Corporate Structure and Governance - Autohome Inc. reported a total of 483,398,100 ordinary shares outstanding as of December 31, 2023, excluding 25,989,500 shares reserved for the share incentive plan and repurchased shares[7]. - The company is classified as a large accelerated filer under the Securities Exchange Act[8]. - Autohome Inc. has chosen to prepare its financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP)[9]. - The company conducted a 1-for-4 stock split approved by shareholders in February 2021, adjusting the American Depositary Shares (ADS) ratio accordingly[13]. - The company operates through a structure that includes a Cayman Islands holding company and variable interest entities to comply with Chinese laws and regulations regarding foreign ownership[19]. - The company has established a series of contractual arrangements with its variable interest entities and their respective shareholders, which include exclusive technology consulting and service agreements[20]. - The company is considered a Passive Foreign Investment Company (PFIC) for U.S. federal income tax purposes, which may have adverse tax consequences for U.S. holders[59]. - The company controls variable interest entities and consolidates their operating results into its consolidated U.S. GAAP financial statements[200]. Financial Performance - The company reported a compound annual growth rate (CAGR) in key performance metrics, reflecting strong operational performance[12]. - User data shows a steady increase in engagement on the platform, contributing to overall revenue growth[11]. - Financial disclosures indicate a robust financial position with significant liquidity to support ongoing operations and investments[11]. - Total revenue for the period reached RMB 7,184,135 thousand, with third-party revenue contributing RMB 6,028,836 thousand, representing a significant portion of total income[41]. - The company reported a net profit of RMB 1,925,409 thousand, with a pre-tax profit of RMB 1,997,564 thousand, indicating strong profitability[41]. - The total costs and expenses amounted to RMB 6,310,811 thousand, highlighting the company's operational expenditures[41]. - The company recognized share of profits from subsidiaries at RMB 1,922,857 thousand, while variable interest entity losses were recorded at RMB 112,791 thousand[41]. - Autohome Inc. paid total cash dividends of $105.7 million, $61.1 million, and $69.2 million for the fiscal years 2021, 2022, and 2023 respectively[37]. - Total dividends paid by Chinese subsidiaries to Autohome Inc. were RMB 681.4 million, RMB 1,430.0 million, and RMB 2,000.0 million (approximately $281.7 million) for the years ending December 31, 2021, 2022, and 2023[35]. Market and Competitive Landscape - The company primarily operates in mainland China, with nearly all revenue denominated in Renminbi[13]. - The company is actively pursuing strategies to enhance its competitive edge in the automotive online auction market[12]. - The online automotive advertising industry may not grow at the predicted rates, which could significantly impact the company's business and the market price of its American depositary shares and/or ordinary shares[16]. - The company faces significant risks related to its reliance on the Chinese automotive industry, which is subject to various uncertainties including government regulations and policies[53]. - Intense competition in the market may lead to a loss of market share, adversely affecting the company's business and financial performance[53]. - The company’s revenue heavily depends on a limited number of automotive manufacturer clients, which poses a risk to its future prospects if it fails to maintain or increase revenue from these clients[54]. Regulatory Environment - The company emphasizes adherence to regulatory standards and governance practices to maintain investor confidence[12]. - The company is subject to the Foreign Company Accountability Act (HFCAA), which could restrict trading of its shares in the U.S. if its auditor is not inspected by the PCAOB for two consecutive years[26]. - The PCAOB has removed mainland China and Hong Kong from the list of jurisdictions where it cannot fully inspect or investigate audit firms, which may alleviate some compliance concerns for the company[27]. - The company is exposed to regulatory risks that could significantly affect its ability to sell securities to investors, particularly in light of evolving laws regarding foreign investments[24]. - The company faces potential administrative penalties if it fails to comply with the new filing requirements under the overseas listing trial measures[30]. - The company must comply with Chinese cybersecurity laws, which may impose obligations on data storage and procurement processes[31]. - The company faces potential penalties from regulatory bodies if it fails to comply with data privacy and cybersecurity regulations in China[32]. Risks and Uncertainties - The company acknowledges the presence of various risks and uncertainties that could lead to actual performance differing materially from its forward-looking statements[15]. - The management is unable to predict all risk factors and uncertainties that may affect the company's business performance[15]. - The company faces significant risks related to its contractual arrangements with variable interest entities, which may not provide effective control compared to direct equity ownership[22]. - Uncertainties regarding the interpretation and application of current and future Chinese laws and regulations could impact the enforceability of the company's agreements with variable interest entities, potentially affecting overall financial performance[23]. - The company faces significant credit risk in recovering accounts receivable from automotive manufacturers due to the limited number of clients and the current downturn in the domestic automotive market[84]. - The company may face lawsuits and government investigations related to competition, intellectual property, and consumer protection, which could negatively impact its operations[106]. Strategic Initiatives and Future Outlook - The company has a significant focus on developing new technologies and products to enhance its market position[11]. - Future outlook indicates a commitment to market expansion and potential mergers and acquisitions to drive growth[11]. - The company aims to enhance brand awareness and attract, retain, and motivate key personnel as part of its future business development strategy[15]. - The company is exploring new business models in the electric vehicle sector, including opening offline experience stores in 20 cities to build brand awareness[71]. - The company plans to expand its infrastructure and technology to support ongoing business growth, requiring adjustments to local business practices and employee training[68]. Compliance and Legal Challenges - The company is subject to audits and scrutiny from Chinese tax authorities regarding related party transactions, which could lead to unfavorable tax outcomes[140]. - The company faces significant adverse impacts on liquidity and fundraising capabilities due to regulations on loans and direct investments from offshore holding companies to mainland China entities[145]. - The company may face significant adverse tax consequences if transfer pricing adjustments are made by the Chinese tax authorities, impacting its financial performance[140]. - The company must allocate valuable resources to comply with the revised tax regulations, which may adversely affect its financial condition and operational performance[187]. - The company is required to comply with the Social Insurance Law, which mandates participation in various employee insurance programs[194]. Human Resources and Labor Costs - The company anticipates continued increases in labor costs due to rising average wages in China, which may adversely affect profitability unless these costs can be passed on to users and customers[193]. - The loss of key management personnel could severely impact the company's operations and financial performance, leading to increased recruitment and training costs[117]. - The company faces intense competition in recruiting and retaining skilled talent in the automotive and internet advertising sectors, which could impact future performance[118]. Financial Risks and Currency Exposure - The company’s revenue and costs are primarily denominated in RMB, and fluctuations in the RMB/USD exchange rate could significantly impact financial performance[176]. - The company has not entered into any hedging transactions to mitigate foreign exchange risks, which may lead to substantial currency losses due to limited hedging options available in mainland China[177]. - Regulatory restrictions on currency exchange by the Chinese government may hinder the company's ability to effectively utilize its income and impact shareholder dividend payments[178].

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 filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the United States Securities and Exchange Commission (the "SEC") on April 25, 2024. The annual report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

BEIJING, April 24, 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 first quarter ended March 31, 2024, before U.S. markets open on May 8, 2024. Autohome's management team will host an earnings conference call at 8:00 a.m. Eastern Time in the U.S. on Wednesday, May 8, 2024 (or 8:00 p.m. Beijing time on the same day). Please register in ...

damedeesoForeword About Large Cap Value A Value ranking for large cap stocks from YCharts puts together complementary strategies found during their stock research. As a value ranking, it looks at the price of a stock relative to a number of measurements that determine intrinsic firm value. Only the largest 10% of companies based on market cap are allowed in this portfolio. What it is: The Value Score is a composite score. It tells you how much you are getting in terms of profits, cash flows, assets, sal ...

hcraeseR 股 票 研 [Table_Title] Teddy Lin 林荣叶 ytiuqE Company Report: Autohome-S (02518 HK) 中文版 究 (852) 2509 5409 公司报告： 汽车之家-S (02518 HK) Chinese version rongye.lin@gtjas.com.hk 29 February 2024 赋[Ta能ble_汽Su车mm行ary业] 新零售生态，领航新能源持续发展之道 tropeR 公  我们维持“买入”的投资评级，并上调目标价至 67.08港元，相当于 14.5倍的 [RTaabtlien_gR:a nk] Buy 司 2024年市盈率。汽车之家2023年收入同比增长3.5%至人民币71.8亿元，股东 Maintained 净利润同比增长4%至人民币18.8亿元，符合我们此前的预期。公司在2023年 ynapmoC 报 底前共回购了价值 2 亿美元的股份。鉴于市场的不确定性，我们小幅下调 评级： 买入 (维持) 告 2024-2025年收入预测约2.7%，但因为运营支出的预期也有所下调，整体而言维 持净利润预期基本不 ...

h 股 c r a 票 e s e R 研 y [Table_Title] Teddy Lin 林荣叶 tiu Company Report: Autohome-S (02518 HK) 究 q (852) 2509 5409 E 公司报告： 汽车之家-S (02518 HK) rongye.lin@gtjas.com.hk 29 February 2024 E[Tmablpe_oSwumemrianryg] the New Retail Ecosystem in the Auto Industry, Navigating the Path to New Energy Sustainability tr 公 o p e 司 R  W HKe 6m 7a .0in 8t a ri en r" eB su eny" ni gn v 1e 4s .5tm e 2n 02t 4r Pat /i En .g ua tn od mre ev 'sis 2e 2o 3u r vta er ng ue et rop sr eic 3e 5t %o 报 y n a $ , p ti x A ho 0 re . [RTaabt ...

Autohome Inc. (ATHM) closed the last trading session at $27.15, gaining 9.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $34.57 indicates a 27.3% upside potential.The mean estimate comprises seven short-term price targets with a standard deviation of $6.53. While the lowest estimate of $27 indicates a 0.6% decline from the current price level, the most optimistic analyst expect ...

时间：2024年2月19日 星期一 重要新闻 高合汽车停工停产，内部人士：公司只是调整休整一段时间 在1月初辟谣与相关合作方工作暂停后，2月18日，春节后开工第一天，高合汽车传来了停工停产的消息。高合汽车官方服务热线包括预约试驾、其他服务在内的客服功能均无人接听。在汽车之家平台，高合汽车旗下多款产品未来7天的预约试驾均显示“已满”。对于高合停业传闻，有高合汽车销售人员表示，“公司只是调整休整一段时间。”对于高合汽车车主服务，该员工表示，目前高合车主的售后服务都在正常开展，只是前端和工厂以及总部做一些调整。（证券时报） 今天，广东打响开年第一枪 开工第一天，广东沸腾。 今天上午，广东召开全省高质量发展大会。不同往年，今年主会场设置在深圳，同时在各地级以上市、各县（市、区）设分会场，并面向全省进行实况直播。会上，省委书记黄坤明发出“再造一个新广东”的号召。 回顾2023年，广东省GDP首次突破13万亿元，稳坐全国“经济第一省”。即便如此，广东依然有着强烈危机感——“从现在起到2035年基本实现现代化时间紧、任务重，广东要走在前列，要求很高、难度很大。”阅读全文 五粮液出资百 ...

Financial Data and Key Metrics Changes - Total net revenues for 2023 grew by 3.5% year-over-year to RMB7.18 billion [5][18] - Adjusted net income attributable to Autohome for the year was RMB2.16 billion with an adjusted net margin of 30.1% [6][18] - Net revenues for Q4 2023 were RMB1.91 billion, with a gross margin of 80.8% compared to 80.4% in Q4 2022 [17][18] - Adjusted net income for Q4 2023 was RMB503 million, down from RMB669 million in the corresponding period of 2022 [18] Business Line Data and Key Metrics Changes - Revenues from the online marketplace and others business increased by 14.6% year-over-year, accounting for 30.6% of total revenue [5][18] - NEV business revenues increased by over 80% year-over-year, accounting for nearly 18% of total revenue [6][12] - TTP delivered a year-over-year revenue growth of over 10% [15] Market Data and Key Metrics Changes - Mobile DAUs increased by 25.4% year-over-year to reach 68.19 million in December 2023 [10] - NEV penetration rate increased from 28% in 2022 to 35% in 2023, expected to reach 40% in 2024 [25] Company Strategy and Development Direction - The company aims to enhance collaboration with Ping An Group to create a closed-loop ecosystem for car owners [8][33] - Focus on improving content quality and reinforcing Autohome as the leading authority in the automotive space [8] - Plans to expand the Autohome Energy Space stores to around 50 cities by the end of 2024 [12][43] Management Comments on Operating Environment and Future Outlook - The auto market in China is expected to stabilize in 2024 with a projected growth of 3% [25] - The company acknowledges challenges such as price wars and squeezed margins in the industry [24] - Management remains optimistic about the NEV market and its growth potential [12][25] Other Important Information - The company completed a US$200 million share repurchase program and significantly increased the dividend payout to shareholders [6][19] - Cash, cash equivalents, and short-term investments stood at RMB23.55 billion as of December 31, 2023 [19] Q&A Session Summary Question: Industry outlook for 2023 and trends for 2024 - Management noted a historical high in auto sales volume in 2023, with a 5.3% increase in passenger car sales, primarily driven by NEV cars [23] - Challenges include competitive pricing and low margins, with 50.3% of dealers suffering losses in the first half of 2023 [24] Question: Expectations for margin trends in Q1 2024 and strategies for synergies with Ping An Group - Management acknowledged a slight decline in gross margin due to increased costs from diversified content and user experience enhancements [30] - The synergy between Autohome and Ping An Group is expected to enhance service quality and create a closed-loop ecosystem for car users [33] Question: Impact of declining scale of traditional OEMs on leads generation and future dividend plans - Management indicated that traditional combustion cars still dominate sales, but the shift towards NEVs is expected to continue [37] - The company plans to maintain a dividend payout of no less than RMB1 billion from 2024 to 2026, reflecting strong financial health [41] Question: Revenue contribution and costs associated with the expansion of Energy Space stores - Management plans to open 30 new Energy Space stores in 2024, with stable costs due to a franchising model [43] - Revenue from existing stores reached RMB16 million in Q4 2023, with expectations for growth as more stores mature [44]