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 third quarter
ended September 30, 2017.
Third Quarter 2017 Financial
Highlights1
- Net Revenues increased 5.0% year-over-year to
RMB1,548.4 million ($232.7 million), exceeding the high end of the
Company’s original guidance of RMB1,520 million ($228.5 million).
- Media services and leads generation services
revenues increased 38.7% year-over-year to RMB1,498.3 million
($225.2 million).
- Net Income attributable to Autohome Inc.
increased 63.3% year-over-year to RMB426.1 million
($64.0 million).
- Net Cash Provided by Operating Activities was
RMB548.3 million ($82.4 million), an increase of 41.7%
year-over-year.
Third Quarter 2017 Operational
Highlights
- Continued Focus on Mobile Traffic: During the
third quarter of 2017, the number of average daily unique visitors
who accessed the Company’s primary “Autohome” application increased
by 28% compared with the third quarter of 2016, further enhancing
the Company’s dominant position among auto vertical applications in
China.
- Nationwide Expansion of Used Car Platform on
Track: The Company’s pilot Used Car Platform has expanded
to 85 cities in China and now covers approximately 5,300
dealers. This one-stop total solution for used car dealers
offers many innovative services, including reliable used car
sourcing, inventory management, customer relations management
(“CRM”), online marketing and channel management, as well as
a wider array of financing options that enable used car
dealers to strengthen leads generation, increase sales and
improve inventory turnover.
Mr. Min Lu, Chairman and Chief Executive Officer
of Autohome, stated, “Our strong execution on all of our strategic
initiatives during the quarter resulted in revenue growing 38.7%
year-over-year for the media and leads generation services
combined. Going forward, we remain committed to strengthening our
competitive advantage in the core media and leads generation
business as we increasingly benefit from our two newest initiatives
in data solutions and auto-financing. Our core media and leads
generation business continues to drive our robust performance, and
we target to focus on growing these two businesses by further
optimizing the user experience, enhancing user engagement,
expanding the target audience, increasing mobile traffic to
Autohome branded apps and websites, streamlining auto searches,
leveraging our newly upgraded Dealer Cloud Platform to strengthen
the vehicle selection and purchase process, as well as growing
leads volumes and conversion rates.”
“In addition to our core business, big data is
one of our key competitive advantages which we are leveraging. We
have launched our data product suites earlier this month, and we
expect the advanced data will reinforce our entire ecosystem by
providing highly differentiated value to our clients. Our
auto-financing initiative continues to progress well with an
expanding variety of products covering loans, leases and insurances
services for consumers and dealers. We expect auto-financing to
better facilitate transactions for clients on our online
marketplace. We will continue to develop synergies between
our core media and leads generation business and our new data and
auto-financing initiatives to realize the enormous growth potential
our platform,” concluded Mr. Min Lu.
Mr. Jun Zou, Chief Financial Officer of
Autohome, added, “As we enter the second half of the year, we
continue to exceed our growth and margin expectations as net income
increased 63.3% year-over-year. By maintaining discipline in our
execution, enhancing consumer engagement and strengthening our
financial position, I am confident in our ability to achieve our
targets by the end of the year. This means that we are on the
right path to achieve our strategic vision of building a reliable,
consumer-driven platform with valuable data, content and high
quality leads. While we are generating significant cash flow,
we will continue to invest in innovative technology and digital
marketing that enable our auto partners to improve leads
conversion, enhance management of listings and advertising, and
close automobile-related sales more efficiently. Given our strong
cash position and ability to generate positive cash flow, our board
of directors has approved a special cash dividend of approximately
$90.2 million in the aggregate or $0.76 per ADS/ordinary
share.”
Overview of Key Financial Results for Third Quarter
2017
Key Financial Results
(In
RMB Millions except for per share data) |
3Q2016 |
|
3Q2017 |
|
% Change |
|
|
|
|
|
|
Net
Revenues |
1,474.9 |
|
1,548.4 |
|
5.0 |
% |
|
|
|
|
|
|
|
Net
Income attributable to Autohome Inc. |
260.9 |
|
426.1 |
|
63.3 |
% |
|
|
|
|
|
|
|
Adjusted Net Income attributable to Autohome Inc.2 |
292.0 |
|
475.8 |
|
62.9 |
% |
|
|
|
|
|
|
|
Diluted Earnings Per Share3 |
2.25 |
|
3.59 |
|
59.6 |
% |
|
|
|
|
|
|
|
Net
Cash Provided by Operating Activities |
386.9 |
|
548.3 |
|
41.7 |
% |
|
|
|
|
|
|
|
Unaudited Third Quarter 2017 Financial
Results
Net
Revenues
Net revenues increased 5.0% to RMB1,548.4
million ($232.7 million) from RMB1,474.9 million in the
corresponding period of 2016. The increase was mainly due to a
38.7% increase in revenues from media and leads generation
services.
- Media services revenues increased 38.1% to
RMB797.5 million ($119.9 million) from
RMB577.2 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, with increasingly diversified
and optimized products being offered.
- Leads generation services revenues increased
39.3% to RMB700.8 million ($105.3 million) from RMB503.3
million in the corresponding period of 2016. The increase was
primarily attributable to a 20.2% 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, as well
as an expanded dealer client base.
- Online marketplace revenues were
RMB50.1 million ($7.5 million) compared to
RMB394.4 million in the corresponding period of 2016. Online
marketplace revenues during the third quarter of 2017 primarily
consisted of revenues from platform-based services offered on
Autohome Mall and the Company’s auto-financing business. This was
the result of implementing the Company’s strategy to de-emphasize
direct vehicle sales and focus on facilitating transactions.
Cost of Revenues
Cost of revenues decreased 48.0% to RMB304.0
million ($45.7 million) from RMB585.1 million in the
corresponding period of 2016, primarily due to decrease in cost of
goods sold related to direct vehicle sales. In addition, cost of
revenues included share-based compensation expenses of
RMB3.9 million ($0.6 million) during the third quarter of
2017, compared to RMB3.5 million for the corresponding period of
2016.
Operating Expenses
Operating expenses increased 20.5% to
RMB717.2 million ($107.8 million) from RMB595.3 million in the
corresponding period of 2016. This increase was mainly due to
increases in product development expenses and sales and marketing
expenses as the Company continues to reinvest in future growth
opportunities.
- Sales and marketing expenses increased 10.0%
to RMB422.3 million ($63.5 million) from RMB383.8 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 third quarter of 2017 included
share-based compensation expenses of RMB11.6 million ($1.7
million), compared with RMB14.1 million in the corresponding period
of 2016.
- General and administrative expenses increased
39.9% to RMB87.4 million ($13.1 million) from RMB62.5 million
in the corresponding period of 2016, primarily attributable to an
increase in salaries and benefits. General and administrative
expenses for the third quarter of 2017 included share-based
compensation expenses of RMB25.1 million ($3.8 million).
- Product development expenses increased 39.3%
to RMB207.5 million ($31.2 million) from RMB148.9 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 third
quarter of 2017 included share-based compensation expenses of
RMB8.0 million ($1.2 million), compared with
RMB12.9 million in the corresponding period of 2016.
Operating Profit
Operating profit increased 79.0% to
RMB527.2 million ($79.2 million) from RMB294.5 million in
the corresponding period of 2016.
Income tax expense
Income tax expense increased 152.0% to RMB166.0
million ($24.9 million), compared to income tax expense of RMB65.9
million in the corresponding period of 2016. The increase was
primarily due to an increase in taxable income and withholding tax
liability associated with special cash dividend.
Net Income attributable to Autohome
Inc. and EPS
Net income attributable to Autohome Inc.
increased 63.3% to RMB426.1 million ($64.0 million) from
RMB260.9 million in the corresponding period of 2016. Basic
and diluted earnings per share and per ADS (“EPS”) were RMB3.65
($0.55) and RMB3.59 ($0.54), respectively, compared with basic and
diluted EPS in the corresponding period of 2016 of RMB2.27 and
RMB2.25, 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 62.9% to
RMB475.8 million ($71.5 million) from RMB292.0 million in the
corresponding period of 2016. Non-GAAP basic and diluted EPS were
RMB4.07 ($0.61) and RMB4.01 ($0.60), respectively, compared
with non-GAAP basic and diluted EPS in the corresponding period of
2016 of RMB2.54 and RMB2.52, respectively.
Balance Sheet and Cash Flow
As of September 30, 2017, the Company had cash
and cash equivalents and short-term investments of RMB6,884.2
million ($1,034.7 million). Net cash provided by operating
activities in the third quarter of 2017 was RMB548.3 million
($82.4 million), compared with RMB386.9 million in the
corresponding period of 2016.
Employees
The Company had 4,034 employees as of September
30, 2017.
Declaration of Special Cash
Dividend
Autohome’s board of directors has considered and
approved the declaration and payment of a special cash dividend to
the holders of ordinary shares of par value US$0.01 each in the
Company out of the Company’s cash balances in U.S. Dollars in an
aggregate amount of RMB600 million (inclusive of applicable taxes,
fees and expenses), or approximately RMB5.08 per ordinary share
(inclusive of applicable taxes, fees and expenses) based on
118,162,300 ordinary shares outstanding as of September 30, 2017
(approximately $90.2 million in the aggregate or $0.76 per ordinary
share, inclusive of applicable taxes, fees and expenses and
translated using the exchange rate on September 29, 2017 being
RMB6.6533 to $1.00). The final total amount and per share amount of
dividends in U.S. Dollars to be paid to the holders of ordinary
shares will be subject to the actual exchange rate between the RMB
and the U.S. Dollars on the date when the RMB600 million is
exchanged to U.S. Dollars, and the Company's total number of
ordinary shares outstanding as of the record date (as indicated
below). The special cash dividend will be paid on or about January
15, 2018 to the holders of ordinary shares of the Company of record
as of the close of business on January 4, 2018 (the "Record Date").
Dividends to be paid to the Company's ADS holders through the
depositary bank will be subject to the terms of the deposit
agreement, including the fees and expenses payable thereunder.
Business Outlook
Autohome currently expects to generate net
revenues in the range of RMB1,690 million ($254.0 million) to
RMB1,710 million ($257.0 million) in the fourth quarter of fiscal
year 2017, representing a 16.1% to 15.1% year-over-year decrease.
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 7:00 AM
U.S. Eastern Time on Tuesday, November 7, 2017 (8:00 PM Beijing
Time on the same day).
Dial-in details for the earnings conference call are as
follows:
United States: |
|
800-289-0438 |
Hong Kong: |
|
800-961-105 |
China Domestic: |
|
4001-209-221 |
United Kingdom: |
|
0800-279-7204 |
International: |
|
+1-323-794-2423 |
Passcode
|
|
4219410 |
Please dial in ten minutes before the call is scheduled to begin
and provide the passcode to join the call.
A replay of the conference call may be accessed by phone at the
following numbers until November 13, 2017:
United States: |
|
+1-719-457-0820 |
International: |
|
+61-2-9101-1954 |
Passcode: |
|
4219410
|
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 within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, and as
defined in 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.
For investor and media inquiries, please
contact:
Vivian Xu
Investor RelationsAutohome Inc.Tel:
+86-10-5985-7017Email: ir@autohome.com.cn
Christian ArnellChristensenTel:
+86-10-5900-1548Email: carnell@christensenir.com
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$1.00 to RMB6.6533 on September 29, 2017 in the City of
New York for cable transfers of RMB as certified for customs
purposes by the Federal Reserve Bank of New York. No representation
is made that the RMB amounts could have been, or could be,
converted into US$ 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 September
30, |
|
|
2016 |
|
2017 |
|
|
RMB |
|
RMB |
|
US$ |
|
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
Net revenues: |
|
|
|
|
|
|
Media services |
577,262 |
|
|
797,453 |
|
|
119,858 |
|
Leads generation services |
503,267 |
|
|
700,823 |
|
|
105,335 |
|
Online marketplace |
394,386 |
|
|
50,136 |
|
|
7,536 |
|
Total net revenues |
1,474,915 |
|
|
1,548,412 |
|
|
232,729 |
|
|
|
|
|
|
|
Cost of revenues |
(585,092 |
) |
|
(304,028 |
) |
|
(45,696 |
) |
Gross profit |
889,823 |
|
|
1,244,384 |
|
|
187,033 |
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
Sales and marketing expenses |
(383,849 |
) |
|
(422,334 |
) |
|
(63,477 |
) |
General and administrative expenses |
(62,499 |
) |
|
(87,438 |
) |
|
(13,142 |
) |
Product development expenses |
(148,946 |
) |
|
(207,450 |
) |
|
(31,180 |
) |
Operating profit |
294,529 |
|
|
527,162 |
|
|
79,234 |
|
|
|
|
|
|
|
Interest income |
22,873 |
|
|
61,512 |
|
|
9,245 |
|
Loss from equity method investments |
(1,317 |
) |
|
(481 |
) |
|
(72 |
) |
Other income, net |
1,058 |
|
|
2,850 |
|
|
428 |
|
Income before income taxes |
317,143 |
|
|
591,043 |
|
|
88,835 |
|
|
|
|
|
|
|
Income tax expense |
(65,858 |
) |
|
(165,974 |
) |
|
(24,946 |
) |
Net income |
251,285 |
|
|
425,069 |
|
|
63,889 |
|
Net loss attributable to noncontrolling interests |
9,639 |
|
|
1,011 |
|
|
152 |
|
Net income attributable to Autohome Inc. |
260,924 |
|
|
426,080 |
|
|
64,041 |
|
|
|
|
|
|
|
Earnings per share for ordinary
shares |
|
|
|
|
|
Basic |
2.27 |
|
|
3.65 |
|
|
0.55 |
|
Diluted |
2.25 |
|
|
3.59 |
|
|
0.54 |
|
|
|
Weighted average shares used to compute earnings per share
attributable to Class A and Class B common
stockholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
114,771,935 |
|
|
|
|
|
|
116,784,140 |
|
|
|
|
|
116,784,140 |
|
Diluted |
|
116,035,366 |
|
|
|
|
|
|
118,668,278 |
|
|
|
|
|
118,668,278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AUTOHOME INC. RECONCILIATION OF NON-GAAP AND GAAP
RESULTS (Amount in thousands, except per share data) |
|
|
|
|
|
|
|
For three months ended September
30, |
|
2016 |
|
2017 |
|
RMB |
|
RMB |
|
US$ |
|
(Unaudited) |
|
(Unaudited) |
|
(Unaudited) |
|
|
|
|
|
|
Net income attributable to Autohome
Inc. |
260,924 |
|
426,080 |
|
64,041 |
Plus:
income tax expense |
65,858 |
|
165,974 |
|
24,946 |
Plus:
depreciation of property and equipment |
15,654 |
|
20,707 |
|
3,112 |
Plus:
amortization of intangible assets |
1,139 |
|
1,730 |
|
260 |
EBITDA |
343,575 |
|
614,491 |
|
92,359 |
Plus:
share-based compensation expenses |
29,985 |
|
48,602 |
|
7,305 |
Adjusted EBITDA |
373,560 |
|
663,093 |
|
99,664 |
|
|
|
|
|
|
Net
income attributable to Autohome Inc. |
260,924 |
|
426,080 |
|
64,041 |
Plus:
amortization of acquired intangible assets of Cheerbright, China
Topside and Norstar |
1,139 |
|
1,139 |
|
171 |
Plus:
share-based compensation expenses |
29,985 |
|
48,602 |
|
7,305 |
Adjusted Net Income attributable to
Autohome Inc. |
292,048 |
|
475,821 |
|
71,517 |
|
|
|
|
|
|
|
|
|
|
|
Basic |
2.54 |
|
4.07 |
|
0.61 |
Diluted |
2.52 |
|
4.01 |
|
0.60 |
|
|
|
|
|
|
Weighted average shares used to compute earnings per share
attributable to Class A and Class B common
stockholders: |
|
|
|
|
|
|
|
|
|
|
|
Basic |
114,771,935 |
|
116,784,140 |
|
116,784,140 |
Diluted |
116,035,366 |
|
118,668,278 |
|
118,668,278 |
|
|
|
|
|
|
|
|
|
|
|
|
AUTOHOME INC. |
|
CONDENSED CONSOLIDATED BALANCE SHEETS |
|
(Amount in thousands, except as noted) |
|
|
|
|
|
As of December
31, |
|
As of September
30, |
|
|
|
2016 |
|
2017 |
|
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
(Audited) |
|
(Unaudited) |
|
|
(Unaudited) |
|
ASSETS |
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
Cash and
cash equivalents |
|
3,293,911 |
|
|
1,286,027 |
|
|
193,292 |
|
|
Restricted
cash |
|
9,319 |
|
|
- |
|
|
- |
|
|
Short-term
investments |
|
2,430,091 |
|
|
5,598,215 |
|
|
841,419 |
|
|
Accounts
receivable, net |
|
1,205,924 |
|
|
1,619,015 |
|
|
243,340 |
|
|
Inventories, net |
|
95,617 |
|
|
5,402 |
|
|
812 |
|
|
Amounts due
from related parties, current |
|
20,451 |
|
|
17,012 |
|
|
2,557 |
|
|
Prepaid
expenses and other current assets |
|
377,219 |
|
|
184,261 |
|
|
27,695 |
|
|
Total current assets |
|
7,432,532 |
|
|
8,709,932 |
|
|
1,309,115 |
|
|
Non-current assets: |
|
|
|
|
|
|
|
Property
and equipment, net |
|
134,574 |
|
|
136,898 |
|
|
20,576 |
|
|
Goodwill
and intangible assets, net |
|
1,533,945 |
|
|
1,558,057 |
|
|
234,178 |
|
|
Long-term
investments |
|
134,466 |
|
|
152,547 |
|
|
22,928 |
|
|
Deferred
tax assets, non-current |
|
121,663 |
|
|
190,427 |
|
|
28,621 |
|
|
Other
non-current assets |
|
34,846 |
|
|
30,341 |
|
|
4,560 |
|
|
Total non-current assets |
|
1,959,494 |
|
|
2,068,270 |
|
|
310,863 |
|
|
Total assets |
|
9,392,026 |
|
|
10,778,202 |
|
|
1,619,978 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
Current
liabilities: |
|
|
|
|
|
|
|
Accrued
expenses and other payables |
1,151,547 |
|
|
1,385,796 |
|
|
208,287 |
|
|
Advance from
customers |
|
75,882 |
|
|
48,047 |
|
|
7,222 |
|
|
Deferred revenue |
|
1,012,143 |
|
|
712,000 |
|
|
107,015 |
|
|
Notes payable |
|
31,063 |
|
|
- |
|
|
- |
|
|
Income tax payable |
|
256,775 |
|
|
315,356 |
|
|
47,398 |
|
|
Amounts due to related
parties |
|
16,630 |
|
|
6,970 |
|
|
1,048 |
|
|
Total current
liabilities |
|
2,544,040 |
|
|
2,468,169 |
|
|
370,970 |
|
|
Non-current
liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities |
|
34,977 |
|
|
34,977 |
|
|
5,257 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax
liabilities |
|
461,796 |
|
|
504,974 |
|
|
75,898 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
non-current liabilities |
|
496,773 |
|
|
539,951 |
|
|
81,155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
liabilities |
|
3,040,813 |
|
|
3,008,120 |
|
|
452,125 |
|
|
|
|
|
|
|
|
|
|
Equity: |
|
|
|
|
|
|
|
Total Autohome
Inc. Shareholders’ equity |
|
6,360,404 |
|
|
7,784,211 |
|
|
1,169,977 |
|
|
Noncontrolling
interests |
|
(9,191 |
) |
|
(14,129 |
) |
|
(2,124 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Total
equity |
|
6,351,213 |
|
|
7,770,082 |
|
|
1,167,853 |
|
|
Total liabilities and equity |
9,392,026 |
|
|
10,778,202 |
|
|
1,619,978 |
|
|
|
|
|
|
|
|
|
|
|
|
Autohome (NYSE:ATHM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Autohome (NYSE:ATHM)
Historical Stock Chart
From Apr 2023 to Apr 2024