KC vs RAASY
Kingsoft Cloud Holdings Ltd. and Cloopen Group Holding Ltd., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | KC | RAASY |
|---|---|---|
| Revenue | CNY 9.6B | CNY 535.7M |
| Net income | CNY -936.3M | CNY -239.3M |
| Gross margin | 15.7% | 27.4% |
| Net margin | −9.9% | −44.6% |
| Return on equity | −12.9% | −25.0% |
| Diluted EPS | −CNY 0.23 | −CNY 0.74 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | — | CNY -231.8M |
| Equity | CNY 9.3B | CNY 841.4M |
| Net debt / equity | 0.04× | — |
| Current ratio | 1.17× | 2.29× |
| Revenue CAGR 5y | 7.8% | −5.8% |
| Profit CAGR 5y | — | — |
KC bills 17.8× the revenue of RAASY, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
8 years side by side
| Fiscal year | KC | RAASY |
|---|---|---|
| FY2025 | CNY 9.6B | CNY 535.7M |
| FY2024 | CNY 7.8B | CNY 573.6M |
| FY2023 | CNY 7.0B | CNY 571.0M |
| FY2022 | CNY 8.2B | CNY 593.6M |
| FY2021 | CNY 9.1B | CNY 752.7M |
| FY2020 | CNY 6.6B | CNY 723.5M |
| FY2019 | CNY 4.0B | CNY 592.8M |
| FY2018 | CNY 2.2B | CNY 501.5M |
Net income by year
Bottom line
| Fiscal year | KC | RAASY |
|---|---|---|
| FY2025 | CNY -936.3M | CNY -239.3M |
| FY2024 | CNY -2.0B | CNY -142.8M |
| FY2023 | CNY -2.2B | CNY -409.7M |
| FY2022 | CNY -2.7B | CNY -974.9M |
| FY2021 | CNY -1.6B | CNY -903.9M |
| FY2020 | CNY -962.3M | CNY -425.2M |
| FY2019 | CNY -1.1B | CNY -217.1M |
| FY2018 | CNY -1.0B | CNY -262.3M |
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