Movement Alert｜Kingsoft Cloud Falls 5.12% in Regular Trading, Q1 Loss Widens Amid Heavy Capex and Sector Weakness

Market Focus06-03 10:13

On June 3, Kingsoft Cloud fell 5.12% in regular trading, trading at 6.81 HKD/share, with trading volume of 190 million HKD.

On the earnings front, Kingsoft Cloud reported a Q1 net loss of 343.8 million yuan, widening from 313.9 million yuan a year earlier, an 8.7% increase. While revenue rose 37.2% year-over-year to 2.704 billion yuan, gross margin declined sharply to 12.8% from 16.2% in the prior-year period, a drop of over 4 percentage points driven by accelerated depreciation of servers and network equipment tied to its AI computing business. Capital expenditure reached 3 billion yuan in the quarter, depleting cash reserves from 6.018 billion to 4.904 billion yuan.

Additionally, the Internet Services and Infrastructure sector faced broad-based selling pressure. Among sector peers, GDS-SW fell 2.77%, SUNEVISION fell 3.9%, NEXION TECH fell 5.13%, and CRYPTO FLOW fell 3.88%, amplifying the downward move through sector linkage effects.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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