Financial Performance - For Q3 2024, Autohome reported total net revenue of RMB 1,774.5 million (USD 252.9 million), a decrease from RMB 1,906.0 million in Q3 2023, representing a year-over-year decline of approximately 6.9%[3] - The net profit attributable to Autohome for Q3 2024 was RMB 441.3 million (USD 62.9 million), down from RMB 578.3 million in the same period last year, reflecting a decrease of about 23.7%[3] - Adjusted net profit for Q3 2024 was RMB 497.2 million (USD 70.8 million), compared to RMB 603.8 million in Q3 2023, indicating a decline of approximately 17.6%[3] - Media services revenue for Q3 2024 was RMB 326.0 million (USD 46.5 million), down from RMB 476.9 million in Q3 2023, a decrease of about 31.6%[6] - Net profit attributable to ordinary shareholders in Q3 2024 was RMB 425.7 million (USD 60.7 million), compared to RMB 564.0 million in Q3 2023, reflecting a decline of about 24.5%[11] - Basic and diluted earnings per share for Q3 2024 were RMB 0.88 (USD 0.13) and RMB 0.87 (USD 0.12), respectively, down from RMB 1.15 in the same period of 2023[11] - Gross profit for Q3 2023 was RMB 1,532,479 thousand, compared to RMB 1,366,864 thousand in Q3 2024, indicating a decrease of about 10.8%[20] - Operating profit for Q3 2023 was RMB 166,037 thousand, down from RMB 82,616 thousand in Q3 2024, reflecting a decline of approximately 50.2%[20] - Adjusted EBITDA for Q3 2023 was RMB 540,118 thousand, compared to RMB 402,661 thousand in Q3 2024, showing a decrease of about 25.5%[21] - The net profit margin for Q3 2023 was 30.3%, which decreased to 24.9% in Q3 2024[21] Operating Costs and Expenses - Operating costs for Q3 2024 were RMB 407.7 million (USD 58.1 million), an increase from RMB 373.6 million in Q3 2023, reflecting a year-over-year growth of about 9.1%[7] - Total operating expenses for Q3 2024 were RMB 1,352.2 million (USD 192.7 million), down from RMB 1,431.4 million in Q3 2023, indicating a decrease of approximately 5.5%[8] - Research and development expenses for Q3 2024 were RMB 339.2 million (USD 48.3 million), slightly down from RMB 355.2 million in Q3 2023, a decrease of about 4.5%[8] - Research and development expenses for Q3 2023 were RMB 355,172 thousand, compared to RMB 339,159 thousand in Q3 2024, indicating a decrease of about 4.5%[20] Cash Flow and Liquidity - As of September 30, 2024, the company had cash and cash equivalents totaling RMB 23.06 billion (USD 3.29 billion) and net cash flow from operating activities of RMB 208.5 million (USD 29.7 million) for Q3 2024[12] - Cash and cash equivalents stood at RMB 4,996,353 thousand, down from RMB 2,529,304 thousand, suggesting a decrease in liquidity[22] Shareholder Returns - The company approved a cash dividend of USD 1.15 per American depositary share, totaling approximately RMB 1 billion, to be paid to shareholders on record as of December 31, 2024[4] - The board of directors approved a dividend of USD 1.15 per American depositary share (or USD 0.2875 per ordinary share), totaling approximately RMB 1 billion[13] Employee and Operational Insights - The total number of employees as of September 30, 2024, was 4,710, including 1,414 employees from Tian Tian Pai Che[14] - The company aims to continue expanding its business boundaries in the automotive industry and enhance operational efficiency across various business lines to ensure long-term sustainable value for shareholders[5] - The company aims to leverage technology to continuously reduce decision-making and transaction costs in the automotive industry, enhancing its service offerings to consumers[16] Balance Sheet Highlights - Total assets as of December 31, 2023, amounted to RMB 30,835,731 thousand, a decrease from RMB 29,921,891 thousand as of September 30, 2024[22] - Current assets totaled RMB 25,524,988 thousand, compared to RMB 24,811,111 thousand in the previous period, indicating a slight increase[22] - Total liabilities increased to RMB 5,662,493 thousand from RMB 3,886,891 thousand, reflecting a significant rise in financial obligations[22] - The total equity attributable to Autohome shareholders was RMB 23,928,187 thousand, showing a decrease from RMB 24,794,511 thousand[22] - Non-current assets were reported at RMB 5,310,743 thousand, a slight decrease from RMB 5,110,780 thousand[22] - The total current liabilities rose to RMB 5,075,351 thousand, compared to RMB 3,379,025 thousand in the previous period, indicating increased short-term financial pressures[22] - The total non-current liabilities were RMB 587,142 thousand, compared to RMB 507,866 thousand previously, indicating a rise in long-term obligations[22] - The total equity increased slightly to RMB 23,414,305 thousand from RMB 24,147,477 thousand, reflecting a minor change in shareholder equity[22] Upcoming Events - Autohome will hold an earnings conference call on November 6, 2024, at 7:00 AM ET (8:00 PM Beijing time)[15] User Engagement - The number of mobile daily active users increased by 5.6% year-over-year, reaching 72.87 million, demonstrating the company's growing influence in the automotive-related user base[5] Financial Metrics - Autohome utilizes adjusted net profit and EBITDA as non-GAAP financial metrics to provide a clearer view of its financial performance[18]
汽车之家(02518) - 2024 Q3 - 季度业绩