Movement Alert｜Kingsoft Cloud Falls 5.09% in Regular Trading, Overnight US ADR Weakness Combined with Sector Pressure

Market Focus06-26

On June 26, Kingsoft Cloud fell 5.09% in regular trading, trading at HK$4.32/share, with turnover of HK$90.71 million, hitting a fresh record low. Overnight, the Nasdaq China Golden Dragon Index declined over 1%, while Kingsoft Cloud's US-listed ADR dropped 5.84%, dragging its Hong Kong shares lower at open.

On the fundamental side, the company's Q1 net loss widened to RMB 344 million, with adjusted gross margin declining sequentially from 17.1% to 13.0%, as depreciation cost pressure from AI infrastructure expansion continues to weigh on margins. While the company previously announced price increases of 15%-50% for AI computing-related products and services effective July 12, the near-term benefit to profitability remains unverified.

Within the Internet Services and Infrastructure sector, GDS-SW fell 7.3%, SUNEVISION fell 2.29%, and BYTE META fell 15.28%, reflecting broad-based sector weakness that amplified downward pressure on Kingsoft Cloud.

(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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