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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 Inc. (NYSE: ATHM; HKEX: 2518), a top online platform for automobile consumers in China, will report its fourth quarter and full year financial results for 2021 on February 24, 2022. The earnings call is scheduled for 7:00 AM U.S. Eastern Time, and will be accessible via multiple dial-in options. Autohome provides a comprehensive range of services, including advertising, dealer subscriptions, and transaction facilitation for automakers and consumers, enhancing its position as a preferred platform in the automobile sector.
Autohome Inc. (NYSE: ATHM) announced that its proposed resolution to amend and restate its Memorandum and Articles of Association was adopted during its 2020 annual general meeting held in Beijing on December 16, 2021. This resolution replaces the Fifth Amended and Restated Memorandum and Articles of Association with the Sixth Amended and Restated version. Autohome is a leading online platform in China for automobile consumers, offering a range of services from marketing to transaction facilitation in the automotive sector.
Autohome reported Q3 2021 revenue of 1.764 billion yuan (approx. US$280 million), with a 32% contribution from new businesses. Adjusted net profit was 583 million yuan (approx. US$91.3 million), yielding a margin of 33.1%. The company plans a US$200 million share repurchase over 12 months, citing undervaluation. Daily active mobile users grew to 43.87 million, up 12.3%. Revenue from EV brands surged 104%. Despite challenges in the automotive sector, Autohome aims for sustainable growth through strategic collaborations.
Autohome Inc. (NYSE: ATHM) announced its Q3 2021 financial results, reporting net revenues of RMB 1,763.8 million ($273.7 million), down from RMB 2,315.6 million in Q3 2020. Net income attributable to the company was RMB 521.7 million ($81.0 million), compared to RMB 846.7 million in the prior year. The company revealed a US$200 million share repurchase program, highlighting confidence in its fundamentals. Online marketplace revenues grew by 2.5% year-over-year. However, media services revenues and lead generation services faced declines due to decreased marketing spending amid ongoing supply chain issues.
Autohome Inc. (NYSE: ATHM) announced its annual general meeting of shareholders set for December 16, 2021, in Beijing. Shareholders of record on November 10, 2021, will be eligible to vote. The meeting will address resolutions outlined in the Notice of AGM, available on the Autohome website. Additionally, the company has filed its annual report for the fiscal year ended December 31, 2020, with the SEC, accessible via its website and the SEC's website.
Autohome Inc. (NYSE: ATHM) announced its annual general meeting scheduled for December 16, 2021, at 4:00 p.m. local time in Beijing. Shareholders as of November 10, 2021, will have voting rights. The meeting will address resolutions requiring shareholder approval. Additionally, the annual report for the fiscal year ending December 31, 2020, has been filed with the SEC and is accessible on Autohome's website. The company remains a leading online platform for automobile consumers in China.
Autohome Inc. (NYSE: ATHM) will announce its third quarter 2021 financial results before U.S. markets open on November 18, 2021. The earnings conference call is scheduled for 7:00 AM ET on the same day, allowing investors to gain insights into the company's performance. Autohome, a leading online platform for automobile consumers in China, focuses on engaging users with a wide range of auto-related content and services. The company’s services include dealer subscriptions and advertising to enhance visibility and lead generation for dealers.
Autohome Inc. (NYSE: ATHM) recently announced board changes, appointing Jun Lu as a director effective October 19, 2021. Lu brings 26 years of experience in corporate management and finance, most recently managing a RMB 500 billion investment portfolio at Ping An Insurance. He has held leadership roles at various organizations, including Yoozoo Holding Group and PwC Shanghai. Dong Liu resigned from the board due to personal commitments. Chairman Quan Long expressed gratitude to Liu and optimism for Lu's contributions to the company.
On October 8, 2021, Autohome Inc. (NYSE: ATHM) announced the resignation of Mr. Xiao Wang as Chief Technology Officer due to personal commitments. Mr. Bibo Xiang has been appointed as the new CTO, taking immediate charge of the company's technology framework. Xiang brings extensive experience from previous roles in companies like VIPKID and Yahoo. The board expressed gratitude towards Wang for his contributions to enhancing the company's technology infrastructure. Autohome remains a key player in China's online automobile market, focusing on innovation and user engagement.
Autohome Inc. held its 2021 Investor Day on September 15 in Beijing, where Chairman and CEO Quan Long outlined strategic upgrades for the company amid the evolving Chinese auto market. Emphasizing the impending growth of the second-hand vehicle sector, Long indicated that innovation is crucial for stakeholders. Autohome reported a 16% year-over-year increase in daily active users, reaching 44.1 million in Q1 2021, solidifying its position as the leading internet platform in the auto space. The company plans to leverage partnerships, particularly with Ping An, to enhance auto services and achieve diverse revenue streams.
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