AUTOHOME(ATHM)
Search documents
汽车之家(02518) - 2022 - 年度财报

2023-04-25 11:13
Share Capital and Structure - Autohome Inc. reported a total of 492,742,468 ordinary shares outstanding as of December 31, 2022[5]. - The company has a share capital of $0.0025 per ordinary share[5]. - Autohome Inc. is classified as a large accelerated filer under the Securities Exchange Act[6]. Financial Performance - The company reported a revenue of $1.2 billion for the last quarter, representing a year-over-year increase of 15%[12]. - User data showed an increase in active users to 25 million, up from 20 million in the previous quarter, marking a 25% growth[12]. - The company reported a net profit margin of 20%, consistent with the previous quarter[12]. - Net revenue for 2022 was RMB 6,940,828 thousand, a decrease of 9.1% compared to RMB 7,237,004 thousand in 2021[33]. - Gross profit for 2022 was RMB 5,705,655 thousand, reflecting a gross margin of approximately 82.2%[33]. - Operating profit for 2022 was RMB 1,247,522 thousand, down 30% from RMB 1,781,612 thousand in 2021[33]. - Net profit attributable to Autohome Inc. for 2022 was RMB 1,855,174 thousand, a decrease of 17.4% from RMB 2,248,785 thousand in 2021[33]. - Basic earnings per share for 2022 was RMB 3.62, compared to RMB 4.30 in 2021, representing a decline of 15.8%[33]. Future Guidance and Growth Initiatives - The company provided guidance for the next quarter, expecting revenue to be between $1.3 billion and $1.4 billion, indicating a potential growth of 8% to 17%[12]. - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[12]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[12]. - Market expansion plans include entering three new countries by the end of the year, targeting a 10% increase in market share[12]. - A new strategic partnership was announced, projected to generate an additional $100 million in revenue over the next two years[12]. Assets and Liabilities - Total assets increased to $5 billion, reflecting a 12% growth compared to the previous year[12]. - The total assets of Autohome Inc. reached RMB 29,715,819 thousand as of December 31, 2022, up from RMB 28,399,435 thousand in 2021[36]. - The company reported a total liability of RMB 4,627,193 thousand as of December 31, 2022, a slight increase from RMB 4,591,636 thousand in 2021[36]. - The company's cash and cash equivalents, including restricted cash, increased to RMB 22,090,066 thousand in 2022, compared to RMB 20,822,623 thousand in 2021[36]. Regulatory and Compliance Risks - The company operates through variable interest entities due to restrictions on foreign investment in internet content services in mainland China[18]. - The company faces significant risks and uncertainties related to its operations in mainland China, including complex and rapidly evolving laws and regulations[22]. - The company is subject to potential severe penalties if its contractual arrangements with variable interest entities are deemed non-compliant with Chinese regulations[21]. - The company must comply with the Cybersecurity Law of the People's Republic of China, which requires network operators to protect networks from unauthorized access and data breaches[72]. - The company is subject to significant regulatory uncertainty regarding compliance with the E-commerce Law, which mandates the protection of consumer data and prohibits misleading advertising practices[168]. Market and Competitive Landscape - The company acknowledges the competitive landscape in mainland China as a risk factor impacting its operations[15]. - The company faces intense competition in the automotive media and lead generation business from various Chinese automotive vertical websites and mobile applications, as well as large internet portals[60]. - The company faces risks related to reliance on the Chinese automotive industry, which is influenced by various uncertainties including government regulations and policies[51]. - The automotive industry in mainland China, which is critical for the company's revenue and future growth, has faced significant challenges, including a 28-year low in growth in July 2018 and a decline in new passenger car purchases in 2018, 2019, and 2020[58]. Dividends and Cash Flow - Autohome Inc. paid total cash dividends of USD 99.8 million, USD 105.7 million, and USD 61.1 million in fiscal years 2020, 2021, and 2022 respectively[29]. - The company has established a regular dividend policy, which is contingent on the financial performance of its subsidiaries[29]. - The company relies heavily on dividends from its domestic subsidiaries to meet cash and financing needs, which poses a risk if such payments are restricted[28]. Research and Development - Research and development expenses for 2022 totaled RMB 1,417,094 thousand, an increase of 1.4% from RMB 1,398,037 thousand in 2021[33]. - Autohome Inc. aims to enhance its technological capabilities and product offerings to drive future growth, with ongoing investments in research and development[38]. Risks Related to Shareholder Interests - The company faces significant risks related to the collection of accounts receivable from automotive manufacturers, particularly in a declining domestic automotive market, which could adversely affect business performance and financial condition[84]. - The company cannot guarantee that VIE shareholders will act in its best interests during conflicts of interest, which could impact financial benefits[144]. - The interests of individual shareholders in VIEs may conflict with the company's interests, potentially leading to adverse effects on business operations[143]. Economic and Political Factors - Economic uncertainties, including consumer confidence drops, could significantly impact the company's business and financial performance[107]. - International trade policies and escalating political tensions, particularly between the US and China, may negatively affect the company's business performance[200]. - The company is currently reducing its European business scale amid increasing trade and political tensions[200]. Cybersecurity and Data Protection - The company has implemented technical measures to ensure the security of personal data collected from users, but still faces inherent risks related to data protection and compliance with evolving regulations[70]. - The company faces significant risks related to data breaches and unauthorized access, which could lead to costly litigation and damage to its reputation[74]. - The evolving regulatory landscape in China may require the company to adjust its business practices to comply with new data protection laws and regulations[78]. Human Resources and Labor Costs - The average wage level of employees has increased in recent years, and labor costs are expected to continue rising[196]. - The company anticipates that labor costs, including wages and employee benefits, will continue to increase, potentially impacting profitability[197]. - Stricter regulations regarding employee benefits and labor contracts may adversely affect the company's operations and financial performance[198].
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- ...
AUTOHOME(ATHM) - 2023 Q1 - Quarterly Report

2023-02-16 11:06
Financial Performance - Net revenues for Q4 2022 were RMB1,893.3 million (US$274.5 million), an increase of 11.8% year-over-year from RMB1,693.6 million in Q4 2021[2] - Net income attributable to Autohome in Q4 2022 was RMB594.1 million (US$86.1 million), compared to RMB267.8 million in Q4 2021, representing a growth of 121.5%[13] - For the full year 2022, net revenues were RMB6,940.8 million (US$1,006.3 million), a decrease from RMB7,237.0 million in 2021[3] - Full-year net income attributable to Autohome was RMB1,855.2 million (US$269.0 million), down from RMB2,248.8 million in 2021, reflecting market challenges[22] - Adjusted net income attributable to Autohome (Non-GAAP) was RMB2,168.3 million (US$314.4 million) in 2022, a decrease of 16.0% from RMB2,582.2 million in 2021[24] - Non-GAAP basic and diluted EPS were RMB4.34 (US$0.63) in 2022, down from RMB5.17 and RMB5.16 in 2021, representing a decline of approximately 16.1%[24] Operational Efficiency - Adjusted net income for Q4 2022 was RMB668.5 million (US$96.9 million), up from RMB468.5 million in Q4 2021, marking a 42.7% increase[15] - Operating profit for Q4 2022 was RMB513.3 million (US$74.4 million), compared to RMB176.9 million in Q4 2021, showing strong operational efficiency[11] - Adjusted EBITDA for Q4 2022 was RMB 789,460, up 290.5% from RMB 271,480 in Q4 2021[41] - The net margin for Q4 2022 improved to 31.4%, compared to 15.8% in Q4 2021[41] - Basic earnings per share for Q4 2022 were RMB 1.18, an increase from RMB 0.51 in Q4 2021[39] User Engagement - Daily active users reached 54.39 million in December 2022, a 16.1% year-over-year increase, solidifying the company's leadership in the industry[4] - The number of dealer customers for data products increased by 26% year-over-year in Q4 2022, indicating strong demand for new business initiatives[5] Shareholder Returns - The company plans to pay a minimum of RMB500 million in cash dividends starting from 2022, enhancing shareholder returns[5] - A dividend of US$0.58 per ADS (or US$0.145 per ordinary share) for fiscal year 2022 was approved, payable to shareholders of record as of March 21, 2023[28] - The Board approved a fixed annual cash dividend of at least RMB500.0 million between 2022 and 2026, subject to adjustment based on financial performance[26] - The share repurchase program authorized up to US$200 million, with approximately US$111.3 million spent to repurchase 3,686,327 ADSs as of February 10, 2023[29] Financial Position - As of December 31, 2022, the company had cash and cash equivalents and short-term investments totaling RMB22.08 billion (US$3.20 billion)[25] - Net cash provided by operating activities in 2022 was RMB2,565.1 million (US$371.9 million)[25] - Total assets increased from RMB 28,399,435 in 2021 to RMB 29,715,819 in 2022, representing a growth of 4.6%[44] - Cash and cash equivalents decreased from RMB 4,236,501 in 2021 to RMB 2,801,299 in 2022, a decline of 33.9%[44] - Total current assets rose from RMB 23,325,718 in 2021 to RMB 24,424,931 in 2022, an increase of 4.7%[44] - Total liabilities increased slightly from RMB 4,591,636 in 2021 to RMB 4,627,193 in 2022, a growth of 0.8%[44] - Total equity grew from RMB 22,339,770 in 2021 to RMB 23,482,987 in 2022, reflecting an increase of 5.1%[44] Employee Information - The company had 5,355 employees as of December 31, 2022, including 2,128 from TTP Car, Inc.[30] Business Operations - Autohome operates a comprehensive online platform for automobile consumers, providing various services including auto financing and insurance[32] - The company emphasizes the importance of non-GAAP financial measures to evaluate operating performance, with Adjusted Net Income and Adjusted EBITDA being key metrics[34]
AUTOHOME(ATHM) - 2022 Q3 - Earnings Call Transcript

2022-11-03 19:26
Financial Data and Key Metrics Changes - Total revenue for Q3 2022 was RMB 1.84 billion, up 4.5% year-over-year, with media service revenue increasing by 28% year-over-year [7][24] - Adjusted net income attributable to Autohome was RMB 590 million, reflecting a year-over-year increase of 1%, with an adjusted net margin of 32% [7][26] - Gross margin decreased to 82.1% from 84.1% in Q3 2021 [25] - Operating profit was RMB 192 million, down from RMB 365 million in the corresponding period of 2021 [26] Business Line Data and Key Metrics Changes - Media service revenue reached RMB 566 million, returning to positive year-over-year growth for the first time [10][24] - Revenue from generation services increased by 5.3% year-over-year to RMB 809 million, while online marketplace and others revenue was RMB 478 million [24] - NEV (New Energy Vehicle) revenue grew by 140.7% year-over-year, outperforming industry sales growth [19] Market Data and Key Metrics Changes - China passenger vehicle sales in Q3 2022 totaled 5.69 million units, representing a 23% year-over-year growth [8] - The NEV domestic retail penetration rate reached 31.8%, up from 21.1% year-over-year [36] - Autohome's platform accounted for around 21% of all used car transactions in China, with a 3 percentage point year-over-year growth [21] Company Strategy and Development Direction - Autohome is focusing on an ecosystem approach, consolidating resources with Ping An Group to build a one-stop platform for auto users [23] - The company is committed to leading industry-wide innovation and fostering digital transformation in the auto industry [23] - Autohome is expanding its NEV business and has unveiled its first offline store in Shanghai, with plans to increase presence in both top-tier and lower-tier cities [18] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the auto industry's recovery, citing improved sales and production in Q3 2022 [33] - The company anticipates a positive environment for development in Q4 2022, supported by government policies aimed at boosting auto consumption [34] - Management acknowledged challenges from the COVID-19 pandemic but noted that the auto market is stabilizing and showing signs of recovery [35] Other Important Information - Autohome's balance sheet remains strong with cash, cash equivalents, and short-term investments of RMB 2.34 billion as of September 30, 2022 [26] - The company has repurchased approximately 3.61 million ADS for a total cost of approximately US$106 million as part of its share repurchase program [26] Q&A Session Summary Question: What is the outlook for the auto industry in Q4 2022 and the used car market? - Management noted significant recovery in the auto industry with a 23.7% year-over-year growth in Q3, and expressed cautious optimism for Q4 [32][34] Question: How is the company addressing the used car market and its strategies for next year? - Management highlighted the establishment of a one-stop used car transaction platform and collaboration with various brands to enhance competitiveness [20][40] Question: Can management elaborate on collaborations with NetEase Music and Huawei? - Management explained that collaborations aim to enhance user experience and integrate content consumption with driving scenarios [45] Question: What are the plans for cost efficiency initiatives? - Management discussed internal and external measures to boost cost efficiency, including performance evaluations and technological enhancements in content generation [47] Question: How will the company utilize its cash reserves? - Management confirmed the continuation of the buyback plan and stable dividend payments, ensuring returns to shareholders [51]
汽车之家-S(02518) - 2022 Q3 - 季度财报

2022-11-03 11:02
Financial Performance - For Q3 2022, Autohome Inc. reported total net revenue of RMB 1,843.3 million (USD 259.1 million), a year-over-year increase of 4.5% from RMB 1,763.8 million[3]. - The net profit attributable to Autohome for Q3 2022 was RMB 507.8 million (USD 71.4 million), compared to RMB 521.7 million in the same period last year[3]. - Adjusted net profit for Q3 2022 was RMB 590.0 million (USD 82.9 million), slightly up from RMB 583.3 million year-over-year[3]. - The company's operating profit decreased to RMB 191,746 thousand in Q3 2022, down 47.5% from RMB 365,084 thousand in Q3 2021[18]. - Net profit attributable to Autohome was RMB 507,844 thousand in Q3 2022, a slight decrease of 2.5% compared to RMB 521,720 thousand in Q3 2021[18]. - Adjusted EBITDA for Q3 2022 was RMB 441,208 thousand, down 33.4% from RMB 661,998 thousand in Q3 2021[20]. - The net profit margin for Q3 2022 was 27.6%, compared to 29.6% in Q3 2021[20]. - Basic earnings per share for ordinary shares in Q3 2022 was RMB 0.99, a decrease from RMB 1.01 in Q3 2021[18]. Revenue Breakdown - Media services revenue for Q3 2022 reached RMB 555.7 million (USD 78.1 million), a significant increase of 28% compared to RMB 434.1 million in the previous year[5]. - Lead generation service revenue was RMB 809.1 million (USD 113.7 million), up from RMB 768.4 million year-over-year, driven by increased average revenue per dealer[5]. - Media services revenue in Q3 2022 was RMB 555.7 million (USD 78.1 million), up 28% year-on-year from RMB 434.1 million, driven by increased advertising spending from automakers[27]. - Lead generation service revenue for Q3 2022 was RMB 809.1 million (USD 113.7 million), a year-on-year increase from RMB 768.4 million, attributed to higher average revenue per dealer[27]. Operating Costs and Expenses - Operating costs for Q3 2022 were RMB 330.7 million (USD 46.5 million), an increase from RMB 281.2 million in the same quarter last year, primarily due to ongoing content investments[6]. - Total operating expenses for Q3 2022 amounted to RMB 1,385.8 million (USD 194.8 million), up from RMB 1,187.0 million year-over-year[7]. - Operating expenses increased to RMB 1,385,759 thousand in Q3 2022, up 16.7% from RMB 1,186,973 thousand in Q3 2021[18]. Cash Flow and Assets - As of September 30, 2022, the total cash and cash equivalents, along with short-term investments, amounted to RMB 21.34 billion (USD 2,999.4 million)[11]. - The net cash flow from operating activities in Q3 2022 was RMB 540.7 million (USD 76.0 million)[11]. - As of September 30, 2022, total assets amounted to RMB 28,775.9 million (USD 4,045.3 million), compared to RMB 28,529.0 million at the end of 2021[22]. - Total liabilities decreased to RMB 3,966.4 million (USD 557.6 million) as of September 30, 2022, from RMB 4,591.6 million at the end of 2021[22]. - The total equity attributable to Autohome shareholders increased to RMB 23,623.7 million (USD 3,320.9 million) as of September 30, 2022, from RMB 22,754.4 million at the end of 2021[22]. - Autohome's cash and cash equivalents stood at RMB 4,900.3 million (USD 688.9 million) as of September 30, 2022, compared to RMB 4,236.5 million at the end of 2021[21]. User Engagement - Daily active users in September 2022 grew by 13.4% year-over-year to 49.56 million, marking the fifth consecutive month of accelerated growth[4]. - The company plans to continue enhancing user experience through technological innovations and expanding its new retail offline experience stores[26]. Employee and Corporate Information - The total number of employees as of September 30, 2022, was 5,518, including 2,086 employees from Tian Tian Pai Che[12]. - Autohome Inc. is a leading online service platform for automotive consumers in China, providing a wide range of services including original content, data analysis, and marketing services[13]. - The company plans to hold an earnings conference call on November 3, 2022, at 8:00 AM ET[12]. Stock Repurchase Plan - The company has extended its stock repurchase plan for an additional 12 months, allowing for the repurchase of up to USD 200 million of American Depositary Shares[4]. - The company announced an extension of its stock repurchase plan for an additional 12 months until November 17, 2023[23]. Non-GAAP Financial Measures - The company highlighted the importance of non-GAAP financial measures for assessing operational performance, despite their limitations[18]. - Adjusted net profit and adjusted EBITDA are key non-GAAP financial indicators used by the management to evaluate the company's performance[38]. - Autohome Inc. believes that these non-GAAP financial metrics are crucial for helping investors understand the company's operational and financial performance[38].
AUTOHOME(ATHM) - 2022 Q3 - Quarterly Report

2022-11-02 16:00
Exhibit 99.1 Autohome Inc. Announces Unaudited 2022 Third Quarter Financial Results BEIJING, November 3, 2022 – 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, 2022. Third Quarter 2022 Highlights 1 • Net Revenues in the third quarter of 2022 were RMB1,843.3 million (US$259.1 million), compared to RMB1,763.8 million in the correspondi ...
AUTOHOME(ATHM) - 2022 Q2 - Earnings Call Transcript

2022-08-03 20:05
Autohome Inc. (NYSE:ATHM) Q2 2022 Earnings Conference Call August 3, 2022 8:00 AM ET Company Participants Sterling Song - Director, Investor Relations Quan Long - Chairman & Chief Executive Officer Craig Yan Zeng - Chief Financial Officer Conference Call Participants Robin Leung - Daiwa Liping Zhao - CICC Ritchie Sun - HSBC Brian Gong - Citigroup Thomas Chong - Jefferies Operator Ladies and gentlemen, thank you for standing by for AutohomeÂ's Second Quarter and Interim 2022 Earnings Conference Call. At this ...
汽车之家(02518) - 2022 - 中期财报

2022-08-03 11:03
Financial Performance - For Q2 2022, Autohome Inc. reported total net revenue of RMB 1,733.0 million (USD 258.7 million), a decrease from RMB 1,938.0 million in the same period last year, representing a decline of approximately 10.6%[3] - The net profit attributable to Autohome Inc. for Q2 2022 was RMB 435.0 million (USD 64.9 million), down from RMB 754.9 million year-over-year, indicating a decline of about 42.3%[3] - Adjusted net profit (non-GAAP) for Q2 2022 was RMB 472.2 million (USD 70.5 million), compared to RMB 795.4 million in the prior year, reflecting a decrease of approximately 40.7%[3] - In Q2 2022, the operating profit was RMB 301.3 million (USD 45.0 million), a decrease from RMB 673.0 million in the same period last year[8] - The net profit attributable to ordinary shareholders in Q2 2022 was RMB 423.4 million (USD 63.2 million), compared to RMB 746.7 million in the same quarter last year, with basic and diluted EPS at RMB 0.85 (USD 0.13) and RMB 0.84 (USD 0.13) respectively[10] - The adjusted net profit (non-GAAP) attributable to Autohome in Q2 2022 was RMB 472.2 million (USD 70.5 million), down from RMB 795.4 million year-over-year[10] - The diluted earnings per American Depositary Share (ADS) for 2022 was RMB 5.91, compared to RMB 11.15 in 2021, reflecting a decline of 47.0%[18] - The total revenue for 2022 was RMB 3,204,285 thousand, a decrease of 15.2% from RMB 3,779,624 thousand in 2021[20] - The basic earnings per share for 2022 was RMB 5.92, down from RMB 11.18 in 2021, indicating a decline of 47.0%[18] - The adjusted net profit attributable to Autohome was RMB 1,454,129 thousand for 2022, a decrease of 13.3% compared to RMB 1,676,456 thousand in 2021[20] - The net income for 2022 was RMB 720,158 thousand, compared to RMB 1,371,974 thousand in 2021, a decline of 47.5%[20] - The company reported a net loss of RMB 33,383 thousand in 2022, compared to a net income of RMB 20,984 thousand in 2021[20] User Engagement - Daily active users reached 47.63 million in June 2022, marking an 8.1% year-over-year increase, achieving a historical high[4] Revenue Breakdown - Revenue from media services in Q2 2022 was RMB 530.6 million (USD 79.2 million), down from RMB 599.8 million in the same period last year, a decline of about 11.5%[5] - Revenue from lead services increased to RMB 752.8 million (USD 112.4 million) in Q2 2022, compared to RMB 744.0 million in the previous year, showing a growth of approximately 1.2%[5] - The revenue from the automotive services segment for 2022 was RMB 752,813 thousand, an increase of 41.7% from RMB 530,561 thousand in 2021[20] - Autohome's revenue from online services was RMB 1,732,993 thousand in 2022, a decrease of 10.5% from RMB 1,938,043 thousand in 2021[42] Expenses and Costs - Total operating expenses for Q2 2022 were RMB 1,227.5 million (USD 183.3 million), up from RMB 1,073.8 million year-over-year, representing an increase of about 14.3%[7] - R&D expenses for Q2 2022 were RMB 362.2 million (USD 54.1 million), an increase from RMB 334.7 million in the same period last year, reflecting a growth of approximately 8.2%[7] - Operating costs for Q2 2022 were RMB 278.9 million (USD 41.6 million), an increase from RMB 261.6 million in the same period last year, representing a growth of about 6.5%[28] Cash Flow and Assets - As of June 30, 2022, the total cash and cash equivalents, along with short-term investments, amounted to RMB 20.94 billion (USD 3,125.8 million)[11] - The net cash flow from operating activities in Q2 2022 was RMB 488.3 million (USD 72.9 million)[11] - The total assets of Autohome Inc. as of June 30, 2022, were RMB 28,353,783 thousand, a slight decrease from RMB 28,529,006 thousand as of December 31, 2021[22] - Cash and cash equivalents as of June 30, 2022, totaled RMB 3,851,719 thousand, down from RMB 4,236,501 thousand at the end of 2021[22] - The total liabilities decreased to RMB 4,095,892 thousand as of June 30, 2022, from RMB 4,591,636 thousand at the end of 2021, reflecting a reduction of 10.8%[22] Strategic Plans - Autohome plans to strengthen platform construction and accelerate new business development in the second half of 2022, leveraging government consumption stimulus plans[4] - The company plans to continue focusing on enhancing user engagement and expanding its market presence through new product offerings and technological advancements[38] Shareholder Information - The company repurchased 1,883,906 ADS for approximately USD 54.2 million as of July 31, 2022[3] - The total equity attributable to Autohome shareholders increased from RMB 22,754,419 thousand in 2021 to RMB 23,085,878 thousand in 2022, an increase of 1.5%[44] - The weighted average number of diluted shares for 2022 was 505,183,728, compared to 501,112,704 in 2021, showing an increase of 0.4%[19] Non-GAAP Measures - The company emphasized the importance of non-GAAP financial measures to provide a clearer view of its operational performance, excluding non-cash expenses and non-operating gains and losses[16] - The adjusted net profit margin for 2022 was 27.2%, down from 41.0% in 2021, indicating a significant decline in profitability[21] - The adjusted EBITDA for 2022 was RMB 2,670,404 thousand, down from RMB 3,274,914 thousand in 2021, representing a decrease of 18.5%[20]
AUTOHOME(ATHM) - 2022 Q2 - Quarterly Report

2022-08-02 16:00
Exhibit 99.1 Autohome Inc. Announces Unaudited 2022 Second Quarter and Interim Financial Results BEIJING, August 3, 2022 – 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, 2022. Second Quarter 2022 Highlights 1 • Net Revenues in the second quarter of 2022 were RMB1,733.0 million (US$258.7 million), compared to RMB1,938.0 mil ...