Press Release: Kingsoft Cloud Announces Unaudited Third Quarter 2024 Financial Results with Accelerated Revenue Growth and Robust Expansion of Gross and EBITDA profit

Dow Jones

2024-11-19

            UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH 
                                   FLOWS 
                        (All amounts in thousands) 
                                               Three Months Ended 
                                       ----------------------------------- 
                                         Sep 30,     Sep 30,     Sep 30, 
                                           2023        2024        2024 
                                       -----------  ----------  ---------- 
                                           RMB         RMB         US$ 
Net cash generated from operating 
 activities                                20,372     228,364    32,542 
Net cash generated from (used in) 
 investing activities                     165,089    (458,621)  (65,353) 
Net cash used in financing activities  (1,263,894)   (183,390)  (26,133) 
Effect of exchange rate changes on 
 cash, cash equivalents and 
 restricted cash                          (13,026)     27,632     3,938 
Net decrease in cash, cash 
 equivalents and restricted cash       (1,091,459)   (386,015)  (55,006) 
Cash, cash equivalents and restricted 
 cash at beginning of period            3,823,087   2,096,404   298,735 
Cash, cash equivalents and restricted 
 cash at end of period                  2,731,628   1,710,389   243,729

(END) Dow Jones Newswires

November 19, 2024 06:24 ET (11:24 GMT)

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; 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\">\nPress Release: Kingsoft Cloud Announces Unaudited Third Quarter 2024 Financial Results with Accelerated Revenue Growth and Robust Expansion of Gross and EBITDA profit\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-19 19:24</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n            UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH \n                                   FLOWS \n                        (All amounts in thousands) \n                                               Three Months Ended \n                                       ----------------------------------- \n                                         Sep 30,     Sep 30,     Sep 30, \n                                           2023        2024        2024 \n                                       -----------  ----------  ---------- \n                                           RMB         RMB         US$ \nNet cash generated from operating \n activities                                20,372     228,364    32,542 \nNet cash generated from (used in) \n investing activities                     165,089    (458,621)  (65,353) \nNet cash used in financing activities  (1,263,894)   (183,390)  (26,133) \nEffect of exchange rate changes on \n cash, cash equivalents and \n restricted cash                          (13,026)     27,632     3,938 \nNet decrease in cash, cash \n equivalents and restricted cash       (1,091,459)   (386,015)  (55,006) \nCash, cash equivalents and restricted \n cash at beginning of period            3,823,087   2,096,404   298,735 \nCash, cash equivalents and restricted \n cash at end of period                  2,731,628   1,710,389   243,729 \n \n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 19, 2024 06:24 ET (11:24 GMT)\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03888","symbol_name":"金山软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484128909","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484128909","pubTimestamp":1732015440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Kingsoft Cloud Announces Unaudited Third Quarter 2024 Financial Results with Accelerated Revenue Growth and Robust Expansion of Gross and EBITDA profit. BEIJING, Nov. 19, 2024  -- Kingsoft Cloud Holdings Limited  , a leading cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2024.-- Total Revenues reached RMB1,885.6 million , increased. by 16.0% year-over-year from RMB1,625.2 million in the same quarter of. 2023. The accelerated growth of high-quality business, such as AI, has. offset the decline in the low-margin CDN business due to strategic. -- Gross profit was RMB303.4 million , representing a. significant increase of 54.6% from RMB196.2 million in the same quarter. -- Non-GAAP EBITDA2 was RMB185.4 million , compared with","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"03888":"金山软件","KC":"金山云"},"translate_title":"新闻稿：金山云公布未经审计的2024年第三季度财务业绩，收入加速增长，毛利润和EBITDA利润强劲扩张","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03888":1,"KC":0.9},"content_text":"UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH \n                                   FLOWS \n                        (All amounts in thousands) \n                                               Three Months Ended \n                                       ----------------------------------- \n                                         Sep 30,     Sep 30,     Sep 30, \n                                           2023        2024        2024 \n                                       -----------  ----------  ---------- \n                                           RMB         RMB         US$ \nNet cash generated from operating \n activities                                20,372     228,364    32,542 \nNet cash generated from (used in) \n investing activities                     165,089    (458,621)  (65,353) \nNet cash used in financing activities  (1,263,894)   (183,390)  (26,133) \nEffect of exchange rate changes on \n cash, cash equivalents and \n restricted cash                          (13,026)     27,632     3,938 \nNet decrease in cash, cash \n equivalents and restricted cash       (1,091,459)   (386,015)  (55,006) \nCash, cash equivalents and restricted \n cash at beginning of period            3,823,087   2,096,404   298,735 \nCash, cash equivalents and restricted \n cash at end of period                  2,731,628   1,710,389   243,729 \n \n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 19, 2024 06:24 ET (11:24 GMT)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}