According to the Zhitong Finance APP, Kingsoft Cloud (03896) has risen more than 4%, and as of the time of publication, it has increased by 3.9%, to HKD 1.6, with a turnover of HKD 18.8984 million.

On the news front, Kingsoft Cloud launched the ninth-generation cloud server high-efficiency type SE9 based on the Intel Xeon 6 Energy Efficiency Core Processor. Compared with the online main model, SE9's single-core performance improved by 30%, cost-effective improved more than 60%, and the maximum package specification supports 256 cores and 512G of memory capacity. In terms of storage capacity, it is equipped with the high-speed cloud disk ESSD, which can support a single-disk throughput of up to 1GB/s and 120,000 IOPS, and the access latency is reduced to 0.2ms.

In addition, Kingsoft Cloud's 1Q24 financial report announced at the end of May showed that the gross margin for the period was 16.5%, up 6.1pcts/1.8pcts year-on-year/month-on-month, achieving steady and continuous improvement for seven consecutive quarters, hitting a new historical high. Everbright Securities recently pointed out that looking forward to the whole year of 2024, AI will become an important engine driving the growth of public cloud business. The company actively seize the opportunity of AI development and is expected to steadily increase the gross margin of the company to 17% in 2024, and the adjusted EBITDA rate is expected to reach 4%.