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AUTOHOME(ATHM) - 2023 Q4 - Annual Report
2024-04-25 10:54
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, 2023 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 SECURITIES EXCHANGE ACT OF ...
Autohome Inc. to Announce First Quarter 2024 Financial Results on May 8, 2024
Prnewswire· 2024-04-24 09:30
BEIJING, April 24, 2024 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or "the Company"), the leading online destination for automobile consumers in China, today announced that it will report its financial results for the first quarter ended March 31, 2024, before U.S. markets open on May 8, 2024. Autohome's management team will host an earnings conference call at 8:00 a.m. Eastern Time in the U.S. on Wednesday, May 8, 2024 (or 8:00 p.m. Beijing time on the same day). Please register in ...
65 Graham Value Stocks: 54 Fit To Buy For April
Seeking Alpha· 2024-04-21 15:33
damedeesoForeword About Large Cap Value A Value ranking for large cap stocks from YCharts puts together complementary strategies found during their stock research. As a value ranking, it looks at the price of a stock relative to a number of measurements that determine intrinsic firm value. Only the largest 10% of companies based on market cap are allowed in this portfolio. What it is: The Value Score is a composite score. It tells you how much you are getting in terms of profits, cash flows, assets, sal ...
Wall Street Analysts Predict a 27.33% Upside in Autohome Inc. (ATHM): Here's What You Should Know
Zacks Investment Research· 2024-02-22 15:56
Autohome Inc. (ATHM) closed the last trading session at $27.15, gaining 9.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $34.57 indicates a 27.3% upside potential.The mean estimate comprises seven short-term price targets with a standard deviation of $6.53. While the lowest estimate of $27 indicates a 0.6% decline from the current price level, the most optimistic analyst expect ...
AUTOHOME(ATHM) - 2023 Q4 - Earnings Call Transcript
2024-02-06 17:14
Financial Data and Key Metrics Changes - Total net revenues for 2023 grew by 3.5% year-over-year to RMB7.18 billion [5][18] - Adjusted net income attributable to Autohome for the year was RMB2.16 billion with an adjusted net margin of 30.1% [6][18] - Net revenues for Q4 2023 were RMB1.91 billion, with a gross margin of 80.8% compared to 80.4% in Q4 2022 [17][18] - Adjusted net income for Q4 2023 was RMB503 million, down from RMB669 million in the corresponding period of 2022 [18] Business Line Data and Key Metrics Changes - Revenues from the online marketplace and others business increased by 14.6% year-over-year, accounting for 30.6% of total revenue [5][18] - NEV business revenues increased by over 80% year-over-year, accounting for nearly 18% of total revenue [6][12] - TTP delivered a year-over-year revenue growth of over 10% [15] Market Data and Key Metrics Changes - Mobile DAUs increased by 25.4% year-over-year to reach 68.19 million in December 2023 [10] - NEV penetration rate increased from 28% in 2022 to 35% in 2023, expected to reach 40% in 2024 [25] Company Strategy and Development Direction - The company aims to enhance collaboration with Ping An Group to create a closed-loop ecosystem for car owners [8][33] - Focus on improving content quality and reinforcing Autohome as the leading authority in the automotive space [8] - Plans to expand the Autohome Energy Space stores to around 50 cities by the end of 2024 [12][43] Management Comments on Operating Environment and Future Outlook - The auto market in China is expected to stabilize in 2024 with a projected growth of 3% [25] - The company acknowledges challenges such as price wars and squeezed margins in the industry [24] - Management remains optimistic about the NEV market and its growth potential [12][25] Other Important Information - The company completed a US$200 million share repurchase program and significantly increased the dividend payout to shareholders [6][19] - Cash, cash equivalents, and short-term investments stood at RMB23.55 billion as of December 31, 2023 [19] Q&A Session Summary Question: Industry outlook for 2023 and trends for 2024 - Management noted a historical high in auto sales volume in 2023, with a 5.3% increase in passenger car sales, primarily driven by NEV cars [23] - Challenges include competitive pricing and low margins, with 50.3% of dealers suffering losses in the first half of 2023 [24] Question: Expectations for margin trends in Q1 2024 and strategies for synergies with Ping An Group - Management acknowledged a slight decline in gross margin due to increased costs from diversified content and user experience enhancements [30] - The synergy between Autohome and Ping An Group is expected to enhance service quality and create a closed-loop ecosystem for car users [33] Question: Impact of declining scale of traditional OEMs on leads generation and future dividend plans - Management indicated that traditional combustion cars still dominate sales, but the shift towards NEVs is expected to continue [37] - The company plans to maintain a dividend payout of no less than RMB1 billion from 2024 to 2026, reflecting strong financial health [41] Question: Revenue contribution and costs associated with the expansion of Energy Space stores - Management plans to open 30 new Energy Space stores in 2024, with stable costs due to a franchising model [43] - Revenue from existing stores reached RMB16 million in Q4 2023, with expectations for growth as more stores mature [44]
Autohome Inc. Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results
Prnewswire· 2024-02-06 09:30
BEIJING, Feb. 6, 2024 /PRNewswire/ -- 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 full year ended December 31, 2023. Fourth Quarter 2023 Highlights[1] Net revenues in the fourth quarter of 2023 were RMB1,911.4 million (US$269.2 million), compared to RMB1,893.3 million in the corresponding period of 2022. Net income attributable to Autohome in ...
Autohome Inc. to Announce Fourth Quarter and Full Year 2023 Financial Results on February 6, 2024
Prnewswire· 2024-01-25 09:30
BEIJING, Jan. 25, 2024 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), a leading online destination for automobile consumers in China, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2023, before U.S. markets open on February 6, 2024.Autohome's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on Tuesday, February 6, 2024 (8:00 PM Beijing Time on the same day).Please regis ...
H World Group Limited Announces the Change of Officers
Newsfilter· 2024-01-02 12:41
SHANGHAI, China, Jan. 02, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that Ms. Jihong He will step down as the chief financial officer of the Company and serve as the chief strategy officer of the Company, effective from January 2, 2024. Mr. Jun Zou, the executive vice president of the Company, has been appointed as the chief financial officer of the Company, effective from the same date. Mr. Zou has ov ...
AUTOHOME(ATHM) - 2023 Q3 - Earnings Call Transcript
2023-11-04 20:13
Financial Data and Key Metrics Changes - Net revenues for Q3 2023 were RMB1.91 billion, representing a year-over-year increase of 3.4% [17] - Adjusted net income attributable to Autohome increased by 2.3% year-over-year to RMB604 million, with an adjusted net margin of 31.7% [6][19] - Gross margin decreased to 80.4% from 82.1% in Q3 2022 [18] Business Line Data and Key Metrics Changes - Revenue from online marketplace and other businesses rose by 25.2% year-over-year, accounting for 31.4% of total revenue [6][17] - Revenue from data products grew by over 30% compared to the same period last year [6] - Media services revenues were RMB477 million, while leads generation services revenues were RMB830 million [17] Market Data and Key Metrics Changes - NEV brand revenues increased by nearly 70% year-over-year [6] - The used car trading volume in China reached 13.49 million units in the first nine months of 2023, with a trading value of RMB859.8 billion [26] Company Strategy and Development Direction - The company is focused on capitalizing on opportunities presented by NEVs and digitalization, aiming to create a one-stop ecosystem for consumers [8] - Plans to expand the Autohome Energy Space franchise stores across the country, targeting 100 cities by the end of 2025 [13][29] - Emphasis on integrating online and offline channels to support automakers in adapting to NEV trends [16] Management Comments on Operating Environment and Future Outlook - The economy is recovering, with GDP growth of 4.9% year-over-year in Q3 2023, but challenges remain in the auto industry due to cautious consumer behavior [23][25] - The used car market is expected to continue expanding, with government incentives promoting consumption [26][32] - Management remains confident in the long-term growth potential of the Chinese auto market, particularly in NEVs and used cars [27] Other Important Information - The company has a strong balance sheet with cash, cash equivalents, and short-term investments totaling RMB23.43 billion as of September 30, 2023 [20] - The share repurchase program has seen approximately $187 million utilized as of October 27, 2023 [20] Q&A Session Summary Question: Market outlook for upcoming quarters and price competition among OEMs - Management noted a slowdown in passenger vehicle retail sales growth and highlighted ongoing challenges in the auto industry, but expressed optimism about recovery due to government policies [23][25] Question: Progress of the new retail model for NEVs - Management confirmed the operation of stores in key cities and plans to build an additional 20 stores by year-end, with positive consumer feedback [28][29] Question: Used car market growth outlook and revenue expectations - Management expects the used car market to maintain a strong growth trajectory, with TTP showing resilience and profitability [32][33] Question: Strategy regarding AI and efficiency improvements - The company is leveraging AI technologies to enhance product competitiveness and customer satisfaction, including partnerships with Baidu [34][35] Question: OEM budget spending and used car market strategies - Management indicated that OEMs are likely to invest more in consumer promotions and leads generation, while the used car market is expected to see double-digit growth despite challenges [39][40] Question: Contract renewals with dealers and pricing strategy - Management clarified that price increases are not a strategy for profit gain, focusing instead on empowering dealers with more services and digital products [43]
AUTOHOME(ATHM) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
Exhibit 99.1 Autohome Inc. Announces Unaudited 2023 Third Quarter Financial Results BEIJING, November 2, 2023 – 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, 2023. Third Quarter 2023 Highlights1 • Net revenues in the third quarter of 2023 were RMB1,906.0 million (US$261.2 million), compared to RMB1,843.3 million in the correspondin ...