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1、Kingsoft Cloud Announces Unaudited Second Quarter 2024 Financial Results08/20/2024BEIJING,Aug.20,2024(GLOBE NEWSWIRE)-Kingsoft Cloud Holdings Limited(“Kingsoft Cloud”or the“Company”)(NASDAQ:KC and HKEX:3896),a leading independent cloud service provider in China,today announced its unaudited financia
2、l results for the second quarter ended June 30,2024.Mr.Tao Zou,Chief Executive Officer of Kingsoft Cloud,commented,“We are pleased to record another strong quarter with advances in revenueexpansion,margin improvements and operating cash net inflow.Our high-quality and sustainable development strateg
3、y continued to bear fruits.During the past quarter,embracing AI opportunities,we have recorded AI revenue of RMB326 million,approximately 26%of revenues from publiccloud services,doubling from 13%last quarter.We have also been enhancing our AI capabilities,successfully deploying AI solutions to ente
4、rprisesand organizations to improve our customers data management performances.”Mr.Henry He,Chief Financial Officer of Kingsoft Cloud,added,“We are pleased to achieve growth in both revenue and profits.This quarter our totalrevenues returned to year-over-year growth track,arriving at RMB1,891.8 mill
5、ion,increased by 3.1%year-over-year and 6.5%quarter-over-quarter.This quarter our adjusted gross margin was 17.1%,significantly increased by 5.8 percentage points from 11.3%in the same quarter of 2023.Adjustedgross profit was RMB323.4 million,increased by 56.4%from RMB206.8 million in the same quart
6、er of 2023.Adjusted EBITDA turned to profit lastquarter and steadily increased to RMB60.6 million,significantly improving from negative RMB61.4 million in the same quarter of 2023.This quarter wehave recorded net inflow of operating cash at RMB151.2 million,compared with RMB65.2 million in the same