2013年5月4日李想的《创业初期，是什么决定了输赢》的演讲是前具身智能时代李想最好的两场演讲 之一是因为清晰解释了汽车之家为什么能赢。 正是汽车之家的成功，才让李想有机会进入智能车创业的入场券门槛。 站在2026年2月来看，全新的新势力要想拿到入场券的门槛是一把手具备投1亿美金到自己公司的实 力。 汽车之家能拿行业90%利润靠的是扎扎实实做好基本功，不关注竞争，只关注用户价值。以访问量为 北极星指标，用三年时间，打了三场站做好实拍图片； 每天早上，周末，重大节假日更新；参加厂 商活动后不管多晚当天更新这三件事就访问量第一了。 先把基本功做好这点也体现在理想车机与AI眼镜上，范浩宇认为车机三要素是先流畅，再便捷，再 是丰富。目前理想车机比其他车机好的地方，更多是流畅和便捷，之后学豆包手机后预期可以丰富维 度领先。 目前众多AI眼镜中，基本只有理想AI眼镜先做到了体感足够轻让人能够久戴（不光是绝对重量，还 有重心的控制），做到续航足够长，从而成为一个高可用的always on的产品，在这些基础上才做增 量功能。这些都靠的是实实在在的基本功。 在李想已经告诉友商，每天早上，周末，重大节假日更新很重要的前提下，在2 ...

Group 1 - The company has announced a "2026 New Retail Strategy" aiming to establish 1,000 new retail franchise stores across eight major regions in China to enhance the integration of online and offline digital ecosystems [3] - Collaboration with Haier Group and Kataychi is expected to further unlock value and strengthen the "content + transaction + service" closed-loop, enhancing cross-scenario collaboration capabilities [4] - As of Q3 2025, the company reported a net revenue of 1.778 billion yuan and a net profit of 436.6 million yuan, with a cash dividend of 1.20 USD per American Depositary Share (ADS), indicating strong cash flow [5] Group 2 - The online marketing and other business revenues grew by 32.1% year-on-year, with the new retail business becoming a major growth driver, while traditional media service revenues face competitive pressure [5] - As of September 2025, the daily active users on mobile platforms reached 76.56 million, reflecting the effectiveness of content ecosystem development with a year-on-year growth of 5.1% [7] - The automotive industry policies in 2026, such as trade-in subsidies and new national standards for battery safety, may indirectly impact the business environment, necessitating attention to the policies' effects on consumer demand [6]

头图｜AI生成 今年春节，陈不乐自驾返乡的副驾上，多了一位新家人，他的爱宠"兔子"，一只可爱的柯基犬。 从绍兴到上海，陈不乐一路上为小狗采买年货、体验高速服务区携宠避坑指南、感受上海豫园百年灯 会，四小时车程，体验到了最地道的江南年味。家中等待的父母，所有的不安和焦灼，也在见到陈不 乐和毛茸茸的兔子时，瞬间消散。这个春节，全家人在毛孩子的陪伴中温馨开场了。 携宠返乡，当代年轻人的过年新时尚，对陌生世界感到好奇的毛孩子，给返乡旅程增添了发现的新鲜 感和不同视角体验生活的乐趣，回到家后，给长辈们的陪伴和快乐也能乘以二。 陈不乐的春节旅程有点新，@玩车指南-冼业湛的春节则有点暖。 没有一只鸡可以活着离开广东，更没有一头猪能逃得过粤西的春节，在年味儿最浓的地方之一粤西， 冼业湛 用镜头记录了杀年猪（太公分猪肉）、白额春联、年炮等地方特色，从这些沿袭自农耕社会 的独特春节文化中， 冼业湛 追忆儿时、展望未来。 无论携宠返乡，还是追忆过去，不同的外衣下，春节独具的情感价值没有变。尽管有人说年味儿越来 越淡了，有人说路途奔波有归途焦虑，但当坐进驾驶位发动汽车的瞬间，回家团圆的美好仍旧无法取 代。 关于春节，每个人有每个人的 ...

Core Insights - The company is accelerating its "2026 New Retail Strategy," aiming to establish 1,000 new retail franchise stores across eight major regions in China and is initiating talent recruitment for its "E-commerce Combat Organization" to deepen its transformation into a digital ecosystem platform [1] Group 1: Strategic Initiatives - The collaboration with Haier Group and Kataychi is expected to further unlock value, focusing on the construction of a closed-loop system centered around "content + transaction + service," aiming to enhance cross-scenario collaboration capabilities [2] Group 2: Financial Performance - In Q3 2025, the company achieved a net revenue of 1.778 billion yuan and a net profit of 436.6 million yuan, distributing a cash dividend of 1.20 USD per American Depositary Share (ADS). Online marketing and other business revenues grew by 32.1% year-on-year, with the new retail business becoming a growth engine, although media service revenue faces competitive pressure [3] Group 3: Industry Policies and Environment - The 2026 automotive industry policies, such as the old-for-new subsidy and the implementation of new national standards for battery safety, may indirectly impact the business environment for the company [4]

Core Viewpoint - The company, Autohome Inc. (02518.HK), will hold a board meeting on March 5, 2026, to approve its unaudited financial results for the three months and the full year ending December 31, 2025 [1] Group 1 - The board meeting is scheduled for Thursday, March 5, 2026, Hong Kong time [1] - The meeting will include discussions on the company's financial performance for the three months and the full year ending December 31, 2025 [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。 承董事會命 Autohome Inc. 董事及首席執行官 劉斥先生 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） Autohome Inc.（「本公司」）董事會（「董事會」）將於2026年3月5日（星期四）（香港時間）舉行 董事會會議，並將於會上批准本公司及其附屬公司截至2025年12月31日止三個月及全年 的未經審計財務業績及公告（「業績」）等議案。本公司將於2026年3月5日（星期四）（香港 時間）香港聯合交易所有限公司交易時段後及美國股市開市前於香港聯合交易所有限公 司網站https://www.hkexnews.hk及本公司網站https://ir.autohome.com.cn公佈該業績。 註冊鏈接：https://register-conf.media-server.com/register/BIdfc55c5793964417869b4d3 ...

Core Viewpoint - Autohome Inc. will announce its financial results for the fourth quarter and full year of 2025 on March 5, 2026, before U.S. markets open [1] Group 1: Financial Results Announcement - The financial results will cover the period ending December 31, 2025 [1] - An earnings conference call is scheduled for March 5, 2026, at 7:00 AM U.S. Eastern Time [1] - Participants must register in advance to receive dial-in numbers and a personal PIN for the conference call [1] Group 2: Company Overview - Autohome Inc. is a leading online platform for automobile consumers in China, providing a wide range of content and services related to the automotive industry [1] - The company offers various types of content, including occupationally-generated, professionally-generated, user-generated, and AI-generated content [1] - Autohome's services include dealer subscriptions, advertising, sales leads, data analysis, and marketing services to enhance efficiency for automakers and dealers [1] - The company operates "Autohome Mall," a full-service online transaction platform, and provides additional services such as auto financing, insurance, used car transactions, and aftermarket services [1]

Core Viewpoint - The company is accelerating its 2026 strategy focusing on new retail and ecosystem collaboration, marking a significant shift towards a digital ecosystem platform that integrates online and offline services [1] Group 1: Company Project Advancement - In February 2026, the company announced its "2026 New Retail Strategy," aiming to establish 1,000 new retail franchise stores across eight major regions within a year to enhance automotive consumer services [2] - The strategy signifies a deepening transition from a vertical media company to a digital ecosystem platform [2] Group 2: Business and Technology Development - The company continues to integrate artificial intelligence with its O2O strategy, with online marketing and other business revenues increasing by 32.1% year-on-year in Q3 2025, making new retail a key growth driver [3] - Future collaborations with Haier Group and Kartach are expected to further unlock ecosystem value [3] Group 3: Financial Status - In Q3 2025, the company reported a net revenue of 1.778 billion yuan and a net profit of 436.6 million yuan, while also distributing a cash dividend of 1.20 USD per American depositary share [4] - The company signals strong cash flow through high dividends and stock buybacks [4]

Group 1 - MSCI announced its quarterly index adjustments for February 2026, effective after the market close on February 27 [2][3] - The MSCI Global Small Cap Index will include 21 new stocks from the China region, such as Anjuke Food (603345), AutoHome (ATHM.US), and Baiaosaitu (02315) [2][3] - The adjustments also include the addition of stocks from Hong Kong, such as Champion REIT (02778) and Longjiang Life Science Technology (00755) [3][4] Group 2 - Stocks removed from the MSCI Global Small Cap Index include Yasheng Service (03319), BOE Technology Group (00710), and Chaince Digital (CD.US) [2][3] - In Hong Kong, stocks like Cafe de Coral (00341) and SuperX AI (SUPX.US) were also removed from the index [4]

智通财经APP获悉，2月11日，国际指数编制公司MSCI(明晟公司)公布了其2026年2月的指数季度调整结 果，本次调整将于2月27日收盘后生效。其中，MSCI全球小盘股指数于中国地区纳入安井食品 (02648)、汽车之家(ATHM.US)、百奥赛图(02315)、布鲁可(00325)、中国通信服务(00552)、中国罕王 (03788)等21只个股。 | 同时剔除雅生活服务(03319)、京东方精电(00710)、建发国际集团(01908)、ChainceDigital(CD.US)等11 | | --- | | 只个股。 | 此外，MSCI全球小盘股指数于中国香港地区纳入冠君产业信托(02778)、长江生命科技(00755)、富卫集 团(01828)、鹰普精密(01286)、德翔航运(02510)。同时剔除大家乐集团(00341)、德林国际(01126)、 SuperX AI(SUPX.US)。 | 纳入 | 剔除 | | --- | --- | | 冠君产业信托(02778) | 大家乐集团(00341) | | 长江生命科技(00775) = | 德林国际(01126) | | 富卫集团(01828) ...