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AUTOHOME(ATHM) - 2022 Q1 - Earnings Call Transcript

2022-05-24 17:37
Autohome Inc. (NYSE:ATHM) Q1 2022 Earnings Conference Call May 24, 2022 8:00 AM ET Company Participants Sterling Song – Investor Relations Director Quan LONG – Chairman and the Chief Executive Officer Craig Yan Zeng – Chief Financial Officer Conference Call Participants Brenda Zhao – CICC Operator Ladies and gentlemen, thank you for standing by for AutohomeÂ's First Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the f ...
汽车之家-S(02518) - 2022 Q1 - 季度财报

2022-05-24 09:35
Financial Performance - Total net revenue for Q1 2022 was RMB 1,471.3 million (USD 232.1 million), a decrease of 20% from RMB 1,841.6 million in the same period last year[3]. - Net profit attributable to Autohome was RMB 318.2 million (USD 50.2 million), down from RMB 704.3 million year-over-year[3]. - Adjusted net profit (non-GAAP) for Q1 2022 was RMB 437.5 million (USD 69.0 million), compared to RMB 735.1 million in the prior year[3]. - The company's operating profit for Q1 2022 was RMB 241.2 million (USD 38.1 million), down from RMB 566.6 million in the same period last year[31]. - The net profit attributable to the company in Q1 2022 was RMB 318.2 million (USD 50.2 million), compared to RMB 704.3 million in the prior year[31]. - The adjusted net profit attributable to Autohome Inc. for the three months ended March 31, 2022, was RMB 437,533, compared to RMB 735,056 for the same period in 2021, indicating a decline of 40%[41]. - The basic and diluted earnings per share for ordinary shares were RMB 0.61 for the three months ended March 31, 2022, compared to RMB 1.31 for the same period in 2021, indicating a decline of approximately 53%[19]. Revenue Breakdown - Media services revenue for Q1 2022 was RMB 266.8 million (USD 42.1 million), a decline from RMB 604.8 million year-over-year, primarily due to ongoing chip shortages and COVID-19 impacts[6]. - Revenue from new energy vehicle brands surged by 156.1% year-over-year in Q1 2022[4]. - Revenue from lead generation services in Q1 2022 was RMB 708.2 million (USD 111.7 million), slightly up from RMB 697.6 million year-over-year[27]. Operational Metrics - Average daily active users reached 45.21 million in March 2022, reflecting a 7.5% year-over-year increase[4]. - The total number of employees as of March 31, 2022, was 5,715, including 2,179 from TTP[12]. - The company reported cash and cash equivalents, along with short-term investments, totaling RMB 20.27 billion (USD 3,197.3 million) as of March 31, 2022[32]. Cost and Expenses - Operating costs for Q1 2022 were RMB 255.0 million (USD 40.2 million), up from RMB 243.1 million in the same period last year[7]. - Total operating expenses for Q1 2022 were RMB 1,084.1 million (USD 171.0 million), a slight decrease from RMB 1,115.8 million year-over-year[8]. - The company experienced a net loss from equity method investments of RMB 26,229 for the three months ended March 31, 2022, compared to a loss of RMB 197 in the same period of 2021[19]. Strategic Initiatives - The company has initiated a stock repurchase plan, having repurchased 1,574,674 ADS for approximately USD 43.9 million as of May 20, 2022[3]. - The company plans to continue strategic investments while maintaining high-quality growth standards, leveraging its strong business foundation and cash reserves[26]. - Autohome's platform provides comprehensive automotive services, including financing, insurance, and used car transactions, contributing to its revenue growth strategy[35]. - The company aims to enhance its online automotive advertising services, targeting a significant increase in user engagement and retention[36]. Management and Governance - The company appointed a new Chief Financial Officer, Mr. Zeng Yan, effective May 6, 2022[24]. - The new CFO, Zeng Yan, brings over 20 years of experience in capital markets, expected to drive the next phase of growth for the company[5]. Market Outlook and Risks - Forward-looking statements in the report highlight potential risks and uncertainties affecting future performance, including market competition and regulatory changes[15]. - Autohome's management highlights the potential risks and uncertainties in achieving its business outlook and strategic goals[36].
AUTOHOME(ATHM) - 2022 Q1 - Quarterly Report

2022-05-23 16:00
Exhibit 99.1 Autohome Inc. Announces Unaudited First Quarter 2022 Financial Results First Quarter 2022 Highlights1 BEIJING, May 24, 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 first quarter ended March 31, 2022. • Net Revenues in the first quarter of 2022 were RMB1,471.3 million (US$232.1 million), compared to RMB1,841.6 million in the corresponding perio ...
汽车之家(02518) - 2021 - 年度财报

2022-04-26 00:02
Corporate Structure and Operations - Autohome Inc. reported a total of 505,183,788 ordinary shares outstanding as of December 31, 2021[8]. - The company is classified as a large accelerated filer under the Securities Exchange Act[9]. - Autohome Inc. has chosen to follow U.S. Generally Accepted Accounting Principles for its financial statements[11]. - The company conducted a 1-for-4 stock split approved by shareholders in February 2021, affecting all share numbers reported in the annual report[15]. - The company primarily operates in China, with nearly all revenue denominated in Renminbi[15]. - The company operates through Chinese subsidiaries and VIEs due to restrictions on foreign investment in internet content services in China[18]. - The company’s investors are purchasing shares in a Cayman Islands holding company, not equity in the VIEs located in China[18]. - The company has a series of contractual arrangements with its VIEs and their shareholders, including exclusive technology consulting and service agreements[18]. - The company does not directly own equity in the VIEs, which may pose risks related to control and operational effectiveness[19]. - The effectiveness of the contractual arrangements in providing control over the VIEs may not be as strong as direct equity ownership[19]. - The company is subject to significant uncertainty regarding future regulatory actions by the Chinese government, which could impact the enforceability of its contracts with VIEs[99]. - The company relies on contractual arrangements with individual shareholders of variable interest entities, which may lead to potential conflicts of interest affecting business operations[104]. Financial Performance - Net revenue for 2021 was RMB 7,237,004, a decrease of 16.4% compared to RMB 8,658,559 in 2020[29]. - Gross profit for 2021 was RMB 6,189,112, representing a gross margin of approximately 85.7%[29]. - Operating profit for 2021 was RMB 1,781,612, down from RMB 3,148,027 in 2020, indicating a decline of 43.4%[29]. - Net profit attributable to Autohome Inc. for 2021 was RMB 2,248,785, a decrease of 33.9% from RMB 3,405,229 in 2020[29]. - Basic earnings per share for 2021 was RMB 4.30, compared to RMB 7.13 in 2020, reflecting a decline of 39.5%[29]. - Autohome Inc. received dividends from its Chinese subsidiaries totaling RMB 649.6 million in 2020 and RMB 681.4 million in 2021 (approximately USD 106.9 million)[24]. - The company paid cash dividends to shareholders amounting to USD 99.8 million in 2020 and USD 105.7 million in 2021[25]. - As of December 31, 2021, the total intercompany receivables from foreign subsidiaries amounted to RMB 3,523.5 million (USD 552.9 million)[26]. - The total equity attributable to Autohome Inc. shareholders was RMB 22,754,419 as of December 31, 2021, highlighting strong shareholder value[31]. Regulatory Environment - The company is subject to government policies and regulations that could affect its industry in China[16]. - The company faces significant risks related to its contractual arrangements with variable interest entities, which may lead to severe penalties or loss of business interests if deemed non-compliant with Chinese regulations[20]. - The company operates primarily in China and is subject to complex and rapidly evolving legal and regulatory frameworks, which may impact its ability to conduct business and attract foreign investment[21]. - The company must navigate the complexities and uncertainties of China's data privacy and cybersecurity laws, which may change and increase operational costs[23]. - The company is required to comply with the Personal Information Protection Law, which strengthens penalties for illegal processing of personal information, effective from November 2021[62]. - The company faces significant uncertainty regarding compliance with existing and future regulations in the internet industry, which may impact its operations and financial performance[119]. Market and Competitive Landscape - The company faces significant risks related to reliance on the Chinese automotive industry, which is influenced by government regulations and market competition[44]. - The company faces intense competition in the automotive media business from various platforms, including vertical industry websites and mobile applications from China, as well as traditional media outlets[50]. - The company may not maintain its current growth levels or ensure the success of its expansion or new business initiatives, with potential revenue or profit growth slowing down due to increased operating expenses and intensified competition[52]. - The company is at risk of losing market share if it cannot effectively compete with existing and future competitors, which may adversely affect its business and financial performance[50]. User Engagement and Technology - The company emphasizes its ability to attract and retain users and customers as a key component of its future business development[16]. - The company has reported a significant increase in user engagement metrics, although specific figures were not disclosed in the summary[35]. - The company has developed a user intelligence engine to analyze user browsing behavior and preferences, improving user experience and customer retention[165]. - The company utilizes AI, big data, and cloud technology to develop intelligent products and solutions, enhancing its service offerings across the automotive value chain[161]. - The company has implemented measures to ensure the credibility and usefulness of its user forums, including the identification of verified car owners as moderators[170]. Risks and Uncertainties - The company acknowledges various risks and uncertainties that may impact its actual performance compared to forward-looking statements[16]. - The company warns that actual results may differ significantly from its expectations due to unforeseen risks and uncertainties[16]. - The company may incur substantial costs in implementing the terms of the contractual arrangements with the VIEs[19]. - The company faces significant uncertainty regarding the interpretation and application of Chinese laws and regulations, which may impact its business structure and contracts[100]. - The company may face significant adverse effects on its liquidity and ability to expand due to regulatory restrictions on providing loans or additional capital to Chinese subsidiaries[107]. Strategic Initiatives - Future business strategies and initiatives are outlined, focusing on enhancing brand awareness and retaining key personnel[16]. - The company plans to focus on market expansion and new product development in the upcoming fiscal year[30]. - The company is exploring strategic acquisitions to bolster its market presence and technological capabilities[35]. - The company aims to improve its financial condition and operational performance through strategic initiatives[16]. Financial Services and Investments - The automotive financial services business has been developed in collaboration with Ping An Group since 2017, integrating services from partner banks and financial institutions[78]. - The company has invested in the second-hand car market through its platform che168.com and acquired control of a second-hand car auction platform, yet faces uncertainty in successfully developing this business[67]. - The company has established an internal control system for compliance matters related to its automotive financial services, but cannot guarantee its effectiveness[79]. Shareholder and Stock Information - The company completed a public offering in Hong Kong in March 2021, with its ordinary shares trading under the stock code "2518" starting March 15, 2021[140]. - The board approved a share repurchase plan on November 18, 2021, allowing the company to repurchase up to $200 million of American Depositary Shares within the next 12 months[140]. - The company adopted a regular dividend policy in November 2019, potentially issuing annual cash dividends of approximately 20% of the previous fiscal year's net profit starting from 2020[142]. - The company’s stock price may be adversely affected by inaccurate or unfavorable research reports from analysts, which could lead to a decline in market visibility[141]. Intellectual Property and Compliance - The company relies on various intellectual property protections, but faces challenges in safeguarding its rights, particularly in China[82]. - The company has 263 pending patent applications and 243 registered patents as of December 31, 2021[189]. - The company must comply with various tax regulations, which may require substantial resources and could impact financial performance[130]. Economic and Global Factors - Global economic uncertainties, including consumer confidence drops, may significantly impact the company's business and financial performance[80]. - International trade policies and escalating political tensions, particularly between the US and China, could negatively impact the company's business and operational performance[137]. - The COVID-19 pandemic had a significant negative impact on operations, particularly in the first half of 2020, leading to a slowdown in automotive production and sales in China[97].
AUTOHOME(ATHM) - 2021 Q4 - Annual Report

2022-04-24 16:00
Table of Contents 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, 2021 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 SECURITIE ...
AUTOHOME(ATHM) - 2021 Q4 - Earnings Call Transcript

2022-02-24 21:06
Financial Data and Key Metrics Changes - Total revenue for 2021 was RMB 7.24 billion, with new business contributing 30.9% of total revenue, up from 23.2% in 2020, and new business revenue grew 11.6% year-over-year [8][29] - Adjusted net profit for the year was RMB 2.58 billion, with an adjusted net margin of 35.7% [8][29] - Q4 2021 net revenues were RMB 1.69 billion, with operating profit of RMB 177 million, down from RMB 947 million in Q4 2020 [27][29] Business Line Data and Key Metrics Changes - Media services revenue for 2021 was RMB 2.01 billion, leads generation services revenue was RMB 2.99 billion, and online marketplace and others revenue increased by 11.6% year-over-year to RMB 2.24 billion [29] - In Q4 2021, media services revenue was RMB 373 million, leads generation services revenue was RMB 778 million, and online marketplace and others revenue was RMB 543 million [25] Market Data and Key Metrics Changes - Autohome's mobile DAU reached 46.9 million in December 2021, up 11.4% year-over-year, surpassing the total DAU of the second and third largest players combined [13] - Revenue from NEV brands more than doubled year-over-year, capturing 60% market share in the media vertical among mainstream NEV players [20] Company Strategy and Development Direction - The company aims to integrate with Ping An's auto ecosystem to enhance its service offerings and expand its customer base [9][22] - Autohome is focusing on expanding video content and engaging younger users to build a solid foundation for its second growth trajectory [10][15] Management's Comments on Operating Environment and Future Outlook - The management expects the traditional auto market to recover in 2022, which will positively impact the traditional business [34] - The NEV market is projected to grow significantly, with sales growth expected to be around 70% [33][43] Other Important Information - Autohome launched a USD 200 million share repurchase program and maintained a dividend payout of around 20% of net income for the year [9][30] - The company has developed a comprehensive strategy for its used car business, focusing on digitalization and enhancing transaction efficiency [21][44] Q&A Session Summary Question: What is the outlook for the auto industry in the coming quarters? - The Chinese auto market is expected to grow by about 5% in 2022, with NEV sales projected to reach over 5.5 million units, indicating a market penetration rate of 25% [33] Question: What is the outlook for the used car market and the company's goals for 2022? - The used car market is expected to grow by 20% in 2022, with a focus on revenue growth outpacing the market average and achieving breakeven [37][39] Question: Will there be ongoing investments in digital transformation or cost control measures? - The company plans to increase efficiency and compress operating costs while investing in innovative new business models and R&D [41][42]
AUTOHOME(ATHM) - 2021 Q3 - Earnings Call Transcript

2021-11-18 19:36
Autohome Inc. (NYSE:ATHM) Q3 2021 Results Earnings Conference Call November 18, 2021 7:00 AM ET Company Participants Quan Long - Chairman and CEO Haifeng Shao - Co-President Bibo Xiang - Chief Technology Officer You Zhou - Vice President Hong Jiang - Finance Director Conference Call Participants Thomas Chong - Jefferies Brenda Zhao - CICC Ritchie Sun - HSBC Operator Ladies and gentlemen, thank you for standing by for Autohome's Third Quarter 2021 Earnings Conference Call. At this time, all participants are ...
AUTOHOME(ATHM) - 2021 Q2 - Earnings Call Transcript

2021-08-25 18:23
Financial Data and Key Metrics Changes - Total revenues for Q2 2021 were RMB1.94 billion, with adjusted net margin rising 2.7 percentage points year over year to 40.8% [6][7][18] - Media service revenue was RMB600 million, leads generation service revenue was RMB744 million, and online marketplace revenue increased by 10% year over year to RMB594 million [16] - Gross margin decreased to 86.5% from 88.5% year over year [17] Business Line Data and Key Metrics Changes - Online marketplace and others business contributed 30.7% to total revenue, up from 23.4% in the same period last year [6] - Data products revenue increased by 47.1% year over year, driven by higher contributions from OEM data products [7] - Revenues from new energy vehicle (NEV) brands surged 238% year over year [7][12] Market Data and Key Metrics Changes - The production and sales of new EVs in May decreased by 2.7% and 1.7% year over year, with further declines of 13.7% and 11.1% respectively in subsequent months [8] - The used car market in China is experiencing expanding trading volume, indicating a mixed performance across different segments [9][15] Company Strategy and Development Direction - The company is focusing on improving user experience and implementing hierarchical management for B-end customers to provide high-value derivatives [9] - A dedicated new energy business department has been established to explore market opportunities and address industry challenges [12] - The company plans to announce a strategic upgrade plan at the upcoming Investor Day on September 15 [14] Management Comments on Operating Environment and Future Outlook - Management anticipates that the auto industry will gradually recover from current challenges, with long-term growth trends remaining unchanged [15] - The company expects single-digit growth in auto sales for the year, impacted by supply chain issues and rising costs [21] Other Important Information - The company achieved breakeven at the operating level for TTP in June, marking a significant milestone [7][13] - The average daily active users (DAU) reached 44.1 million, representing a 16% year-over-year increase [10] Q&A Session Summary Question: Auto industry outlook - Management noted that the auto market saw a sharp drop in Q2 due to chip shortages and rising costs, predicting single-digit growth for the year [20][21] Question: Regulatory environment impact - Management highlighted the chaotic nature of the used car market and the potential for profitability in C2B and B2B models, while emphasizing the need for trust and transparency [23][24] Question: Competition in the auto vertical - Management stated that competition is welcomed as it drives industry development, and emphasized their leading position in traffic and market share [26][27] Question: Advertising budgets of automakers - Management indicated that automakers' advertising budgets are closely tied to sales volume and profit targets, which may be under pressure [30] Question: User growth strategy - Management outlined strategies to expand user base, focusing on lower-tier cities and attracting younger users [35] Question: Data products outlook - Management confirmed robust growth in data products and plans to enhance their contribution to total revenue [37][38] Question: Blue-sky plan impact - Management reported a 10% increase in lead quality following the implementation of the Blue-sky plan, which aims to enhance data protection and lead quality [42]
汽车之家(02518) - 2021 - 中期财报

2021-08-25 11:25
[Financial and Operational Highlights](index=2&type=section&id=Financial%20and%20Operational%20Highlights) This section provides an overview of Autohome's Q2 2021 performance, highlighting key financial metrics and management's strategic outlook [2021 Q2 Performance Highlights](index=2&type=section&id=2021%20Q2%20Performance%20Highlights) In Q2 2021, Autohome's total net revenues were RMB 1.938 billion, a year-over-year decrease, though online marketing and other businesses (including data products) grew by 10.0% year-over-year, while net income and adjusted net income slightly declined 2021 Q2 Key Financial Metrics | Indicator | 2021 Q2 (RMB Million) | 2020 Q2 (RMB Million) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Total Net Revenues | 1,938.0 | 2,313.3 | -16.2% | | Online Marketing and Other Revenues | 594.3 | 540.2 | +10.0% | | Net Income Attributable to Ordinary Shareholders | 746.7 | 824.5 | -9.4% | | Adjusted Net Income (Non-GAAP) | 790.2 | 881.0 | -10.3% | - Data product revenues showed strong performance, growing **47.1% year-over-year**, becoming a key driver for online marketing and other business growth[3](index=3&type=chunk)[27](index=27&type=chunk) [Management Review and Outlook](index=3&type=section&id=Management%20Review%20and%20Outlook) Management highlighted strong momentum in new businesses, particularly data products, used car platforms, and new energy vehicle services, with new business revenue share increasing and user traffic maintaining leadership despite traditional business challenges - New business revenues increased **10.0% year-over-year**, raising their contribution to total revenues from **23.4% to 30.7%**[4](index=4&type=chunk)[28](index=28&type=chunk) - Data product revenues grew **54.7% year-over-year** in the first half; used car platform 'Tiantiantianche' achieved monthly operating breakeven for the first time in June[4](index=4&type=chunk)[28](index=28&type=chunk) - New energy vehicle business performed exceptionally, with revenues from new energy brands surging **238% year-over-year** in Q2[4](index=4&type=chunk)[28](index=28&type=chunk) - The company maintained industry leadership in traffic, with mobile daily active users growing **16.1% year-over-year**[4](index=4&type=chunk)[28](index=28&type=chunk) [Unaudited Financial Results for Q2 2021](index=3&type=section&id=Unaudited%20Financial%20Results) This section presents the unaudited financial results for the second quarter of 2021, detailing operating performance, financial position, and cash flows [Operating Performance](index=3&type=section&id=Operating%20Performance) Core media and lead generation service revenues declined due to global chip shortages impacting automaker and dealer advertising budgets, while online marketing and other revenues grew, with effective control over sales and marketing expenses despite increased general and administrative costs [Net Revenues](index=3&type=section&id=Net%20Revenues) 2021 Q2 Net Revenue Composition (RMB Million) | Revenue Category | 2021 Q2 (RMB Million) | 2020 Q2 (RMB Million) | Year-over-Year Change | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Media Services | 599.8 | 932.1 | -35.6% | Global chip shortage impacting automaker advertising budgets | | Lead Generation Services | 744.0 | 841.0 | -11.5% | Reduced dealer advertising spending | | Online Marketing and Other | 594.3 | 540.2 | +10.0% | Consolidation of Tiantiantianche and increased contribution from data products | [Cost of Revenues and Operating Expenses](index=4&type=section&id=Cost%20of%20Revenues%20and%20Operating%20Expenses) - Cost of revenues remained relatively stable at **RMB 261.6 million**[6](index=6&type=chunk)[30](index=30&type=chunk) - Sales and marketing expenses significantly decreased year-over-year to **RMB 562.4 million** (from RMB 872.4 million in the prior year period), primarily due to reduced promotional spending[7](index=7&type=chunk)[31](index=31&type=chunk) - General and administrative expenses increased year-over-year to **RMB 176.8 million** (from RMB 82.5 million in the prior year period), mainly due to the consolidation of Tiantiantianche and bad debt provisions[7](index=7&type=chunk)[31](index=31&type=chunk) [Profitability and EPS](index=4&type=section&id=Profitability%20and%20EPS) 2021 Q2 Profit and EPS Performance (RMB Million) | Indicator | 2021 Q2 (RMB Million) | 2020 Q2 (RMB Million) | | :--- | :--- | :--- | | Operating Profit | 673.0 | 870.7 | | Net Income Attributable to Autohome | 754.9 | 824.5 | | Diluted Net Income Per Share (RMB) | 1.48 | 1.72 | | Adjusted Net Income Attributable to Autohome | 790.2 | 881.0 | | Adjusted Diluted Net Income Per Share (RMB) | 1.56 | 1.84 | [Financial Position and Cash Flow](index=5&type=section&id=Financial%20Position%20and%20Cash%20Flow) As of June 30, 2021, the company maintained a strong cash position with total cash, cash equivalents, and short-term investments reaching RMB 18.43 billion, generating robust net cash inflow from operating activities in Q2 - As of June 30, 2021, the company's total cash, cash equivalents, and short-term investments amounted to **RMB 18.43 billion** (**US$2.85 billion**)[11](index=11&type=chunk)[35](index=35&type=chunk) - Net cash flow generated from operating activities in Q2 2021 was **RMB 580.8 million** (**US$90.0 million**)[11](index=11&type=chunk)[35](index=35&type=chunk) [Financial Statements](index=9&type=section&id=Financial%20Statements) This section provides the unaudited condensed consolidated financial statements, including the statements of comprehensive income, GAAP to Non-GAAP reconciliation, and balance sheets [Unaudited Condensed Consolidated Statements of Comprehensive Income](index=9&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) This statement details key income statement items including revenues, costs, expenses, profits, and earnings per share for the three and six months ended June 30, 2021, compared to the prior year period - Provides detailed income and loss data for the three and six months ended June 30, 2021, serving as a core statement for evaluating the company's current operating performance[22](index=22&type=chunk)[46](index=46&type=chunk) [Unaudited GAAP and Non-GAAP Reconciliation](index=10&type=section&id=Unaudited%20GAAP%20and%20Non-GAAP%20Reconciliation) This table reconciles GAAP net income to Non-GAAP adjusted net income and adjusted EBITDA, primarily adjusting for share-based compensation, intangible asset amortization, and Tiantiantianche-related profit and loss adjustments to aid core operating performance evaluation - Reconciles GAAP net income to Non-GAAP adjusted net income, primarily excluding non-cash or non-core operating items such as share-based compensation expenses, amortization of certain intangible assets, and Tiantiantianche minority interest adjustments[23](index=23&type=chunk)[47](index=47&type=chunk) [Unaudited Condensed Consolidated Balance Sheets](index=11&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) This statement presents the company's assets, liabilities, and shareholders' equity as of June 30, 2021, compared to year-end 2020, reflecting its financial health and capital structure at the reporting period end - As of June 30, 2021, the company's total assets were **RMB 26.925 billion** and total liabilities were **RMB 3.774 billion**, indicating a robust balance sheet structure[24](index=24&type=chunk)[48](index=48&type=chunk) [Other Information](index=5&type=section&id=Other%20Information) This section provides general information about Autohome and details regarding the earnings conference call [About Autohome](index=6&type=section&id=About%20Autohome) Autohome is China's leading online automotive consumer service platform, offering comprehensive content and services throughout the car ownership lifecycle, alongside advertising, lead generation, data analytics, and value-added services for automakers and dealers - The company is positioned as China's leading online automotive consumer service platform, with businesses covering content, advertising, lead generation, data services, online transactions, and automotive aftermarket value-added services[15](index=15&type=chunk)[39](index=39&type=chunk) [Conference Call Information](index=5&type=section&id=Conference%20Call%20Information) The company held an earnings conference call on August 25, 2021, providing dial-in numbers and webcast details, with a replay available until September 1, 2021 - The earnings conference call was held at 8:00 PM Beijing Time on August 25, 2021, with call replay and webcast available[12](index=12&type=chunk)[14](index=14&type=chunk)
AUTOHOME(ATHM) - 2021 Q1 - Earnings Call Transcript

2021-05-27 18:53
Autohome Inc. (NYSE:ATHM) Q1 2021 Earnings Conference Call May 27, 2021 8:00 AM ET Company Participants Aggie Zhao - Manager, Investor Relations Director Quan Long - Chairman & Chief Executive Officer Jun Zou - Chief Financial Officer Haifeng Shao - Co-President Conference Call Participants Miranda Zhuang - Bank of America Securities Eddy Wang - Morgan Stanley Brenda Zhao - CICC Thomas Chong - Jefferies Brian Gong - Citigroup Operator Ladies and gentlemen, thank you for standing by for Autohome's First Quar ...