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Autohome Inc. Announces Unaudited First Quarter 2022 Financial Results

BEIJING, May 24, 2022 /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 first quarter ended March 31, 2022.First Quarter 2022 Highlights[1]

Net Revenues in the first quarter of 2022 were RMB1,471.3 million (US$232.1 million), compared to RMB1,841.6 million in the corresponding period of 2021.



Net Income attributable to Autohome Inc. in the first quarter of 2022 was RMB318.2 million (US$50.2 million), compared to RMB704.3 million in the corresponding period of 2021 and net income attributable to ordinary shareholders in the first quarter of 2022 was RMB307.5 million (US$48.5 million), compared to RMB633.8 million in the corresponding period of 2021.



Adjusted Net Income attributable to Autohome Inc. (Non-GAAP)[2]in the first quarter of 2022 was RMB437.5 million (US$69.0 million), compared to RMB735.1 million in the corresponding period of 2021.



Share Repurchase: As of May 20, 2022, the Company has repurchased 1,574,674 American depositary shares ("ADSs") for a total cost of approximately US$43.9 million.



New CFO Appointment: On May 6, 2022, the Board of Directors appointed Mr. Craig Yan Zeng as Chief Financial Officer of Autohome, effective on the same day.



[1] The reporting currency of the Company is Renminbi ("RMB"). For the convenience of readers, certain amounts throughout the release Unless otherwise noted, all conversions from RMB to US$ are translated at the noon buying rate of transfers of RMB as certified for customs purposes by the converted into [2] For more information on this and other non-GAAP financial measures, please see the section captioned "Use of Non-GAAP Financial "Reconciliations of Non-GAAP and GAAP Results" set forth at the end of this release.
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