Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 10 billion, representing a year-over-year growth of 25%[8] - Total revenue for the year ended December 31, 2023, was RMB 7,184,135 thousand, a decrease from RMB 6,940,828 thousand in 2022, representing a decline of approximately 11.5%[35] - Third-party revenues for 2023 were RMB 6,028,836 thousand, compared to RMB 5,743,002 thousand in 2022, indicating an increase of about 5.0%[35][36] - Net income attributable to Autohome Inc. for 2023 was RMB 1,935,310 thousand, a slight decrease from RMB 1,855,174 thousand in 2022, reflecting a decline of approximately 4.3%[35][36] - Total cost and expenses for 2023 amounted to RMB 6,310,811 thousand, up from RMB 6,020,813 thousand in 2022, marking an increase of about 4.8%[35][36] - Income before income taxes for 2023 was RMB 1,997,564 thousand, compared to RMB 1,762,846 thousand in 2022, showing an increase of approximately 13.3%[35][36] - The share of income from subsidiaries for 2023 was RMB 1,922,857 thousand, compared to RMB 1,854,834 thousand in 2022, representing an increase of about 3.7%[35][36] - Net loss attributable to noncontrolling interests for 2023 was RMB 9,901 thousand, compared to RMB 30,548 thousand in 2022, indicating a decrease of approximately 67.6%[35][36] - The total cost and expenses for 2023 included a significant intercompany revenue elimination of RMB 994,811 thousand[35] - The company reported a loss from VIEs of RMB 112,791 thousand in 2023, compared to a loss of RMB 85,283 thousand in 2022, reflecting an increase in losses[35][36] - The income tax expense for 2023 was RMB 72,155 thousand, compared to a benefit of RMB 61,780 thousand in 2022, indicating a shift from a tax benefit to an expense[35][36] User Growth and Market Expansion - User data showed a total of 50 million active users, with a 15% increase compared to the previous quarter[8] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[8] - New product launches are expected to contribute an additional RMB 1 billion in revenue over the next year[8] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth rate of 20% to 25%[9] Strategic Initiatives and Investments - A strategic acquisition of a local competitor was completed for RMB 500 million, expected to enhance market capabilities[8] - Research and development expenses increased by 30%, focusing on innovative technologies in the automotive sector[8] - Future investments will prioritize sustainable practices, aligning with the company's ESG goals[9] - The company is actively exploring new business initiatives related to new energy vehicles, including launching offline experience stores, Autohome Space, in 20 cities across the country[69] Regulatory and Compliance Risks - The board of directors emphasized the importance of compliance with regulatory requirements in mainland China[9] - The PCAOB has historically been unable to inspect registered public accounting firms in mainland China and Hong Kong, which could lead to the company being identified as a Commission-Identified Issuer under the HFCAA if this situation persists[21] - The company may be subject to additional regulatory approvals and filing requirements under the Overseas Listing Trial Measures issued by the CSRC, effective March 31, 2023, for overseas securities offerings[24] - The company faces risks related to evolving PRC laws and regulations, which could materially affect operations and the value of its securities[20] - If the PCAOB cannot inspect the auditor in the future, the company may face trading prohibitions under the HFCAA, adversely impacting investment value[23] - The company must comply with evolving regulations regarding algorithm recommendations, which could affect its ability to enhance content quality and user engagement[84] - The company is subject to complex and evolving Chinese laws and regulations regarding data privacy and cybersecurity, which may require adjustments to business practices[71] Financial Position and Assets - Total current assets reached RMB 25,524,988 thousand, with cash and cash equivalents amounting to RMB 23,675,501 thousand[38] - Total assets increased to RMB 30,835,731 thousand, reflecting a significant growth compared to the previous year[41] - Shareholders' equity totaled RMB 23,414,305 thousand, demonstrating a stable equity position[38] - The company’s investment in subsidiaries and VIEs was RMB 21,017,930 thousand, showcasing significant investments in growth opportunities[38] - Deferred revenue reached RMB 801,581 thousand, indicating future revenue potential from advance customer payments[38] Competition and Market Challenges - The company faces intense competition from various automotive vertical websites, mobile applications, and traditional media, which could adversely affect its market share and growth prospects[59][61] - The decline in the auto market may lead to dealer customers canceling subscription services, directly impacting the number of dealer customers and revenue generation[69] - The company has historically benefited from the growth of the automotive industry but cannot predict future developments due to various complex factors, including economic conditions and government policies[56] Shareholder Relations and Corporate Governance - Ping An Group owns 46.4% of the total equity interest in the company, giving it substantial influence over corporate decisions[144] - In 2023, the company received services and assets from Ping An Group amounting to RMB191.4 million (approximately US$27.0 million)[145] - The company provided services to Ping An Group totaling RMB134.4 million (approximately US$18.9 million) in 2023[145] Operational Risks and Challenges - The company faces risks related to customer concentration, with a limited number of automaker customers accounting for a significant portion of revenues[89] - The company relies on third-party advertising agencies for a significant portion of its accounts receivable, which may affect liquidity and cash flows if these agencies face financial difficulties[107] - The company has no long-term cooperation agreements with advertising agencies, which may lead to a loss of advertisers if relationships are not maintained[106] - Employee misconduct could expose the company to significant legal liability and reputational harm, impacting its relationships with business partners and customers[136] Environmental, Social, and Governance (ESG) Considerations - Increased focus on environmental, social, and governance (ESG) matters may impose additional costs and affect the company's reputation and access to capital[102] - The company must continuously enhance its infrastructure and technology, including investments in artificial intelligence and big data technologies, to support expansion and new business initiatives[66]

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 ...

Core Insights - The article discusses the performance and potential of large-cap value stocks, particularly focusing on dividend yields and analyst projections for future gains [5][6][10]. Group 1: Value Ranking and Strategy - The Value Score is a composite score that evaluates stocks based on their price relative to profits, cash flows, assets, and sales, helping investors identify undervalued stocks [2]. - The Ben Graham Formula strategy emphasizes ultra-stable stocks with a strong track record of earnings and dividends, selecting large companies with favorable financial ratios [3]. Group 2: Dividend Performance - As of April 18, 2024, dividends from $1,000 investments in 54 out of 65 identified stocks met or exceeded their share prices, indicating strong dividend performance [5][11]. - The average net gain from investing in the top ten All-Star-Value stocks is estimated at 37.36% based on dividends and price appreciation [6]. Group 3: Analyst Projections - Analysts project significant net gains for top All-Star-Value stocks, with estimates ranging from 29.10% to 57.54% by April 2025 [6]. - Specific stocks like Sociedad Quimica Y Minera De Chile SA (SQM) and Vale SA (VALE) are highlighted for their strong projected returns, with SQM expected to net $575.36 and VALE $523.24 [6]. Group 4: Market Sentiment and Stock Selection - The article categorizes stocks as "dogs" based on their reliable dividends and price declines, suggesting that these stocks may offer better value compared to peers [7]. - The top ten All-Star-Value stocks represent a diverse range of sectors, with significant upside potential based on analyst price targets [9][10].

Core Viewpoint - Autohome Inc. (ATHM) shows potential for further upside, with a mean price target of $34.57 indicating a 27.3% increase from its current price of $27.15, supported by strong analyst agreement on earnings prospects [1][5]. Price Target Analysis - The mean price target consists of seven short-term estimates with a standard deviation of $6.53, indicating variability among analysts [1]. - The lowest estimate is $27, suggesting a slight decline of 0.6%, while the highest estimate predicts a 69.4% increase to $46 [1]. - A low standard deviation signifies a high degree of agreement among analysts regarding the stock's price movement direction [4]. Earnings Estimates and Analyst Sentiment - Analysts have shown increasing optimism about ATHM's earnings, with a 0.9% rise in the Zacks Consensus Estimate for the current year, reflecting two upward revisions and no negative changes [5]. - ATHM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [5]. Caution on Price Targets - While price targets are popular among investors, they can often mislead, as empirical research suggests they rarely predict actual stock price movements accurately [3][4]. - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [3].

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]

Financial Performance - In Q4 2023, Autohome's total net revenue was RMB 1,911.4 million (USD 269.2 million), a slight increase from RMB 1,893.3 million in Q4 2022[10] - The net profit attributable to Autohome in Q4 2023 was RMB 446.7 million (USD 62.9 million), down from RMB 594.1 million in the same period last year[16] - For the full year 2023, total net revenue reached RMB 7,184.1 million (USD 1,011.9 million), compared to RMB 6,940.8 million in 2022, marking a year-on-year growth[9] - The adjusted net profit for 2023 was RMB 2,159.6 million (USD 304.2 million), slightly down from RMB 2,168.3 million in 2022[9] - The net profit attributable to Autohome in 2023 was RMB 1,935.3 million (USD 272.6 million), compared to RMB 1,855.2 million in 2022, reflecting an increase of approximately 4.3%[26] - The adjusted net profit for 2023 was RMB 2,159.6 million (USD 304.2 million), slightly down from RMB 2,168.3 million in 2022, indicating a decrease of about 0.4%[29] - The operating profit for 2023 was RMB 1,137.4 million (USD 160.2 million), down from RMB 1,247.5 million in 2022, representing a decrease of about 8.8%[24] - The adjusted EBITDA for Q4 2023 was RMB 671,527, down 15% from RMB 789,460 in Q4 2022[43] - The net profit margin for Q4 2023 was 23.4%, down from 31.4% in Q4 2022[43] - The company reported a decrease in operating profit for Q4 2023 to RMB 366,714, down 28.5% from RMB 513,289 in Q4 2022[41] User Engagement and Growth - Autohome's mobile daily active users reached 68.19 million in December 2023, a 25.4% increase year-on-year, indicating effective user growth strategies[9] - The company plans to continue exploring new growth avenues and enhancing its market position in collaboration with Ping An Group[9] - Autohome Inc. is focused on enhancing user retention and brand awareness in the competitive online automotive advertising market[36] - The company anticipates growth in the Chinese online automotive advertising market, which may impact future business development[36] - Autohome Inc. is committed to ongoing product and service demand assessment to align with market acceptance[36] Expenses and Costs - Operating costs for 2023 were RMB 1,411.9 million (USD 198.9 million), up from RMB 1,235.2 million in 2022, indicating a year-over-year increase of about 14.3%[21] - The total operating expenses in 2023 amounted to RMB 4,898.9 million (USD 690.0 million), slightly higher than RMB 4,785.6 million in 2022, showing an increase of approximately 2.4%[23] - Research and development expenses in Q4 2023 were RMB 355.9 million (USD 50.1 million), up from RMB 312.9 million in Q4 2022[17] - Research and development expenses for Q4 2023 were RMB 355,924, an increase of 13.7% from RMB 312,903 in Q4 2022[41] Shareholder Returns and Stock Performance - The company completed a USD 200 million stock repurchase program by the end of 2023, enhancing shareholder returns[9] - The diluted earnings per share for the full year 2023 was RMB 3.83, compared to RMB 3.62 in 2022, reflecting a growth of 5.8%[41] Cash Flow and Assets - As of December 31, 2023, the company had cash and cash equivalents totaling RMB 23.55 billion (USD 3.32 billion) and net cash flow from operating activities of RMB 2,451.4 million (USD 345.3 million)[30] - Total assets increased from RMB 29,715,819 in 2022 to RMB 30,835,731 in 2023, representing a growth of 3.8%[45] - Cash and cash equivalents rose significantly from RMB 2,801,299 in 2022 to RMB 4,996,353 in 2023, an increase of 78.5%[45] Liabilities and Equity - Total current liabilities increased from RMB 4,058,676 in 2022 to RMB 5,075,351 in 2023, reflecting a rise of 25.0%[45] - Total liabilities grew from RMB 4,627,193 in 2022 to RMB 5,662,493 in 2023, marking an increase of 22.4%[45] - Shareholders' equity remained relatively stable, with a slight decrease from RMB 23,482,987 in 2022 to RMB 23,414,305 in 2023, a decline of 0.3%[45] Risks and Strategic Initiatives - Autohome Inc. is subject to various risks, including economic fluctuations and regulatory changes in China, which could affect its future outlook[36] - The company plans to continue its strategic initiatives to improve operational performance and financial stability[36] - The management highlighted the significance of evaluating business trends consistently across reporting periods using adjusted financial metrics[38] Communication and Reporting - Autohome Inc. will provide updates on its performance and strategies through regular SEC filings and announcements on the Hong Kong Stock Exchange[36] - The company’s investor relations team is available for inquiries to provide further insights into its financial performance and strategies[39]

Financial Performance - In Q4 2023, Autohome's total net revenue was RMB 1,911.4 million (USD 269.2 million), a slight increase from RMB 1,893.3 million in Q4 2022[10]. - The net profit attributable to Autohome in Q4 2023 was RMB 446.7 million (USD 62.9 million), down from RMB 594.1 million in the same period last year[16]. - For the full year 2023, total net revenue reached RMB 7,184.1 million (USD 1,011.9 million), compared to RMB 6,940.8 million in 2022, marking a year-on-year growth[9]. - The adjusted net profit for 2023 was RMB 2,159.6 million (USD 304.2 million), slightly down from RMB 2,168.3 million in 2022[9]. - The company reported a Q4 operating profit of RMB 366.7 million (USD 51.7 million), down from RMB 513.3 million in the same quarter of the previous year[14]. - The net profit attributable to ordinary shareholders was RMB 432.1 million (USD 60.9 million), down from RMB 580.9 million in the same period of 2022, representing a decrease of approximately 25.6%[18]. - The adjusted net profit for Q4 2023 was RMB 502.8 million (USD 70.8 million), compared to RMB 668.5 million in Q4 2022, reflecting a decline of about 25%[19]. - For the full year 2023, total revenue reached RMB 7,184.1 million (USD 1,011.9 million), an increase from RMB 6,940.8 million in 2022, marking a growth of approximately 3.5%[20]. - The operating profit for 2023 was RMB 1,137.4 million (USD 160.2 million), down from RMB 1,247.5 million in 2022, which is a decrease of around 8.8%[24]. - The net profit attributable to Autohome in 2023 was RMB 1,935.3 million (USD 272.6 million), compared to RMB 1,855.2 million in 2022, reflecting a growth of about 4.3%[26]. User Engagement and Market Strategy - Autohome's mobile daily active users reached 68.19 million in December 2023, a 25.4% increase year-on-year, indicating effective user growth strategies[9]. - The company is focused on enhancing brand awareness and user retention in the competitive online automotive advertising market[36]. - Autohome's future business development and operational strategies are subject to various risks and uncertainties, including market competition and regulatory environment[36]. - The company plans to continue expanding its market presence and exploring new strategies for growth[36]. Expenses and Investments - R&D expenses in Q4 2023 were RMB 355.9 million (USD 50.1 million), up from RMB 312.9 million in Q4 2022, reflecting ongoing investment in new technologies[17]. - Operating costs for 2023 were RMB 1,411.9 million (USD 198.9 million), up from RMB 1,235.2 million in 2022, indicating a year-over-year increase of about 14.3%[21]. - The total operating expenses in 2023 amounted to RMB 4,898.9 million (USD 690.0 million), slightly higher than RMB 4,785.6 million in 2022, showing an increase of approximately 2.4%[23]. Cash Flow and Financial Position - As of December 31, 2023, the company had cash and cash equivalents totaling RMB 23.55 billion (USD 3.32 billion) and net cash flow from operating activities of RMB 2,451.4 million (USD 345.3 million)[30]. - Total assets increased from RMB 29,715,819 in 2022 to RMB 30,835,731 in 2023, representing a growth of 3.8%[45]. - Cash and cash equivalents rose significantly from RMB 2,801,299 in 2022 to RMB 4,996,353 in 2023, an increase of 78.5%[45]. - Total current liabilities increased from RMB 4,058,676 in 2022 to RMB 5,075,351 in 2023, reflecting a rise of 25.0%[45]. - Shareholders' equity remained relatively stable, with a slight decrease from RMB 23,482,987 in 2022 to RMB 23,414,305 in 2023, a decline of 0.3%[45]. Financial Reporting and Metrics - Autohome reported adjusted net profit, excluding non-cash expenses, to provide a clearer view of operational performance[38]. - The company emphasizes the importance of adjusted EBITDA as a key financial metric for assessing business trends[38]. - Autohome's management believes that non-GAAP financial indicators are crucial for investors to understand the company's core operating performance[38]. - The company aims to maintain transparency in its financial reporting by providing reconciliations between GAAP and non-GAAP measures[38]. - The company has a dedicated investor relations team to address inquiries and provide updates on financial performance[39]. - Autohome's financial disclosures include forward-looking statements that may differ from actual results due to inherent risks[36].

Core Insights - Autohome Inc. reported solid growth in total revenues and user traffic for the year 2023, with net revenues reaching RMB7.18 billion (US$1.01 billion), a year-over-year increase of 3.5% from RMB6.94 billion in 2022 [3][4] - The company experienced a decline in net income attributable to Autohome in Q4 2023, amounting to RMB446.7 million (US$62.9 million), down from RMB594.1 million in Q4 2022 [11][12] - Autohome's adjusted net income (Non-GAAP) for 2023 was RMB2.16 billion (US$304.2 million), slightly down from RMB2.17 billion in 2022 [21][28] Financial Performance Fourth Quarter 2023 Highlights - Net revenues were RMB1,911.4 million (US$269.2 million), a slight increase from RMB1,893.3 million in Q4 2022 [2][5] - Media services revenues decreased to RMB500.5 million (US$70.5 million) from RMB610.2 million in the same period last year [5] - Leads generation services revenues increased to RMB841.5 million (US$118.5 million) from RMB786.8 million [5] - Online marketplace and others revenues rose to RMB569.5 million (US$80.2 million) from RMB496.2 million [5] Full Year 2023 Highlights - Net income attributable to Autohome was RMB1,935.3 million (US$272.6 million), up from RMB1,855.2 million in 2022 [3][20] - Media services revenues for the year were RMB1,870.8 million (US$263.5 million), down from RMB1,963.3 million [14] - Leads generation services revenues increased to RMB3,111.8 million (US$438.3 million) from RMB3,056.9 million [14] - Online marketplace and others revenues grew significantly to RMB2,201.5 million (US$310.1 million) from RMB1,920.6 million [14] Cost and Expenses - Cost of revenues for Q4 2023 was RMB367.9 million (US$51.8 million), slightly down from RMB370.6 million in Q4 2022 [6] - Operating expenses increased to RMB1,242.8 million (US$175.0 million) from RMB1,088.3 million in the same quarter last year [7] - Sales and marketing expenses rose to RMB730.1 million (US$102.8 million) from RMB672.6 million [8] Profitability Metrics - Operating profit for Q4 2023 was RMB366.7 million (US$51.7 million), down from RMB513.3 million in Q4 2022 [9] - The company reported an income tax expense of RMB127.6 million (US$18.0 million) in Q4 2023, compared to RMB76.9 million in Q4 2022 [10] - Basic and diluted earnings per share (EPS) for Q4 2023 were RMB0.89 (US$0.13), down from RMB1.18 in Q4 2022 [12] User Engagement and Growth - Autohome's mobile daily active users grew by 25.4% year-over-year to 68.19 million in December 2023, reflecting the effectiveness of its content-focused user growth strategy [4] - The online marketplace and others business segment grew by 14.6% year-over-year, contributing significantly to total revenue [4] Shareholder Returns - The company completed a US$200 million share repurchase program by the end of 2023 [4] - Autohome significantly increased its dividend payout to shareholders, demonstrating a commitment to generating returns for investors [4]

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 ...

Core Viewpoint - H World Group Limited announced a leadership change, with Ms. Jihong He stepping down as CFO to become the Chief Strategy Officer, while Mr. Jun Zou has been appointed as the new CFO effective January 2, 2024 [1][3]. Company Overview - H World Group Limited is a significant player in the global hotel industry, operating 9,157 hotels with 885,756 rooms across 18 countries as of September 30, 2023 [4]. - The company's hotel brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, and several others, along with master franchise rights for Mercure, Ibis, and Ibis Styles in the pan-China region [4]. Business Model - H World employs a mix of leased and owned, manachised, and franchised hotel models. As of September 30, 2023, 12% of hotel rooms are operated under lease and ownership, while 88% are under manachise and franchise models [5]. - The company maintains a consistent standard and platform across all its hotels, ensuring quality and service uniformity [5]. Leadership Experience - Mr. Jun Zou, the new CFO, brings over 30 years of experience in financial management and capital markets, having held CFO positions at various companies including Huawei Technologies and Shenzhen Qiqitong Technology [2]. - The CEO of H World, Mr. Hui Jin, expressed confidence in Mr. Zou's capabilities and leadership, highlighting his contributions since joining the company [3].