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 ...

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]

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） 2023 年 第 三 季 度 未 經 審 計 財 務 業 績 公 告 我們謹此宣佈截至2023年9月30日止第三季度的未經審計財務業績（「業績」）。 業 績 可 於 香 港 聯 合 交 易 所 有 限 公 司 網 站 https://www.hkexnews.hk 及 我 們 的 網 站 https://ir.autohome.com.cn 閱覽。 承董事會命 Autohome Inc. 董事、主席兼首席執行官 龍泉先生 香港，2023年11月2日 於本公告日期，本公司董事會包括董事龍泉先生、丁珂珂女士、肖京博士及盧凡博士以及獨立董事劉峻嶺先生、 ...

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 ...

[Financial Performance](index=2&type=section&id=Financial%20Performance) [Unaudited Condensed Consolidated Statements of Profit or Loss](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Profit%20or%20Loss) In the first half of 2023, Autohome's total net revenue increased by 5.1% year-over-year to **RMB 3.367 billion**, driven by growth in media services and online marketing, with operating profit rising by 11.5% to **RMB 605 million** and net income attributable to Autohome increasing by 20.8% to **RMB 910 million**, indicating enhanced profitability Key Profit and Loss Data for H1 2023 (RMB in thousands) | Indicator | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2023 | Year-over-Year Change | | :--- | :--- | :--- | :--- | | **Total Net Revenue** | 3,204,285 | 3,366,663 | +5.1% | | **Gross Profit** | 2,670,404 | 2,696,222 | +1.0% | | **Operating Profit** | 542,487 | 604,674 | +11.5% | | **Net Income Attributable to Autohome** | 753,264 | 910,236 | +20.8% | Revenue Structure for H1 2023 (RMB in thousands) | Revenue Segment | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2023 | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Media Services | 797,363 | 893,473 | +12.1% | | Leads Services | 1,461,017 | 1,440,269 | -1.4% | | Online Marketing and Others | 945,905 | 1,032,921 | +9.2% | Net Income Per ADS for H1 2023 | Net Income Per ADS | For the Six Months Ended June 30, 2022 | For the Six Months Ended June 30, 2023 | | :--- | :--- | :--- | | Basic | 5.82 | 7.17 | | Diluted | 5.81 | 7.15 | [Unaudited Condensed Consolidated Balance Sheets](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2023, the company's total assets increased from **RMB 29.716 billion** at the beginning of the year to **RMB 30.627 billion**, and total liabilities rose from **RMB 4.627 billion** to **RMB 5.029 billion**, maintaining a robust financial position, with cash, cash equivalents, and short-term investments totaling **RMB 23.335 billion**, indicating ample liquidity Key Balance Sheet Data (RMB in thousands) | Indicator | As of December 31, 2022 | As of June 30, 2023 | Period-over-Period Change | | :--- | :--- | :--- | :--- | | **Total Current Assets** | 24,424,931 | 25,378,773 | +3.9% | | **Total Assets** | 29,715,819 | 30,627,266 | +3.1% | | **Total Liabilities** | 4,627,193 | 5,028,806 | +8.7% | | **Total Equity** | 23,482,987 | 23,917,636 | +1.8% | - The company maintains strong cash reserves, with cash and cash equivalents and short-term investments totaling **RMB 23.335 billion** as of June 30, 2023, representing **76.2% of total assets**, ensuring operational liquidity and risk resilience[9](index=9&type=chunk) [Reconciliation of Accounting Standard Differences](index=4&type=section&id=Reconciliation%20of%20Accounting%20Standard%20Differences) [Reconciliation of US GAAP to IFRS](index=4&type=section&id=Reconciliation%20of%20US%20GAAP%20to%20IFRS) This report provides a reconciliation of financial statements prepared under US GAAP to IFRS, with key adjustments primarily related to the accounting treatment of preferred shares, leases, and share-based compensation, resulting in net income for the first half of 2023 shifting from **RMB 909 million** under US GAAP to **RMB 808 million** under IFRS, and total equity adjusting from **RMB 23.918 billion** to **RMB 24.955 billion** Net Income Reconciliation for H1 2023 (RMB in thousands) | Item | Amount | | :--- | :--- | | Net income as reported under US GAAP | 908,900 | | Preferred shares adjustment | (64,555) | | Leases adjustment | (521) | | Share-based compensation adjustment | (36,304) | | **Net income as reported under IFRS** | **807,520** | Total Equity Reconciliation as of June 30, 2023 (RMB in thousands) | Item | Amount | | :--- | :--- | | Total equity as reported under US GAAP | 23,917,636 | | Preferred shares adjustment | 1,045,962 | | Leases adjustment | (8,484) | | **Total equity as reported under IFRS** | **24,955,114** | [Notes on Key Accounting Standard Differences](index=5&type=section&id=Notes%20on%20Key%20Accounting%20Standard%20Differences) This section details the three primary accounting treatment items—preferred shares, leases, and share-based compensation—that cause differences between US GAAP and IFRS, quantifying their impact on net income and shareholders' equity [Preferred Shares](index=5&type=section&id=Preferred%20Shares) Under US GAAP, preferred shares are treated as mezzanine equity, whereas under IFRS, due to the holder's redemption option, they are classified as financial liabilities measured at fair value, with changes recognized in the income statement, resulting in a **RMB 64.56 million** reduction in IFRS net income for the first half of 2023 - Accounting treatment difference: Under US GAAP, preferred shares are accounted for as mezzanine equity, while under IFRS, they are classified as financial liabilities measured at fair value, with fair value changes recognized in profit or loss[17](index=17&type=chunk) - Financial Impact: This difference resulted in a fair value change loss of **RMB 64.56 million** recognized under IFRS for the six months ended June 30, 2023[14](index=14&type=chunk)[17](index=17&type=chunk) [Leases](index=5&type=section&id=Leases) US GAAP recognizes operating lease expenses on a straight-line basis, whereas IFRS typically results in 'front-loaded' expenses, recognizing more costs in the early periods of a lease, and this difference had a minor impact on net income for the first half of 2023, reducing IFRS net income by only **RMB 0.52 million** - Expense Recognition Difference: Under US GAAP, operating lease expenses are recognized on a straight-line basis, while IFRS typically results in higher upfront expenses (front-loaded expenses)[18](index=18&type=chunk) - Financial Impact: The impact of this difference on net income for the six months ended June 30, 2023, was a relatively minor **RMB 0.52 million**[14](index=14&type=chunk)[18](index=18&type=chunk) [Share-based Compensation](index=5&type=section&id=Share-based%20Compensation) For graded vesting share-based compensation, the company opts for the straight-line method under US GAAP, whereas IFRS mandates the accelerated method for expense recognition, and this accounting difference led to a **RMB 36.30 million** reduction in IFRS net income for the first half of 2023 - Expense Recognition Difference: For graded vesting share-based compensation, the company uses the straight-line method under US GAAP, while IFRS requires the accelerated method for expense recognition[19](index=19&type=chunk)[20](index=20&type=chunk) - Financial Impact: This difference led to an additional expense of **RMB 36.30 million** recognized under IFRS for the six months ended June 30, 2023[14](index=14&type=chunk)[21](index=21&type=chunk)

Financial Data and Key Metrics Changes - Total revenues for Q2 2023 were RMB1.83 billion, representing a 5.8% year-over-year increase, marking the fourth consecutive quarter of positive growth [6][17] - Adjusted net income attributable to Autohome increased by 20.6% year-over-year to RMB569 million, with an adjusted net margin of 31.1%, up 3.8 percentage points year-over-year [7][19] - Gross margin decreased to 82% from 83.9% in Q2 2022 [17] Business Line Data and Key Metrics Changes - Online marketplace and others revenues grew by 20.4% year-over-year, driven by strong contributions from TTP and data products [6][17] - Revenue from NEV brands surged by 60% year-over-year, indicating robust growth in this segment [12] - TTP's revenue also saw significant growth, contributing to the overall performance of the used car business [15][36] Market Data and Key Metrics Changes - The penetration rate of NEVs in the passenger car market reached 32.4% by the end of June 2023, supported by government policies and marketing activities [25] - Used car sales volume in China grew by 21.3% in Q2 2023, with expectations for continued growth in the market [36] Company Strategy and Development Direction - The company is focusing on NEV and artificial intelligence as key growth areas, aiming to innovate and enhance product offerings [10][16] - Autohome is expanding its retail franchise model with the launch of Autohome Energy Space stores, aiming to provide a comprehensive service for NEV consumers [7][12] - The company is leveraging AI technology to improve operational efficiency and enhance customer service [8][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the domestic auto market in the second half of 2023, citing recovery trends and government stimulus policies [23][28] - The company anticipates structural opportunities in NEVs and used cars, with a long-term growth outlook for both segments [25][28] Other Important Information - As of June 30, 2023, the company had cash, cash equivalents, and short-term investments totaling RMB23.34 billion [19] - The share repurchase program has seen approximately 4.7 million ADS repurchased for a total cost of about US$141 million [19] Q&A Session Summary Question: Outlook for the domestic auto market in the second half of 2023 and expansion plans for the new retail model - Management noted a promising outlook for the auto market, driven by recovery from COVID-19 impacts and government stimulus policies [23][24][25] Question: Drivers behind strong DAU growth and consumption power interpretation - Management attributed DAU growth to high-quality content and targeted user engagement strategies [31][32] Question: Strategies for the used car market and TTP - Management highlighted significant growth in used car sales and TTP's profitability, emphasizing a consolidated approach to the used car ecosystem [36][38] Question: Use of cash in the coming years - Management confirmed a commitment to returning value to shareholders through dividends and share buybacks, alongside exploring other investment opportunities [39][40] Question: Current status of data products for dealers - Management reported over 20,000 paying dealers using more than 10 data products, with high penetration rates and positive feedback [42][43]

[2023 Q2 and Interim Results Summary](index=2&type=section&id=2023%E5%B9%B4%E7%AC%AC%E4%BA%8C%E5%AD%A3%E5%BA%A6%E5%8F%8A%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E6%91%98%E8%A6%81) [Performance Highlights](index=2&type=section&id=%E6%A5%AD%E7%B8%BE%E4%BA%AE%E9%BB%9E) The company achieved robust financial growth in Q2 2023 with total net revenue up 5.8% and adjusted net income increasing by 20.6%, alongside strong mobile user growth and share repurchases Key Financial Indicators for Q2 2023 | Metric | 2023 Q2 | 2022 Q2 | YoY Change | | :--- | :--- | :--- | :--- | | Total Net Revenue (Million RMB) | 1,833.0 | 1,733.0 | +5.8% | | Net Income Attributable to Autohome (Million RMB) | 504.7 | 435.0 | +16.0% | | Adjusted Net Income Attributable to Autohome (Million RMB) | 569.5 | 472.2 | +20.6% | - According to QuestMobile data, Autohome's mobile daily active users reached **62.71 million** in June 2023, a **31.7% year-over-year increase**, maintaining its leading position in automotive vertical media[5](index=5&type=chunk) - As of July 21, 2023, the company had repurchased **4,697,330 American Depositary Shares** totaling approximately **$141 million**[3](index=3&type=chunk) [Financial Performance Analysis](index=3&type=section&id=%E8%B2%A1%E5%8B%99%E6%A5%AD%E7%B8%BE%E5%88%86%E6%9E%90) Q2 2023 total revenue growth was primarily driven by online marketing and other services, while operating expenses remained stable, leading to a 13.3% increase in operating profit Q2 2023 Net Revenue Composition (Million RMB) | Revenue Category | 2023 Q2 | 2022 Q2 | YoY Change | | :--- | :--- | :--- | :--- | | Media Services | 532.0 | 530.6 | +0.3% | | Leads Services | 759.6 | 752.8 | +0.9% | | Online Marketing and Others | 541.4 | 449.6 | +20.4% | | **Total Net Revenue** | **1,833.0** | **1,733.0** | **+5.8%** | Q2 2023 Operating Expense Analysis (Million RMB) | Expense Category | 2023 Q2 | 2022 Q2 | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Sales and Marketing Expenses | 824.1 | 738.7 | +11.6% | Increased marketing and promotional activities | | General and Administrative Expenses | 91.0 | 126.6 | -28.1% | Decrease in allowance for expected credit losses | | Research and Development Expenses | 313.0 | 362.2 | -13.6% | Decrease in personnel-related expenses | | **Total Operating Expenses** | **1,228.1** | **1,227.5** | **+0.05%** | - | Q2 2023 Profit and Earnings Per Share | Metric | 2023 Q2 | 2022 Q2 | YoY Change | | :--- | :--- | :--- | :--- | | Operating Profit (Million RMB) | 341.5 | 301.3 | +13.3% | | Net Income Attributable to Ordinary Shareholders (Million RMB) | 491.2 | 423.4 | +15.9% | | Diluted Net Income Per ADS (RMB) | 3.98 | 3.38 | +17.8% | [Balance Sheet and Cash Flow](index=5&type=section&id=%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E8%A1%A8%E5%8F%8A%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F) As of June 30, 2023, the company maintained a healthy financial position with **RMB 23.34 billion** in cash, cash equivalents, and short-term investments, alongside stable operating cash flow - As of June 30, 2023, the company's total cash and cash equivalents and short-term investments amounted to **RMB 23.34 billion** (approximately **$3.22 billion**), indicating ample capital reserves[11](index=11&type=chunk) - In Q2 2023, net cash flow from operating activities was **RMB 522.0 million** (approximately **$72.0 million**)[11](index=11&type=chunk) [Business Outlook and Strategy](index=2&type=section&id=%E6%A5%AD%E5%8B%99%E5%B1%95%E6%9C%9B%E8%88%87%E6%88%B0%E7%95%A5) The company is actively advancing its "Big C-end" strategy, focusing on the new energy vehicle market and AI technology applications to drive diversified business growth through innovative offline experiences and proprietary GPT models - The company is actively advancing its "Big C-end" strategy, making steady progress in content refinement, ecosystem diversification, and panoramic traffic coverage[3](index=3&type=chunk) - For the new energy vehicle market, the company launched innovative offline promotion models, including "Caravan-style Holographic Cabins" to serve lower-tier cities and the first "Autohome Energy Station" franchise store, marking the expansion of its new retail model[3](index=3&type=chunk) - Accelerating the application of AI technology across all scenarios, the company has developed two decision-support products based on GPT models, aiming to provide more efficient services to users and clients and help partners reduce costs and increase efficiency[3](index=3&type=chunk) - Revenue from new energy vehicle brands continues to maintain strong growth momentum[5](index=5&type=chunk) [Unaudited Consolidated Financial Statements](index=9&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E8%A8%88%E5%90%88%E4%BD%B5%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) [Unaudited Condensed Consolidated Statements of Comprehensive Income](index=9&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E8%A8%88%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E5%88%A9%E6%BD%A4%E8%A1%A8) The financial statements show year-over-year growth in net revenue and net income for both Q2 and H1 2023, with Q2 net revenue at **RMB 1.833 billion** and H1 net revenue at **RMB 3.367 billion** Q2 2023 Income Statement Summary (Thousand RMB) | Item | 2023 Q2 | 2022 Q2 | YoY Change | | :--- | :--- | :--- | :--- | | Total Net Revenue | 1,833,034 | 1,732,993 | +5.8% | | Gross Profit | 1,502,807 | 1,454,129 | +3.3% | | Operating Profit | 341,509 | 301,251 | +13.4% | | Net Income Attributable to Autohome | 504,734 | 435,016 | +16.0% | H1 2023 Income Statement Summary (Thousand RMB) | Item | 2023 H1 | 2022 H1 | YoY Change | | :--- | :--- | :--- | :--- | | Total Net Revenue | 3,366,663 | 3,204,285 | +5.1% | | Gross Profit | 2,696,222 | 2,670,404 | +1.0% | | Operating Profit | 604,674 | 542,487 | +11.5% | | Net Income Attributable to Autohome | 910,236 | 753,264 | +20.8% | [Unaudited Condensed Consolidated Balance Sheets](index=11&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E8%A8%88%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E8%A1%A8) As of June 30, 2023, the company reported total assets of **RMB 30.63 billion** and total liabilities of **RMB 5.03 billion**, demonstrating strong asset strength and liquidity with substantial current assets Balance Sheet Summary (Thousand RMB) | Item | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | Cash, Cash Equivalents and Short-term Investments | 23,335,071 | 22,080,891 | | Total Assets | 30,627,266 | 29,715,819 | | Total Liabilities | 5,028,806 | 4,627,193 | | Total Autohome Shareholders' Equity | 24,373,717 | 23,888,842 | [Reconciliation of GAAP to Non-GAAP Financial Measures](index=10&type=section&id=%E7%BE%8E%E5%9C%8B%E9%80%9A%E7%94%A8%E6%9C%83%E8%A8%88%E6%BA%96%E5%89%87%E8%88%87%E9%9D%9E%E9%80%9A%E7%94%A8%E6%9C%83%E8%A8%88%E6%BA%96%E5%88%99%E8%AA%BF%E7%AF%80%E8%A1%A8) This section details the reconciliation from GAAP net income to Non-GAAP adjusted net income, with key adjustments in Q2 2023 including share-based compensation and intangible asset amortization, resulting in an adjusted net income of **RMB 569.5 million** and a **31.1%** adjusted net margin Q2 2023 GAAP to Non-GAAP Net Income Reconciliation (Thousand RMB) | Item | 2023 Q2 | 2022 Q2 | | :--- | :--- | :--- | | Net Income Attributable to Autohome (GAAP) | 504,734 | 435,016 | | Add: Share-based compensation expenses | 41,628 | 28,396 | | Add: Amortization of intangible assets resulting from business acquisitions | 10,722 | 10,722 | | Add: Loss from investment in a wealth management product | 14,532 | 4,021 | | Other adjustments and tax impact | (1,150) | (6,150) | | **Adjusted Net Income Attributable to Autohome (Non-GAAP)** | **569,466** | **472,223** | Net Margin Comparison | Metric | 2023 Q2 | 2022 Q2 | | :--- | :--- | :--- | | Net Margin (GAAP) | 27.5% | 25.1% | | Adjusted Net Margin (Non-GAAP) | 31.1% | 27.2% | [Company Information and Others](index=5&type=section&id=%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF%E5%8F%8A%E5%85%B6%E4%BB%96) [About Autohome](index=6&type=section&id=%E9%97%9C%E6%96%BC%E6%B1%BD%E8%BB%8A%E4%B9%8B%E5%AE%B6) Autohome is China's leading online automotive consumer service platform, aiming to reduce decision-making and transaction costs in the automotive industry through technology, offering comprehensive content and services for consumers, manufacturers, and dealers - The company is positioned as China's leading online automotive consumer service platform[13](index=13&type=chunk) - Its core mission is "to continuously reduce decision-making and transaction costs in the automotive industry through technology"[13](index=13&type=chunk) - Business scope includes providing comprehensive automotive content (OGC, PGC, UGC, AI content) for consumers, offering advertising, sales leads, data analytics, and marketing services for manufacturers and dealers, and operating the "Che Mall" online transaction platform, along with value-added services like auto finance, insurance, and used car services[13](index=13&type=chunk) [Conference Call Information](index=5&type=section&id=%E9%9B%BB%E8%A9%B1%E6%9C%83%E8%AD%B0%E4%BF%A1%E6%81%AF) The company has scheduled an earnings conference call for Thursday, July 27, 2023, at 8:00 AM U.S. Eastern Time, with registration and webcast details provided - The conference call is scheduled for **8:00 AM U.S. Eastern Time** (8:00 PM Beijing Time) on **July 27, 2023**[12](index=12&type=chunk) - Participants must pre-register via a designated link to obtain dial-in information, with a webcast and replay also available[12](index=12&type=chunk) [Explanation of Non-GAAP Financial Measures](index=7&type=section&id=%E9%9D%9E%E7%BE%8E%E5%9C%8B%E9%80%9A%E7%94%A8%E6%9C%83%E8%A8%88%E6%BA%96%E5%88%99%E8%B2%A1%E5%8B%99%E6%8C%87%E6%A8%99%E8%AA%AA%E6%98%8E) The company utilizes Non-GAAP financial measures such as adjusted net income and EPS to evaluate operating performance by excluding non-operating or non-cash items like share-based compensation and intangible asset amortization, providing clearer insight into core business trends - The company uses adjusted net income, adjusted net income per share, adjusted net margin, and adjusted EBITDA as supplementary Non-GAAP financial measures[15](index=15&type=chunk) - Key items excluded from Non-GAAP measures include: share-based compensation expenses, amortization of intangible assets from business acquisitions, investment gains/losses from certain wealth management products, equity method investment gains/losses, impairment of long-term investments, and related income tax effects[15](index=15&type=chunk) - The purpose of using these measures is to help investors understand the company's operating and financial performance and facilitate consistent comparisons across different reporting periods[15](index=15&type=chunk)

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]

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） 2023 年 第 一 季 度 未 經 審 計 財 務 業 績 公 告 我們謹此宣佈截至2023年3月31日止第一季度的未經審計財務業績（「業績」）。 業 績 可 於 香 港 聯 合 交 易 所 有 限 公 司 網 站 https://www.hkexnews.hk 及 我 們 的 網 站 https://ir.autohome.com.cn 閱覽。 承董事會命 汽車之家 董事、主席及首席執行官 龍泉先生 香港，2023年5月11日 於本公告日期，本公司董事會包括董事龍泉先生、魯俊先生、肖京博士及劉錚先生以及獨立董事劉峻嶺先生、 ...

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 ...