Kingsoft Cloud Files Annual Report on Form 20-F for Fiscal Year 2024 and Releases 2024 Environmental, Social and Governance Report
MWN-AI** Summary
On April 15, 2025, Kingsoft Cloud Holdings Limited, a leading cloud service provider in China, filed its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the SEC. This report is available on the Company's investor relations website and includes comprehensive audited consolidated financial statements. Shareholders can request physical copies of the report via email.
Simultaneously, Kingsoft Cloud released its 2024 Environmental, Social, and Governance (ESG) Report, highlighting the Company's initiatives and progress over the past year. Key achievements include the recognition of Kingsoft's Legal team as one of the "2024 China Top 15 New Technology In-House Teams" by the Asian Legal Business and a "Most Popular Employer for Campus Recruitment" award at the 2024 Top “Smart” Employer Awards.
The Company has bolstered its talent development through several initiatives, including the Chuanyun, Lingyun, Qingyun, and Yunyi Projects, aimed at fostering a robust talent pipeline. Furthermore, Kingsoft Cloud achieved the highest maturity level in the ITSS Operation and Maintenance Standard Compliance Assessment, underscoring its strong capabilities in product offerings and operational efficiency.
Notably, the Company partnered with Xiaomi to develop a platform for sustainable development, promoting a zero-carbon philosophy intertwined with Xiaomi's smart ecosystem. Additionally, Kingsoft Cloud has made significant contributions to society, supporting over 600 children and providing funds to impoverished students, earning the "2024 Social Responsibility Contribution Award."
For more information, the full ESG Report and further details on Kingsoft Cloud’s initiatives can be accessed on their dedicated website. Kingsoft Cloud continues to position itself as a forward-thinking leader in both cloud services and corporate social responsibility, leveraging innovative technologies for a sustainable future.
MWN-AI** Analysis
Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, and released its 2024 Environmental, Social, and Governance (ESG) Report on April 15, 2025. As a leading cloud service provider in China, Kingsoft Cloud is strategically positioned within a booming industry bolstered by the increasing demand for cloud services across various sectors.
The fiscal 2024 report indicates that Kingsoft has enhanced its operational capabilities, culminating in successful assessments that underline its robust service infrastructure. The company achieved the highest level in the ITSS Operation and Maintenance Standard Compliance Assessment, showcasing its commitment to high service standards. This accomplishment, alongside its collaborations with Xiaomi to promote green initiatives, strengthens its market position by appealing to environmentally-conscious clients, pivotal for future growth.
Investors should note the importance of Kingsoft Cloud’s focus on ESG practices, demonstrated by their awards and recognitions, which indicate a strong commitment to corporate responsibility and sustainable development. The 2024 ESG Report reflects not only accomplishments in operational excellence but also a tangible impact on the community, enhancing the company's overall brand and reputation in a competitive market.
From a market perspective, Kingsoft Cloud is well-placed to benefit from ongoing digital transformation trends. Its investments in emerging technologies, coupled with a strong talent development pipeline, position it favorably against competitors. While market sentiment can vary, the strategic partnerships and commitment to sustainability may serve as catalysts for long-term price appreciation.
In conclusion, consistent growth in cloud demand, operational excellence, and a focus on ESG initiatives make Kingsoft Cloud a compelling investment option. Long-term investors looking for exposure to the rapidly growing cloud market may consider adding Kingsoft Cloud to their portfolios, keeping a close watch on quarterly performance and sector developments.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
BEIJING, April 15, 2025 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“we,” “Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (“SEC”) on April 15, 2025. The annual report can be accessed on the Company's investor relations website at http://ir.ksyun.com as well as the SEC's website at http://www.sec.gov .
The Company will provide hard copies of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to ksc-ir@kingsoft.com.
In addition, the Company has published its 2024 Environmental, Social and Governance (ESG) Report (the “ESG Report”) to provide an in-depth review of the Company’s progress in the past year in its ESG practices, including business ethics, responsible operation, talent development, green development, sustainable supply chain, and corporate responsibility.
We have improved our ESG practices, including but not limited to:
- The Company Legal team was honored as the 2024 China Top 15 New Technology In-House Teams from the Asian Legal Business (ALB) of Thomson Reuters.
- We make comprehensive efforts to strengthen our talent development and talent pipeline, through a series of talents development projects, including our Chuanyun (Through-the-Cloud) Project, Lingyun (Over-the-Cloud) Project, Qingyun (Upholding-the-Cloud) Project, and Yunyi (Cloud-on-Wings) Project. The company won the “2024 Most Popular Employer for Campus Recruitment” in the 2024 Top “Smart” Employer Awards hosted by CIIC’s ACMcoder.
- Kingsoft Cloud successfully passed the ITSS (Information Technology Service Standards) Operation and Maintenance Standard Compliance Assessment with a maturity of Level 1, the highest level in the assessment system. This accomplishment highlights the Company’s comprehensive capabilities, including robust product portfolios, industry-specific solutions, advanced core technology R&D, secure and efficient operational frameworks, and proven practical implementations across government and financial sectors.
- Empowered by cloud and AI technologies, Kingsoft Cloud partners with Xiaomi to create a platform for green and sustainable development. This platform horizontally covers the Xiaomi’s “Human x Car x Home” smart ecosystem. Kingsoft Cloud will join hands with Xiaomi to implement Xiaomi’s zero-carbon philosophy and jointly create a better low-carbon future.
- We donated to support more than 600 left-behind children/de facto orphans with learning and living supplies, and donated an additional 100,000 RMB to cover the annual living expenses of 51 impoverished students/de facto orphans. This initiative was awarded the “2024 Social Responsibility Contribution Award” by the Internet Society of China under the Ministry of Industry and Information Technology (MIIT).
To learn more about Kingsoft Cloud’s ESG efforts and to view the full ESG Report, please visit https://ir.ksyun.com/esg .
About Kingsoft Cloud Holdings Limited
Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) is a leading cloud service provider in China. With extensive cloud infrastructure, cutting-edge cloud-native products based on vigorous cloud technology research and development capabilities, well-architected industry-specific solutions and end-to-end fulfillment and deployment, Kingsoft Cloud offers comprehensive, reliable and trusted cloud service to customers in strategically selected verticals.
For more information, please visit: http://ir.ksyun.com .
For investor and media inquiries, please contact:
Kingsoft Cloud Holdings Limited
Nicole Shan
Tel: +86 (10) 6292-7777 Ext. 6300
Email: ksc-ir@kingsoft.com
FAQ**
What specific financial metrics does Kingsoft Cloud Holdings Limited (KC) highlight in its Form 20-F annual report for the fiscal year ended December 32024?
How does Kingsoft Cloud Holdings Limited (KC) measure the success of its various talent development projects mentioned in the recent ESG Report?
Can you elaborate on the strategic initiatives Kingsoft Cloud Holdings Limited (KC) is undertaking to enhance its ESG practices, especially in partnership with Xiaomi for sustainable development?
What actions is Kingsoft Cloud Holdings Limited (KC) planning to take to further improve its operational compliance and maintain its Level 1 maturity in ITSS assessments?
**MWN-AI FAQ is based on asking OpenAI questions about Kingsoft Cloud Holdings Limited (NASDAQ: KC).
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