Autohome Inc. Announces Cash Dividend

Rhea-AI Summary

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.

Positive

• Dividend payout of approximately RMB0.5 billion demonstrates strong cash flow.
• Cash dividend of US$0.5700 per ADS (US$0.1425 per ordinary share) is a direct shareholder benefit.
• Dividend reflects the company's solid balance sheet.
• Future growth prospects emphasized by Chief Financial Officer, Craig Yan Zeng.
• Dividend distribution dates are clearly communicated, aiding investor planning.

Negative

• The announcement does not provide any new business developments or strategic initiatives beyond the dividend.
• Shareholders need to be aware of administrative steps for registering shares by July 10, 2024, to qualify for the dividend.

BEIJING, May 21, 2024 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced that the Company's board of directors (the "Board") has approved a cash dividend of US$0.5700 per ADS (or US$0.1425 per ordinary share) payable in U.S. dollars (the "Dividend") to holders of ADSs and ordinary shares of record as of the close of business on July 10, 2024, New York Time and Beijing/Hong Kong Time, respectively.

The aggregate amount of the Dividend will be approximately RMB0.5 billion. For holders of ordinary shares, in order to qualify for the Dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong no later than 4:30 p.m. on July 10, 2024 (Beijing/Hong Kong Time). The Dividend is expected to be paid to holders of ordinary shares on or around August 16, 2024 and to holders of ADSs (through the depositary bank and subject to the terms of the deposit agreement) on or around August 21, 2024.

Mr. Craig Yan Zeng, Chief Financial Officer of the Company, commented, "We are pleased to announce this cash dividend which directly reflects the strong cash flow our business continues to generate and our solid balance sheet. Looking forward, we are confident in our future growth prospects and are committed to delivering value to all shareholders."

About Autohome Inc.

Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. Its mission is to relentlessly reduce auto industry decision-making and transaction costs driven by advanced technology. Autohome provides occupationally generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company's dealer subscription and advertising services allow dealers to market their inventory and services through Autohome's platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its "Autohome Mall," a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit https://www.autohome.com.cn.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar statements. Statements that are not historical facts, including statements about Autohome's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in Autohome's filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Autohome does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Autohome Inc.
Investor Relations
Sterling Song
Investor Relations Director
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cn

Christensen China Limited 
Suri Cheng
Tel: +86-185-0060-8364
E-mail:  suri.cheng@christensencomms.com

 

View original content:https://www.prnewswire.com/news-releases/autohome-inc-announces-cash-dividend-302150855.html

SOURCE Autohome Inc.

FAQ

What is the cash dividend announced by Autohome ( ATHM )?

Autohome announced a cash dividend of US$0.5700 per ADS and US$0.1425 per ordinary share.

When is the record date for Autohome's ( ATHM ) cash dividend?

The record date is July 10, 2024.

How much is the total dividend payout for Autohome ( ATHM )?

The total dividend payout is approximately RMB0.5 billion.

When will Autohome ( ATHM ) pay the dividend to ADS holders?

ADS holders will receive the dividend around August 21, 2024.

When will Autohome ( ATHM ) pay the dividend to ordinary shareholders?

Ordinary shareholders will receive the dividend around August 16, 2024.

What is required for ordinary shareholders to qualify for the Autohome ( ATHM ) dividend?

Ordinary shareholders need to lodge valid documents for the transfer of shares with the Hong Kong branch share registrar by 4:30 p.m. on July 10, 2024.