Yahoo Finance

• Total Revenue (2024): RMB7.04 billion.

• Revenue from Online Marketplace and Others: Increased by 8.1% year-over-year, accounting for 33.8% of total revenue.

• NEV Business Revenue Growth (2024): Increased by 55.2% year-over-year.

• Adjusted Net Income (2024): RMB2.05 billion.

• Adjusted Net Margin (2024): 29.1%.

• Dividend Announced (2024): RMB1.5 billion.

• Share Repurchase: Approximately USD88.5 million worth of shares repurchased.

• Net Revenues (Q4 2024): RMB1.78 billion.

• Media Services Revenues (Q4 2024): RMB437 million.

• Lead Generation Services Revenues (Q4 2024): RMB758 million.

• Online Marketplace and Other Revenues (Q4 2024): RMB588 million, up 3.3% year-over-year.

• Cost of Revenues (Q4 2024): RMB429 million.

• Gross Margin (Q4 2024): 76%.

• Operating Profit (Q4 2024): RMB232 million.

• Adjusted Net Income (Q4 2024): RMB487 million.

• Cash, Cash Equivalents, and Short-term Investments (as of Dec 31, 2024): RMB23.32 billion.

• Net Operating Cash Flow (2024): RMB1.37 billion.

• Warning! GuruFocus has detected 4 Warning Signs with ATHM.

Release Date: February 20, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Autohome Inc (NYSE:ATHM) reported a strong financial performance for 2024, with total revenue reaching RMB7.04 billion and a significant 55.2% year-over-year increase in NEV business revenues.

• The company achieved an adjusted net income of RMB2.05 billion, yielding an adjusted net margin of 29.1%, and announced a dividend of RMB1.5 billion for the year.

• Autohome Inc (NYSE:ATHM) expanded its offline presence significantly, with over 150 franchise offline stores and successful trade-in events in over 200 cities, enhancing its brand and channel coverage.

• The company integrated AI across its operations, improving productivity and operational efficiency, particularly in content creation and dealership operations.

• Autohome Inc (NYSE:ATHM) maintained a robust balance sheet with cash, cash equivalents, and short-term investments totaling RMB23.32 billion, and executed a share repurchase program worth approximately USD88.5 million.

Negative Points

• Media services revenues decreased during the fourth quarter, although the decline narrowed compared to previous quarters.

• Gross margin for the fourth quarter was 76%, down from 80.8% in the same period of 2023, indicating increased cost pressures.

• Operating profit for the fourth quarter decreased to RMB232 million from RMB367 million in the same period of the previous year.

• The used car business faced challenges with declining profits despite increased sales, due to price wars in the new car market affecting used car pricing.

• The company faces ongoing competition and price pressures in the automotive market, which could impact future profitability and growth.