BEIJING, May 24, 2022
/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 first
quarter ended March 31, 2022.
First
Quarter 2022 Highlights[1]
- Net Revenues in the first quarter of 2022 were
RMB1,471.3 million (US$232.1 million), compared to RMB1,841.6 million in the corresponding period of
2021.
- Net Income attributable to Autohome Inc. in the first
quarter of 2022 was RMB318.2 million
(US$50.2 million), compared to
RMB704.3 million in the corresponding
period of 2021 and net income attributable to ordinary
shareholders in the first quarter of 2022 was RMB307.5 million (US$48.5
million), compared to RMB633.8
million in the corresponding period of 2021.
- Adjusted Net Income attributable to Autohome Inc.
(Non-GAAP)[2] in the first quarter of 2022 was
RMB437.5 million (US$69.0 million), compared to RMB735.1 million in the corresponding period of
2021.
- Share Repurchase: As of May 20,
2022, the Company has repurchased 1,574,674 American
depositary shares ("ADSs") for a total cost of approximately
US$43.9 million.
- New CFO Appointment: On May 6,
2022, the Board of Directors appointed Mr. Craig Yan Zeng as Chief Financial Officer of
Autohome, effective on the same day.
[1] The
reporting currency of the Company is Renminbi ("RMB"). For the
convenience of readers, certain amounts throughout the
release are presented in US
dollars ("US$").
Unless otherwise
noted, all conversions from RMB to US$ are translated at the noon
buying rate of US$1.00 to
RMB6.3393 on March 31, 2022 in the City of New York for
cable
transfers of RMB as
certified for customs purposes by the Federal Reserve Bank of New York. No representation
is made that the RMB amounts could have been, or could
be,
converted into
US$ 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.
|
Mr. Quan Long, Chairman of the
Board of Directors and Chief Executive Officer of Autohome, stated,
"Since the beginning of this year, the resurgence of
COVID-19 pandemic in multiple
cities of China has impacted
most industries including the automobile industry. Despite the
challenging macro environment, Autohome reported a solid first
quarter with revenues totaling RMB1.47
billion, which exceeded the market expectation, and
maintained good profitability and high margin level. We
believe our steady financial performance and strong cash
flow could support Autohome to navigate through market
uncertainties and focus on long-term development. Meanwhile, a
healthy balance sheet and ample cash reserves allow us to continue
to implement our share repurchase program and dividend policy.
During this quarter, we significantly enhanced our content
offerings with a greater variety of video and live streaming
content and upgraded our new energy vehicle ("NEV") platform with a
refreshed layout and user-friendly functionalities. These
initiatives have successfully strengthened Autohome's content
ecosystem while delivering a better user experience and have
already gained substantial traction. In March 2022, our aggregated average daily active
users grew by 7.5% year-over-year to 45.21 million, according to
QuestMobile, further solidifying our leadership position in
the auto media sector. In addition, revenues from NEV brands soared
by 156.1% in the first quarter of 2022 compared to the same period
last year. We are also encouraged by the sustained growth momentum
in the number of our dealer customers who have adopt an
increasingly variety of our data products. Supported by our strong
network effect, innovation capabilities and visionary management
team, we believe these advancements will further strengthen our
eco-platform and empower us to capture new opportunities in the
years to come."
"Furthermore, we are thrilled to welcome Mr. Craig Yan Zeng to Autohome as our Chief
Financial Officer. Mr. Zeng has over 20 years' experience in the
capital markets and has held various senior management positions at
both US-listed and HK-listed companies, including LexinFintech, Hop
Hing Group Holdings, VanceInfo Technologies, as well as General
Electric in the U.S. We believe his extensive experience, skills
and leadership will be valuable asset to the Company and help
Autohome achieve the next stage of growth." concluded Mr.
Long.
Mr. Zeng, Chief Financial Officer of Autohome, added, "I am
pleased to join Autohome's senior management team and look forward
to contributing to the Company's long-term development. For the
first quarter of 2022, we delivered better-than-expected results.
The year-over-year revenue growth rate for our NEV brands and used
car business both outperformed the market, demonstrating our value
proposition and industry demand for our innovative products.
Looking ahead, we will continue to focus on long-term business
development and invest strategically to remain at the
forefront of innovation while maintaining a high-quality growth
standard. With the solid foundation we have built, our strong
balance sheet and ample cash reserves, we believe we are
well-positioned to achieve sustainable growth and deliver long-term
value to our shareholders."
Unaudited First Quarter 2022 Financial Results
Net Revenue
Net revenues in the first quarter of 2022 were RMB1,471.3 million (US$232.1 million), compared to RMB1,841.6 million in the corresponding period of
2021.
- Media services revenues were RMB266.8 million (US$42.1
million), compared to RMB604.8 million in the corresponding period
of 2021. The decline was attributable to the decrease in
average revenue per automaker advertiser, which was
primarily due to the ongoing chip shortage as well
as the impact of the COVID-19 pandemic
on certain cities in China in 2022.
- Leads generation services revenues were
RMB708.2 million (US$111.7 million), compared to RMB697.6 million in the corresponding period
of 2021.
- Online marketplace and others revenues
were RMB496.3 million (US$78.3
million), compared to RMB539.1 million in the corresponding period
of 2021. The decrease was primarily attributable to the
impact of the COVID-19 pandemic
on certain cities in China in 2022.
Cost of Revenues
Cost of revenues was RMB255.0 million (US$40.2 million) in the first quarter of 2022,
compared to RMB243.1 million in
the corresponding period of 2021. Share-based compensation
expense included in cost of revenues in the first quarter
of 2022 was RMB3.5 million (US$0.5 million), compared to RMB6.8 million in the corresponding period of
2021.
Operating Expenses
Operating expenses were RMB1,084.1 million (US$171.0 million) in the first quarter of 2022,
compared to RMB1,115.8 million in the corresponding period of
2021.
- Sales and marketing expenses were RMB592.3 million (US$93.4
million) in the first quarter of 2022, compared to
RMB682.6 million in the corresponding
period of 2021, primarily due to the decrease in promotional
spending. Share-based compensation expense
included in sales and marketing expenses in the
first quarter of 2022 was RMB8.4
million (US$1.3 million),
compared to RMB11.1 million in the
corresponding period of 2021.
- General and administrative expenses were RMB136.6 million (US$21.5
million) in the first quarter of 2022, compared to
RMB128.6 million in the corresponding
period of 2021. Share-based compensation
expense included in general and administrative
expenses in the first quarter of 2022
was RMB16.1 million (US$2.5
million), compared to RMB7.6 million in the corresponding period
of 2021.
- Product development expenses were RMB355.2 million (US$56.0 million) in the first quarter of
2022, compared to RMB304.6 million in
the corresponding period of 2021. The increase was primarily
attributable to higher investment in research and development
activities for digital products. Share-based
compensation expense included in product development
expenses in the first quarter of 2022 was RMB12.9 million (US$2.0 million), compared to RMB28.3 million in the corresponding period of
2021.
Operating Profit
Operating profit was RMB241.2 million (US$38.1 million) in the first quarter of 2022,
compared to RMB566.6 million in
the corresponding period of 2021.
Income Tax Expense
There was an income tax expense of RMB8.0
million (US$1.3 million) in
the first quarter of 2022, compared to income tax expense of
RMB65.0 million in the corresponding
period of 2021. The decrease was primarily attributable to a
preferential rate of 5% for withholding tax on cash
dividends which was obtained in 2022.
Net Income attributable to Autohome
Inc.
Net income attributable to Autohome Inc. was RMB318.2 million (US$50.2
million) in the first quarter of 2022, compared to
RMB704.3 million in the corresponding
period of 2021.
Net Income attributable to
Ordinary Shareholders and
Earnings per Share/ADS
Net income attributable to ordinary shareholders was
RMB307.5 million (US$48.5 million) in the first quarter of 2022,
compared to RMB633.8 million in the
corresponding period of 2021. Basic and diluted earnings per share
("EPS") were RMB0.61 (US$0.10) and RMB0.61 (US$0.10),
respectively, in the first quarter of 2022, as compared to basic
and diluted EPS of RMB1.31 and
RMB1.31, respectively, in the
corresponding period of 2021. Basic and diluted earnings per ADS
were RMB2.44 (US$0.38) and RMB2.44 (US$0.38),
respectively, in the first quarter of 2022 as compared to basic and
diluted earnings per ADS of RMB5.24
and RMB5.22, respectively, in the
corresponding period of 2021.
Adjusted Net Income attributable to Autohome
Inc. (Non-GAAP) and Non-GAAP Earnings per
Share/ADS
Adjusted net income attributable to Autohome Inc. (Non-GAAP) was
RMB437.5 million (US$69.0 million) in the first quarter of 2022,
compared to RMB735.1 million in
the corresponding period of 2021. Non-GAAP basic and diluted
EPS were RMB0.87 (US$0.14) and RMB0.87 (US$0.14),
respectively, in the first quarter of 2022 as compared to non-GAAP
basic and diluted EPS of RMB1.52 and
RMB1.51, respectively, in the
corresponding period of 2021. Non-GAAP basic and diluted earnings
per ADS were RMB3.47
(US$0.55) and RMB3.47 (US$0.55),
respectively, in the first quarter of 2022, compared to non-GAAP
basic and diluted earnings per ADS of RMB6.08 and RMB6.06, respectively, in the corresponding
period of 2021.
Balance Sheet and Cash Flow
As of March 31, 2022, the Company
had cash and cash equivalents and short-term investments of
RMB20.27 billion (US$3,197.3 million). Net cash provided by
operating activities in the first quarter of 2022 was RMB496.2 million (US$78.3
million).
Employees
The Company had 5,715 employees as of March 31, 2022, including 2,179 employees from
TTP Car, Inc. ("TTP").
Conference Call Information
The Company will host an earnings conference call at
8:00 AM U.S. Eastern Time on
Tuesday, May 24, 2022 (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:
|
49039262#
|
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 May 31,
2022:
United
States:
|
+1-646-982-0473
|
International:
|
+61-2-8325-2405
|
Passcode:
|
520001867#
|
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 earnings 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 of intangible assets resulting from business
acquisition, certain noncontrolling interests adjustments for
TTP (starting in the first quarter of 2021 for the first time,
which included interest income related to convertible bond
investment to TTP and is eliminated in consolidation), investment
loss relating to non-operating impact of a write-down of the
initial investment in a financial product, and (gain)/loss pickup
of equity method 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
Inc. 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 Inc. divided by
the basic and diluted weighted average number of ADSs. 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 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 "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 March 31,
|
|
2021
|
|
2022
|
|
RMB
|
|
RMB
|
|
US$
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
Net
revenues:
|
|
|
|
|
|
Media
services
|
604,824
|
|
266,802
|
|
42,087
|
Leads generation
services
|
697,634
|
|
708,204
|
|
111,716
|
Online marketplace
and others
|
539,123
|
|
496,286
|
|
78,287
|
Total net
revenues
|
1,841,581
|
|
1,471,292
|
|
232,090
|
Cost of
revenues
|
(243,123)
|
|
(255,017)
|
|
(40,228)
|
Gross
profit
|
1,598,458
|
|
1,216,275
|
|
191,862
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
Sales and marketing
expenses
|
(682,633)
|
|
(592,254)
|
|
(93,426)
|
General and
administrative expenses
|
(128,625)
|
|
(136,562)
|
|
(21,542)
|
Product development
expenses
|
(304,551)
|
|
(355,247)
|
|
(56,039)
|
Total operating
expenses
|
(1,115,809)
|
|
(1,084,063)
|
|
(171,007)
|
Other operating
income, net
|
83,985
|
|
109,024
|
|
17,199
|
Operating
profit
|
566,634
|
|
241,236
|
|
38,054
|
|
|
|
|
|
|
Interest and
investment income, net
|
129,703
|
|
90,768
|
|
14,318
|
Loss from equity
method investments, net
|
(197)
|
|
(26,229)
|
|
(4,138)
|
Income before
income taxes
|
696,140
|
|
305,775
|
|
48,234
|
Income tax
expense
|
(65,033)
|
|
(8,040)
|
|
(1,268)
|
Net
income
|
631,107
|
|
297,735
|
|
46,966
|
Net loss attributable
to noncontrolling interests
|
73,182
|
|
20,513
|
|
3,236
|
Net income
attributable to Autohome Inc.
|
704,289
|
|
318,248
|
|
50,202
|
Accretion of
mezzanine equity
|
(327,073)
|
|
(30,876)
|
|
(4,871)
|
Accretion
attributable to noncontrolling interests
|
256,583
|
|
20,118
|
|
3,174
|
Net income
attributable to ordinary
shareholders
|
633,799
|
|
307,490
|
|
48,505
|
|
|
|
|
|
|
Earnings per share
for ordinary shares
|
|
|
|
|
|
Basic
|
1.31
|
|
0.61
|
|
0.10
|
Diluted
|
1.31
|
|
0.61
|
|
0.10
|
Earnings per ADS
attributable to ordinary
shareholders (one ADS equals for four
ordinary shares)
|
|
|
|
|
|
Basic
|
5.24
|
|
2.44
|
|
0.38
|
Diluted
|
5.22
|
|
2.44
|
|
0.38
|
|
|
|
|
|
|
Weighted average
shares used to compute
earnings per share attributable to ordinary
shareholders:
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
483,498,580
|
|
504,448,800
|
|
504,448,800
|
Diluted
|
485,207,380
|
|
504,709,220
|
|
504,709,220
|
AUTOHOME
INC.
|
RECONCILIATIONS OF
NON-GAAP AND GAAP RESULTS
|
(Amount in thousands,
except per share / per ADS data)
|
|
|
|
|
|
|
|
For three
months ended March 31,
|
|
2021
|
|
2022
|
|
RMB
|
|
RMB
|
|
US$
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
Net income
attributable to
Autohome Inc.
|
704,289
|
|
318,248
|
|
50,202
|
Plus: income tax
expense
|
65,033
|
|
9,381
|
|
1,480
|
Plus: depreciation of
property and
equipment
|
50,694
|
|
57,228
|
|
9,027
|
Plus: amortization of
intangible assets
|
2,969
|
|
10,837
|
|
1,709
|
EBITDA
|
822,985
|
|
395,694
|
|
62,418
|
Plus: share-based
compensation
expenses
|
53,837
|
|
40,861
|
|
6,446
|
Adjusted
EBITDA
|
876,822
|
|
436,555
|
|
68,864
|
|
|
|
|
|
|
Net income
attributable to
Autohome Inc.
|
704,289
|
|
318,248
|
|
50,202
|
Plus: amortization of
intangible assets
resulting from business acquisition
|
1,139
|
|
10,722
|
|
1,691
|
Plus: share-based
compensation
expenses
|
53,837
|
|
40,861
|
|
6,446
|
Plus: investment loss
arising from one
of
financial products[3]
|
-
|
|
54,420
|
|
8,585
|
Plus: loss on equity
method investments, net
|
197
|
|
26,229
|
|
4,138
|
Plus: certain
noncontrolling interests
adjustments for TTP
|
(24,370)
|
|
-
|
|
-
|
Plus: tax effects of
the adjustments
|
(36)
|
|
(12,947)
|
|
(2,042)
|
Adjusted net
income attributable to
Autohome Inc.
|
735,056
|
|
437,533
|
|
69,020
|
|
|
|
|
|
|
Net income
attributable to
Autohome Inc.
|
704,289
|
|
318,248
|
|
50,202
|
Net
margin
|
38.2%
|
|
21.6%
|
|
21.6%
|
Adjusted net
income attributable to
Autohome Inc.
|
735,056
|
|
437,533
|
|
69,020
|
Adjusted net
margin
|
39.9%
|
|
29.7%
|
|
29.7%
|
|
|
|
|
|
|
Non-GAAP earnings
per share
|
|
|
|
|
|
Basic
|
1.52
|
|
0.87
|
|
0.14
|
Diluted
|
1.51
|
|
0.87
|
|
0.14
|
Non-GAAP earnings
per ADS (one
ADS equals for four ordinary
shares)
|
|
|
|
|
|
Basic
|
6.08
|
|
3.47
|
|
0.55
|
Diluted
|
6.06
|
|
3.47
|
|
0.55
|
|
|
|
|
|
|
Weighted average
shares used to
compute non-GAAP earnings per
share:
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
483,498,580
|
|
504,448,800
|
|
504,448,800
|
Diluted
|
485,207,380
|
|
504,709,220
|
|
504,709,220
|
|
|
|
|
|
|
[3] It represented
the loss of an overdue financial product with fair value below its
initial investment in the first quarter of 2022, 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.
|
CONDENSED
CONSOLIDATED BALANCE SHEET
|
(Amount in thousands,
except as noted)
|
|
|
|
|
|
|
|
As
of
December
31,
|
|
As of March
31,
|
|
2021
|
|
2022
|
|
RMB
|
|
RMB
|
|
US$
|
|
(Audited)
|
|
(Unaudited)
|
|
(Unaudited)
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
4,236,501
|
|
2,786,456
|
|
439,553
|
Restricted
Cash
|
89,855
|
|
87,740
|
|
13,841
|
Short-term
investments
|
16,496,267
|
|
17,482,251
|
|
2,757,757
|
Accounts receivable,
net
|
2,139,471
|
|
1,570,959
|
|
247,813
|
Amounts due from
related parties, current
|
83,376
|
|
53,882
|
|
8,500
|
Prepaid expenses and
other current assets
|
280,248
|
|
434,998
|
|
68,619
|
Total current
assets
|
23,325,718
|
|
22,416,286
|
|
3,536,083
|
Non-current
assets
|
|
|
|
|
|
Restricted cash,
non-current
|
5,200
|
|
5,200
|
|
820
|
Property and
equipment, net
|
381,496
|
|
342,241
|
|
53,987
|
Goodwill and
intangible assets, net
|
4,428,822
|
|
4,409,042
|
|
695,509
|
Long-term
investments
|
70,720
|
|
444,491
|
|
70,117
|
Deferred tax
assets
|
176,138
|
|
176,083
|
|
27,776
|
Amounts due from
related parties, non-current
|
7,529
|
|
11,319
|
|
1,786
|
Other non-current
assets
|
133,383
|
|
147,434
|
|
23,257
|
Total non-current
assets
|
5,203,288
|
|
5,535,810
|
|
873,252
|
Total
assets
|
28,529,006
|
|
27,952,096
|
|
4,409,335
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accrued expenses and
other payables
|
2,044,597
|
|
1,740,108
|
|
274,496
|
Advance from
customers
|
123,370
|
|
108,913
|
|
17,181
|
Deferred
revenue
|
1,553,013
|
|
1,692,177
|
|
266,934
|
Income tax
payable
|
233,342
|
|
150,396
|
|
23,724
|
Amounts due to
related parties
|
31,897
|
|
19,697
|
|
3,107
|
Total current
liabilities
|
3,986,219
|
|
3,711,291
|
|
585,442
|
Non-current
liabilities
|
|
|
|
|
|
Other
liabilities
|
28,619
|
|
46,428
|
|
7,326
|
Deferred tax
liabilities
|
576,798
|
|
517,389
|
|
81,616
|
Total non-current
liabilities
|
605,417
|
|
563,817
|
|
88,942
|
Total
liabilities
|
4,591,636
|
|
4,275,108
|
|
674,384
|
|
|
|
|
|
|
MEZZANINE
EQUITY
|
|
|
|
|
|
Convertible
redeemable noncontrolling interests
|
1,468,029
|
|
1,498,904
|
|
236,446
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
Total Autohome
Inc. shareholders' equity
|
22,754,419
|
|
22,503,791
|
|
3,549,886
|
Noncontrolling
interests
|
(285,078)
|
|
(325,707)
|
|
(51,381)
|
Total
equity
|
22,469,341
|
|
22,178,084
|
|
3,498,505
|
Total liabilities,
mezzanine equity and equity
|
28,529,006
|
|
27,952,096
|
|
4,409,335
|
View original
content:https://www.prnewswire.com/news-releases/autohome-inc-announces-unaudited-first-quarter-2022-financial-results-301553457.html
SOURCE Autohome Inc.