2022-11-02 16:00Financial Performance - Net revenues for Q3 2022 were RMB1,843.3 million (US$259.1 million), a 4.5% increase from RMB1,763.8 million in Q3 2021[1] - Net income attributable to Autohome was RMB507.8 million (US$71.4 million) in Q3 2022, down from RMB521.7 million in Q3 2021[10] - Adjusted net income (Non-GAAP) was RMB590.0 million (US$82.9 million) in Q3 2022, compared to RMB583.3 million in Q3 2021[2] - Total net revenues for the three months ended September 2022 were RMB 1,843,287, representing a year-over-year increase of 4.5% from RMB 1,763,763 in the same period of 2021[22] - Adjusted net income attributable to Autohome for the three months ended September 2022 was RMB 589,979, compared to RMB 583,267 for the same period in 2021, reflecting a slight increase of 1.2%[23] - Net income attributable to Autohome for the three months ended September 2022 was RMB 507,844, compared to RMB 521,720 for the same period in 2021, a decrease of 2.2%[23] - Basic earnings per share for ordinary shares for the three months ended September 2022 were RMB 0.99, unchanged from the same period in 2021[22] - Adjusted net margin for the three months ended September 2022 was 32.0%, slightly down from 33.1% in the same period of 2021[23] User Engagement - Average daily active users grew by 13.4% year-over-year to 49.56 million in September 2022, marking five consecutive months of growth[5] - The number of dealer customers increased by 16% year-over-year in Q3 2022, contributing to the growth of data products[5] Revenue Streams - Media services revenues increased by 28% year-over-year to RMB555.7 million (US$78.1 million) in Q3 2022[6] - Revenues from NEV brands grew significantly, outperforming the overall NEV market growth rate[5] Operating Metrics - Operating profit decreased to RMB191.7 million (US$27.0 million) in Q3 2022 from RMB365.1 million in Q3 2021[8] - Adjusted EBITDA for the three months ended September 2022 was RMB 441,208, down from RMB 661,998 in the same period of 2021, indicating a decrease of 33.3%[23] Cash and Assets - Cash and cash equivalents and short-term investments totaled RMB21.34 billion (US$2,999.4 million) as of September 30, 2022[13] - Cash and cash equivalents as of September 30, 2022, were RMB 4,900,319, an increase from RMB 4,236,501 as of December 31, 2021[24] - Total assets as of September 30, 2022, were RMB 28,775,906, compared to RMB 28,529,006 as of December 31, 2021, reflecting a growth of 0.9%[24] - Total liabilities as of September 30, 2022, were RMB 3,966,413, a decrease from RMB 4,591,636 as of December 31, 2021, indicating a reduction of 13.6%[24] New Initiatives - Autohome launched a new retail model, Autohome Energy Space, with its first offline experience store in Shanghai[4] Investment Losses - The company reported a loss from equity method investments of RMB 15,739 for the three months ended September 2022, compared to a loss of RMB 102 in the same period of 2021[22]