Kingsoft Cloud Holdings Limited Announces Annual Report for 2024
Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) has made a significant announcement regarding its annual report on Form 20-F, demonstrating a solid fiscal performance for the year ended December 31, 2024. As a leading cloud service provider in the region, Kingsoft Cloud showcases its commitment to transparency and excellence in its operations.
Accessing the Annual Report
The company has officially filed its annual report with the Securities and Exchange Commission, providing stakeholders with in-depth insights into its financial health and operational strategies. Interested shareholders and ADS holders can obtain free hard copies that contain audited consolidated financial statements by making a request via email at ksc-ir@kingsoft.com.
Comprehensive ESG Report Released
Alongside its annual financial report, Kingsoft Cloud has also published its 2024 Environmental, Social and Governance (ESG) Report. This document reflects their continuous efforts in addressing key social and ethical responsibilities, offering a detailed overview of initiatives focused on business ethics, sustainable practices, and corporate responsibility.
Enhancing Employee Development and Corporate Ethics
This past year, Kingsoft Cloud made notable advancements in its internal operations and employee development strategies, fostering a culture of learning and innovation.
Recognitions and Achievements
The company’s legal team received recognition as a top legal group within China, reflecting their compliance and dedication to operational excellence. In addition, Kingsoft Cloud has been proactive in developing talent through various unique initiatives such as the Chuanyun, Lingyun, Qingyun, and Yunyi projects, aimed at enhancing employee skills and career progression.
Technical Achievements and Standards Compliance
In the realm of technical standards, Kingsoft Cloud successfully passed the ITSS Compliance Assessment, achieving the highest level of maturity. This accomplishment speaks to their robust service offerings and innovative capabilities across sectors like finance and technology.
Collaboration on Sustainability Initiatives
Embracing cutting-edge cloud and AI technologies, Kingsoft Cloud has partnered with major industry player Xiaomi to promote a sustainable platform that supports the latter's zero-carbon goals. This strategic collaboration aims to foster a greener ecosystem in the technology domain, sharing a commitment to a low-carbon future.
Community Contributions and Social Responsibility
Kingsoft Cloud has also made significant contributions to local communities, focusing specifically on support for underprivileged children. By providing essential supplies and financial assistance to those in need, the company has made a tangible impact on individual lives. These efforts have not gone unnoticed, as they received the 2024 Social Responsibility Contribution Award from the Internet Society of China.
About Kingsoft Cloud
Founded with the vision of cloud integration and service excellence, Kingsoft Cloud Holdings Limited remains a trailblazer within the sector. Their commitment to R&D and customer-centric solutions solidifies their reputation as a trusted provider, equipped to serve a wide array of clients across various industries.
Frequently Asked Questions
What is the significance of the 2024 annual report filed by Kingsoft Cloud?
The 2024 annual report provides stakeholders with essential insights into the company's financial performance, governance practices, and operational developments, ensuring transparency and accountability.
How can shareholders access the annual report?
Shareholders may request hard copies of the annual report directly from the company through email at ksc-ir@kingsoft.com.
What initiatives are highlighted in the ESG report?
The ESG report outlines Kingsoft Cloud's efforts in business ethics, sustainable operations, talent development, and community engagement initiatives that reflect their corporate responsibility.
How did Kingsoft Cloud support community initiatives in 2024?
Kingsoft Cloud contributed to the well-being of more than 600 children and provided financial support to others, showcasing their dedication to social responsibility.
What technological achievements has Kingsoft Cloud accomplished?
The company has secured compliance with ITSS standards, emphasizing its technical capabilities and commitment to service quality.
