Financial Performance - For Q1 2024, Autohome reported total net revenue of RMB 1,609.1 million (USD 222.9 million), an increase from RMB 1,533.6 million in Q1 2023, reflecting a year-over-year growth of 4.9%[9] - The net profit attributable to Autohome for Q1 2024 was RMB 394.5 million (USD 54.6 million), slightly down from RMB 405.5 million in Q1 2023, indicating a decrease of 2.5%[16] - Operating profit for Q1 2024 was RMB 276.1 million (USD 38.2 million), up from RMB 263.2 million in Q1 2023, marking a growth of 4.0%[13] - The adjusted net profit for Q1 2024 was RMB 493.9 million (USD 68.4 million), up from RMB 483.5 million in Q1 2023, indicating a growth of 2.8%[9] - Basic and diluted earnings per share for Q1 2024 were RMB 0.78 (USD 0.11), compared to RMB 0.80 in Q1 2023, reflecting a decrease of 2.5%[17] - Adjusted basic and diluted earnings per share for Q1 2024 were RMB 1.02 (USD 0.14), compared to RMB 0.98 in Q1 2023, reflecting a growth of 4.1%[18] - The gross profit for the same period was RMB 1,308,173, reflecting a gross margin of 81.3%[30] - The net profit margin for the three months ended March 31, 2024, was 24.5%, down from 26.4% in 2023[33] - Adjusted EBITDA for the three months ended March 31, 2024, was RMB 555,732, compared to RMB 566,486 in the same period of 2023[33] User Engagement and Growth - Daily active users on the mobile platform reached 69.39 million in March 2024, representing an 8.1% year-over-year increase, showcasing the effectiveness of the company's content-driven user growth strategy[8] - Revenue from data products continued to show strong growth, particularly from new energy vehicle companies, contributing positively to the overall revenue structure[8] - The company launched a series of promotional activities in response to the national "old-for-new" policy, enhancing consumer engagement and market penetration[8] Expenses and Investments - Research and development expenses for Q1 2024 amounted to RMB 336.1 million (USD 46.5 million), compared to RMB 324.4 million in Q1 2023, reflecting a year-over-year increase of 3.0%[14] - Sales and marketing expenses increased to RMB 641.3 million (USD 88.8 million) in Q1 2024, up from RMB 523.1 million in Q1 2023, primarily due to higher marketing costs[14] Cash Flow and Assets - As of March 31, 2024, the total cash and cash equivalents, along with short-term investments, amounted to RMB 23.65 billion (USD 3.27 billion)[19] - Net cash flow from operating activities for Q1 2024 was RMB 560.8 million (USD 77.7 million)[19] - Total assets as of March 31, 2024, were RMB 30,856,381, slightly up from RMB 30,835,731 as of December 31, 2023[35] - Cash and cash equivalents decreased to RMB 2,870,271 as of March 31, 2024, from RMB 4,996,353 as of December 31, 2023[35] Strategic Focus and Future Plans - The company aims to leverage technology to continuously reduce decision-making and transaction costs in the automotive industry[25] - Autohome provides a comprehensive range of services including automotive finance, insurance, used car transactions, and after-sales services[25] - The company emphasizes the importance of adjusted non-GAAP financial metrics to provide a clearer view of its operational performance[27] - Autohome's strategic focus includes enhancing brand awareness and user retention in the competitive online automotive advertising market[26] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[30] Conference and Employee Information - The total number of employees as of March 31, 2024, was 5,420, including 2,092 employees from Tian Tian Pai Che[20] - Autohome will hold its earnings conference call on May 8, 2024, at 8:00 AM ET (8:00 PM Beijing time)[21]
汽车之家(02518) - 2024 Q1 - 季度业绩