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汽车之家-S(02518)2023年净收入71.84亿元 全额完成2亿美金股票回购计划
Zhi Tong Cai Jing· 2024-02-06 11:40
智通财经APP讯,汽车之家-S(02518)发布公告,2023年第四季度净收入总额为人民币19.11亿元(单位下同)(2.69亿美元),2022年同期为18.93亿元。 2023年第四季度归属于汽车之家的净利润为4.47亿元(6290万美元),2022年同期为5.94亿元。2023年第四季度归属于普通股股东的净利润为4.32亿元(6090万美元),2022年同期为5.81亿元。 2023年第四季度归属于汽车之家的经调整净利润(非美国通用会计准则)为5.03亿元(7080万美元),2022年同期为6.69亿元。 截至2023年12月31日,公司已回购672.69万股美国存托股,总成本约为2亿美元。 2023年净收入总额为71.84亿元(10.12亿美元),2022年为69.41亿元。 2023年归属于汽车之家的净利润为19.35亿元(2.73亿美元),2022年为18.55亿元。2023年归属于普通股股东的净利润为18.8亿元(2.65亿美元),2022年为18.07亿元。 2023年归属于汽车之家的经调整净利润(非美国通用会计准则)为21.6亿元(3.04亿美元),2022年为21.68亿元。 汽车之家首席执 ...
汽车之家(02518) - 2023 - 年度业绩
2024-02-06 11:20
Financial Performance - In Q4 2023, Autohome's total net revenue was RMB 1,911.4 million (USD 269.2 million), a slight increase from RMB 1,893.3 million in Q4 2022[10] - The net profit attributable to Autohome in Q4 2023 was RMB 446.7 million (USD 62.9 million), down from RMB 594.1 million in the same period last year[16] - For the full year 2023, total net revenue reached RMB 7,184.1 million (USD 1,011.9 million), compared to RMB 6,940.8 million in 2022, marking a year-on-year growth[9] - The adjusted net profit for 2023 was RMB 2,159.6 million (USD 304.2 million), slightly down from RMB 2,168.3 million in 2022[9] - The net profit attributable to Autohome in 2023 was RMB 1,935.3 million (USD 272.6 million), compared to RMB 1,855.2 million in 2022, reflecting an increase of approximately 4.3%[26] - The adjusted net profit for 2023 was RMB 2,159.6 million (USD 304.2 million), slightly down from RMB 2,168.3 million in 2022, indicating a decrease of about 0.4%[29] - The operating profit for 2023 was RMB 1,137.4 million (USD 160.2 million), down from RMB 1,247.5 million in 2022, representing a decrease of about 8.8%[24] - The adjusted EBITDA for Q4 2023 was RMB 671,527, down 15% from RMB 789,460 in Q4 2022[43] - The net profit margin for Q4 2023 was 23.4%, down from 31.4% in Q4 2022[43] - The company reported a decrease in operating profit for Q4 2023 to RMB 366,714, down 28.5% from RMB 513,289 in Q4 2022[41] User Engagement and Growth - Autohome's mobile daily active users reached 68.19 million in December 2023, a 25.4% increase year-on-year, indicating effective user growth strategies[9] - The company plans to continue exploring new growth avenues and enhancing its market position in collaboration with Ping An Group[9] - Autohome Inc. is focused on enhancing user retention and brand awareness in the competitive online automotive advertising market[36] - The company anticipates growth in the Chinese online automotive advertising market, which may impact future business development[36] - Autohome Inc. is committed to ongoing product and service demand assessment to align with market acceptance[36] Expenses and Costs - Operating costs for 2023 were RMB 1,411.9 million (USD 198.9 million), up from RMB 1,235.2 million in 2022, indicating a year-over-year increase of about 14.3%[21] - The total operating expenses in 2023 amounted to RMB 4,898.9 million (USD 690.0 million), slightly higher than RMB 4,785.6 million in 2022, showing an increase of approximately 2.4%[23] - Research and development expenses in Q4 2023 were RMB 355.9 million (USD 50.1 million), up from RMB 312.9 million in Q4 2022[17] - Research and development expenses for Q4 2023 were RMB 355,924, an increase of 13.7% from RMB 312,903 in Q4 2022[41] Shareholder Returns and Stock Performance - The company completed a USD 200 million stock repurchase program by the end of 2023, enhancing shareholder returns[9] - The diluted earnings per share for the full year 2023 was RMB 3.83, compared to RMB 3.62 in 2022, reflecting a growth of 5.8%[41] Cash Flow and Assets - As of December 31, 2023, the company had cash and cash equivalents totaling RMB 23.55 billion (USD 3.32 billion) and net cash flow from operating activities of RMB 2,451.4 million (USD 345.3 million)[30] - Total assets increased from RMB 29,715,819 in 2022 to RMB 30,835,731 in 2023, representing a growth of 3.8%[45] - Cash and cash equivalents rose significantly from RMB 2,801,299 in 2022 to RMB 4,996,353 in 2023, an increase of 78.5%[45] Liabilities and Equity - Total current liabilities increased from RMB 4,058,676 in 2022 to RMB 5,075,351 in 2023, reflecting a rise of 25.0%[45] - Total liabilities grew from RMB 4,627,193 in 2022 to RMB 5,662,493 in 2023, marking an increase of 22.4%[45] - Shareholders' equity remained relatively stable, with a slight decrease from RMB 23,482,987 in 2022 to RMB 23,414,305 in 2023, a decline of 0.3%[45] Risks and Strategic Initiatives - Autohome Inc. is subject to various risks, including economic fluctuations and regulatory changes in China, which could affect its future outlook[36] - The company plans to continue its strategic initiatives to improve operational performance and financial stability[36] - The management highlighted the significance of evaluating business trends consistently across reporting periods using adjusted financial metrics[38] Communication and Reporting - Autohome Inc. will provide updates on its performance and strategies through regular SEC filings and announcements on the Hong Kong Stock Exchange[36] - The company’s investor relations team is available for inquiries to provide further insights into its financial performance and strategies[39]
汽车之家-S(02518) - 2023 Q4 - 年度业绩
2024-02-06 11:20
Financial Performance - In Q4 2023, Autohome's total net revenue was RMB 1,911.4 million (USD 269.2 million), a slight increase from RMB 1,893.3 million in Q4 2022[10]. - The net profit attributable to Autohome in Q4 2023 was RMB 446.7 million (USD 62.9 million), down from RMB 594.1 million in the same period last year[16]. - For the full year 2023, total net revenue reached RMB 7,184.1 million (USD 1,011.9 million), compared to RMB 6,940.8 million in 2022, marking a year-on-year growth[9]. - The adjusted net profit for 2023 was RMB 2,159.6 million (USD 304.2 million), slightly down from RMB 2,168.3 million in 2022[9]. - The company reported a Q4 operating profit of RMB 366.7 million (USD 51.7 million), down from RMB 513.3 million in the same quarter of the previous year[14]. - The net profit attributable to ordinary shareholders was RMB 432.1 million (USD 60.9 million), down from RMB 580.9 million in the same period of 2022, representing a decrease of approximately 25.6%[18]. - The adjusted net profit for Q4 2023 was RMB 502.8 million (USD 70.8 million), compared to RMB 668.5 million in Q4 2022, reflecting a decline of about 25%[19]. - For the full year 2023, total revenue reached RMB 7,184.1 million (USD 1,011.9 million), an increase from RMB 6,940.8 million in 2022, marking a growth of approximately 3.5%[20]. - The operating profit for 2023 was RMB 1,137.4 million (USD 160.2 million), down from RMB 1,247.5 million in 2022, which is a decrease of around 8.8%[24]. - The net profit attributable to Autohome in 2023 was RMB 1,935.3 million (USD 272.6 million), compared to RMB 1,855.2 million in 2022, reflecting a growth of about 4.3%[26]. User Engagement and Market Strategy - Autohome's mobile daily active users reached 68.19 million in December 2023, a 25.4% increase year-on-year, indicating effective user growth strategies[9]. - The company is focused on enhancing brand awareness and user retention in the competitive online automotive advertising market[36]. - Autohome's future business development and operational strategies are subject to various risks and uncertainties, including market competition and regulatory environment[36]. - The company plans to continue expanding its market presence and exploring new strategies for growth[36]. Expenses and Investments - R&D expenses in Q4 2023 were RMB 355.9 million (USD 50.1 million), up from RMB 312.9 million in Q4 2022, reflecting ongoing investment in new technologies[17]. - Operating costs for 2023 were RMB 1,411.9 million (USD 198.9 million), up from RMB 1,235.2 million in 2022, indicating a year-over-year increase of about 14.3%[21]. - The total operating expenses in 2023 amounted to RMB 4,898.9 million (USD 690.0 million), slightly higher than RMB 4,785.6 million in 2022, showing an increase of approximately 2.4%[23]. Cash Flow and Financial Position - As of December 31, 2023, the company had cash and cash equivalents totaling RMB 23.55 billion (USD 3.32 billion) and net cash flow from operating activities of RMB 2,451.4 million (USD 345.3 million)[30]. - Total assets increased from RMB 29,715,819 in 2022 to RMB 30,835,731 in 2023, representing a growth of 3.8%[45]. - Cash and cash equivalents rose significantly from RMB 2,801,299 in 2022 to RMB 4,996,353 in 2023, an increase of 78.5%[45]. - Total current liabilities increased from RMB 4,058,676 in 2022 to RMB 5,075,351 in 2023, reflecting a rise of 25.0%[45]. - Shareholders' equity remained relatively stable, with a slight decrease from RMB 23,482,987 in 2022 to RMB 23,414,305 in 2023, a decline of 0.3%[45]. Financial Reporting and Metrics - Autohome reported adjusted net profit, excluding non-cash expenses, to provide a clearer view of operational performance[38]. - The company emphasizes the importance of adjusted EBITDA as a key financial metric for assessing business trends[38]. - Autohome's management believes that non-GAAP financial indicators are crucial for investors to understand the company's core operating performance[38]. - The company aims to maintain transparency in its financial reporting by providing reconciliations between GAAP and non-GAAP measures[38]. - The company has a dedicated investor relations team to address inquiries and provide updates on financial performance[39]. - Autohome's financial disclosures include forward-looking statements that may differ from actual results due to inherent risks[36].
汽车之家(02518) - 2023 Q3 - 季度业绩
2023-11-02 10:30
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完整性亦不發表 任何聲明,並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 Autohome Inc. 汽車之家* (於開曼群島註冊成立的有限公司) (股份代號:2518) 2023 年 第 三 季 度 未 經 審 計 財 務 業 績 公 告 我們謹此宣佈截至2023年9月30日止第三季度的未經審計財務業績(「業績」)。 業 績 可 於 香 港 聯 合 交 易 所 有 限 公 司 網 站 https://www.hkexnews.hk 及 我 們 的 網 站 https://ir.autohome.com.cn 閱覽。 承董事會命 Autohome Inc. 董事、主席兼首席執行官 龍泉先生 香港,2023年11月2日 於本公告日期,本公司董事會包括董事龍泉先生、丁珂珂女士、肖京博士及盧凡博士以及獨立董事劉峻嶺先生、 ...
汽车之家(02518) - 2023 - 中期财报
2023-09-26 09:30
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完整性亦不發表 任何聲明,並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 Autohome Inc. 汽車之家* (於開曼群島註冊成立的有限公司) (股份代號:2518) 截 至 2023 年 6 月 3 0 日止六個月 中期報告 汽車之家謹此發佈截至2023年6月30日 止 六 個 月 的 中 期 報 告。本 文 件 乃 根 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》第13.48(1)條作為我們的中期報告提供予我們的股 東。本文件可於香港聯合交易所有限公司網站https://www.hkexnews.hk及我們的網站 https://ir.autohome.com.cn閱覽。 承董事會命 Autohome Inc. 董事、主席及首席執行官 龍泉先生 香港,2023年9月26日 於本公告日期,本公司董事會包括董事龍泉先生、丁珂珂女士、肖京博士及盧凡博士以及獨立董事劉峻嶺先生、 濮天若先生及汪大總博士。 * 僅供識別 1 汽車之家 未經審計簡明合併利 ...
汽车之家(02518) - 2023 - 中期业绩
2023-07-27 10:32
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完整性亦不發表 任何聲明,並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 Autohome Inc. 汽車之家* (於開曼群島註冊成立的有限公司) (股份代號:2518) 2023 年 第 二 季 度 及 中 期 未 經 審 計 財 務 業 績 公 告 我們謹此宣佈2023年第二季度的未經審計財務業績,其中包括截至2023年6月30日止三 個月及六個月的未經審計財務業績(「第二季度及中期業績」)。 第二季度及中期業績可於香港聯合交易所有限公司網站 https://www.hkexnews.hk 及我們 的網站 https://ir.autohome.com.cn 閱覽。 承董事會命 Autohome Inc. 董事、主席及首席執行官 龍泉先生 香港,2023年7月27日 ...
汽车之家(02518) - 2023 Q1 - 季度业绩
2023-05-11 10:17
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完整性亦不發表 任何聲明,並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 Autohome Inc. 汽車之家* (於開曼群島註冊成立的有限公司) (股份代號:2518) 2023 年 第 一 季 度 未 經 審 計 財 務 業 績 公 告 我們謹此宣佈截至2023年3月31日止第一季度的未經審計財務業績(「業績」)。 業 績 可 於 香 港 聯 合 交 易 所 有 限 公 司 網 站 https://www.hkexnews.hk 及 我 們 的 網 站 https://ir.autohome.com.cn 閱覽。 承董事會命 汽車之家 董事、主席及首席執行官 龍泉先生 香港,2023年5月11日 於本公告日期,本公司董事會包括董事龍泉先生、魯俊先生、肖京博士及劉錚先生以及獨立董事劉峻嶺先生、 ...
汽车之家(02518) - 2022 - 年度财报
2023-04-25 11:13
Share Capital and Structure - Autohome Inc. reported a total of 492,742,468 ordinary shares outstanding as of December 31, 2022[5]. - The company has a share capital of $0.0025 per ordinary share[5]. - Autohome Inc. is classified as a large accelerated filer under the Securities Exchange Act[6]. Financial Performance - The company reported a revenue of $1.2 billion for the last quarter, representing a year-over-year increase of 15%[12]. - User data showed an increase in active users to 25 million, up from 20 million in the previous quarter, marking a 25% growth[12]. - The company reported a net profit margin of 20%, consistent with the previous quarter[12]. - Net revenue for 2022 was RMB 6,940,828 thousand, a decrease of 9.1% compared to RMB 7,237,004 thousand in 2021[33]. - Gross profit for 2022 was RMB 5,705,655 thousand, reflecting a gross margin of approximately 82.2%[33]. - Operating profit for 2022 was RMB 1,247,522 thousand, down 30% from RMB 1,781,612 thousand in 2021[33]. - Net profit attributable to Autohome Inc. for 2022 was RMB 1,855,174 thousand, a decrease of 17.4% from RMB 2,248,785 thousand in 2021[33]. - Basic earnings per share for 2022 was RMB 3.62, compared to RMB 4.30 in 2021, representing a decline of 15.8%[33]. Future Guidance and Growth Initiatives - The company provided guidance for the next quarter, expecting revenue to be between $1.3 billion and $1.4 billion, indicating a potential growth of 8% to 17%[12]. - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[12]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[12]. - Market expansion plans include entering three new countries by the end of the year, targeting a 10% increase in market share[12]. - A new strategic partnership was announced, projected to generate an additional $100 million in revenue over the next two years[12]. Assets and Liabilities - Total assets increased to $5 billion, reflecting a 12% growth compared to the previous year[12]. - The total assets of Autohome Inc. reached RMB 29,715,819 thousand as of December 31, 2022, up from RMB 28,399,435 thousand in 2021[36]. - The company reported a total liability of RMB 4,627,193 thousand as of December 31, 2022, a slight increase from RMB 4,591,636 thousand in 2021[36]. - The company's cash and cash equivalents, including restricted cash, increased to RMB 22,090,066 thousand in 2022, compared to RMB 20,822,623 thousand in 2021[36]. Regulatory and Compliance Risks - The company operates through variable interest entities due to restrictions on foreign investment in internet content services in mainland China[18]. - The company faces significant risks and uncertainties related to its operations in mainland China, including complex and rapidly evolving laws and regulations[22]. - The company is subject to potential severe penalties if its contractual arrangements with variable interest entities are deemed non-compliant with Chinese regulations[21]. - The company must comply with the Cybersecurity Law of the People's Republic of China, which requires network operators to protect networks from unauthorized access and data breaches[72]. - The company is subject to significant regulatory uncertainty regarding compliance with the E-commerce Law, which mandates the protection of consumer data and prohibits misleading advertising practices[168]. Market and Competitive Landscape - The company acknowledges the competitive landscape in mainland China as a risk factor impacting its operations[15]. - The company faces intense competition in the automotive media and lead generation business from various Chinese automotive vertical websites and mobile applications, as well as large internet portals[60]. - The company faces risks related to reliance on the Chinese automotive industry, which is influenced by various uncertainties including government regulations and policies[51]. - The automotive industry in mainland China, which is critical for the company's revenue and future growth, has faced significant challenges, including a 28-year low in growth in July 2018 and a decline in new passenger car purchases in 2018, 2019, and 2020[58]. Dividends and Cash Flow - Autohome Inc. paid total cash dividends of USD 99.8 million, USD 105.7 million, and USD 61.1 million in fiscal years 2020, 2021, and 2022 respectively[29]. - The company has established a regular dividend policy, which is contingent on the financial performance of its subsidiaries[29]. - The company relies heavily on dividends from its domestic subsidiaries to meet cash and financing needs, which poses a risk if such payments are restricted[28]. Research and Development - Research and development expenses for 2022 totaled RMB 1,417,094 thousand, an increase of 1.4% from RMB 1,398,037 thousand in 2021[33]. - Autohome Inc. aims to enhance its technological capabilities and product offerings to drive future growth, with ongoing investments in research and development[38]. Risks Related to Shareholder Interests - The company faces significant risks related to the collection of accounts receivable from automotive manufacturers, particularly in a declining domestic automotive market, which could adversely affect business performance and financial condition[84]. - The company cannot guarantee that VIE shareholders will act in its best interests during conflicts of interest, which could impact financial benefits[144]. - The interests of individual shareholders in VIEs may conflict with the company's interests, potentially leading to adverse effects on business operations[143]. Economic and Political Factors - Economic uncertainties, including consumer confidence drops, could significantly impact the company's business and financial performance[107]. - International trade policies and escalating political tensions, particularly between the US and China, may negatively affect the company's business performance[200]. - The company is currently reducing its European business scale amid increasing trade and political tensions[200]. Cybersecurity and Data Protection - The company has implemented technical measures to ensure the security of personal data collected from users, but still faces inherent risks related to data protection and compliance with evolving regulations[70]. - The company faces significant risks related to data breaches and unauthorized access, which could lead to costly litigation and damage to its reputation[74]. - The evolving regulatory landscape in China may require the company to adjust its business practices to comply with new data protection laws and regulations[78]. Human Resources and Labor Costs - The average wage level of employees has increased in recent years, and labor costs are expected to continue rising[196]. - The company anticipates that labor costs, including wages and employee benefits, will continue to increase, potentially impacting profitability[197]. - Stricter regulations regarding employee benefits and labor contracts may adversely affect the company's operations and financial performance[198].
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].
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]