Sou Hu Cai Jing·2025-08-29 03:49Core Viewpoint - Haier Group has taken control of Autohome, marking a significant shift in ownership and management within the company [3][4][5]. Group 1: Ownership Changes - Autohome's controlling shareholder has transitioned from China Ping An to Haier Group, with the share transfer completed on August 27, 2025 [3][4]. - Following the transfer, CARTECH, a subsidiary of Haier Group, holds approximately 43.0% of Autohome's issued shares, making it the new controlling shareholder [3][4]. - The share transfer agreement involved the sale of 200,884,012 shares for approximately $1.8 billion [4]. Group 2: Management Restructuring - With Haier Group's acquisition, significant changes in Autohome's management have occurred, including the resignation of CEO Yang Song, who served only six months [5][12][14]. - Liu Chi has been appointed as the new Chairman and CEO of Autohome, bringing over 20 years of experience within Haier Group [6][7]. - Other key appointments include Liang Haishan as a board member and Zhang Cuimei as a director, both of whom have extensive backgrounds in management and legal affairs [7][8][10]. Group 3: Financial Performance - Autohome reported a revenue of 1.758 billion RMB ($245.4 million) for Q2 2025, a decline of 6.14% compared to the same period in 2024 [15]. - The adjusted net profit for Q2 2025 was 476 million RMB ($66.4 million), down 16.8% from 572 million RMB in Q2 2024 [15]. - As of the latest trading session, Autohome's stock price was 56 HKD, with a market capitalization of 26.168 billion HKD [18].