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Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China, offering a comprehensive suite of services and independent, interactive content through its two primary websites, autohome.com.cn and che168.com. Founded in 2008, Autohome delivers a full range of occupationally generated, professionally generated, user-generated, and AI-generated content, making it a preferred platform for automakers and dealers.
As of 2023, Autohome holds a substantial market share in China's online automotive advertising and lead generation market, thanks to its extensive user base and innovative services. The company reported net revenues of RMB1.91 billion for the third quarter of 2023, reflecting a consistent growth trajectory and strong financial health. Its integrated digital platform is continually upgraded to enhance data product value and support the expanding ecosystem of new energy vehicles (NEVs) and digitalization.
Autohome's recent initiatives include the expansion of their retail footprint with 13 Autohome Energy Space stores under construction and collaboration with Ping An Group to optimize business models. The company's new retail business, which includes integrated services for both new and used vehicles, continues to bolster its market presence and brand recognition.
Further enhancing its competitive edge, Autohome is committed to environmental, social, and governance (ESG) practices, focusing on sustainable operations and corporate governance. The company's mission is clear: to reduce auto industry decision-making and transaction costs through advanced technology, fostering a seamless car buying and ownership experience for consumers.
For detailed and up-to-date information, including recent financial results and upcoming events, visit their investor relations page at https://ir.autohome.com.cn
Autohome reported Q3 2024 financial results with net revenues of RMB1,774.5 million (US$252.9 million), down from RMB1,906.0 million in Q3 2023. Net income decreased to RMB441.3 million (US$62.9 million) from RMB578.3 million year-over-year. The company's mobile daily active users grew by 5.6% to 72.87 million in September. The board approved a cash dividend of US$1.15 per ADS. The company has repurchased 244,302 ADSs for approximately US$6.7 million. Online marketplace revenues showed growth while media services revenues declined compared to the previous year.
Autohome Inc. (NYSE: ATHM; HKEX: 2518), China's leading online automobile consumer platform, has scheduled its third quarter 2024 financial results announcement for November 6, 2024, before U.S. markets open. The management will host an earnings conference call at 7:00 AM U.S. Eastern Time (8:00 PM Beijing Time) on the same day. A live and archived webcast will be available on the company's investor relations website.
Autohome Inc. (NYSE: ATHM; HKEX: 2518), China's leading online automotive consumer platform, has announced a new share repurchase program approved by its board of directors. The program, effective from September 4, 2024, authorizes the company to repurchase up to US$200 million worth of its shares, including ADSs, over the next 12 months.
The repurchases may be executed through various means, including open market transactions, privately negotiated deals, and block trades, subject to market conditions and applicable regulations. The board will periodically review the program and may adjust its terms or size. Autohome plans to fund the repurchases using its existing cash balance.
Autohome Inc. (NYSE: ATHM; HKEX: 2518) reported its unaudited financial results for Q2 2024. Key highlights include:
- Net revenues increased to RMB1,872.6 million (US$257.7 million), up from RMB1,833.0 million in Q2 2023.
- Net income attributable to Autohome rose to RMB524.8 million (US$72.2 million), compared to RMB504.7 million in Q2 2023.
- Adjusted net income (Non-GAAP) was RMB572.4 million (US$78.8 million), up from RMB569.5 million in Q2 2023.
- Average mobile daily active users grew by 8.3% year-over-year to 67.91 million in June.
- The company launched its Satellite Plan to expand into lower-tier cities.
Autohome maintains a strong balance sheet with RMB23.47 billion (US$3.23 billion) in cash and short-term investments as of June 30, 2024.
Autohome Inc. (NYSE: ATHM; HKEX: 2518), China's leading online platform for automobile consumers, has announced it will release its financial results for Q2 and H1 2024 on July 31, 2024, before U.S. markets open. The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Beijing Time) on the same day.
Participants can register in advance using the provided link to receive dial-in numbers and a personal PIN. A live and archived webcast of the call will be available on Autohome's investor relations website. This announcement indicates Autohome's commitment to transparency and timely communication with investors regarding its financial performance.
Autohome (NYSE: ATHM; HKEX: 2518), a premier online destination for automobile consumers in China, has announced the results of its 2023 Annual General Meeting held in Beijing on June 21, 2024. Shareholders approved the re-election of Mr. Quan Long, Mr. Tao Wu, Ms. Keke Ding, and Dr. Fan Lu as directors of the company. Autohome continues to strengthen its leadership team, focusing on providing an enhanced user experience and maintaining its market position.
Autohome (NYSE: ATHM; HKEX: 2518), a leading online automotive platform in China, announced a cash dividend of US$0.5700 per ADS (US$0.1425 per ordinary share). The total dividend payout will be around RMB0.5 billion. The dividend will be paid to shareholders of record by the close of business on July 10, 2024, with ADS holders receiving their payments around August 21, 2024, and ordinary shareholders by August 16, 2024.
Chief Financial Officer Craig Yan Zeng highlighted the strong cash flow and solid balance sheet as reasons for the dividend, expressing confidence in future growth and commitment to shareholder value.
Autohome Inc. announced its unaudited financial results for the first quarter of 2024, reporting net revenues of RMB1,609.1 million and net income attributable to Autohome of RMB394.5 million. The company highlighted sustained revenue growth, user-base expansion, and successful business initiatives. Autohome remains committed to delivering premium products and services while leveraging unique resources to enhance long-term competitiveness.
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