Autohome Inc. Announces Unaudited Second Quarter and Interim 2026 Financial Results
Rhea-AI Summary
Autohome (NYSE: ATHM) reported unaudited results for the second quarter and six months ended June 30, 2026. Q2 net revenues were RMB1,198.0 million (US$176.6 million), down from RMB1,758.1 million a year earlier. Media services revenues were broadly flat at RMB280.4 million, while leads generation services revenues declined to RMB560.4 million and online marketplace and others revenues fell to RMB357.3 million, mainly due to reduced vehicle sales-related revenue.
Q2 operating profit was RMB130.0 million, versus RMB296.6 million in 2025. Net income attributable to Autohome was RMB247.8 million (US$36.5 million), and adjusted non-GAAP net income was RMB277.3 million (US$40.9 million), both down year over year. Basic and diluted EPS were RMB0.55, with non-GAAP basic and diluted EPS of RMB0.62 and RMB0.61, respectively.
Autohome completed a US$200 million share repurchase program by July 30, 2026, buying 10,627,269 ADSs, and launched a new US$400 million buyback plan, of which 1,895,093 ADSs (US$43.6 million) had been repurchased by August 14, 2026. The company reported cash, cash equivalents and investments of RMB19.36 billion (US$2.85 billion) and Q2 operating cash flow of RMB261.2 million.
Positive
- US$200 million ADS buyback completed, 10,627,269 ADSs repurchased by July 30, 2026
- New US$400 million share repurchase program authorized, with US$43.6 million executed by August 14, 2026
- Large liquidity position with RMB19.36 billion in cash, cash equivalents and investments as of June 30, 2026
- Q2 cost of revenues reduced to RMB274.0 million from RMB503.4 million year over year
- Total Q2 operating expenses decreased to RMB870.8 million from RMB1,015.7 million in 2025
- Q2 net cash provided by operating activities of RMB261.2 million (US$38.5 million)
Negative
- Q2 2026 net revenues declined to RMB1,198.0 million from RMB1,758.1 million in 2025
- Q2 operating profit decreased to RMB130.0 million from RMB296.6 million year over year
- Q2 net income attributable to Autohome fell to RMB247.8 million from RMB415.7 million
- Q2 adjusted non-GAAP net income declined to RMB277.3 million from RMB475.7 million
- Leads generation services revenues dropped to RMB560.4 million, mainly due to reduced dealer spending and fewer paying dealers
- Online marketplace and others revenues fell to RMB357.3 million from RMB746.1 million, driven by lower vehicle sales business revenue
News Explained
For the six months ended
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 28 | 1Q26 earnings | Negative | +5.6% | Revenue and profit declined, but the stock posted a positive 24-hour reaction. |
| Nov 06 | 3Q25 earnings | Negative | +1.5% | Adjusted earnings declined while revenue stayed roughly flat and operating profit improved. |
| Jul 31 | 2Q25 earnings | Negative | +0.3% | Revenue and net income fell despite online marketplace revenue growth. |
| May 08 | 1Q25 earnings | Negative | -0.8% | Revenue and net income declined alongside continued user and retail-network expansion. |
| Feb 20 | 4Q24 earnings | Negative | +0.2% | Quarterly revenue and net income decreased despite marketplace and user growth. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Autohome's earnings announcements showed a predominantly divergent pattern, with positive historical reactions despite generally declining or mixed reported results.
Key Terms
non-gaap financial
eps financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Second Quarter 2026 Highlights[1]
- Net revenues in the second quarter of 2026 were
RMB1,198.0 million (US ), compared to$176.6 million RMB1,758.1 million in the corresponding period of 2025. - Net income attributable to Autohome in the second quarter of 2026 was
RMB247 .8 million (US ), compared to$36.5 million RMB415.7 million in the corresponding period of 2025, while net income attributable to ordinary shareholders in the second quarter of 2026 wasRMB247.8 million (US ), compared to$36.5 million RMB398.9 million in the corresponding period of 2025. - Adjusted net income attributable to Autohome (Non-GAAP)[2] in the second quarter of 2026 was
RMB277.3 million (US ), compared to$40.9 million RMB475.7 million in the corresponding period of 2025. - Share repurchase:
The
On July 28, 2026, Autohome's Board of Directors authorized a new share repurchase program under which the Company may repurchase up to
[1] The reporting currency of the Company is Renminbi ("RMB"). For readers' convenience, certain amounts throughout the release are |
[2] For more information on this and other non-GAAP financial measures, please see the section captioned "Use of Non-GAAP Financial |
Mr. Chi Liu, Chairman of the Board of Directors and Chief Executive Officer of Autohome, stated, "During the quarter, our innovative business continued to make steady progress, driving Autohome's upgrade towards a comprehensive automotive service ecosystem. For our new retail business, with the authorized dealer model now in pilot operation and expanding to more cities, we launched the offline franchised chain brand, Autohome Good Car, further extending our offline service network. In addition, our used-car-trading global expansion is advancing steadily ---- our cross-border export platform completed its first transaction in July, providing valuable experience for further expanding our service capabilities."
"We also made major strides in AI, particularly in cutting-edge AI agent technologies. In early July, we unveiled our proprietary intelligent agent product, Cheese Car Butler, and opened it for public beta. As the first standalone agent product in the automotive industry, it represents both a pioneering exploration of intelligent applications and a key milestone in enriching our product portfolio and establishing a differentiated competitive edge."
Mr. Craig Yan Zeng, Chief Financial Officer of Autohome, added, "We made significant progress during the quarter and maintain our unwavering commitment to delivering sustainable shareholder returns. The
Unaudited Second Quarter 2026 Financial Results
Net Revenues
Net revenues in the second quarter of 2026 were
- Media services revenues were
RMB280.4 million (US ) in the second quarter of 2026, compared to$41.3 million RMB279.4 million in the corresponding period of 2025. - Leads generation services revenues were
RMB560.4 million (US ) in the second quarter of 2026, compared to$82.6 million RMB732.6 million in the corresponding period of 2025. The decline was primarily driven by reduced spending from dealers amid shrinking sales volumes, along with a decrease in the number of paying dealers. - Online marketplace and others revenues were RMB357.3 million (
US million) in the second quarter of 2026, compared to$52.7 RMB746.1 million in the corresponding period of 2025. The decline was primarily driven by reduced revenue associated with the Company's vehicle sales business.
Cost of Revenues
Cost of revenues was
Operating Expenses
Operating expenses were
- Sales and marketing expenses were
RMB552.2 million (US ) in the second quarter of 2026, compared to$81.4 million RMB630.0 million in the corresponding period of 2025, 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 2026 wereRMB7.1 million (US .0 million), compared to$1 RMB13.3 million in the corresponding period of 2025. - General and administrative expenses were
RMB95.5 million (US ) in the second quarter of 2026, compared to$14.1 million RMB132.7 million in the corresponding period of 2025. Share-based compensation expenses included in general and administrative expenses in the second quarter of 2026 wereRMB3.9 million (US ), compared to$0.6 million RMB15.8 million in the corresponding period of 2025. - Product development expenses were
RMB223.1 million (US .9 million) in the second quarter of 2026, compared to$32 RMB253.0 million in the corresponding period of 2025. Share-based compensation expenses included in product development expenses in the second quarter of 2026 wereRMB15.2 million (US ), compared to$2.2 million RMB19.9 million in the corresponding period of 2025.
Operating Profit
Operating profit was
Income Tax Expense
Income tax expense was
Net Income Attributable to Autohome
Net income attributable to Autohome was
Net Income Attributable to Ordinary Shareholders and Earnings per Share/ADS
Net income attributable to ordinary shareholders was
Adjusted Net Income Attributable to Autohome (Non-GAAP) and Non-GAAP EPS/ADS
Adjusted net income attributable to Autohome (Non-GAAP) was
Balance Sheet and Cash Flow
As of June 30, 2026, the Company had cash and cash equivalents, short-term investments and other long-term investments of
Employees
The Company had 3,839 employees as of June 30, 2026, including 1,163 employees from TTP Car, Inc.
Conference Call Information
The Company will host an earnings conference call at 8:00 a.m.
Please register in advance of the conference call using the registration link provided below. Upon registering, each participant will receive a set of 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/BI296b7d951b7846ef99ed79972fbe1931
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, share of results 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 fourth at the end of this press release.
For investor and media inquiries, please contact:
Autohome Inc.
Sterling Song
Investor Relations Director
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cn
Christensen China Limited
Suri Cheng
Tel: +86-10-5900-1548
E-mail: autohome@christensencomms.com
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, | ||||||||||||
2025 | 2026 | 2025 | 2026 | ||||||||||
RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
Net revenues: | |||||||||||||
Media services | 279,399 | 280,386 | 41,324 | 521,578 | 443,069 | 65,300 | |||||||
Leads generation services | 732,581 | 560,357 | 82,586 | 1,377,724 | 1,063,812 | 156,786 | |||||||
Online marketplace and others | 746,140 | 357,267 | 52,655 | 1,312,636 | 739,568 | 108,999 | |||||||
Total net revenues | 1,758,120 | 1,198,010 | 176,565 | 3,211,938 | 2,246,449 | 331,085 | |||||||
Cost of revenues | (503,424) | (273,997) | (40,382) | (818,944) | (531,025) | (78,263) | |||||||
Gross profit | 1,254,696 | 924,013 | 136,183 | 2,392,994 | 1,715,424 | 252,822 | |||||||
Operating expenses: | |||||||||||||
Sales and marketing expenses | (629,982) | (552,168) | (81,379) | (1,173,621) | (1,058,517) | (156,006) | |||||||
General and administrative | (132,665) | (95,518) | (14,078) | (263,688) | (215,377) | (31,743) | |||||||
Product development expenses | (253,017) | (223,112) | (32,883) | (527,158) | (496,972) | (73,245) | |||||||
Total operating expenses | (1,015,664) | (870,798) | (128,340) | (1,964,467) | (1,770,866) | (260,994) | |||||||
Other operating income, net | 57,611 | 76,765 | 11,314 | 101,471 | 151,015 | 22,257 | |||||||
Operating profit | 296,643 | 129,980 | 19,157 | 529,998 | 95,573 | 14,085 | |||||||
Interest and investment income, | 165,123 | 132,868 | 19,582 | 342,194 | 275,005 | 40,531 | |||||||
Share of results of equity method | (322) | 42 | 6 | (11,958) | (55,506) | (8,181) | |||||||
Income before income taxes | 461,444 | 262,890 | 38,745 | 860,234 | 315,072 | 46,435 | |||||||
Income tax expense | (60,596) | (33,567) | (4,947) | (116,925) | (58,786) | (8,664) | |||||||
Net income | 400,848 | 229,323 | 33,798 | 743,309 | 256,286 | 37,771 | |||||||
Net loss attributable to | 14,810 | 18,487 | 2,725 | 28,984 | 35,775 | 5,273 | |||||||
Net income attributable to | 415,658 | 247,810 | 36,523 | 772,293 | 292,061 | 43,044 | |||||||
Accretion of mezzanine equity | (47,355) | (49,446) | (7,287) | (93,009) | (98,879) | (14,573) | |||||||
Accretion attributable to | 30,563 | 49,446 | 7,287 | 60,032 | 98,879 | 14,573 | |||||||
Net income attributable to | 398,866 | 247,810 | 36,523 | 739,316 | 292,061 | 43,044 | |||||||
Earnings per share attributable | |||||||||||||
Basic | 0.85 | 0.55 | 0.08 | 1.57 | 0.64 | 0.09 | |||||||
Diluted | 0.85 | 0.55 | 0.08 | 1.56 | 0.64 | 0.09 | |||||||
Earnings per ADS attributable | |||||||||||||
Basic | 3.40 | 2.20 | 0.32 | 6.26 | 2.56 | 0.38 | |||||||
Diluted | 3.38 | 2.19 | 0.32 | 6.23 | 2.55 | 0.38 | |||||||
Weighted average shares used to compute | |||||||||||||
Basic | 469,269,006 | 450,522,052 | 450,522,052 | 472,358,950 | 456,714,843 | 456,714,843 | |||||||
Diluted | 471,358,186 | 451,619,208 | 451,619,208 | 474,595,274 | 457,973,579 | 457,973,579 | |||||||
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, | ||||||||||||
2025 | 2026 | 2025 | 2026 | ||||||||||
RMB | RMB | US$ | RMB | RMB | US$ | ||||||||
Net income attributable to | 415,658 | 247,810 | 36,523 |
772,293 | 292,061 | 43,044 | |||||||
Plus: income tax expense | 61,936 | 33,903 | 4,997 | 119,605 | 59,459 | 8,763 | |||||||
Plus: depreciation of property and | 25,846 | 31,202 | 4,599 |
53,216 | 59,002 | 8,696 | |||||||
Plus: amortization of intangible | 9,595 | 444 | 65 |
19,216 | 888 | 131 | |||||||
EBITDA | 513,035 | 313,359 | 46,184 | 964,330 | 411,410 | 60,634 | |||||||
Plus: share-based compensation | 52,311 | 29,104 | 4,289 |
97,801 | 65,133 | 9,599 | |||||||
Adjusted EBITDA | 565,346 | 342,463 | 50,473 | 1,062,131 | 476,543 | 70,233 | |||||||
Net income attributable to Autohome | 415,658 | 247,810 | 36,523 |
772,293 | 292,061 | 43,044 | |||||||
Plus: amortization of intangible assets | 9,583 | 432 | 64 |
19,166 | 864 | 127 | |||||||
Plus: share-based compensation | 52,311 | 29,104 | 4,289 |
97,801 | 65,133 | 9,599 | |||||||
Plus: share of results of equity method | 322 | (42) | (6) |
11,958 | 55,506 | 8,181 | |||||||
Plus: Non-recurring employee severance | - | - | - |
- | 61,794 | 9,107 | |||||||
Plus: tax effects of the adjustments | (2,147) | (39) | (6) | (4,721) | (18,880) | (2,783) | |||||||
Adjusted net income attributable | 475,727 | 277,265 | 40,864 |
896,497 | 456,478 | 67,275 | |||||||
Net income attributable to | 415,658 | 247,810 | 36,523 |
772,293 | 292,061 | 43,044 | |||||||
Net margin | 23.6 % | 20.7 % | 20.7 % | 24.0 % | 13.0 % | 13.0 % | |||||||
Adjusted net income attributable | 475,727 | 277,265 | 40,864 | 896,497 | 456,478 | 67,275 | |||||||
Adjusted net margin | 27.1 % | 23.1 % | 23.1 % | 27.9 % | 20.3 % | 20.3 % | |||||||
Non-GAAP earnings per share | |||||||||||||
Basic | 1.01 | 0.62 | 0.09 | 1.90 | 1.00 | 0.15 | |||||||
Diluted | 1.01 | 0.61 | 0.09 | 1.89 | 1.00 | 0.15 | |||||||
Non-GAAP earnings per ADS (one | |||||||||||||
Basic | 4.06 | 2.46 | 0.36 | 7.59 | 4.00 | 0.59 | |||||||
Diluted | 4.04 | 2.46 | 0.36 | 7.56 | 3.99 | 0.59 | |||||||
Weighted average shares used to | |||||||||||||
Basic | 469,269,006 | 450,522,052 | 450,522,052 | 472,358,950 | 456,714,843 | 456,714,843 | |||||||
Diluted | 471,358,186 | 451,619,208 | 451,619,208 | 474,595,274 | 457,973,579 | 457,973,579 | |||||||
AUTOHOME INC. | |||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET | |||||
(Amount in thousands, except as noted) | |||||
As of December 31, | As of June 30, | ||||
2025 | 2026 | ||||
RMB | RMB | US$ | |||
ASSETS | |||||
Current assets | |||||
Cash and cash equivalents | 2,175,493 | 2,495,814 | 367,837 | ||
Restricted cash | 74,424 | 76,276 | 11,242 | ||
Short-term investments | 17,063,633 | 15,659,096 | 2,307,865 | ||
Accounts receivables, net | 1,521,347 | 1,399,181 | 206,214 | ||
Amounts due from related parties, current | 43,599 | 32,411 | 4,777 | ||
Prepaid expenses and other current assets | 308,733 | 666,788 | 98,272 | ||
Total current assets | 21,187,229 | 20,329,566 | 2,996,207 | ||
Non-current assets | |||||
Restricted cash, non-current | 5,000 | 5,000 | 737 | ||
Property and equipment, net | 191,063 | 210,542 | 31,030 | ||
Goodwill and intangible assets, net | 3,995,489 | 3,990,117 | 588,070 | ||
Long-term equity investments | 442,017 | 386,511 | 56,965 | ||
Other long-term investments | 2,124,783 | 1,209,698 | 178,287 | ||
Deferred tax assets | 262,622 | 270,872 | 39,922 | ||
Amounts due from related parties, non-current | 9,709 | 9,709 | 1,431 | ||
Other non-current assets | 90,612 | 154,528 | 22,775 | ||
Total non-current assets | 7,121,295 | 6,236,977 | 919,217 | ||
Total assets | 28,308,524 | 26,566,543 | 3,915,424 | ||
LIABILITIES AND EQUITY | |||||
Current liabilities | |||||
Accrued expenses and other payables | 2,192,496 | 1,589,658 | 234,286 | ||
Advance from customers | 98,083 | 107,332 | 15,819 | ||
Deferred revenue | 170,836 | 698,629 | 102,965 | ||
Income tax payable | 82,000 | 119,770 | 17,652 | ||
Amounts due to related parties | 13,739 | 4,383 | 646 | ||
Dividends payable | 976,382 | 489,821 | 72,191 | ||
Total current liabilities | 3,533,536 | 3,009,593 | 443,559 | ||
Non-current liabilities | |||||
Other liabilities | 21,544 | 45,710 | 6,738 | ||
Deferred tax liabilities | 458,266 | 457,224 | 67,386 | ||
Total non-current liabilities | 479,810 | 502,934 | 74,124 | ||
Total liabilities | 4,013,346 | 3,512,527 | 517,683 | ||
MEZZANINE EQUITY | |||||
Convertible redeemable noncontrolling interests | 2,121,191 | 2,220,070 | 327,198 | ||
EQUITY | |||||
Total Autohome shareholders' equity | 23,041,328 | 21,836,008 | 3,218,229 | ||
Noncontrolling interests | (867,341) | (1,002,062) | (147,686) | ||
Total equity | 22,173,987 | 20,833,946 | 3,070,543 | ||
Total liabilities, mezzanine equity and equity | 28,308,524 | 26,566,543 | 3,915,424 | ||
UNAUDITED RECONCILIATION BETWEEN U.S. GAAP AND IFRS Accounting Standards
The unaudited condensed consolidated statements of income for the six months ended June 30, 2026 and the unaudited condensed consolidated balance sheets as of June 30, 2026 (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
PricewaterhouseCoopers, the auditor of the Company in
Appendix
The Unaudited Interim Financial Statements of the Company are prepared in accordance with
Reconciliation of unaudited condensed consolidated statements of income: | ||||
For six months ended June 30, | ||||
2025 | 2026 | |||
RMB | RMB | |||
Reconciliation of net income in the consolidated statements of income | (in thousands) | |||
Net income as reported under | 743,309 | 256,286 | ||
IFRS Accounting Standards adjustments: | ||||
Preferred shares (Note a) | 64,042 | 12,411 | ||
Leases (Note b) | 1,253 | (134) | ||
Share-based compensation (Note c) | (8,625) | 11,011 | ||
Net income as reported under IFRS Accounting | 799,979 | 279,574 | ||
Reconciliation of unaudited condensed consolidated balance sheets: | ||||
As of December 31, | As of June 30, | |||
2025 | 2026 | |||
RMB | RMB | |||
Reconciliation of total equity in the consolidated balance sheets | (in thousands) | |||
Total equity as reported under | 22,173,987 | 20,833,946 | ||
IFRS Accounting Standards adjustments: | ||||
Preferred shares (Note a) | 2,067,762 | 2,193,156 | ||
Leases (Note b) | (5,534) | (5,668) | ||
Total equity as reported under IFRS Accounting Standards | 24,236,215 | 23,021,434 | ||
Notes: |
Basis of Preparation |
The Directors of the Company are responsible for preparation of the Reconciliation Statement in accordance with the relevant |
(a) Preferred Shares |
Under |
Under IFRS Accounting Standards, the preferred shares, which are redeemable at the option of the holder, represent a |
Accordingly, the reconciliation includes a fair value profit change of |
(b) Leases |
For operating leases under |
Accordingly, the reconciliation includes an expenses difference recognized in the consolidated statements of |
(c) Share-based Compensation |
Under |
Under IFRS Accounting Standards, the accelerated method is required to recognize compensation expense for all |
Accordingly, the reconciliation includes an expense recognition difference in the consolidated statements of |
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SOURCE Autohome Inc.