On August 24, KINGSOFT CLOUD fell 5.19% in regular trading, trading at HKD 5.65/share, with turnover of HKD 69.81 million. The stock had surged over 11% following its Q2 earnings release on August 19 but subsequently faced profit-taking pressure as market focus shifted to profitability concerns.

Despite record quarterly revenue of RMB 3.07 billion (up 30.8% YoY) and AI cloud billing revenue growing 82% YoY, the company reported a first-half attributable net loss of RMB 437 million, with cumulative losses reaching RMB 15.685 billion. Gross margin declined 1.1 percentage points YoY to 14.1%, while depreciation and amortization surged 86% YoY to RMB 1.86 billion, eroding profitability gains from revenue growth. The gap between top-line momentum and bottom-line delivery continues to suppress valuation.

Sector-wide weakness also contributed to the decline, with peer GDS-SW falling 5.28% on the same day, reflecting broader pressure across internet infrastructure stocks.

(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.)