BEIJING, July 18, 2024 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced that it will report its financial results for the second quarter and six months ended June 30, 2024, before U.S. markets open on July 31, 2024.Autohome's management team will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, July 31, 2024 (8:00 PM Beijing Time on the same day).Please register i ...

BEIJING, June 21, 2024 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced that the following proposed resolution submitted for shareholder approval has been adopted as an ordinary resolution at its 2023 annual general meeting of shareholders held in Beijing today:Each of Mr. Quan Long, Mr. Tao Wu, Ms. Keke Ding and Dr. Fan Lu is re-elected as a director of the Company.About Autohome Inc.Autoh ...

BEIJING, May 21, 2024 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced that the Company's board of directors (the "Board") has approved a cash dividend of US$0.5700 per ADS (or US$0.1425 per ordinary share) payable in U.S. dollars (the "Dividend") to holders of ADSs and ordinary shares of record as of the close of business on July 10, 2024, New York Time and Beijing/Hong Kong Time, respecti ...

Blackstation/DigitalVision via Getty ImagesElevator Pitch I rate Autohome Inc. (NYSE:ATHM) [2518:HK] stock as a Buy. My prior October 12, 2023 write-up was focused on ATHM's mixed financial prospects. This update touches on ATHM's recent quarterly financial performance, the latest policy development for China's automotive market, and the company's dividend guidance. Autohome is guiding for a +50% increase in dividend distributions for full-year 2024. Separately, the company's 2024 financial performance ...

Autohome, Inc. (NYSE:ATHM) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Sterling Song - IR Director Tao Wu - CEO Craig Yan Zeng - CFO Conference Call Participants Brian Gong - Citi Ritchie Sun - HSBC Thomas Chong - Jefferies Xiaodan Zhang - CICC Operator Ladies and gentlemen, thank you for standing by for Autohome's First Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow management's prepar ...

Financial Performance - Net revenues for Q1 2024 were RMB1,609.1 million (US$222.9 million), a 4.9% increase from RMB1,533.6 million in Q1 2023[2] - Net income attributable to Autohome in Q1 2024 was RMB394.5 million (US$54.6 million), a decrease of 2.5% from RMB405.5 million in Q1 2023[9] - Operating profit for Q1 2024 was RMB276.1 million (US$38.2 million), up from RMB263.2 million in Q1 2023[7] - Adjusted net income attributable to Autohome (Non-GAAP) was RMB493.9 million (US$68.4 million), a 2.8% increase from RMB483.5 million in Q1 2023[11] - Gross profit for the same period was RMB 1,308,173, reflecting a gross margin of 81.3%[22] - The company reported a net margin of 24.5% for the three months ended March 2024, down from 26.4% in the same period last year[24] User Engagement - Average mobile daily active users grew by 8.1% year-over-year to 69.39 million in March 2024[3] Revenue Streams - Revenues from leads generation services increased by 6.7% to RMB726.4 million (US$100.6 million) in Q1 2024 compared to RMB680.6 million in Q1 2023[4] Earnings Per Share - Basic and diluted earnings per share (EPS) were RMB0.78 (US$0.11) in Q1 2024, down from RMB0.80 in Q1 2023[10] - Basic earnings per share for ordinary shares was RMB 0.80 for the three months ended March 2024, compared to RMB 0.78 in the same period last year[22] Operating Expenses - Operating expenses rose to RMB1,126.9 million (US$156.1 million) in Q1 2024, compared to RMB996.6 million in Q1 2023[6] Assets and Liabilities - Total current assets as of March 2024 were RMB 25,640,956, slightly up from RMB 25,524,988 as of December 31, 2023[26] - Total assets increased to RMB 30,856,381 as of March 2024, compared to RMB 30,835,731 as of December 31, 2023[26] - Total liabilities decreased to RMB 5,249,489 as of March 2024, down from RMB 5,662,493 as of December 31, 2023[26] Cash Position - Cash and cash equivalents and short-term investments totaled RMB23.65 billion (US$3.27 billion) as of March 31, 2024[12] - Cash and cash equivalents decreased to RMB 2,870,271 as of March 2024, compared to RMB 4,996,353 as of December 31, 2023[26] Strategic Initiatives - The company plans to expand its Autohome Space franchise stores geographically and has launched initiatives in response to the national "trade-in for new" policy[3]

Financial Performance - For Q1 2024, Autohome reported total net revenue of RMB 1,609.1 million (USD 222.9 million), an increase from RMB 1,533.6 million in Q1 2023, reflecting a year-over-year growth of 4.9%[9] - The net profit attributable to Autohome for Q1 2024 was RMB 394.5 million (USD 54.6 million), slightly down from RMB 405.5 million in Q1 2023, indicating a decrease of 2.5%[16] - Operating profit for Q1 2024 was RMB 276.1 million (USD 38.2 million), up from RMB 263.2 million in Q1 2023, marking a growth of 4.0%[13] - The adjusted net profit for Q1 2024 was RMB 493.9 million (USD 68.4 million), up from RMB 483.5 million in Q1 2023, indicating a growth of 2.8%[9] - Basic and diluted earnings per share for Q1 2024 were RMB 0.78 (USD 0.11), compared to RMB 0.80 in Q1 2023, reflecting a decrease of 2.5%[17] - Adjusted basic and diluted earnings per share for Q1 2024 were RMB 1.02 (USD 0.14), compared to RMB 0.98 in Q1 2023, reflecting a growth of 4.1%[18] - The gross profit for the same period was RMB 1,308,173, reflecting a gross margin of 81.3%[30] - The net profit margin for the three months ended March 31, 2024, was 24.5%, down from 26.4% in 2023[33] - Adjusted EBITDA for the three months ended March 31, 2024, was RMB 555,732, compared to RMB 566,486 in the same period of 2023[33] User Engagement and Growth - Daily active users on the mobile platform reached 69.39 million in March 2024, representing an 8.1% year-over-year increase, showcasing the effectiveness of the company's content-driven user growth strategy[8] - Revenue from data products continued to show strong growth, particularly from new energy vehicle companies, contributing positively to the overall revenue structure[8] - The company launched a series of promotional activities in response to the national "old-for-new" policy, enhancing consumer engagement and market penetration[8] Expenses and Investments - Research and development expenses for Q1 2024 amounted to RMB 336.1 million (USD 46.5 million), compared to RMB 324.4 million in Q1 2023, reflecting a year-over-year increase of 3.0%[14] - Sales and marketing expenses increased to RMB 641.3 million (USD 88.8 million) in Q1 2024, up from RMB 523.1 million in Q1 2023, primarily due to higher marketing costs[14] Cash Flow and Assets - As of March 31, 2024, the total cash and cash equivalents, along with short-term investments, amounted to RMB 23.65 billion (USD 3.27 billion)[19] - Net cash flow from operating activities for Q1 2024 was RMB 560.8 million (USD 77.7 million)[19] - Total assets as of March 31, 2024, were RMB 30,856,381, slightly up from RMB 30,835,731 as of December 31, 2023[35] - Cash and cash equivalents decreased to RMB 2,870,271 as of March 31, 2024, from RMB 4,996,353 as of December 31, 2023[35] Strategic Focus and Future Plans - The company aims to leverage technology to continuously reduce decision-making and transaction costs in the automotive industry[25] - Autohome provides a comprehensive range of services including automotive finance, insurance, used car transactions, and after-sales services[25] - The company emphasizes the importance of adjusted non-GAAP financial metrics to provide a clearer view of its operational performance[27] - Autohome's strategic focus includes enhancing brand awareness and user retention in the competitive online automotive advertising market[26] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[30] Conference and Employee Information - The total number of employees as of March 31, 2024, was 5,420, including 2,092 employees from Tian Tian Pai Che[20] - Autohome will hold its earnings conference call on May 8, 2024, at 8:00 AM ET (8:00 PM Beijing time)[21]

Core Viewpoint - Autohome Inc. reported solid financial results for the first quarter of 2024, showcasing revenue growth and user base expansion, while also highlighting the successful implementation of new business initiatives [2][3]. Financial Performance - Net revenues for Q1 2024 were RMB1,609.1 million (US$222.9 million), an increase from RMB1,533.6 million in Q1 2023, representing a year-over-year growth of 4.9% [2][4]. - Net income attributable to Autohome in Q1 2024 was RMB394.5 million (US$54.6 million), a slight decrease from RMB405.5 million in Q1 2023 [10]. - Adjusted net income attributable to Autohome (Non-GAAP) was RMB493.9 million (US$68.4 million), up from RMB483.5 million in the same period last year [12]. Revenue Breakdown - Media services revenues were RMB327.4 million (US$45.3 million) in Q1 2024, down from RMB361.5 million in Q1 2023 [4]. - Leads generation services revenues increased to RMB726.4 million (US$100.6 million) from RMB680.6 million year-over-year [4]. - Online marketplace and other revenues rose to RMB555.2 million (US$76.9 million) from RMB491.5 million in the previous year [4]. Cost and Expenses - Cost of revenues decreased to RMB300.9 million (US$41.7 million) in Q1 2024 from RMB340.2 million in Q1 2023 [5]. - Operating expenses increased to RMB1,126.9 million (US$156.1 million) from RMB996.6 million year-over-year [6]. - Sales and marketing expenses rose significantly to RMB641.3 million (US$88.8 million) from RMB523.1 million in Q1 2023, primarily due to increased marketing efforts [7]. Profitability Metrics - Operating profit for Q1 2024 was RMB276.1 million (US$38.2 million), compared to RMB263.2 million in Q1 2023 [8]. - The income tax expense for Q1 2024 was RMB68.4 million (US$9.5 million), up from RMB54.7 million in the same period last year [9]. Earnings Per Share - Net income attributable to ordinary shareholders was RMB379.8 million (US$52.6 million) in Q1 2024, down from RMB392.8 million in Q1 2023 [11]. - Basic and diluted earnings per share (EPS) were RMB0.78 (US$0.11) in Q1 2024, compared to RMB0.80 and RMB0.79 in Q1 2023 [11]. Cash Flow and Balance Sheet - As of March 31, 2024, the company had cash and cash equivalents and short-term investments totaling RMB23.65 billion (US$3.27 billion) [13]. - Net cash provided by operating activities in Q1 2024 was RMB560.8 million (US$77.7 million) [13]. User Engagement and Business Initiatives - Average mobile daily active users grew by 8.1% year-over-year to 69.39 million in March 2024, indicating effective user engagement strategies [3]. - The company is expanding its innovative business initiatives, including the Autohome Space franchise stores and responding to national policies to enhance consumer benefits [3].

BEIJING, April 25, 2024 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced that it will hold its annual general meeting of shareholders (the "AGM") at 18th Floor Tower B, CEC Plaza, 3 Dan Ling Street, Haidian District, Beijing, The People's Republic of China on June 21, 2024 at 4:00 p.m. (Beijing time). Holders of record of ordinary shares of the Company at the close of business on May 23, 20 ...

Exhibit 99.1 RECONCILIATION BETWEEN U.S. GAAP AND INTERNATIONAL FINANCIAL REPORTING STANDARDS The consolidated financial statements are prepared in accordance with U.S. GAAP, which differ in certain respects from International Financial Reporting Standards (“IFRS”). The effects of material differences between the consolidated financial statements of the Group prepared under U.S. GAAP and IFRS are as follows: Reconciliation of audited consolidated statements of comprehensive income: For the year ended Decemb ...