Autohome Inc. Announces Unaudited Second Quarter and Interim 2025 Financial Results

, /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, 2025. Second Quarter 2025 Highlights[1] Net revenues in the second quarter of 2025 were RMB1,758.1 million (US$245.4 million), compared to RMB1,872.6 million in the corresponding period of 2024. Net income attributable to Autohome in the second quarter of 2025 was RMB415.7 million (US$58.0 million), compared to RMB524.8 million in the corresponding period of 2024, while net income attributable to ordinary shareholders in the second quarter of 2025 was RMB398.9 million (US$55.7 million), compared to RMB509.7 million in the corresponding period of 2024. Adjusted net income attributable to Autohome (Non-GAAP)[2] in the second quarter of 2025 was RMB475.7 million (US$66.4 million), compared to RMB572.4 million in the corresponding period of 2024. Share repurchase: As of July 25, 2025, the Company had repurchased 5,349,886 American depositary shares ("ADSs") for a total cost of approximately US$142.4 million. Mr. Song Yang, Chief Executive Officer of Autohome, stated, "We continued to make steady progress in advancing our O2O strategy by optimizing synergies between online and offline resources. At the same time, we accelerated AI-driven product innovation to empower user decision-making and improve cost efficiency for our customers. Powered by DeepSeek and our auto-related proprietary big data capabilities, our AI smart assistant delivers industry-leading performance in answering questions across both new and used vehicles scenarios. Meanwhile, our new retail business continued to expand its footprint, with the number of franchised stores surpassing 200 by the end of June, significantly expanding our reach to a broader consumer base." "Looking ahead, we will continue to expand the applications of AI across our products and services, and deepen the deployment of our O2O automotive ecosystem. By capitalizing on key industry trends - electrification, intelligence and globalization, we will further drive the transformation of the automotive consumer experience and deliver greater value to both our users and customers." Mr. Craig Yan Zeng, Chief Financial Officer of Autohome, added, "Through the upgrade of our content matrix and innovative initiatives, we have further strengthened Autohome's content ecosystem advantages and achieved steady user growth. According to QuestMobile, our average number of mobile daily active users grew by 11.5% year-over-year, reaching 75.74 million in June. Notably, online marketplace and others revenues increased by 20.5% year-over-year in the second quarter, driven primarily by the robust performance of our new retail business, which also contributed to the rapid rise in our new energy vehicle revenues. Moving forward in 2025, we will remain committed to capturing emerging growth opportunities while maintaining disciplined cost controls to deliver sustainable value to our shareholders." Unaudited Second Quarter 2025 Financial Results Net Revenues Net revenues in the second quarter of 2025 were RMB1,758.1 million (US$245.4 million), compared to RMB1,872.6 million in the corresponding period of 2024. Media services revenues were RMB279.4 million (US$39.0 million) in the second quarter of 2025, compared to RMB432.9 million in the corresponding period of 2024, primarily due to reduced advertising spending by internal combustion engine automakers. Leads generation services revenues were RMB732.6 million (US$102.3 million) in the second quarter of 2025, compared to RMB820.3 million in the corresponding period of 2024. Online marketplace and others revenues were RMB746.1 million (US$104.2 million) in the second quarter of 2025, compared to RMB619.4 million in the corresponding period of 2024. Cost of Revenues Cost of revenues was RMB503.4 million (US$70.3 million) in the second quarter of 2025, compared to RMB346.1 million in the corresponding period of 2024, primarily due to higher transaction costs associated with the Company's innovative business in lower-tier cities. Share-based compensation expense included in cost of revenues in the second quarter of 2025 was RMB3.4 million (US$0.5 million), compared to RMB1.9 million in the corresponding period of 2024. Operating Expenses Operating expenses were RMB1,015.7 million (US$141.8 million) in the second quarter of 2025, compared to RMB1,185.3 million in the corresponding period of 2024. Sales and marketing expenses were RMB630.0 million (US$87.9 million) in the second quarter of 2025, compared to RMB752.5 million in the corresponding period of 2024, primarily due to a decrease in marketing and promotional expenses. Share-based compensation expenses included in sales and marketing expenses in the second quarter of 2025 were RMB13.3 million (US$1.9 million), compared to RMB10.1 million in the corresponding period of 2024. General and administrative expenses were RMB132.7 million (US$18.5 million) in the second quarter of 2025, compared to RMB117.6 million in the corresponding period of 2024. Share-based compensation expenses included in general and administrative expenses in the second quarter of 2025 were RMB15.8 million (US$2.2 million), compared to RMB10.4 million in the corresponding period of 2024. Product development expenses were RMB253.0 million (US$35.3 million) in the second quarter of 2025, compared to RMB315.2 million in the corresponding period of 2024, primarily due to a decrease in personnel-related expenses. Share-based compensation expenses included in product development expenses in the second quarter of 2025 were RMB19.9 million (US$2.8 million), compared to RMB18.8 million in the corresponding period of 2024. Operating Profit Operating profit was RMB296.6 million (US$41.4 million) in the second quarter of 2025, compared to RMB412.4 million in the corresponding period of 2024. Income Tax Expense Income tax expense was RMB60.6 million (US$8.5 million) in the second quarter of 2025, compared to RMB102.2 million in the corresponding period of 2024. Net Income Attributable to Autohome Net income attributable to Autohome was RMB415.7 million (US$58.0 million) in the second quarter of 2025, compared to RMB524.8 million in the corresponding period of 2024. Net Income Attributable to Ordinary Shareholders and Earnings per Share/ADS Net income attributable to ordinary shareholders was RMB398.9 million (US$55.7 million) in the second quarter of 2025, compared to RMB509.7 million in the corresponding period of 2024. Basic and diluted earnings per share ("EPS") were RMB0.85 (US$0.12) and RMB0.85 (US$0.12), respectively, in the second quarter of 2025, compared to basic and diluted EPS of RMB1.05 and RMB1.05, respectively, in the corresponding period of 2024. Basic and diluted earnings per ADS were RMB3.40 (US$0.47) and RMB3.38 (US$0.47), respectively, in the second quarter of 2025, compared to basic and diluted earnings per ADS of RMB4.20 and RMB4.19, respectively, in the corresponding period of 2024. Adjusted Net Income Attributable to Autohome (Non-GAAP) and Non-GAAP EPS/ADS Adjusted net income attributable to Autohome (Non-GAAP) was RMB475.7 million (US$66.4 million) in the second quarter of 2025, compared to RMB572.4 million in the corresponding period of 2024. Non-GAAP basic and diluted EPS were RMB1.01 (US$0.14) and RMB1.01 (US$0.14), respectively, in the second quarter of 2025, compared to non-GAAP basic and diluted EPS of RMB1.18 and RMB1.18, respectively, in the corresponding period of 2024. Non-GAAP basic and diluted earnings per ADS were RMB4.06 (US$0.57) and RMB4.04 (US$0.56), respectively, in the second quarter of 2025, compared to non-GAAP basic and diluted earnings per ADS of RMB4.72 and RMB4.71, respectively, in the corresponding period of 2024. Balance Sheet and Cash Flow As of June 30, 2025, the Company had cash and cash equivalents and short-term investments of RMB22.05 billion (US$3.08 billion). Net cash provided by operating activities in the second quarter of 2025 was RMB495.0 million (US$69.1 million). Employees The Company had 4,360 employees as of June 30, 2025, including 1,311 employees from TTP Car, Inc. Conference Call Information The Company will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on Thursday, July 31, 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-conf.media-server.com/register/BI8cf7e0ee3ea6428a9b2a6318555713d0 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 relating to non-operating impact of a write-down of the initial investment in a financial product, and loss/(gain) 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 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 DirectorTel: +86-10-5985-7483E-mail: [email protected] Christensen China Limited Suri ChengTel: +86-185-0060-8364E-mail: [email protected] AUTOHOME INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DATA (Amount in thousands, except share and per share / per ADS data) For three months ended June 30, For six months ended June 30, 2024 2025 2024 2025 RMB RMB US$ RMB RMB US$ Net revenues: Media services 432,858 279,399 39,003 760,289 521,578 72,809 Leads generation services 820,271 732,581 102,264 1,546,694 1,377,724 192,323 Online marketplace and others 619,425 746,140 104,157 1,174,636 1,312,636 183,237 Total net revenues 1,872,554 1,758,120 245,424 3,481,619 3,211,938 448,369 Cost of revenues (346,102) (503,424) (70,275) (646,994) (818,944) (114,320) Gross profit 1,526,452 1,254,696 175,149 2,834,625 2,392,994 334,049 Operating expenses: Sales and marketing expenses (752,543) (629,982) (87,942) (1,393,819) (1,173,621) (163,831) General and administrative expenses (117,564) (132,665) (18,519) (267,109) (263,688) (36,810) Product development expenses (315,230) (253,017) (35,320) (651,297) (527,158) (73,588) Total operating expenses (1,185,337) (1,015,664) (141,781) (2,312,225) (1,964,467) (274,229) Other operating income, net 71,279 57,611 8,042 166,072 101,471 14,165 Operating profit 412,394 296,643 41,410 688,472 529,998 73,985 Interest and investment income, net 189,053 165,123 23,050 409,027 342,194 47,768 Share of results of equity method investments 4,640 (322) (45) (44,493) (11,958) (1,669) Income before income taxes 606,087 461,444 64,415 1,053,006 860,234 120,084 Income tax expense (102,165) (60,596) (8,459) (170,566) (116,925) (16,322) Net income 503,922 400,848 55,956 882,440 743,309 103,762 Net loss attributable to noncontrolling interests 20,839 14,810 2,067 36,820 28,984 4,046 Net income attributable to Autohome 524,761 415,658 58,023 919,260 772,293 107,808 Accretion of mezzanine equity (42,687) (47,355) (6,611) (84,358) (93,009) (12,984) Accretion attributable to noncontrolling interests 27,599 30,563 4,266 54,547 60,032 8,380 Net income attributable to ordinary shareholders 509,673 398,866 55,678 889,449 739,316 103,204 Earnings per share attributable to ordinary shareholders Basic 1.05 0.85 0.12 1.84 1.57 0.22 Diluted 1.05 0.85 0.12 1.83 1.56 0.22 Earnings per ADS attributable to ordinary shareholders (one ADS equals for four ordinary shares) Basic 4.20 3.40 0.47 7.34 6.26 0.87 Diluted 4.19 3.38 0.47 7.32 6.23 0.87 Weighted average shares used to compute earnings per share attributable to ordinary shareholders: Basic 484,860,625 469,269,006 469,269,006 484,569,763 472,358,950 472,358,950 Diluted 486,591,693 471,358,186 471,358,186 486,029,303 474,595,274 474,595,274 AUTOHOME INC.UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS(Amount in thousands, except share and per share / per ADS data) For three months ended June 30, For six months ended June 30, 2024 2025 2024 2025 RMB RMB US$ RMB RMB US$ Net income attributable to Autohome 524,761 415,658 58,023 919,260 772,293 107,808 Plus: income tax expense 103,505 61,936 8,646 173,247 119,605 16,696 Plus: depreciation of property and equipment 31,750 25,846 3,608 65,284 53,216 7,429 Plus: amortization of intangible assets 9,650 9,595 1,339 19,300 19,216 2,682 EBITDA 669,666 513,035 71,616 1,177,091 964,330 134,615 Plus: share-based compensation expenses 41,188 52,311 7,302 89,495 97,801 13,652 Adjusted EBITDA 710,854 565,346 78,918 1,266,586 1,062,131 148,267 Net income attributable to Autohome 524,761 415,658 58,023 919,260 772,293 107,808 Plus: amortization of intangible assets resulting from business acquisition 9,583 9,583 1,338 19,166 19,166 2,675 Plus: share-based compensation expenses 41,188 52,311 7,302 89,495 97,801 13,652 Plus: investment loss arising from one of financial products[3] 2,906 - - 2,906 - - Plus: (gain)/loss on equity method investments, net (4,640) 322 45 44,493 11,958 1,669 Plus: tax effects of the adjustments (1,360) (2,147) (300) (8,954) (4,721) (659) Adjusted net income attributable to Autohome 572,438 475,727 66,408 1,066,366 896,497 125,145 Net income attributable to Autohome 524,761 415,658 58,023 919,260 772,293 107,808 Net margin 28.0 % 23.6 % 23.6 % 26.4 % 24.0 % 24.0 % Adjusted net income attributable to Autohome 572,438 475,727 66,408 1,066,366 896,497 125,145 Adjusted net margin 30.6 % 27.1 % 27.1 % 30.6 % 27.9 % 27.9 % Non-GAAP earnings per share Basic 1.18 1.01 0.14 2.20 1.90 0.27 Diluted 1.18 1.01 0.14 2.19 1.89 0.26 Non-GAAP earnings per ADS (one ADS equals for four ordinary shares) Basic 4.72 4.06 0.57 8.80 7.59 1.06 Diluted 4.71 4.04 0.56 8.78 7.56 1.05 Weighted average shares used to compute non-GAAP earnings per share: Basic 484,860,625 469,269,006 469,269,006 484,569,763 472,358,950 472,358,950 Diluted 486,591,693 471,358,186 471,358,186 486,029,303 474,595,274 474,595,274 AUTOHOME INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET (Amount in thousands, except as noted) As of December 31, As of June 30, 2024 2025 RMB RMB US$ ASSETS Current assets Cash and cash equivalents 1,693,597 2,878,872 401,875 Restricted cash 88,515 93,891 13,107 Short-term investments 21,621,992 19,174,574 2,676,667 Accounts receivable, net 1,358,849 1,483,888 207,143 Amounts due from related parties, current 63,957 60,913 8,503 Prepaid expenses and other current assets 336,941 258,786 36,125 Total current assets 25,163,851 23,950,924 3,343,420 Non-current assets Restricted cash, non-current 5,000 5,000 698 Property and equipment, net 204,049 179,129 25,005 Goodwill and intangible assets, net 4,069,637 4,032,550 562,922 Long-term investments 339,247 327,289 45,688 Deferred tax assets 308,246 308,246 43,029 Amounts due from related parties, non-current 3,521 5,825 813 Other non-current assets 128,074 124,698 17,407 Total non-current assets 5,057,774 4,982,737 695,562 Total assets 30,221,625 28,933,661 4,038,982 LIABILITIES AND EQUITY Current liabilities Accrued expenses and other payables 2,931,869 1,954,966 272,903 Advance from customers 106,276 112,312 15,678 Deferred revenue 276,894 822,995 114,886 Income tax payable 185,976 133,458 18,630 Amounts due to related parties 38,250 56,831 7,933 Dividends payable 990,529 - - Total current liabilities 4,529,794 3,080,562 430,030 Non-current liabilities Other liabilities 23,103 33,516 4,679 Deferred tax liabilities 468,078 462,136 64,512 Total non-current liabilities 491,181 495,652 69,191 Total liabilities 5,020,975 3,576,214 499,221 MEZZANINE EQUITY Convertible redeemable noncontrolling interests 1,931,529 2,024,538 282,612 EQUITY Total Autohome shareholders' equity 23,951,737 24,104,561 3,364,867 Noncontrolling interests (682,616) (771,652) (107,718) Total equity 23,269,121 23,332,909 3,257,149 Total liabilities, mezzanine equity and equity 30,221,625 28,933,661 4,038,982 UNAUDITED RECONCILIATION BETWEEN U.S. GAAP AND IFRS Accounting Standards The unaudited condensed consolidated statements of income for the six month ended June 30, 2025 and the unaudited condensed consolidated balance sheets as of June 30, 2025 (collectively, the "Unaudited Interim Financial Statements") of Autohome Inc., its subsidiaries, the variable interest entities, and the subsidiaries of the variable interest entities (collectively, the "Company") are prepared in accordance with the accounting principles generally accepted in the United States of America (the "U.S. GAAP"), and the differences between U.S. GAAP and IFRS Accounting Standards issued by the International Accounting Standards Board (together, the "Reconciliation Statement") have been disclosed in the Appendix — Unaudited Reconciliation Between U.S. GAAP and IFRS Accounting Standards attached herein. PricewaterhouseCoopers, the auditor of the Company in Hong Kong, has performed a limited assurance engagement on the Reconciliation Statement in accordance with International Standards on Assurance Engagements 3000 (Revised) "Assurance Engagements Other Than Audits or Reviews of Historical Financial Information" issued by the International Auditing and Assurance Standards Board. Appendix The Unaudited Interim Financial Statements of the Company are prepared in accordance with U.S. GAAP, which differ in certain respects from IFRS Accounting Standards. The effects of material differences between the Unaudited Interim Financial Statements prepared under U.S. GAAP and IFRS Accounting Standards are as follows: Reconciliation of unaudited condensed consolidated statements of income: For six months ended June 30, 2024 2025 RMB RMB Reconciliation of net income in the consolidated statements of income (in thousands) Net income as reported under U.S. GAAP 882,440 743,309 IFRS Accounting Standards adjustments: Preferred shares (Note a) 126,264 64,042 Leases (Note b) (285) 1,253 Share-based compensations (Note c) (16,419) (8,625) Net income as reported under IFRS Accounting Standards 992,000 799,979 Reconciliation of unaudited condensed consolidated balance sheets: As of December 31, As of June 30, 2024 2025 RMB RMB Reconciliation of total equity in the consolidated balance sheets (in thousands) Total equity as reported under U.S. GAAP 23,269,121 23,332,909 IFRS Accounting Standards adjustments: Preferred shares (Note a) 1,693,068 1,858,262 Leases (Note b) (8,019) (6,766) Total equity as reported under IFRS Accounting Standards 24,954,170 25,184,405 Notes: Basis of Preparation The Directors of the Company are responsible for preparation of the Reconciliation Statement in accordance with the relevant requirements of the Hong Kong Listing Rules. The Reconciliation Statement was prepared based on the Company's unaudited interim condensed consolidated financial information for the six months ended June 30, 2025 prepared under U.S. GAAP, with adjustments made (if any) thereto in arriving at the unaudited financial information of the Company prepared under IFRS Accounting Standards. The adjustments reflect the differences between the Company's accounting policies under U.S. GAAP and IFRS Accounting Standards. (a) Preferred Shares Under U.S. GAAP, the preferred shares of the Company are accounted for as mezzanine equity, which is subsequently accreted to the amount which equals to redemption value of each series of preferred shares. Under IFRS Accounting Standards, the preferred shares, which are redeemable at the option of the holder, represent a financial liability. And the financial liability is measured at fair value and changes in the fair value are reflected in the consolidated statements of comprehensive income. The amount of change in the fair value of the financial liability that is attributable to changes in the credit risk of the liability shall be recognized in other comprehensive income/(loss); the remaining amount of change in the fair value of the liability shall be recognized in profit or loss. Accordingly, the reconciliation includes a fair value profit change of RMB126.26 million and RMB64.04 million recognized in the consolidated statements of comprehensive income for each of the six months ended June 30, 2024 and 2025, respectively. The reconciliation also includes the difference between mezzanine equity under U.S. GAAP and financial liabilities under IFRS Accounting Standards of RMB1,693.07 million and RMB1,858.26 million as at December 31, 2024 and June 30, 2025, respectively. (b) Leases For operating leases under U.S. GAAP, the subsequent measurement of the lease liability is based on the present value of the remaining lease payments using the discount rate determined at lease commencement, while the right-of-use asset is remeasured at the amount of the lease liability, adjusted for the remaining balance of any lease incentives received, cumulative prepaid or accrued rents, unamortized initial direct costs and any impairment. This treatment under U.S. GAAP results in straight line expense being incurred over the lease term, as opposed to IFRS Accounting Standards which generally yields a "front-loaded" expense with more expense recognized in earlier years of the lease. Accordingly, the reconciliation includes an expenses difference recognized in the consolidated statements of comprehensive income of RMB0.29 million (negative) and RMB1.25 million for each of the six months ended June 30, 2024 and 2025, respectively. The reconciliation also includes a difference in total equity of RMB8.02 million (negative) and RMB6.77 million (negative) as at December 31, 2024 and June 30, 2025, respectively. (c) Share-based Compensation Under U.S. GAAP, the Company has elected to recognize compensation expense using the straight-line method for all share-based awards granted with service conditions that have a graded vesting schedule. For awards with performance condition and multiple service dates, if the performance conditions are all set at inception and independent for each year, each tranche is accounted for as a separate award with its own requisite service period. Compensation cost is recognized over the respective requisite service period separately for each separately-vesting tranche as though each tranche of the award is, in substance, a separate award. Under IFRS Accounting Standards, the accelerated method is required to recognize compensation expense for all employee equity awards granted with graded vesting. Accordingly, the reconciliation includes an expense recognition difference in the consolidated statements of comprehensive income of RMB16.42 million (negative) and RMB8.63 million (negative) for each of the six months ended June 30, 2024 and 2025, respectively. [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$1.00 to RMB7.1636 on June 30, 2025 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ 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 represented 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. SOURCE Autohome Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Autohome Inc. Announces Unaudited Second Quarter and Interim 2025 Financial Results

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