On June 3, Kingsoft Cloud fell 5.12% in regular trading, trading at 6.81 HKD/share, with trading volume of 190 million HKD.

On the earnings front, Kingsoft Cloud reported a Q1 net loss of 343.8 million yuan, widening from 313.9 million yuan a year earlier, an 8.7% increase. While revenue rose 37.2% year-over-year to 2.704 billion yuan, gross margin declined sharply to 12.8% from 16.2% in the prior-year period, a drop of over 4 percentage points driven by accelerated depreciation of servers and network equipment tied to its AI computing business. Capital expenditure reached 3 billion yuan in the quarter, depleting cash reserves from 6.018 billion to 4.904 billion yuan.

Additionally, the Internet Services and Infrastructure sector faced broad-based selling pressure. Among sector peers, GDS-SW fell 2.77%, SUNEVISION fell 3.9%, NEXION TECH fell 5.13%, and CRYPTO FLOW fell 3.88%, amplifying the downward move through sector linkage effects.

(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.)