Workflow
AUTOHOME(02518)
icon
Search documents
汽车之家-S(02518) - 2022 Q3 - 季度财报
2022-11-03 11:02
Financial Performance - For Q3 2022, Autohome Inc. reported total net revenue of RMB 1,843.3 million (USD 259.1 million), a year-over-year increase of 4.5% from RMB 1,763.8 million[3]. - The net profit attributable to Autohome for Q3 2022 was RMB 507.8 million (USD 71.4 million), compared to RMB 521.7 million in the same period last year[3]. - Adjusted net profit for Q3 2022 was RMB 590.0 million (USD 82.9 million), slightly up from RMB 583.3 million year-over-year[3]. - The company's operating profit decreased to RMB 191,746 thousand in Q3 2022, down 47.5% from RMB 365,084 thousand in Q3 2021[18]. - Net profit attributable to Autohome was RMB 507,844 thousand in Q3 2022, a slight decrease of 2.5% compared to RMB 521,720 thousand in Q3 2021[18]. - Adjusted EBITDA for Q3 2022 was RMB 441,208 thousand, down 33.4% from RMB 661,998 thousand in Q3 2021[20]. - The net profit margin for Q3 2022 was 27.6%, compared to 29.6% in Q3 2021[20]. - Basic earnings per share for ordinary shares in Q3 2022 was RMB 0.99, a decrease from RMB 1.01 in Q3 2021[18]. Revenue Breakdown - Media services revenue for Q3 2022 reached RMB 555.7 million (USD 78.1 million), a significant increase of 28% compared to RMB 434.1 million in the previous year[5]. - Lead generation service revenue was RMB 809.1 million (USD 113.7 million), up from RMB 768.4 million year-over-year, driven by increased average revenue per dealer[5]. - Media services revenue in Q3 2022 was RMB 555.7 million (USD 78.1 million), up 28% year-on-year from RMB 434.1 million, driven by increased advertising spending from automakers[27]. - Lead generation service revenue for Q3 2022 was RMB 809.1 million (USD 113.7 million), a year-on-year increase from RMB 768.4 million, attributed to higher average revenue per dealer[27]. Operating Costs and Expenses - Operating costs for Q3 2022 were RMB 330.7 million (USD 46.5 million), an increase from RMB 281.2 million in the same quarter last year, primarily due to ongoing content investments[6]. - Total operating expenses for Q3 2022 amounted to RMB 1,385.8 million (USD 194.8 million), up from RMB 1,187.0 million year-over-year[7]. - Operating expenses increased to RMB 1,385,759 thousand in Q3 2022, up 16.7% from RMB 1,186,973 thousand in Q3 2021[18]. Cash Flow and Assets - As of September 30, 2022, the total cash and cash equivalents, along with short-term investments, amounted to RMB 21.34 billion (USD 2,999.4 million)[11]. - The net cash flow from operating activities in Q3 2022 was RMB 540.7 million (USD 76.0 million)[11]. - As of September 30, 2022, total assets amounted to RMB 28,775.9 million (USD 4,045.3 million), compared to RMB 28,529.0 million at the end of 2021[22]. - Total liabilities decreased to RMB 3,966.4 million (USD 557.6 million) as of September 30, 2022, from RMB 4,591.6 million at the end of 2021[22]. - The total equity attributable to Autohome shareholders increased to RMB 23,623.7 million (USD 3,320.9 million) as of September 30, 2022, from RMB 22,754.4 million at the end of 2021[22]. - Autohome's cash and cash equivalents stood at RMB 4,900.3 million (USD 688.9 million) as of September 30, 2022, compared to RMB 4,236.5 million at the end of 2021[21]. User Engagement - Daily active users in September 2022 grew by 13.4% year-over-year to 49.56 million, marking the fifth consecutive month of accelerated growth[4]. - The company plans to continue enhancing user experience through technological innovations and expanding its new retail offline experience stores[26]. Employee and Corporate Information - The total number of employees as of September 30, 2022, was 5,518, including 2,086 employees from Tian Tian Pai Che[12]. - Autohome Inc. is a leading online service platform for automotive consumers in China, providing a wide range of services including original content, data analysis, and marketing services[13]. - The company plans to hold an earnings conference call on November 3, 2022, at 8:00 AM ET[12]. Stock Repurchase Plan - The company has extended its stock repurchase plan for an additional 12 months, allowing for the repurchase of up to USD 200 million of American Depositary Shares[4]. - The company announced an extension of its stock repurchase plan for an additional 12 months until November 17, 2023[23]. Non-GAAP Financial Measures - The company highlighted the importance of non-GAAP financial measures for assessing operational performance, despite their limitations[18]. - Adjusted net profit and adjusted EBITDA are key non-GAAP financial indicators used by the management to evaluate the company's performance[38]. - Autohome Inc. believes that these non-GAAP financial metrics are crucial for helping investors understand the company's operational and financial performance[38].
AUTOHOME(ATHM) - 2022 Q3 - Quarterly Report
2022-11-02 16:00
Exhibit 99.1 Autohome Inc. Announces Unaudited 2022 Third Quarter Financial Results BEIJING, November 3, 2022 – Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the three months ended September 30, 2022. Third Quarter 2022 Highlights 1 • Net Revenues in the third quarter of 2022 were RMB1,843.3 million (US$259.1 million), compared to RMB1,763.8 million in the correspondi ...
AUTOHOME(ATHM) - 2022 Q2 - Earnings Call Transcript
2022-08-03 20:05
Autohome Inc. (NYSE:ATHM) Q2 2022 Earnings Conference Call August 3, 2022 8:00 AM ET Company Participants Sterling Song - Director, Investor Relations Quan Long - Chairman & Chief Executive Officer Craig Yan Zeng - Chief Financial Officer Conference Call Participants Robin Leung - Daiwa Liping Zhao - CICC Ritchie Sun - HSBC Brian Gong - Citigroup Thomas Chong - Jefferies Operator Ladies and gentlemen, thank you for standing by for AutohomeÂ's Second Quarter and Interim 2022 Earnings Conference Call. At this ...
汽车之家(02518) - 2022 - 中期财报
2022-08-03 11:03
Financial Performance - For Q2 2022, Autohome Inc. reported total net revenue of RMB 1,733.0 million (USD 258.7 million), a decrease from RMB 1,938.0 million in the same period last year, representing a decline of approximately 10.6%[3] - The net profit attributable to Autohome Inc. for Q2 2022 was RMB 435.0 million (USD 64.9 million), down from RMB 754.9 million year-over-year, indicating a decline of about 42.3%[3] - Adjusted net profit (non-GAAP) for Q2 2022 was RMB 472.2 million (USD 70.5 million), compared to RMB 795.4 million in the prior year, reflecting a decrease of approximately 40.7%[3] - In Q2 2022, the operating profit was RMB 301.3 million (USD 45.0 million), a decrease from RMB 673.0 million in the same period last year[8] - The net profit attributable to ordinary shareholders in Q2 2022 was RMB 423.4 million (USD 63.2 million), compared to RMB 746.7 million in the same quarter last year, with basic and diluted EPS at RMB 0.85 (USD 0.13) and RMB 0.84 (USD 0.13) respectively[10] - The adjusted net profit (non-GAAP) attributable to Autohome in Q2 2022 was RMB 472.2 million (USD 70.5 million), down from RMB 795.4 million year-over-year[10] - The diluted earnings per American Depositary Share (ADS) for 2022 was RMB 5.91, compared to RMB 11.15 in 2021, reflecting a decline of 47.0%[18] - The total revenue for 2022 was RMB 3,204,285 thousand, a decrease of 15.2% from RMB 3,779,624 thousand in 2021[20] - The basic earnings per share for 2022 was RMB 5.92, down from RMB 11.18 in 2021, indicating a decline of 47.0%[18] - The adjusted net profit attributable to Autohome was RMB 1,454,129 thousand for 2022, a decrease of 13.3% compared to RMB 1,676,456 thousand in 2021[20] - The net income for 2022 was RMB 720,158 thousand, compared to RMB 1,371,974 thousand in 2021, a decline of 47.5%[20] - The company reported a net loss of RMB 33,383 thousand in 2022, compared to a net income of RMB 20,984 thousand in 2021[20] User Engagement - Daily active users reached 47.63 million in June 2022, marking an 8.1% year-over-year increase, achieving a historical high[4] Revenue Breakdown - Revenue from media services in Q2 2022 was RMB 530.6 million (USD 79.2 million), down from RMB 599.8 million in the same period last year, a decline of about 11.5%[5] - Revenue from lead services increased to RMB 752.8 million (USD 112.4 million) in Q2 2022, compared to RMB 744.0 million in the previous year, showing a growth of approximately 1.2%[5] - The revenue from the automotive services segment for 2022 was RMB 752,813 thousand, an increase of 41.7% from RMB 530,561 thousand in 2021[20] - Autohome's revenue from online services was RMB 1,732,993 thousand in 2022, a decrease of 10.5% from RMB 1,938,043 thousand in 2021[42] Expenses and Costs - Total operating expenses for Q2 2022 were RMB 1,227.5 million (USD 183.3 million), up from RMB 1,073.8 million year-over-year, representing an increase of about 14.3%[7] - R&D expenses for Q2 2022 were RMB 362.2 million (USD 54.1 million), an increase from RMB 334.7 million in the same period last year, reflecting a growth of approximately 8.2%[7] - Operating costs for Q2 2022 were RMB 278.9 million (USD 41.6 million), an increase from RMB 261.6 million in the same period last year, representing a growth of about 6.5%[28] Cash Flow and Assets - As of June 30, 2022, the total cash and cash equivalents, along with short-term investments, amounted to RMB 20.94 billion (USD 3,125.8 million)[11] - The net cash flow from operating activities in Q2 2022 was RMB 488.3 million (USD 72.9 million)[11] - The total assets of Autohome Inc. as of June 30, 2022, were RMB 28,353,783 thousand, a slight decrease from RMB 28,529,006 thousand as of December 31, 2021[22] - Cash and cash equivalents as of June 30, 2022, totaled RMB 3,851,719 thousand, down from RMB 4,236,501 thousand at the end of 2021[22] - The total liabilities decreased to RMB 4,095,892 thousand as of June 30, 2022, from RMB 4,591,636 thousand at the end of 2021, reflecting a reduction of 10.8%[22] Strategic Plans - Autohome plans to strengthen platform construction and accelerate new business development in the second half of 2022, leveraging government consumption stimulus plans[4] - The company plans to continue focusing on enhancing user engagement and expanding its market presence through new product offerings and technological advancements[38] Shareholder Information - The company repurchased 1,883,906 ADS for approximately USD 54.2 million as of July 31, 2022[3] - The total equity attributable to Autohome shareholders increased from RMB 22,754,419 thousand in 2021 to RMB 23,085,878 thousand in 2022, an increase of 1.5%[44] - The weighted average number of diluted shares for 2022 was 505,183,728, compared to 501,112,704 in 2021, showing an increase of 0.4%[19] Non-GAAP Measures - The company emphasized the importance of non-GAAP financial measures to provide a clearer view of its operational performance, excluding non-cash expenses and non-operating gains and losses[16] - The adjusted net profit margin for 2022 was 27.2%, down from 41.0% in 2021, indicating a significant decline in profitability[21] - The adjusted EBITDA for 2022 was RMB 2,670,404 thousand, down from RMB 3,274,914 thousand in 2021, representing a decrease of 18.5%[20]
AUTOHOME(ATHM) - 2022 Q2 - Quarterly Report
2022-08-02 16:00
Exhibit 99.1 Autohome Inc. Announces Unaudited 2022 Second Quarter and Interim Financial Results BEIJING, August 3, 2022 – Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the three months and six months ended June 30, 2022. Second Quarter 2022 Highlights 1 • Net Revenues in the second quarter of 2022 were RMB1,733.0 million (US$258.7 million), compared to RMB1,938.0 mil ...
AUTOHOME(ATHM) - 2022 Q1 - Earnings Call Transcript
2022-05-24 17:37
Autohome Inc. (NYSE:ATHM) Q1 2022 Earnings Conference Call May 24, 2022 8:00 AM ET Company Participants Sterling Song – Investor Relations Director Quan LONG – Chairman and the Chief Executive Officer Craig Yan Zeng – Chief Financial Officer Conference Call Participants Brenda Zhao – CICC Operator Ladies and gentlemen, thank you for standing by for AutohomeÂ's First Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the f ...
汽车之家-S(02518) - 2022 Q1 - 季度财报
2022-05-24 09:35
Financial Performance - Total net revenue for Q1 2022 was RMB 1,471.3 million (USD 232.1 million), a decrease of 20% from RMB 1,841.6 million in the same period last year[3]. - Net profit attributable to Autohome was RMB 318.2 million (USD 50.2 million), down from RMB 704.3 million year-over-year[3]. - Adjusted net profit (non-GAAP) for Q1 2022 was RMB 437.5 million (USD 69.0 million), compared to RMB 735.1 million in the prior year[3]. - The company's operating profit for Q1 2022 was RMB 241.2 million (USD 38.1 million), down from RMB 566.6 million in the same period last year[31]. - The net profit attributable to the company in Q1 2022 was RMB 318.2 million (USD 50.2 million), compared to RMB 704.3 million in the prior year[31]. - The adjusted net profit attributable to Autohome Inc. for the three months ended March 31, 2022, was RMB 437,533, compared to RMB 735,056 for the same period in 2021, indicating a decline of 40%[41]. - The basic and diluted earnings per share for ordinary shares were RMB 0.61 for the three months ended March 31, 2022, compared to RMB 1.31 for the same period in 2021, indicating a decline of approximately 53%[19]. Revenue Breakdown - Media services revenue for Q1 2022 was RMB 266.8 million (USD 42.1 million), a decline from RMB 604.8 million year-over-year, primarily due to ongoing chip shortages and COVID-19 impacts[6]. - Revenue from new energy vehicle brands surged by 156.1% year-over-year in Q1 2022[4]. - Revenue from lead generation services in Q1 2022 was RMB 708.2 million (USD 111.7 million), slightly up from RMB 697.6 million year-over-year[27]. Operational Metrics - Average daily active users reached 45.21 million in March 2022, reflecting a 7.5% year-over-year increase[4]. - The total number of employees as of March 31, 2022, was 5,715, including 2,179 from TTP[12]. - The company reported cash and cash equivalents, along with short-term investments, totaling RMB 20.27 billion (USD 3,197.3 million) as of March 31, 2022[32]. Cost and Expenses - Operating costs for Q1 2022 were RMB 255.0 million (USD 40.2 million), up from RMB 243.1 million in the same period last year[7]. - Total operating expenses for Q1 2022 were RMB 1,084.1 million (USD 171.0 million), a slight decrease from RMB 1,115.8 million year-over-year[8]. - The company experienced a net loss from equity method investments of RMB 26,229 for the three months ended March 31, 2022, compared to a loss of RMB 197 in the same period of 2021[19]. Strategic Initiatives - The company has initiated a stock repurchase plan, having repurchased 1,574,674 ADS for approximately USD 43.9 million as of May 20, 2022[3]. - The company plans to continue strategic investments while maintaining high-quality growth standards, leveraging its strong business foundation and cash reserves[26]. - Autohome's platform provides comprehensive automotive services, including financing, insurance, and used car transactions, contributing to its revenue growth strategy[35]. - The company aims to enhance its online automotive advertising services, targeting a significant increase in user engagement and retention[36]. Management and Governance - The company appointed a new Chief Financial Officer, Mr. Zeng Yan, effective May 6, 2022[24]. - The new CFO, Zeng Yan, brings over 20 years of experience in capital markets, expected to drive the next phase of growth for the company[5]. Market Outlook and Risks - Forward-looking statements in the report highlight potential risks and uncertainties affecting future performance, including market competition and regulatory changes[15]. - Autohome's management highlights the potential risks and uncertainties in achieving its business outlook and strategic goals[36].
AUTOHOME(ATHM) - 2022 Q1 - Quarterly Report
2022-05-23 16:00
Exhibit 99.1 Autohome Inc. Announces Unaudited First Quarter 2022 Financial Results First Quarter 2022 Highlights1 BEIJING, May 24, 2022 – Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the first quarter ended March 31, 2022. • Net Revenues in the first quarter of 2022 were RMB1,471.3 million (US$232.1 million), compared to RMB1,841.6 million in the corresponding perio ...
汽车之家(02518) - 2021 - 年度财报
2022-04-26 00:02
Corporate Structure and Operations - Autohome Inc. reported a total of 505,183,788 ordinary shares outstanding as of December 31, 2021[8]. - The company is classified as a large accelerated filer under the Securities Exchange Act[9]. - Autohome Inc. has chosen to follow U.S. Generally Accepted Accounting Principles for its financial statements[11]. - The company conducted a 1-for-4 stock split approved by shareholders in February 2021, affecting all share numbers reported in the annual report[15]. - The company primarily operates in China, with nearly all revenue denominated in Renminbi[15]. - The company operates through Chinese subsidiaries and VIEs due to restrictions on foreign investment in internet content services in China[18]. - The company’s investors are purchasing shares in a Cayman Islands holding company, not equity in the VIEs located in China[18]. - The company has a series of contractual arrangements with its VIEs and their shareholders, including exclusive technology consulting and service agreements[18]. - The company does not directly own equity in the VIEs, which may pose risks related to control and operational effectiveness[19]. - The effectiveness of the contractual arrangements in providing control over the VIEs may not be as strong as direct equity ownership[19]. - The company is subject to significant uncertainty regarding future regulatory actions by the Chinese government, which could impact the enforceability of its contracts with VIEs[99]. - The company relies on contractual arrangements with individual shareholders of variable interest entities, which may lead to potential conflicts of interest affecting business operations[104]. Financial Performance - Net revenue for 2021 was RMB 7,237,004, a decrease of 16.4% compared to RMB 8,658,559 in 2020[29]. - Gross profit for 2021 was RMB 6,189,112, representing a gross margin of approximately 85.7%[29]. - Operating profit for 2021 was RMB 1,781,612, down from RMB 3,148,027 in 2020, indicating a decline of 43.4%[29]. - Net profit attributable to Autohome Inc. for 2021 was RMB 2,248,785, a decrease of 33.9% from RMB 3,405,229 in 2020[29]. - Basic earnings per share for 2021 was RMB 4.30, compared to RMB 7.13 in 2020, reflecting a decline of 39.5%[29]. - Autohome Inc. received dividends from its Chinese subsidiaries totaling RMB 649.6 million in 2020 and RMB 681.4 million in 2021 (approximately USD 106.9 million)[24]. - The company paid cash dividends to shareholders amounting to USD 99.8 million in 2020 and USD 105.7 million in 2021[25]. - As of December 31, 2021, the total intercompany receivables from foreign subsidiaries amounted to RMB 3,523.5 million (USD 552.9 million)[26]. - The total equity attributable to Autohome Inc. shareholders was RMB 22,754,419 as of December 31, 2021, highlighting strong shareholder value[31]. Regulatory Environment - The company is subject to government policies and regulations that could affect its industry in China[16]. - The company faces significant risks related to its contractual arrangements with variable interest entities, which may lead to severe penalties or loss of business interests if deemed non-compliant with Chinese regulations[20]. - The company operates primarily in China and is subject to complex and rapidly evolving legal and regulatory frameworks, which may impact its ability to conduct business and attract foreign investment[21]. - The company must navigate the complexities and uncertainties of China's data privacy and cybersecurity laws, which may change and increase operational costs[23]. - The company is required to comply with the Personal Information Protection Law, which strengthens penalties for illegal processing of personal information, effective from November 2021[62]. - The company faces significant uncertainty regarding compliance with existing and future regulations in the internet industry, which may impact its operations and financial performance[119]. Market and Competitive Landscape - The company faces significant risks related to reliance on the Chinese automotive industry, which is influenced by government regulations and market competition[44]. - The company faces intense competition in the automotive media business from various platforms, including vertical industry websites and mobile applications from China, as well as traditional media outlets[50]. - The company may not maintain its current growth levels or ensure the success of its expansion or new business initiatives, with potential revenue or profit growth slowing down due to increased operating expenses and intensified competition[52]. - The company is at risk of losing market share if it cannot effectively compete with existing and future competitors, which may adversely affect its business and financial performance[50]. User Engagement and Technology - The company emphasizes its ability to attract and retain users and customers as a key component of its future business development[16]. - The company has reported a significant increase in user engagement metrics, although specific figures were not disclosed in the summary[35]. - The company has developed a user intelligence engine to analyze user browsing behavior and preferences, improving user experience and customer retention[165]. - The company utilizes AI, big data, and cloud technology to develop intelligent products and solutions, enhancing its service offerings across the automotive value chain[161]. - The company has implemented measures to ensure the credibility and usefulness of its user forums, including the identification of verified car owners as moderators[170]. Risks and Uncertainties - The company acknowledges various risks and uncertainties that may impact its actual performance compared to forward-looking statements[16]. - The company warns that actual results may differ significantly from its expectations due to unforeseen risks and uncertainties[16]. - The company may incur substantial costs in implementing the terms of the contractual arrangements with the VIEs[19]. - The company faces significant uncertainty regarding the interpretation and application of Chinese laws and regulations, which may impact its business structure and contracts[100]. - The company may face significant adverse effects on its liquidity and ability to expand due to regulatory restrictions on providing loans or additional capital to Chinese subsidiaries[107]. Strategic Initiatives - Future business strategies and initiatives are outlined, focusing on enhancing brand awareness and retaining key personnel[16]. - The company plans to focus on market expansion and new product development in the upcoming fiscal year[30]. - The company is exploring strategic acquisitions to bolster its market presence and technological capabilities[35]. - The company aims to improve its financial condition and operational performance through strategic initiatives[16]. Financial Services and Investments - The automotive financial services business has been developed in collaboration with Ping An Group since 2017, integrating services from partner banks and financial institutions[78]. - The company has invested in the second-hand car market through its platform che168.com and acquired control of a second-hand car auction platform, yet faces uncertainty in successfully developing this business[67]. - The company has established an internal control system for compliance matters related to its automotive financial services, but cannot guarantee its effectiveness[79]. Shareholder and Stock Information - The company completed a public offering in Hong Kong in March 2021, with its ordinary shares trading under the stock code "2518" starting March 15, 2021[140]. - The board approved a share repurchase plan on November 18, 2021, allowing the company to repurchase up to $200 million of American Depositary Shares within the next 12 months[140]. - The company adopted a regular dividend policy in November 2019, potentially issuing annual cash dividends of approximately 20% of the previous fiscal year's net profit starting from 2020[142]. - The company’s stock price may be adversely affected by inaccurate or unfavorable research reports from analysts, which could lead to a decline in market visibility[141]. Intellectual Property and Compliance - The company relies on various intellectual property protections, but faces challenges in safeguarding its rights, particularly in China[82]. - The company has 263 pending patent applications and 243 registered patents as of December 31, 2021[189]. - The company must comply with various tax regulations, which may require substantial resources and could impact financial performance[130]. Economic and Global Factors - Global economic uncertainties, including consumer confidence drops, may significantly impact the company's business and financial performance[80]. - International trade policies and escalating political tensions, particularly between the US and China, could negatively impact the company's business and operational performance[137]. - The COVID-19 pandemic had a significant negative impact on operations, particularly in the first half of 2020, leading to a slowdown in automotive production and sales in China[97].
AUTOHOME(ATHM) - 2021 Q4 - Annual Report
2022-04-24 16:00
Table of Contents 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, 2021 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 SECURITIE ...