On August 20, KINGSOFT CLOUD rose 9.61% in regular trading, trading at 6.17 HKD/share, with turnover of 2.3 billion HKD. The surge followed the company's Q2 earnings release after market hours on August 19, which significantly beat profitability expectations.

KINGSOFT CLOUD reported Q2 total revenue of RMB 3.072 billion, up 30.8% year-over-year and 13.6% sequentially, marking a record single-quarter high. AI cloud billing revenue reached RMB 1.33 billion, surging 82% YoY and now accounting for 56% of public cloud revenue. Notably, the company recorded its first positive operating profit under GAAP, with adjusted operating margin improving to 4.0% from -7.1% a year earlier. Adjusted EBITDA grew 155% YoY, while net loss narrowed 79.6% to RMB 93 million. Public cloud revenue rose 45.1% to RMB 2.358 billion, driven by demand from internet, autonomous driving, embodied intelligence, and AI for Science clients. The company's US-listed shares had already gained approximately 12% post-earnings, with Hong Kong shares opening higher to reflect the same catalyst.

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