Core Viewpoint - In the second quarter of 2025, the company reported total revenue of 1.76 billion RMB and an adjusted net profit of 476 million RMB, with online marketing and other revenues growing by 20.5% year-on-year [1] Group 1: Financial Performance - Total revenue for Q2 2025 was 1.76 billion RMB, with an adjusted net profit of 476 million RMB [1] - Online marketing and other revenues increased by 20.5% compared to the previous year [1] Group 2: Strategic Initiatives - The company is advancing its O2O strategy and accelerating AI technology integration for product innovation and user decision-making efficiency [1] - A new content matrix focusing on new car launches has been established, significantly enhancing user awareness and engagement [3] Group 3: International Expansion - The company showcased its global strategy during the Hong Kong Auto Show with a 6-hour bilingual live broadcast, highlighting its innovations in AI and VR [5] - The launch of the overseas website includes data on over 1,900 models from 52 Chinese automotive brands, marking a significant step in its international strategy [5] Group 4: Ecosystem Collaboration - The company is deepening its traffic alliance strategy through multi-platform collaborations, enhancing brand influence and user engagement [7] - Daily active mobile users reached 75.74 million in June, reflecting an 11.5% year-on-year growth [7] Group 5: New Retail and Technology Integration - The new retail business aims to create a one-stop O2O automotive ecosystem, enhancing the consumer experience through technology [8] - AI-driven tools are being utilized to streamline the marketing chain and improve service efficiency in the used car sector [12][14] Group 6: Future Outlook - The company aims to leverage technology and ecosystem collaboration to enhance service efficiency and expand its business boundaries [14] - The focus remains on becoming a leading global platform for automotive information and transaction services [14]

Financial Data and Key Metrics Changes - Net revenues for the second quarter were 1,676 million, with media services revenues at 279 million, leads and recent services revenues at 733 million, and online marketplace and other revenues at 746 million, reflecting a 20.5% year-over-year increase [16] - Cost of revenue in the second quarter was 503 million compared to 346 million in 2024, resulting in a gross margin of 71.5%, down from 81.5% in the same period last year [17] - Operating profit was 297 million in the second quarter, down from 412 million in the same period of 2024, while adjusted net income attributable to Autohome was 476 million compared to 572 million in the corresponding period of 2024 [18] - Non-GAAP basic and diluted earnings per share were both 1.01, compared to 1.18 in the corresponding period of 2024 [18] - As of June 30, 2025, cash, cash equivalents, and short-term investments totaled 22,050 million [19] Business Line Data and Key Metrics Changes - Total revenues from the new retail business increased by 27% year-over-year [13] - The number of new retail franchise stores surpassed 200, expanding service coverage [7] - The average mobile daily active users reached 75.74 million in June 2025, up by 11.5% from the same period last year [12] Market Data and Key Metrics Changes - The auto market is experiencing a price war, but prices have begun to stabilize since July, which is expected to positively impact the industry [30] - NEV (New Energy Vehicle) exports increased by 48% year-over-year, indicating strong overseas expansion by Chinese automakers [32] - The overall Chinese auto export is expected to reach around 7 million units this year, with potential growth to 10 million units in the next one to two years [37] Company Strategy and Development Direction - The company is focusing on AI-driven product innovation and enhancing the automotive consumer experience through technology [6] - Autohome aims to deepen the deployment of its automotive ecosystem by capitalizing on trends of electrification, intelligence, and globalization [9] - The company is committed to building a comprehensive automotive service ecosystem and enhancing its brand influence through strategic partnerships [8] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about the media services business in the second half of the year, anticipating increased advertising budgets from OEMs during peak seasons [25][26] - The company expects the auto market to stabilize and recover, with a focus on quality over quantity in response to the price war [43] - The secondhand vehicle market is projected to recover as car ownership increases and policies improve, with a forecasted 6.5% year-over-year increase in secondhand vehicle sales [48] Other Important Information - The company has launched an international version of its website, featuring over 1,900 vehicle models from 52 Chinese automobile brands [9] - Autohome has initiated a new share repurchase program, allowing for the repurchase of up to 200 million USD of its shares [19] Q&A Session Summary Question: Media services revenue trend for the second half - Management expects the media service business to improve in the second half due to stabilization in OEM pricing and increased advertising budgets during peak seasons [25][26] Question: Outlook on the auto market for 2025 and shareholder return plans - Management noted that the auto market is stabilizing, with a focus on AI technology and global expansion, and confirmed a cash dividend payout of no less than 1,500 million for the year [30][39] Question: Competition in the second half and used car market recovery - Management indicated that competition is expected to normalize, with a gradual recovery in the used car market as consumer interest grows and policies improve [42][48] Question: Progress on NEV business and data products - The number of franchise stores has exceeded 200, and the company is enhancing its AI capabilities and product offerings to improve customer experience and operational efficiency [52][54]

Financial Data and Key Metrics Changes - Net revenues for the second quarter were 1,676 million, with a year-over-year increase of 20.5% [19] - Media services revenues were 279 million, leads and recent services revenues were 733 million, and online marketplace and other revenues were 746 million [19] - Gross margin in the second quarter was 71.5%, down from 81.5% in the same period last year [20] - Operating profit was 297 million, compared to 412 million for the same period in 2024 [21] - Adjusted net income attributable to the company was 476 million, compared to 572 million in the corresponding period of 2024 [21] - Cash, cash equivalents, and short-term investments totaled 22,050 million as of June 30, 2025 [22] Business Line Data and Key Metrics Changes - Total revenues from the new retail business increased by 27% year-over-year [15] - The number of new retail franchise stores surpassed 200, expanding service coverage [8] - Average mobile daily active users reached 75.74 million in June 2025, up by 11.5% from the same period last year [14] Market Data and Key Metrics Changes - The auto market is experiencing a price war, but prices have begun to stabilize since July [32] - New energy vehicle (NEV) exports increased by 48% year-over-year, indicating strong overseas expansion [33] - The overall Chinese auto export is expected to reach around 7 million units this year, with potential growth to 10 million in the next one to two years [39] Company Strategy and Development Direction - The company is focusing on AI-driven product innovation and enhancing the automotive consumer experience through technology [7] - Plans to deepen the deployment of the automotive ecosystem by capitalizing on trends of electrification, intelligence, and globalization [11] - The company aims to build a comprehensive user engagement network through strategic collaborations with leading platforms [9] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about the media service business in the second half of the year, expecting OEMs to invest more in advertising budgets [28] - The company anticipates a gradual recovery in the auto market, with government policies supporting stabilization [32] - The used car market is expected to recover as car ownership increases and average car age remains at 6.8 years [47] Other Important Information - The company has launched an international version of its website, featuring over 1,900 vehicle models from 52 Chinese automobile brands [10] - A new share repurchase program was authorized, allowing the company to repurchase up to 200 million USD of its shares [22] Q&A Session Summary Question: What is the outlook for media services revenue in the second half? - Management expects a bullish trend in media services due to OEMs gradually recovering and increasing advertising budgets during peak seasons [28] Question: What is the outlook for the auto market in 2025 and updates on shareholder return plans? - Management noted that the auto market is stabilizing, with a focus on AI technologies and global expansion. The cash dividend payout will remain no lower than 1.5 billion for the year [41] Question: How does management view competition in the second half and the recovery of the used car industry? - Management indicated that competition is expected to normalize due to government policies, and the used car market may recover as consumer interest increases [47][51] Question: What progress has been made in the NEV business and data products? - The company has exceeded 200 franchise stores and is enhancing AI functionalities in its offerings. Future plans include integrating AI technologies to improve customer experiences [56][58]

Performance Updates - 开拓药业-B (09939.HK) has completed patient enrollment for the Phase III clinical trial of KX-826 solution for androgenetic alopecia in adult males in China [2] - 李氏大药厂 (00950.HK) has received approval from the National Medical Products Administration for Socazolimab to be used in combination with chemotherapy for first-line treatment of extensive-stage small cell lung cancer in mainland China [2] - 恒瑞医药 (01276.HK) has received approval for clinical trials of SHR-8068 injection, Adebali monoclonal antibody injection, and Bevacizumab injection [2] - 恒瑞医药 (01276.HK) has also received approval to conduct clinical trials for HRS-5041, intended for prostate cancer treatment [2] - 深圳高速公路股份 (00548.HK) reported toll revenue of 106 million yuan for the outer ring project in June [2] - 大成生化科技 (00809.HK) has signed an EPC contract with Northeast Electric and Liaoning Electric for boiler renovation projects, with a maximum cost of 129.1 million yuan [2] - 小黄鸭德盈 (02250.HK) has signed a contract to develop an AI marketing system to diversify revenue sources [2] Buyback and Financing Activities - 威海银行 (09677.HK) plans to issue up to approximately 758 million domestic shares and 154 million H-shares, raising nearly 3 billion yuan [2] Financial Results - 香港电讯-SS (06823.HK) reported total revenue of 17.322 billion HKD for the first half, a year-on-year increase of 4%, with a net profit of 2.07 billion HKD, also up 4% [4] - 青岛银行 (03866.HK) reported operating revenue of 7.662 billion yuan for the first half, a growth of 7.5%, and a net profit of 3.065 billion yuan, up 16.05% [4] - 中国石油化工股份 (00386.HK) expects mid-term net profit to be between 20.1 billion and 21.6 billion yuan, a year-on-year decline of 39.5%-43.7% [4] - 汽车之家-S (02518.HK) reported total revenue of 3.212 billion yuan for the first half, a decrease of 7.75%, with a net profit of 772 million yuan, down 15.99% [4] - 绿茶集团 (06831.HK) issued a profit warning, expecting mid-term net profit to be between 230 million and 237 million yuan, a year-on-year increase of approximately 32%-36% [4] - 粤海置地 (00124.HK) issued a profit warning, expecting mid-term net profit to exceed 260 million HKD, turning from loss to profit [4] - 药师帮 (09885.HK) issued a profit warning, expecting mid-term net profit to exceed 70 million yuan [4] - 中国东方教育 (00667.HK) issued a profit warning, expecting mid-term net profit to grow by 45%-50% year-on-year [4] - 中核国际 (02302.HK) issued a profit warning, expecting mid-term revenue to increase to at least 585 million HKD, with net profit of at least 9.5 million HKD [4] - 大唐环境 (01272.HK) issued a profit warning, expecting mid-term net profit to decrease to between 350 million and 400 million yuan [4] - 长江生命科技 (00775.HK) issued a profit warning, expecting mid-term net loss of approximately 150 million HKD, turning from profit to loss year-on-year [4] - 延长石油国际 (00346.HK) issued a profit warning, expecting mid-term loss of approximately 27.9 million HKD [4]

Core Insights - The company reported a total revenue of 1.76 billion RMB and an adjusted net profit of 476 million RMB for Q2 2025 [2] - The CEO emphasized the ongoing implementation of the O2O strategy and the acceleration of AI technology to enhance product innovation and user decision-making efficiency [2] Financial Performance - Total revenue for Q2 2025 was 1.76 billion RMB, with an adjusted net profit of 476 million RMB [2] Strategic Initiatives - The company is focusing on expanding AI applications in products and services while deepening the O2O automotive ecosystem [2] - A new content matrix centered around live streaming was developed to enhance new car consumption, achieving over 160 million exposures for a specific live test event [2] International Expansion - During the Hong Kong Auto Show, the company showcased its global strategy through a 6-hour bilingual live broadcast and launched an overseas website featuring data on over 1,900 models from 52 Chinese automotive brands [3] - The company is enhancing its brand influence through a traffic alliance strategy and collaborations with platforms like Alipay [3] New Energy and Retail Business - The new retail business aims to create a one-stop O2O automotive ecosystem, with over 200 franchise stores established by the end of Q2 [4] - The company is integrating data and technology to launch five new AI-driven product lines [4] Used Car Business - The company has launched a flagship used car selection area, ensuring transparency and safety in vehicle conditions through complete inspection reports [5] - Future plans include leveraging technological innovation to expand business boundaries and enhance service efficiency [5]

Core Viewpoint - In Q2 2025, Autohome reported total revenue of 1.76 billion RMB and adjusted net profit of 476 million RMB, with online marketing and other revenues growing by 20.5% year-on-year [1] Financial Performance - Total revenue for Q2 2025 reached 1.76 billion RMB - Adjusted net profit attributed to Autohome was 476 million RMB - Online marketing and other revenues increased by 20.5% year-on-year [1] Strategic Initiatives - The CEO emphasized the ongoing implementation of the O2O strategy and the acceleration of AI technology to enhance product innovation and user decision-making efficiency [1] - Autohome is focusing on expanding AI applications in products and services, aiming to enhance the automotive consumption experience [1] Content Ecosystem Development - The company has developed a comprehensive new car content matrix centered around live streaming, significantly increasing user engagement and brand authority [1] - The "New Car First Test" program launched in June achieved over 160 million exposures through high-density live testing [1] International Expansion - Autohome showcased its global strategy during the Hong Kong Auto Show with a 6-hour bilingual live broadcast and launched an overseas website featuring data on over 1,900 models from 52 Chinese automotive brands [2] - This marks a significant breakthrough in the company's international strategy [2] Ecosystem Collaboration - The company is deepening its traffic alliance strategy through multi-platform collaborations to enhance brand influence [2] - A strategic partnership with Alipay was established to innovate car selection services and provide targeted purchase subsidies [2] User Engagement Metrics - As of June, Autohome's mobile daily active users reached 75.74 million, reflecting an 11.5% year-on-year growth [2] New Retail and O2O Ecosystem - The new retail business aims to create a one-stop O2O automotive service ecosystem, enhancing the consumer experience through technology [3] - The company is utilizing VR technology and AI-driven services to improve user trust and conversion rates [3] AI Technology Integration - Autohome has launched five major data science product lines to enhance marketing efficiency and provide intelligent solutions for partners [4] - The "AI Customer Acquisition Pioneer" product addresses user intent and streamlines lead conversion processes [4] Used Car Business Development - The company is committed to developing an integrated online and offline service system for the used car sector, ensuring transparency and reliability in vehicle conditions [5] - A flagship used car selection area has been launched, featuring stringent quality controls and comprehensive service guarantees [5] Future Outlook - Autohome aims to leverage technological innovation and ecosystem collaboration to expand its business boundaries and enhance service efficiency [5] - The company is focused on becoming a leading global automotive information and transaction service platform [5]

Core Insights - The company reported a total net revenue of RMB 1.758 billion for Q2 2025, a year-on-year decrease of 6.11% [1] - The net profit attributable to the company was RMB 416 million, down 20.79% year-on-year, with basic earnings per share at RMB 0.85 [1] - For the first half of 2025, total net revenue reached RMB 3.212 billion, a decline of 7.75% year-on-year, with net profit of RMB 772 million, down 15.99% year-on-year, and basic earnings per share at RMB 1.57 [1] Business Strategy - The CEO emphasized the ongoing implementation of the O2O strategy through efficient collaboration of online and offline resources [1] - The company is accelerating product innovation driven by artificial intelligence technology, enhancing user decision-making and helping clients improve cost efficiency [1] - The AI assistant has achieved full coverage of new and used car scenarios, with industry-leading quality in user Q&A [1] New Retail Expansion - The new retail business has significantly expanded, with the number of franchise stores exceeding 200 by the end of June, broadening the consumer base [1] - The CFO highlighted that online marketing and other business revenues grew by 20.5% year-on-year in Q2, driven by strong performance in the new retail sector [1] Future Outlook - The company plans to continue expanding the application of artificial intelligence in its products and services, deepening the O2O automotive ecosystem [1] - It aims to capitalize on key trends in the automotive industry, including electrification, intelligence, and globalization, to transform the automotive consumption experience and create greater value for users and clients [1]

Core Viewpoint - The company reported a decline in net revenue and net profit for Q2 2025, while emphasizing the ongoing implementation of its O2O strategy and the expansion of its AI-driven product innovations [1][1][1] Financial Performance - For Q2 2025, the company achieved a total net revenue of RMB 1.758 billion, a year-on-year decrease of 6.11% [1] - The net profit attributable to the company was RMB 416 million, down 20.79% year-on-year, with basic earnings per share at RMB 0.85 [1] - In the first half of 2025, total net revenue reached RMB 3.212 billion, a decrease of 7.75% year-on-year, while net profit was RMB 772 million, down 15.99%, with basic earnings per share at RMB 1.57 [1] Strategic Initiatives - The CEO highlighted the effective collaboration of online and offline resources to advance the O2O strategy and the acceleration of AI-driven product innovation to enhance user decision-making and improve client cost efficiency [1][1] - The company’s AI assistant has achieved full coverage of new and used car scenarios, with industry-leading quality in user Q&A [1] - The new retail business has expanded significantly, surpassing 200 franchise stores by the end of June, thereby broadening the consumer base [1] Future Outlook - The company plans to continue expanding the application of AI in its products and services, deepen the O2O automotive ecosystem, and capitalize on key trends in electrification, intelligence, and globalization within the automotive industry [1][1] - The CFO noted that through content matrix upgrades and innovative measures, the company has strengthened its content ecosystem and achieved steady user growth, with a 11.5% year-on-year increase in daily mobile users, reaching 75.74 million in June [1] - Online marketing and other business revenues grew by 20.5% year-on-year in Q2, driven by strong performance in the new retail business, which effectively boosted revenue from the new energy sector [1]

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） 2025 年第二季度及中期未經審計財務業績公告 我們謹此宣佈2025年第二季度未經審計財務業績，包含截至2025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」）。我們亦根據《香港聯合交易所有 限公司證券上市規則》第13.48(1)條向我們的股東提供本業績公告作為我們的2025年中期 報告。 於本公告日期，本公司董事會包括董事龍泉先生、楊嵩先生、丁珂珂女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 汽車之家公佈 2025 年第二季度及 中期未經審計財務業績 北京，2025年7月31日 — 汽車之家（紐交所代碼：ATHM，港交所代號：2518）（「汽車之 家」或「公司」），中國領先的汽車消費者在線服務平台，今天公佈其截至2025年6月30日 的三個月及 ...

Core Insights - The company reported a total revenue of 1.76 billion RMB for Q2 2025, with an adjusted net profit of 476 million RMB, reflecting a 20.5% year-on-year growth in online marketing and other revenues [1] Group 1: Financial Performance - Total revenue for Q2 2025 reached 1.76 billion RMB, with an adjusted net profit of 476 million RMB [1] - Online marketing and other revenues grew by 20.5% year-on-year [1] Group 2: Strategic Initiatives - The company deepened its brand positioning strategy around "new car premieres" and created a comprehensive content matrix centered on live streaming, which effectively stimulated new car consumption [1] - A flagship program, "New Car Premiere," launched in June, achieved over 160 million exposures through a high-density live test of five cars over five days [1] Group 3: International Expansion - During the Hong Kong Auto Show in June, the company showcased its "global layout of Chinese brands" strategy through a 6-hour bilingual live broadcast [1] - The overseas version of the company's website was launched at the end of June, featuring data on over 1,900 models from 52 Chinese automotive brands [1] Group 4: User Engagement and Technology - According to QuestMobile, the company's mobile daily active user count reached 75.74 million in June, marking an 11.5% year-on-year increase [2] - The company is developing a one-stop O2O automotive ecosystem in the new retail sector, enhancing the car buying experience through technology [2] Group 5: Digital Innovation - The company launched five major data science product lines, integrating exclusive data resources and industry-specific analysis models to enhance marketing efficiency [3] - The new AI-driven solutions aim to support intelligent decision-making, automate content production, and improve user engagement throughout the sales process [3]