Financial Performance - Total net revenue for Q1 2022 was RMB 1,471.3 million (USD 232.1 million), a decrease of 20% from RMB 1,841.6 million in the same period last year[3]. - Net profit attributable to Autohome was RMB 318.2 million (USD 50.2 million), down from RMB 704.3 million year-over-year[3]. - Adjusted net profit (non-GAAP) for Q1 2022 was RMB 437.5 million (USD 69.0 million), compared to RMB 735.1 million in the prior year[3]. - The company's operating profit for Q1 2022 was RMB 241.2 million (USD 38.1 million), down from RMB 566.6 million in the same period last year[31]. - The net profit attributable to the company in Q1 2022 was RMB 318.2 million (USD 50.2 million), compared to RMB 704.3 million in the prior year[31]. - The adjusted net profit attributable to Autohome Inc. for the three months ended March 31, 2022, was RMB 437,533, compared to RMB 735,056 for the same period in 2021, indicating a decline of 40%[41]. - The basic and diluted earnings per share for ordinary shares were RMB 0.61 for the three months ended March 31, 2022, compared to RMB 1.31 for the same period in 2021, indicating a decline of approximately 53%[19]. Revenue Breakdown - Media services revenue for Q1 2022 was RMB 266.8 million (USD 42.1 million), a decline from RMB 604.8 million year-over-year, primarily due to ongoing chip shortages and COVID-19 impacts[6]. - Revenue from new energy vehicle brands surged by 156.1% year-over-year in Q1 2022[4]. - Revenue from lead generation services in Q1 2022 was RMB 708.2 million (USD 111.7 million), slightly up from RMB 697.6 million year-over-year[27]. Operational Metrics - Average daily active users reached 45.21 million in March 2022, reflecting a 7.5% year-over-year increase[4]. - The total number of employees as of March 31, 2022, was 5,715, including 2,179 from TTP[12]. - The company reported cash and cash equivalents, along with short-term investments, totaling RMB 20.27 billion (USD 3,197.3 million) as of March 31, 2022[32]. Cost and Expenses - Operating costs for Q1 2022 were RMB 255.0 million (USD 40.2 million), up from RMB 243.1 million in the same period last year[7]. - Total operating expenses for Q1 2022 were RMB 1,084.1 million (USD 171.0 million), a slight decrease from RMB 1,115.8 million year-over-year[8]. - The company experienced a net loss from equity method investments of RMB 26,229 for the three months ended March 31, 2022, compared to a loss of RMB 197 in the same period of 2021[19]. Strategic Initiatives - The company has initiated a stock repurchase plan, having repurchased 1,574,674 ADS for approximately USD 43.9 million as of May 20, 2022[3]. - The company plans to continue strategic investments while maintaining high-quality growth standards, leveraging its strong business foundation and cash reserves[26]. - Autohome's platform provides comprehensive automotive services, including financing, insurance, and used car transactions, contributing to its revenue growth strategy[35]. - The company aims to enhance its online automotive advertising services, targeting a significant increase in user engagement and retention[36]. Management and Governance - The company appointed a new Chief Financial Officer, Mr. Zeng Yan, effective May 6, 2022[24]. - The new CFO, Zeng Yan, brings over 20 years of experience in capital markets, expected to drive the next phase of growth for the company[5]. Market Outlook and Risks - Forward-looking statements in the report highlight potential risks and uncertainties affecting future performance, including market competition and regulatory changes[15]. - Autohome's management highlights the potential risks and uncertainties in achieving its business outlook and strategic goals[36].
汽车之家-S(02518) - 2022 Q1 - 季度财报