AUTOHOME(ATHM)

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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 ...
AUTOHOME(ATHM) - 2023 Q2 - Earnings Call Transcript
2023-07-27 16:37
Autohome, Inc. (NYSE:ATHM) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Sterling Song - IR Director Quan Long - Chairman & CEO Craig Yan Zeng - CFO Conference Call Participants Xiaodan Zhang - CICC Ritchie Sun - HSBC Thomas Chong - Jefferies Brian Gong - Citi Operator Ladies and gentlemen, thank you for standing by for Autohome's Second Quarter and Interim 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session wi ...
AUTOHOME(ATHM) - 2023 Q1 - Earnings Call Transcript
2023-05-11 19:27
Financial Data and Key Metrics Changes - Total revenue increased by 4% year-over-year to RMB1.63 billion, with adjusted net income up by 10.5% year-over-year to RMB484 million [6][20] - Adjusted net margin remained high at 31.5% [6] - Gross margin decreased to 77.8% from 82.7% year-over-year [19] Business Line Data and Key Metrics Changes - Media services revenue grew by 35.5% year-over-year to RMB361 million [18] - Revenue from new energy vehicle (NEV) brands increased by 67% year-over-year, significantly outperforming broader industry sales [13] - Lease generation services revenues were RMB681 million, while online marketplace and other revenues were RMB492 million [18] Market Data and Key Metrics Changes - Cumulative retail sales of passenger vehicles dropped by 13.4% from January to March 2023, but showed a year-over-year growth of 55.5% in April [24][25] - NEV sales increased by 22.4% year-over-year in Q1 2023, with penetration reaching 30.8% [27] Company Strategy and Development Direction - The company is focusing on a dual ecosystem strategy, enhancing user services and customer services [7] - Autohome is expanding its offline experience stores and franchise model for NEVs, aiming to enhance customer engagement and decision-making efficiency [31][32] - The company is committed to leveraging technological innovation and partnerships, such as with Baidu, to enhance its service offerings [8][41] Management Comments on Operating Environment and Future Outlook - Management noted a stabilization and recovery in the auto market, with expectations for increased consumer demand and supportive government policies [9][30] - The company anticipates continued growth in the NEV market, driven by new models and government incentives [28][29] Other Important Information - The company has a strong balance sheet with cash, cash equivalents, and short-term investments of RMB22.71 billion [20] - Autohome has repurchased approximately 3.94 million ADS for a total cost of approximately US$119 million as part of its share repurchase program [21] Q&A Session Summary Question: Structural opportunities in the auto market and NEV retail model progress - Management acknowledged a sluggish auto market in Q1 but noted signs of recovery in April, with NEV sales continuing to grow [24][25][30] - The new retail model for NEVs has gained recognition, with plans to expand franchise stores [31][32] Question: Used car business revenue growth and profitability - Despite pressures from new car price cuts, the used car business showed growth, with TTP revenue increasing by 25% year-over-year [36][37] - Management expects the used car market to grow due to rising car prices and improved synergy between used car and TTP businesses [39][40] Question: Challenges and opportunities from AIGC and large models - Management views AIGC as a tool for enhancing competitiveness and is integrating it into their ecosystem strategy [41][42] Question: Data products target and cash usage plans - The company plans to optimize existing data products and expand their client base, with a focus on new product launches [45][46] - Autohome is financially sound and aims to increase dividend payouts while exploring new investment opportunities [48][49] Question: OEM revenue growth outlook amid weak auto sales - Management believes that the auto industry is long-term and that fluctuations will not significantly impact OEMs [51] - The launch of new car models at the Shanghai Auto Show is expected to create more advertising opportunities [52][53]
AUTOHOME(ATHM) - 2023 Q2 - Quarterly Report
2023-05-11 10:06
Exhibit 99.1 LOGO Autohome Inc. Announces Unaudited 2023 Second Quarter and Interim Financial Results BEIJING, July 27, 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 and six months ended June 30, 2023. Second Quarter 2023 Highlights1 • Net Revenues in the second quarter of 2023 were RMB1,833.0 million (US$252.8 million), compared to RMB1,733.0 ...
AUTOHOME(ATHM) - 2022 Q4 - Annual Report
2023-04-24 16:00
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, 2022 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(ATHM) - 2022 Q4 - Earnings Call Transcript
2023-02-16 17:09
Autohome Inc. (NYSE:ATHM) Q4 2022 Earnings Conference Call February 16, 2023 7:00 AM ET Company Participants Sterling Song - Investor Relations, Director Quan Long - Chairman & Chief Executive Officer Craig Yan Zeng - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Ritchie Sun - HSBC Brian Gong - Citi Operator Ladies and gentlemen, thank you for standing by for Autohome's Fourth Quarter and Full Year 2022 Earnings Conference Call. At this time, all participants are in a listen- ...