Hong Kong · Delayed Price · Currency is HKD Autohome Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw revenue of CNY 1.2B and gross margin rise to 77.1%, but operating profit and net income declined year-over-year. New retail and used car export businesses expanded, while AI initiatives and shareholder returns were prioritized. The auto market remains pressured, but NEV penetration and exports offer growth.
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Q1 2026 saw revenue of RMB 1.05 billion and record user engagement, but the auto market faced significant headwinds with declining sales and margins. Strategic initiatives in AI, new retail, and global expansion continued, while shareholder returns were prioritized through dividends and buybacks.
Fiscal Year 2025
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2025 saw a strategic transformation into an AI-driven automotive service ecosystem, with robust digital and O2O initiatives, strong NEV revenue growth, and stable financials despite industry headwinds. Shareholder returns remain a priority, with new buyback and dividend commitments.
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Q3 2025 saw strong AI and O2O progress, with NEV revenues up 58.6% year-over-year and robust user growth. Net revenues reached RMB 1.78 billion, but gross margin declined to 63.7% due to investment in new retail. Shareholder returns remain a priority.
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Q2 2025 saw revenue growth in online marketplace and NEV segments, but gross margin and profits declined year-over-year. AI innovation, O2O expansion, and global initiatives remain strategic priorities, with a bullish outlook for H2 as industry price wars ease.
Fiscal Year 2024
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Haier became controlling shareholder, driving strategic synergy and innovation. 2024 revenues hit RMB 7.04B, with NEV business up 55.2% year-over-year and adjusted net margin at 29.1%. O2O and AI initiatives fueled user and business growth, with robust capital returns.
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Q3 2024 saw steady revenue growth in online marketplace and NEV segments, but profitability declined due to industry-wide price wars and margin pressure. The company expanded its offline network, enhanced digital offerings, and returned capital to shareholders through dividends and buybacks.
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Q2 2024 saw 2.2% revenue growth to RMB 1.87B, robust NEV and data product expansion, and a 30.6% adjusted net profit margin. Strategic retail and digital initiatives, plus a strong cash position and enhanced dividend policy, support long-term growth amid industry restructuring.