Leidi.com Lotte July 27
Autohome (NYSE: ATHM, HKEX: 2518) announced its earnings today. The financial report shows that the net income of Autohome in the second quarter of 2023 will be 1.833 billion yuan (253 million U.S. dollars), and the same period in 2022 will be 1.733 billion yuan.
Autohome's media service revenue in the second quarter of 2023 will be 532 million yuan (US$73.4 million), compared with 531 million yuan in the same period in 2022; the clue service revenue in the second quarter of 2023 will be 760 million yuan (105 million US dollars), compared with the same period in 2022 753 million yuan; online marketing and other revenues are 541 million yuan (74.7 million U.S. dollars), and 450 million yuan in the same period in 2022. The increase was mainly due to the increased contribution from Tiantian Paiche and data products.
Net profit attributable to Autohome in the second quarter of 2023 will be 505 million yuan ($69.6 million), compared with 435 million yuan in the same period in 2022. Net income attributable to common stockholders was 491 million yuan ($67.7 million) in the second quarter of 2023, compared with 423 million yuan in the same period in 2022.
Adjusted net income (non-GAAP) attributable to Autohome in the second quarter of 2023 was RMB 570 million (US$78.5 million), compared to RMB 472 million in the same period in 2022.
As of July 21, 2023, the company has repurchased 4,697,330 American depositary shares for a total amount of approximately $141 million.
As of June 30, 2023, Autohome's cash and cash equivalents and short-term investments totaled RMB 23.34 billion (US$3.22 billion). Net cash flow from operating activities for the second quarter of 2023 was RMB 522 million (US$72 million).
As of June 30, 2023, Autohome had a total of 5,500 employees, including 2,177 employees from Tiantian Paiche.
Autohome announced today that Liu Zheng and Lu Jun have resigned as directors of Autohome due to other personal reasons, effective immediately. Autohome would like to take this opportunity to express its gratitude to Liu Zheng and Lu Jun for their valuable contributions to Autohome during their term of office.
In addition, Autohome is pleased to announce that Ms. Ding Keke has been appointed as a director of Autohome's board of directors and a member of the remuneration committee and Dr. Lu Fan has been appointed as a director of the board of directors with immediate effect.
Long Quan, Chairman of the Board of Directors and CEO of Autohome, said: "In the second quarter, we promoted the implementation of Autohome's large C-end strategy, and made steady progress in content quality, ecological diversification, and traffic panorama. In mid-June, We actively responded to the national policy of "new energy vehicles going to the countryside" and launched the first caravan-style holographic cabin in China, making full use of its mobile characteristics to provide consumers in low-tier cities with more comprehensive information on new energy vehicles and help new energy vehicles The brand goes deep into the sinking market. "
Long Quan pointed out: "We also launched the first Autohome Energy Space Station franchise store in Haikou City, Hainan Province, marking the beginning of the nationwide expansion of this new retail franchise model. In addition, we have also accelerated the adoption of AI technology across the country. The application of scenarios helps partners reduce costs and improve efficiency. We have developed two decision-making support products based on the GPT model to provide users and customers with more efficient services."
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