• Kingsoft Cloud Holdings average return on tangible equity for 2023 was -62.18, a 41.61% increase from 2022.
• Kingsoft Cloud Holdings average return on tangible equity for 2022 was -43.91, a 171.72% increase from 2021.
• Kingsoft Cloud Holdings average return on tangible equity for 2021 was -16.16, a 23.77% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.