Operations
Q1 2026
Q1 Revenue
↑ 37.3% YoY
¥2.70B
Segments
Public Cloud Services
73.8%
Enterprise Cloud Services
26.2%
Key Earnings Driver
AI Business Public Cloud Services revenue increased 47.5% year over year to RMB1.9963B, with AI Business gross billing increasing 90% and accounting for more than half of Public Cloud Services revenue for the first time. Enterprise Cloud Services revenue increased 14.7% to RMB707.4M, but declined 17.6% sequentially, mainly due to the Chinese New Year impact and differentiated delivery schedules for various projects.
Key Operating Metrics¹
METRIC
STATUS
Public Cloud Services↑ 47.5%
AI Business
🟢 Scaling
Enterprise Cloud Services↑ 14.7%
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Kingsoft Cloud website and/or SEC filings for Q1, with status based on reported data.