2023-02-16 11:06Financial Performance - Net revenues for Q4 2022 were RMB1,893.3 million (US$274.5 million), an increase of 11.8% year-over-year from RMB1,693.6 million in Q4 2021[2] - Net income attributable to Autohome in Q4 2022 was RMB594.1 million (US$86.1 million), compared to RMB267.8 million in Q4 2021, representing a growth of 121.5%[13] - For the full year 2022, net revenues were RMB6,940.8 million (US$1,006.3 million), a decrease from RMB7,237.0 million in 2021[3] - Full-year net income attributable to Autohome was RMB1,855.2 million (US$269.0 million), down from RMB2,248.8 million in 2021, reflecting market challenges[22] - Adjusted net income attributable to Autohome (Non-GAAP) was RMB2,168.3 million (US$314.4 million) in 2022, a decrease of 16.0% from RMB2,582.2 million in 2021[24] - Non-GAAP basic and diluted EPS were RMB4.34 (US$0.63) in 2022, down from RMB5.17 and RMB5.16 in 2021, representing a decline of approximately 16.1%[24] Operational Efficiency - Adjusted net income for Q4 2022 was RMB668.5 million (US$96.9 million), up from RMB468.5 million in Q4 2021, marking a 42.7% increase[15] - Operating profit for Q4 2022 was RMB513.3 million (US$74.4 million), compared to RMB176.9 million in Q4 2021, showing strong operational efficiency[11] - Adjusted EBITDA for Q4 2022 was RMB 789,460, up 290.5% from RMB 271,480 in Q4 2021[41] - The net margin for Q4 2022 improved to 31.4%, compared to 15.8% in Q4 2021[41] - Basic earnings per share for Q4 2022 were RMB 1.18, an increase from RMB 0.51 in Q4 2021[39] User Engagement - Daily active users reached 54.39 million in December 2022, a 16.1% year-over-year increase, solidifying the company's leadership in the industry[4] - The number of dealer customers for data products increased by 26% year-over-year in Q4 2022, indicating strong demand for new business initiatives[5] Shareholder Returns - The company plans to pay a minimum of RMB500 million in cash dividends starting from 2022, enhancing shareholder returns[5] - A dividend of US$0.58 per ADS (or US$0.145 per ordinary share) for fiscal year 2022 was approved, payable to shareholders of record as of March 21, 2023[28] - The Board approved a fixed annual cash dividend of at least RMB500.0 million between 2022 and 2026, subject to adjustment based on financial performance[26] - The share repurchase program authorized up to US$200 million, with approximately US$111.3 million spent to repurchase 3,686,327 ADSs as of February 10, 2023[29] Financial Position - As of December 31, 2022, the company had cash and cash equivalents and short-term investments totaling RMB22.08 billion (US$3.20 billion)[25] - Net cash provided by operating activities in 2022 was RMB2,565.1 million (US$371.9 million)[25] - Total assets increased from RMB 28,399,435 in 2021 to RMB 29,715,819 in 2022, representing a growth of 4.6%[44] - Cash and cash equivalents decreased from RMB 4,236,501 in 2021 to RMB 2,801,299 in 2022, a decline of 33.9%[44] - Total current assets rose from RMB 23,325,718 in 2021 to RMB 24,424,931 in 2022, an increase of 4.7%[44] - Total liabilities increased slightly from RMB 4,591,636 in 2021 to RMB 4,627,193 in 2022, a growth of 0.8%[44] - Total equity grew from RMB 22,339,770 in 2021 to RMB 23,482,987 in 2022, reflecting an increase of 5.1%[44] Employee Information - The company had 5,355 employees as of December 31, 2022, including 2,128 from TTP Car, Inc.[30] Business Operations - Autohome operates a comprehensive online platform for automobile consumers, providing various services including auto financing and insurance[32] - The company emphasizes the importance of non-GAAP financial measures to evaluate operating performance, with Adjusted Net Income and Adjusted EBITDA being key metrics[34]