中信里昂：料汽车之家(02518)媒体服务收入将在第3季恢复增长 维持“持有”评级

Group 1 - The core viewpoint of the report indicates that Autohome (02518) achieved total revenue of 1.76 billion RMB in Q2 this year, exceeding the bank's expectations by 1% [1] - Media service revenue fell short of expectations but was offset by strong growth in the online market [1] - The management assured the market that the annual dividend of 1.5 billion RMB remains unchanged, resulting in a dividend yield of approximately 6% [1] Group 2 - The report anticipates that media service revenue will recover in Q3 as the price war among car manufacturers gradually eases [1] - Autohome aims to add 500 new stores by the end of the year, which will require additional cost investments [1]