Kingsoft Cloud (03896) surged over 4% following its earnings release. At the time of writing, the stock was up 4.2% to HK$6.20, with a turnover of HK$14.81 million.
On November 19, Kingsoft Cloud announced its Q3 2025 financial results, reporting total revenue of RMB2.478 billion, up 31.4% year-over-year and 5.5% quarter-over-quarter. Gross profit reached approximately RMB381 million, a 25.6% YoY increase. Net loss narrowed significantly by 99.26% YoY to RMB7.847 million, while non-GAAP net profit turned positive at RMB28.7 million, marking its first profitable quarter under this metric.
The company attributed the revenue growth to increased contributions from AI-related clients, driven by continuous upgrades in AI infrastructure and products.
CEO Zou Tao stated, "This quarter, we achieved accelerated revenue growth and improved profitability, with both adjusted operating profit and adjusted net profit turning positive. We have rapidly expanded our public cloud’s intelligent computing capabilities while strategically deepening AI integration across industry-specific cloud solutions. Additionally, our collaboration with the Xiaomi-Kingsoft ecosystem continues to strengthen, with revenue from this ecosystem surging 83.8% YoY to RMB691 million. We are optimistic about AI’s rapid adoption within our ecosystem and diverse verticals, which presents substantial AI-driven growth opportunities."
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