Autohome Inc - ATHM STOCK NEWS

Autohome Inc. (NYSE: ATHM) announces its Hong Kong public offering of 30,291,200 shares, targeting a listing on the Hong Kong Stock Exchange under stock code '2518'. The offering includes 3,029,200 shares for the Hong Kong Public Offering and 27,262,000 shares for international investors. The maximum offer price is set at HK$251.8 per share. Proceeds will be used for technology development, new business incubation, and expanding market presence. The application process is fully electronic to minimize environmental impact.

Autohome Inc. (NYSE: ATHM), China's leading online automotive platform, announced an international offering of 27,262,000 ordinary shares, including 10,096,800 shares sold by Yun Chen Capital Cayman. The net proceeds will be directed towards technology and product development, expanding both domestic and international operations, and overall corporate purposes. The offering is subject to market conditions and is documented in a preliminary prospectus supplement dated March 2, 2021. Investors can obtain detailed information from the SEC's website or authorized brokers.

Autohome Inc. reported its Q4 and full-year 2020 financial results, showcasing a 6.6% year-over-year increase in Q4 net revenues to RMB2,483.1 million ($380.6 million). Full-year net revenues rose 2.8% to RMB8,658.6 million ($1,327.0 million). The online marketplace segment saw a significant revenue boost of 35.5% in Q4, with data products soaring 82.3% year-over-year. Adjusted net income for Q4 increased to RMB1,192.0 million ($182.7 million). The company declared a US$0.87 per ADS dividend. Looking ahead, Autohome forecasts Q1 revenues between RMB1,810.0 million and RMB1,840.0 million.

Autohome Inc. (NYSE: ATHM) announced the approval of significant resolutions at its extraordinary general meeting held in Beijing on February 2, 2021. Key decisions include the re-designation of all class A and B ordinary shares into a single class, followed by a four-for-one share subdivision, effective February 5, 2021. This will result in an authorized share capital of US$1 billion, divided into 400 billion ordinary shares. Concurrently, the ratio of American Depositary Shares (ADS) will adjust to one ADS representing four ordinary shares, ensuring a neutral impact on trading prices.

Autohome Inc. (NYSE: ATHM) will announce its financial results for the fourth quarter and full year ending December 31, 2020, on February 2, 2021, before U.S. markets open. The earnings conference call will take place at 6:30 AM ET the same day. Autohome is a leading online platform for automobile consumers in China, providing extensive digital content, advertising services, and a full-service online transaction platform. For investor inquiries, the company offers various contact options through its Investor Relations team.

Autohome Inc. (NYSE: ATHM) has appointed Mr. Quan Long as the new chairman and CEO, succeeding Mr. Min Lu, who retired. Long brings extensive experience from Ping An Insurance and other internet firms, enhancing his leadership role in Autohome, China's leading auto consumer platform. The company expresses gratitude towards Lu for his contributions, noting its transition from a media company to an integrated auto industry ecosystem under his leadership. Autohome aims to enrich the car-buying experience, offering comprehensive services for consumers and dealers alike.

Autohome Inc. (NYSE: ATHM) announced an extraordinary general meeting for shareholders on February 2, 2021, at 12:00 p.m. local time in Beijing. Shareholders who own ordinary shares as of December 28, 2020, can vote at this meeting. The company also filed its annual report on Form 20-F for the fiscal year ending December 31, 2019, with the SEC, available on their website. Autohome is a leading online platform for automobile consumers in China, providing various services including advertising, auto financing, and a comprehensive automobile library.

Autohome Inc. (NYSE: ATHM) announced strong third-quarter results for 2020, with net revenues of RMB2,315.6 million ($341.0 million), surpassing guidance by RMB35.6 million. Net income rose to RMB846.7 million ($124.7 million), up 31.5% year-over-year. The company achieved significant growth in its online marketplace, with 51% increase in data products revenues. Autohome plans to expand its used car platform through a strategic investment in TTP Car Inc. and projects fourth-quarter revenues between RMB2,475.0 million and RMB2,484.0 million.