>\n <td>5.5%</td>\n <td>3.7%</td>\n <td>5.7%</td>\n <td>5.1%</td>\n </tr>\n <tr>\n <td>Adjusted gross margin</td>\n <td>6.6%</td>\n <td>6.7%</td>\n <td>5.6%</td>\n <td>3.8%</td>\n <td>5.9%</td>\n <td>5.2%</td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n <tr>\n <td colspan=\"15\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td colspan=\"15\">RECONCILIATION OF GAAP AND NON-GAAP RESULTS</td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td colspan=\"15\">(All amounts in thousands, except for percentage)</td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"10\">Three Months Ended</td>\n <td colspan=\"6\">Nine Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2020</td>\n <td colspan=\"2\">March 31,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Jun 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2020</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">US$</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">US$</td>\n </tr>\n <tr>\n <td>Net Loss</td>\n <td>(105,337</td>\n <td>)</td>\n <td>(382,209</td>\n <td>)</td>\n <td>(220,598</td>\n <td>)</td>\n <td>(506,736</td>\n <td>)</td>\n <td>(78,644</td>\n <td>)</td>\n <td>(857,040</td>\n <td>)</td>\n <td>(1,109,543</td>\n <td>)</td>\n <td>(172,200</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Adjustments:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>– Share-based compensation expenses</td>\n <td>57,339</td>\n <td></td>\n <td>123,113</td>\n <td></td>\n <td>76,092</td>\n <td></td>\n <td>110,006</td>\n <td></td>\n <td>17,073</td>\n <td></td>\n <td>275,571</td>\n <td></td>\n <td>309,211</td>\n <td></td>\n <td>47,989</td>\n <td></td>\n </tr>\n <tr>\n <td>– Foreign exchange (gain) loss</td>\n <td>(117,714</td>\n <td>)</td>\n <td>48,375</td>\n <td></td>\n <td>(71,277</td>\n <td>)</td>\n <td>32,443</td>\n <td></td>\n <td>5,035</td>\n <td></td>\n <td>(74,687</td>\n <td>)</td>\n <td>9,541</td>\n <td></td>\n <td>1,481</td>\n <td></td>\n </tr>\n <tr>\n <td>– Other gain</td>\n <td>(2,825</td>\n <td>)</td>\n <td>(5,782</td>\n <td>)</td>\n <td>(15,357</td>\n <td>)</td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>(3,023</td>\n <td>)</td>\n <td>(21,139</td>\n <td>)</td>\n <td>(3,281</td>\n <td>)</td>\n </tr>\n <tr>\n <td>– Other (income) expense, net</td>\n <td>(515</td>\n <td>)</td>\n <td>(1,926</td>\n <td>)</td>\n <td>(4,464</td>\n <td>)</td>\n <td>596</td>\n <td></td>\n <td>92</td>\n <td></td>\n <td>9,086</td>\n <td></td>\n <td>(5,794</td>\n <td>)</td>\n <td>(899</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Adjusted net loss</td>\n <td>(169,052</td>\n <td>)</td>\n <td>(218,429</td>\n <td>)</td>\n <td>(235,604</td>\n <td>)</td>\n <td>(363,691</td>\n <td>)</td>\n <td>(56,444</td>\n <td>)</td>\n <td>(650,093</td>\n <td>)</td>\n <td>(817,724</td>\n <td>)</td>\n <td>(126,910</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Adjustments:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>– Interest income</td>\n <td>(24,414</td>\n <td>)</td>\n <td>(17,746</td>\n <td>)</td>\n <td>(18,927</td>\n <td>)</td>\n <td>(14,668</td>\n <td>)</td>\n <td>(2,276</td>\n <td>)</td>\n <td>(55,446</td>\n <td>)</td>\n <td>(51,341</td>\n <td>)</td>\n <td>(7,968</td>\n <td>)</td>\n </tr>\n <tr>\n <td>– Interest expense</td>\n <td>3,940</td>\n <td></td>\n <td>3,866</td>\n <td></td>\n <td>6,689</td>\n <td></td>\n <td>14,277</td>\n <td></td>\n <td>2,216</td>\n <td></td>\n <td>7,615</td>\n <td></td>\n <td>24,832</td>\n <td></td>\n <td>3,854</td>\n <td></td>\n </tr>\n <tr>\n <td>– Income tax expense</td>\n <td>4,033</td>\n <td></td>\n <td>3,286</td>\n <td></td>\n <td>3,469</td>\n <td></td>\n <td>5,004</td>\n <td></td>\n <td>777</td>\n <td></td>\n <td>11,559</td>\n <td></td>\n <td>11,759</td>\n <td></td>\n <td>1,825</td>\n <td></td>\n </tr>\n <tr>\n <td>– Depreciation and amortization</td>\n <td>159,199</td>\n <td></td>\n <td>180,466</td>\n <td></td>\n <td>189,123</td>\n <td></td>\n <td>218,450</td>\n <td></td>\n <td>33,903</td>\n <td></td>\n <td>584,788</td>\n <td></td>\n <td>588,039</td>\n <td></td>\n <td>91,262</td>\n <td></td>\n </tr>\n <tr>\n <td>Adjusted EBITDA</td>\n <td>(26,294</td>\n <td>)</td>\n <td>(48,557</td>\n <td>)</td>\n <td>(55,250</td>\n <td>)</td>\n <td>(140,628</td>\n <td>)</td>\n <td>(21,824</td>\n <td>)</td>\n <td>(101,577</td>\n <td>)</td>\n <td>(244,435</td>\n <td>)</td>\n <td>(37,937</td>\n <td>)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n <tr>\n <td colspan=\"6\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"6\">RECONCILIATION OF GAAP AND NON-GAAP RESULTS</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"6\">(All amounts in thousands, except for percentage)</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"4\">Three Months Ended</td>\n <td colspan=\"2\">Nine Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>March 31,</td>\n <td>2021</td>\n <td>Jun 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>Sep 30,</td>\n <td>2021</td>\n </tr>\n <tr>\n <td>Net loss margin</td>\n <td>(6.1%)</td>\n <td>(21.1%)</td>\n <td>(10.1%)</td>\n <td>(21.0%)</td>\n <td>(18.4%)</td>\n <td>(17.3%)</td>\n </tr>\n <tr>\n <td>Adjusted net loss margin</td>\n <td>(9.8%)</td>\n <td>(12.0%)</td>\n <td>(10.8%)</td>\n <td>(15.1%)</td>\n <td>(14.0%)</td>\n <td>(12.8%)</td>\n </tr>\n <tr>\n <td>Adjusted EBITDA margin</td>\n <td>(1.5%)</td>\n <td>(2.7%)</td>\n <td>(2.5%)</td>\n <td>(5.8%)</td>\n <td>(2.2%)</td>\n <td>(3.8%)</td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n <tr>\n <td colspan=\"5\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n </tr>\n <tr>\n <td colspan=\"5\">UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS</td>\n </tr>\n <tr>\n <td colspan=\"5\">(All amounts in thousands)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"4\">Three Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2020</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">RMB</td>\n <td>RMB</td>\n <td>US$</td>\n </tr>\n <tr>\n <td>Net cash (used in) generated from operating activities</td>\n <td>(103,510</td>\n <td>)</td>\n <td>13,926</td>\n <td>2,161</td>\n </tr>\n <tr>\n <td>Net cash (used in) generated from investing activities</td>\n <td>(1,037,103</td>\n <td>)</td>\n <td>99,442</td>\n <td>15,433</td>\n </tr>\n <tr>\n <td>Net cash generated from financing activities</td>\n <td>1,770,098</td>\n <td></td>\n <td>526,164</td>\n <td>81,659</td>\n </tr>\n <tr>\n <td>Effect of exchange rate changes on cash, cash equivalents and restricted cash</td>\n <td>(73,469</td>\n <td>)</td>\n <td>616</td>\n <td>96</td>\n </tr>\n <tr>\n <td>Net increase in cash, cash equivalents and restricted cash</td>\n <td>629,485</td>\n <td></td>\n <td>639,532</td>\n <td>99,253</td>\n </tr>\n <tr>\n <td>Cash, cash equivalents and restricted cash at beginning of period</td>\n <td>3,310,487</td>\n <td></td>\n <td>2,954,619</td>\n <td>458,550</td>\n </tr>\n <tr>\n <td>Cash, cash equivalents and restricted cash at end of period</td>\n <td>3,866,503</td>\n <td></td>\n <td>3,594,767</td>\n <td>557,899</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td></td>\n <td></td>\n </tr>\n </tbody>\n</table>","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</title>\n<style 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margin: 0;line-height: 11px;}\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\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1016364462\">\n\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\">\nGlobeNewswire \n2021-11-24 19:25\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\nBEIJING, 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, <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.”\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 &amp; 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<ul>\n <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>\n <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>\n</ul>\n<ul>\n <li>Other revenues were RMB0.9 million (US$0.1 million).</li>\n <li></li>\n</ul>\n_______________\n1 This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) 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.&nbsp;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&nbsp;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<table>\n <tbody>\n <tr>\n <td colspan=\"7\"></td>\n </tr>\n <tr>\n <td colspan=\"7\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n </tr>\n <tr>\n <td colspan=\"7\">UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</td>\n </tr>\n <tr>\n <td colspan=\"7\">(All amounts in thousands)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">Dec 31,</td>\n <td colspan=\"2\">2020</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">US$</td>\n </tr>\n <tr>\n <td>ASSETS</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Current assets:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Cash and cash equivalents</td>\n <td>3,424,674</td>\n <td></td>\n <td>3,444,174</td>\n <td></td>\n <td>534,527</td>\n <td></td>\n </tr>\n <tr>\n <td>Restricted cash</td>\n <td>—</td>\n <td></td>\n <td>150,593</td>\n <td></td>\n <td>23,372</td>\n <td></td>\n </tr>\n <tr>\n <td>Accounts receivable, net</td>\n <td>2,334,871</td>\n <td></td>\n <td>4,431,060</td>\n <td></td>\n <td>687,690</td>\n <td></td>\n </tr>\n <tr>\n <td>Short-term investments</td>\n <td>2,693,019</td>\n <td></td>\n <td>2,550,488</td>\n <td></td>\n <td>395,830</td>\n <td></td>\n </tr>\n <tr>\n <td>Prepayments and other assets</td>\n <td>887,086</td>\n <td></td>\n <td>1,127,668</td>\n <td></td>\n <td>175,011</td>\n <td></td>\n </tr>\n <tr>\n <td>Amounts due from related parties</td>\n <td>205,068</td>\n <td></td>\n <td>270,572</td>\n <td></td>\n <td>41,992</td>\n <td></td>\n </tr>\n <tr>\n <td>Total current assets</td>\n <td>9,544,718</td>\n <td></td>\n <td>11,974,555</td>\n <td></td>\n <td>1,858,422</td>\n <td></td>\n </tr>\n <tr>\n <td>Non-current assets:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Property and equipment, net</td>\n <td>1,956,790</td>\n <td></td>\n <td>2,058,794</td>\n <td></td>\n <td>319,520</td>\n <td></td>\n </tr>\n <tr>\n <td>Intangible assets, net</td>\n <td>16,573</td>\n <td></td>\n <td>1,252,198</td>\n <td></td>\n <td>194,338</td>\n <td></td>\n </tr>\n <tr>\n <td>Prepayments and other assets</td>\n <td>11,824</td>\n <td></td>\n <td>49,291</td>\n <td></td>\n <td>7,650</td>\n <td></td>\n </tr>\n <tr>\n <td>Equity investments</td>\n <td>126,583</td>\n <td></td>\n <td>88,757</td>\n <td></td>\n <td>13,775</td>\n <td></td>\n </tr>\n <tr>\n <td>Goodwill</td>\n <td>-</td>\n <td></td>\n <td>4,402,568</td>\n <td></td>\n <td>683,268</td>\n <td></td>\n </tr>\n <tr>\n <td>Amounts due from related parties</td>\n <td>5,758</td>\n <td></td>\n <td>5,758</td>\n <td></td>\n <td>894</td>\n <td></td>\n </tr>\n <tr>\n <td>Operating lease right-of-use assets</td>\n <td>266,968</td>\n <td></td>\n <td>257,153</td>\n <td></td>\n <td>39,910</td>\n <td></td>\n </tr>\n <tr>\n <td>Deferred tax assets</td>\n <td>—</td>\n <td></td>\n <td>16,515</td>\n <td></td>\n <td>2,563</td>\n <td></td>\n </tr>\n <tr>\n <td>Total non-current assets</td>\n <td>2,384,496</td>\n <td></td>\n <td>8,131,034</td>\n <td></td>\n <td>1,261,918</td>\n <td></td>\n </tr>\n <tr>\n <td>Total assets</td>\n <td>11,929,214</td>\n <td></td>\n <td>20,105,589</td>\n <td></td>\n <td>3,120,340</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>LIABILITIES AND SHAREHOLDERS’ EQUITY</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Current liabilities:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Short-term bank loans</td>\n <td>278,488</td>\n <td></td>\n <td>901,455</td>\n <td></td>\n <td>139,904</td>\n <td></td>\n </tr>\n <tr>\n <td>Accounts payable</td>\n <td>2,057,355</td>\n <td></td>\n <td>3,151,825</td>\n <td></td>\n <td>489,156</td>\n <td></td>\n </tr>\n <tr>\n <td>Accrued expenses and other current liabilities</td>\n <td>845,374</td>\n <td></td>\n <td>1,458,523</td>\n <td></td>\n <td>226,359</td>\n <td></td>\n </tr>\n <tr>\n <td>Long-term bank loan, current portion</td>\n <td>74,351.00</td>\n <td></td>\n <td>—</td>\n <td></td>\n <td>—</td>\n <td></td>\n </tr>\n <tr>\n <td>Income tax payable</td>\n <td>20,564</td>\n <td></td>\n <td>79,673</td>\n <td></td>\n <td>12,365</td>\n <td></td>\n </tr>\n <tr>\n <td>Amounts due to related parties</td>\n <td>112,998</td>\n <td></td>\n <td>263,930</td>\n <td></td>\n <td>40,961</td>\n <td></td>\n </tr>\n <tr>\n <td>Current operating lease liabilities</td>\n <td>76,469</td>\n <td></td>\n <td>74,638</td>\n <td></td>\n <td>11,584</td>\n <td></td>\n </tr>\n <tr>\n <td>Total current liabilities</td>\n <td>3,465,599</td>\n <td></td>\n <td>5,930,044</td>\n <td></td>\n <td>920,329</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Non-current liabilities:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Deferred tax liabilities</td>\n <td>29</td>\n <td></td>\n <td>251,081</td>\n <td></td>\n <td>38,967</td>\n <td></td>\n </tr>\n <tr>\n <td>Amounts due to related parties</td>\n <td>—</td>\n <td></td>\n <td>425,762</td>\n <td></td>\n <td>66,077</td>\n <td></td>\n </tr>\n <tr>\n <td>Other liabilities</td>\n <td>40,578</td>\n <td></td>\n <td>1,256,123</td>\n <td></td>\n <td>194,947</td>\n <td></td>\n </tr>\n <tr>\n <td>Non-current operating lease liabilities</td>\n <td>182,958</td>\n <td></td>\n <td>181,622</td>\n <td></td>\n <td>28,187</td>\n <td></td>\n </tr>\n <tr>\n <td>Total non-current liabilities</td>\n <td>223,565</td>\n <td></td>\n <td>2,114,588</td>\n <td></td>\n <td>328,178</td>\n <td></td>\n </tr>\n <tr>\n <td>Total liabilities</td>\n <td>3,689,164</td>\n <td></td>\n <td>8,044,632</td>\n <td></td>\n <td>1,248,507</td>\n <td></td>\n </tr>\n <tr>\n <td>Shareholders’ equity:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Ordinary shares</td>\n <td>22,801</td>\n <td></td>\n <td>24,645</td>\n <td></td>\n <td>3,825</td>\n <td></td>\n </tr>\n <tr>\n <td>Additional paid-in capital</td>\n <td>14,149,984</td>\n <td></td>\n <td>18,112,182</td>\n <td></td>\n <td>2,810,968</td>\n <td></td>\n </tr>\n <tr>\n <td>Accumulated deficit</td>\n <td>(5,864,356</td>\n <td>)</td>\n <td>(6,980,829</td>\n <td>)</td>\n <td>(1,083,408</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Accumulated other comprehensive loss</td>\n <td>(68,440</td>\n <td>)</td>\n <td>(88,882</td>\n <td>)</td>\n <td>(13,794</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Total Kingsoft Cloud Holdings Limited shareholders’ equity</td>\n <td>8,239,989</td>\n <td></td>\n <td>11,067,116</td>\n <td></td>\n <td>1,717,591</td>\n <td></td>\n </tr>\n <tr>\n <td>Noncontrolling interests</td>\n <td>61</td>\n <td></td>\n <td>993,841</td>\n <td></td>\n <td>154,242</td>\n <td></td>\n </tr>\n <tr>\n <td>Total equity</td>\n <td>8,240,050</td>\n <td></td>\n <td>12,060,957</td>\n <td></td>\n <td>1,871,833</td>\n <td></td>\n </tr>\n <tr>\n <td>Total liabilities and shareholders’ equity</td>\n <td>11,929,214</td>\n <td></td>\n <td>20,105,589</td>\n <td></td>\n <td>3,120,340</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n </tbody>\n</table>\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<table>\n <tbody>\n <tr>\n <td colspan=\"17\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n </tr>\n <tr>\n <td colspan=\"17\">UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS</td>\n </tr>\n <tr>\n <td colspan=\"17\">(All amounts in thousands, except for share and per share data)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"8\">Three Months Ended</td>\n <td colspan=\"2\"></td>\n <td colspan=\"6\">Nine Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2020</td>\n <td colspan=\"2\">March 31,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Jun 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2020</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">US$</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">US$</td>\n </tr>\n <tr>\n <td>Revenues:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Public cloud services</td>\n <td>1,309,693</td>\n <td></td>\n <td>1,391,833</td>\n <td></td>\n <td>1,550,777</td>\n <td></td>\n <td>1,685,999</td>\n <td></td>\n <td>261,663</td>\n <td></td>\n <td>3,805,346</td>\n <td></td>\n <td>4,628,609</td>\n <td></td>\n <td>718,349</td>\n <td></td>\n </tr>\n <tr>\n <td>Enterprise cloud services</td>\n <td>409,101</td>\n <td></td>\n <td>420,032</td>\n <td></td>\n <td>622,145</td>\n <td></td>\n <td>726,865</td>\n <td></td>\n <td>112,808</td>\n <td></td>\n <td>836,769</td>\n <td></td>\n <td>1,769,042</td>\n <td></td>\n <td>274,551</td>\n <td></td>\n </tr>\n <tr>\n <td>Others</td>\n <td>10,049</td>\n <td></td>\n <td>1,667</td>\n <td></td>\n <td>765</td>\n <td></td>\n <td>971</td>\n <td></td>\n <td>151</td>\n <td></td>\n <td>12,446</td>\n <td></td>\n <td>3,403</td>\n <td></td>\n <td>528</td>\n <td></td>\n </tr>\n <tr>\n <td>Total revenues</td>\n <td>1,728,843</td>\n <td></td>\n <td>1,813,532</td>\n <td></td>\n <td>2,173,687</td>\n <td></td>\n <td>2,413,835</td>\n <td></td>\n <td>374,622</td>\n <td></td>\n <td>4,654,561</td>\n <td></td>\n <td>6,401,054</td>\n <td></td>\n <td>993,428</td>\n <td></td>\n </tr>\n <tr>\n <td>Cost of revenues</td>\n <td>(1,615,945</td>\n <td>)</td>\n <td>(1,697,029</td>\n <td>)</td>\n <td>(2,055,205</td>\n <td>)</td>\n <td>(2,325,423</td>\n <td>)</td>\n <td>(360,900</td>\n <td>)</td>\n <td>(4,390,148</td>\n <td>)</td>\n <td>(6,077,657</td>\n <td>)</td>\n <td>(943,238</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Gross profit </td>\n <td>112,898</td>\n <td></td>\n <td>116,503</td>\n <td></td>\n <td>118,482</td>\n <td></td>\n <td>88,412</td>\n <td></td>\n <td>13,722</td>\n <td></td>\n <td>264,413</td>\n <td></td>\n <td>323,397</td>\n <td></td>\n <td>50,190</td>\n <td></td>\n </tr>\n <tr>\n <td>Operating expenses:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Selling and marketing expenses</td>\n <td>(96,802</td>\n <td>)</td>\n <td>(112,826</td>\n <td>)</td>\n <td>(96,058</td>\n <td>)</td>\n <td>(132,202</td>\n <td>)</td>\n <td>(20,517</td>\n <td>)</td>\n <td>(294,545</td>\n <td>)</td>\n <td>(341,086</td>\n <td>)</td>\n <td>(52,936</td>\n <td>)</td>\n </tr>\n <tr>\n <td>General and administrative expenses</td>\n <td>(91,338</td>\n <td>)</td>\n <td>(91,177</td>\n <td>)</td>\n <td>(110,637</td>\n <td>)</td>\n <td>(156,573</td>\n <td>)</td>\n <td>(24,300</td>\n <td>)</td>\n <td>(337,736</td>\n <td>)</td>\n <td>(358,387</td>\n <td>)</td>\n <td>(55,621</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Research and development expenses</td>\n <td>(167,590</td>\n <td>)</td>\n <td>(264,636</td>\n <td>)</td>\n <td>(232,252</td>\n <td>)</td>\n <td>(268,721</td>\n <td>)</td>\n <td>(41,705</td>\n <td>)</td>\n <td>(594,068</td>\n <td>)</td>\n <td>(765,609</td>\n <td>)</td>\n <td>(118,821</td>\n <td>)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Total operating expenses</td>\n <td>(355,730</td>\n <td>)</td>\n <td>(468,639</td>\n <td>)</td>\n <td>(438,947</td>\n <td>)</td>\n <td>(557,496</td>\n <td>)</td>\n <td>(86,522</td>\n <td>)</td>\n <td>(1,226,349</td>\n <td>)</td>\n <td>(1,465,082</td>\n <td>)</td>\n <td>(227,378</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Operating loss</td>\n <td>(242,832</td>\n <td>)</td>\n <td>(352,136</td>\n <td>)</td>\n <td>(320,465</td>\n <td>)</td>\n <td>(469,084</td>\n <td>)</td>\n <td>(72,800</td>\n <td>)</td>\n <td>(961,936</td>\n <td>)</td>\n <td>(1,141,685</td>\n <td>)</td>\n <td>(177,188</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Interest income</td>\n <td>24,414</td>\n <td></td>\n <td>17,746</td>\n <td></td>\n <td>18,927</td>\n <td></td>\n <td>14,668</td>\n <td></td>\n <td>2,276</td>\n <td></td>\n <td>55,446</td>\n <td></td>\n <td>51,341</td>\n <td></td>\n <td>7,968</td>\n <td></td>\n </tr>\n <tr>\n <td>Interest expense</td>\n <td>(3,940</td>\n <td>)</td>\n <td>(3,866</td>\n <td>)</td>\n <td>(6,689</td>\n <td>)</td>\n <td>(14,277</td>\n <td>)</td>\n <td>(2,216</td>\n <td>)</td>\n <td>(7,615</td>\n <td>)</td>\n <td>(24,832</td>\n <td>)</td>\n <td>(3,854</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Foreign exchange gain (loss)</td>\n <td>117,714</td>\n <td></td>\n <td>(48,375</td>\n <td>)</td>\n <td>71,277</td>\n <td></td>\n <td>(32,443</td>\n <td>)</td>\n <td>(5,035</td>\n <td>)</td>\n <td>74,687</td>\n <td></td>\n <td>(9,541</td>\n <td>)</td>\n <td>(1,481</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Other gain</td>\n <td>2,825</td>\n <td></td>\n <td>5,782</td>\n <td></td>\n <td>15,357</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>3,023</td>\n <td></td>\n <td>21,139</td>\n <td></td>\n <td>3,281</td>\n <td></td>\n </tr>\n <tr>\n <td>Other income (expense), net</td>\n <td>515</td>\n <td></td>\n <td>1,926</td>\n <td></td>\n <td>4,464</td>\n <td></td>\n <td>(596</td>\n <td>)</td>\n <td>(92</td>\n <td>)</td>\n <td>(9,086</td>\n <td>)</td>\n <td>5,794</td>\n <td></td>\n <td>899</td>\n <td></td>\n </tr>\n <tr>\n <td>Loss before income taxes</td>\n <td>(101,304</td>\n <td>)</td>\n <td>(378,923</td>\n <td>)</td>\n <td>(217,129</td>\n <td>)</td>\n <td>(501,732</td>\n <td>)</td>\n <td>(77,867</td>\n <td>)</td>\n <td>(845,481</td>\n <td>)</td>\n <td>(1,097,784</td>\n <td>)</td>\n <td>(170,375</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Income tax expense</td>\n <td>(4,033</td>\n <td>)</td>\n <td>(3,286</td>\n <td>)</td>\n <td>(3,469</td>\n <td>)</td>\n <td>(5,004</td>\n <td>)</td>\n <td>(777</td>\n <td>)</td>\n <td>(11,559</td>\n <td>)</td>\n <td>(11,759</td>\n <td>)</td>\n <td>(1,825</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Net loss</td>\n <td>(105,337</td>\n <td>)</td>\n <td>(382,209</td>\n <td>)</td>\n <td>(220,598</td>\n <td>)</td>\n <td>(506,736</td>\n <td>)</td>\n <td>(78,644</td>\n <td>)</td>\n <td>(857,040</td>\n <td>)</td>\n <td>(1,109,543</td>\n <td>)</td>\n <td>(172,200</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Less: net income (loss) attributable to noncontrolling interests</td>\n <td>196</td>\n <td></td>\n <td>255</td>\n <td></td>\n <td>(244</td>\n <td>)</td>\n <td>1,232</td>\n <td></td>\n <td>191</td>\n <td></td>\n <td>7</td>\n <td></td>\n <td>1,243</td>\n <td></td>\n <td>193</td>\n <td></td>\n </tr>\n <tr>\n <td>Net loss attributable to Kingsoft Cloud Holdings Limited</td>\n <td>(105,533</td>\n <td>)</td>\n <td>(382,464</td>\n <td>)</td>\n <td>(220,354</td>\n <td>)</td>\n <td>(507,968</td>\n <td>)</td>\n <td>(78,835</td>\n <td>)</td>\n <td>(857,047</td>\n <td>)</td>\n <td>(1,110,786</td>\n <td>)</td>\n <td>(172,393</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Accretion to redemption value of redeemable convertible preferred shares</td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>(19,768</td>\n <td>)</td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n </tr>\n <tr>\n <td>Net loss attributable to ordinary shareholders</td>\n <td>(105,533</td>\n <td>)</td>\n <td>(382,464</td>\n <td>)</td>\n <td>(220,354</td>\n <td>)</td>\n <td>(507,968</td>\n <td>)</td>\n <td>(78,835</td>\n <td>)</td>\n <td>(876,815</td>\n <td>)</td>\n <td>(1,110,786</td>\n <td>)</td>\n <td>(172,393</td>\n <td>)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Net loss per share:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Basic and diluted</td>\n <td>(0.03</td>\n <td>)</td>\n <td>(0.11</td>\n <td>)</td>\n <td>(0.07</td>\n <td>)</td>\n <td>(0.15</td>\n <td>)</td>\n <td>(0.02</td>\n <td>)</td>\n <td>(0.42</td>\n <td>)</td>\n <td>(0.33</td>\n <td>)</td>\n <td>(0.05</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Shares used in the net loss per share computation:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Basic and diluted</td>\n <td>3,153,524,558</td>\n <td></td>\n <td>3,343,336,997</td>\n <td></td>\n <td>3,351,178,745</td>\n <td></td>\n <td>3,437,397,527</td>\n <td></td>\n <td>3,437,397,527</td>\n <td></td>\n <td>2,098,997,211</td>\n <td></td>\n <td>3,377,952,450</td>\n <td></td>\n <td>3,377,952,450</td>\n <td></td>\n </tr>\n <tr>\n <td>Other comprehensive (loss) income, net of tax of nil:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>Foreign currency translation adjustments</td>\n <td>(277,166</td>\n <td>)</td>\n <td>70,773</td>\n <td></td>\n <td>(132,888</td>\n <td>)</td>\n <td>41,673</td>\n <td></td>\n <td>6,468</td>\n <td></td>\n <td>(225,134</td>\n <td>)</td>\n <td>(20,442</td>\n <td>)</td>\n <td>(3,173</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Comprehensive loss</td>\n <td>(382,503</td>\n <td>)</td>\n <td>(311,436</td>\n <td>)</td>\n <td>(353,486</td>\n <td>)</td>\n <td>(465,063</td>\n <td>)</td>\n <td>(72,176</td>\n <td>)</td>\n <td>(1,082,174</td>\n <td>)</td>\n <td>(1,129,985</td>\n <td>)</td>\n <td>(175,373</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Less: Comprehensive income (loss) attributable to noncontrolling interests</td>\n <td>196</td>\n <td></td>\n <td>255</td>\n <td></td>\n <td>(244</td>\n <td>)</td>\n <td>1,232</td>\n <td></td>\n <td>191</td>\n <td></td>\n <td>7</td>\n <td></td>\n <td>1,243</td>\n <td></td>\n <td>193</td>\n <td></td>\n </tr>\n <tr>\n <td>Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders</td>\n <td>(382,699</td>\n <td>)</td>\n <td>(311,691</td>\n <td>)</td>\n <td>(353,242</td>\n <td>)</td>\n <td>(466,295</td>\n <td>)</td>\n <td>(72,367</td>\n <td>)</td>\n <td>(1,082,181</td>\n <td>)</td>\n <td>(1,131,228</td>\n <td>)</td>\n <td>(175,566</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Accretion to redemption value of redeemable convertible preferred shares</td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>(19,768</td>\n <td>)</td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n </tr>\n <tr>\n <td>Comprehensive loss attributable to ordinary shareholders</td>\n <td>(382,699</td>\n <td>)</td>\n <td>(311,691</td>\n <td>)</td>\n <td>(353,242</td>\n <td>)</td>\n <td>(466,295</td>\n <td>)</td>\n <td>(72,367</td>\n <td>)</td>\n <td>(1,101,949</td>\n <td>)</td>\n <td>(1,131,228</td>\n <td>)</td>\n <td>(175,566</td>\n <td>)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n <tr>\n <td colspan=\"8\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"8\">RECONCILIATION OF GAAP AND NON-GAAP RESULTS</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"8\">(All amounts in thousands, except for percentage)</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"5\">Three Months Ended</td>\n <td colspan=\"3\">Nine Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>March 31,</td>\n <td>2021</td>\n <td>Jun 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n </tr>\n <tr>\n <td></td>\n <td>RMB</td>\n <td>RMB</td>\n <td>RMB</td>\n <td>RMB</td>\n <td>US$</td>\n <td>RMB</td>\n <td>RMB</td>\n <td>US$</td>\n </tr>\n <tr>\n <td>Gross profit</td>\n <td>112,898</td>\n <td>116,503</td>\n <td>118,482</td>\n <td>88,412</td>\n <td>13,722</td>\n <td>264,413</td>\n <td>323,397</td>\n <td>50,190</td>\n </tr>\n <tr>\n <td>Adjustments:</td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td>– Share-based compensation expenses</td>\n <td>1,858</td>\n <td>5,499</td>\n <td>2,961</td>\n <td>3,741</td>\n <td>581</td>\n <td>8,293</td>\n <td>12,201</td>\n <td>1,894</td>\n </tr>\n <tr>\n <td>Adjusted gross profit</td>\n <td>114,756</td>\n <td>122,002</td>\n <td>121,443</td>\n <td>92,153</td>\n <td>14,303</td>\n <td>272,706</td>\n <td>335,598</td>\n <td>52,084</td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n <tr>\n <td colspan=\"6\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"6\">RECONCILIATION OF GAAP AND NON-GAAP RESULTS</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"6\">(All amounts in thousands, except for percentage)</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"3\">Three Months Ended</td>\n <td></td>\n <td colspan=\"2\">Nine Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>March 31,</td>\n <td>2021</td>\n <td>Jun 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>Sep 30,</td>\n <td>2021</td>\n </tr>\n <tr>\n <td>Gross margin</td>\n <td>6.5%</td>\n <td>6.4%</td>\n <td>5.5%</td>\n <td>3.7%</td>\n <td>5.7%</td>\n <td>5.1%</td>\n </tr>\n <tr>\n <td>Adjusted gross margin</td>\n <td>6.6%</td>\n <td>6.7%</td>\n <td>5.6%</td>\n <td>3.8%</td>\n <td>5.9%</td>\n <td>5.2%</td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n <tr>\n <td colspan=\"15\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td colspan=\"15\">RECONCILIATION OF GAAP AND NON-GAAP RESULTS</td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td colspan=\"15\">(All amounts in thousands, except for percentage)</td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"10\">Three Months Ended</td>\n <td colspan=\"6\">Nine Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2020</td>\n <td colspan=\"2\">March 31,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Jun 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2020</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2021</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">US$</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">RMB</td>\n <td colspan=\"2\">US$</td>\n </tr>\n <tr>\n <td>Net Loss</td>\n <td>(105,337</td>\n <td>)</td>\n <td>(382,209</td>\n <td>)</td>\n <td>(220,598</td>\n <td>)</td>\n <td>(506,736</td>\n <td>)</td>\n <td>(78,644</td>\n <td>)</td>\n <td>(857,040</td>\n <td>)</td>\n <td>(1,109,543</td>\n <td>)</td>\n <td>(172,200</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Adjustments:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>– Share-based compensation expenses</td>\n <td>57,339</td>\n <td></td>\n <td>123,113</td>\n <td></td>\n <td>76,092</td>\n <td></td>\n <td>110,006</td>\n <td></td>\n <td>17,073</td>\n <td></td>\n <td>275,571</td>\n <td></td>\n <td>309,211</td>\n <td></td>\n <td>47,989</td>\n <td></td>\n </tr>\n <tr>\n <td>– Foreign exchange (gain) loss</td>\n <td>(117,714</td>\n <td>)</td>\n <td>48,375</td>\n <td></td>\n <td>(71,277</td>\n <td>)</td>\n <td>32,443</td>\n <td></td>\n <td>5,035</td>\n <td></td>\n <td>(74,687</td>\n <td>)</td>\n <td>9,541</td>\n <td></td>\n <td>1,481</td>\n <td></td>\n </tr>\n <tr>\n <td>– Other gain</td>\n <td>(2,825</td>\n <td>)</td>\n <td>(5,782</td>\n <td>)</td>\n <td>(15,357</td>\n <td>)</td>\n <td>-</td>\n <td></td>\n <td>-</td>\n <td></td>\n <td>(3,023</td>\n <td>)</td>\n <td>(21,139</td>\n <td>)</td>\n <td>(3,281</td>\n <td>)</td>\n </tr>\n <tr>\n <td>– Other (income) expense, net</td>\n <td>(515</td>\n <td>)</td>\n <td>(1,926</td>\n <td>)</td>\n <td>(4,464</td>\n <td>)</td>\n <td>596</td>\n <td></td>\n <td>92</td>\n <td></td>\n <td>9,086</td>\n <td></td>\n <td>(5,794</td>\n <td>)</td>\n <td>(899</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Adjusted net loss</td>\n <td>(169,052</td>\n <td>)</td>\n <td>(218,429</td>\n <td>)</td>\n <td>(235,604</td>\n <td>)</td>\n <td>(363,691</td>\n <td>)</td>\n <td>(56,444</td>\n <td>)</td>\n <td>(650,093</td>\n <td>)</td>\n <td>(817,724</td>\n <td>)</td>\n <td>(126,910</td>\n <td>)</td>\n </tr>\n <tr>\n <td>Adjustments:</td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n <tr>\n <td>– Interest income</td>\n <td>(24,414</td>\n <td>)</td>\n <td>(17,746</td>\n <td>)</td>\n <td>(18,927</td>\n <td>)</td>\n <td>(14,668</td>\n <td>)</td>\n <td>(2,276</td>\n <td>)</td>\n <td>(55,446</td>\n <td>)</td>\n <td>(51,341</td>\n <td>)</td>\n <td>(7,968</td>\n <td>)</td>\n </tr>\n <tr>\n <td>– Interest expense</td>\n <td>3,940</td>\n <td></td>\n <td>3,866</td>\n <td></td>\n <td>6,689</td>\n <td></td>\n <td>14,277</td>\n <td></td>\n <td>2,216</td>\n <td></td>\n <td>7,615</td>\n <td></td>\n <td>24,832</td>\n <td></td>\n <td>3,854</td>\n <td></td>\n </tr>\n <tr>\n <td>– Income tax expense</td>\n <td>4,033</td>\n <td></td>\n <td>3,286</td>\n <td></td>\n <td>3,469</td>\n <td></td>\n <td>5,004</td>\n <td></td>\n <td>777</td>\n <td></td>\n <td>11,559</td>\n <td></td>\n <td>11,759</td>\n <td></td>\n <td>1,825</td>\n <td></td>\n </tr>\n <tr>\n <td>– Depreciation and amortization</td>\n <td>159,199</td>\n <td></td>\n <td>180,466</td>\n <td></td>\n <td>189,123</td>\n <td></td>\n <td>218,450</td>\n <td></td>\n <td>33,903</td>\n <td></td>\n <td>584,788</td>\n <td></td>\n <td>588,039</td>\n <td></td>\n <td>91,262</td>\n <td></td>\n </tr>\n <tr>\n <td>Adjusted EBITDA</td>\n <td>(26,294</td>\n <td>)</td>\n <td>(48,557</td>\n <td>)</td>\n <td>(55,250</td>\n <td>)</td>\n <td>(140,628</td>\n <td>)</td>\n <td>(21,824</td>\n <td>)</td>\n <td>(101,577</td>\n <td>)</td>\n <td>(244,435</td>\n <td>)</td>\n <td>(37,937</td>\n <td>)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n <td colspan=\"2\"></td>\n </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n <tr>\n <td colspan=\"6\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"6\">RECONCILIATION OF GAAP AND NON-GAAP RESULTS</td>\n <td></td>\n </tr>\n <tr>\n <td colspan=\"6\">(All amounts in thousands, except for percentage)</td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"4\">Three Months Ended</td>\n <td colspan=\"2\">Nine Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>March 31,</td>\n <td>2021</td>\n <td>Jun 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2020</td>\n <td>Sep 30,</td>\n <td>2021</td>\n </tr>\n <tr>\n <td>Net loss margin</td>\n <td>(6.1%)</td>\n <td>(21.1%)</td>\n <td>(10.1%)</td>\n <td>(21.0%)</td>\n <td>(18.4%)</td>\n <td>(17.3%)</td>\n </tr>\n <tr>\n <td>Adjusted net loss margin</td>\n <td>(9.8%)</td>\n <td>(12.0%)</td>\n <td>(10.8%)</td>\n <td>(15.1%)</td>\n <td>(14.0%)</td>\n <td>(12.8%)</td>\n </tr>\n <tr>\n <td>Adjusted EBITDA margin</td>\n <td>(1.5%)</td>\n <td>(2.7%)</td>\n <td>(2.5%)</td>\n <td>(5.8%)</td>\n <td>(2.2%)</td>\n <td>(3.8%)</td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n <td></td>\n </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n <tr>\n <td colspan=\"5\">KINGSOFT CLOUD HOLDINGS LIMITED</td>\n </tr>\n <tr>\n <td colspan=\"5\">UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS</td>\n </tr>\n <tr>\n <td colspan=\"5\">(All amounts in thousands)</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"4\">Three Months Ended</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">Sep 30,</td>\n <td colspan=\"2\">2020</td>\n <td>Sep 30,</td>\n <td>2021</td>\n <td>Sep 30,</td>\n <td>2021</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\">RMB</td>\n <td>RMB</td>\n <td>US$</td>\n </tr>\n <tr>\n <td>Net cash (used in) generated from operating activities</td>\n <td>(103,510</td>\n <td>)</td>\n <td>13,926</td>\n <td>2,161</td>\n </tr>\n <tr>\n <td>Net cash (used in) generated from investing activities</td>\n <td>(1,037,103</td>\n <td>)</td>\n <td>99,442</td>\n <td>15,433</td>\n </tr>\n <tr>\n <td>Net cash generated from financing activities</td>\n <td>1,770,098</td>\n <td></td>\n <td>526,164</td>\n <td>81,659</td>\n </tr>\n <tr>\n <td>Effect of exchange rate changes on cash, cash equivalents and restricted cash</td>\n <td>(73,469</td>\n <td>)</td>\n <td>616</td>\n <td>96</td>\n </tr>\n <tr>\n <td>Net increase in cash, cash equivalents and restricted cash</td>\n <td>629,485</td>\n <td></td>\n <td>639,532</td>\n <td>99,253</td>\n </tr>\n <tr>\n <td>Cash, cash equivalents and restricted cash at beginning of period</td>\n <td>3,310,487</td>\n <td></td>\n <td>2,954,619</td>\n <td>458,550</td>\n </tr>\n <tr>\n <td>Cash, cash equivalents and restricted cash at end of period</td>\n <td>3,866,503</td>\n <td></td>\n <td>3,594,767</td>\n <td>557,899</td>\n </tr>\n <tr>\n <td></td>\n <td colspan=\"2\"></td>\n <td></td>\n <td></td>\n </tr>\n </tbody>\n</table>\n\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},"isVote":1,"tweetType":1,"viewCount":1165,"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,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}