Net Revenues Increased 13.3% Year-over-Year to
RMB1.6 Billion Net Income Attributable to Autohome Inc.
Increased 49.7% Year-over-Year to RMB517.7 Million
Autohome Inc. (NYSE:ATHM) (“Autohome” or the “Company”), the
leading online destination for automobile consumers in China, today
announced its unaudited financial results for the second quarter
ended June 30, 2017.
Second
Quarter 2017
Financial Highlights1
- Net Revenues increased 13.3% year-over-year to
RMB1,562.0 million ($230.4 million), exceeding the high end of the
Company’s original guidance of RMB1,437 million ($212.0
million).
- Media services and leads generation
services revenues increased 36.5% year-over-year to
RMB1,459.1 million ($215.2 million).
- Net Income attributable to Autohome Inc.
increased 49.7% year-over-year to RMB517.7 million
($76.4 million).
Second Quarter 2017 Operational
Highlights
- Continued Focus on Mobile Traffic: During the
second quarter of 2017, the number of average daily unique visitors
who accessed the Company’s primary “Autohome” application increased
by 27% compared with the second quarter of 2016, further enhancing
the Company’s dominant position among auto vertical applications in
China.
- Successful Expansion of Augmented Reality Automobile
Show: The Company expanded the use of its Augmented
Reality Automobile Show (the “AR Show”), first launched in March
2017, to enhance user engagement and interaction. The AR Show took
place from June 28 to July 3, 2017, and attracted 30 branded
automakers with close to 100 automobile models on display. This
resulted in over 10.8 million unique visitors with approximately
84% originating from tier 2 and below cities.
- Asset-Light Vehicle E-commerce Platform Expanded to
Incorporate Used Cars: As part of the Company’s strategy,
Autohome sold the remaining 647 vehicles from its direct sales
inventory during the second quarter of 2017, bringing its inventory
clearance to a conclusion. Autohome launched a used car platform in
June 2017 which incorporates many innovative services to enable
expanded and reliable used car sourcing, broaden dealer financing
support solution and used car financing portfolio, enhance consumer
tracking and channel management, improve leads quality, and ensure
efficient internal management and operations.
Mr. Yan Kang, President of Autohome, commented, “We continued to
gain growth momentum during the quarter with better-than-expected
results. Our core media and leads generation business saw revenue
increase 36.5% year-over-year, primarily due to the rebuilding of
our advanced platform which began last year. Our platform is now
able to deliver a unique and personalized experience to our users,
attract a larger number of mobile users with an expanded array of
content, increase our advertising spending market share and
significantly strengthen our partnerships with automakers and
dealers. In addition, we recently launched several new initiatives
in an effort to expand our digital ecosystem, including Dealer
Cloud Platform, Used Car Platform, further consolidated open
content platform, and Augmented Reality Automobile Show. All
of these initiatives will better enable our clients and consumers
by providing them with differentiated value propositions,
strengthen our service offerings and generate long-term sustainable
growth for our shareholders.”
Mr. Julian Wang, Chief Financial Officer, added,
“We delivered another strong quarter with double-digit revenue
growth that significantly surpassed our original guidance, and
generated a solid 49.7% improvement in profitability
year-over-year. I believe this reflects the success of our ongoing
efforts to transform Autohome from a content-led vertical media
platform to a fully-integrated automotive eco-platform leveraging
advanced data and technology. This strategy has created a better
user experience, higher quality sales leads, enhanced revenue
growth and healthier margins. We will continue to drive
growth and profitability throughout the rest of the year by
leveraging our unrivaled advantage in media and leads generation to
facilitate more meaningful connections and transactions between our
targeted consumers and automaker and dealer clients throughout the
ownership cycle.”
Overview of Key Financial Results for Second Quarter
2017
Key Financial Results
(In RMB Millions except for per share data) |
|
2Q2016 |
|
2Q2017 |
|
% Change |
Net
Revenues |
|
1,378.4 |
|
1,562.0 |
|
13.3 |
% |
|
|
|
|
|
|
|
|
Net
Income attributable to Autohome Inc. |
|
345.8 |
|
517.7 |
|
49.7 |
% |
|
|
|
|
|
|
|
|
Adjusted Net Income attributable to Autohome Inc.2 |
|
395.7 |
|
565.2 |
|
42.8 |
% |
|
|
|
|
|
|
|
|
Diluted Earnings Per Share3 |
|
2.99 |
|
4.40 |
|
47.2 |
% |
Unaudited Second Quarter 2017 Financial
Results
Net
Revenues
Net revenues increased 13.3% to RMB1,562.0
million ($230.4 million) from RMB1,378.4 million in the
corresponding period of 2016. The increase was mainly due to a
36.5% increase in revenues from media and leads generation
services.
- Media services revenues increased 34.1% to
RMB799.4 million ($117.9 million) from
RMB596.2 million in the corresponding period of 2016. The
increase was mainly due to an increase in average revenue per
automaker advertiser as automakers continue to allocate a greater
portion of their advertising budgets to the Company’s online
advertising and marketing channels as more diversified and
optimized products offerings are developed.
- Leads generation services revenues increased
39.5% to RMB659.7 million ($97.3 million) from RMB472.7
million in the corresponding period of 2016. The increase was
primarily attributable to a 23.8% year-over-year increase in
average revenue per paying dealer as dealers continue to allocate a
greater portion of their budgets to the Company's services.
- Online marketplace revenues were
RMB102.8 million ($15.2 million) compared to
RMB309.4 million in the corresponding period of 2016. In the
second quarter of 2017, the Company sold 647 vehicles and generated
RMB57.1 million ($8.4 million) in direct vehicle sales revenues.
This was in line with the Company’s strategy to de-emphasize direct
vehicle sales and focus on facilitating transactions.
Cost
of Revenues
Cost of revenues decreased 38.0% to RMB287.4
million ($42.4 million) from RMB463.8 million in the
corresponding period of 2016, primarily due to a decrease in cost
of goods sold related to direct vehicle sales. Excluding the cost
of goods sold, cost of revenues would have increased 37.4% to
RMB231.6 million ($34.2 million) from RMB168.6 million in the
corresponding period of 2016, primarily due to an increase in
valued-added tax and surcharges which were in line with the
increase in revenues from media and leads generation services. In
addition, cost of revenues included share-based compensation
expenses of RMB3.4 million ($0.5 million) during the
second quarter of 2017, compared to RMB3.0 million for the
corresponding period of 2016.
Operating Expenses
Operating expenses increased 35.3% to
RMB707.3 million ($104.3 million) from RMB522.9 million in the
corresponding period of 2016. This increase was mainly due to
increases in sales and marketing expenses and product development
expenses as the Company continues to reinvest in future growth
opportunities.
- Sales and marketing expenses increased 34.6%
to RMB412.3 million ($60.8 million) from RMB306.4 million in
the corresponding period of 2016. This increase was primarily due
to increased offline execution and promotional expenses. Sales and
marketing expenses for the second quarter of 2017 included
share-based compensation expenses of RMB13.7 million ($2.0
million), compared with RMB10.2 million in the corresponding period
of 2016.
- General and administrative expenses slightly
increased 3.1% to RMB79.7 million ($11.8 million) from RMB77.3
million in the corresponding period of 2016. General and
administrative expenses for the second quarter of 2017 included
share-based compensation expenses of RMB16.9 million ($2.5
million), compared with RMB24.8 million in the corresponding period
of 2016.
- Product development expenses increased 54.7%
to RMB215.4 million ($31.8 million) from RMB139.2 million in the
corresponding period of 2016. This increase was primarily
attributable to an increase in salaries and benefits associated
with growth in product development headcount, which is in line with
the Company's strategy of strengthening its technology and big data
analysis capabilities. Product development expenses for the second
quarter of 2017 included share-based compensation expenses of
RMB12.3 million ($1.8 million), compared with
RMB10.6 million in the corresponding period of 2016.
Operating Profit
Operating profit increased 44.8% to
RMB567.2 million ($83.7 million) from RMB391.8 million in
the corresponding period of 2016.
Income tax expense
Income tax expense increased 42.8% to RMB101.2
million ($14.9 million), compared to income tax expense of RMB70.9
million in the corresponding period of 2016, which is in line with
the increase in taxable income, as a result of overall revenue
growth and margin improvement.
Net Income attributable to Autohome
Inc. and EPS
Net income attributable to Autohome Inc.
increased 49.7% to RMB517.7 million ($76.4 million) from
RMB345.8 million in the corresponding period of 2016. Basic
and diluted earnings per share and per ADS (“EPS”) were RMB4.46
($0.66) and RMB4.40 ($0.65), respectively, compared with basic and
diluted EPS in the corresponding period of 2016 of RMB3.04 and
RMB2.99, respectively.
Adjusted Net Income attributable to
Autohome Inc. and Non-GAAP
EPS
Adjusted net income attributable to Autohome
Inc., defined as net income attributable to Autohome Inc. excluding
share-based compensation expenses and amortization expenses of
intangible assets related to acquisitions, increased 42.8% to
RMB565.2 million ($83.4 million) from RMB395.7 million in the
corresponding period of 2016. Non-GAAP basic and diluted EPS were
RMB4.87 ($0.72) and RMB4.80 ($0.71), respectively, compared
with non-GAAP basic and diluted EPS in the corresponding period of
2016 of RMB3.48 and RMB3.42, respectively.
Balance Sheet and Cash Flow
As of June 30, 2017, the Company had cash and
cash equivalents and short-term investments of RMB6,286.8 million
($927.4 million). Net cash provided by operating activities in
the second quarter of 2017 was RMB107.2 million
($15.8 million).
Employees
The Company had 4,025 employees as of June 30,
2017.
Business Outlook
Autohome currently expects to generate net
revenues in the range of RMB1,480 million ($218.3 million) to
RMB1,520 million ($224.2 million) in the third quarter of fiscal
year 2017, representing a 0.3% to 3.1% year-over-year increase.
This forecast reflects the Company's current and
preliminary view on the market and operating conditions, which are
subject to change.
Conference Call Information
The Company will host an earnings conference call at 8:00 AM
U.S. Eastern Time on Wednesday, August 9, 2017 (8:00 PM Beijing
Time on the same day).
Dial-in details for the earnings conference call are as
follows:
United
States: |
|
+1-866-548-4713 |
Hong
Kong: |
|
+852-3008-1527 |
China
Domestic: |
|
4001-209-102 |
United
Kingdom: |
|
0800-358-6377 |
International: |
|
+1-719-457-2086 |
Please dial in ten minutes before the call is scheduled to begin
and provide the passcode to join the call. The passcode is
9758517.
A replay of the conference call may be accessed by phone at the
following numbers until Aug 15, 2017:
United
States: |
|
+1-719-457-0820 |
International: |
|
+61-2-9101-1954 |
Passcode: |
|
9758517
|
Additionally, a live and archived webcast of the conference call
will be available at http://ir.autohome.com.cn.
About Autohome Inc.
Autohome Inc. (NYSE:ATHM) is the leading online
destination for automobile consumers in China. Its mission is
to enhance the car-buying and ownership experience for auto
consumers in China. Autohome provides professionally produced and
user-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. As a transaction-centric company,
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
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.
Among other things, Autohome's business outlook, Autohome's
strategic and operational plans and quotations from management in
this announcement contain forward-looking statements. Autohome may
also make written or oral forward-looking statements in its
periodic reports to the Securities and Exchange Commission (“SEC”),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. 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, including but not
limited to the following: Autohome's goals and strategies;
Autohome's future business development, results of operations and
financial condition; the expected growth of the online automobile
advertising market in China; Autohome's ability to attract and
retain users and advertisers and further enhance its brand
recognition; Autohome's expectations regarding demand for and
market acceptance of its products and services; competition in the
online automobile advertising industry; fluctuations in general
economic and business conditions in China and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in Autohome's filings
with the SEC. 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.
Use of Non-GAAP Financial
Measures
To supplement net income presented in accordance
with U.S. GAAP, we use Adjusted Net Income attributable to Autohome
Inc., Non-GAAP basic and diluted EPS and Adjusted EBITDA as
non-GAAP financial measures. We define Adjusted Net Income
attributable to Autohome Inc. as net income attributable to
Autohome Inc. excluding share-based compensation expenses and
amortization expenses of intangible assets related to acquisitions.
We define Non-GAAP basic and diluted EPS as Adjusted Net Income
attributable to Autohome Inc. divided by the basic and diluted
weighted average number of ordinary shares. We define Adjusted
EBITDA as net income attributable to Autohome Inc. before income
tax expense/(benefit), depreciation expenses of property and
equipment and amortization expenses of intangible assets and
share-based compensation expenses. We present these non-GAAP
financial measures because they are used by our management to
evaluate our operating performance, in addition to net income
prepared in accordance with U.S. GAAP. We believe these non-GAAP
financial measures are important to help investors understand our
operating and financial performance, compare business trends among
different reporting periods on a consistent basis and assess our
core operating results, as they exclude certain expenses that are
not expected to result in cash payments. The use of the above
non-GAAP financial measures has certain limitations. Share-based
compensation expenses have been and will continue to be incurred in
the future and are not reflected in the presentation of the
non-GAAP financial measures, but should be considered in the
overall evaluation of our results. These non-GAAP financial
measures should be considered in addition to financial measures
prepared in accordance with GAAP, but should not be considered a
substitute for, or superior to, financial measures prepared in
accordance with GAAP. For more information on these non-GAAP
financial measures, please see the table captioned "Reconciliation
of non-GAAP and GAAP Results" set forth at the end of this press
release.
______________________
1 The reporting currency of the Company is
Renminbi (“RMB”). For the convenience of the reader, certain
amounts throughout the release are presented in US dollars (“$”).
Unless otherwise noted, all conversions from RMB to US$ are
translated at the noon buying rate of US$1.00 to RMB6.7793 on June
30, 2017 in the City of New York for cable transfers of RMB as
certified for customs purposes by the Federal Reserve Bank of New
York. No representation is made that the RMB amounts could have
been, or could be, converted into US$ at such rate.
2 Adjusted net income attributable to Autohome
Inc. is defined as net income attributable to Autohome Inc.
excluding share-based compensation expenses and amortization
expenses of intangible assets related to acquisitions. For more
information on this and other non-GAAP financial measures, please
see the section captioned "Use of Non-GAAP Financial Measures" and
the tables captioned "Reconciliations of Non-GAAP and GAAP Results"
set forth at the end of this release.
3 Each ordinary share equals one ADS.
AUTOHOME INC. |
CONSOLIDATED STATEMENTS OF OPERATIONS DATA |
(Amount in thousands, except per share data) |
|
|
For three months ended June
30, |
|
|
2016 |
|
2017 |
|
RMB |
|
RMB |
|
US$ |
|
(Unaudited) |
|
|
|
|
|
(Unaudited) |
|
|
|
(Unaudited) |
|
|
Net revenues: |
|
|
|
|
|
Media services |
596,238 |
|
|
799,431 |
|
|
117,922 |
|
Leads generation services |
472,732 |
|
|
659,690 |
|
|
97,309 |
|
Online marketplace |
309,410 |
|
|
102,847 |
|
|
15,171 |
|
Total net revenues |
1,378,380 |
|
|
1,561,968 |
|
|
230,402 |
|
|
|
|
|
|
|
Cost of revenues |
(463,750 |
) |
|
(287,390 |
) |
|
(42,392 |
) |
|
|
|
|
|
|
|
|
|
Gross profit |
914,630 |
|
|
1,274,578 |
|
|
188,010 |
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
Sales and marketing expenses |
(306,382 |
) |
|
(412,285 |
) |
|
(60,815 |
) |
General and administrative expenses |
(77,257 |
) |
|
(79,676 |
) |
|
(11,753 |
) |
Product development expenses |
(139,217 |
) |
|
(215,374 |
) |
|
(31,769 |
) |
Operating profit |
391,774 |
|
|
567,243 |
|
|
83,673 |
|
|
|
|
|
|
|
Interest income |
20,225 |
|
|
52,524 |
|
|
7,748 |
|
Loss from equity method investments |
(1,794 |
) |
|
(2,817 |
) |
|
(416 |
) |
Other income, net |
5,401 |
|
|
556 |
|
|
82 |
|
Income before income taxes |
415,606 |
|
|
617,506 |
|
|
91,087 |
|
|
|
|
|
|
|
Income tax expense |
(70,889 |
) |
|
(101,227 |
) |
|
(14,932 |
) |
Net income |
344,717 |
|
|
516,279 |
|
|
76,155 |
|
Net loss attributable to noncontrolling interests |
1,127 |
|
|
1,445 |
|
|
213 |
|
Net income attributable to Autohome Inc. |
345,844 |
|
|
517,724 |
|
|
76,368 |
|
Earnings per share for ordinary
shares |
|
|
|
|
|
Basic |
3.04 |
|
|
4.46 |
|
|
0.66 |
|
Diluted |
2.99 |
|
|
4.40 |
|
|
0.65 |
|
|
|
|
|
|
|
Weighted average shares used to compute |
|
|
|
|
earnings per share attributable to Class A
and |
|
|
|
|
Class B common stockholders: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
|
|
113,705,128 |
|
|
|
116,011,952 |
|
116,011,952 |
|
Diluted |
|
|
115,858,526 |
|
|
|
117,667,127 |
|
117,667,127 |
|
|
|
|
|
|
|
AUTOHOME INC. |
RECONCILIATION OF NON-GAAP AND GAAP RESULTS |
(Amount in thousands, except per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For three months ended June 30, |
|
|
|
2016 |
|
2017 |
|
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
|
Net income attributable to Autohome
Inc. |
345,844 |
|
517,724 |
|
76,368 |
|
|
Plus:
income tax expense |
70,889 |
|
101,227 |
|
14,932 |
|
|
Plus:
depreciation of property and equipment |
15,923 |
|
20,599 |
|
3,039 |
|
|
Plus:
amortization of intangible assets |
1,139 |
|
1,145 |
|
169 |
|
|
EBITDA |
433,795 |
|
640,695 |
|
94,508 |
|
|
Plus:
share-based compensation expenses |
48,733 |
|
46,322 |
|
6,833 |
|
|
Adjusted EBITDA |
482,528 |
|
687,017 |
|
101,341 |
|
|
|
|
|
|
|
|
|
|
Net
income attributable to Autohome Inc. |
345,844 |
|
517,724 |
|
76,368 |
|
|
Plus:
amortization of acquired intangible assets of Cheerbright, China
Topside and Norstar |
1,139 |
|
1,139 |
|
168 |
|
|
Plus:
share-based compensation expenses |
48,733 |
|
46,322 |
|
6,833 |
|
|
Adjusted Net Income attributable to
Autohome Inc. |
395,716 |
|
565,185 |
|
83,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
3.48 |
|
4.87 |
|
0.72 |
|
|
Diluted |
3.42 |
|
4.80 |
|
0.71 |
|
|
|
|
|
|
|
|
|
|
Weighted average shares used to |
|
|
|
|
|
|
|
compute earnings per share |
|
|
|
|
|
|
|
attributable to Class A and Class B |
|
|
|
|
|
|
|
common stockholders: |
|
|
|
|
|
|
|
Basic |
113,705,128 |
|
116,011,952 |
|
116,011,952 |
|
|
Diluted |
115,858,526 |
|
117,667,127 |
|
117,667,127 |
|
|
|
|
|
|
|
|
|
|
AUTOHOME INC. |
|
CONDENSED CONSOLIDATED BALANCE SHEETS |
|
(Amount in thousands, except as noted) |
|
|
|
As of December
31, |
|
As of June 30, |
|
|
|
2016 |
|
|
2017 |
|
|
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
(Audited) |
|
(Unaudited) |
|
|
(Unaudited) |
ASSETS |
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
Cash and
cash equivalents |
|
3,293,911 |
|
|
808,356 |
|
|
119,239 |
|
|
Restricted
cash |
|
9,319 |
|
|
- |
|
|
- |
|
|
Short-term
investments |
|
2,430,091 |
|
|
5,478,468 |
|
|
808,117 |
|
|
Accounts
receivable, net |
|
1,205,924 |
|
|
1,380,090 |
|
|
203,574 |
|
|
Inventories, net |
|
95,617 |
|
|
1,422 |
|
|
210 |
|
|
Amounts due
from related parties, current |
|
20,451 |
|
|
11,566 |
|
|
1,706 |
|
|
Prepaid
expenses and other current assets |
|
377,219 |
|
|
321,033 |
|
|
47,355 |
|
|
Total current assets |
|
7,432,532 |
|
|
8,000,935 |
|
|
1,180,201 |
|
|
Non-current assets: |
|
|
|
|
|
|
|
Property
and equipment, net |
|
134,574 |
|
|
138,162 |
|
|
20,380 |
|
|
Goodwill
and intangible assets, net |
|
1,533,945 |
|
|
1,531,656 |
|
|
225,931 |
|
|
Long-term
investments |
|
134,466 |
|
|
129,028 |
|
|
19,033 |
|
|
Deferred
tax assets, non-current |
|
121,663 |
|
|
181,646 |
|
|
26,794 |
|
|
Other
non-current assets |
|
34,846 |
|
|
41,008 |
|
|
6,049 |
|
|
Total non-current assets |
|
1,959,494 |
|
|
2,021,500 |
|
|
298,187 |
|
|
Total assets |
|
9,392,026 |
|
|
10,022,435 |
|
|
1,478,388 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
Current
liabilities: |
|
|
|
|
|
|
|
Accrued
expenses and other payables |
1,151,547 |
|
|
1,027,026 |
|
|
151,495 |
|
|
Advance from
customers |
|
75,882 |
|
|
44,189 |
|
|
6,518 |
|
|
Deferred revenue |
|
1,012,143 |
|
|
923,554 |
|
|
136,231 |
|
|
Notes payable |
|
31,063 |
|
|
- |
|
|
- |
|
|
Income tax payable |
|
256,775 |
|
|
282,924 |
|
|
41,734 |
|
|
Amounts due to related
parties |
|
16,630 |
|
|
11,357 |
|
|
1,675 |
|
|
Total current
liabilities |
|
2,544,040 |
|
|
2,289,050 |
|
|
337,653 |
|
|
Non-current
liabilities: |
|
|
|
|
|
|
|
Other liabilities |
|
34,977 |
|
|
34,977 |
|
|
5,159 |
|
|
Deferred tax
liabilities |
|
461,796 |
|
|
433,601 |
|
|
63,960 |
|
|
Total
non-current liabilities |
|
496,773 |
|
|
468,578 |
|
|
69,119 |
|
|
Total
liabilities |
|
3,040,813 |
|
|
2,757,628 |
|
|
406,772 |
|
|
|
|
|
|
|
|
|
|
Equity: |
|
|
|
|
|
|
|
Total Autohome
Inc. Shareholders’ equity |
|
6,360,404 |
|
|
7,277,925 |
|
|
1,073,551 |
|
|
Noncontrolling
interests |
|
(9,191 |
) |
|
(13,118 |
) |
|
(1,935 |
) |
|
Total
equity |
|
6,351,213 |
|
|
7,264,807 |
|
|
1,071,616 |
|
|
Total liabilities and equity |
9,392,026 |
|
|
10,022,435 |
|
|
1,478,388 |
|
|
For investor and media inquiries, please contact:
Vivian Xu
Investor Relations
Autohome Inc.
Tel: +86-10-5985-7017
Email: ir@autohome.com.cn
Christian Arnell
Christensen
Tel: +86-10-5900-1548
Email: carnell@christensenir.com
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