2023-11-01 16:00Financial Performance - Net revenues for Q3 2023 were RMB1,906.0 million (US$261.2 million), a 3.4% increase from RMB1,843.3 million in Q3 2022[3] - Net income attributable to Autohome was RMB578.3 million (US$79.3 million), up 14% from RMB507.8 million in the same period last year[13] - Adjusted net income (Non-GAAP) was RMB603.8 million (US$82.8 million), compared to RMB590.0 million in Q3 2022[15] - Operating profit was RMB166.0 million (US$22.8 million), a decrease from RMB191.7 million in the corresponding period of 2022[11] - Basic and diluted earnings per ADS were RMB4.61 (US$0.63), up from RMB3.98 in Q3 2022[14] - Net income attributable to Autohome for the three months ended September 30, 2023, was RMB 578,338, an increase of 13.8% from RMB 507,844 in the same period of 2022[29] - Adjusted net income attributable to Autohome was RMB 603,785, reflecting a 2.9% increase from RMB 589,979 year-over-year[29] - Adjusted EBITDA for the three months ended September 30, 2023, was RMB 540,118, up 22.4% from RMB 441,208 in the same period of 2022[29] - Basic earnings per share for ordinary shares increased to 1.15, compared to 0.99 in the same period of 2022[27] - Adjusted net margin for the three months ended September 30, 2023, was 31.7%, slightly down from 32.0% year-over-year[29] Revenue Breakdown - Online marketplace and others revenues grew 25.2% year-over-year, accounting for 31.4% of total revenue[5] - Media services revenue decreased to RMB 476,869, down 14.1% from RMB 555,745 year-over-year[27] - Leads generation services revenue increased to RMB 830,050, up 2.4% from RMB 809,076 year-over-year[27] - Online marketplace and others revenue rose to RMB 599,112, a 25.2% increase from RMB 478,466 year-over-year[27] - Revenues from data products and NEV brands maintained double-digit growth compared to the previous year[5] Assets and Liabilities - Cash and cash equivalents and short-term investments totaled RMB23.43 billion (US$3.21 billion) as of September 30, 2023[16] - Total current assets increased from RMB 24,424,931 to RMB 25,274,900, a growth of 3.5%[31] - Cash and cash equivalents decreased from RMB 2,801,299 to RMB 1,801,253, a decline of 35.7%[31] - Total assets rose from RMB 29,715,819 to RMB 30,521,047, an increase of 2.7%[31] - Total liabilities decreased from RMB 4,627,193 to RMB 4,590,553, a reduction of 0.8%[31] - Total equity increased from RMB 23,482,987 to RMB 24,211,366, reflecting a growth of 3.1%[31] - Short-term investments grew from RMB 19,279,592 to RMB 21,627,386, an increase of 12.2%[31] - Accounts receivable, net decreased from RMB 1,927,699 to RMB 1,376,029, a decline of 28.5%[31] - Total non-current assets slightly decreased from RMB 5,290,888 to RMB 5,246,147, a decline of 0.8%[31] - Goodwill and intangible assets, net decreased from RMB 4,220,305 to RMB 4,162,552, a reduction of 1.4%[31] - Total current liabilities decreased from RMB 4,058,676 to RMB 4,003,235, a decline of 1.4%[31] User Engagement - Mobile DAUs increased 39.3% year-over-year to 69.01 million, indicating strong user engagement[4] Business Development - The company is constructing 13 Autohome Energy Space stores across various cities in China to enhance its new retail business model[5]