0001193125-21-125812 | 20-F | XBRL Viewer | Kingsoft Cloud Holdings LTD

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Cover Page	12 Months Ended
Cover Page	Dec. 31, 2020 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Registrant Name	Kingsoft Cloud Holdings Ltd
Entity Central Index Key	0001795589
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	3,339,618,633
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Interactive Data Current	Yes
Document Accounting Standard	U.S. GAAP
Entity File Number	001-39278
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	Building E, Xiaomi Science and Technology Park, No. 33 Xierqi Middle Road
Entity Address, Address Line Two	Haidian District
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100085
Entity Address, Country	CN
ICFR Auditor Attestation Flag	false
American Depositary Shares [Member]
Document Information [Line Items]
Title of 12(b) Security	American depositary shares, each ADS represents 15 ordinary shares, par value US$0.001 per share
Trading Symbol	KC
Security Exchange Name	NASDAQ
Ordinary Shares [Member]
Document Information [Line Items]
Title of 12(b) Security	Ordinary shares, par value US$0.001 per share
No Trading Symbol Flag	true
Security Exchange Name	NASDAQ

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 3,424,674	$ 524,854	¥ 2,023,263
Accounts receivable, net of allowance of RMB22,894 and RMB15,770 (US$2,417) as of December 31, 2019 and 2020, respectively	2,334,871	357,835	1,347,481
Short-term investments	2,693,019	412,723	225,425
Prepayments and other assets	887,086	135,952	421,938
Amounts due from related parties	205,068	31,428	131,632
Total current assets	9,544,718	1,462,792	4,149,739
Non-current assets:
Property and equipment, net	1,956,790	299,891	1,720,974
Intangible assets, net	16,573	2,540	7,428
Prepayments and other assets	11,824	1,812	36,468
Equity investments	126,583	19,400	114,876
Amounts due from related parties	5,758	882	2,336
Operating lease right-of-use assets	266,968	40,915
Total non-current assets	2,384,496	365,440	1,882,082
Total assets	11,929,214	1,828,232	6,031,821
Current liabilities (including current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB2,168,169 and RMB3,000,675 (US$459,873) as of December 31, 2019 and 2020, respectively):
Accounts payable	2,057,355	315,303	1,254,589
Accrued expenses and other liabilities	845,374	129,559	949,213
Short-term bank loans	278,488	42,680
Long-term bank loan, current portion	74,351	11,395	100,000
Income tax payable	20,564	3,152	11,930
Amounts due to related parties	112,998	17,318	104,259
Current operating lease liabilities	76,469	11,719
Total current liabilities	3,465,599	531,126	2,419,991
Non-current liabilities (including non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB74,557 and RMB153,061 (US$23,457) as of December 31, 2019 and 2020, respectively):
Long-term bank loan			74,351
Deferred tax liabilities	29	4	206
Other liabilities	40,578	6,219
Non-current operating lease liabilities	182,958	28,040
Total non-current liabilities	223,565	34,263	74,557
Total liabilities	3,689,164	565,389	2,494,548
Commitments and contingencies
Mezzanine equity:
Total mezzanine equity			7,734,532
Shareholders' (deficit) equity:
Series A convertible preferred shares			123,186
Ordinary shares	22,801	3,494	5,558
Additional paid-in capital	14,149,984	2,168,580	91,746
Accumulated deficit	(5,864,356)	(898,751)	(4,902,097)
Accumulated other comprehensive income (loss)	(68,440)	(10,489)	484,348
Total Kingsoft Cloud Holdings Limited shareholders' (deficit) equity	8,239,989	1,262,834	(4,197,259)
Noncontrolling interests	61	9
Total (deficit) equity	8,240,050	1,262,843	(4,197,259)
Total liabilities, mezzanine equity and shareholders' (deficit) equity	¥ 11,929,214	$ 1,828,232	6,031,821
Series B Convertible Preferred Shares [Member]
Mezzanine equity:
Series redeemable convertible preferred shares			337,268
Series C Redeemable Convertible Preferred Shares [Member]
Mezzanine equity:
Series redeemable convertible preferred shares			1,043,147
Series D Redeemable Convertible Preferred Shares [Member]
Mezzanine equity:
Series redeemable convertible preferred shares			5,965,273
Series D+ Redeemable Convertible Preferred Shares [Member]
Mezzanine equity:
Series redeemable convertible preferred shares			¥ 388,844

Consolidated Balance Sheets (Parenthetical) ¥ in Thousands, $ in Thousands	Dec. 31, 2020 CNY (¥) shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 CNY (¥) shares	Dec. 31, 2019 $ / shares
Accounts receivable, net	¥ 15,770	$ 2,417	¥ 22,894
Current liabilities	3,465,599	531,126	2,419,991
Non Current liabilities	¥ 223,565	$ 34,263	¥ 74,557
Common Stock, Par or Stated Value Per Share \| $ / shares		$ 0.001		$ 0.001
Common stock shares authorised	4,000,000,000	4,000,000,000	1,282,750,429
Common Stock, Shares, Issued	3,546,124,955	3,546,124,955	1,077,086,304
Common Stock, Shares, Outstanding	3,339,618,633	3,339,618,633	894,711,200
Series A Convertible Preferred Shares [Member]
Temporary Equity, Par or Stated Value Per Share \| $ / shares		$ 0.001		0.001
Temporary Equity, Shares Authorized	0	0	458,116,000
Temporary Equity, Shares Issued	0	0	458,116,000
Temporary Equity, Shares Outstanding	0	0	458,116,000
Series B Convertible Preferred Shares [Member]
Temporary Equity, Par or Stated Value Per Share \| $ / shares		$ 0.001		0.001
Temporary Equity, Shares Authorized	0	0	153,603,600
Temporary Equity, Shares Issued	0	0	153,603,600
Temporary Equity, Shares Outstanding	0	0	153,603,600
Series C Redeemable Convertible Preferred Shares [Member]
Temporary Equity, Par or Stated Value Per Share \| $ / shares		$ 0.001		0.001
Temporary Equity, Shares Authorized	0	0	185,665,192
Temporary Equity, Shares Issued	0	0	185,665,192
Temporary Equity, Shares Outstanding	0	0	185,665,192
Series D Redeemable Convertible Preferred Shares [Member]
Temporary Equity, Par or Stated Value Per Share \| $ / shares		$ 0.001		0.001
Temporary Equity, Shares Authorized	0	0	842,738,782
Temporary Equity, Shares Issued	0	0	842,738,782
Temporary Equity, Shares Outstanding	0	0	842,738,782
Series D+ Redeemable Convertible Preferred Shares [Member]
Temporary Equity, Par or Stated Value Per Share \| $ / shares		$ 0.001		$ 0.001
Temporary Equity, Shares Authorized	0	0	77,125,997
Temporary Equity, Shares Issued	0	0	55,089,998
Temporary Equity, Shares Outstanding	0	0	55,089,998
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Current liabilities	¥ 3,000,675	$ 459,873	¥ 2,168,169
Non Current liabilities	¥ 153,061	$ 23,457	¥ 74,557

Consolidated Statements of Comprehensive Loss ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥) ¥ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2019 CNY (¥) ¥ / shares shares	Dec. 31, 2018 CNY (¥) ¥ / shares shares
Revenues:
Revenues	¥ 6,577,307	$ 1,008,017	¥ 3,956,353	¥ 2,218,172
Cost of revenues (including related party amounts of RMB18,868, RMB660 and RMB988 (US$151) for the years ended December 31, 2018, 2019 and 2020, respectively)	(6,220,324)	(953,306)	(3,948,644)	(2,418,562)
Gross (loss) profit	356,983	54,711	7,709	(200,390)
Operating expenses:
Selling and marketing expenses	(409,211)	(62,714)	(317,426)	(191,671)
General and administrative expenses	(379,892)	(58,221)	(238,648)	(146,846)
Research and development expenses	(775,130)	(118,794)	(595,169)	(440,518)
Total operating expenses	(1,564,233)	(239,729)	(1,151,243)	(779,035)
Operating loss	(1,207,250)	(185,018)	(1,143,534)	(979,425)
Interest income	77,118	11,819	78,612	116,500
Interest expense	(9,453)	(1,449)	(4,925)	(38,826)
Foreign exchange (loss) gain	188,800	28,935	(38,961)	(102,202)
Changes in fair value of financial instruments	14,301	2,192		6,404
Other income (expenses), net	(10,810)	(1,657)	6,612	739
Loss before income taxes	(947,294)	(145,178)	(1,102,196)	(996,810)
Income tax expense	(14,904)	(2,284)	(9,003)	(9,632)
Net loss	(962,198)	(147,462)	(1,111,199)	(1,006,442)
Less: net income attributable to noncontrolling interests	61	9
Net loss attributable to Kingsoft Cloud Holdings Limited	(962,259)	(147,471)	(1,111,199)	(1,006,442)
Accretion to redemption value of redeemable convertible preferred shares	(19,768)	(3,030)	(49,725)	(742,472)
Net loss attributable to ordinary shareholders	¥ (982,027)	$ (150,501)	¥ (1,160,924)	¥ (1,748,914)
Net loss per share:
Basic and diluted \| (per share)	¥ (0.41)	$ (0.06)	¥ (1.31)	¥ (2.20)
Shares used in the net loss per share computation:
Basic and diluted	2,400,874,197	2,400,874,197	889,521,200	793,430,000
Other comprehensive income (loss), net of tax of nil:
Foreign currency translation adjustments	¥ (552,788)	$ (84,718)	¥ 64,598	¥ 401,820
Comprehensive loss	(1,514,986)	(232,180)	(1,046,601)	(604,622)
Less: Comprehensive income attributable to noncontrolling interests	61	9
Comprehensive loss attributable to Kingsoft Cloud Holdings Limited shareholders	(1,515,047)	(232,189)	(1,046,601)	(604,622)
Accretion to redemption value of redeemable convertible preferred shares	(19,768)	(3,030)	(49,725)	(742,472)
Comprehensive loss attributable to ordinary shareholders	(1,534,815)	(235,219)	(1,096,326)	(1,347,094)
Public cloud service [Member]
Revenues:
Revenues	5,166,851	791,855	3,458,843	2,110,513
Enterprise Cloud Services [Member]
Revenues:
Revenues	1,372,689	210,374	486,308	94,369
Others [Member]
Revenues:
Revenues	¥ 37,767	$ 5,788	¥ 11,202	¥ 13,290

Consolidated Statements of Comprehensive Loss (Parenthetical) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Revenue from Related Parties	¥ 777,369	$ 119,137	¥ 688,307	¥ 630,511
Cost from Related Parties	988	151	660	18,868
Public cloud services [Member]
Revenue from Related Parties	777,287	119,124	688,187	630,511
Others [Member]
Revenue from Related Parties	¥ 82	$ 13	¥ 120	¥ 0

Consolidated Statements of Changes in Shareholders' (Deficit) Equity
¥ in Thousands, $ in Thousands

CNY (¥)

USD ($)

IPO [Member]

CNY (¥)

Series B Converted Preferred Shares and Series C, D and D+ Redeemable Converted Preferred Shares [Member]

CNY (¥)

Follow on offering [Member]

CNY (¥)

Common Stock [Member]

CNY (¥)

Common Stock [Member]

USD ($)

Common Stock [Member]

IPO [Member]

CNY (¥)

Common Stock [Member]

Series B Converted Preferred Shares and Series C, D and D+ Redeemable Converted Preferred Shares [Member]

CNY (¥)

Common Stock [Member]

Follow on offering [Member]

CNY (¥)

Additional Paid-in Capital [Member]

CNY (¥)

Additional Paid-in Capital [Member]

USD ($)

Additional Paid-in Capital [Member]

IPO [Member]

CNY (¥)

Additional Paid-in Capital [Member]

Series B Converted Preferred Shares and Series C, D and D+ Redeemable Converted Preferred Shares [Member]

CNY (¥)

Additional Paid-in Capital [Member]

Follow on offering [Member]

CNY (¥)

AOCI Attributable to Parent [Member]

CNY (¥)

AOCI Attributable to Parent [Member]

USD ($)

Retained Earnings [Member]

CNY (¥)

Retained Earnings [Member]

USD ($)