Kingsoft Cloud Holdings Limited

Good day and thank you for standing by. Welcome to the Kingsoft Cloud second quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To answer your question, Please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Nicole Shan. Please go ahead.

Thank you, operator. Hello, everyone, and thank you for joining us today. KingsoftCloud's second quarter 2025 earnings release was distributed earlier today and is available on our IR website at ir.ksyun.com, as well as PR Newswire's delivery. On the call today from KingsoftCloud, we have our Vice Chairman and CEO, Mr. Zhou Tao, and the CFO, Ms. Li Yi. Ms. Zhou will review our business strategies, operations, and other company highlights, followed by Ms. Lee, who will discuss the financial performance. They will be available to answer your question during the Q&A session that follows. There will be consecutive interpretations. Our interpretations are for your convenience and reference purpose only. In case of any discrepancy, management statement in the original language will prevail. Before we begin, I'd like to remind you that this conference call contains forward-looking statements within the meaning of Section 21E of the Security Exchange Act of 1936. as amended and as defined in the U.S. Private Security Litigation Reform Act of 1995. These forward-looking statements are based upon management's current expectations and current market and operating conditions and relate to U.N. standing well-known or unknown risks, uncertainties, and other factors of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results, performance, or achievements to differ maturely from those in the forward-looking statements. Further information regarding this and other risks and certainly all factors are included in the company's filing with the U.S. SEC. The company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise as required under the applicable law. Finally, please note that unless otherwise stated, all financial figures mentioned during this conference call are denominated in RMB. It is now my pleasure to introduce our Vice Chairman and the CEO, Mr. Zhou.

Please go ahead. Thank you. Hello, everyone. Welcome to the 2nd quarter of Jinshan Yun in 2025. I'm Jinshan Yun, the CEO, Zhou Tao. Over the past three years, Jinshan Yun has firmly implemented a high-quality, sustainable strategy that embraces AI in a comprehensive way. The company's business is fundamentally changing. We have not only achieved a double gain in revenue and revenue, but we have also completely upgraded the AIS and PaaS cloud service capabilities around the generation of AI. This quarter, Our business growth and sustainability have been shown again. AI computing business maintains rapid growth, drives the basic cloud to increase demand, and increases income. First of all, our second quarter income reached 23.5 billion yuan. The same growth was increased by 11% in the previous quarter to 24%. The public cloud and industry cloud all achieved the same growth. Among them, the public cloud increased by 32%. with a revenue of 16.3 billion RMB. Second, the A.I. strategy of Embrace continues to work well. This quarter, the A.I. business bill has a revenue of up to 7.3 billion RMB, with a growth of more than 120%, and a return growth of 39%. The A.I. business accounts for 45% of the total revenue of Gong Youyun. In other words, in the past two years, we have successfully At the same time as the high-quality development of basic cloud business Created an almost the same volume of computing cloud business The rapid development of the generation itself And the need for AI to land thousands and hundreds of pages Opened the ceiling of the cloud service market We will continue to embrace AI to improve technical ability Grinding and computing products Be the leading enterprise in the generation of AI Third As the only strategic cloud platform of Xiaomi Jinshan Ecology, we firmly grasp the vast needs of eco-customers, and coexist with the eco-customers. In this quarter, the income of Xiaomi Jinshan Ecology reached 6.3 billion RMB, which increased by 70%, but the total income ratio further increased to 27%. In the first half of 2025, the income of Xiaomi Jinshan Ecology Hello, everyone.