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]
汽车之家(02518) - 2022 - 中期财报