Kingsoft Cloud Shares Open Over 3% Higher Post-Earnings, Q4 Revenue Reaches Record High of 2.76 Billion Yuan

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Kingsoft Cloud (03896) opened more than 3% higher after earnings release. As of the time of writing, the stock is up 2.65%, trading at HKD 7.75, with a turnover of HKD 110.2 million.

Kingsoft Cloud released its Q4 2025 financial report. During the quarter, the company demonstrated strong growth driven by intelligent computing cloud, with core business showing resilient growth. The financial report shows that Kingsoft Cloud’s Q4 revenue reached RMB 2.76 billion, a new record high, up 23.7% year-over-year. Among them, intelligent computing cloud billing revenue was RMB 930 million, up 95% year-over-year, accounting for 49% of public cloud revenue.

During the quarter, Kingsoft Cloud’s public cloud revenue reached RMB 1.90 billion, a significant increase of 34.9% year-over-year; industry cloud revenue was RMB 860 million, a substantial increase of 18.4% quarter-over-quarter; adjusted gross profit margin was 17.1%, adjusted operating profit margin was 2.0%, with an adjusted operating profit of RMB 54.586 million, achieving profitability again, with continuous improvement and validation of profitability.

(Author: Wang Zhiqiang HF013)

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