Core Insights - The 818 Global Car Purchase Festival by Autohome is themed "Remembering the AI Future" and aims to boost car consumption in line with national policies, providing a one-stop service for consumers from online selection to offline experience and transaction [1][2] - Autohome has allocated 30 million yuan in direct subsidies for this year's festival, combining national, local, and manufacturer subsidies to lower the purchase threshold for consumers [2] - The festival marks the 20th anniversary of Autohome, which plans to leverage partnerships with major automotive brands and platforms to enhance consumer engagement and create a win-win situation for consumers, merchants, and the platform [1][2] Industry Context - The automotive industry is undergoing a significant transformation towards electrification and intelligence, with increasing competition in the traditional fuel vehicle market leading to price wars and declining profits for manufacturers [2] - Consumer purchasing decisions are becoming more cautious due to macroeconomic pressures, prompting Autohome to implement purchase subsidies to stimulate demand and assist manufacturers in managing inventory [2] Technological Advancements - Autohome is implementing an "All in AI" strategy to enhance the car buying experience, utilizing AI assistants for 24/7 consumer inquiries and innovative technologies for product visualization [3] - The company has developed five AI-driven marketing products that create a comprehensive marketing loop, significantly improving marketing efficiency for manufacturers [3][4] Global Expansion - Autohome's overseas version launched on June 30, 2023, aims to connect Chinese automotive brands with international markets, covering key regions such as Asia, Europe, Oceania, and South America [4][5] - The festival also serves as a platform to showcase Chinese automotive brands to the global audience, enhancing their international market presence [5] Strategic Importance - The 818 Global Car Purchase Festival is positioned as a key infrastructure and innovation engine for the high-quality development of the Chinese automotive industry, emphasizing technology empowerment, consumption upgrades, and global brand expansion [5]

Core Viewpoint - The company has extended its share repurchase plan until December 31, 2025, following the approval of its board of directors [1] Group 1: Share Repurchase Plan - As of August 8, 2025, the company has repurchased 5.4226 million American Depositary Shares at a total cost of approximately $144 million [1] - The proposed repurchase may occur through various methods including open market transactions, private negotiations, block trades, and other legally permitted means, depending on market conditions [1] - The board will regularly review the extended share repurchase plan and may adjust its terms and scale, or suspend or terminate the plan [1] Group 2: Financial Strategy - The company plans to utilize existing funds for the share repurchase [1]

取决于市场状况并根据适用的规则及法规，公司通过延长股份回购计划的拟议回购可能不时按现行市价 透过公开市场交易、私下协商交易、大宗交易及╱或透过其他法律允许的方式进行。董事会将定期审查 批准延长的股份回购计划，并可能批准调整其条款及规模，或暂停或终止该计划。公司计划利用现有资 金进行回购。 汽车之家-S(02518)发布公告，于北京时间2025年8月14日，公司宣布其董事会已批准将股份回购计划期 限延长至2025年12月31日。截至2025年8月8日，公司已回购542.26万份美国存托股，总成本约为1.44亿 美元。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 Autohome Inc. 汽車之家* （於開曼群島註冊成立的有限公司） （股份代號：2518） 內幕消息 延長股份回購計劃 本公告乃由Autohome Inc.（「本公司」）根據香港聯合交易所有限公司證券上市規則（「上市 規則」）第13.09條及第13.10B條以及香港法例第571章《證券及期貨條例》第XIVA部項下之 內幕消息條文（定義見上市規則）刊發。 茲提述本公司日期為2024年9月4日有關本公司董事會（「董事會」）批准一項股份回購計劃 （「股份回購計劃」），自同日起生效的公告。根據股份回購計劃，本公司可於未來12個月 內回購價值高達200百萬美元的股份（包括美國存託股）。 於北京時間2025年8月14日，本公司宣佈其董事會已批准將股份回購計劃期限延長至2025 年12月31日。截至2025年8月8日，本公司已回購5,422,647份美國存託股，總成本約為144 百萬美元。 取決於市場狀況並根據適 ...

Core Viewpoint - Autohome Inc. has extended its share repurchase program through December 31, 2025, allowing for the repurchase of up to US$200 million of its American depositary shares [1][2]. Group 1: Share Repurchase Program - The Board approved the extension of the Share Repurchase Program originally authorized in September 2024, which allows for the repurchase of up to US$200 million of ADSs over a twelve-month period [1]. - As of August 8, 2025, the company has repurchased 5,422,647 ADSs at a total cost of approximately US$144 million [1]. - The repurchases may occur through various means, including open market transactions and block trades, depending on market conditions [2]. Group 2: Company Overview - Autohome Inc. is the leading online platform for automobile consumers in China, aiming to reduce decision-making and transaction costs in the auto industry through advanced technology [3]. - The company provides a wide range of content and services, including user-generated content, a comprehensive automobile library, and extensive listing information, covering the entire car purchase and ownership cycle [3]. - Autohome's platform is utilized by automakers and dealers for advertising, and it offers services such as sales leads, data analysis, and marketing to enhance efficiency and facilitate transactions [3].

Core Insights - The 2025 Auto Home 818 Global Car Purchase Festival aims to stimulate car buying enthusiasm with the theme "Remembering the Past, Embracing the AI Future" while providing substantial discounts and subsidies to users [1][4][11] - The event is strategically aligned with national policies to boost automotive consumption, especially in light of the challenges faced by the automotive market in 2025 [1][11] Industry Performance - In the first half of 2025, China's passenger car retail sales reached 10.901 million units, a year-on-year increase of 10.8%, with new energy vehicles accounting for 5.468 million units sold, reflecting a growth of 33.3% and a penetration rate of 50.2% [3] - Despite the increase in sales volume, the automotive consumption value only grew by 1% to 23,468 billion yuan, indicating a disparity between sales growth and revenue [3] - The average transaction price in Q2 2025 dropped by 14% compared to Q2 2022, impacting industry profitability, which saw a decline of 11.9% year-on-year to 178.1 billion yuan, with a profit margin of 4.3% [3] Event Highlights - The 2025 festival will focus on high-quality car purchase conversions by collaborating with various ecosystem partners to enhance consumer experience and value [4][5] - The event will leverage digital platforms, including live streaming and interactive games, to engage users and provide real-time information on subsidies and promotions [8] - The festival will also feature a physical presence in over 200 cities, offering a one-stop shopping experience with advanced technologies like AI-driven comparisons and virtual reality experiences [8][9] Consumer Engagement - The festival aims to provide genuine subsidies to users, with a focus on creating a seamless online-to-offline purchasing process [8][11] - The event will include a "Used Car Fair" offering thousands of quality vehicles at discounted prices, catering to cost-conscious consumers [11] - The festival is positioned as a significant annual event in the automotive industry, aiming to boost consumer confidence and support the upward development of Chinese brands [11]

Core Viewpoint - The financial performance of Autohome (ATHM) shows a decline in revenue and net profit for the fiscal year ending June 30, 2025, indicating potential challenges in the automotive online service market [1][2]. Financial Performance - As of June 30, 2025, Autohome reported total revenue of 3.212 billion RMB, a year-on-year decrease of 7.75% [1]. - The net profit attributable to shareholders was 772 million RMB, reflecting a year-on-year decline of 15.99% [2]. Company Overview - Autohome is a leading online service platform for automotive consumers in China, aiming to reduce decision-making and transaction costs in the automotive industry through technology [2]. - The company provides a variety of content types, including professional, user-generated, and AI-generated content, along with a comprehensive vehicle database and extensive automotive release information [2]. - Autohome serves as a preferred platform for automotive manufacturers and dealers to promote advertising campaigns, leveraging its large and active consumer user base [2]. - The company offers dealer subscription and advertising services, enabling dealers to market their inventory and services to millions of potential online users [2]. - Autohome operates a full-featured online trading platform called "Car Mall," which facilitates transactions for manufacturers and dealers [2].

本文源自：金融界 大事提醒： 7月31日，汽车之家2025财年中报归属股东应占溢利7.723亿人民币，同比下降15.99%，基本每股收益 1.57人民币。 资料显示，汽车之家(纽约证券交易所股票代码:ATHM;港交所股票代码:2518)是中国领先的汽车消费者 在线服务平台。公司使命旨在用科技驱动持续降低汽车行业决策和交易成本。汽车之家为汽车消费者提 供职业创作内容(OGC)、专业创作内容(PGC)、用户创作内容(UGC)、AI创作内容、全面的汽车车型库 以及广泛的汽车发布信息,涵盖整个购车及用车周期。由于能够接触到庞大且活跃的汽车消费者用户群, 汽车之家已成为汽车制造商及经销商推广广告活动的首选平台。此外,本公司的经销商订阅及广告服务 让经销商能够通过汽车之家的平台营销其库存及服务,将其实体展厅扩展至中国数百万潜在网络用户,并 获得销售线索。本公司提供销售线索、数据分析及营销服务,以协助汽车制造商及经销商提高效率及促 成交易。汽车之家运营其「车商城」,一个全功能线上交易平台,助力汽车制造商及经销商促进交易。此 外,本公司亦透过其网站及移动应用程序提供其他增值服务,包括汽车金融、汽车保险、二手车交易及售 后服务 ...

Core Viewpoint - The stock of Autohome (02518) increased by over 5%, reaching HKD 53.8, with a trading volume of HKD 4.0263 million, following the release of its second-quarter performance report [1] Financial Performance - Autohome reported total revenue of RMB 1.76 billion for the second quarter, exceeding the expectations of Citic Lyon by 1% [1] - Online marketing and other business revenues grew by 20.5% year-on-year, driven primarily by strong performance in new retail and effectively boosting revenue from the new energy sector [1] User Growth - The average daily user count on Autohome's mobile platform increased by 11.5% year-on-year in June, reaching 75.74 million users [1] Dividend and Future Outlook - The management assured the market that the annual dividend of RMB 1.5 billion remains unchanged, indicating a dividend yield of approximately 6% [1] - Citic Lyon anticipates that media service revenue will recover in the third quarter as the price war among car manufacturers gradually eases [1] Expansion Plans - Autohome aims to add 500 new stores by the end of the year, which will require additional cost investments [1]

Market Capitalization Summary - New Oriental has a market capitalization of 16.359 billion [2] - TAL Education has a market capitalization of 10.938 billion [2] - Vipshop has a market capitalization of 6.578 billion [2] - Miniso has a market capitalization of 5.578 billion [2] - Zai Lab has a market capitalization of 3.982 billion [2] - Huya has a market capitalization of 0.724 billion [3] Stock Performance - New Oriental's stock increased by 0.77 (+3.89%) [2] - TAL Education's stock decreased by 0.04 (-0.82%) [2] - Vipshop's stock decreased by 0.18 (-1.19%) [2] - Miniso's stock decreased by 0.50 (-2.62%) [2] - Zai Lab's stock decreased by 1.95 (-5.16%) [2] - Huya's stock increased by 0.01 (+0.45%) [3] Additional Company Insights - Financial One Account has a market capitalization of 0.287 billion [3] - Xiaomi has a market capitalization of 0.213 billion [3] - Huami has a market capitalization of 0.175 billion [3] - Tuniu has a market capitalization of 0.120 billion [3]