Financial Performance - Autohome's Q2 2024 net revenue reached RMB 1,872.6 million (USD 257.7 million), compared to RMB 1,833.0 million in the same period last year[3] - Net profit attributable to Autohome in Q2 2024 was RMB 524.8 million (USD 72.2 million), up from RMB 504.7 million in Q2 2023[3] - Adjusted net profit (non-GAAP) for Q2 2024 was RMB 572.4 million (USD 78.8 million), slightly higher than RMB 569.5 million in Q2 2023[3] - Operating profit for Q2 2024 was RMB 412.4 million (USD 56.7 million), up from RMB 341.5 million in Q2 2023[8] - Net profit attributable to Autohome in Q2 2024 was RMB 524.8 million (USD 72.2 million), compared to RMB 504.7 million in the same period of 2023[9] - Net profit attributable to ordinary shareholders in Q2 2024 was RMB 509.7 million (USD 70.1 million), compared to RMB 491.2 million in Q2 2023[9] - Adjusted net profit (non-GAAP) attributable to Autohome in Q2 2024 was RMB 572.4 million (USD 78.8 million), compared to RMB 569.5 million in Q2 2023[9] - Net profit attributable to Autohome for Q2 2024 was RMB 524.76 million, a 4% increase from RMB 504.73 million in Q2 2023[20] - Adjusted EBITDA for Q2 2024 was RMB 710.85 million, up 11.7% from RMB 636.56 million in Q2 2023[20] - Adjusted net profit margin for Q2 2024 was 30.6%, compared to 31.1% in Q2 2023[20] - Revenue for the six months ended June 30, 2024, was RMB 882,440 thousand, a decrease from RMB 908,900 thousand in the same period in 2023[26] - Net profit under IFRS adjustments for the six months ended June 30, 2024, was RMB 126,264 thousand, compared to a loss of RMB 64,555 thousand in 2023[26] Revenue Breakdown - Media services revenue in Q2 2024 decreased to RMB 432.9 million (USD 59.6 million) from RMB 532.0 million in Q2 2023[5] - Leads generation services revenue grew to RMB 820.3 million (USD 112.9 million) in Q2 2024, up from RMB 759.6 million in Q2 2023[5] - Online marketing and other revenue increased to RMB 619.4 million (USD 85.2 million) in Q2 2024, compared to RMB 541.4 million in Q2 2023[5] - Net revenue for media services in Q2 2024 was RMB 432.858 million (USD 59.563 million), a decrease from RMB 532.005 million in Q2 2023[17] - Net revenue for lead generation services in Q2 2024 increased to RMB 820.271 million (USD 112.873 million) from RMB 759.635 million in Q2 2023[17] - Online marketing and other revenue in Q2 2024 rose to RMB 619.425 million (USD 85.236 million) from RMB 541.394 million in Q2 2023[17] - Total net revenue for Q2 2024 was RMB 1.872554 billion (USD 257.672 million), slightly up from RMB 1.833034 billion in Q2 2023[17] Earnings Per Share - Basic and diluted earnings per share in Q2 2024 were RMB 1.05 (USD 0.14), consistent with RMB 1.00 in Q2 2023[9] - Adjusted basic and diluted earnings per ADS in Q2 2024 were RMB 4.72 (USD 0.65) and RMB 4.71 (USD 0.65), respectively, compared to RMB 4.62 and RMB 4.61 in Q2 2023[9] - Basic earnings per share for Q2 2024 were RMB 1.05 (USD 0.14), compared to RMB 1.00 in Q2 2023[18] - Diluted earnings per ADS for Q2 2024 were RMB 4.19 (USD 0.58), up from RMB 3.98 in Q2 2023[18] - Basic adjusted earnings per ADS for Q2 2024 were RMB 4.72, up 2.2% from RMB 4.62 in Q2 2023[21] User Engagement and Business Expansion - Daily active users on Autohome's mobile platform reached 67.91 million in June 2024, representing an 8.3% year-over-year increase[4] - The company launched the "Satellite Plan" in May 2024, aiming to expand its business network in lower-tier cities through satellite stores[4] Expenses and Investments - R&D expenses in Q2 2024 were RMB 315.2 million (USD 43.4 million), slightly higher than RMB 313.0 million in Q2 2023[7] - Operating expenses for Q2 2024 decreased to RMB 1.185337 billion (USD 163.107 million) from RMB 1.228070 billion in Q2 2023[17] - Weighted average number of shares used in calculating basic EPS for Q2 2024 was 484,860,625, down from 492,534,428 in Q2 2023[19] - Lease expense adjustments under IFRS for the six months ended June 30, 2024, amounted to RMB 0.29 million, down from RMB 0.52 million in 2023[29] - Equity incentive expense adjustments under IFRS for the six months ended June 30, 2024, were RMB 16.42 million, a decrease from RMB 36.30 million in 2023[30] Cash Flow and Financial Position - Cash and cash equivalents, along with short-term investments, totaled RMB 23.47 billion (USD 3.23 billion) as of June 30, 2024[10] - Net cash flow from operating activities in Q2 2024 was RMB 452.0 million (USD 62.2 million)[10] - Total assets as of June 30, 2024 were RMB 30.56 billion, a slight decrease from RMB 30.84 billion at the end of 2023[23] - Cash and cash equivalents decreased to RMB 3.88 billion as of June 30, 2024 from RMB 4.99 billion at the end of 2023[23] - Total liabilities decreased to RMB 4.88 billion as of June 30, 2024 from RMB 5.66 billion at the end of 2023[23] - Equity attributable to Autohome shareholders increased to RMB 24.44 billion as of June 30, 2024 from RMB 23.93 billion at the end of 2023[23] - Short-term investments increased to RMB 19.59 billion as of June 30, 2024 from RMB 18.55 billion at the end of 2023[23] - Deferred revenue increased significantly to RMB 1.16 billion as of June 30, 2024 from RMB 801.58 million at the end of 2023[23] - Total equity under IFRS adjustments as of June 30, 2024, was RMB 25,237,684 thousand, up from RMB 24,586,787 thousand as of December 31, 2023[27] Company Mission and Strategy - The company’s mission is to reduce decision-making and transaction costs in the automotive industry through technology, offering services across the car purchase and usage lifecycle[13] Employee and Operational Data - Total number of employees as of June 30, 2024, was 5,078, including 1,755 employees from Tiantian Paiche[11] - Autohome will hold its earnings conference call on July 31, 2024, at 8:00 AM ET (8:00 PM Beijing Time)[11] IFRS Adjustments - The fair value adjustment for preferred shares under IFRS resulted in a profit of RMB 126.26 million for the six months ended June 30, 2024, compared to a loss of RMB 64.56 million in 2023[28]
汽车之家-S(02518) - 2024 - 中期财报