Form 6-K Autohome Inc. For: May 24

May 24, 2022 6:10 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

 

 

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 May 2022

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  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 


Exhibit Index

Exhibit 99.1 – Press Release


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.

By

 

:

  /s/ Quan Long

Name

 

:

 

Quan Long

Title

 

:

  Chairman of the Board and Chief Executive Officer

Date: May 24, 2022

Exhibit 99.1

 

LOGO     

 

 

Autohome Inc. Announces Unaudited First Quarter 2022 Financial Results

BEIJING, May 24, 2022 – 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 first quarter ended March 31, 2022.

First Quarter 2022 Highlights1

 

   

Net Revenues in the first quarter of 2022 were RMB1,471.3 million (US$232.1 million), compared to RMB1,841.6 million in the corresponding period of 2021.

 

   

Net Income attributable to Autohome Inc. in the first quarter of 2022 was RMB318.2 million (US$50.2 million), compared to RMB704.3 million in the corresponding period of 2021 and net income attributable to ordinary shareholders in the first quarter of 2022 was RMB307.5 million (US$48.5 million), compared to RMB633.8 million in the corresponding period of 2021.

 

   

Adjusted Net Income attributable to Autohome Inc. (Non-GAAP)2 in the first quarter of 2022 was RMB437.5 million (US$69.0 million), compared to RMB735.1 million in the corresponding period of 2021.

 

   

Share Repurchase: As of May 20, 2022, the Company has repurchased 1,574,674 American depositary shares (“ADSs”) for a total cost of approximately US$43.9 million.

 

   

New CFO Appointment: On May 6, 2022, the Board of Directors appointed Mr. Craig Yan Zeng as Chief Financial Officer of Autohome, effective on the same day.

Mr. Quan Long, Chairman of the Board of Directors and Chief Executive Officer of Autohome, stated, “Since the beginning of this year, the resurgence of COVID-19 pandemic in multiple cities of China has impacted most industries including the automobile industry. Despite the challenging macro environment, Autohome reported a solid first quarter with revenues totaling RMB1.47 billion, which exceeded the market expectation, and maintained good profitability and high margin level. We believe our steady financial performance and strong cash flow could support Autohome to navigate through market uncertainties and focus on long-term development. Meanwhile, a healthy balance sheet and ample cash reserves allow us to continue to implement our share repurchase program and dividend policy. During this quarter, we significantly enhanced our content offerings with a greater variety of video and live streaming content and upgraded our new energy vehicle (“NEV”) platform with a refreshed layout and user-friendly functionalities. These initiatives have successfully strengthened Autohome’s content ecosystem while delivering a better user experience and have already gained substantial traction. In March 2022, our aggregated average daily active users grew by 7.5% year-over-year to 45.21 million, according to QuestMobile, further solidifying our leadership position in the auto media sector. In addition, revenues from NEV brands soared by 156.1% in the first quarter of 2022 compared to the same period last year. We are also encouraged by the sustained growth momentum in the number of our dealer customers who have adopt an increasingly variety of our data products. Supported by our strong network effect, innovation capabilities and visionary management team, we believe these advancements will further strengthen our eco-platform and empower us to capture new opportunities in the years to come.”

 

 

1 

The reporting currency of the Company is Renminbi (“RMB”). For the convenience of readers, 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$1.00 to RMB6.3393 on March 31, 2022 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.

2 

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 “Reconciliations of Non-GAAP and GAAP Results” set forth at the end of this release.

 

1


“Furthermore, we are thrilled to welcome Mr. Craig Yan Zeng to Autohome as our Chief Financial Officer. Mr. Zeng has over 20 years’ experience in the capital markets and has held various senior management positions at both US-listed and HK-listed companies, including LexinFintech, Hop Hing Group Holdings, VanceInfo Technologies, as well as General Electric in the U.S. We believe his extensive experience, skills and leadership will be valuable asset to the Company and help Autohome achieve the next stage of growth.” concluded Mr. Long.

Mr. Zeng, Chief Financial Officer of Autohome, added, “I am pleased to join Autohome’s senior management team and look forward to contributing to the Company’s long-term development. For the first quarter of 2022, we delivered better-than-expected results. The year-over-year revenue growth rate for our NEV brands and used car business both outperformed the market, demonstrating our value proposition and industry demand for our innovative products. Looking ahead, we will continue to focus on long-term business development and invest strategically to remain at the forefront of innovation while maintaining a high-quality growth standard. With the solid foundation we have built, our strong balance sheet and ample cash reserves, we believe we are well-positioned to achieve sustainable growth and deliver long-term value to our shareholders.”

Unaudited First Quarter 2022 Financial Results

Net Revenues

Net revenues in the first quarter of 2022 were RMB1,471.3 million (US$232.1 million), compared to RMB1,841.6 million in the corresponding period of 2021.

 

   

Media services revenues were RMB266.8 million (US$42.1 million), compared to RMB604.8 million in the corresponding period of 2021. The decline was attributable to the decrease in average revenue per automaker advertiser, which was primarily due to the ongoing chip shortage as well as the impact of the COVID-19 pandemic on certain cities in China in 2022.

 

   

Leads generation services revenues were RMB708.2 million (US$111.7 million), compared to RMB697.6 million in the corresponding period of 2021.

 

   

Online marketplace and others revenues were RMB496.3 million (US$78.3 million), compared to RMB539.1 million in the corresponding period of 2021. The decrease was primarily attributable to the impact of the COVID-19 pandemic on certain cities in China in 2022.

Cost of Revenues

Cost of revenues was RMB255.0 million (US$40.2 million) in the first quarter of 2022, compared to RMB243.1 million in the corresponding period of 2021. Share-based compensation expense included in cost of revenues in the first quarter of 2022 was RMB3.5 million (US$0.5 million), compared to RMB6.8 million in the corresponding period of 2021.

 

2


Operating Expenses

Operating expenses were RMB1,084.1 million (US$171.0 million) in the first quarter of 2022, compared to RMB1,115.8 million in the corresponding period of 2021.

 

   

Sales and marketing expenses were RMB592.3 million (US$93.4 million) in the first quarter of 2022, compared to RMB682.6 million in the corresponding period of 2021, primarily due to the decrease in promotional spending. Share-based compensation expense included in sales and marketing expenses in the first quarter of 2022 was RMB8.4 million (US$1.3 million), compared to RMB11.1 million in the corresponding period of 2021.

 

   

General and administrative expenses were RMB136.6 million (US$21.5 million) in the first quarter of 2022, compared to RMB128.6 million in the corresponding period of 2021. Share-based compensation expense included in general and administrative expenses in the first quarter of 2022 was RMB16.1 million (US$2.5 million), compared to RMB7.6 million in the corresponding period of 2021.

 

   

Product development expenses were RMB355.2 million (US$56.0 million) in the first quarter of 2022, compared to RMB304.6 million in the corresponding period of 2021. The increase was primarily attributable to higher investment in research and development activities for digital products. Share-based compensation expense included in product development expenses in the first quarter of 2022 was RMB12.9 million (US$2.0 million), compared to RMB28.3 million in the corresponding period of 2021.

Operating Profit

Operating profit was RMB241.2 million (US$38.1 million) in the first quarter of 2022, compared to RMB566.6 million in the corresponding period of 2021.

Income Tax Expense

There was an income tax expense of RMB8.0 million (US$1.3 million) in the first quarter of 2022, compared to income tax expense of RMB65.0 million in the corresponding period of 2021. The decrease was primarily attributable to a preferential rate of 5% for withholding tax on cash dividends which was obtained in 2022.

Net Income attributable to Autohome Inc.

Net income attributable to Autohome Inc. was RMB318.2 million (US$50.2 million) in the first quarter of 2022, compared to RMB704.3 million in the corresponding period of 2021.

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

Net income attributable to ordinary shareholders was RMB307.5 million (US$48.5 million) in the first quarter of 2022, compared to RMB633.8 million in the corresponding period of 2021. Basic and diluted earnings per share (“EPS”) were RMB0.61 (US$0.10) and RMB0.61 (US$0.10), respectively, in the first quarter of 2022, as compared to basic and diluted EPS of RMB1.31 and RMB1.31, respectively, in the corresponding period of 2021. Basic and diluted earnings per ADS were RMB2.44 (US$0.38) and RMB2.44 (US$0.38), respectively, in the first quarter of 2022 as compared to basic and diluted earnings per ADS of RMB5.24 and RMB5.22, respectively, in the corresponding period of 2021.

 

3


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

Adjusted net income attributable to Autohome Inc. (Non-GAAP) was RMB437.5 million (US$69.0 million) in the first quarter of 2022, compared to RMB735.1 million in the corresponding period of 2021. Non-GAAP basic and diluted EPS were RMB0.87 (US$0.14) and RMB0.87 (US$0.14), respectively, in the first quarter of 2022 as compared to non-GAAP basic and diluted EPS of RMB1.52 and RMB1.51, respectively, in the corresponding period of 2021. Non-GAAP basic and diluted earnings per ADS were RMB3.47 (US$0.55) and RMB3.47 (US$0.55), respectively, in the first quarter of 2022, compared to non-GAAP basic and diluted earnings per ADS of RMB6.08 and RMB6.06, respectively, in the corresponding period of 2021.

Balance Sheet and Cash Flow

As of March 31, 2022, the Company had cash and cash equivalents and short-term investments of RMB20.27 billion (US$3,197.3 million). Net cash provided by operating activities in the first quarter of 2022 was RMB496.2 million (US$78.3 million).

Employees

The Company had 5,715 employees as of March 31, 2022, including 2,179 employees from TTP Car, Inc. (“TTP”).

Conference Call Information

The Company will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, May 24, 2022 (8:00 PM Beijing Time on the same day).

Dial-in details for the earnings conference call are as follows:

 

United States:

   +1-855-824-5644

Hong Kong, China:

   +852-3027-6500

Mainland China:

   8009-880-563/ 400-821-0637

United Kingdom:

   0800-026-1542

International:

   +1-646-722-4977

Passcode:

   49039262#

Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call.

A replay of the conference call may be accessed by phone at the following numbers until May 31, 2022:

 

United States:

  

+1-646-982-0473

International:

  

+61-2-8325-2405

Passcode:

  

520001867#

Additionally, a live and archived webcast of the conference call will be available at http://ir.autohome.com.cn.

 

4


About Autohome Inc.

Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. Its mission is to engage, educate and inform consumers about everything auto. Autohome provides original 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. Autohome operates its “Autohome Mall,” a full-service online transaction platform, to facilitate transactions for automakers and dealers. 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 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.

 

5


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 Inc., 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 Inc. as net income attributable to Autohome Inc. excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisition, certain noncontrolling interests adjustments for TTP (starting in the first quarter of 2021 for the first time, which included interest income related to convertible bond investment to TTP and is eliminated in consolidation), investment loss relating to non-operating impact of a write-down of the initial investment in a financial product, and (gain)/loss pickup of equity method investments, 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 Inc. 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 Inc. divided by the basic and diluted weighted average number of ADSs. We define Adjusted net margin as Adjusted Net Income attributable to Autohome Inc. divided by total net revenues. We define Adjusted EBITDA as net income attributable to Autohome Inc. 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 “Reconciliation of non-GAAP and GAAP Results” set forth at the end of this press release.

For investor and media inquiries, please contact:

In China:

Autohome Inc.

Investor Relations

Tel: +86-10-5985-7483

E-mail: [email protected]

The Piacente Group, Inc.

Jenny Cai

Tel: +86-10-6508-0677

E-mail: [email protected]

In the United States:

The Piacente Group, Inc.

Brandi Piacente

Tel: +1-212-481-2050

E-mail: [email protected]

 

6


AUTOHOME INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DATA

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

 

     For three months ended March 31,  
     2021     2022  
    

RMB

(Unaudited)

   

RMB

(Unaudited)

   

US$

(Unaudited)

 

Net revenues:

      

Media services

     604,824       266,802       42,087  

Leads generation services

     697,634       708,204       111,716  

Online marketplace and others

     539,123       496,286       78,287  
  

 

 

   

 

 

   

 

 

 

Total net revenues

     1,841,581       1,471,292       232,090  
  

 

 

   

 

 

   

 

 

 

Cost of revenues

     (243,123     (255,017     (40,228
  

 

 

   

 

 

   

 

 

 

Gross profit

     1,598,458       1,216,275       191,862  
  

 

 

   

 

 

   

 

 

 

Operating expenses:

      

Sales and marketing expenses

     (682,633     (592,254     (93,426

General and administrative expenses

     (128,625     (136,562     (21,542

Product development expenses

     (304,551     (355,247     (56,039
  

 

 

   

 

 

   

 

 

 

Total operating expenses

     (1,115,809     (1,084,063     (171,007
  

 

 

   

 

 

   

 

 

 

Other operating income, net

     83,985       109,024       17,199  
  

 

 

   

 

 

   

 

 

 

Operating profit

     566,634       241,236       38,054  
  

 

 

   

 

 

   

 

 

 

Interest and investment income, net

     129,703       90,768       14,318  

Loss from equity method investments, net

     (197     (26,229     (4,138
  

 

 

   

 

 

   

 

 

 

Income before income taxes

     696,140       305,775       48,234  
  

 

 

   

 

 

   

 

 

 

Income tax expense

     (65,033     (8,040     (1,268
  

 

 

   

 

 

   

 

 

 

Net income

     631,107       297,735       46,966  
  

 

 

   

 

 

   

 

 

 

Net loss attributable to noncontrolling interests

     73,182       20,513       3,236  
  

 

 

   

 

 

   

 

 

 

Net income attributable to Autohome Inc.

     704,289       318,248       50,202  
  

 

 

   

 

 

   

 

 

 

Accretion of mezzanine equity

     (327,073     (30,876     (4,871

Accretion attributable to noncontrolling interests

     256,583       20,118       3,174  
  

 

 

   

 

 

   

 

 

 

Net income attributable to ordinary shareholders

     633,799       307,490       48,505  
  

 

 

   

 

 

   

 

 

 

Earnings per share for ordinary shares

      

Basic

     1.31       0.61       0.10  

Diluted

     1.31       0.61       0.10  

Earnings per ADS attributable to ordinary shareholders (one ADS equals for four ordinary shares)

      

Basic

     5.24       2.44       0.38  

Diluted

     5.22       2.44       0.38  

Weighted average shares used to compute earnings per share attributable to ordinary shareholders:

      

Basic

     483,498,580       504,448,800       504,448,800  

Diluted

     485,207,380       504,709,220       504,709,220  

 

7


AUTOHOME INC.

RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS

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

 

     For three months ended March 31,  
     2021     2022  
     RMB     RMB     US$  
     (Unaudited)     (Unaudited)     (Unaudited)  

Net income attributable to Autohome Inc.

     704,289       318,248       50,202  

Plus: income tax expense

     65,033       9,381       1,480  

Plus: depreciation of property and equipment

     50,694       57,228       9,027  

Plus: amortization of intangible assets

     2,969       10,837       1,709  
  

 

 

   

 

 

   

 

 

 

EBITDA

     822,985       395,694       62,418  
  

 

 

   

 

 

   

 

 

 

Plus: share-based compensation expenses

     53,837       40,861       6,446  
  

 

 

   

 

 

   

 

 

 

Adjusted EBITDA

     876,822       436,555       68,864  
  

 

 

   

 

 

   

 

 

 

Net income attributable to Autohome Inc.

     704,289       318,248       50,202  

Plus: amortization of intangible assets resulting from business acquisition

     1,139       10,722       1,691  

Plus: share-based compensation expenses

     53,837       40,861       6,446  

Plus: investment loss arising from one of financial products3

     —         54,420       8,585  

Plus: loss on equity method investments, net

     197       26,229       4,138  

Plus: certain noncontrolling interests adjustments for TTP

     (24,370     —         —    

Plus: tax effects of the adjustments

     (36     (12,947     (2,042
  

 

 

   

 

 

   

 

 

 

Adjusted net income attributable to Autohome Inc.

     735,056       437,533       69,020  
  

 

 

   

 

 

   

 

 

 

Net income attributable to Autohome Inc.

     704,289       318,248       50,202  

Net margin

     38.2     21.6     21.6

Adjusted net income attributable to Autohome Inc.

     735,056       437,533       69,020  

Adjusted net margin

     39.9     29.7     29.7

Non-GAAP earnings per share

      

Basic

     1.52       0.87       0.14  

Diluted

     1.51       0.87       0.14  

Non-GAAP earnings per ADS (one ADS equals for four ordinary shares)

      

Basic

     6.08       3.47       0.55  

Diluted

     6.06       3.47       0.55  

Weighted average shares used to compute non-GAAP earnings per share:

      

Basic

     483,498,580       504,448,800       504,448,800  

Diluted

     485,207,380       504,709,220       504,709,220  

 

3 

It represented the loss of an overdue financial product with fair value below its initial investment in the first quarter of 2022, which was recognized at “interest and investment income, net”. The impact was considered to be not directly related to the Company’s operating activities.

 

8


AUTOHOME INC.

CONDENSED CONSOLIDATED BALANCE SHEET

(Amount in thousands, except as noted)

 

     As of
December 31,
    As of March 31,  
     2021     2022  
     RMB
(Audited)
    RMB
(Unaudited)
    US$
(Unaudited)
 

ASSETS

      

Current assets

      

Cash and cash equivalents

     4,236,501       2,786,456       439,553  

Restricted Cash

     89,855       87,740       13,841  

Short-term investments

     16,496,267       17,482,251       2,757,757  

Accounts receivable, net

     2,139,471       1,570,959       247,813  

Amounts due from related parties, current

     83,376       53,882       8,500  

Prepaid expenses and other current assets

     280,248       434,998       68,619  
  

 

 

   

 

 

   

 

 

 

Total current assets

     23,325,718       22,416,286       3,536,083  
  

 

 

   

 

 

   

 

 

 

Non-current assets

      

Restricted cash, non-current

     5,200       5,200       820  

Property and equipment, net

     381,496       342,241       53,987  

Goodwill and intangible assets, net

     4,428,822       4,409,042       695,509  

Long-term investments

     70,720       444,491       70,117  

Deferred tax assets

     176,138       176,083       27,776  

Amounts due from related parties, non-current

     7,529       11,319       1,786  

Other non-current assets

     133,383       147,434       23,257  
  

 

 

   

 

 

   

 

 

 

Total non-current assets

     5,203,288       5,535,810       873,252  
  

 

 

   

 

 

   

 

 

 

Total assets

     28,529,006       27,952,096       4,409,335  
  

 

 

   

 

 

   

 

 

 

LIABILITIES AND EQUITY

      

Current liabilities

      

Accrued expenses and other payables

     2,044,597       1,740,108       274,496  

Advance from customers

     123,370       108,913       17,181  

Deferred revenue

     1,553,013       1,692,177       266,934  

Income tax payable

     233,342       150,396       23,724  

Amounts due to related parties

     31,897       19,697       3,107  
  

 

 

   

 

 

   

 

 

 

Total current liabilities

     3,986,219       3,711,291       585,442  
  

 

 

   

 

 

   

 

 

 

Non-current liabilities

      

Other liabilities

     28,619       46,428       7,326  

Deferred tax liabilities

     576,798       517,389       81,616  
  

 

 

   

 

 

   

 

 

 

Total non-current liabilities

     605,417       563,817       88,942  
  

 

 

   

 

 

   

 

 

 

Total liabilities

     4,591,636       4,275,108       674,384  
  

 

 

   

 

 

   

 

 

 

MEZZANINE EQUITY

      

Convertible redeemable noncontrolling interests

     1,468,029       1,498,904       236,446  
  

 

 

   

 

 

   

 

 

 

EQUITY

      

Total Autohome Inc. shareholders’ equity

     22,754,419       22,503,791       3,549,886  

Noncontrolling interests

     (285,078     (325,707     (51,381
  

 

 

   

 

 

   

 

 

 

Total equity

     22,469,341       22,178,084       3,498,505  
  

 

 

   

 

 

   

 

 

 

Total liabilities, mezzanine equity and equity

     28,529,006       27,952,096       4,409,335  
  

 

 

   

 

 

   

 

 

 

 

9



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings