BEIJING, May 11, 2023
/PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome"
or the "Company"), the leading online destination for automobile
consumers in China, today
announced its unaudited financial results for the three months
ended March 31, 2023.
First Quarter
2023 Highlights[1]
- Net Revenues in the first quarter of 2023 were
RMB1,533.6 million (US$223.3 million), compared to RMB1,471.3 million in the corresponding period of
2022.
- Net Income attributable to Autohome in the first quarter
of 2023 was RMB405.5 million
(US$59.0 million), compared to
RMB318.2 million in the
corresponding period of 2022, and net income attributable to
ordinary shareholders in the first quarter of 2023 was
RMB392.8 million (US$57.2 million), compared to RMB307.5 million in the corresponding period
of 2022.
- Adjusted Net Income attributable to Autohome
(Non-GAAP)[2] in the first quarter
of 2023 was RMB483.5 million
(US$70.4 million), compared to
RMB437.5 million in the corresponding
period of 2022.
- Share Repurchase: As of May 5,
2023, the Company had repurchased 3,939,934 American
depositary shares ("ADSs") for a total cost of approximately
US$118.8 million.
Mr. Quan Long, Chairman of the
Board of Directors and Chief Executive Officer of Autohome, stated,
"We began the year by rolling out a series of
initiatives to broaden the reach of our dual ecosystem,
comprised of user service and customer service. On the user
side, we launched our C-end strategy to enrich our
platform services, expanding from our previous focus on car
consumption to capture all aspects of cars' life span. This shift
is transforming our platform's overall content, empowering us to
address a wider range of automobile consumers' needs and has helped
us gain great user traction, as reflected by the 41.9%
year-over-year growth of our mobile daily active users in
March 2023 to reach a record high of
64.15 million, according to QuestMobile. On the customer
side, we have fully implemented our new Autohome Energy
Space retail model and initiated franchise stores,
further augmenting the scale of our new retail services. We have
also made strides in product and technology creation, with
expanded application scenarios for our digital products and new
AI-powered data products for dealers. These advancements have
broadened our business horizons with more comprehensive service
offerings that help us maintain our competitive
edge. Looking forward, we will continue to create and
promote more market innovation-led products and services that
support our ability to deliver long-term value to the
automotive industry and all of our stakeholders."
Mr. Craig Yan Zeng, Chief
Financial Officer of Autohome, added, "We delivered a solid
performance in the first quarter as total revenues increased by 4%
year-over-year, led by strong growth in our media services.
Notably, revenues from TTP Car Inc. and data products resumed
their upward trajectory, and revenue contribution from new
energy vehicle brands continued to rise
significantly with a growth rate once again
outperforming the market. In addition, the first quarter saw a
rapid upward trend in all of our key indicators for our data
products for dealers. The number of dealer customers for data
products, the average revenue of data products per dealer store and
the average number of data products adopted by each dealer store
all grew by double-digits compared to the
prior year period. As we move through 2023, we will
remain committed to leveraging technology to maximize our strengths
and empower the industry, while also exploring new business
opportunities to propel our long-term sustainable growth."
[1] The reporting
currency of the Company is Renminbi ("RMB"). For the convenience of
readers, certain amounts throughout the release are presented in US
dollars ("US$"). Unless otherwise noted, all conversions from RMB
to US$ are translated at the noon buying rate of US$1.00 to
RMB6.8676 on March 31, 2023 in the City of New York for cable
transfers of RMB as certified for customs purposes by the Federal
Reserve Bank of New York. No representation is made that the RMB
amounts could have been, or could be, converted into US$ at such
rate.
|
[2] 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 "Unaudited Reconciliations of Non-GAAP and
GAAP Results" set forth at the end of this release.
|
Unaudited First Quarter 2023 Financial Results
Net Revenues
Net revenues in the first quarter of 2023 were RMB1,533.6 million (US$223.3 million), compared to RMB1,471.3 million in the corresponding period of
2022.
- Media services revenues were RMB361.5 million (US$52.6
million) in the first quarter of 2023, compared to
RMB266.8 million in the corresponding
period of 2022.
- Leads generation services revenues were
RMB680.6 million (US$99.1 million) in the first quarter of 2023,
compared to RMB708.2 million in the
corresponding period of 2022.
- Online marketplace and others revenues
were RMB491.5 million (US$71.6
million) in the first quarter of 2023, compared to
RMB496.3 million in the corresponding
period of 2022.
Cost of Revenues
Cost of revenues was RMB340.2 million (US$49.5 million) in the first quarter of
2023, compared to RMB255.0 million in the corresponding period
of 2022. The increase was primarily attributable to the growth
of operational costs. Share-based compensation expense
included in cost of revenues in the first quarter of 2023
was RMB2.1 million (US$0.3
million), compared to RMB3.5
million in the corresponding period of 2022.
Operating Expenses
Operating expenses were RMB996.6 million (US$145.1 million) in the first quarter of 2023,
compared to RMB1,084.1 million in the corresponding period of
2022.
- Sales and marketing expenses were RMB523.1 million (US$76.2
million) in the first quarter of 2023, compared to
RMB592.3 million in the corresponding
period of 2022. The decrease was primarily attributable to a
decline in marketing and promotional spending.
Share-based compensation expense included in sales and
marketing expenses in the first quarter of 2023 was
RMB10.0 million (US$1.5 million), compared to RMB8.4 million in the corresponding period of
2022.
- General and administrative expenses were RMB149.2 million (US$21.7 million) in the first quarter of
2023, compared to RMB136.6 million in
the corresponding period of 2022. Share-based compensation
expense included in general and administrative
expenses in the first quarter of 2023
was RMB12.3 million (US$1.8
million), compared to RMB16.1 million in the corresponding period
of 2022.
- Product development expenses were RMB324.4 million (US$47.2 million) in the first quarter of
2023, compared to RMB355.2 million in
the corresponding period of 2022. Share-based compensation
expense included in product development expenses in
the first quarter of 2023 was RMB21.7
million (US$3.2 million),
compared to RMB12.9 million in the
corresponding period of 2022.
Operating Profit
Operating profit was RMB263.2 million (US$38.3 million) in the first quarter of 2023,
compared to RMB241.2 million in
the corresponding period of 2022.
Income Tax Expense
There was an income tax expense of RMB54.7 million (US$8.0
million) in the first quarter of 2023, compared to
RMB8.0 million in the corresponding
period of 2022. The increase was primarily attributable to the
lower income tax expense in the first quarter of 2022 which was
caused by the true up adjustment of a preferential rate of 5% for
withholding tax on cash dividends.
Net Income Attributable to Autohome
Net income attributable to Autohome was RMB405.5 million (US$59.0
million) in the first quarter of 2023, compared to
RMB318.2 million in the corresponding
period of 2022.
Net Income Attributable to
Ordinary Shareholders and Earnings per
Share/ADS
Net income attributable to ordinary shareholders was
RMB392.8 million (US$57.2 million) in the first quarter of 2023,
compared to RMB307.5 million in the
corresponding period of 2022. Basic and diluted earnings per share
("EPS") were RMB0.80 (US$0.12) and RMB0.79 (US$0.12),
respectively, in the first quarter of 2023, compared to basic and
diluted EPS of RMB0.61 and
RMB0.61, respectively, in the
corresponding period of 2022. Basic and diluted earnings per ADS
were RMB3.18 (US$0.46) and RMB3.17 (US$0.46),
respectively, in the first quarter of 2023, compared to basic and
diluted earnings per ADS of RMB2.44
and RMB2.44, respectively, in the
corresponding period of 2022.
Adjusted Net Income Attributable to
Autohome (Non-GAAP) and Non-GAAP
EPS/ADS
Adjusted net income attributable to Autohome (Non-GAAP) was
RMB483.5 million (US$70.4 million) in the first quarter of
2023, compared to RMB437.5 million in
the corresponding period of 2022. Non-GAAP basic and diluted
EPS were RMB0.98 (US$0.14) and RMB0.98 (US$0.14),
respectively, in the first quarter of 2023, compared to non-GAAP
basic and diluted EPS of RMB0.87 and
RMB0.87, respectively, in the
corresponding period of 2022. Non-GAAP basic and diluted earnings
per ADS were RMB3.92 (US$0.57) and RMB3.91 (US$0.57),
respectively, in the first quarter of 2023, compared to non-GAAP
basic and diluted earnings per ADS of RMB3.47 and RMB3.47, respectively, in the corresponding
period of 2022.
Balance Sheet and Cash Flow
As of March 31, 2023, the Company
had cash and cash equivalents and short-term investments of
RMB22.71 billion (US$3.31 billion). Net cash provided by operating
activities in the first quarter of 2023 was RMB1,029.1 million (US$149.8 million).
Employees
The Company had 5,395 employees as of March 31, 2023, including 2,160 employees from
TTP Car, Inc.
Conference Call Information
The Company will host an earnings conference call at
8:00 AM U.S. Eastern Time on
Thursday, May 11, 2023 (8:00 PM
Beijing Time on the same day).
Please register in advance of the conference call using the
registration link provided below. Upon registering, each
participant will receive a set of participant dial-in numbers and a
personal PIN, which will be used to join the conference call.
Registration Link:
https://register.vevent.com/register/BI613628a34f1c4327b7324c39ee49f6e8
Please use the conference access information to join the call
ten minutes before the call is scheduled to begin.
Additionally, a live and archived webcast of the conference call
will be available at https://ir.autohome.com.cn and a replay of the
webcast will be available following the session.
About Autohome
Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online
destination for automobile consumers in China. Its mission is to engage, educate and
inform consumers about everything auto. Autohome provides
occupationally generated content, professionally generated content,
user-generated content, and AI-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. 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 https://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 announcements made on the website of The Stock Exchange of Hong
Kong Limited (the "Hong Kong Stock Exchange"), 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; relevant
government policies and regulatory environment of China; 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 and announcements on the website of
the Hong Kong Stock Exchange. 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, Non-GAAP basic
and diluted EPS and earnings per ADS, Adjusted net margin
and Adjusted EBITDA as non-GAAP financial measures. We define
Adjusted Net Income attributable to Autohome as net income
attributable to Autohome excluding share-based compensation
expenses, amortization of intangible assets resulting from business
acquisition, investment loss/(gain) relating to non-operating
impact of a write-down of the initial investment in a financial
product, and loss pickup of equity method investments, and
impairment of long-term investments, with all the reconciliation
items adjusted for related income tax effects. We define non-GAAP
basic and diluted EPS as Adjusted Net Income attributable to
Autohome divided by the basic and diluted weighted average number
of ordinary shares. We define non-GAAP basic and diluted earnings
per ADS as Adjusted Net Income attributable to Autohome divided by
the basic and diluted weighted average number of ADSs. We define
Adjusted net margin as Adjusted Net Income attributable to Autohome
divided by total net revenues. We define Adjusted EBITDA as net
income attributable to Autohome before income tax expense,
depreciation expenses of property and equipment, 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 non-cash charges or items that are
non-operating in nature. The use of the above non-GAAP financial
measures has certain limitations as they excluded certain items
that have been and will continue to be incurred in the future, but
such items 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 "Unaudited Reconciliation of non-GAAP and GAAP
Results" set forth at the end of this press release.
For investor and media inquiries, please contact:
In China:
Autohome Inc.
Investor Relations
Sterling Song
Investor Relations Director
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cn
The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: autohome@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: autohome@tpg-ir.com
AUTOHOME
INC.
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS DATA
(Amount in thousands,
except per share / per ADS data)
|
|
|
|
|
For three
months ended March 31,
|
|
|
2022
|
|
2023
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
Net
revenues:
|
|
|
|
|
|
|
Media
services
|
266,802
|
|
361,468
|
|
52,634
|
|
Leads generation
services
|
708,204
|
|
680,634
|
|
99,108
|
|
Online marketplace and
others
|
496,286
|
|
491,527
|
|
71,572
|
|
Total net
revenues
|
1,471,292
|
|
1,533,629
|
|
223,314
|
|
Cost of
revenues
|
(255,017)
|
|
(340,214)
|
|
(49,539)
|
|
Gross
profit
|
1,216,275
|
|
1,193,415
|
|
173,775
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
Sales and marketing
expenses
|
(592,254)
|
|
(523,116)
|
|
(76,172)
|
|
General and
administrative expenses
|
(136,562)
|
|
(149,156)
|
|
(21,719)
|
|
Product development
expenses
|
(355,247)
|
|
(324,366)
|
|
(47,231)
|
|
Total operating
expenses
|
(1,084,063)
|
|
(996,638)
|
|
(145,122)
|
|
Other operating income,
net
|
109,024
|
|
66,388
|
|
9,667
|
|
Operating
profit
|
241,236
|
|
263,165
|
|
38,320
|
|
Interest and investment
income, net
|
90,768
|
|
225,015
|
|
32,765
|
|
Loss from equity method
investments
|
(26,229)
|
|
(31,435)
|
|
(4,577)
|
|
Income before income
taxes
|
305,775
|
|
456,745
|
|
66,508
|
|
Income tax
expense
|
(8,040)
|
|
(54,681)
|
|
(7,962)
|
|
Net
income
|
297,735
|
|
402,064
|
|
58,546
|
|
Net loss attributable
to noncontrolling interests
|
20,513
|
|
3,438
|
|
501
|
|
Net income
attributable to Autohome
|
318,248
|
|
405,502
|
|
59,047
|
|
Accretion of mezzanine
equity
|
(30,876)
|
|
(36,499)
|
|
(5,315)
|
|
Accretion attributable
to noncontrolling interests
|
20,118
|
|
23,749
|
|
3,458
|
|
Net income
attributable to ordinary shareholders
|
307,490
|
|
392,752
|
|
57,190
|
|
|
|
|
|
|
|
|
Earnings per share
for ordinary shares
|
|
|
|
|
|
|
Basic
|
0.61
|
|
0.80
|
|
0.12
|
|
Diluted
|
0.61
|
|
0.79
|
|
0.12
|
|
Earnings per ADS
attributable to ordinary shareholders
(one ADS equals for four ordinary
shares)
|
|
|
|
|
|
|
Basic
|
2.44
|
|
3.18
|
|
0.46
|
|
Diluted
|
2.44
|
|
3.17
|
|
0.46
|
|
|
|
|
|
|
|
|
Weighted average
shares used to compute earnings per share attributable to
ordinary shareholders:
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
504,448,800
|
|
493,324,032
|
|
493,324,032
|
|
Diluted
|
504,709,220
|
|
494,826,708
|
|
494,826,708
|
|
|
|
|
|
|
|
|
AUTOHOME INC.
UNAUDITED
RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS
(Amount in thousands,
except per share / per ADS data)
|
|
|
|
|
|
|
|
|
For three months
ended March 31,
|
|
|
2022
|
|
2023
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
Net income
attributable to Autohome
|
318,248
|
|
405,502
|
|
59,047
|
|
Plus: income tax
expense
|
9,381
|
|
56,021
|
|
8,157
|
|
Plus: depreciation of
property and equipment
|
57,228
|
|
47,938
|
|
6,980
|
|
Plus: amortization of
intangible assets
|
10,837
|
|
10,840
|
|
1,578
|
|
EBITDA
|
395,694
|
|
520,301
|
|
75,762
|
|
Plus: share-based
compensation
expenses
|
40,861
|
|
46,185
|
|
6,725
|
|
Adjusted
EBITDA
|
436,555
|
|
566,486
|
|
82,487
|
|
|
|
|
|
|
|
|
Net income
attributable to Autohome
|
318,248
|
|
405,502
|
|
59,047
|
|
Plus: amortization of
intangible assets resulting from business
acquisition
|
10,722
|
|
10,722
|
|
1,561
|
|
Plus: share-based
compensation
expenses
|
40,861
|
|
46,185
|
|
6,725
|
|
Plus: investment
loss/(gain) arising from one of financial products
[3]
|
54,420
|
|
(5,813)
|
|
(846)
|
|
Plus: loss on equity
method investments, net
|
26,229
|
|
31,435
|
|
4,577
|
|
Plus: tax effects of
the adjustments
|
(12,947)
|
|
(4,520)
|
|
(658)
|
|
Adjusted net income
attributable to Autohome
|
437,533
|
|
483,511
|
|
70,406
|
|
|
|
|
|
|
|
|
Net income
attributable to Autohome
|
318,248
|
|
405,502
|
|
59,047
|
|
Net
margin
|
21.6 %
|
|
26.4 %
|
|
26.4 %
|
|
Adjusted net income
attributable to Autohome
|
437,533
|
|
483,511
|
|
70,406
|
|
Adjusted net
margin
|
29.7 %
|
|
31.5 %
|
|
31.5 %
|
|
|
|
|
|
|
|
|
Non-GAAP earnings
per share
|
|
|
|
|
|
|
Basic
|
0.87
|
|
0.98
|
|
0.14
|
|
Diluted
|
0.87
|
|
0.98
|
|
0.14
|
|
Non-GAAP earnings
per ADS (one ADS equals for four
ordinary shares)
|
|
|
|
|
|
|
Basic
|
3.47
|
|
3.92
|
|
0.57
|
|
Diluted
|
3.47
|
|
3.91
|
|
0.57
|
|
|
|
|
|
|
|
|
Weighted average
shares used to compute non-GAAP
earnings per share:
|
|
|
|
|
|
|
Basic
|
504,448,800
|
|
493,324,032
|
|
493,324,032
|
|
Diluted
|
504,709,220
|
|
494,826,708
|
|
494,826,708
|
|
|
|
|
|
|
|
|
[3] It represented
the loss or gain of an investment with fair value below its initial
investment, which was recognized at "interest and investment
income, net". The impact was considered to be not directly related
to the Company's operating activities.
|
AUTOHOME
INC.
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEET
|
(Amount in thousands,
except as noted)
|
|
As of
December
31,
|
|
As of March
31,
|
|
2022
|
|
2023
|
|
RMB
|
|
RMB
|
|
US$
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
2,801,299
|
|
1,877,864
|
|
273,438
|
Restricted
Cash
|
9,175
|
|
8,514
|
|
1,240
|
Short-term
investments
|
19,279,592
|
|
20,831,760
|
|
3,033,339
|
Accounts receivable,
net
|
1,927,699
|
|
1,803,067
|
|
262,547
|
Amounts due from
related parties, current
|
49,644
|
|
44,935
|
|
6,543
|
Prepaid expenses and
other current assets
|
357,522
|
|
438,882
|
|
63,906
|
Total current
assets
|
24,424,931
|
|
25,005,022
|
|
3,641,013
|
Non-current
assets
|
|
|
|
|
|
Restricted cash,
non-current
|
5,000
|
|
5,000
|
|
728
|
Property and equipment,
net
|
255,298
|
|
223,081
|
|
32,483
|
Goodwill and intangible
assets, net
|
4,220,305
|
|
4,200,833
|
|
611,689
|
Long-term
investments
|
419,208
|
|
387,772
|
|
56,464
|
Deferred tax
assets
|
265,606
|
|
265,606
|
|
38,675
|
Amounts due from
related parties, non-current
|
9,419
|
|
17,797
|
|
2,591
|
Other non-current
assets
|
116,052
|
|
218,943
|
|
31,881
|
Total non-current
assets
|
5,290,888
|
|
5,319,032
|
|
774,511
|
Total
assets
|
29,715,819
|
|
30,324,054
|
|
4,415,524
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accrued expenses and
other payables
|
2,537,281
|
|
2,236,441
|
|
325,651
|
Advance from
customers
|
96,047
|
|
119,692
|
|
17,429
|
Deferred
revenue
|
1,147,131
|
|
2,085,066
|
|
303,609
|
Income tax
payable
|
251,121
|
|
297,115
|
|
43,263
|
Amounts due to related
parties
|
27,096
|
|
32,121
|
|
4,677
|
Total current
liabilities
|
4,058,676
|
|
4,770,435
|
|
694,629
|
Non-current
liabilities
|
|
|
|
|
|
Other
liabilities
|
50,591
|
|
115,169
|
|
16,770
|
Deferred tax
liabilities
|
517,926
|
|
498,236
|
|
72,549
|
Total non-current
liabilities
|
568,517
|
|
613,405
|
|
89,319
|
Total
liabilities
|
4,627,193
|
|
5,383,840
|
|
783,948
|
|
|
|
|
|
|
MEZZANINE
EQUITY
|
|
|
|
|
|
Convertible redeemable
noncontrolling interests
|
1,605,639
|
|
1,642,138
|
|
239,114
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
Total Autohome
shareholders' equity
|
23,888,842
|
|
23,731,071
|
|
3,455,511
|
Noncontrolling
interests
|
(405,855)
|
|
(432,995)
|
|
(63,049)
|
Total
equity
|
23,482,987
|
|
23,298,076
|
|
3,392,462
|
Total liabilities,
mezzanine equity and equity
|
29,715,819
|
|
30,324,054
|
|
4,415,524
|
View original
content:https://www.prnewswire.com/news-releases/autohome-inc-announces-unaudited-first-quarter-2023-financial-results-301821903.html
SOURCE Autohome Inc.