# EDGAR Filing Document

**Accession Number:** 0001527636
**File Stem:** 0001193125-26-092419
**Filing Date:** 2026-3
**Character Count:** 36401
**Document Hash:** 8cbfbe45d911c7b07b68cfb81ce9c7a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-092419.hdr.sgml**: 20260305

**ACCESSION NUMBER**: 0001193125-26-092419

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260305

**FILED AS OF DATE**: 20260305

**DATE AS OF CHANGE**: 20260305

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Autohome Inc.
- **CENTRAL INDEX KEY:** 0001527636
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36222
- **FILM NUMBER:** 26724043

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 18TH FLOOR TOWER B, CEC PLAZA
- **STREET 2:** 3 Dan Ling Street, Haidian District
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **BUSINESS PHONE:** 8610 5985 7001

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 18TH FLOOR TOWER B, CEC PLAZA
- **STREET 2:** 3 Dan Ling Street, Haidian District
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sequel Ltd
- **DATE OF NAME CHANGE:** 20110809

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER** 

**PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**For the month of March 2026** 

**Commission File Number: 001-36222**

## Autohome Inc.
**18th Floor Tower B, CEC Plaza** 

**3 Dan Ling Street** 

**Haidian District, Beijing 100080** 

**The People's Republic of China** 

**(Address of principal executive offices)** 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release—Autohome Inc. Announces Unaudited Fourth Quarter and Full Year 2025 Financial Results and US$200 Million Share Repurchase Program](d102598dex991.htm) |

---

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| Autohome Inc. | Autohome Inc. |
| By: | /s/ Chi Liu |
| Name: | Chi Liu |
| Title: | Chairman of the Board and Chief Executive Officer |

---

Date: March 5, 2026

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g102598dsp005.jpg)

**Autohome Inc. Announces Unaudited Fourth Quarter and Full Year 2025 Financial Results and US$200 Million Share Repurchase Program** 

BEIJING, March 5, 2026 – 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 three months and full year ended December 31, 2025.

**Fourth Quarter 2025 Highlights<sup>1</sup>** 

• **Net revenues** in the fourth quarter of 2025 were RMB1,462.0 million (US$209.1 million), compared to
RMB1,783.4 million in the corresponding period of 2024.

• **Net income attributable to Autohome** in the fourth quarter of 2025 was RMB233.9 million (US$33.4
million), compared to RMB320.5 million in the corresponding period of 2024, while **net income attributable to ordinary shareholders** in the fourth quarter of 2025 was RMB226.4 million (US$32.4 million), compared to
RMB304.4 million in the corresponding period of 2024.

• **Adjusted net income attributable to Autohome (Non-GAAP) <sup>2</sup> <sup></sup>** in the fourth quarter of 2025 was RMB303.7 million (US$43.4 million), compared to RMB486.5 million in the corresponding
period of 2024.

• **Share repurchase:** 

Under the share repurchase program effective from September 4, 2024, the Company had repurchased 7,116,939 American depositary shares ("ADSs") for a total cost of approximately US$184.5 million.

On March 5, 2026, Autohome's Board of Directors authorized a new share repurchase program under which the Company may repurchase up to US$200 million of its American depositary shares over the next eighteen months.

The Company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on the market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and/or Rule 10b5-1 requirements. The Company's Board of Directors will review the authorized share repurchase program periodically, and may authorize adjustment of its terms and size or suspend or discontinue the program. The Company plans to fund repurchases from its existing cash balance.

<sup>1</sup> The reporting currency of the Company is Renminbi ("RMB"). For readers' convenience, certain amounts throughout the release are presented in US dollars ("US$"). Unless otherwise noted, all conversions from RMB to US$ are translated at the noon buying rate of US$1.00 to RMB6.9931 on December 31, 2025, in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate. 

<sup>2</sup> For more information on this and other non-GAAP financial measures, please see the section captioned "Use of Non-GAAP Financial Measures" and the tables captioned "Unaudited Reconciliations of Non-GAAP and GAAP Results" set forth at the end of this release.

------

**Full Year 2025 Highlights<sup>1</sup>** 

• **Net revenues** in 2025 were RMB6,452.0 million (US$922.6 million), compared to RMB7,039.6 million
in 2024.

• **Net income attributable to Autohome** in 2025 was RMB1,442.8 million (US$206.3 million), compared to
RMB1,681.1 million in 2024, while **net income attributable to ordinary shareholders** in 2025 was RMB1,385.1 million (US$198.1 million), compared to RMB1,619.6 million in 2024.

• **Adjusted net income attributable to Autohome (Non-GAAP) <sup>2</sup>** in 2025 was RMB1,607.0 million (US$229.8 million), compared to RMB2,050.0 million in 2024.

Mr. Chi Liu, Chairman of the Board of Directors and Chief Executive Officer of Autohome, stated, "2025 was a pivotal year in our evolution, transforming from an automotive information platform into a comprehensive automotive service ecosystem. Facing a dynamic industry landscape, our focus was on driving two core initiatives. On the content front, we continued to strengthen the development of high-quality content while enhancing our creator ecosystem and expanding new media distribution capabilities. On the service front, we accelerated the development of fully integrated online-to-offline services to create a more efficient and convenient end-to-end automotive service ecosystem for users and industry partners. Throughout this transformation, we are leveraging AI as a core engine to drive product innovation and optimize operations. Moving forward, we remain committed to improving the user experience, continuously enhancing our service and transaction ecosystem, and driving high-quality and sustainable development of Autohome."

Mr. Craig Yan Zeng, Chief Financial Officer of Autohome, added, "Over the past year, we continued to build our content ecosystem by expanding user reach through emerging media channels. Our *Autohome Media MCN* now includes over 500 top-tier creators across diverse fields, broadening our engagement across user groups. On the transaction service side, *Autohome Mall*, which launched in the second half of 2025, got off to a stable start, demonstrating a positive development trajectory. Driven by the robust performance of our new retail business, our online marketplace and others revenues increased by 8.8% year-over-year in 2025. Looking ahead, we will continue to innovate and explore new business models to deliver long-term value to our shareholders."

***Unaudited Fourth Quarter 2025 Financial Results***

**Net Revenues** 

Net revenues in the fourth quarter of 2025 were RMB1,462.0 million (US$209.1 million), compared to RMB1,783.4 million in the corresponding period of 2024.

• **Media services** revenues were RMB333.8 million (US$47.7 million) in the fourth quarter of 2025,
compared to RMB436.8 million in the corresponding period of 2024, primarily due to reduced advertising spending by internal combustion engine ("ICE") automakers amid shrinking sales volumes in the ICE segment.

• **Leads generation services** revenues were RMB667.8 million (US$95.5 million) in the fourth
quarter of 2025, compared to RMB758.4 million in the corresponding period of 2024.

------

• **Online marketplace and others** revenues were RMB460.3 million (US$65.8 million) in the fourth quarter
of 2025, compared to RMB588.2 million in the corresponding period of 2024.

**Cost of Revenues** 

Cost of revenues was RMB318.9 million (US$45.6 million) in the fourth quarter of 2025, compared to RMB428.6 million in the corresponding period of 2024. Share-based compensation expense included in cost of revenues in the fourth quarter of 2025 was RMB3.8 million (US$0.5 million), compared to RMB2.2 million in the corresponding period of 2024.

**Operating Expenses** 

Operating expenses were RMB1,111.5 million (US$158.9 million) in the fourth quarter of 2025, compared to RMB1,177.0 million in the corresponding period of 2024.

• **Sales and marketing** expenses were RMB738.6 million (US$105.6 million) in the fourth quarter of 2025,
compared to RMB717.8 million in the corresponding period of 2024. Share-based compensation expenses included in sales and marketing expenses in the fourth quarter of 2025 were RMB12.4 million (US$1.8 million), compared to
RMB10.3 million in the corresponding period of 2024.

• **General and administrative** expenses were RMB115.0 million (US$16.4 million) in the fourth quarter of
2025, compared to RMB131.2 million in the corresponding period of 2024. Share-based compensation expenses included in general and administrative expenses in the fourth quarter of 2025 were RMB12.2 million (US$1.7 million), compared to
RMB13.6 million in the corresponding period of 2024.

• **Product development** expenses were RMB258.0 million (US$36.9 million) in the fourth quarter of 2025,
compared to RMB328.0 million in the corresponding period of 2024, primarily due to a decrease in personnel-related expenses. Share-based compensation expenses included in product development expenses in the fourth quarter of 2025 were
RMB18.1 million (US$2.6 million), compared to RMB15.6 million in the corresponding period of 2024.

**Operating Profit** 

Operating profit was RMB92.3 million (US$13.2 million) in the fourth quarter of 2025, compared to RMB232.4 million in the corresponding period of 2024.

**Income Tax Expense** 

Income tax expense was RMB6.4 million (US$0.9 million) in the fourth quarter of 2025, compared to income tax expense of RMB31.4 million in the corresponding period of 2024.

**Net Income Attributable to Autohome** 

Net income attributable to Autohome was RMB233.9 million (US$33.4 million) in the fourth quarter of 2025, compared to RMB320.5 million in the corresponding period of 2024.

------

**Net Income Attributable to Ordinary Shareholders and Earnings per Share/ADS** 

Net income attributable to ordinary shareholders was RMB226.4 million (US$32.4 million) in the fourth quarter of 2025, compared to RMB304.4 million in the corresponding period of 2024. Basic and diluted earnings per share ("EPS") were RMB0.48 (US$0.07) and RMB0.48 (US$0.07), respectively, in the fourth quarter of 2025, compared to basic and diluted EPS of RMB0.63 and RMB0.62, respectively, in the corresponding period of 2024. Basic and diluted earnings per ADS were RMB1.94 (US$0.28) and RMB1.93 (US$0.28), respectively, in the fourth quarter of 2025, compared to basic and diluted earnings per ADS of RMB2.51 and RMB2.50, respectively, in the corresponding period of 2024.

**Adjusted Net Income Attributable to Autohome (Non-GAAP) and Non-GAAP EPS/ADS** 

Adjusted net income attributable to Autohome (Non-GAAP) was RMB303.7 million (US$43.4 million) in the fourth quarter of 2025, compared to RMB486.5 million in the corresponding period of 2024. Non-GAAP basic and diluted EPS were RMB0.65 (US$0.09) and RMB0.65 (US$0.09), respectively, in the fourth quarter of 2025, compared to non-GAAP basic and diluted EPS of RMB1.00 and RMB1.00, respectively, in the corresponding period of 2024. Non-GAAP basic and diluted earnings per ADS were RMB2.60 (US$0.37) and RMB2.59 (US$0.37), respectively, in the fourth quarter of 2025, compared to non-GAAP basic and diluted earnings per ADS of RMB4.02 and RMB3.99, respectively, in the corresponding period of 2024.

***Unaudited Full Year 2025 Financial Results***

**Net Revenues** 

Net revenues in 2025 were RMB6,452.0 million (US$922.6 million), compared to RMB7,039.6 million in 2024.

• **Media services** revenues were RMB1,153.4 million (US$164.9 million) in 2025, compared to
RMB1,523.1 million in 2024, primarily due to reduced advertising spending by ICE automakers amid shrinking sales volumes in the ICE segment.

• **Leads generation services** revenues were RMB2,709.2 million (US$387.4 million) in 2025,
compared to RMB3,135.9 million in 2024. The decline was primarily attributable to a reduction in the number of paying dealers and a lower average revenue per dealer as we expanded our footprint across lower-tier cities.

• **Online marketplace and others** revenues were RMB2,589.4 million (US$370.3 million) in 2025, compared
to RMB2,380.6 million in 2024.

**Cost of Revenues** 

Cost of revenues was RMB1,783.8 million (US$255.1 million) in 2025, compared to RMB1,483.2 million in 2024, primarily due to higher transaction costs associated with the Company's new retail business in lower-tier cities. Share-based compensation expense included in cost of revenues was RMB14.8 million (US$2.1 million) in 2025, compared to RMB8.1 million in 2024.

**Operating Expenses** 

Operating expenses were RMB4,100.4 million (US$586.4 million) in 2025, compared to RMB4,841.4 million in 2024.

• **Sales and marketing** expenses were RMB2,532.7 million (US$362.2 million) in 2025, compared to
RMB2,988.2 million in 2024, primarily due to a decrease in marketing and promotional expenses. Share-based compensation expenses included in sales and marketing expenses in 2025 were RMB56.9 million (US$8.1 million), compared to
RMB48.4 million in 2024.

------

• **General and administrative** expenses were RMB504.0 million (US$72.1 million) in 2025, compared to
RMB534.8 million in 2024. Share-based compensation expenses included in general and administrative expenses in 2025 were RMB60.1 million (US$8.6 million), compared to RMB51.1 million in 2024.

• **Product development** expenses were RMB1,063.7 million (US$152.1 million) in 2025, compared to
RMB1,318.4 million in 2024, primarily due to a decrease in personnel-related expenses. Share-based compensation expenses included in product development expenses in 2025 were RMB87.1 million (US$12.5 million), compared to
RMB84.3 million in 2024.

**Operating Profit** 

Operating profit was RMB769.3 million (US$110.0 million) in 2025, compared to RMB1,003.5 million in 2024.

**Income Tax Expense** 

Income tax expense was RMB141.7 million (US$20.3 million) in 2025, compared to an income tax expense of RMB63.0 million in 2024. The increase was primarily attributable to the prior-year tax filing adjustments, and less benefits from preferential income tax rates and tax holidays for certain subsidiaries in the PRC.

**Net Income attributable to Autohome** 

Net income attributable to Autohome was RMB1,442.8 million (US$206.3 million) in 2025, compared to RMB1,681.1 million in 2024.

**Net Income attributable to Ordinary Shareholders and Earnings per Share/ADS** 

Net income attributable to ordinary shareholders was RMB1,385.1 million (US$198.1 million) in 2025, compared to RMB1,619.6 million in 2024. Basic and diluted EPS were RMB2.95 (US$0.42) and RMB2.93 (US$0.42), respectively, in 2025 as compared to basic and diluted EPS of RMB3.34 and RMB3.33, respectively, in 2024. Basic and diluted earnings per ADS were RMB11.78 (US$1.69) and RMB11.74 (US$1.68), respectively, in 2025 as compared to basic and diluted earnings per ADS of RMB13.36 and RMB13.31, respectively, in 2024.

**Adjusted Net Income attributable to Autohome (Non-GAAP) and Non-GAAP Earnings per Share/ADS** 

Adjusted net income attributable to Autohome (Non-GAAP) was RMB1,607.0 million (US$229.8 million) in 2025, compared to RMB2,050.0 million in 2024. Non-GAAP basic and diluted EPS were RMB3.42 (US$0.49) and RMB3.40 (US$0.49), respectively, in 2025 as compared to non-GAAP basic and diluted EPS of RMB4.23 and RMB4.21, respectively, in 2024. Non-GAAP basic and diluted earnings per ADS were RMB13.67 (US$1.95) and RMB13.62 (US$1.95), respectively, in 2025 as compared to non-GAAP basic and diluted earnings per ADS of RMB16.91 and RMB16.85, respectively, in 2024.

------

**Balance Sheet and Cash Flow** 

As of December 31, 2025, the Company had cash and cash equivalents, short-term investments and long-term financial products of RMB21.36 billion (US$3.05 billion). Net cash provided by operating activities in 2025 was RMB889.5 million (US$127.2 million).

**Employees** 

The Company had 4,242 employees as of December 31, 2025, including 1,197 employees from TTP Car, Inc.

**Conference Call Information** 

The Company will host an earnings conference call at 7:00 a.m. U.S. Eastern Time on Thursday, March 5, 2026 (8:00 p.m. Beijing Time on the same day).

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: <u>https://register-conf.media-server.com/register/BIdfc55c5793964417869b4d3b671bd935</u>

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 <u>https://ir.autohome.com.cn</u> 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 <u>https://www.autohome.com.cn/.</u>

------

**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, investment loss relating to non-operating impact of a write-down of the initial investment in a financial product, 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 forth 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: <u>ir@autohome.com.cn</u>

**Christensen China Limited** 

Suri Cheng

Tel: +86-185-0060-8364

E-mail: <u>suri.cheng@christensencomms.com</u>

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AUTOHOME INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DATA

(Amount in thousands, except share and per share / per ADS data)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For three months ended December 31,** | **For three months ended December 31,** | **For three months ended December 31,** | **For year ended December 31,** | **For year ended December 31,** | **For year ended December 31,** |
|  | **2024** | **2025** | **2025** | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** | **RMB** | **RMB** | **US$** |
|  **Net revenues:** |  |  |  |  |  |  |
|  Media services | 436819 | 333817 | 47735 | 1523075 | 1153419 | 164937 |
|  Leads generation services | 758443 | 667839 | 95500 | 3135885 | 2709235 | 387415 |
|  Online marketplace and others | 588174 | 460342 | 65828 | 2380627 | 2589376 | 370276 |
|  **Total net revenues** | **1783436** | **1461998** | **209063** | **7039587** | **6452030** | **922628** |
|  Cost of revenues | (428559) | (318927) | (45606) | (1483220) | (1783831) | (255084) |
|  **Gross profit** | **1354877** | **1143071** | **163457** | **5556367** | **4668199** | **667544** |
|  **Operating expenses:** |  |  |  |  |  |  |
|  Sales and marketing expenses | (717812) | (738569) | (105614) | (2988169) | (2532667) | (362167) |
|  General and administrative expenses | (131168) | (114964) | (16440) | (534809) | (504013) | (72072) |
|  Product development expenses | (327987) | (257969) | (36889) | (1318443) | (1063746) | (152114) |
|  **Total operating expenses** | **(1176967)** | **(1111502)** | **(158943)** | **(4841421)** | **(4100426)** | **(586353)** |
|  Other operating income, net | 54498 | 60690 | 8679 | 288551 | 201514 | 28816 |
|  **Operating profit** | **232408** | **92259** | **13193** | **1003497** | **769287** | **110007** |
|  Interest and investment income, net | 189062 | 155802 | 22279 | 791905 | 659810 | 94352 |
|  Share of results of equity method investments | (77389) | (17957) | (2568) | (109094) | 102770 | 14695 |
|  **Income before income taxes** | **344081** | **230104** | **32904** | **1686308** | **1531867** | **219054** |
|  Income tax expense | (31375) | (6430) | (919) | (62959) | (141745) | (20269) |
|  **Net income** | **312706** | **223674** | **31985** | **1623349** | **1390122** | **198785** |
|  Net loss attributable to noncontrolling interests | 7817 | 10219 | 1461 | 57774 | 52708 | 7537 |
|  **Net income attributable to Autohome** | **320523** | **233893** | **33446** | **1681123** | **1442830** | **206322** |
|  Accretion of mezzanine equity | (44006) | (48057) | (6872) | (172596) | (189661) | (27121) |
|  Accretion attributable to noncontrolling interests | 27895 | 40573 | 5802 | 111035 | 131964 | 18870 |
|  **Net income attributable to ordinary shareholders** | **304412** | **226409** | **32376** | **1619562** | **1385133** | **198071** |
|  **Earnings per share attributable to ordinary shareholders** |  |  |  |  |  |  |
|  Basic | 0.63 | 0.48 | 0.07 | 3.34 | 2.95 | 0.42 |
|  Diluted | 0.62 | 0.48 | 0.07 | 3.33 | 2.93 | 0.42 |
|  **Earnings per ADS attributable to ordinary shareholders (one ADS equals for four ordinary shares)** |  |  |  |  |  |  |
|  Basic | 2.51 | 1.94 | 0.28 | 13.36 | 11.78 | 1.69 |
|  Diluted | 2.50 | 1.93 | 0.28 | 13.31 | 11.74 | 1.68 |
|  **Weighted average shares used to compute earnings per share attributable to ordinary shareholders:** | **Weighted average shares used to compute earnings per share attributable to ordinary shareholders:** |  |  |  |  |  |
|  Basic | 484428433 | 467419423 | 467419423 | 484945912 | 470186664 | 470186664 |
|  Diluted | 487443601 | 469612367 | 469612367 | 486552724 | 472096864 | 472096864 |

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AUTOHOME INC.

UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS

(Amount in thousands, except share and per share / per ADS data)

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **For three months ended December 31,** | **For three months ended December 31,** | **For three months ended December 31,** | **For three months ended December 31,** | **For three months ended December 31,** | **For three months ended December 31,** | **For year ended December 31,** | **For year ended December 31,** | **For year ended December 31,** | **For year ended December 31,** | **For year ended December 31,** | **For year ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** |
|  | **RMB** | **RMB** | **RMB** | **RMB** | **US$** | **US$** | **RMB** | **RMB** | **RMB** | **RMB** | **US$** | **US$** |
|  **Net income attributable to Autohome** |  | **320523** |  | **233893** |  | **33446** |  | **1681123** |  | **1442830** |  | **206322** |
|  Plus: income tax expense |  | 32716 |  | 7770 |  | 1111 |  | 68321 |  | 147105 |  | 21036 |
|  Plus: depreciation of property and equipment |  | 27019 |  | 28091 |  | 4017 |  | 120830 |  | 108107 |  | 15459 |
|  Plus: amortization of intangible assets |  | 9645 |  | 9595 |  | 1372 |  | 38595 |  | 38406 |  | 5492 |
|  **EBITDA** |  | **389903** |  | **279349** |  | **39946** |  | **1908869** |  | **1736448** |  | **248309** |
|  Plus: share-based compensation expenses |  | 41743 |  | 46435 |  | 6640 |  | 192024 |  | 218974 |  | 31313 |
|  **Adjusted EBITDA** |  | **431646** |  | **325784** |  | **46586** |  | **2100893** |  | **1955422** |  | **279622** |
|  **Net income attributable to Autohome** |  | **320523** |  | **233893** |  | **33446** |  | **1681123** |  | **1442830** |  | **206322** |
|  Plus: amortization of intangible assets resulting from business acquisition |  | 9583 |  | 9583 |  | 1370 |  | 38332 |  | 38332 |  | 5481 |
|  Plus: share-based compensation expenses |  | 41743 |  | 46435 |  | 6640 |  | 192024 |  | 218974 |  | 31313 |
|  Plus: investment loss arising from one of financial products<sup>3</sup> |  |  |  |  |  |  |  | 620 |  |  |  |  |
|  Plus: share of results of equity method investments |  | 77389 |  | 17957 |  | 2568 |  | 109094 |  | (102770) |  | (14696) |
|  Plus: non-recurring employee severance costs<sup>4</sup> |  | 60847 |  |  |  |  |  | 60847 |  |  |  |  |
|  Plus: tax effects of the adjustments |  | (23565) |  | (4217) |  | (603) |  | (31992) |  | 9683 |  | 1385 |
|  **Adjusted net income attributable to Autohome** |  | **486520** |  | **303651** |  | **43421** |  | **2050048** |  | **1607049** |  | **229805** |
|  **Net income attributable to Autohome** |  | **320523** |  | **233893** |  | **33446** |  | **1681123** |  | **1442830** |  | **206322** |
|  *Net margin* | | *18.0 %* | | *16.0 %* | | *16.0 %* | | *23.9 %* | | *22.4 %* | | *22.4 %* |
|  **Adjusted net income attributable to Autohome** |  | **486520** |  | **303651** |  | **43421** |  | **2050048** |  | **1607049** |  | **229805** |
|  *Adjusted net margin* | | *27.3 %* | | *20.8 %* | | *20.8 %* | | *29.1 %* | | *24.9 %* | | *24.9 %* |
|  **Non-GAAP earnings per share** |  |  |  |  |  |  |  |  |  |  |  |  |
|  Basic |  | 1.00 |  | 0.65 |  | 0.09 |  | 4.23 |  | 3.42 |  | 0.49 |
|  Diluted |  | 1.00 |  | 0.65 |  | 0.09 |  | 4.21 |  | 3.40 |  | 0.49 |
|  **Non-GAAP earnings per ADS (one ADS equals for four ordinary shares)** |  |  |  |  |  |  |  |  |  |  |  |  |
|  Basic |  | 4.02 |  | 2.60 |  | 0.37 |  | 16.91 |  | 13.67 |  | 1.95 |
|  Diluted |  | 3.99 |  | 2.59 |  | 0.37 |  | 16.85 |  | 13.62 |  | 1.95 |
|  **Weighted average shares used to compute non-GAAP earnings per share:** |  |  |  |  |  |  |  |  |  |  |  |  |
|  Basic |  | 484428433 |  | 467419423 |  | 467419423 |  | 484945912 |  | 470186664 |  | 470186664 |
|  Diluted |  | 487443601 |  | 469612367 |  | 469612367 |  | 486552724 |  | 472096864 |  | 472096864 |

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<sup>3</sup> It represents the loss of an investment with fair value below its initial investment, which was recognized at "interest and investment income, net". The impact was considered to be not directly related to the Company's operating activities.

<sup>4</sup> It represents the non-recurring employee severance costs associated with the optimization to the Company's organizational structure in the fourth quarter of 2024.

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AUTOHOME INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET

(Amount in thousands, except as noted)

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| | | | |
|:---|:---|:---|:---|
|  | **As of**<br>**December 31,** | **As of December 31,** | **As of December 31,** |
|  | **2024** | **2025** | **2025** |
|  | **RMB** | **RMB** | **US$** |
|  **ASSETS** |  |  |  |
|  **Current assets** |  |  |  |
|  Cash and cash equivalents | 1693597 | 2175493 | 311091 |
|  Restricted cash | 88515 | 74424 | 10642 |
|  Short-term investments | 21621992 | 17063633 | 2440067 |
|  Accounts receivable, net | 1358849 | 1521347 | 217550 |
|  Amounts due from related parties, current | 63957 | 43599 | 6235 |
|  Prepaid expenses and other current assets | 336941 | 308733 | 44148 |
|  **Total current assets** | **25163851** | **21187229** | **3029733** |
|  **Non-current assets** |  |  |  |
|  Restricted cash, non-current | 5000 | 5000 | 715 |
|  Property and equipment, net | 204049 | 191063 | 27322 |
|  Goodwill and intangible assets, net | 4069637 | 3995489 | 571347 |
|  Long-term equity investments | 339247 | 442017 | 63208 |
|  Other long-term investments |  | 2124783 | 303840 |
|  Deferred tax assets | 308246 | 262622 | 37554 |
|  Amounts due from related parties, non-current | 3521 | 9709 | 1388 |
|  Other non-current assets | 128074 | 90612 | 12957 |
|  **Total non-current assets** | **5057774** | **7121295** | **1018331** |
|  **Total assets** | **30221625** | **28308524** | **4048064** |
|  **LIABILITIES AND EQUITY** |  |  |  |
|  **Current liabilities** |  |  |  |
|  Accrued expenses and other payables | 2931869 | 2192496 | 313523 |
|  Advance from customers | 106276 | 98083 | 14026 |
|  Deferred revenue | 276894 | 170836 | 24429 |
|  Income tax payable | 185976 | 82000 | 11726 |
|  Amounts due to related parties | 38250 | 13739 | 1965 |
|  Dividends payable | 990529 | 976382 | 139621 |
|  **Total current liabilities** | **4529794** | **3533536** | **505290** |
|  **Non-current liabilities** |  |  |  |
|  Other liabilities | 23103 | 21544 | 3079 |
|  Deferred tax liabilities | 468078 | 458266 | 65531 |
|  **Total non-current liabilities** | **491181** | **479810** | **68610** |
|  **Total liabilities** | **5020975** | **4013346** | **573900** |
|  **MEZZANINE EQUITY** |  |  |  |
|  Convertible redeemable noncontrolling interests | **1931529** | **2121191** | **303326** |
|  **EQUITY** |  |  |  |
|  **Total Autohome shareholders' equity** | **23951737** | **23041328** | **3294866** |
|  Noncontrolling interests | (682616) | (867341) | (124028) |
|  **Total equity** | **23269121** | **22173987** | **3170838** |
|  **Total liabilities, mezzanine equity and equity** | **30221625** | **28308524** | **4048064** |

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