BEIJING, Aug. 3, 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 three months and
six months ended June 30, 2022.
Second Quarter 2022
Highlights[1]
- Net Revenues in the second quarter of 2022
were RMB1,733.0 million (US$258.7 million), compared to RMB1,938.0 million in the corresponding period of
2021.
- Net Income attributable to Autohome Inc. in the second
quarter of 2022 was RMB435.0 million
(US$64.9 million), compared to
RMB754.9 million in the
corresponding period of 2021, and net income attributable to
ordinary shareholders in the second quarter of 2022 was
RMB423.4 million (US$63.2 million), compared to RMB746.7 million in the corresponding period of
2021.
- Adjusted Net Income attributable to Autohome Inc.
(Non-GAAP)[2] in the second quarter of 2022
was RMB472.2 million (US$70.5 million), compared to RMB795.4 million in the corresponding period of
2021.
- Share Repurchase: As of July 31,
2022, the Company has repurchased 1,883,906 American
depositary shares ("ADSs") for a total cost of approximately
US$54.2 million.
[1] The
reporting currency of the Company is Renminbi ("RMB"). For the
convenience of readers, certain amounts throughout the release
are presented in US dollars ("US$"). Unless otherwise noted, all
conversions from RMB to US$ are translated at the noon buying rate
of
US$1.00 to RMB6.6981 on June 30, 2022 in the City of New York for
cable transfers of RMB as certified for customs purposes by the
Federal Reserve Bank of New York. No representation is made that
the RMB amounts could have been, or could be, converted into US$ 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,
"We are pleased to report a strong operational and financial
performance in the second quarter of 2022. Though we faced a
rather challenging environment due to the pandemic, Autohome still
delivered another solid quarter, clearly demonstrating our business
resilience and market-leading position. For users, we
continued to promote our core IP strategy and differentiate our
offerings to provide users with more choices and services,
effectively expanding our user base as we further diversified
content ecosystem. In June 2022, our
aggregated average daily users grew by 8.1% year-over-year to 47.63
million, according to QuestMobile, setting a new record high and
firmly maintaining our leading position in the auto vertical. For
our customers, we proactively built new business operation models
in response to the cancellation of local offline auto shows due to
the pandemic's resurgence. For example, we added VR functionality
to our Intelligent Showroom, helping our customers to expand their
user reach. We also normalized online auto shows, providing
automakers a platform to promote their localized marketing
information. In the first half of the year, we held more than 300
national and local online auto shows, covering over 70 million
people throughout China. Moving
ahead, we remain committed to enhancing our platform while
accelerating new initiatives and deepening synergies with Ping An
Group. We look forward to generating additional long-term
value for our users, customers, shareholders and other stakeholders
across our comprehensive auto search, purchase and use
ecosystem."
Mr. Craig Yan Zeng, Chief Financial Officer of
Autohome, added, "We sustained our strong recovery momentum in the
second quarter of 2022 with revenues totaling RMB1.73 billion. Notably, the year-over-year
revenue growth for our new energy vehicle ("NEV") business once
again significantly outpaced the market. Despite the pandemic, by
leveraging our big data and technology capabilities, we enabled our
dealer customers to realize contactless sales and marketing with
our data products and services, leading to an increase in our
product popularity. We are also glad to see that the number of our
dealer customers for data products in the second quarter
increased by 14% year-over-year while for the first half of this
year, the average revenue per dealer store and the average number
of data products adopted by each dealer store rose by 20% and 32%
year-over-year, respectively, all exhibiting strong growth trends.
Looking to the rest of 2022, with government stimulus packages for
auto consumption taking effect and supported by our
robust balance sheet and abundant cash on hand, we are
confident that we are well-positioned to capture new opportunities
in strategic areas that will contribute to Autohome's future
growth."
Unaudited Second Quarter 2022 Financial
Results
Net Revenues
Net revenues in the second quarter of 2022 were
RMB1,733.0 million (US$258.7 million), compared to RMB1,938.0 million in the corresponding period of
2021.
- Media services revenues were RMB530.6 million (US$79.2
million), compared to RMB599.8 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 impact of the COVID-19
pandemic on certain cities in China in the
first half of 2022.
- Leads generation services revenues were
RMB752.8 million (US$112.4 million), compared to RMB744.0 million in the corresponding period
of 2021.
- Online marketplace and others revenues
were RMB449.6 million (US$67.1
million), compared to RMB594.3 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 the first half of
2022.
Cost of Revenues
Cost of revenues was RMB278.9 million (US$41.6 million) in the second quarter of
2022, compared to RMB261.6 million in the corresponding period
of 2021. The increase was primarily attributable to the
continuous investment in content. Share-based compensation expense
included in cost of revenues in the second quarter of
2022 was RMB1.3 million (US$0.2 million), compared to RMB5.1 million in the corresponding period of
2021.
Operating Expenses
Operating expenses were RMB1,227.5 million
(US$183.3 million) in the second
quarter of 2022, compared to RMB1,073.8 million in the
corresponding period of 2021.
- Sales and marketing expenses were RMB738.7 million (US$110.3
million) in the second quarter of 2022, compared to
RMB562.4 million in the corresponding
period of 2021. The increase was primarily attributable to the
escalation of marketing and promotional spending.
Share-based compensation expense included in sales and
marketing expenses in the second quarter of 2022 was
RMB5.4 million (US$0.8 million), compared to RMB10.8 million in the corresponding period of
2021.
- General and administrative expenses were RMB126.6 million (US$18.9
million) in the second quarter of 2022, compared to
RMB176.8 million in the corresponding
period of 2021. 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 2022
was RMB10.1 million (US$1.5
million), compared to RMB10.2 million in the corresponding period
of 2021.
- Product development expenses were RMB362.2 million (US$54.1 million) in the second quarter of
2022, compared to RMB334.7 million in
the corresponding period of 2021. The increase was primarily
attributable to greater investment in research and development
activities for digital products. Share-based
compensation expense included in product development
expenses in the second quarter of 2022 was RMB11.6 million (US$1.7
million), compared to RMB18.8
million in the corresponding period of 2021.
Operating Profit
Operating profit was RMB301.3 million (US$45.0 million) in the second quarter of 2022,
compared to RMB673.0 million in
the corresponding period of 2021.
Income Tax Expense
There was an income tax expense of RMB34.1 million (US$5.1
million) in the second quarter of 2022, compared to income
tax expense of RMB70.2 million in the
corresponding period of 2021. The decrease was primarily
attributable to the lower profit before income tax.
Net Income attributable to Autohome Inc.
Net income attributable to Autohome Inc. was RMB435.0 million (US$64.9
million) in the second quarter of 2022, compared to
RMB754.9 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
RMB423.4 million (US$63.2 million) in the second quarter of 2022,
compared to RMB746.7 million in the
corresponding period of 2021. Basic and diluted earnings per share
("EPS") were RMB0.85 (US$0.13) and RMB0.84 (US$0.13),
respectively, in the second quarter of 2022, as compared to basic
and diluted EPS of RMB1.48 and
RMB1.48, respectively, in the
corresponding period of 2021. Basic and diluted earnings per ADS
were RMB3.38 (US$0.50) and RMB3.38 (US$0.50),
respectively, in the second quarter of 2022 as compared to basic
and diluted earnings per ADS of RMB5.92 and RMB5.91, 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
RMB472.2 million (US$70.5 million) in the second quarter of 2022,
compared to RMB795.4 million in the
corresponding period of 2021. Non-GAAP basic and diluted EPS
were RMB0.94 (US$0.14) and RMB0.94 (US$0.14),
respectively, in the second quarter of 2022 as compared to non-GAAP
basic and diluted EPS of RMB1.58 and
RMB1.57, respectively, in the
corresponding period of 2021. Non-GAAP basic and diluted earnings
per ADS were RMB3.77 (US$0.56) and RMB3.77 (US$0.56),
respectively, in the second quarter of 2022, compared to non-GAAP
basic and diluted earnings per ADS of RMB6.31 and RMB6.30, respectively, in the corresponding
period of 2021.
Balance Sheet and Cash Flow
As of June 30, 2022, the Company
had cash and cash equivalents and short-term investments of
RMB20.94 billion (US$3,125.8 million). Net cash provided by
operating activities in the second quarter of 2022 was RMB488.3 million (US$72.9
million).
Employees
The Company had 5,631 employees as of June 30, 2022, including 2,075 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
Wednesday, August 3, 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:
|
41836568#
|
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 August 10,
2022:
United
States:
|
+1-646-982-0473
|
International:
|
+61-2-8325-2405
|
Passcode:
|
520002963#
|
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 that is eliminated in consolidation), investment
loss relating to non-operating impact of a write-down of the
initial investment in a financial product, (gain)/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 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
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.
|
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,
|
|
2021
|
|
2022
|
|
2021
|
|
2022
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Media
services
|
599,812
|
|
530,561
|
|
79,211
|
|
1,204,636
|
|
797,363
|
|
119,043
|
Leads generation
services
|
743,953
|
|
752,813
|
|
112,392
|
|
1,441,587
|
|
1,461,017
|
|
218,124
|
Online marketplace and
others
|
594,278
|
|
449,619
|
|
67,126
|
|
1,133,401
|
|
945,905
|
|
141,220
|
Total net
revenues
|
1,938,043
|
|
1,732,993
|
|
258,729
|
|
3,779,624
|
|
3,204,285
|
|
478,387
|
Cost of
revenues
|
(261,587)
|
|
(278,864)
|
|
(41,633)
|
|
(504,710)
|
|
(533,881)
|
|
(79,706)
|
Gross
profit
|
1,676,456
|
|
1,454,129
|
|
217,096
|
|
3,274,914
|
|
2,670,404
|
|
398,681
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing
expenses
|
(562,362)
|
|
(738,729)
|
|
(110,289)
|
|
(1,244,995)
|
|
(1,330,983)
|
|
(198,711)
|
General and
administrative
expenses
|
(176,782)
|
|
(126,616)
|
|
(18,903)
|
|
(305,407)
|
|
(263,178)
|
|
(39,291)
|
Product development
expenses
|
(334,662)
|
|
(362,194)
|
|
(54,074)
|
|
(639,213)
|
|
(717,441)
|
|
(107,111
|
Total operating
expenses
|
(1,073,806)
|
|
(1,227,539)
|
|
(183,266)
|
|
(2,189,615)
|
|
(2,311,602)
|
|
(345,113)
|
Other operating income,
net
|
70,337
|
|
74,661
|
|
11,147
|
|
154,322
|
|
183,685
|
|
27,423
|
Operating
profit
|
672,987
|
|
301,251
|
|
44,977
|
|
1,239,621
|
|
542,487
|
|
80,991
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and
investment
income, net
|
138,859
|
|
149,398
|
|
22,305
|
|
268,562
|
|
240,166
|
|
35,856
|
Gain/(loss) from equity
method
investments, net
|
(763)
|
|
5,882
|
|
878
|
|
(960)
|
|
(20,347)
|
|
(3,038)
|
Income before income
taxes
|
811,083
|
|
456,531
|
|
68,160
|
|
1,507,223
|
|
762,306
|
|
113,809
|
Income tax
expense
|
(70,216)
|
|
(34,108)
|
|
(5,092)
|
|
(135,249)
|
|
(42,148)
|
|
(6,293)
|
Net
income
|
740,867
|
|
422,423
|
|
63,068
|
|
1,371,974
|
|
720,158
|
|
107,516
|
Net loss attributable
to
noncontrolling interests
|
14,073
|
|
12,593
|
|
1,880
|
|
87,255
|
|
33,106
|
|
4,943
|
Net income
attributable to
Autohome Inc.
|
754,940
|
|
435,016
|
|
64,948
|
|
1,459,229
|
|
753,264
|
|
112,459
|
Accretion of mezzanine
equity
|
(29,218)
|
|
(33,383)
|
|
(4,984)
|
|
(356,291)
|
|
(64,259)
|
|
(9,594)
|
Accretion attributable
to
noncontrolling interests
|
20,984
|
|
21,743
|
|
3,246
|
|
277,567
|
|
41,861
|
|
6,250
|
Net income
attributable to
ordinary shareholders
|
746,706
|
|
423,376
|
|
63,210
|
|
1,380,505
|
|
730,866
|
|
109,115
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share
for
ordinary share
|
|
|
|
|
|
|
|
|
|
Basic
|
1.48
|
|
0.85
|
|
0.13
|
|
2.79
|
|
1.45
|
|
0.22
|
Diluted
|
1.48
|
|
0.84
|
|
0.13
|
|
2.79
|
|
1.45
|
|
0.22
|
Earnings per
ADS
attributable to ordinary
shareholders (one ADS
equals for four ordinary
shares)
|
|
|
|
|
|
Basic
|
5.92
|
|
3.38
|
|
0.50
|
|
11.18
|
|
5.82
|
|
0.87
|
Diluted
|
5.91
|
|
3.38
|
|
0.50
|
|
11.15
|
|
5.81
|
|
0.87
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
shares used to compute
earnings per share attributable to ordinary
shareholders:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
504,293,912
|
|
500,676,420
|
|
500,676,420
|
|
493,953,692
|
|
502,552,188
|
|
502,552,188
|
Diluted
|
505,183,728
|
|
501,112,704
|
|
501,112,704
|
|
495,253,000
|
|
502,882,428
|
|
502,882,428
|
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,
|
|
2021
|
|
2022
|
|
2021
|
|
2022
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
Net income
attributable to
Autohome Inc.
|
754,940
|
|
435,016
|
|
64,946
|
|
1,459,229
|
|
753,264
|
|
112,459
|
Plus: income tax
expense
|
72,198
|
|
35,448
|
|
5,292
|
|
137,231
|
|
44,829
|
|
6,693
|
Plus: depreciation of
property and
equipment
|
53,816
|
|
57,596
|
|
8,599
|
|
104,510
|
|
114,824
|
|
17,143
|
Plus: amortization of
intangible
assets
|
8,307
|
|
10,837
|
|
1,618
|
|
11,276
|
|
21,674
|
|
3,236
|
EBITDA
|
889,261
|
|
538,897
|
|
80,455
|
|
1,712,246
|
|
934,591
|
|
139,531
|
Plus: share-based
compensation
expenses
|
44,966
|
|
28,396
|
|
4,239
|
|
98,803
|
|
69,257
|
|
10,340
|
Adjusted
EBITDA
|
934,227
|
|
567,293
|
|
84,694
|
|
1,811,049
|
|
1,003,848
|
|
149,871
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
Autohome Inc.
|
754,940
|
|
435,016
|
|
64,946
|
|
1,459,229
|
|
753,264
|
|
112,459
|
Plus: amortization of
intangible assets
resulting from business acquisition
|
6,444
|
|
10,722
|
|
1,601
|
|
7,583
|
|
21,444
|
|
3,202
|
Plus: share-based
compensation
expenses
|
44,966
|
|
28,396
|
|
4,239
|
|
98,803
|
|
69,257
|
|
10,340
|
Plus: investment loss
arising from
one of financial
products[3]
|
-
|
|
4,021
|
|
600
|
|
-
|
|
58,441
|
|
8,725
|
Plus: (gain)/loss on
equity method
investments, net
|
763
|
|
(5,882)
|
|
(878)
|
|
960
|
|
20,347
|
|
3,038
|
Plus: certain
noncontrolling interests
adjustments for TTP
|
(10,826)
|
|
-
|
|
-
|
|
(35,196)
|
|
-
|
|
-
|
Plus: impairment of
long-term
investments
|
-
|
|
1,696
|
|
253
|
|
-
|
|
1,696
|
|
253
|
Plus: tax effects of
the
adjustments
|
(931)
|
|
(1,746)
|
|
(261)
|
|
(968)
|
|
(14,693)
|
|
(2,194)
|
Adjusted net
income
attributable to Autohome Inc.
|
795,356
|
|
472,223
|
|
70,500
|
|
1,530,411
|
|
909,756
|
|
135,823
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
Autohome Inc.
|
754,940
|
|
435,016
|
|
64,946
|
|
1,459,229
|
|
753,264
|
|
112,459
|
Net
margin
|
39.0 %
|
|
25.1 %
|
|
25.1 %
|
|
38.6 %
|
|
23.5 %
|
|
23.5 %
|
Adjusted net
income
attributable to Autohome Inc.
|
795,356
|
|
472,223
|
|
70,500
|
|
1,530,411
|
|
909,756
|
|
135,823
|
Adjusted net
margin
|
41.0 %
|
|
27.2 %
|
|
27.2 %
|
|
40.5 %
|
|
28.4 %
|
|
28.4 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP earnings
per share
|
|
|
|
|
|
|
|
|
|
|
Basic
|
1.58
|
|
0.94
|
|
0.14
|
|
3.10
|
|
1.81
|
|
0.27
|
Diluted
|
1.57
|
|
0.94
|
|
0.14
|
|
3.09
|
|
1.81
|
|
0.27
|
Non-GAAP earnings
per ADS
(one ADS equals for four
ordinary shares)
|
|
|
|
|
|
|
|
|
Basic
|
6.31
|
|
3.77
|
|
0.56
|
|
12.39
|
|
7.24
|
|
1.08
|
Diluted
|
6.30
|
|
3.77
|
|
0.56
|
|
12.36
|
|
7.24
|
|
1.08
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
shares used
to compute non-GAAP
earnings per share:
|
|
|
|
|
|
|
|
|
Basic
|
504,293,912
|
|
500,676,420
|
|
500,676,420
|
|
493,953,692
|
|
502,552,188
|
|
502,552,188
|
Diluted
|
505,183,728
|
|
501,112,704
|
|
501,112,704
|
|
495,253,000
|
|
502,882,428
|
|
502,882,428
|
|
|
|
|
|
|
|
|
|
|
|
|
[3] It
represented the investment loss of an overdue financial product in
the second quarter and first half 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 June
30,
|
|
2021
|
|
2022
|
|
RMB
|
|
RMB
|
|
US$
|
|
(Audited)
|
|
(Unaudited)
|
|
(Unaudited)
|
ASSETS
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
4,236,501
|
|
3,851,719
|
|
575,047
|
Restricted
Cash
|
89,855
|
|
9,175
|
|
1,370
|
Short-term
investments
|
16,496,267
|
|
17,085,149
|
|
2,550,746
|
Accounts receivable,
net
|
2,139,471
|
|
1,444,055
|
|
215,592
|
Amounts due from
related parties, current
|
83,376
|
|
45,529
|
|
6,797
|
Prepaid expenses and
other current assets
|
280,248
|
|
431,000
|
|
64,347
|
Total current
assets
|
23,325,718
|
|
22,866,627
|
|
3,413,899
|
Non-current
assets
|
|
|
|
|
|
Restricted cash,
non-current
|
5,200
|
|
5,200
|
|
776
|
Property and equipment,
net
|
381,496
|
|
305,036
|
|
45,541
|
Goodwill and intangible
assets, net
|
4,428,822
|
|
4,389,280
|
|
655,302
|
Long-term
investments
|
70,720
|
|
448,677
|
|
66,986
|
Deferred tax
assets
|
176,138
|
|
173,414
|
|
25,890
|
Amounts due from
related parties, non-current
|
7,529
|
|
14,182
|
|
2,117
|
Other non-current
assets
|
133,383
|
|
151,367
|
|
22,598
|
Total non-current
assets
|
5,203,288
|
|
5,487,156
|
|
819,210
|
Total
assets
|
28,529,006
|
|
28,353,783
|
|
4,233,109
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Accrued expenses and
other payables
|
2,044,597
|
|
1,962,191
|
|
292,946
|
Advance from
customers
|
123,370
|
|
97,537
|
|
14,562
|
Deferred
revenue
|
1,553,013
|
|
1,274,556
|
|
190,286
|
Income tax
payable
|
233,342
|
|
163,922
|
|
24,473
|
Amounts due to related
parties
|
31,897
|
|
26,838
|
|
4,007
|
Total current
liabilities
|
3,986,219
|
|
3,525,044
|
|
526,274
|
Non-current
liabilities
|
|
|
|
|
|
Other
liabilities
|
28,619
|
|
52,300
|
|
7,810
|
Deferred tax
liabilities
|
576,798
|
|
518,548
|
|
77,417
|
Total non-current
liabilities
|
605,417
|
|
570,848
|
|
85,227
|
Total
liabilities
|
4,591,636
|
|
4,095,892
|
|
611,501
|
|
|
|
|
|
|
MEZZANINE
EQUITY
|
|
|
|
|
|
Convertible redeemable
noncontrolling interests
|
1,468,029
|
|
1,532,287
|
|
228,764
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
Total Autohome Inc.
shareholders' equity
|
22,754,419
|
|
23,085,878
|
|
3,446,631
|
Noncontrolling
interests
|
(285,078)
|
|
(360,274)
|
|
(53,787)
|
Total
equity
|
22,469,341
|
|
22,725,604
|
|
3,392,844
|
Total liabilities,
mezzanine equity and equity
|
28,529,006
|
|
28,353,783
|
|
4,233,109
|
View original
content:https://www.prnewswire.com/news-releases/autohome-inc-announces-unaudited-2022-second-quarter-and-interim-financial-results-301598789.html
SOURCE Autohome Inc.