Financial Performance - For Q1 2025, Autohome reported total net revenue of RMB 1,453.8 million (USD 200.3 million), a decrease from RMB 1,609.1 million in Q1 2024, representing a year-over-year decline of approximately 9.6%[9]. - The net profit attributable to Autohome for Q1 2025 was RMB 356.6 million (USD 49.1 million), down from RMB 394.5 million in Q1 2024, reflecting a decrease of about 9.6%[18]. - Autohome's media services revenue for Q1 2025 was RMB 242.2 million (USD 33.4 million), down from RMB 327.4 million in Q1 2024, primarily due to reduced advertising spending from fuel vehicle manufacturers[15]. - The adjusted net profit for Q1 2025, according to non-GAAP measures, was RMB 420.8 million (USD 58.0 million), compared to RMB 493.9 million in Q1 2024[9]. - In Q1 2025, Autohome's adjusted net profit attributable to the company was RMB 420.8 million (USD 58.0 million), a decrease from RMB 493.9 million in Q1 2024, representing a decline of approximately 14.8%[20]. - The basic and diluted earnings per share for Q1 2025 were RMB 0.72 (USD 0.10) and RMB 0.71 (USD 0.10), respectively, compared to RMB 0.78 in the same period of 2024[19]. - The adjusted basic and diluted earnings per share for Q1 2025 were RMB 0.88 (USD 0.12), down from RMB 1.02 in the same period of 2024, indicating a decrease of about 13.7%[20]. - The net profit margin for the three months ended March 31, 2024, was 24.5%[32]. - The company reported a net profit attributable to shareholders of RMB 379,776 for the three months ended March 31, 2024, compared to RMB 340,450 in 2025, marking an increase of 11.6%[31]. User Engagement and Product Development - Daily active users on mobile reached 76.92 million in March 2025, marking a year-over-year increase of 10.8%, driven by category expansion and continued investment in quality content[8]. - The company launched an upgraded version of the Autohome App at the end of March 2025, featuring an AI assistant developed using DeepSeek and proprietary big data resources, enhancing user decision-making efficiency[8]. Operational Metrics - Research and development expenses for Q1 2025 totaled RMB 274.1 million (USD 37.8 million), a decrease from RMB 336.1 million in Q1 2024, mainly due to lower personnel-related costs[16]. - The total number of employees as of March 31, 2025, was 4,345, including 1,299 employees from Tian Tian Pai Che[22]. - The net cash flow from operating activities for Q1 2025 was RMB 134.7 million (USD 18.6 million)[21]. - As of March 31, 2025, the company's cash and cash equivalents, along with short-term investments, totaled RMB 21.93 billion (USD 3.02 billion)[21]. Corporate Actions and Future Outlook - The company repurchased 4,781,999 American Depositary Shares for approximately USD 128.0 million as of May 2, 2025[9]. - Autohome's new retail business has expanded to nearly 200 locations, providing partners with leading technology capabilities and quality offline resources[8]. - Autohome will hold its earnings conference call on May 8, 2025, at 8:00 AM ET (8:00 PM Beijing time)[23]. - The company emphasizes the importance of adjusted non-GAAP financial metrics to assess operational performance, which excludes non-cash expenses and non-operating gains/losses[27][28]. - Autohome's mission is to leverage technology to continuously reduce decision-making and transaction costs in the automotive industry[26]. - The company provides a wide range of services including automotive finance, insurance, used car transactions, and after-sales services through its website and mobile applications[26]. Financial Position - Total assets as of March 31, 2025, were RMB 29,011,574, a decrease from RMB 30,221,625 as of December 31, 2024[34]. - Cash and cash equivalents increased to RMB 2,157,997 as of March 31, 2025, from RMB 1,693,597 as of December 31, 2024[34]. - The total liabilities decreased to RMB 3,756,967 as of March 31, 2025, from RMB 5,020,975 as of December 31, 2024[34].
汽车之家-S(02518) - 2025 Q1 - 季度业绩