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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. 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.
Autohome Inc. (NYSE: ATHM), a leading automotive online platform in China, will announce its financial results for Q3 2020 on November 30, 2020, before the U.S. market opens. The earnings call is scheduled for 7:00 AM ET that day. Autohome aims to enhance the car-buying experience by providing various services, including advertising for dealers and offering online transactions through its platform. The company has a strong online presence to assist automakers and dealers in reaching a broad audience, further supporting its mission to improve the automotive industry's efficiency in China.
Autohome Inc. (NYSE: ATHM), a leading online automobile platform in China, announced an investment of US$168 million in TTP Car Inc., an auction platform for used cars. This investment includes the option to buy up to US$200 million in convertible bonds from TTP. Autohome aims to integrate TTP's capabilities to enhance its used car business and establish a comprehensive platform for transactions. The partnership is expected to create significant synergies and bolster Autohome's position as the largest used car platform in China.
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