Autohome Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 10:30 am
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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 an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People's Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners. These services are offered to automakers and dealers, and advertising agencies that represent automakers and dealers in the automobile industry. The Company's autohome.com.cn targets automobile consumers with a focus on new automobiles. The Company's professionally produced content is created by editorial team and includes automobile-related articles and reviews, pricing trends in various local markets, and photos and video clips. Its database also includes new and used automobile listings and promotional information. Its dealer subscription services allow dealers to market their inventory and services through its Websites.