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CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Tables) | 12 Months Ended
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Dec. 31, 2023
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY |
Summary of Parent Company Balance Sheet | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at December 31
​ |  | 2022 |  | 2023 |  | 2023
​ | ​ | RMB | ​ | RMB | ​ | US$
ASSETS |  |  |  |  |  |
Current assets: |  |  |  |  |  |
Cash and cash equivalents |  | 169,743 |  | 21,752 | ​ | 3,064
Restricted cash | ​ | — | ​ | 171 | ​ | 24
Prepayments and other assets |  | 34,141 |  | 30,456 | ​ | 4,290
Amounts due from subsidiaries (other than WFOE)* |  | 4,354,380 |  | 1,834,723 | ​ | 258,415
Amounts due from WFOE | ​ | 100,000 | ​ | 100,000 | ​ | 14,085
Total current assets |  | 4,658,264 |  | 1,987,102 | ​ | 279,878
Non-current assets: |  | ​ |  | ​ | ​ | ​
Investments in subsidiaries |  | 5,518,634 |  | 6,019,179 | ​ | 847,784
Total non-current assets |  | 5,518,634 |  | 6,019,179 | ​ | 847,784
Total assets |  | 10,176,898 |  | 8,006,281 | ​ | 1,127,662
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  | ​ | ​ | ​
Current liabilities: |  |  |  | ​ | ​ | ​
Accrued expenses and other liabilities |  | 1,309,490 |  | 916,574 | ​ | 129,098
Income tax payable |  | 2,764 |  | 2,835 | ​ | 399
Amounts due to WFOE |  | 5,287 |  | 5,377 | ​ | 757
Amounts due to VIEs and VIEs’ subsidiaries | ​ | 43,987 | ​ | 38,610 | ​ | 5,437
Total current liabilities |  | 1,361,528 |  | 963,396 | ​ | 135,691
Other liabilities |  | 14,350 |  | 152,733 | ​ | 21,514
Total non-current liabilities |  | 14,350 |  | 152,733 | ​ | 21,514
Total liabilities |  | 1,375,878 |  | 1,116,129 | ​ | 157,205
Commitments and contingencies |  |  |  | ​ | ​ | ​
Shareholders’ equity: |  |  |  | ​ | ​ | ​
Ordinary shares (par value of US$0.001 per share; 40,000,000,000 and 40,000,000,000 shares authorized, 3,805,284,801 and 3,805,284,801 shares issued, 3,508,413,941 and 3,562,097,466 shares outstanding as of December 31, 2022 and 2023, respectively) | ​ | 25,062 |  | 25,443 | ​ | 3,584
Treasury shares | ​ | (208,385) | ​ | (208,385) | ​ | (29,350)
Additional paid-in capital | ​ | 18,648,205 |  | 18,811,028 | ​ | 2,649,478
Accumulated deficit | ​ | (10,116,936) |  | (12,293,276) | ​ | (1,731,473)
Accumulated other comprehensive income | ​ | 453,074 |  | 555,342 | ​ | 78,218
Total Kingsoft Cloud Holdings Limited shareholders’ equity | ​ | 8,801,020 |  | 6,890,152 | ​ | 970,457
Total liabilities and shareholders’ equity | ​ | 10,176,898 |  | 8,006,281 | ​ | 1,127,662
​
Summary of Parent Company Income Statement | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31
​ |  | 2021 |  | 2022 |  | 2023 |  | 2023
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | US$
Operating expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
General and administrative expenses | ​ | (40,913) | ​ | (148,392) |  | (36,736) | ​ | (5,175)
Total operating expenses | ​ | (40,913) | ​ | (148,392) |  | (36,736) | ​ | (5,175)
Operating loss | ​ | ​ | ​ | ​ |  | ​ | ​ | ​
Interest income | ​ | 15,224 | ​ | 12,430 |  | 3,830 | ​ | 539
Interest expense | ​ | - | ​ | - | ​ | (28,339) | ​ | (3,991)
Foreign exchange gain (loss) | ​ | 10,198 | ​ | (39,426) |  | 8,078 | ​ | 1,138
Other income, net | ​ | 9,889 | ​ | 10,372 |  | 12,683 | ​ | 1,786
Other loss, net | ​ | - | ​ | (37,764) | ​ | (14,433) | ​ | (2,033)
Share of (losses) gains of subsidiaries | ​ | (121,100) | ​ | (264,260) |  | 62,514 | ​ | 8,806
Contractual interests in VIEs and VIEs’ subsidiaries** | ​ | (1,461,042) | ​ | (2,190,364) |  | (2,183,913) | ​ | (307,598)
Loss before income taxes | ​ | (1,587,744) | ​ | (2,657,404) |  | (2,176,316) | ​ | (306,528)
Income tax expense | ​ | (968) | ​ | (780) |  | (24) | ​ | (2)
Net loss | ​ | (1,588,712) | ​ | (2,658,184) |  | (2,176,340) | ​ | (306,530)
Other comprehensive income (loss), net of tax of nil: | ​ | ​ | ​ | ​ |  | ​ | ​ | ​
Foreign currency translation adjustments | ​ | (139,442) | ​ | 660,956 |  | 102,268 | ​ | 14,404
Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders | ​ | (1,728,154) | ​ | (1,997,228) |  | (2,074,072) | ​ | (292,126)
* | Majority of amounts due from the Company’s subsidiaries were ultimately provided to the VIEs and their subsidiaries by the Company’s subsidiaries. Except for the Company’s investments in Camelot, the carrying amounts of investments in subsidiaries and the VIEs were reduced to zero by the Company’s share of contractual interests in cumulative losses as of December 31, 2022, and 2023, and the carrying amounts of “amounts due from subsidiaries” were further adjusted.
** | It represents the primary beneficiary’s share of losses generated from the VIEs and their subsidiaries.
Summary of Parent Company Cash Flow | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31
​ |  | 2021 |  | 2022 |  | 2023 |  | 2023
​ | ​ | RMB | ​ | RMB |  | RMB | ​ | US$
Net cash generated from (used in) operating activities | ​ | 1,178,019 |  | (40,310) |  | (66,851) | ​ | (9,416)
Net cash (used in) generated from investing activities |  | (1,179,393) |  | 358,010 |  | 609,277 | ​ | 85,815
Net cash used in financing activities | ​ | (815) |  | (215,923) |  | (681,660) | ​ | (96,010)
Effect of exchange rate changes on cash and cash equivalents |  | 3,570 |  | (1,427) |  | (8,586) | ​ | (1,209)
Net increase (decrease) in cash and cash equivalents |  | 1,381 |  | 100,350 |  | (147,820) | ​ | (20,820)
Cash and cash equivalents at beginning of the year |  | 68,012 |  | 69,393 |  | 169,743 | ​ | 23,908
Cash and cash equivalents at end of the year |  | 69,393 |  | 169,743 |  | 21,923 | ​ | 3,088
​

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