Group 1 - The core point of the news is the completion of the share transfer agreement between Yunchen Capital and Haier Group's subsidiary CARTECH, resulting in CARTECH becoming the controlling shareholder of the company with a 43.0% stake [1] - Following the share transfer, Yunchen Capital holds 23.9165 million shares, approximately 5.1% of the issued shares, and is no longer the controlling shareholder [1] - Several board members have resigned, including Yang Song as CEO, while new appointments have been made, including Liu Chi as Chairman and CEO [1] Group 2 - The board has established a Compliance Management Committee to assist in designing, supervising, and reviewing the company's compliance and risk management systems [2] - The Compliance Management Committee is composed of Zhang Cuimei, Zhou Shenglei, and Pu Tianruo, with Zhang Cuimei serving as the chair [2] Group 3 - Xiang Yaqi has resigned as the company secretary, effective upon the completion of the share transfer [3] - Wang Jiesi has been appointed as the company secretary, effective upon the completion of the share transfer [4]

海尔集团公司（海尔集团）旗下卡泰驰控股（Cartech Holding Company）今日正式宣布，成功完成战略 入股汽车之家的交易交割及董事会改组。汽车之家正式成为海尔汽车产业生态的新成员。如此前公告所 述，海尔集团通过旗下卡泰驰控股以总价约18亿美金收购中国平安旗下云辰资本（Yun Chen Capital Cayman）持有的汽车之家约43.0%的股份（基于截至2025年6月30日汽车之家已发行在外股份），成为 汽车之家控股股东。中国平安财产保险股份有限公司（平安产险）将继续作为汽车之家的主要股东之 一，通过云辰资本间接持有在汽车之家约5.1%的股份，并保留一个董事会席位。 ...

Core Viewpoint - Autohome Inc. has undergone a significant change in its ownership structure and management following the completion of a share transfer agreement, resulting in CARTECH becoming the controlling shareholder and several key management changes within the company [1][2][3]. Ownership Changes - Following the share transfer, Yun Chen Capital Cayman now holds 23,916,500 ordinary shares, approximately 5.1% of the total shares, and has ceased to be the controlling shareholder [2][10]. - CARTECH has acquired 200,884,012 ordinary shares, representing approximately 43.0% of the total shares, thus becoming the new controlling shareholder of Autohome [2][10]. Management Changes - Mr. Song Yang has resigned as Director and CEO, taking on the role of Senior Vice President [3]. - Ms. Keke Ding and Dr. Fan Lu have also resigned from their positions as Directors [3]. - Mr. Chi Liu has been appointed as the new Chairman of the Board, CEO, and Director, along with several other new appointments to the Board [4]. New Board Appointments - The new Board includes Mr. Haishan Liang, Ms. Cuimei Zhang, Mr. Shenglei Zhou, and Mr. Xing Fang, all of whom bring extensive experience and qualifications relevant to their roles [4][5][6][7][8][9]. - A Compliance Management Committee has been formed to oversee compliance and risk management systems, chaired by Ms. Cuimei Zhang [4]. Company Overview - Autohome Inc. is a leading online platform for automobile consumers in China, providing a range of services including content generation, automobile listings, and transaction facilitation [11].

Core Viewpoint - Automotive Home has made significant progress in sustainable development, achieving a total score of 42 in the S&P Global Corporate Sustainability Assessment (ESG CSA), marking the third consecutive year of improvement and outperforming nearly 87% of its peers globally [1][2] Group 1: ESG Assessment Results - Automotive Home's score of 42 reflects its strong performance in corporate governance, financial stability, environmental management, and social responsibility [1] - The S&P Global ESG rating (CSA) is one of the largest and oldest corporate sustainability assessments globally, with over 3,600 companies participating in 2024 [1] - The CSA evaluation measures various aspects such as corporate transparency, environmental governance, information disclosure, management coverage, performance, and external verification [1] Group 2: Commitment to Sustainable Development - The company has embedded sustainable development principles into its corporate strategy, continuously advancing its ESG framework [2] - Automotive Home has made breakthroughs in AI technology applications and the construction of a one-stop O2O automotive consumption ecosystem, driving digital transformation and green development in the automotive industry [2] - The continuous improvement in scoring is a strong testament to the company's solid achievements in sustainable development and its commitment to long-termism [2]

Group 1 - The core achievement of the company is the continuous improvement in its ESG score, achieving a total score of 42, which places it ahead of nearly 87% of its global peers [1][2] - The S&P Global ESG rating (CSA) is one of the largest and oldest corporate sustainability assessments, with over 3,600 companies participating in 2024 [1] - The assessment evaluates various aspects such as corporate transparency, environmental governance, information disclosure, and performance, which are crucial for constructing the S&P Global ESG Index [1] Group 2 - The company integrates sustainable development into its corporate strategy, focusing on environmental governance, social responsibility, and corporate governance [2] - The company is making significant advancements in AI technology applications and the construction of a one-stop O2O automotive consumption ecosystem, driving digital transformation and green development in the automotive industry [2] - The continuous rise in the ESG score reflects the company's solid achievements in sustainable development and its commitment to long-termism [2]

Core Viewpoint - The automotive industry is undergoing a deep adjustment period, and the "818 Global Car Purchase Festival" organized by Autohome is injecting vitality into the sector through "real benefits and subsidies" and "AI innovation" [1][6]. Group 1: AI Empowerment in the Automotive Industry - Autohome has launched an AI smart assistant that integrates a vast database of vehicle models, reviews, and user feedback, allowing users to receive tailored vehicle recommendations through conversational queries [2]. - The company has developed an "AI toolkit" that includes various AI-driven solutions to assist manufacturers and dealers in improving efficiency and reducing costs, emphasizing that AI enhances rather than replaces human efforts [2]. - Autohome's self-developed Cangjie model has outperformed general models in automotive knowledge assessments, achieving a score of 72.96, which is 13.63 points higher than the second place, thanks to its extensive data analysis capabilities [3]. Group 2: Global Expansion and O2O Ecosystem - Autohome is addressing the challenges of electric vehicle accessibility by establishing a network of "space stations and car exhibitions" across over 200 cities, facilitating a seamless online-to-offline (O2O) experience for consumers [4]. - The company has launched its overseas website, covering countries such as Thailand, Saudi Arabia, the UK, Australia, and Brazil, providing comprehensive information on Chinese automotive brands to international users [5]. - Autohome aims to eliminate information barriers for overseas users regarding Chinese vehicles and provide robust digital support for Chinese brands entering foreign markets, evidenced by a 40% improvement in user profiling accuracy for a domestic brand in the Middle East [5]. Group 3: Strategic Transformation Goals - The ultimate goal of Autohome is to become the "intelligent hub" of the automotive industry, transitioning from a media platform to a comprehensive automotive technology ecosystem, and redefining the concept of the automotive ecosystem [6].

Core Viewpoint - The automotive industry is undergoing a deep adjustment period, and the "818 Global Car Purchase Festival" organized by Autohome is injecting vitality into the sector through "real benefits and real subsidies" and "AI innovation" [1] Group 1: AI Empowerment - Autohome is fully advancing its "All in AI" strategy, focusing on intelligent car selection, purchase decision assistance, and smart marketing to create a comprehensive AI empowerment system [1][2] - The company has launched an AI smart assistant that integrates a vast database of car models, evaluations, and user feedback, providing precise recommendations based on user queries [2] - Autohome's self-developed Cangjie model has surpassed general models in understanding capabilities within the automotive vertical, achieving a score of 72.96 in the SuperCLUE evaluation, leading the automotive knowledge assessment by 13.63 points [3] Group 2: O2O Ecosystem and Global Strategy - Autohome is building an "O2O car ecosystem" and a global strategy to expand its boundaries, addressing the convenience of car viewing amid the rise of electric vehicles [5] - The company has established a network covering over 200 cities with "space stations and car exhibitions," facilitating a seamless connection from online information to offline transactions [5] - Autohome's overseas website launched on June 30, 2025, aims to eliminate information barriers for overseas users regarding Chinese car models, enhancing the accuracy of user profiles by 40% in the Middle East market [6] Group 3: Transformation and Future Goals - The company is transforming the automotive consumption decision-making process through AI and ecological collaboration, aiming to redefine the "automotive ecosystem" [7] - Autohome's ultimate goal is to become the "smart hub" of the automotive industry, transitioning from a media platform to an automotive technology ecosystem platform [7]

Core Insights - The 818 Global Car Purchase Festival by Autohome is themed "Remembering the AI Future" and aims to boost car consumption in line with national policies, providing a one-stop service for consumers from online selection to offline experience and transaction [1][2] - Autohome has allocated 30 million yuan in direct subsidies for this year's festival, combining national, local, and manufacturer subsidies to lower the purchase threshold for consumers [2] - The festival marks the 20th anniversary of Autohome, which plans to leverage partnerships with major automotive brands and platforms to enhance consumer engagement and create a win-win situation for consumers, merchants, and the platform [1][2] Industry Context - The automotive industry is undergoing a significant transformation towards electrification and intelligence, with increasing competition in the traditional fuel vehicle market leading to price wars and declining profits for manufacturers [2] - Consumer purchasing decisions are becoming more cautious due to macroeconomic pressures, prompting Autohome to implement purchase subsidies to stimulate demand and assist manufacturers in managing inventory [2] Technological Advancements - Autohome is implementing an "All in AI" strategy to enhance the car buying experience, utilizing AI assistants for 24/7 consumer inquiries and innovative technologies for product visualization [3] - The company has developed five AI-driven marketing products that create a comprehensive marketing loop, significantly improving marketing efficiency for manufacturers [3][4] Global Expansion - Autohome's overseas version launched on June 30, 2023, aims to connect Chinese automotive brands with international markets, covering key regions such as Asia, Europe, Oceania, and South America [4][5] - The festival also serves as a platform to showcase Chinese automotive brands to the global audience, enhancing their international market presence [5] Strategic Importance - The 818 Global Car Purchase Festival is positioned as a key infrastructure and innovation engine for the high-quality development of the Chinese automotive industry, emphasizing technology empowerment, consumption upgrades, and global brand expansion [5]

Core Viewpoint - The company has extended its share repurchase plan until December 31, 2025, following the approval of its board of directors [1] Group 1: Share Repurchase Plan - As of August 8, 2025, the company has repurchased 5.4226 million American Depositary Shares at a total cost of approximately $144 million [1] - The proposed repurchase may occur through various methods including open market transactions, private negotiations, block trades, and other legally permitted means, depending on market conditions [1] - The board will regularly review the extended share repurchase plan and may adjust its terms and scale, or suspend or terminate the plan [1] Group 2: Financial Strategy - The company plans to utilize existing funds for the share repurchase [1]

取决于市场状况并根据适用的规则及法规，公司通过延长股份回购计划的拟议回购可能不时按现行市价 透过公开市场交易、私下协商交易、大宗交易及╱或透过其他法律允许的方式进行。董事会将定期审查 批准延长的股份回购计划，并可能批准调整其条款及规模，或暂停或终止该计划。公司计划利用现有资 金进行回购。 汽车之家-S(02518)发布公告，于北京时间2025年8月14日，公司宣布其董事会已批准将股份回购计划期 限延长至2025年12月31日。截至2025年8月8日，公司已回购542.26万份美国存托股，总成本约为1.44亿 美元。 ...