Autohome Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 05:30 am EDT
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Autohome Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CNY 541.39 million compared to CNY 449.62 million a year ago. Revenue was CNY 1,833.03 million compared to CNY 1,732.99 million a year ago. Net income was CNY 504.73 million compared to CNY 435.02 million a year ago. Basic earnings per share from continuing operations was CNY 4 compared to CNY 3.4 a year ago. Diluted earnings per share from continuing operations was CNY 4 compared to CNY 3.36 a year ago.
For the six months, sales was CNY 1,032.92 million compared to CNY 945.91 million a year ago. Revenue was CNY 3,366.66 million compared to CNY 3,204.29 million a year ago. Net income was CNY 910.24 million compared to CNY 753.26 million a year ago. Basic earnings per share from continuing operations was CNY 7.16 compared to CNY 5.8 a year ago. Diluted earnings per share from continuing operations was CNY 7.16 compared to CNY 5.8 a year ago.
Autohome Inc is a holding company mainly provides online destination for automobile consumers. It is engaged in the provision of online advertising and dealer subscription services. It, through its Websites, autohome.com.cn and che168.com, delivers content to automobile buyers and owners. Media services provide with marketing solutions in connection with brand promotion, new model release and sales promotion. Leads generation services enable dealer subscribers to create their own online stores, list pricing and promotional information, provide dealer contact information, place advertisements and manage customer relationships. Online marketplace and others focus on providing facilitation services and other platform-based services for new and used car transactions. It also provides services to its cooperative financial institutions that involve facilitating the sale of their loans and insurance products. The Company mainly conducts its businesses in the China market.
AUTOHOME INC. 
