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RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2023

RELATED PARTY TRANSACTIONS

Schedule of related Parties and nature of relationship

a)	Related Parties


Name of principal related parties		Relationship with the Group
Kingsoft Corporation Limited and its subsidiaries (other than all of entities of the Group) (“Kingsoft Group”)		Principal shareholder of the Company

Xiaomi Corporation and its subsidiaries (“Xiaomi Group”)		Entity controlled by a director of the Company

Schedule of related party transactions

b)	The Group had the following related party transactions:


		For the year ended December 31
		2021		2022		2023		2023
		RMB		RMB		RMB		US$
Revenues:
Public cloud services provided to Xiaomi Group		749,597		804,647		763,338		107,514
Public cloud services provided to Kingsoft Group		156,158		187,907		217,333		30,611
Public cloud services provided to other related parties		—		50,629		378		53
Enterprise cloud services provided to Xiaomi Group		22,857		74,590		104,967		14,784
Enterprise cloud services provided to Kingsoft Group		838		10,892		18,690		2,632
Enterprise cloud services provided to other related parties		—		—		2,200		310
Other services provided to Kingsoft Group		74		—		—		—
Other services provided to other related parties		—		—		436		61
		929,524		1,128,665		1,107,342		155,965
Purchase of devices from Xiaomi Group		1,349		144		91		13
Interest expense on loans due to Xiaomi Group		16,633		48,707		39,703		5,592
Interest expense on a loan due to Kingsoft Group		4,088		18,364		958		135
Rental of building from Xiaomi Group*		56,452		48,766		39,713		5,593
Rental of office space, and administrative services from Kingsoft Group		13,321		13,931		9,167		1,291
		91,843		129,912		89,632		12,624

*

The Group entered into agreements to lease building and office space from Xiaomi Group. As of December 31, 2022 and 2023, the related operating lease right-of-use assets amounted to RMB167,697 and RMB115,622 (US$16,285) and operating lease liabilities amounted to RMB224,346 and RMB132,146 (US$18,612), respectively.

Schedule of related party balances

c)	The Group had the following related party balances at the end of the year:


		As at December 31
		2022		2023		2023
		RMB		RMB		US$
Amounts due from related parties:
Trade related:
Xiaomi Group		200,577		189,027		26,623
Kingsoft Group		34,550		61,901		8,719
Other related parties*		6,268		71,372		10,053

Non-trade related:
Kingsoft Group		10,868		—		—
		252,263		322,300		45,395
Amounts due to related parties:
Trade related:
Kingsoft Group		14,069		5,824		820
Xiaomi Group		44,245		26,520		3,735
Other related parties		—		7,055		994

Non-trade related:
Kingsoft Group**		29,284		529,284		74,548
Xiaomi Group**		753,593		403,292		56,803
		841,191		971,975		136,900

*	Amount as of December 31, 2023 included RMB51,778 (US$7,293) of prepayments to an equity method investee for electronic equipment.

**Amounts included related party loans as disclosed in Note 13.