Lei Jianping on May 15
Autohome (NYSE: ATHM, HKEX: 2518) recently filed a Form 20-F filing with the U.S. SEC, as of March 31, 2024, Ping An's Yun Chen held 46.4% of the shares, and FIL held 5.5% of the shares.
As of March 31, 2024, Autohome's shareholding structure
According to the annual report, Autohome's revenue in 2021, 2022 and 2023 will be 7.237 billion yuan, 6.941 billion yuan and 7.184 billion yuan (about 1.012 billion US dollars) respectively, and the gross profit will be 6.189 billion yuan, 5.706 billion yuan and 5.772 billion yuan (about 813 million US dollars) respectively.
Autohome's operating profit in 2021, 2022, and 2023 will be 1.782 billion, 1.248 billion, and 1.137 billion (about 160 million US dollars), respectively, and the operating profit margin will be 24.6%, 18%, and 15.8%, respectively.
Autohome's net profit in 2021, 2022 and 2023 will be 2.143 billion yuan, 1.825 billion yuan and 1.925 billion yuan (about 272 million US dollars) respectively, and the net profit margin will be 29.6%, 26.3% and 26.8% respectively.
Autohome's revenue for the first quarter of 2024 was 1.609 billion yuan ($223 million), up 5% from 1.534 billion yuan in the same period in 2023.
Among them, Autohome's media service revenue in the first quarter of 2024 was 327 million yuan (US$45.3 million), compared to 362 million yuan in the same period of 2023, lead service revenue was 726 million yuan (US$100 million), compared to 681 million yuan in the same period of 2023, and online marketing and other revenue was 555 million yuan (US$76.9 million), compared to 492 million yuan in the same period of 2023.
Autohome's operating profit for the first quarter of 2024 was 276 million yuan (US$38.2 million), compared to 263 million yuan for the same period in 2023.
Autohome's net profit attributable to common shareholders for the first quarter of 2024 was RMB380 million (US$52.6 million), compared to RMB393 million for the same period in 2023, and adjusted net profit was RMB494 million (US$68.4 million), compared to RMB484 million for the same period in 2023.
In November 2023, Ping An Property & Casualty announced that with effect from November 13, 2023, Longquan will officially serve as the Chairman and Chief Executive Officer of Ping An Property & Casualty. At present, Longquan still serves as the chairman of Autohome.
In December 2023, Autohome announced the appointment of Wu Tao as the company's director and chief executive officer, responsible for the company's strategic planning, organizational management, and business development, effective immediately.
As of March 31, 2024, Autohome's cash and cash equivalents and short-term investments totaled RMB23.65 billion (US$3.27 billion). Net cash flow from operating activities for the first quarter of 2024 was RMB561 million (US$77.7 million).
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