BEIJING, Aug. 25, 2021 /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, 2021.
Second
Quarter 2021 Highlights[1]
- Net Revenues in the second quarter of 2021 were
RMB1,938.0 million ($300.2 million), compared to RMB2,313.3 million in the corresponding period of
2020.
- Online Marketplace and Others Revenues in the second
quarter of 2021 were RMB594.3 million
($92.0 million), an increase of 10.0%
year-over-year. Data Products delivered revenue growth of
47.1% year-over-year in the second quarter of 2021.
- Net income attributable to Ordinary Shareholders in the
second quarter of 2021 was RMB746.7
million ($115.7 million),
compared to RMB824.5 million in the
corresponding period of 2020 and net income attributable to
Autohome Inc. in the second quarter of 2021 was RMB754.9 million ($116.9
million), compared to RMB824.5
million in the corresponding period of 2020.
- Adjusted Net Income attributable to Autohome Inc.
(Non-GAAP)[2] in the second quarter of 2021 was
RMB790.2 million ($122.4 million), compared to RMB881.0 million in the corresponding period of
2020.
Mr. Quan Long, Chairman of the
Board of Directors and Chief Executive Officer of Autohome, stated,
"We're pleased with the improving metrics across our new
initiatives in the second quarter, along with margin expansion.
Specifically, revenues from our new initiatives increased 10.0%
year-over-year and contributed 30.7% to total revenues, compared
with 23.4% in the same period of 2020. Our data products maintained
its strong growth momentum, generating a revenue increase of 54.7%
year-over-year in the first half of the year, thanks to the higher
contribution from OEM data products. We are excited to report that
with steady operating efficiency improvements, TTP, our online used
car auction business, broke even at the operating level for the
first time in June, a significant milestone for us. We also made
further progress in our cooperation with new energy vehicle ("NEV")
automakers. During the second quarter, revenues from NEV brands
jumped 238% year-over-year. Adjusted net margin continued to expand
to 40.8%, up 2.7 percentage points year-over-year."
Mr. Long added, "We maintained our leading position in auto
media vertical in terms of traffic, with mobile daily active users
increasing 16.1% year-over-year. We're also exploring new business
areas to capture greater market opportunities. We plan to announce
our strategic upgrading plans in detail at our upcoming Investor
Day on September 15th.
Looking ahead, with our strong balance sheet and profitable
position and backed by our cooperation with Ping An, we believe we are well positioned to
capture new opportunities in strategic growth areas, as we seek to
propel long-term sustainable growth."
[1] The
reporting currency of the Company is Renminbi ("RMB"). For the
convenience of readers, certain amounts throughout the release are
presented in US dollars ("$"). Unless otherwise noted, all
conversions from RMB to US$ are translated at the noon buying rate
of US$1.00 to RMB6.4566 on June 30, 2021 in the City of New York
for cable transfers of RMB as certified for customs purposes by the
Federal Reserve Bank of New York. No representation is made that
the RMB amounts could have been, or could be, converted into US$ 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 "Reconciliations of Non-GAAP and GAAP Results"
set forth at the end of this release.
|
Unaudited Second Quarter 2021 Financial
Results
Net Revenues
Net revenues in the second quarter of 2021 were
RMB1,938.0 million ($300.2 million), compared to RMB2,313.3 million in the corresponding
period of 2020.
- Media services revenues were RMB599.8 million ($92.9
million), compared to RMB932.1
million in the corresponding period of 2020. The decline was
primarily due to the decrease in average revenue per automaker
advertiser, who adjusted their advertising budgets due to the
ongoing global chip shortage.
- Leads generation services revenues were RMB744.0 million ($115.2
million), compared to RMB841.0
million in the corresponding period of 2020. The decline was
primarily due to the decrease in dealer advertising spending.
- Online marketplace and others revenues increased by
10.0% year-over-year to RMB594.3
million ($92.0 million) from
RMB540.2 million in the corresponding
period of 2020. The increase was primarily attributable to the
consolidation of TTP and the increased contribution from data
products.
Cost of Revenues
Cost of revenues was RMB261.6 million ($40.5 million) in the second quarter of
2021, compared to RMB265.2 million in the corresponding period
of 2020. In addition, cost of revenues included share-based
compensation expenses of RMB5.1 million ($0.8 million) during the second quarter of
2021, compared to RMB6.2 million in
the corresponding period of 2020.
Operating Expenses
Operating expenses were RMB1,073.8 million ($166.3 million) in the second quarter of 2021,
compared to RMB1,281.3 million in the corresponding
period of 2020.
- Sales and marketing expenses were RMB562.4 million ($87.1
million) in the second quarter of 2021, compared to
RMB872.4 million in the corresponding
period of 2020, primarily due to a decrease in promotional
spending. Sales and marketing expenses for the second quarter of
2021 included share-based compensation expenses of RMB10.8 million ($1.7
million), compared to RMB9.3
million in the corresponding period of 2020.
- General and administrative expenses were RMB176.8 million ($27.4
million) in the second quarter of 2021, compared to
RMB82.5 million in the corresponding
period of 2020. The increase was primarily attributable to the
consolidation of TTP and bad debt provisions related to certain
advertising customers. General and administrative expenses for the
second quarter of 2021 included share-based compensation expenses
of RMB10.2 million ($1.6 million), compared to RMB15.2 million in the corresponding period of
2020.
- Product development expenses were RMB334.7 million ($51.8
million) in the second quarter of 2021, compared to
RMB326.4 million in the corresponding
period of 2020. Product development expenses for the second quarter
of 2021 included share-based compensation expenses of RMB18.8 million ($2.9
million), compared to RMB24.8
million in the corresponding period of 2020.
Operating Profit
Operating profit was RMB673.0 million ($104.2 million) in the second quarter of 2021,
compared to RMB870.7 million in the
corresponding period of 2020.
Income Tax Expense
There was an income tax expense of RMB70.2 million ($10.9
million) in the second quarter of 2021, compared to
RMB174.4 million in the corresponding
period of 2020.
Net Income attributable to Autohome
Inc.
Net income attributable to Autohome Inc. was RMB754.9 million ($116.9
million) in the second quarter of 2021, compared with
RMB824.5 million in the corresponding
period of 2020.
Net income attributable to Ordinary
Shareholders and Earnings per Share/ADS
Net income attributable to ordinary shareholders was
RMB746.7 million ($115.7 million) in the second quarter of 2021,
compared to RMB824.5 million in the
corresponding period of 2020. Basic and diluted earnings per share
("EPS") were RMB1.48 ($0.23) and RMB1.48
($0.23), respectively, as compared to
basic and diluted EPS of RMB1.73 and
RMB1.72, respectively, in the
corresponding period of 2020. Basic and diluted earnings per ADS
were RMB5.92 ($0.92) and RMB5.91
($0.92), respectively, as compared to
basic and diluted earnings per ADS of RMB6.92 and RMB6.89, respectively, in the corresponding
period of 2020.
Adjusted Net Income attributable to Autohome
Inc. (Non-GAAP) and Non-GAAP EPS/ADS
Adjusted net income attributable to Autohome Inc. (Non-GAAP) was
RMB790.2 million ($122.4 million) in the second quarter of 2021,
compared to RMB881.0 million in
the corresponding period of 2020. Non-GAAP basic and diluted
EPS were RMB1.57 ($0.24) and RMB1.56
($0.24), respectively, compared to
non-GAAP basic and diluted EPS of RMB1.85 and RMB1.84
respectively, in the corresponding period of 2020. Non-GAAP basic
and diluted earnings per ADS were RMB6.27 ($0.97) and
RMB6.26 ($0.97), respectively, compared to non-GAAP basic
and diluted earnings per ADS of RMB7.39 and RMB7.36, respectively, in the corresponding
period of 2020.
Balance Sheet and Cash Flow
As of June 30, 2021, the Company
had cash and cash equivalents and short-term investments of
RMB18.43 billion ($2.85 billion). Net cash provided by operating
activities in the second quarter of 2021 was RMB580.8 million ($90.0
million).
Employees
The Company had 6,267 employees as of June 30, 2021, including 2,471 employees from
TTP.
Conference Call Information
The Company will host an earnings conference call at
8:00 AM U.S. Eastern Time on
Wednesday, August 25, 2021
(8:00 PM Beijing Time on the same
day).
Dial-in details for the earnings conference call are as
follows:
United
States:
|
+1-855-824-5644
|
Hong Kong,
China:
|
+852-3027-6500
|
Mainland,
China:
|
8009-880-563/
400-821-0637
|
United
Kingdom:
|
0800-026-1542
|
International:
|
+1-646-722-4977
|
Passcode:
|
10698223#
|
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 September 1,
2021:
United
States:
|
+1-646-982-0473
|
International:
|
+61-2-8325-2405
|
Passcode:
|
319341001#
|
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; 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 original
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 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 Inc., Non-GAAP
basic and diluted EPS and per ADS, Adjusted net
margin 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, amortization expenses of
acquired intangible assets of Cheerbright, China Topside and
Norstar, and certain noncontrolling interests adjustments for
TTP (which for the first time starting in the first quarter of 2021
included interest income related to convertible bond investment to
TTP, which is eliminated in consolidation). 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 net margin as
Adjusted Net Income attributable to Autohome Inc. divided by total
net revenues. We define Adjusted EBITDA as net income attributable
to Autohome Inc. 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 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:
In China:
Autohome Inc.
Investor Relations
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.
|
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,
|
|
2020
|
|
2021
|
|
2020
|
|
2021
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Media
services
|
932,078
|
|
599,812
|
|
92,899
|
|
1,498,388
|
|
1,204,636
|
|
186,574
|
Leads generation
services
|
841,020
|
|
743,953
|
|
115,224
|
|
1,511,479
|
|
1,441,587
|
|
223,273
|
Online marketplace
and others
|
540,170
|
|
594,278
|
|
92,042
|
|
850,030
|
|
1,133,401
|
|
175,541
|
Total net
revenues
|
2,313,268
|
|
1,938,043
|
|
300,165
|
|
3,859,897
|
|
3,779,624
|
|
585,388
|
Cost of
revenues
|
(265,217)
|
|
(261,587)
|
|
(40,515)
|
|
(443,079)
|
|
(504,710)
|
|
(78,170)
|
Gross
profit
|
2,048,051
|
|
1,676,456
|
|
259,650
|
|
3,416,818
|
|
3,274,914
|
|
507,218
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing
expenses
|
(872,426)
|
|
(562,362)
|
|
(87,099)
|
|
(1,396,647)
|
|
(1,244,995)
|
|
(192,825)
|
General and
administrative
expenses
|
(82,482)
|
|
(176,782)
|
|
(27,380)
|
|
(171,634)
|
|
(305,407)
|
|
(47,302)
|
Product
development
expenses
|
(326,385)
|
|
(334,662)
|
|
(51,833)
|
|
(618,323)
|
|
(639,213)
|
|
(99,001)
|
Total operating
expenses
|
(1,281,293)
|
|
(1,073,806)
|
|
(166,312)
|
|
(2,186,604)
|
|
(2,189,615)
|
|
(339,128)
|
Other income,
net
|
103,991
|
|
70,337
|
|
10,894
|
|
226,462
|
|
154,322
|
|
23,901
|
Operating
profit
|
870,749
|
|
672,987
|
|
104,232
|
|
1,456,676
|
|
1,239,621
|
|
191,991
|
Interest
income
|
128,869
|
|
138,859
|
|
21,506
|
|
266,260
|
|
268,562
|
|
41,595
|
Loss from equity
method
investments
|
(360)
|
|
(763)
|
|
(118)
|
|
(1,815)
|
|
(960)
|
|
(149)
|
Fair value change of
other non-
current assets
|
-
|
|
-
|
|
-
|
|
(9,116)
|
|
-
|
|
-
|
Income before
income taxes
|
999,258
|
|
811,083
|
|
125,620
|
|
1,712,005
|
|
1,507,223
|
|
233,437
|
Income tax
expense
|
(174,430)
|
|
(70,216)
|
|
(10,875)
|
|
(299,914)
|
|
(135,249)
|
|
(20,947)
|
Net
income
|
824,828
|
|
740,867
|
|
114,745
|
|
1,412,091
|
|
1,371,974
|
|
212,490
|
Net loss attributable
to
noncontrolling interests
|
(351)
|
|
14,073
|
|
2,180
|
|
(435)
|
|
87,255
|
|
13,514
|
Net income
attributable to
Autohome Inc.
|
824,477
|
|
754,940
|
|
116,925
|
|
1,411,656
|
|
1,459,229
|
|
226,004
|
Accretion of
mezzanine equity
|
-
|
|
(29,218)
|
|
(4,525)
|
|
-
|
|
(356,291)
|
|
(55,182)
|
Accretion
attributable to
noncontrolling interests
|
-
|
|
20,984
|
|
3,250
|
|
-
|
|
277,567
|
|
42,990
|
Net income
attributable to
ordinary shareholders
|
824,477
|
|
746,706
|
|
115,650
|
|
1,411,656
|
|
1,380,505
|
|
213,812
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share
for
ordinary share
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
1.73
|
|
1.48
|
|
0.23
|
|
2.96
|
|
2.79
|
|
0.43
|
Diluted
|
1.72
|
|
1.48
|
|
0.23
|
|
2.95
|
|
2.79
|
|
0.43
|
Earnings per
ADS
attributable to ordinary
shareholders (one ADS
equals for four ordinary
shares)
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
6.92
|
|
5.92
|
|
0.92
|
|
11.85
|
|
11.18
|
|
1.73
|
Diluted
|
6.89
|
|
5.91
|
|
0.92
|
|
11.79
|
|
11.15
|
|
1.73
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
shares used to compute
earnings per share attributable to ordinary
shareholders:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
476,641,792
|
|
504,293,912
|
|
504,293,912
|
|
476,459,072
|
|
493,953,692
|
|
493,953,692
|
Diluted
|
478,985,592
|
|
505,183,728
|
|
505,183,728
|
|
478,787,248
|
|
495,253,000
|
|
495,253,000
|
AUTOHOME
INC.
|
RECONCILIATION 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,
|
|
2020
|
|
2021
|
|
|
|
2020
|
|
2021
|
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
Net income
attributable to
Autohome Inc.
|
824,477
|
|
754,940
|
|
116,925
|
|
1,411,656
|
|
1,459,229
|
|
226,004
|
Plus: income tax
expense
|
174,430
|
|
72,198
|
|
11,182
|
|
299,914
|
|
137,231
|
|
21,254
|
Plus: depreciation of
property
and equipment
|
38,289
|
|
53,816
|
|
8,335
|
|
70,694
|
|
104,510
|
|
16,187
|
Plus: amortization of
intangible
assets
|
2,921
|
|
8,307
|
|
1,287
|
|
6,151
|
|
11,276
|
|
1,746
|
EBITDA
|
1,040,117
|
|
889,261
|
|
137,729
|
|
1,788,415
|
|
1,712,246
|
|
265,191
|
Plus: share-based
compensation
expenses
|
55,420
|
|
44,966
|
|
6,964
|
|
113,277
|
|
98,803
|
|
15,303
|
Adjusted
EBITDA
|
1,095,537
|
|
934,227
|
|
144,693
|
|
1,901,692
|
|
1,811,049
|
|
280,494
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
Autohome Inc.
|
824,477
|
|
754,940
|
|
116,925
|
|
1,411,656
|
|
1,459,229
|
|
226,004
|
Plus: amortization of
acquired
intangible assets of Cheerbright,
China Topside and Norstar
|
1,139
|
|
1,139
|
|
176
|
|
2,278
|
|
2,278
|
|
353
|
Plus: share-based
compensation
expenses
|
55,420
|
|
44,966
|
|
6,964
|
|
113,277
|
|
98,803
|
|
15,303
|
Minus:certain
noncontrolling
interests adjustments for TTP
|
-
|
|
(10,826)
|
|
(1,677)
|
|
-
|
|
(35,196)
|
|
(5,451)
|
Adjusted net
income
attributable to Autohome
Inc.
|
881,036
|
|
790,219
|
|
122,388
|
|
1,527,211
|
|
1,525,114
|
|
236,209
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP earnings
per
share for ordinary shares
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
1.85
|
|
1.57
|
|
0.24
|
|
3.21
|
|
3.09
|
|
0.48
|
Diluted
|
1.84
|
|
1.56
|
|
0.24
|
|
3.19
|
|
3.08
|
|
0.48
|
Non-GAAP earnings
per ADS
attributable to ordinary
shareholders (one ADS
equals for four ordinary
shares)
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
7.39
|
|
6.27
|
|
0.97
|
|
12.82
|
|
12.35
|
|
1.91
|
Diluted
|
7.36
|
|
6.26
|
|
0.97
|
|
12.76
|
|
12.32
|
|
1.91
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
shares
used to compute earnings
per share attributable to
ordinary
shareholders:
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
476,641,792
|
|
504,293,912
|
|
504,293,912
|
|
476,459,072
|
|
493,953,692
|
|
493,953,692
|
Diluted
|
478,985,592
|
|
505,183,728
|
|
505,183,728
|
|
478,787,248
|
|
495,253,000
|
|
495,253,000
|
AUTOHOME
INC.
|
CONDENSED
CONSOLIDATED BALANCE SHEET
|
(Amount in thousands,
except as noted)
|
|
|
|
|
|
|
|
As of December
31,
|
|
As of June
30,
|
|
2020
|
|
2021
|
|
RMB
|
|
RMB
|
|
US$
|
|
(Audited)
|
|
(Unaudited)
|
|
(Unaudited)
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
1,751,222
|
|
2,629,817
|
|
407,307
|
Restricted
Cash
|
-
|
|
86,976
|
|
13,471
|
Short-term
investments
|
12,878,176
|
|
15,796,359
|
|
2,446,544
|
Accounts receivable,
net
|
3,124,197
|
|
2,330,359
|
|
360,927
|
Amounts due from
related parties, current
|
47,303
|
|
26,584
|
|
4,117
|
Prepaid expenses and
other current assets
|
563,182
|
|
782,968
|
|
121,266
|
Total current
assets
|
18,364,080
|
|
21,653,063
|
|
3,353,632
|
Non-current
assets
|
|
|
|
|
|
Restricted cash,
non-current
|
17,926
|
|
6,985
|
|
1,082
|
Property and
equipment, net
|
410,081
|
|
413,576
|
|
64,055
|
Goodwill and
intangible assets, net
|
4,511,812
|
|
4,469,312
|
|
692,208
|
Long-term
investments
|
70,418
|
|
69,458
|
|
10,758
|
Deferred tax
assets
|
79,661
|
|
79,399
|
|
12,297
|
Other non-current
assets
|
276,867
|
|
233,678
|
|
36,192
|
Total non-current
assets
|
5,366,765
|
|
5,272,408
|
|
816,592
|
Total
assets
|
23,730,845
|
|
26,925,471
|
|
4,170,224
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accrued expenses and
other payables
|
2,577,709
|
|
1,717,322
|
|
265,978
|
Advance from
customers
|
127,235
|
|
109,265
|
|
16,923
|
Deferred
revenue
|
1,315,667
|
|
1,060,037
|
|
164,179
|
Income tax
payable
|
85,177
|
|
187,067
|
|
28,973
|
Amounts due to
related parties
|
79,895
|
|
37,680
|
|
5,836
|
Other current
liabilities
|
-
|
|
14,247
|
|
2,207
|
Total current
liabilities
|
4,185,683
|
|
3,125,618
|
|
484,096
|
Non-current
liabilities
|
|
|
|
|
|
Other
liabilities
|
104,861
|
|
65,167
|
|
10,093
|
Deferred tax
liabilities
|
631,509
|
|
583,490
|
|
90,371
|
Total non-current
liabilities
|
736,370
|
|
648,657
|
|
100,464
|
Total
liabilities
|
4,922,053
|
|
3,774,275
|
|
584,560
|
|
|
|
|
|
|
MEZZANINE
EQUITY
|
|
|
|
|
|
Convertible
redeemable noncontrolling interests
|
1,056,237
|
|
1,412,528
|
|
218,773
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
Total Autohome
Inc. shareholders' equity
|
17,625,734
|
|
21,976,669
|
|
3,403,753
|
Noncontrolling
interests
|
126,821
|
|
(238,001)
|
|
(36,862)
|
Total
equity
|
17,752,555
|
|
21,738,668
|
|
3,366,891
|
Total liabilities,
mezzanine equity and equity
|
23,730,845
|
|
26,925,471
|
|
4,170,224
|
View original
content:https://www.prnewswire.com/news-releases/autohome-inc-announces-unaudited-2021-second-quarter-and-interim-financial-results-301362405.html
SOURCE Autohome Inc.