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Autohome Inc. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results

1. Q4 2024 revenue fell from RMB1,911.4M to RMB1,783.4M; net income declined significantly. 2. Adjusted net income remained nearly flat while EPS dropped from RMB0.89 to RMB0.63. 3. The company repurchased 3.29M ADSs for US$88.5M, showing management confidence. 4. CEO highlights integration of AI and offline expansion to drive future growth.

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FAQ

Why Neutral?

Although reported net income and EPS declined year-over-year, adjusted results were stable and the share repurchase signals management confidence. Historically, similar earnings updates have led to mixed immediate reactions when operating challenges are partly offset by strategic initiatives and buybacks.

How important is it?

This detailed earnings release affects core financial metrics and forward guidance, making it significant for ATHM’s near-term valuation. Although there are some growth initiatives noted, the revenue and net income declines place a moderate impact on the stock.

Why Short Term?

Earnings results and share repurchase activities tend to influence the stock price in the near term, as seen in prior quarterly reports. Immediate investor reactions and short-term trading algorithms are likely to focus on these figures.

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HKEX:2518
, /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 full year ended December 31, 2024. Fourth Quarter 2024 Highlights[1] Net revenues in the fourth quarter of 2024 were RMB1,783.4 million (US$244.3 million), compared to RMB1,911.4 million in the corresponding period of 2023. Net income attributable to Autohome in the fourth quarter of 2024 was RMB320.5 million (US$43.9 million), compared to RMB446.7 million in the corresponding period of 2023, while net income attributable to ordinary shareholders in the fourth quarter of 2024 was RMB304.4 million (US$41.7 million), compared to RMB432.1 million in the corresponding period of 2023. Adjusted net income attributable to Autohome (Non-GAAP)[2] in the fourth quarter of 2024 was RMB486.5 million (US$66.7 million), compared to RMB502.8 million in the corresponding period of 2023. Share repurchase: As of February 14, 2025, the Company had repurchased 3,289,520 American depositary shares ("ADSs") for a total cost of approximately US$88.5 million. Full Year 2024 Highlights[1] Net revenues in 2024 were RMB7,039.6 million (US$964.4 million), compared to RMB7,184.1 million in 2023. Net income attributable to Autohome in 2024 was RMB1,681.1 million (US$230.3 million), compared to RMB1,935.3 million in 2023, while net income attributable to ordinary shareholders in 2024 was RMB1,619.6 million (US$221.9 million), compared to RMB1,880.1 million in 2023. Adjusted net income attributable to Autohome (Non-GAAP)[2] in 2024 was RMB2,050.0 million (US$280.9 million), compared to RMB2,159.6 million in 2023. Mr. Song Yang, Chief Executive Officer of Autohome, stated, "Throughout the year, we focused on integrating our online-to-offline ecosystem, achieving significant milestones in user growth, content matrix enhancements, new retail business expansion, and the promotion of AI applications. According to QuestMobile, our average mobile daily active users increased by 13.6% year-over-year to 77.48 million in December 2024, underscoring the effectiveness of our content-driven approach. We are also excited about the rapid expansion of our franchised Autohome Space and satellite stores, which now exceed 150 in total -- significantly broadening our offline presence and further reinforcing our service offerings." "In terms of technological innovation, we have seamlessly integrated AI across all aspects of our services - from content creation for consumers to operational management and decision-making analysis for clients. Looking ahead, we will deepen resource deployment across targeted regional markets, refine our business model, and enhance operational efficiency. By establishing a virtuous online to offline cycle, we are driving Autohome to new heights." Mr. Craig Yan Zeng, Chief Financial Officer of Autohome, added, "We concluded 2024 with several significant breakthroughs across our innovative businesses. Online marketplace and others revenues increased by 8.1% year-over-year in 2024, driving total revenues for the year to RMB7.04 billion. Our new retail business has emerged as a clear growth driver as we further refine and improve the effectiveness of our business model. Looking ahead to 2025, we will continue to strategically invest in innovative growth initiatives in order to achieve our dual objectives of business expansion and financial stability." Unaudited Fourth Quarter 2024 Financial Results Net Revenues Net revenues were RMB1,783.4 million (US$244.3 million) in the fourth quarter of 2024, compared to RMB1,911.4 million in the corresponding period of 2023. Media services revenues were RMB436.8 million (US$59.8 million) in the fourth quarter of 2024, compared to RMB500.5 million in the corresponding period of 2023. Leads generation services revenues were RMB758.4 million (US$103.9 million) in the fourth quarter of 2024, compared to RMB841.5 million in the corresponding period of 2023. Online marketplace and others revenues were RMB588.2 million (US$80.6 million) in the fourth quarter of 2024, compared to RMB569.5 million in the corresponding period of 2023. Cost of Revenues Cost of revenues was RMB428.6 million (US$58.7 million) in the fourth quarter of 2024, compared to RMB367.9 million in the corresponding period of 2023, primarily attributable to an increase in operational costs. Share-based compensation expenses included in cost of revenues in the fourth quarter of 2024 were RMB2.2 million (US$0.3 million), compared to RMB1.4 million in the corresponding period of 2023. Operating Expenses Operating expenses were RMB1,177.0 million (US$161.2 million) in the fourth quarter of 2024, compared to RMB1,242.8 million in the corresponding period of 2023. Sales and marketing expenses were RMB717.8 million (US$98.3 million) in the fourth quarter of 2024, compared to RMB730.1 million in the corresponding period of 2023. Share-based compensation expenses included in sales and marketing expenses in the fourth quarter of 2024 were RMB10.3 million (US$1.4 million), compared to RMB11.7 million in the corresponding period of 2023. General and administrative expenses were RMB131.2 million (US$18.0 million) in the fourth quarter of 2024, compared to RMB156.8 million in the corresponding period of 2023. Share-based compensation expenses included in general and administrative expenses in the fourth quarter of 2024 were RMB13.6 million (US$1.9 million), compared to RMB17.6 million in the corresponding period of 2023. Product development expenses were RMB328.0 million (US$44.9 million) in the fourth quarter of 2024, compared to RMB355.9 million in the corresponding period of 2023. Share-based compensation expenses included in product development expenses in the fourth quarter of 2024 were RMB15.6 million (US$2.1 million), compared to RMB18.7 million in the corresponding period of 2023. Operating Profit Operating profit was RMB232.4 million (US$31.8 million) in the fourth quarter of 2024, compared to RMB366.7 million in the corresponding period of 2023.  Income Tax Expense Income tax expense was RMB31.4 million (US$4.3 million) in the fourth quarter of 2024, compared to an income tax expense of RMB127.6 million in the corresponding period of 2023. The decrease in income tax expense was primarily attributable to a timing difference in withholding tax which was largely accrued in the fourth quarter of 2023, following the declaration of the new cash dividend policy in December 2023. Net Income attributable to Autohome Net income attributable to Autohome was RMB320.5 million (US$43.9 million) in the fourth quarter of 2024, compared to RMB446.7 million in the corresponding period of 2023. Net Income attributable to Ordinary Shareholders and Earnings per Share/ADS Net income attributable to ordinary shareholders was RMB304.4 million (US$41.7 million) in the fourth quarter of 2024, compared to RMB432.1 million in the corresponding period of 2023. Basic and diluted earnings per share ("EPS") were RMB0.63 (US$0.09) and RMB0.62 (US$0.08), respectively, in the fourth quarter of 2024, compared to basic and diluted EPS of RMB0.89 and RMB0.89, respectively, in the corresponding period of 2023. Basic and diluted earnings per ADS were RMB2.51 (US$0.34) and RMB2.50 (US$0.34), respectively, in the fourth quarter of 2024, compared to basic and diluted earnings per ADS of RMB3.57 and RMB3.56, respectively, in the corresponding period of 2023. Adjusted Net Income attributable to Autohome (Non-GAAP) and Non-GAAP EPS/ADS Adjusted net income attributable to Autohome (Non-GAAP) was RMB486.5 million (US$66.7 million) in the fourth quarter of 2024, compared to RMB502.8 million in the corresponding period of 2023. Non-GAAP basic and diluted EPS were RMB1.00 (US$0.14) and RMB1.00 (US$0.14), respectively, in the fourth quarter of 2024, compared to non-GAAP basic and diluted EPS of RMB1.04 and RMB1.04, respectively, in the corresponding period of 2023. Non-GAAP basic and diluted earnings per ADS were RMB4.02 (US$0.55) and RMB3.99 (US$0.55), respectively, in the fourth quarter of 2024, compared to non-GAAP basic and diluted earnings per ADS of RMB4.15 and RMB4.14, respectively, in the corresponding period of 2023. Unaudited Full Year 2024 Financial Results Net Revenues Net revenues in 2024 were RMB7,039.6 million (US$964.4 million), compared to RMB7,184.1 million in 2023. Media services revenues were RMB1,523.1 million (US$208.7 million) in 2024, compared to RMB1,870.8 million in 2023. Leads generation services revenues were RMB3,135.9 million (US$429.6 million) in 2024, compared to RMB3,111.8 million in 2023. Online marketplace and others revenues were RMB2,380.6 million (US$326.1 million) in 2024, compared to RMB2,201.5 million in 2023. Cost of Revenues Cost of revenues was RMB1,483.2 million (US$203.2 million) in 2024, compared to RMB1,411.9 million in 2023, primarily attributable to an increase in operational costs. Share-based compensation expense included in cost of revenues was RMB8.1 million (US$1.1 million) in 2024, compared to RMB8.0 million in 2023. Operating Expenses Operating expenses were RMB4,841.4 million (US$663.3 million) in 2024, compared to RMB4,898.9 million in 2023. Sales and marketing expenses were RMB2,988.2 million (US$409.4 million) in 2024, compared to RMB3,012.5 million in 2023. Share-based compensation expense included in sales and marketing expenses in 2024 was RMB48.4 million (US$6.6 million), compared to RMB49.3 million in 2023. General and administrative expenses were RMB534.8 million (US$73.3 million) in 2024, compared to RMB538.0 million in 2023. Share-based compensation expense included in general and administrative expenses in 2024 was RMB51.1 million (US$7.0 million), compared to RMB51.9 million in 2023. Product development expenses were RMB1,318.4 million (US$180.6 million) in 2024, compared to RMB1,348.5 million in 2023. Share-based compensation expense included in product development expenses in 2024 was RMB84.3 million (US$11.6 million), compared to RMB85.9 million in 2023. Operating Profit Operating profit was RMB1,003.5 million (US$137.5 million) in 2024, compared to RMB1,137.4 million in 2023. Income Tax Expense Income tax expense was RMB63.0 million (US$8.6 million) in 2024, compared to an income tax expense of RMB72.2 million in 2023. Net Income attributable to Autohome Net income attributable to Autohome was RMB1,681.1 million (US$230.3 million) in 2024, compared to RMB1,935.3 million in 2023. Net Income attributable to Ordinary Shareholders and Earnings per Share/ADS Net income attributable to ordinary shareholders was RMB1,619.6 million (US$221.9 million) in 2024, compared to RMB1,880.1 million in 2023. Basic and diluted EPS were RMB3.34 (US$0.46) and RMB3.33 (US$0.46), respectively, in 2024 as compared to basic and diluted EPS of RMB3.84 and RMB3.83, respectively, in 2023. Basic and diluted earnings per ADS were RMB13.36 (US$1.83) and RMB13.31 (US$1.82), respectively, in 2024 as compared to basic and diluted earnings per ADS of RMB15.35 and RMB15.31, respectively, in 2023. Adjusted Net Income attributable to Autohome (Non-GAAP) and Non-GAAP Earnings per Share/ADS Adjusted net income attributable to Autohome (Non-GAAP) was RMB2,050.0 million (US$280.9 million) in 2024, compared to RMB2,159.6 million in 2023. Non-GAAP basic and diluted EPS were RMB4.23 (US$0.58) and RMB4.21 (US$0.58), respectively, in 2024 as compared to non-GAAP basic and diluted EPS of RMB4.41 and RMB4.40, respectively, in 2023. Non-GAAP basic and diluted earnings per ADS were RMB16.91 (US$2.32) and RMB16.85 (US$2.31), respectively, in 2024 as compared to non-GAAP basic and diluted earnings per ADS of RMB17.63 and RMB17.58, respectively, in 2023. Balance Sheet and Cash Flow As of December 31, 2024, the Company had cash and cash equivalents and short-term investments of RMB23.32 billion (US$3.19 billion). Net cash provided by operating activities in the year of 2024 was RMB1,373.1 million (US$188.1 million). Employees The Company had 4,415 employees as of December 31, 2024, including 1,332 employees from TTP Car, Inc. Conference Call Information The Company will host an earnings conference call at 7:00 a.m. U.S. Eastern Time on Thursday, February 20, 2025 (8:00 p.m. 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/BI255a7f8360974da5ae7ffaf90252fa85 Please use the conference access information to join the call 10 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. 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, loss/(gain) pickup of equity method investments, and non-recurring employee severance costs, 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: Autohome Inc.Sterling SongInvestor Relations Director  Tel: +86-10-5985-7483E-mail: [email protected]  Christensen China LimitedSuri ChengTel: +86-185-0060-8364E-mail:  [email protected] AUTOHOME INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DATA (Amount in thousands, except per share / per ADS data)   For three months ended December 31,  For year ended December 31, 2023 2024 2023 2024     RMB     RMB US$   RMB   RMB US$ Net revenues:  Media services 500,477 436,819 59,844 1,870,819 1,523,075 208,660 Leads generation services  841,486 758,443 103,906 3,111,805 3,135,885 429,614 Online marketplace and others 569,478 588,174 80,580 2,201,511 2,380,627 326,145 Total net revenues  1,911,441 1,783,436 244,330 7,184,135 7,039,587 964,419 Cost of revenues (367,888) (428,559) (58,712) (1,411,881) (1,483,220) (203,200) Gross profit  1,543,553 1,354,877 185,618 5,772,254 5,556,367 761,219 Operating expenses:  Sales and marketing expenses  (730,094) (717,812) (98,340) (3,012,479) (2,988,169) (409,377) General and administrative   expenses  (156,797) (131,168) (17,970) (537,979) (534,809) (73,269) Product development expenses  (355,924) (327,987) (44,934) (1,348,472) (1,318,443) (180,626) Total operating expenses (1,242,815) (1,176,967) (161,244) (4,898,930) (4,841,421) (663,272) Other operating income, net 65,976 54,498 7,466 264,101 288,551 39,531 Operating profit 366,714 232,408 31,840 1,137,425 1,003,497 137,478 Interest and investment income, net 195,813 189,062 25,901 831,006 791,905 108,491 Share of results of equity   method investments 7,361 (77,389) (10,602) 29,133 (109,094) (14,946) Income before income taxes  569,888 344,081 47,139 1,997,564 1,686,308 231,023 Income tax expense (127,566) (31,375) (4,298) (72,155) (62,959) (8,625) Net income  442,322 312,706 42,841 1,925,409 1,623,349 222,398 Net loss attributable to    noncontrolling interests 4,414 7,817 1,071 9,901 57,774 7,915 Net income attributable to   Autohome 446,736 320,523 43,912 1,935,310 1,681,123 230,313 Accretion of mezzanine equity (39,805) (44,006) (6,029) (153,294) (172,596) (23,646) Accretion attributable to   noncontrolling interests 25,184 27,895 3,822 98,071 111,035 15,212 Net income attributable to   ordinary shareholders 432,115 304,412 41,705 1,880,087 1,619,562 221,879 Earnings per share    attributable to ordinary   shareholders  Basic  0.89 0.63 0.09 3.84 3.34 0.46 Diluted  0.89 0.62 0.08 3.83 3.33 0.46 Earnings per ADS attributable   to ordinary shareholders    (one ADS equals for four    ordinary shares) Basic  3.57 2.51 0.34 15.35 13.36 1.83 Diluted  3.56 2.50 0.34 15.31 13.31 1.82 Weighted average shares used to compute   earnings per share attributable to ordinary   shareholders:  Basic  484,419,222 484,428,433 484,428,433 489,952,172 484,945,912 484,945,912  Diluted 485,701,134 487,443,601 487,443,601 491,252,460 486,552,724 486,552,724 AUTOHOME INC. UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS (Amount in thousands, except per share / per ADS data) For three months ended December 31, For year ended December 31, 2023 2024 2023 2024 RMB  RMB     US$ RMB  RMB US$ Net income attributable to Autohome 446,736 320,523 43,912 1,935,310 1,681,123 230,313 Plus: income tax expense 128,906 32,716 4,482 77,515 68,321 9,360 Plus: depreciation of property and    equipment 36,886 27,019 3,702 165,820 120,830 16,554 Plus: amortization of intangible assets 9,654 9,645 1,321 40,949 38,595 5,287 EBITDA 622,182 389,903 53,417 2,219,594 1,908,869 261,514 Plus: share-based compensationexpenses 49,345 41,743 5,719 195,092 192,024 26,307 Adjusted EBITDA 671,527 431,646 59,136 2,414,686 2,100,893 287,821 Net income attributable to Autohome 446,736 320,523 43,912 1,935,310 1,681,123 230,313 Plus: amortization of intangible assets   resulting from business acquisition 9,583 9,583 1,313 40,610 38,332 5,251 Plus: share-based compensation   expenses 49,345 41,743 5,719 195,092 192,024 26,307 Plus: investment loss arising from one of    financial products[3] 5,813 - - 23,252 620 85 Plus: (Gain)/loss on equity method    investments, net (7,361) 77,389 10,602 (29,133) 109,094 14,946 Plus: Non-recurring employee severance   costs[4] - 60,847 8,336 - 60,847 8,336 Plus: tax effects of the adjustments (1,329) (23,565) (3,228) (5,581) (31,992) (4,383) Adjusted net income attributable to   Autohome 502,787 486,520 66,654 2,159,550 2,050,048 280,855 Net income attributable to Autohome 446,736 320,523 43,912 1,935,310 1,681,123 230,313 Net margin 23.4 % 18.0 % 18.0 % 26.9 % 23.9 % 23.9 % Adjusted net income attributable to   Autohome 502,787 486,520 66,654 2,159,550 2,050,048 280,855 Adjusted net margin 26.3 % 27.3 % 27.3 % 30.1 % 29.1 % 29.1 % Non-GAAP earnings per share Basic 1.04 1.00 0.14 4.41 4.23 0.58 Diluted 1.04 1.00 0.14 4.40 4.21 0.58 Non-GAAP earnings per ADS (oneADS equals for four ordinary shares) Basic 4.15 4.02 0.55 17.63 16.91 2.32 Diluted 4.14 3.99 0.55 17.58 16.85 2.31 Weighted average shares used to    compute non-GAAP earnings per    share: Basic 484,419,222 484,428,433 484,428,433 489,952,172 484,945,912 484,945,912 Diluted 485,701,134 487,443,601 487,443,601 491,252,460 486,552,724 486,552,724 AUTOHOME INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET (Amount in thousands, except as noted) As of December 31, As of December 31, 2023 2024 RMB RMB US$ ASSETS Current assets Cash and cash equivalents 4,996,353 1,693,597 232,022 Restricted cash 126,794 88,515 12,127 Short-term investments 18,552,354 21,621,992 2,962,201 Accounts receivable, net 1,472,489 1,358,849 186,162 Amounts due from related parties, current 16,439 63,957 8,762 Prepaid expenses and other current assets 360,559 336,941 46,161 Total current assets 25,524,988 25,163,851 3,447,435 Non-current assets Restricted cash, non-current 5,000 5,000 685 Property and equipment, net 200,860 204,049 27,955 Goodwill and intangible assets, net 4,143,968 4,069,637 557,538 Long-term investments 448,341 339,247 46,477 Deferred tax assets 295,598 308,246 42,230 Amounts due from related parties, non-current 16,048 3,521 482 Other non-current assets 200,928 128,074 17,546 Total non-current assets 5,310,743 5,057,774 692,913 Total assets 30,835,731 30,221,625 4,140,348 LIABILITIES AND EQUITY Current liabilities Accrued expenses and other payables 2,932,227 2,931,869 401,667 Advance from customers 105,379 106,276 14,560 Deferred revenue 801,581 276,894 37,934 Income tax payable 227,260 185,976 25,479 Amounts due to related parties 24,572 38,250 5,240 Dividends payable 984,332 990,529 135,702 Total current liabilities 5,075,351 4,529,794 620,582 Non-current liabilities Other liabilities 89,187 23,103 3,165 Deferred tax liabilities 497,955 468,078 64,126 Total non-current liabilities 587,142 491,181 67,291 Total liabilities 5,662,493 5,020,975 687,873 MEZZANINE EQUITY Convertible redeemable noncontrolling interests 1,758,933 1,931,529 264,618 EQUITY Total Autohome shareholders' equity 23,928,187 23,951,737 3,281,375 Noncontrolling interests (513,882) (682,616) (93,518) Total equity 23,414,305 23,269,121 3,187,857 Total liabilities, mezzanine equity and equity 30,835,731 30,221,625 4,140,348 [1] The reporting currency of the Company is Renminbi ("RMB"). For readers' convenience, 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$1.00 to RMB7.2993 on December 31, 2024 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ 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 represents 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. [4] It represents the non-recurring employee severance costs associated with the optimization to the Company's organizational structure in the fourth quarter of 2024. SOURCE Autohome Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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