Exhibit 99.1 Autohome Inc. Announces Unaudited Third Quarter 2024 Financial Results BEIJING, November 6, 2024 – 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, 2024. Third Quarter 2024 Highlights 1 Mr. Tao Wu, Chief Executive Officer of Autohome, stated, "In the third quarter, we made substantial progress in advancing our integrated ...

Core Viewpoint - Autohome Inc. reported a decline in net revenues and net income for the third quarter of 2024 compared to the same period in 2023, while also announcing a cash dividend and share repurchase program to enhance shareholder value [2][3][12]. Financial Performance - Net revenues for Q3 2024 were RMB1,774.5 million (US$252.9 million), down from RMB1,906.0 million in Q3 2023, representing a decrease of approximately 6.9% [2][4]. - Net income attributable to Autohome was RMB441.3 million (US$62.9 million) in Q3 2024, compared to RMB578.3 million in Q3 2023, reflecting a decline of about 23.7% [12][14]. - Adjusted net income (Non-GAAP) was RMB497.2 million (US$70.8 million) in Q3 2024, down from RMB603.8 million in Q3 2023, a decrease of approximately 17.6% [14][22]. Revenue Breakdown - Media services revenues were RMB326.0 million (US$46.5 million) in Q3 2024, down from RMB476.9 million in Q3 2023 [5]. - Leads generation services revenues remained stable at RMB830.7 million (US$118.4 million) in Q3 2024, slightly up from RMB830.1 million in Q3 2023 [5]. - Online marketplace and others revenues increased to RMB617.8 million (US$88.0 million) in Q3 2024, compared to RMB599.1 million in Q3 2023 [5]. Cost and Expenses - Cost of revenues increased to RMB407.7 million (US$58.1 million) in Q3 2024 from RMB373.6 million in Q3 2023, primarily due to rising operational costs [7]. - Operating expenses decreased to RMB1,352.2 million (US$192.7 million) in Q3 2024 from RMB1,431.4 million in Q3 2023 [8]. - Sales and marketing expenses were reduced to RMB876.5 million (US$124.9 million) in Q3 2024 from RMB935.2 million in Q3 2023 [9]. Shareholder Returns - The board of directors approved a cash dividend of US$1.15 per ADS (or US$0.2875 per ordinary share), with an aggregate amount of approximately RMB1 billion expected to be paid around March 2025 [16][22]. - As of November 1, 2024, the company had repurchased 244,302 American depositary shares for a total cost of approximately US$6.7 million [2][16]. Strategic Developments - The CEO highlighted progress in advancing the integrated online-to-offline ecosystem strategy, with a 5.6% year-over-year growth in average mobile daily active users to 72.87 million in September 2024 [3]. - The company is expanding its offline presence through franchise stores and collaborations with Ping An Group to enhance its offerings in various automotive sectors [3].

Core Points - Autohome Inc. will report its financial results for Q3 2024 on November 6, 2024, before U.S. markets open [1] - An earnings conference call will be held at 7:00 AM U.S. Eastern Time on the same day [1] - A live and archived webcast of the conference call will be available on Autohome's investor relations website [2] Company Overview - Autohome Inc. is the leading online destination for automobile consumers in China, focusing on reducing decision-making and transaction costs in the auto industry through advanced technology [3] - The company provides a variety of content types, including occupationally generated, professionally generated, user-generated, and AI-generated content, along with a comprehensive automobile library and extensive listing information [3] - Autohome's platform allows automakers and dealers to conduct advertising campaigns and market their inventory, generating sales leads and improving efficiency [3] - The company operates "Autohome Mall," a full-service online transaction platform, and offers value-added services such as auto financing, insurance, used car transactions, and aftermarket services [3]

Core Viewpoint - Autohome (NYSE: ATHM) presents a compelling investment opportunity in China's electric vehicle (EV) market, distinct from original equipment manufacturers (OEMs) which face profitability challenges and intense competition [1][2]. Company Overview - Autohome's current stock price is $27.98, reflecting a gain of 1.97% [2]. - The company operates platforms that connect the automobile industry with consumers, providing services such as advertising, lead generation, listings, transactions, and insurance [2]. - Autohome has a dividend yield of 6.00% and a P/E ratio of 13.26, with a price target set at $28.00 [2]. Financial Performance - Autohome's revenue growth is slow, maintaining a low-single-digit pace in Q2 2024, driven by increasing user counts despite sluggish demand due to economic headwinds [3]. - Net income increased nearly 3%, while revenue grew almost 1%, indicating improved earnings performance [3]. - The company has a positive cash flow, allowing it to maintain a strong balance sheet and initiate a $200 million buyback program, representing nearly 6% of its market cap [4]. Dividend and Capital Return - Autohome's annual dividend is $1.68, with a 3-year annualized dividend growth of 30.97% and a payout ratio of 79.62% [3][4]. - The dividend is expected to be paid in two semi-annual payments through 2026, reflecting a commitment to returning capital to shareholders [4]. Market Dynamics - The Chinese automobile market is projected to experience low-to-mid-single-digit growth, primarily driven by EV sales, which are expected to grow by 15% to 20% over the next few years [2]. - The introduction of BYD's low-priced Seagull model at approximately $12,000 is anticipated to influence market dynamics significantly [2]. Institutional Interest - Institutional ownership of Autohome is strong, with institutions holding nearly 65% of the stock, including major shareholder Ping An Insurance Group, which owns about 45% [5]. - Despite a "Hold" rating from analysts, the stock shows signs of recovery, with a recent bottom at $22 and potential resistance at $27.50, with a target of $32 representing about 15% upside [5].

Core Viewpoint - The article discusses the significance of stock buybacks as a sign of corporate strength and their potential to enhance shareholder value, while noting that not all buybacks are equally effective [1]. Group 1: Rockwell Automation - Rockwell Automation announced a new $1 billion buyback authorization, increasing the existing allotment to $1.35 billion, which represents about 4.6% of its market cap [3]. - The share count for Rockwell Automation decreased by 1.2% at the end of Q3, an acceleration from the previous year's 0.75% reduction [3]. - The company has a dividend yield of 1.94% and a P/E ratio of 25.22, with a price target set at $282.80 [4]. Group 2: Helen of Troy - Helen of Troy has authorized a new $500 million share repurchase, replacing an old authorization worth only $55 million, which is about 40% of the stock [5]. - The share count was reduced by 2% in Q1 compared to the previous year, with expectations for continued repurchases [5]. - The company has a P/E ratio of 8.71 and is currently trading 18% below the lowest forecasted price target [5]. Group 3: Autohome Inc. - Autohome Inc. initiated a $200 million buyback authorization, expected to reduce the share count by 4.5% [7]. - The company has a high dividend yield of 6.23% and a P/E ratio of 12.79, with a price target of $28.00 [7]. - Institutional interest in Autohome has increased, with total holdings rising to over 64% [7].

Core Viewpoint - Autohome Inc. maintains a Buy investment rating due to attractive shareholder yield and potential positive surprises in Q3 2024 results driven by regulatory tailwinds [1] Share Buyback Program - Autohome's board approved a new share repurchase program to buy back up to $200 million worth of shares over the next 12 months, resulting in an estimated forward buyback yield of approximately 6.2% [2] - The company has around $3.2 billion in cash and investments, which is roughly equivalent to its current market capitalization of $3.21 billion, indicating sufficient capital for the buyback [2] - Current trading multiples suggest that share repurchases could be value accretive for Autohome [2] Dividend Policy - Autohome plans to distribute at least RMB1.5 billion (approximately $211 million) in dividends annually on a semi-annual basis from FY 2024 to FY 2026, translating to a 6.5% dividend yield [3] - The company's 1H 2024 normalized net profit was $147 million, indicating sufficient earnings to support the dividend payments [3] Regulatory Tailwinds - Autohome benefits from increased vehicle replacement subsidies in China, with subsidies for electric vehicles rising from RMB10,000 to RMB20,000 and for internal combustion engine vehicles from RMB7,000 to RMB15,000 [5] - The increase in subsidies is expected to boost automotive sales, as evidenced by significant sales growth reported by companies like BYD and Tesla [5] Revenue Streams - Autohome's revenue primarily comes from advertising services and lead generation services, which are likely to grow alongside increased automotive sales [5] - The company experienced a 3.4% YoY revenue growth in the first half of the year, with modest expectations for a 0.3% YoY increase in Q3 2024 [5] Market Valuation - Autohome is currently valued at depressed multiples, suggesting potential for re-rating if shareholder capital returns improve and Q3 2024 results exceed expectations [7]

Core Viewpoint - Autohome Inc. has announced a new share repurchase program, allowing the company to buy back up to US$200 million worth of its shares over the next 12 months, effective from September 4, 2024 [1][2]. Group 1: Share Repurchase Program - The new share repurchase program will enable Autohome to repurchase shares through various means, including open market transactions, privately negotiated transactions, and block trades, depending on market conditions [2]. - The Board of Directors will periodically review the share repurchase program and may adjust its terms, size, or even suspend or discontinue it [2]. - The funding for the repurchases will come from the company's existing cash balance [2]. Group 2: Company Overview - Autohome Inc. is recognized as the leading online platform for automobile consumers in China, aiming to reduce decision-making and transaction costs in the auto industry through advanced technology [3]. - The company offers a wide range of content, including occupationally generated, professionally generated, user-generated, and AI-generated content, along with a comprehensive automobile library and extensive listing information [3]. - Autohome provides services such as dealer subscriptions and advertising, enabling dealers to market their inventory and services effectively, thereby generating sales leads [3]. - The company operates "Autohome Mall," a full-service online transaction platform, and offers additional value-added services like auto financing, insurance, used car transactions, and aftermarket services [3].

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Ladies and gentlemen, thank you for standing by for AutoHome's second quarter and interim 2024 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow management's prepared remarks. As a reminder, this conference call is being recorded. If you have any objections, you may disconnect at this time. A live and archived webcast of this Earnings Conference call will also be available on Autohome's IR website. It is now my pleasure to introduce ...

Financial Data and Key Metrics Changes - In Q2 2024, Autohome's total revenues grew by 2.2% year-over-year to RMB1.87 billion, with adjusted net income attributable to Autohome at RMB572 million, resulting in an adjusted net profit margin of 30.6% [7][21][22] - Media services revenues were RMB433 million, leads generation services revenues were RMB820 million, and online marketplace and others revenues were RMB619 million, with the latter up 14% year-over-year [21] - Gross margin in Q2 2024 was 81.5%, slightly down from 82% in the same period last year [22] Business Line Data and Key Metrics Changes - Revenues from data products increased by over 15% year-over-year, while revenues from NEV (New Energy Vehicle) nearly doubled compared to the same period last year [8][18] - The innovative business lines, including the new retail business and digitalization efforts, contributed to the overall revenue growth and user engagement [9][10] Market Data and Key Metrics Changes - The average mobile daily active users (DAUs) reached 67.91 million in June, an increase of 8.3% year-over-year, solidifying Autohome's leading position in the auto media vertical [14] - The used car market faced challenges, with a 1% year-over-year drop in used car sales in June, indicating pressure from new car pricing [37] Company Strategy and Development Direction - Autohome is focusing on a user-centric approach and innovation to drive development, exploring new models of online-to-offline integration [11] - The company is expanding its new retail business through a satellite plan, establishing a network of stores in low-tier cities to enhance market reach [9][16] - Collaboration with Ping An Group aims to leverage resources for greater synergies in the automotive ecosystem [10] Management Comments on Operating Environment and Future Outlook - Management noted that the ongoing price war in the automotive market has led to significant pressures on profitability and brand value for luxury brands, prompting some to withdraw from aggressive pricing strategies [26][30] - Recent government policies aimed at promoting automobile consumption are expected to positively impact the market, with anticipated increases in NEV sales [31][34] Other Important Information - Autohome's balance sheet remains strong, with cash, cash equivalents, and short-term investments totaling RMB23.47 billion as of June 30, 2024 [23] - The company plans to maintain a dividend payout of no less than RMB1.5 billion annually from 2024 to 2026, reflecting a commitment to returning value to shareholders [45] Q&A Session Summary Question: Reasons behind luxury car brands exiting the price war and impact of government policies - Management explained that the price war has lasted over 500 days, negatively affecting sales and brand image, leading luxury brands to withdraw from aggressive pricing [26][30] - Recent government policies are expected to drive around 2 million car sales this year, benefiting the NEV business [31][34] Question: Current situation of the used car market and dealer closures - The used car market is under pressure, with a 1% drop in sales year-over-year, and many potential sellers are hesitant due to price volatility [37] - Traditional ICE dealers are facing inevitable closures, with around 5,000 stores shut down in the first half of the year, reflecting industry restructuring [41] Question: Competition from internet platforms in lead generation and potential for dividends - Management acknowledged long-term competition in lead generation and emphasized content innovation and user experience enhancement as key strategies [43] - The company has a history of increasing dividend payouts and plans to maintain a significant payout ratio moving forward [45] Question: Expansion plans for the new retail model for NEVs - Autohome has established its Space stores in 28 cities and is testing the satellite store model in five cities, aiming to enhance coverage in low-tier markets [47]