Kingsoft Cloud Holdings Limited logo

Kingsoft Cloud Holdings Limited

3896.HK

HKSETechnologySoftware - Application

Latest quote

HK$5.59

−HK$0.38 · -6.37%

Aug 24, 2:02 PM HKT

3896.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's product portfolio includes cloud products, such as infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, containers, database, big data, security, storage, and delivery solutions. It offers research and development services, as well as enterprise digital solutions and related services. The company also provides public cloud services to customers in various verticals, including video, e-commerce, intelligent mobility, artificial intelligence, and mobile internet; and enterprise cloud services to customers in financial services, public service, and healthcare businesses. Kingsoft Cloud Holdings Limited was incorporated in 2012 and is headquartered in Beijing, China.

Industry
Software - Application
Sector
Technology
Headquarters
CN
CEO
Tao Zou
Listed since
Dec 30, 2022
Employees
15,225

Market position

Day range

Current HK$5.59

52-week range

Current HK$5.59

Open
HK$5.85
Previous close
HK$5.97
Volume
42.17M
0.47× average
Average volume
90.03M
Average daily volume
Market cap
25.1B HKD
Beta
2.03
Market reference 1
50-day average
HK$5.4779
+2.05% above average
200-day average
HK$6.5674
-14.88% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.52B CNY
EV / EBITDA
3.23×
Earnings yield
-69.09%
Free cash flow yield
-69.47%

Profitability & efficiency

Return on equity
-10.04%
Return on assets
-3.50%
Return on invested capital
-3.52%

Financial health

Current ratio
1.17×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends22%2%-18%-37%Gross margin, FY2021: 3.88%Gross margin, FY2022: 5.25%Gross margin, FY2023: 12.06%Gross margin, FY2024: 17.22%Gross margin, FY2025: 15.73%Operating margin, FY2021: -20.00%Operating margin, FY2022: -27.52%Operating margin, FY2023: -29.92%Operating margin, FY2024: -22.34%Operating margin, FY2025: -8.09%Net margin, FY2021: -17.57%Net margin, FY2022: -32.50%Net margin, FY2023: -30.88%Net margin, FY2024: -25.26%Net margin, FY2025: -9.79%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 3.88%. Gross margin FY2022 5.25%. Gross margin FY2023 12.06%. Gross margin FY2024 17.22%. Gross margin FY2025 15.73%. Operating margin FY2021 -20.00%. Operating margin FY2022 -27.52%. Operating margin FY2023 -29.92%. Operating margin FY2024 -22.34%. Operating margin FY2025 -8.09%. Net margin FY2021 -17.57%. Net margin FY2022 -32.50%. Net margin FY2023 -30.88%. Net margin FY2024 -25.26%. Net margin FY2025 -9.79%.

Income trends

Revenue

9.56B CNY+22.78%

Operating income

−772.91M CNY+55.55%

Net income

−936.25M CNY+52.39%
Income trends across reported periods10.78B CNY5.89B CNY1.01B CNY−3.88B CNYRevenue, FY2021: 9.06B CNYRevenue, FY2022: 8.18B CNYRevenue, FY2023: 7.05B CNYRevenue, FY2024: 7.79B CNYRevenue, FY2025: 9.56B CNYOperating income, FY2021: −1.81B CNYOperating income, FY2022: −2.25B CNYOperating income, FY2023: −2.11B CNYOperating income, FY2024: −1.74B CNYOperating income, FY2025: −772.91M CNYNet income, FY2021: −1.59B CNYNet income, FY2022: −2.66B CNYNet income, FY2023: −2.18B CNYNet income, FY2024: −1.97B CNYNet income, FY2025: −936.25M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 9.06B CNY. Revenue FY2022 8.18B CNY. Revenue FY2023 7.05B CNY. Revenue FY2024 7.79B CNY. Revenue FY2025 9.56B CNY. Operating income FY2021 −1.81B CNY. Operating income FY2022 −2.25B CNY. Operating income FY2023 −2.11B CNY. Operating income FY2024 −1.74B CNY. Operating income FY2025 −772.91M CNY. Net income FY2021 −1.59B CNY. Net income FY2022 −2.66B CNY. Net income FY2023 −2.18B CNY. Net income FY2024 −1.97B CNY. Net income FY2025 −936.25M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue9.56B CNY7.79B CNY7.05B CNY8.18B CNY9.06B CNY
Cost of goods sold8.06B CNY6.44B CNY6.2B CNY7.75B CNY8.71B CNY
Gross profit1.5B CNY1.34B CNY850.17M CNY429.54M CNY351.29M CNY
Research and development810.3M CNY845.99M CNY784.81M CNY971.22M CNY1.04B CNY
Selling, general, and administrative1.47B CNY1.31B CNY1.02B CNY1.71B CNY1.12B CNY
Operating expenses2.28B CNY3.08B CNY2.96B CNY2.68B CNY2.16B CNY
Interest income80.86M CNY27.01M CNY78.41M CNY80.74M CNY71.94M CNY
Interest expense498.05M CNY229.71M CNY146.03M CNY137.81M CNY52.04M CNY
Depreciation and amortization2.48B CNY1.26B CNY940.48M CNY1.16B CNY855.6M CNY
Operating income−772.91M CNY−1.74B CNY−2.11B CNY−2.25B CNY−1.81B CNY
Net income−936.25M CNY−1.97B CNY−2.18B CNY−2.66B CNY−1.59B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+13.29%
11 comparable reports
Latest EPS result
-0.02
Estimate -0.06 · Beat by 58.03%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0-0.06-0.11-0.16Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 19, 2025: actual -0.004, estimate -0.052, surprise +93.06%, Beat. Q2 2025, reported May 28, 2025: actual -0.006, estimate -0.042, surprise +86.10%, Beat. Q3 2025, reported Aug 20, 2025: actual -0.123, estimate -0.076, surprise -63.16%, Miss. Q4 2025, reported Nov 19, 2025: actual -0.001, estimate -0.069, surprise +98.25%, Beat. Q1 2026, reported Mar 25, 2026: actual -0.045, estimate -0.049, surprise +7.11%, Beat. Q2 2026, reported May 27, 2026: actual -0.08, estimate -0.06, surprise -33.16%, Miss. Q3 2026, reported Aug 19, 2026: actual -0.023, estimate -0.055, surprise +58.03%, Beat. Q4 2026, reported Nov 25, 2026: actual —, estimate -0.026, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.01B3.33B2.66B1.99BQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 19, 2025: actual 2.4B HKD, estimate 2.24B HKD, surprise +7.10%, Beat. Q2 2025, reported May 28, 2025: actual 2.15B HKD, estimate 2.36B HKD, surprise -9.09%, Miss. Q3 2025, reported Aug 20, 2025: actual 2.56B HKD, estimate 2.69B HKD, surprise -4.98%, Miss. Q4 2025, reported Nov 19, 2025: actual 2.71B HKD, estimate 2.69B HKD, surprise +0.84%, Beat. Q1 2026, reported Mar 25, 2026: actual 3.13B HKD, estimate 2.99B HKD, surprise +4.54%, Beat. Q2 2026, reported May 27, 2026: actual 3.12B HKD, estimate 2.93B HKD, surprise +6.46%, Beat. Q3 2026, reported Aug 19, 2026: actual 3.57B HKD, estimate 3.51B HKD, surprise +1.79%, Beat. Q4 2026, reported Nov 25, 2026: actual —, estimate 3.85B HKD, surprise —, Comparison unavailable.

3896.HK peers

ETFs holding 3896.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research 3896.HK

research.disclaimer