Financial Performance - Net revenues for Q3 2022 were RMB1,843.3 million (US$259.1 million), a 4.5% increase from RMB1,763.8 million in Q3 2021[1] - Net income attributable to Autohome was RMB507.8 million (US$71.4 million) in Q3 2022, down from RMB521.7 million in Q3 2021[10] - Adjusted net income (Non-GAAP) was RMB590.0 million (US$82.9 million) in Q3 2022, compared to RMB583.3 million in Q3 2021[2] - Total net revenues for the three months ended September 2022 were RMB 1,843,287, representing a year-over-year increase of 4.5% from RMB 1,763,763 in the same period of 2021[22] - Adjusted net income attributable to Autohome for the three months ended September 2022 was RMB 589,979, compared to RMB 583,267 for the same period in 2021, reflecting a slight increase of 1.2%[23] - Net income attributable to Autohome for the three months ended September 2022 was RMB 507,844, compared to RMB 521,720 for the same period in 2021, a decrease of 2.2%[23] - Basic earnings per share for ordinary shares for the three months ended September 2022 were RMB 0.99, unchanged from the same period in 2021[22] - Adjusted net margin for the three months ended September 2022 was 32.0%, slightly down from 33.1% in the same period of 2021[23] User Engagement - Average daily active users grew by 13.4% year-over-year to 49.56 million in September 2022, marking five consecutive months of growth[5] - The number of dealer customers increased by 16% year-over-year in Q3 2022, contributing to the growth of data products[5] Revenue Streams - Media services revenues increased by 28% year-over-year to RMB555.7 million (US$78.1 million) in Q3 2022[6] - Revenues from NEV brands grew significantly, outperforming the overall NEV market growth rate[5] Operating Metrics - Operating profit decreased to RMB191.7 million (US$27.0 million) in Q3 2022 from RMB365.1 million in Q3 2021[8] - Adjusted EBITDA for the three months ended September 2022 was RMB 441,208, down from RMB 661,998 in the same period of 2021, indicating a decrease of 33.3%[23] Cash and Assets - Cash and cash equivalents and short-term investments totaled RMB21.34 billion (US$2,999.4 million) as of September 30, 2022[13] - Cash and cash equivalents as of September 30, 2022, were RMB 4,900,319, an increase from RMB 4,236,501 as of December 31, 2021[24] - Total assets as of September 30, 2022, were RMB 28,775,906, compared to RMB 28,529,006 as of December 31, 2021, reflecting a growth of 0.9%[24] - Total liabilities as of September 30, 2022, were RMB 3,966,413, a decrease from RMB 4,591,636 as of December 31, 2021, indicating a reduction of 13.6%[24] New Initiatives - Autohome launched a new retail model, Autohome Energy Space, with its first offline experience store in Shanghai[4] Investment Losses - The company reported a loss from equity method investments of RMB 15,739 for the three months ended September 2022, compared to a loss of RMB 102 in the same period of 2021[22]

Financial Data and Key Metrics Changes - Total revenues for Q2 2022 were RMB 1.73 billion, with adjusted net income attributable to Autohome at RMB 472 million and an adjusted net margin of 27.2% [8][37] - Gross margin in Q2 2022 was 83.9%, down from 86.5% in Q2 2021 [35] - Operating profit for Q2 2022 was RMB 301 million, compared to RMB 673 million in the same period of 2021 [37] - Non-GAAP diluted earnings per share were RMB 0.94, down from RMB 1.58 in Q2 2021 [38] Business Line Data and Key Metrics Changes - Media services revenue was RMB 531 million, while lead generation services revenue was RMB 753 million, and online marketplace and others revenue was RMB 450 million [34] - Revenue from dealer digital products surged over 40% year-over-year, with more than 18,000 clients [25] - Revenue generated from NEV brands significantly increased year-over-year, outperforming the market sales growth rate [28] Market Data and Key Metrics Changes - Passenger vehicle sales nationwide increased by 22% year-over-year in June, although overall sales volume fell by about 10% in Q2 2022 [9][32] - The used car market is expected to grow by 23% in the second half of the year, supported by new government policies [67] - The total car sales in China for 2022 are forecasted to reach 27 million units, a 3% increase from the previous year [48] Company Strategy and Development Direction - Autohome is focusing on enhancing its digital products and services, expanding its business model, and launching new offerings to meet customer demands [12][17] - The company is leveraging synergies with Ping An Group to improve service offerings and user experiences [18] - Autohome aims to attract younger and female users by signing Eileen Gu as a brand ambassador [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of the automotive market in the second half of 2022, driven by government stimulus policies [47][49] - The company anticipates that the easing of pandemic restrictions and the implementation of favorable policies will positively impact auto sales [32][33] - Management believes that the chip supply situation has improved, reducing concerns about production bottlenecks for OEMs [51][52] Other Important Information - Autohome's balance sheet remains strong, with cash, cash equivalents, and short-term investments totaling RMB 20.94 billion as of June 30, 2022 [39] - The company has repurchased approximately 1.88 million ADS for a total cost of approximately US$54.2 million as part of its share repurchase program [40] Q&A Session Summary Question: Auto market trend in the second half of the year - Management noted that the auto market is expected to recover strongly due to government stimulus policies and improved chip supply [47][49] Question: Data products growth momentum - Management indicated that data product revenue is expected to increase in the second half of the year as new car launches accelerate [56] Question: Competition from non-vertical platforms - Management acknowledged competition from platforms like Weibo and Bilibili but emphasized Autohome's diversified business model and strong position in the vertical auto media industry [60][62] Question: Used car transaction expectations - Management forecasted a 23% growth in the used car business for the second half of the year, supported by new government policies [67] Question: NEV revenue contribution - Management stated that Autohome is well-positioned in the NEV market and expects strong revenue growth from this segment [71]

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]

Financial Performance - Net revenues for the second quarter of 2022 were RMB1,733.0 million (US$258.7 million), a decrease of 10.6% compared to RMB1,938.0 million in the same period of 2021[2] - Net income attributable to Autohome Inc. was RMB435.0 million (US$64.9 million), down 42.4% from RMB754.9 million in the corresponding period of 2021[11] - Adjusted net income (Non-GAAP) was RMB472.2 million (US$70.5 million), a decline of 40.6% compared to RMB795.4 million in the same period of 2021[13] - Total net revenues for the three months ended June 2022 were RMB 1,732,993, a decrease of 10.6% from RMB 1,938,043 in the same period of 2021[23] - Net income attributable to Autohome Inc. for the three months ended June 2022 was RMB 435,016, down 42.4% from RMB 754,940 in the same period of 2021[23] - Adjusted net income attributable to Autohome Inc. for Q2 2022 was RMB 472,223 thousand, down 40.6% from RMB 795,356 thousand in Q2 2021[24] - Basic earnings per share for the three months ended June 2022 were RMB 0.85, down from RMB 1.48 in the same period of 2021, representing a decline of 42.3%[23] - Non-GAAP diluted earnings per ADS for Q2 2022 was $0.94, compared to $1.57 in Q2 2021, a decrease of 40.1%[24] - Net margin for Q2 2022 was 25.1%, a decrease from 39.0% in Q2 2021[24] Revenue Breakdown - Revenues from leads generation services were RMB752.8 million (US$112.4 million), slightly up from RMB744.0 million in the corresponding period of 2021[5] - Media services revenues decreased to RMB530.6 million (US$79.2 million), down from RMB599.8 million in the same period of 2021[5] Operating Performance - Operating profit was RMB301.3 million (US$45.0 million), a significant decrease from RMB673.0 million in the corresponding period of 2021[9] - Operating profit for the three months ended June 2022 was RMB 301,251, a significant decrease of 55.3% from RMB 672,987 in the same period of 2021[23] - Total operating expenses for the three months ended June 2022 were RMB 1,227,539, an increase of 14.3% from RMB 1,073,806 in the same period of 2021[23] - Sales and marketing expenses increased to RMB 738,729 for the three months ended June 2022, up from RMB 562,362 in the same period of 2021, indicating a rise of 31.3%[23] User Metrics - Average daily users grew by 8.1% year-over-year to 47.63 million in June 2022, setting a new record high[3] - The number of dealer customers for data products increased by 14% year-over-year in the second quarter of 2022[4] - Average revenue per dealer store rose by 20% year-over-year in the first half of 2022[4] Cash and Assets - Cash and cash equivalents and short-term investments totaled RMB20.94 billion (US$3,125.8 million) as of June 30, 2022[15] - Total current assets decreased to RMB 22,866,627 thousand as of June 30, 2022, from RMB 23,325,718 thousand as of December 31, 2021, a decline of 2.0%[25] - Total assets decreased to RMB 28,353,783 thousand as of June 30, 2022, from RMB 28,529,006 thousand as of December 31, 2021, a decline of 0.6%[25] - Total liabilities decreased to RMB 4,095,892 thousand as of June 30, 2022, from RMB 4,591,636 thousand as of December 31, 2021, a decline of 10.8%[25] - Cash and cash equivalents decreased to RMB 3,851,719 thousand as of June 30, 2022, from RMB 4,236,501 thousand as of December 31, 2021, a decline of 9.1%[25] - Total Autohome Inc. shareholders' equity increased to RMB 23,085,878 thousand as of June 30, 2022, from RMB 22,754,419 thousand as of December 31, 2021, an increase of 1.5%[25] Future Outlook - The company plans to continue focusing on enhancing its media services and leads generation services to drive future growth[20]

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 ...

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].

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 ...

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].

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 ...

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]