Organization and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Disclosure Details of Principal Subsidiaries and Variable Interest Entities

As of December 31, 2021, the Company’s principal subsidiaries, variable interest entities, and subsidiaries of its variable interest entities, are as follows:

Name

Place of

establishment

Date of

establishment/

acquisition

Percentage of

equity

interest

attributable

to the

Company

Principal activities

Subsidiaries:

Kingsoft Cloud Corporation Limited

February 1, 2012

100

Cloud services

Kingsoft Cloud

(Tianjin) Technology Development
Co., Ltd

PRC

May 30, 2019

100

Cloud services

Wuhan Kingsoft Cloud Information Technology
Co., Ltd.

PRC

December 26, 2017

100

Cloud services

Beijing Kingsoft Cloud Technology Co., Ltd.
(“Beijing Kingsoft Cloud”)*

PRC

April 9, 2012

100

Research and development

Beijing Yunxiang Zhisheng Technology Co., Ltd.
(“Yunxiang Zhisheng”)*

PRC

December 15, 2015

100

Research and development

Camelot Technology

., L

(“Beijing
Camelot”)

PRC

September 3, 2021

82.15

Enterprise digital solutions and related services 

Variable interest entities:

Zhuhai Kingsoft Cloud Technology Co., Ltd.
(“Zhuhai Kingsoft Cloud”)

PRC

November 9, 2012

Nil

Investment holding

Kingsoft Cloud (Beijing) Information Technology
Co., Ltd. (“Kingsoft Cloud Information”)

PRC

April 13, 2018

Nil

Investment holding

Variable interest entities’ subsidiaries:

Beijing Kingsoft Cloud Network Technology Co.,
Ltd. (“Beijing Kingsoft Cloud Network
Technology”)

PRC

November 9, 2012

Nil

Cloud services

Beijing Jinxun Ruibo Network Technology Co.,
Ltd. (“Beijing Jinxun Ruibo”)

PRC

December 17, 2015

Nil

Cloud services

Nanjing Qianyi Shixun Information Technology
Co., Ltd.

PRC

March 31, 2016

Nil

Cloud services

*	Collectively , the “WFOE”

Schedule of Assets Liabilities Results of Variable Interest Entities

The following table sets forth the assets, liabilities, results of operations and cash flows of the VIEs and VIEs’ subsidiaries included in the Company’s consolidated balance sheets, consolidated statements of comprehensive loss and consolidated statements of cash flows:


	As at December 31
	2020		2021		2021
	RMB		RMB		US$
ASSETS
Current assets:
Cash and cash equivalents		1,429,508		2,209,647		346,742
Restricted cash		—		89,704		14,077
Accounts receivable, net of allowance for credit losses of RMB 15,745 and RMB 30,082 (US$4,721) as of December 31, 2020 and 2021, respectively		2,258,313		3,170,860		497,577
Prepayments and other assets		630,121		907,350		142,383
Amounts due from related parties		204,275		184,137		28,895
Amounts due from subsidiaries of the Group		1,631,592		2,157,428		338,547

Total current assets		6,153,809		8,719,126		1,368,221

Non-current assets:
Property and equipment, net		1,727,620		2,157,093		338,495
Intangible assets, net		14,980		93,662		14,698
Prepayments and other assets		9,978		27,036		4,243
Goodwill		—		64,082		10,056
Equity investments		86,251		162,244		25,460
Amounts due from related parties		4,712		4,712		739
Operating lease right-of-use assets		210,338		184,908		29,016

Total non-current assets		2,053,879		2,693,737		422,707

Total assets		8,207,688		11,412,863		1,790,928

Current liabilities
Accounts payable		2,013,428		2,733,487		428,944
Accrued expenses and other liabilities		521,307		1,208,868		189,698
Short-term bank loans		278,488		1,348,166		211,557
Long-term bank loan, current portion		74,351		—		—
Income tax payable		45		1,026		161
Amounts due to related parties		56,795		797,731		125,181
Current operating lease liabilities		56,261		70,672		11,090
Amounts due to subsidiaries of the Group		903,879		1,597,946		250,753

Total current liabilities		3,904,554		7,757,896		1,217,384

Non-current liabilities
Deferred tax liabilities		29		—		—
Other liabilities		7,020		6,975		1,095
Non-current operating lease liabilities		146,012		121,057		18,996
Amounts due to related parties		—		472,882		74,206
Amounts due to subsidiaries of the Group		7,367,267		7,486,525		1,174,799

Total non-current liabilities		7,520,328		8,087,439		1,269,096

Total liabilities		11,424,882		15,845,335		2,486,480

Schedule of Operations and Cash Flows Results of Variable Interest Entities


	For the year ended December 31
	2019			2020			2021			2021
	RMB			RMB			RMB			US$
Revenues		3,882,352			6,377,158			7,972,143			1,251,003
Net loss		(970,344	)		(922,908	)		(1,556,904	)		(244,312	)
Net cash used in operating activities		(785,378	)		(833,479	)		(958,748	)		(150,448	)
Net cash used in investing activities		(836,981	)		(1,471,637	)		(843,586	)		(132,377	)
Net cash generated from financing activities		1,618,102			2,802,088			2,612,563			409,968