On June 22, Kingsoft Cloud fell 5.52% in regular trading, trading at 4.92 HKD/share, with turnover of HKD 128 million. The decline was primarily driven by overnight weakness in the company's US-listed ADR and broad-based selling across the Internet Services and Infrastructure sector.
Sector peers declined in tandem, with GDS-SW down 5.45%, Crypto Flow down 2.78%, and Sunevision down 2.5%, amplifying the sell-off through linkage effects. On the fundamental side, Kingsoft Cloud's Q1 net loss widened to RMB 344 million, while adjusted gross margin compressed from 17.1% to 13.0% quarter-over-quarter, reflecting ongoing depreciation cost pressure from aggressive AI infrastructure expansion.
The company previously announced a 15%-50% price increase for AI computing-related products and services effective July 12, following an industry-wide repricing trend. However, the near-term profit improvement from these price adjustments remains unverified, leaving sentiment subdued as the market awaits evidence of margin recovery.
(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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