Core Viewpoint - Autohome Inc. has announced a significant share transfer agreement where its controlling shareholder, Yun Chen Capital Cayman, will sell approximately 41.91% of the company's ordinary shares to CARTECH HOLDING COMPANY for about US$1.8 billion, which will result in Yun Chen ceasing to be the controlling shareholder of the company [1][2]. Group 1: Share Transfer Details - The share transfer involves the sale of 200,884,012 ordinary shares, representing approximately 41.91% of the issued and outstanding shares of Autohome [1]. - The completion of the share transfer is contingent upon satisfying conditions precedent, including obtaining necessary regulatory approvals [2]. - Post-transfer, Yun Chen will retain 23,916,500 ordinary shares and will no longer be the controlling shareholder [2]. Group 2: Management Changes - Mr. Tao Wu has resigned as the Chief Executive Officer and executive director of Autohome, effective February 20, 2025 [4]. - Mr. Song Yang has been appointed as the new Chief Executive Officer and executive director, effective the same date [5]. - Mr. Yang brings over 20 years of experience in the automotive industry, having held various leadership roles in both China and the U.S., including positions at Ford China and Borgward [6][7]. Group 3: Company Overview - Autohome Inc. is recognized as the leading online platform for automobile consumers in China, aiming to reduce decision-making and transaction costs in the auto industry through advanced technology [8]. - The company offers a wide range of services, including dealer subscription and advertising services, facilitating transactions for automakers and dealers through its online platform [9].

Core Viewpoint - Autohome Inc. reported its financial results for Q4 and full year 2024, highlighting a focus on integrating its online-to-offline ecosystem, user growth, and technological innovation, particularly in AI applications. Despite a decline in revenues and net income, the company aims to strategically invest in growth initiatives for 2025 [4][6][22]. Q4 2024 Highlights - Net revenues for Q4 2024 were RMB1,783.4 million (US$244.3 million), a decrease from RMB1,911.4 million in Q4 2023 [5][6]. - Net income attributable to Autohome in Q4 2024 was RMB320.5 million (US$43.9 million), down from RMB446.7 million in Q4 2023 [6][13]. - Adjusted net income (Non-GAAP) for Q4 2024 was RMB486.5 million (US$66.7 million), compared to RMB502.8 million in Q4 2023 [15]. - Media services revenues were RMB436.8 million (US$59.8 million) in Q4 2024, down from RMB500.5 million in Q4 2023 [7]. - Leads generation services revenues were RMB758.4 million (US$103.9 million) in Q4 2024, compared to RMB841.5 million in Q4 2023 [7]. - Online marketplace and others revenues increased to RMB588.2 million (US$80.6 million) in Q4 2024, up from RMB569.5 million in Q4 2023 [8]. Full Year 2024 Highlights - Total net revenues for 2024 were RMB7,039.6 million (US$964.4 million), a decrease from RMB7,184.1 million in 2023 [17]. - Net income attributable to Autohome for 2024 was RMB1,681.1 million (US$230.3 million), down from RMB1,935.3 million in 2023 [22]. - Adjusted net income (Non-GAAP) for 2024 was RMB2,050.0 million (US$280.9 million), compared to RMB2,159.6 million in 2023 [24]. - Media services revenues for 2024 were RMB1,523.1 million (US$208.7 million), down from RMB1,870.8 million in 2023 [25]. - Leads generation services revenues increased slightly to RMB3,135.9 million (US$429.6 million) in 2024, compared to RMB3,111.8 million in 2023 [25]. - Online marketplace and others revenues rose to RMB2,380.6 million (US$326.1 million) in 2024, up from RMB2,201.5 million in 2023 [25]. Cost and Expenses - Cost of revenues for Q4 2024 was RMB428.6 million (US$58.7 million), compared to RMB367.9 million in Q4 2023 [9]. - Operating expenses for Q4 2024 were RMB1,177.0 million (US$161.2 million), down from RMB1,242.8 million in Q4 2023 [10]. - Operating profit for Q4 2024 was RMB232.4 million (US$31.8 million), compared to RMB366.7 million in Q4 2023 [11]. - Total operating expenses for 2024 were RMB4,841.4 million (US$663.3 million), a decrease from RMB4,898.9 million in 2023 [19]. Balance Sheet and Cash Flow - As of December 31, 2024, the company had cash and cash equivalents and short-term investments totaling RMB23.32 billion (US$3.19 billion) [28]. - Net cash provided by operating activities in 2024 was RMB1,373.1 million (US$188.1 million) [28]. - The company had 4,415 employees as of December 31, 2024 [29].

Core Viewpoint - Haier Group is expected to officially announce the acquisition of Autohome soon, although they have not confirmed this yet [1][2] Group 1: Acquisition Details - Haier Group is reportedly in talks to acquire Autohome, with conditions already agreed upon [1] - The original shareholders of Autohome, Ping An Group, will retain a symbolic portion of their shares post-acquisition [1] - Haier is currently searching for a new CEO for Autohome, ideally someone with a background in the automotive industry [1] Group 2: Employment and Restructuring - A significant layoff plan initially set to begin in January has been delayed until after the acquisition is finalized, with the specific percentage of layoffs still under discussion [1] - Reports indicated that Haier plans to cut 30% of Autohome's workforce by January 2025 [1] Group 3: Haier's Background and Strategy - Haier Group has been expanding into various sectors, including health and industrial internet, moving beyond its traditional image as a home appliance giant [2] - The company has a history of investments in the automotive sector, including investments in companies focused on automotive digitalization and mobility services [2] - Haier has denied rumors of entering the vehicle manufacturing sector but is working on building an industrial internet platform for the automotive industry [2]

Company Performance - Autohome Inc. (ATHM) has shown a year-to-date performance increase of approximately 7.9%, outperforming the average return of 2.2% in the Computer and Technology sector [4]. - The Zacks Consensus Estimate for Autohome's full-year earnings has increased by 2% over the past quarter, indicating improving analyst sentiment and a positive earnings outlook [3]. Industry Context - Autohome Inc. is part of the Internet - Services industry, which consists of 34 individual stocks and currently ranks 78 in the Zacks Industry Rank. Stocks in this industry have gained about 0.4% year-to-date, showing that ATHM is performing better than its peers in this group [5]. - In comparison, Fortinet (FTNT), another stock in the Computer and Technology sector, has a year-to-date return of 16% and belongs to the Internet - Software industry, which has moved up by 18.4% this year [4][6].

Core Viewpoint - Autohome Inc. will report its financial results for Q4 and the full year of 2024 on February 20, 2025, before U.S. markets open, with a conference call scheduled for the same day [1]. Company Overview - Autohome Inc. is a leading online platform for automobile consumers in China, providing a wide range of content and services related to the automotive industry [4]. - The company offers various types of content, including occupationally-generated, professionally-generated, user-generated, and AI-generated content, along with a comprehensive automobile library and extensive listing information [4]. - Autohome serves as a preferred platform for automakers and dealers to conduct advertising campaigns, leveraging its large and engaged user base [4]. - The company provides dealer subscription and advertising services, enabling dealers to market their inventory and services, thus extending their reach to millions of internet users in China [4]. - Autohome operates "Autohome Mall," a full-service online transaction platform, and offers additional value-added services such as auto financing, insurance, used car transactions, and aftermarket services [4].

Autohome Q3 2024 Earnings Conference Call Summary Company Overview - **Company**: Autohome - **Industry**: Automotive and Online Marketplace Key Points from the Conference Call Business Strategy and Performance - Autohome continues to promote an integrated online-to-offline ecosystem strategy, focusing on deepening engagement across the entire value chain and optimizing its business structure [2][3] - The mobile active user base for Zijia surpassed 70 million, marking a 5.6% increase, indicating growing influence among users [2][3] - Over 500 offline car shows were held in the first three quarters, enhancing customer experience in car selection and purchase [2][3] - Revenues from online marketplace and other services increased by 3.1% year-over-year during Q3 [3][10] Digitalization and Technological Advancements - Autohome is leveraging data technology and artificial intelligence to improve digital product coverage and enhance customer management systems [3][4] - The introduction of the Autohome AH Plus content matrix and intelligent evaluation system aims to provide high-quality content and practical vehicle selection guidance [5][6] Financial Performance - Total revenue for Q3 2024 was 17.7 billion yuan (approximately $2.5 billion), with media services revenue at 3.26 billion yuan, online services at 8.31 billion yuan, and online marketing and other services at 6.18 billion yuan [10][11] - Operating profit for Q3 was 830 million yuan, down from 1.66 billion yuan in the same period last year [10] - Adjusted net income attributable to Autohome was 497 million yuan, compared to 604 million yuan in Q3 2023 [10] Market Conditions and Challenges - The automotive industry is experiencing a price war, which has negatively impacted profit margins, with the average profit margin for the industry at 4.6% [12][13] - Retail sales in the automotive sector increased by only 2.2% year-on-year, indicating sluggish market conditions [12][13] - The ongoing price war has led to significant operational pressure on car dealers, with over 50% reporting losses [12][14] Future Outlook - Autohome plans to strengthen its presence in lower-tier markets and enhance brand influence while adapting to market changes [4][5] - The company aims to continue expanding its retail model and explore innovative business models in collaboration with Ping'an Group [4][5] - A cash dividend of $1.15 per ADS has been approved, reflecting confidence in future growth and commitment to shareholder returns [11][12] Additional Insights - The integration of resources with Ping'an Group has led to the launch of innovative products and services, enhancing competitive advantages in traditional and digital markets [4][5] - The company is optimistic about the long-term growth potential of the Chinese automotive industry despite current challenges [15][16] Conclusion Autohome is actively optimizing its business model and expanding its market presence while navigating challenges posed by a competitive automotive landscape. The focus on digitalization, user engagement, and strategic partnerships positions the company for future growth and resilience in the evolving market.

Core Viewpoint - The company reported a steady growth in its third-quarter financial performance, with total revenue reaching 1.77 billion RMB, driven by a 54% year-on-year increase in revenue from new energy brands, and a net profit of 497 million RMB after adjustments [1] Group 1: Financial Performance - Total revenue for Q3 was 1.77 billion RMB, with online marketing and other business income growing by 3.1% year-on-year [1] - Revenue from new energy brands increased by 54% year-on-year, outperforming industry sales growth [1] - Adjusted net profit for the third quarter was 497 million RMB [1] Group 2: Strategic Initiatives - The company is focusing on integrating online and offline services to enhance its ecosystem strategy [1] - Plans to deepen localization and penetrate lower-tier markets while enhancing brand influence and product innovation [1] - Collaboration with Ping An Group aims to leverage offline resources and professional after-sales service capabilities [1] Group 3: Content and User Engagement - The company launched the AH+ content brand and an original content matrix covering over 13 columns, focusing on new cars, reviews, culture, and industry [2] - The "AH-IT" intelligent evaluation system was introduced to address user anxiety in purchasing smart vehicles [2] - A new scene-based image library was released to improve user efficiency in car selection, covering 36 mainstream models [2] Group 4: Marketing and Events - The "818 Global Auto Festival" was upgraded, generating significant engagement with 290 million views and 14.8 billion exposures [4] - Over 500 offline car exhibitions and nearly 2000 single-store events were held, covering around 250 cities [4] - The new retail model "Satellite Plan" has been implemented, with over 50 space stations and satellite stores established [4][5] Group 5: Digital and After-Sales Services - The company launched the "Gather Repair" digital product in collaboration with Ping An, marking its entry into the after-sales market [5] - The "Call Platform" and "Retention Assistant" tools were developed to enhance customer engagement and service efficiency [6] - The overall revenue from data products increased by 8% year-on-year in the first nine months of the year [6] Group 6: ESG and Corporate Responsibility - The company actively engages in carbon reduction initiatives and has received recognition for its social responsibility efforts [7] - Awards include the "2024 Asian Corporate Social Responsibility Award" and the "2024 Best Energy Saving and Carbon Reduction Action Award" [7] - The company continues to focus on enhancing operational efficiency and service capabilities for long-term sustainable growth [8]

Financial Data and Key Metrics Changes - Net revenues for Q3 2024 were RMB 1.77 billion, with Media Services revenues at RMB 326 million, Leads generation services revenue at RMB 831 million, and Online Marketplace and Others revenue at RMB 618 million, reflecting a 3.1% year-over-year increase [27] - Cost of revenue increased to RMB 408 million from RMB 374 million year-over-year, resulting in a gross margin of 77%, down from 80.4% in the same period last year [28] - Operating profit was RMB 83 million, compared to RMB 166 million in Q3 2023, and adjusted net income attributable to Autohome was RMB 497 million, down from RMB 604 million year-over-year [29] Business Line Data and Key Metrics Changes - Revenues from the online marketplace and others increased by 3.1% year-over-year, driven by the growth in the new retail business [10] - Revenues from NEV brands grew by 54% compared to the same period last year, significantly outpacing industry sales growth rates [22] - Revenue from data products increased by 8% year-over-year during the first nine months of 2024 [23] Market Data and Key Metrics Changes - The average mobile DAU increased by 5.6% year-over-year, reaching 72.87 million in September, indicating a strong position in the automotive media vertical [19] - Retail sales of new energy vehicles in September increased by 10.6% from the previous month, with domestic retail penetration of NEVs exceeding 50% for three consecutive months [38] Company Strategy and Development Direction - The company is focused on enhancing its integrated online-to-offline ecosystem strategy, particularly in lower-tier markets, through initiatives like the Hundred Cities, Trade-in for New [9][14] - There is a commitment to driving product innovation and broadening business horizons while leveraging partnerships, particularly with Ping An Group, to enhance competitive advantages [14][47] - The company aims to optimize operational efficiency to support long-term high-quality development [26] Management Comments on Operating Environment and Future Outlook - Management noted that the ongoing price war in the automotive industry has negatively impacted profitability, with the average profit margin of the auto industry at only 4.6% [36] - Despite current challenges, management remains optimistic about the long-term growth potential of the auto market, particularly with the development of the NEV industry and supportive government policies [39] - The used car market is under pressure due to the new car price war, but there are expectations for potential growth in the B2B sector [53] Other Important Information - The company has a strong balance sheet with cash, cash equivalents, and short-term investments of RMB 23.06 billion as of September 30, 2024 [31] - A new share repurchase program was authorized for up to USD 200 million, and a cash dividend of USD 1.15 per ADS was approved, reflecting confidence in business and future developments [32][33] Q&A Session Summary Question: Impact of ongoing price war and trade-in program on the industry and Autohome - Management observed that the price war has eased slightly but continues to affect profitability, with retail sales growth only at 2.2% year-on-year [35][36] Question: Update on the new retail model of NEVs and expansion pace - Management reported over 50 stores in the Autohome space and satellite model, facilitating cost efficiency for OEMs and generating extra revenue for Autohome [41][43] Question: View on the 2025 used car market and shareholder return progress - Management indicated that the used car market remains sluggish due to new car price pressures, but there are plans to explore B2B opportunities [50][53] Question: OEMs' advertising budget outlook and contract renewals with dealers - Management expects OEMs to balance advertising budgets more reasonably next year, with stable contract renewals for lead subscription packages [58][60]

Summary of Autohome's Q3 2024 Earnings Conference Call Company Overview - **Company**: Autohome - **Industry**: Automotive and Online Marketplace Key Points Business Strategy and Performance - Autohome is advancing its integrated online-to-offline ecosystem strategy, focusing on enhancing engagement across the value chain and optimizing business structure [2][3] - The company launched new professional content and product proofing, leading to a 5.6% year-over-year increase in mobile daily active users (DAU), surpassing 70 million for the first time [2][7] - Over 500 offline car shows were successfully held in the first three quarters of 2024, targeting lower-tier markets to provide a one-stop service experience for consumers [2][3] Financial Performance - Net revenues for Q3 2024 were RMB 1.77 billion, with media services revenues at RMB 326 million, lease generation services at RMB 831 million, and online marketplace revenues at RMB 618 million, reflecting a 3.1% year-over-year increase [11][12] - Operating profit decreased to RMB 83 million from RMB 166 million in the same period last year, with adjusted net income at RMB 497 million compared to RMB 604 million [12][13] - Gross margin fell to 77% from 80.4% year-over-year, indicating increased cost pressures [11] Market Dynamics - The ongoing price war in the automotive industry has led to a significant decline in profit margins, with the average profit margin for the auto industry at 4.6%, down from 6.1% for industrial enterprises [14][15] - Retail sales in the first nine months of 2024 increased by only 2.2%, indicating sluggish market conditions despite ongoing price competition [14][15] New Energy Vehicle (NEV) Initiatives - Autohome's satellite plan for NEVs has been implemented, with over 50 space stations and satellite stores established nationwide, facilitating resource sharing and channel support in lower-tier cities [7][8] - The company aims to strengthen its local presence in lower-tier markets and enhance brand influence while adapting to market dynamics [4][8] Digitalization and Innovation - Autohome is leveraging data technology and artificial intelligence to improve operational efficiency and enhance customer experience [3][4] - The introduction of the Autohome AH Plus content matrix and scenario-based vehicle model library aims to provide users with practical guides for vehicle selection [5][6] Shareholder Returns - The Board of Directors approved a cash dividend of US$1.15 per ADS, totaling approximately RMB 1 billion, reflecting confidence in business and commitment to shareholder returns [13][24] - A new share repurchase program was authorized, allowing for the repurchase of up to US$200 million of Autohome's ADS [12][13] Future Outlook - Autohome plans to continue expanding its retail model and explore innovative business models, particularly in collaboration with Ping An Group [19][20] - The company remains optimistic about the long-term growth potential of the Chinese automotive market, despite current challenges [17][24] Additional Insights - The integration of resources with Ping An Group has strengthened Autohome's offerings in financial insurance and after-sales services, enhancing overall service capabilities [20][21] - The second-hand car market is under pressure due to the price war in the new car market, with transaction volumes increasing by only 5.37% year-over-year [22][24]

Exhibit 99.1 Autohome Inc. Announces Unaudited Third Quarter 2024 Financial Results BEIJING, November 6, 2024 – 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 ended September 30, 2024. Third Quarter 2024 Highlights 1 Mr. Tao Wu, Chief Executive Officer of Autohome, stated, "In the third quarter, we made substantial progress in advancing our integrated ...