Zhong Guo Jing Ji Wang·2025-05-13 06:18Group 1 - The core viewpoint of the articles highlights the financial performance and strategic developments of Autohome, including a decline in revenue and profit in Q1 2025, as well as a significant acquisition by Haier [1][2] Group 2 - In Q1 2025, Autohome reported total net revenue of RMB 1,453.8 million (USD 200.3 million), a year-on-year decrease of 9.65% compared to RMB 1,609.1 million in Q1 2024 [1] - The net profit attributable to Autohome was RMB 356.6 million (USD 49.1 million) in Q1 2025, down 9.61% from RMB 394.5 million in the same period of 2024 [1] - Adjusted net profit (non-GAAP) for Q1 2025 was RMB 420.8 million (USD 58.0 million), reflecting a 14.80% decline from RMB 493.9 million in Q1 2024 [1] - On February 20, 2025, Autohome confirmed its acquisition by Haier during an all-hands meeting, with the current Senior Vice President Yang Song set to become CEO post-acquisition [2] - Haier's subsidiary, Katai Chi, announced a strategic investment in Autohome, planning to acquire shares from Cloud Capital (a platform under Ping An) for approximately USD 1.8 billion, resulting in Katai Chi holding about 41.91% of Autohome's shares [2] - Ping An Property & Casualty will continue to be a major shareholder in Autohome through its indirect holdings via Cloud Capital [2]