Kingsoft Cloud Holdings Limited (KC) Q3 2024 Earnings Call Transcript Summary

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Pressure on rail transit business, China Railway Signal & Communication Corporation's revenue and net profit both declined in the first three quarters, speeding up the layout of low-altitude economy.

①Yao Guiqing stated that although national policies are tightening, the construction of urban rail transit systems has temporarily slowed down in some regions due to factors such as local debt risks, but there are sufficient existing projects under construction and in planning nationwide to support industry development; ②Regarding the industrialization of low-altitude economy, Yao Guiqing mentioned that the company has already obtained the "Civil Unmanned Aerial Vehicle Operation Certificate", and it is expected that low-altitude economy-related operations will have a positive impact on the company's performance.

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Yao Guiqing said that many subsidiary companies have obtained the "Civil Unmanned Aerial Vehicle Operation Qualification Certificate", etc., and it is expected that low-altitude economic related business will have a positive impact on the company's performance; ② Some market institutions analysts stated that China Railway Signal & Communication Corporation's low-altitude economic business is still in the early stages of development.

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