Overview

* Kingsoft Cloud ( KC ) Q3 rev grows 31.4% yr/yr, driven by AI customer expansion

* Adjusted net profit turns positive at RMB28.7 mln, marking first profitable quarter

* Strategic collaboration with Xiaomi-Kingsoft ecosystem boosts revenue by 83.8% yr/yr

Outlook

* Company did not provide specific guidance for future quarters or full year in press release

Result Drivers

* AI DEMAND - Revenue from public cloud services surged 49.1% yr/yr, driven by increased AI demand

* XIAOMI-KINGSOFT ECOSYSTEM - Strategic collaboration with Xiaomi-Kingsoft ecosystem boosted revenue by 83.8% yr/yr

* COST CONTROL - Improved cost management and non-recurring income contributed to profitability turnaround

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Gross RMB

Profit 380.90

mln

Q3 RMB

Operatin 526.17

g mln

Expenses

Q3 -RMB

Operatin 145.28

g Income mln

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy."

* Wall Street's median 12-month price target for Kingsoft Cloud Holdings Ltd ( KC ) is HK$9.20, about 35.3% above its November 19 closing price of HK$5.95

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)