On June 8, Kingsoft Cloud fell 6% in regular trading, trading at 5.96 HKD/share, with trading volume of 144 million HKD, extending its recent correction trend.

On the news front, the company's Q1 earnings report revealed widening losses, with net loss expanding to 344 million yuan, up 8.7% year-over-year. Adjusted gross margin dropped sharply from 17.1% in the prior quarter to 13.0%, primarily due to depreciation costs from AI computing cloud expansion surging 116.4% year-over-year. Despite revenue growing 37.2% to 2.704 billion yuan, single-quarter capital expenditure reached 3 billion yuan while cash reserves declined from 6.018 billion yuan to 4.904 billion yuan, raising market concerns over profitability and cash flow sustainability.

Within the Internet Services and Infrastructure sector, the overall sector weakened notably. Among individual stocks, GDS-SW down 5.61%, SUNEVISION down 4.21%, CLOUD FACTORY up 0.33%, CRYPTO FLOW up 2.44%, NEXION TECH flat. The sector linkage effect intensified selling pressure on Kingsoft Cloud.

(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.)