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CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Tables)

12 Months Ended

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