On October 16, KINGSOFT CLOUD rose 6.3% in regular trading, trading at HK$4.705, with turnover of HK$59.2444 million.
The move was supported by improving fundamentals disclosed earlier and continued bullish expectations from brokers for faster revenue growth in the second half and a path toward breakeven in later years.
Earlier disclosures showed first-half revenue of RMB5.776 billion, up 33.7% year over year, while adjusted net loss narrowed 39.5% to RMB297 million. Operating cash flow increased 225% to about RMB3.385 billion. Public cloud revenue rose 46.2% to RMB4.354 billion, while industry cloud revenue grew 6.1% to RMB1.422 billion. Recent broker views also pointed to stronger AI cloud and MaaS-related momentum, with some expecting the company to turn profitable in 2027.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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