BEIJING, July 27,
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 and six months ended June 30,
2023.
Second Quarter
2023 Highlights[1]
- Net Revenues in the second quarter of 2023
were RMB1,833.0 million (US$252.8 million), compared to RMB1,733.0 million in the corresponding period of
2022.
- Net Income attributable to Autohome in the
second quarter of 2023 was RMB504.7 million (US$69.6 million), compared to RMB435.0 million in the corresponding
period of 2022, and net income attributable to ordinary
shareholders in the second quarter of 2023 was
RMB491.2 million (US$67.7 million), compared to RMB423.4 million in the corresponding period
of 2022.
- Adjusted Net Income attributable to Autohome
(Non-GAAP)[2] in the second quarter of 2023 was
RMB569.5 million (US$78.5 million), compared to RMB472.2 million in the corresponding period of
2022.
- Share Repurchase: As of July 21,
2023, the Company had repurchased 4,697,330 American
depositary shares ("ADSs") for a total cost of approximately
US$141.0 million.
Mr. Quan Long, Chairman of the
Board of Directors and Chief Executive Officer of Autohome, stated,
"During the second quarter of 2023, we actively advanced our
C-end strategy, making steady progress across content optimization
and business diversification while expanding our traffic through
multiple channels. In mid-June, we debuted China's first mobile exhibition truck
featuring a large-scale holographic display, providing consumers in
lower- tier cities with more comprehensive information on new
energy vehicles ("NEVs") and enabling NEV brands to expand their
reach into these markets, in line with the government's policy to
support NEV consumption in rural areas. We also unveiled our
first Autohome Energy Space franchise store in Haikou, Hainan
Province, marking the beginning of this new retail franchise
model's expansion nationwide. Moreover, we accelerated the
application of AI technology in all business scenarios, enabling
our partners to reduce costs and increase efficiency. We developed
two decision-making assistant products based on a GPT model,
providing both users and customers with more efficient services.
Looking ahead, we are confident that with long-term accumulation of
cutting-edge technology and growing brand advantages as well as our
comprehensive innovation incubation system, Autohome is well
positioned to seize the opportunities across the industry and
achieve diversified business growth."
Mr. Craig Yan Zeng, Chief
Financial Officer of Autohome, added, "Our financial and
operational performance continued to recover steadily with a 6%
year-over-year increase in total revenues in the second quarter of
2023, led by strong growth in our online marketplace and others
business. Notably, revenues from both TTP Car, Inc. and data
products delivered double-digit growth year-over-year, and revenue
from NEV brands maintained its robust growth momentum. Meanwhile,
in June 2023, our mobile DAUs grew by
31.7% year-over-year to reach 62.71 million, according to
QuestMobile, demonstrating our sustained leadership in the
automotive media vertical. We have also made significant progress
in the development of new models and products, further reinforcing
our market leadership in key areas. As we move forward, we will
remain committed to the two major industry trends of NEVs and
artificial intelligence, constantly innovating to bring superior
products and services to users and customers, and ultimately
delivering long-term value to all shareholders."
Unaudited Second Quarter 2023 Financial
Results
Net Revenues
Net revenues in the second quarter of 2023 were RMB1,833.0 million (US$252.8 million), compared to RMB1,733.0 million in the corresponding period of
2022.
- Media services revenues were RMB532.0 million (US$73.4
million) in the second quarter of 2023, compared to
RMB530.6 million in the corresponding
period of 2022.
- Leads generation services revenues were
RMB759.6 million (US$104.8 million) in the second quarter of 2023,
compared to RMB752.8 million in the
corresponding period of 2022.
- Online marketplace and others revenues
were RMB541.4 million (US$74.7
million) in the second quarter of 2023, compared to
RMB449.6 million in the corresponding
period of 2022. The increase was primarily attributable to greater
contributions from TTP Car, Inc. and data products.
Cost of Revenues
Cost of revenues was RMB330.2
million (US$45.5 million) in
the second quarter of 2023, compared to RMB278.9 million in the corresponding period of
2022. The increase was primarily attributable to a rise in
operational costs. Share-based compensation expense included in
cost of revenues in the second quarter of 2023 was RMB1.8 million (US$0.2
million), compared to RMB1.3
million in the corresponding period of 2022.
Operating Expenses
Operating expenses were RMB1,228.1
million (US$169.4 million) in
the second quarter of 2023, compared to RMB1,227.5 million in the corresponding period of
2022.
- Sales and marketing expenses were RMB824.1 million (US$113.6
million) in the second quarter of 2023, compared to
RMB738.7 million in the corresponding
period of 2022. The increase was primarily attributable to the
escalation in marketing and promotional spending. Share-based
compensation expense included in sales and marketing
expenses in the second quarter of 2023 was RMB12.3 million (US$1.7 million), compared to RMB5.4 million in the corresponding period of
2022.
- General and administrative expenses were RMB91.0 million (US$12.5
million) in the second quarter of 2023, compared to
RMB126.6 million in the corresponding
period of 2022. The decrease was primarily attributable to the
reduction of expected credit losses. Share-based compensation
expense included in general and administrative
expenses in the second quarter of 2023
was RMB8.9 million (US$1.2
million), compared to RMB10.1 million in the corresponding period
of 2022.
- Product development expenses were RMB313.0 million (US$43.2 million) in the second quarter of
2023, compared to RMB362.2 million in
the corresponding period of 2022. The decrease was primarily
attributable to a decline in personnel-related expenses.
Share-based compensation expense included in product
development expenses in the second quarter of 2023 was RMB18.7 million (US$2.6
million), compared to RMB11.6
million in the corresponding period of 2022.
Operating Profit
Operating profit was RMB341.5
million (US$47.1 million) in
the second quarter of 2023, compared to RMB301.3 million in the corresponding period of
2022.
Income Tax Expense
There was an income tax expense of RMB35.8 million (US$4.9
million) in the second quarter of 2023, compared to
RMB34.1 million in the corresponding
period of 2022.
Net Income Attributable to Autohome
Net income attributable to Autohome was RMB504.7 million (US$69.6
million) in the second quarter of 2023, compared to
RMB435.0 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
RMB491.2 million (US$67.7 million) in the second quarter of 2023,
compared to RMB423.4 million in the
corresponding period of 2022. Basic and diluted earnings per share
("EPS") were RMB1.00 (US$0.14) and RMB1.00 (US$0.14),
respectively, in the second quarter of 2023, compared to basic and
diluted EPS of RMB0.85 and
RMB0.84, respectively, in the
corresponding period of 2022. Basic and diluted earnings per ADS
were RMB3.99 (US$0.55) and RMB3.98 (US$0.55),
respectively, in the second quarter of 2023, compared to basic and
diluted earnings per ADS of RMB3.38
and RMB3.38, 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
RMB569.5 million (US$78.5 million) in the second quarter of 2023,
compared to RMB472.2 million in the
corresponding period of 2022. Non-GAAP basic and diluted EPS were
RMB1.16 (US$0.16) and RMB1.15 (US$0.16),
respectively, in the second quarter of 2023, compared to non-GAAP
basic and diluted EPS of RMB0.94 and
RMB0.94, respectively, in the
corresponding period of 2022. Non-GAAP basic and diluted earnings
per ADS were RMB4.62 (US$0.64) and RMB4.61 (US$0.64),
respectively, in the second quarter of 2023, compared to non-GAAP
basic and diluted earnings per ADS of RMB3.77 and RMB3.77, respectively, in the corresponding
period of 2022.
Balance Sheet and Cash Flow
As of June 30, 2023, the Company
had cash and cash equivalents and short-term investments of
RMB23.34 billion (US$3.22 billion). Net cash provided by operating
activities in the second quarter of 2023 was RMB522.0 million (US$72.0
million).
Employees
The Company had 5,500 employees as of June 30, 2023, including 2,177 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, July 27, 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/BI7e7200be351a4ab986e67e0b2faeb302
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 relentlessly reduce
auto industry decision-making and transaction costs driven by
advanced technology. 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/(gain) 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
AUTOHOME
INC.
|
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS DATA
|
(Amount in
thousands, except per share / per ADS data)
|
|
|
For three
months ended June 30,
|
|
For six months ended
June 30,
|
|
|
2022
|
|
2023
|
|
2022
|
|
2023
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
Media
services
|
530,561
|
|
532,005
|
|
73,367
|
|
797,363
|
|
893,473
|
|
123,216
|
|
Leads generation
services
|
752,813
|
|
759,635
|
|
104,758
|
|
1,461,017
|
|
1,440,269
|
|
198,622
|
|
Online marketplace and
others
|
449,619
|
|
541,394
|
|
74,662
|
|
945,905
|
|
1,032,921
|
|
142,446
|
|
Total net
revenues
|
1,732,993
|
|
1,833,034
|
|
252,787
|
|
3,204,285
|
|
3,366,663
|
|
464,284
|
|
Cost of
revenues
|
(278,864)
|
|
(330,227)
|
|
(45,540)
|
|
(533,881)
|
|
(670,441)
|
|
(92,458)
|
|
Gross
profit
|
1,454,129
|
|
1,502,807
|
|
207,247
|
|
2,670,404
|
|
2,696,222
|
|
371,826
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing
expenses
|
(738,729)
|
|
(824,081)
|
|
(113,646)
|
|
(1,330,983)
|
|
(1,347,197)
|
|
(185,787)
|
|
General and
administrative
expenses
|
(126,616)
|
|
(90,979)
|
|
(12,547)
|
|
(263,178)
|
|
(240,135)
|
|
(33,116)
|
|
Product development
expenses
|
(362,194)
|
|
(313,010)
|
|
(43,166)
|
|
(717,441)
|
|
(637,376)
|
|
(87,898)
|
|
Total operating
expenses
|
(1,227,539)
|
|
(1,228,070)
|
|
(169,359)
|
|
(2,311,602)
|
|
(2,224,708)
|
|
(306,801)
|
|
Other operating income,
net
|
74,661
|
|
66,772
|
|
9,208
|
|
183,685
|
|
133,160
|
|
18,364
|
|
Operating
profit
|
301,251
|
|
341,509
|
|
47,096
|
|
542,487
|
|
604,674
|
|
83,389
|
|
Interest and investment
income,
net
|
149,398
|
|
202,813
|
|
27,969
|
|
240,166
|
|
427,828
|
|
59,000
|
|
Gain/(loss) from equity
method
investments
|
5,882
|
|
(1,690)
|
|
(233)
|
|
(20,347)
|
|
(33,125)
|
|
(4,568)
|
|
Income before income
taxes
|
456,531
|
|
542,632
|
|
74,832
|
|
762,306
|
|
999,377
|
|
137,821
|
|
Income tax
expense
|
(34,108)
|
|
(35,796)
|
|
(4,936)
|
|
(42,148)
|
|
(90,477)
|
|
(12,477)
|
|
Net
income
|
422,423
|
|
506,836
|
|
69,896
|
|
720,158
|
|
908,900
|
|
125,344
|
|
Net (income)/loss
attributable to
noncontrolling interests
|
12,593
|
|
(2,102)
|
|
(290)
|
|
33,106
|
|
1,336
|
|
184
|
|
Net income
attributable to
Autohome
|
435,016
|
|
504,734
|
|
69,606
|
|
753,264
|
|
910,236
|
|
125,528
|
|
Accretion of mezzanine
equity
|
(33,383)
|
|
(38,686)
|
|
(5,335)
|
|
(64,259)
|
|
(75,185)
|
|
(10,368)
|
|
Accretion attributable
to
noncontrolling interests
|
21,743
|
|
25,164
|
|
3,470
|
|
41,861
|
|
48,913
|
|
6,745
|
|
Net income
attributable to
ordinary shareholders
|
423,376
|
|
491,212
|
|
67,741
|
|
730,866
|
|
883,964
|
|
121,905
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share
for
ordinary shares
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
0.85
|
|
1.00
|
|
0.14
|
|
1.45
|
|
1.79
|
|
0.25
|
|
Diluted
|
0.84
|
|
1.00
|
|
0.14
|
|
1.45
|
|
1.79
|
|
0.25
|
|
Earnings per ADS
attributable
to ordinary shareholders
(one ADS equals for four
ordinary shares)
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
3.38
|
|
3.99
|
|
0.55
|
|
5.82
|
|
7.17
|
|
0.99
|
|
Diluted
|
3.38
|
|
3.98
|
|
0.55
|
|
5.81
|
|
7.15
|
|
0.99
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
shares used to compute
earnings per share attributable to ordinary
shareholders:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
500,676,420
|
|
492,534,428
|
|
492,534,428
|
|
502,552,188
|
|
492,927,049
|
|
492,927,049
|
|
Diluted
|
501,112,704
|
|
493,624,704
|
|
493,624,704
|
|
502,882,428
|
|
494,261,429
|
|
494,261,429
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AUTOHOME
INC.
|
UNAUDITED
RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS
|
(Amount in thousands,
except per share / per ADS data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For three months
ended June 30,
|
|
For six months ended
June 30,
|
|
|
|
2022
|
|
2023
|
|
2022
|
|
2023
|
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
Net income
attributable to
Autohome
|
435,016
|
|
504,734
|
|
69,606
|
|
753,264
|
|
910,236
|
|
125,528
|
|
|
Plus: income tax
expense
|
35,448
|
|
37,136
|
|
5,121
|
|
44,829
|
|
93,157
|
|
12,847
|
|
|
Plus: depreciation of
property and
equipment
|
57,596
|
|
42,259
|
|
5,828
|
|
114,824
|
|
90,197
|
|
12,439
|
|
|
Plus: amortization of
intangible
assets
|
10,837
|
|
10,798
|
|
1,489
|
|
21,674
|
|
21,638
|
|
2,984
|
|
|
EBITDA
|
538,897
|
|
594,927
|
|
82,044
|
|
934,591
|
|
1,115,228
|
|
153,798
|
|
|
Plus: share-based
compensation
expenses
|
28,396
|
|
41,628
|
|
5,741
|
|
69,257
|
|
87,813
|
|
12,110
|
|
|
Adjusted
EBITDA
|
567,293
|
|
636,555
|
|
87,785
|
|
1,003,848
|
|
1,203,041
|
|
165,908
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
Autohome
|
435,016
|
|
504,734
|
|
69,606
|
|
753,264
|
|
910,236
|
|
125,528
|
|
|
Plus: amortization of
intangible assets
resulting from business acquisition
|
10,722
|
|
10,722
|
|
1,479
|
|
21,444
|
|
21,444
|
|
2,957
|
|
|
Plus: share-based
compensation
expenses
|
28,396
|
|
41,628
|
|
5,741
|
|
69,257
|
|
87,813
|
|
12,110
|
|
|
Plus: investment loss
arising from one
of financial products[3]
|
4,021
|
|
14,532
|
|
2,004
|
|
58,441
|
|
8,719
|
|
1,202
|
|
|
Plus: loss/(gain) on
equity method
investments, net
|
(5,882)
|
|
1,690
|
|
233
|
|
20,347
|
|
33,125
|
|
4,568
|
|
|
Plus: impairment of
long-term
investments
|
1,696
|
|
-
|
|
-
|
|
1,696
|
|
-
|
|
-
|
|
|
Plus: tax effects of
the adjustments
|
(1,746)
|
|
(3,840)
|
|
(530)
|
|
(14,693)
|
|
(8,360)
|
|
(1,153)
|
|
|
Adjusted net income
attributable
to Autohome
|
472,223
|
|
569,466
|
|
78,533
|
|
909,756
|
|
1,052,977
|
|
145,212
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable
to Autohome
|
435,016
|
|
504,734
|
|
69,606
|
|
753,264
|
|
910,236
|
|
125,528
|
|
|
Net
margin
|
25.1 %
|
|
27.5 %
|
|
27.5 %
|
|
23.5 %
|
|
27.0 %
|
|
27.0 %
|
|
|
Adjusted net income
attributable
to Autohome
|
472,223
|
|
569,466
|
|
78,533
|
|
909,756
|
|
1,052,977
|
|
145,212
|
|
|
Adjusted net
margin
|
27.2 %
|
|
31.1 %
|
|
31.1 %
|
|
28.4 %
|
|
31.3 %
|
|
31.3 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP earnings
per share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
0.94
|
|
1.16
|
|
0.16
|
|
1.81
|
|
2.14
|
|
0.30
|
|
|
Diluted
|
0.94
|
|
1.15
|
|
0.16
|
|
1.81
|
|
2.13
|
|
0.29
|
|
|
Non-GAAP earnings
per ADS (one
ADS equals for four ordinary
shares)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
3.77
|
|
4.62
|
|
0.64
|
|
7.24
|
|
8.54
|
|
1.18
|
|
|
Diluted
|
3.77
|
|
4.61
|
|
0.64
|
|
7.24
|
|
8.52
|
|
1.18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
shares used to
compute non-GAAP earnings
per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
500,676,420
|
|
492,534,428
|
|
492,534,428
|
|
502,552,188
|
|
492,927,049
|
|
492,927,049
|
|
|
Diluted
|
501,112,704
|
|
493,624,704
|
|
493,624,704
|
|
502,882,428
|
|
494,261,429
|
|
494,261,429
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AUTOHOME
INC.
|
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEET
|
(Amount in thousands,
except as noted)
|
|
|
As of
December
31,
|
|
As
of June 30,
|
|
2022
|
|
2023
|
|
RMB
|
|
RMB
|
|
US$
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
2,801,299
|
|
2,939,867
|
|
405,426
|
Restricted
cash
|
9,175
|
|
787
|
|
109
|
Short-term
investments
|
19,279,592
|
|
20,395,204
|
|
2,812,627
|
Accounts receivable,
net
|
1,927,699
|
|
1,499,340
|
|
206,768
|
Amounts due from
related parties, current
|
49,644
|
|
26,305
|
|
3,628
|
Prepaid expenses and
other current assets
|
357,522
|
|
517,270
|
|
71,335
|
Total current
assets
|
24,424,931
|
|
25,378,773
|
|
3,499,893
|
Non-current
assets
|
|
|
|
|
|
Restricted cash,
non-current
|
5,000
|
|
5,000
|
|
690
|
Property and equipment,
net
|
255,298
|
|
195,193
|
|
26,918
|
Goodwill and intangible
assets, net
|
4,220,305
|
|
4,181,109
|
|
576,601
|
Long-term
investments
|
419,208
|
|
386,083
|
|
53,243
|
Deferred tax
assets
|
265,606
|
|
265,070
|
|
36,555
|
Amounts due from
related parties, non-current
|
9,419
|
|
17,797
|
|
2,454
|
Other non-current
assets
|
116,052
|
|
198,241
|
|
27,339
|
Total non-current
assets
|
5,290,888
|
|
5,248,493
|
|
723,800
|
Total
assets
|
29,715,819
|
|
30,627,266
|
|
4,223,693
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accrued expenses and
other payables
|
2,537,281
|
|
2,250,807
|
|
310,401
|
Advance from
customers
|
96,047
|
|
108,454
|
|
14,956
|
Deferred
revenue
|
1,147,131
|
|
1,788,235
|
|
246,609
|
Income tax
payable
|
251,121
|
|
257,487
|
|
35,509
|
Amounts due to related
parties
|
27,096
|
|
22,673
|
|
3,127
|
Total current
liabilities
|
4,058,676
|
|
4,427,656
|
|
610,602
|
Non-current
liabilities
|
|
|
|
|
|
Other
liabilities
|
50,591
|
|
98,209
|
|
13,544
|
Deferred tax
liabilities
|
517,926
|
|
502,941
|
|
69,359
|
Total non-current
liabilities
|
568,517
|
|
601,150
|
|
82,903
|
Total
liabilities
|
4,627,193
|
|
5,028,806
|
|
693,505
|
|
|
|
|
|
|
MEZZANINE
EQUITY
|
|
|
|
|
|
Convertible redeemable
noncontrolling interests
|
1,605,639
|
|
1,680,824
|
|
231,796
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
Total Autohome
shareholders' equity
|
23,888,842
|
|
24,373,717
|
|
3,361,288
|
Noncontrolling
interests
|
(405,855)
|
|
(456,081)
|
|
(62,896)
|
Total
equity
|
23,482,987
|
|
23,917,636
|
|
3,298,392
|
Total liabilities,
mezzanine equity and equity
|
29,715,819
|
|
30,627,266
|
|
4,223,693
|
[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$1.00 to RMB7.2513 on June 30, 2023 in the City of New York
for cable transfers of RMB as certified for customs purposes by the
Federal Reserve Bank of New York. No representation is made that
the RMB amounts could have been, or could be, converted into US$ 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.
|
[3] It
represented the loss 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.
|
View original
content:https://www.prnewswire.com/news-releases/autohome-inc-announces-unaudited-2023-second-quarter-and-interim-financial-results-301887184.html
SOURCE Autohome Inc.