$ATHM

Autohome Inc.

CIK:0001527636|SEC Filings

Consolidated Statements of Comprehensive Income ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 CNY (¥) ¥ / shares shares	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2024 CNY (¥) ¥ / shares shares	Dec. 31, 2023 CNY (¥) ¥ / shares shares
Net revenues:
Total net revenues	¥ 6,452,030	$ 922,628	¥ 7,039,587	¥ 7,184,135
Cost of revenues (including related party transactions of RMB62,372, RMB70,493 and RMB45,510 (US$6,508) for the years ended December 31, 2023, 2024 and 2025, respectively)	(1,783,831)	(255,084)	(1,483,220)	(1,411,881)
Gross profit	4,668,199	667,544	5,556,367	5,772,254
Operating expenses:
Sales and marketing expenses	(2,532,667)	(362,167)	(2,988,169)	(3,012,479)
General and administrative expenses (including reversal of allowance for credit losses of RMB24,359 for the years ended December 31, 2023, and provision for credit losses of RMB35,293 and provision for credit losses of RMB32,667 (US$4,671) for the years ended December 31, 2024 and 2025, respectively)	(504,013)	(72,072)	(534,809)	(537,979)
Product development expenses	(1,063,746)	(152,114)	(1,318,443)	(1,348,472)
Total Operating expenses (including related party transactions of RMB128,155, RMB139,653 and RMB127,968 (US$18,299) for the years ended December 31, 2023, 2024 and 2025, respectively)	(4,100,426)	(586,353)	(4,841,421)	(4,898,930)
Other operating income, net	201,514	28,816	288,551	264,101
Operating profit	769,287	110,007	1,003,497	1,137,425
Interest and investment income, net (including related party transactions of RMB202,304, RMB215,253 and RMB114,424 (US$16,362) for the years ended December 31, 2023, 2024 and 2025, respectively)	659,810	94,352	791,905	831,006
Share of results of equity method investments	102,770	14,695	(109,094)	29,133
Income before income taxes	1,531,867	219,054	1,686,308	1,997,564
Income tax expenses	(141,745)	(20,269)	(62,959)	(72,155)
Net income	1,390,122	198,785	1,623,349	1,925,409
Net loss attributable to noncontrolling interests	52,708	7,537	57,774	9,901
Net income attributable to Autohome Inc.	1,442,830	206,322	1,681,123	1,935,310
Accretion of mezzanine equity	(189,661)	(27,121)	(172,596)	(153,294)
Accretion attributable to noncontrolling interests	131,964	18,870	111,035	98,071
Net income attributable to ordinary shareholders	¥ 1,385,133	$ 198,071	¥ 1,619,562	¥ 1,880,087
Earnings per share attributable to ordinary shareholders:
Basic \| (per share)	¥ 2.95	$ 0.42	¥ 3.34	¥ 3.84
Diluted \| (per share)	¥ 2.93	$ 0.42	¥ 3.33	¥ 3.83
Weighted average number of shares used to compute earnings per share attributable to common stockholders:
Basic	470,186,664	470,186,664	484,945,912	489,952,172
Diluted	472,096,864	472,096,864	486,552,724	491,252,460
Net income	¥ 1,390,122	$ 198,785	¥ 1,623,349	¥ 1,925,409
Other comprehensive income
Foreign currency translation adjustments	(95,890)	(13,712)	52,825	72,936
Comprehensive income	1,294,232	185,073	1,676,174	1,998,345
Comprehensive loss attributable to noncontrolling interests	52,761	7,545	57,699	9,956
Comprehensive income attributable to Autohome Inc.	¥ 1,346,993	$ 192,618	¥ 1,733,873	¥ 2,008,301
ADR [Member]
Earnings per share attributable to ordinary shareholders:
Basic \| (per share)	¥ 11.78	$ 1.69	¥ 13.36	¥ 15.35
Diluted \| (per share)	¥ 11.74	$ 1.68	¥ 13.31	¥ 15.31
Media Services [Member]
Net revenues:
Total net revenues	¥ 1,153,419	$ 164,937	¥ 1,523,075	¥ 1,870,819
Leads Generation Services [Member]
Net revenues:
Total net revenues	2,709,235	387,415	3,135,885	3,111,805
Online Marketplace And Other Service [Member]
Net revenues:
Total net revenues	¥ 2,589,376	$ 370,276	¥ 2,380,627	¥ 2,201,511

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	¥ 1,390,122	$ 198,785	¥ 1,623,349	¥ 1,925,409
Adjustments to reconcile net income to net cash from operating activities:
Depreciation of property and equipment	110,480	15,800	123,647	167,775
Amortization of intangible assets	74,145	10,603	74,334	76,688
Amortization of operating lease assets	88,793	12,697	106,527	108,111
Gain on disposal of property and equipment	(2,901)	(415)	(1,834)	(874)
Provision for credit losses	32,667	4,671	35,293	(24,359)
Share of results of equity method investments	(102,770)	(14,695)	109,094	(29,133)
Fair value change of short-term investments	39,523	5,652	(44,881)	(29,699)
Fair value change of long-term investments	(24,783)	(3,544)	0	0
Share-based compensation	218,974	31,313	192,024	195,092
Deferred income taxes	35,812	5,121	(42,525)	(49,963)
Changes in operating assets and liabilities:
Accounts receivable	(188,638)	(26,976)	77,842	479,943
Amounts due from related parties, current	20,358	2,911	(47,518)	33,205
Prepaid expenses and other current assets	92,716	13,258	(57,086)	(244,111)
Amounts due from related parties, non-current	(6,188)	(885)	12,527	(6,629)
Other non-current assets	(51,331)	(7,340)	(33,673)	(192,988)
Accrued expenses and other payables	(594,277)	(84,980)	(135,027)	366,969
Advance from customers	(8,193)	(1,172)	897	9,332
Deferred revenue	(106,058)	(15,166)	(524,687)	(345,550)
Income tax payable	(102,923)	(14,718)	(42,762)	(23,861)
Amounts due to related parties	(24,511)	(3,505)	13,678	(2,524)
Other liabilities	(1,559)	(223)	(66,084)	38,596
Net cash generated from operating activities	889,462	127,191	1,373,135	2,451,429
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(118,057)	(16,882)	(139,996)	(78,567)
Proceeds from disposal of property and equipment	5,809	831	3,963	921
Purchase of intangible assets	0	0	0	(329)
Purchase of short-term investments	(28,732,370)	(4,108,674)	(21,057,787)	(17,512,173)
Purchase of long-term investments	(2,100,000)	(300,296)	0	0
Maturity of short-term investments	33,096,465	4,732,732	18,142,153	18,590,497
Net cash generated from/(used in) investing activities	2,151,847	307,711	(3,051,667)	1,000,349
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of share options	24	3	2,051	296
Payment of dividends	(1,481,245)	(211,815)	(1,480,752)	(490,990)
Payments for repurchase of ordinary shares	(1,051,983)	(150,432)	(223,062)	(633,799)
Net cash used in financing activities	(2,533,204)	(362,244)	(1,701,763)	(1,124,493)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(40,300)	(5,764)	39,260	(14,612)
Net (decrease)/increase in cash and cash equivalents and restricted cash	467,805	66,894	(3,341,035)	2,312,673
Cash and cash equivalents and restricted cash at beginning of year	1,787,112	255,554	5,128,147	2,815,474
Cash and cash equivalents and restricted cash at end of year	2,254,917	322,448	1,787,112	5,128,147
Supplemental disclosures of cash flow information:
Income tax paid (net of refunds)	187,941	26,875	153,498	159,094
Purchase of fixed assets included in accrued expenses and other payables	16,444	2,351	24,569	35,216
Dividends declared but not paid	976,382	139,621	990,529	984,332
Cash paid for operating lease cost	91,260	13,050	111,042	113,000
Right-of-use assets acquired under operating leases	¥ 60,158	$ 8,602	¥ 15,510	¥ 192,100

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)
Current assets:
Cash and cash equivalents (including related party balances of RMB158,589 and RMB73,415 (US$10,498) as of December 31, 2024 and 2025, respectively)	¥ 2,175,493	$ 311,091	¥ 1,693,597
Restricted Cash (including related party balances of RMB86,809 and RMB74,424 (US$10,642) as of December 31, 2024 and 2025, respectively)	74,424	10,642	88,515
Short-term investments (including related party balances of RMB4,935,177 and RMB2,006,611 (US$286,942) as of December 31, 2024 and 2025, respectively)	17,063,633	2,440,067	21,621,992
Accounts receivable (net of allowance for credit losses of RMB196,819 and RMB222,960 (US$31,883) as of December 31, 2024 and 2025, respectively)	1,521,347	217,550	1,358,849
Amounts due from related parties, current	43,599	6,235	63,957
Prepaid expenses and other current assets	308,733	44,148	336,941
Total current assets	21,187,229	3,029,733	25,163,851
Non-current assets:
Restricted cash, non-current (including related party balances of RMB5,000 and RMB5,000 (US$715) as of December 31, 2024 and 2025, respectively)	5,000	715	5,000
Property and equipment, net	191,063	27,322	204,049
Intangible assets, net	53,669	7,675	127,817
Goodwill	3,941,820	563,672	3,941,820
Long-term equity investments	442,017	63,208	339,247
Other long-term investments	2,124,783	303,840	0
Deferred tax assets	262,622	37,554	308,246
Other non-current assets	90,612	12,957	128,074
Total non-current assets	7,121,295	1,018,331	5,057,774
Total assets	28,308,524	4,048,064	30,221,625
Current liabilities:
Accrued expenses and other payables (including related party balances of current lease liabilities of RMB66,860 and RMB31,885 (US$4,560) as of December 31, 2024 and 2025, respectively)	2,192,496	313,523	2,931,869
Advance from customers	98,083	14,026	106,276
Deferred revenue	170,836	24,429	276,894
Income tax payable	82,000	11,726	185,976
Dividends payable	976,382	139,621	990,529
Total current liabilities (including current liabilities of consolidated VIEs without recourse to Autohome WFOE, Chezhiying WFOE or TTP WFOE of RMB338,455 and RMB346,052 (US$49,484) as of December 31, 2024 and 2025, respectively)	3,533,536	505,290	4,529,794
Non-current liabilities:
Other liabilities (including related party balances of non-current lease liabilities of RMB17,019 and RMB20,545 (US$2,938) as of December 31, 2024 and 2025, respectively)	21,544	3,079	23,103
Deferred tax liabilities	458,266	65,531	468,078
Total non-current liabilities (including non-current liabilities of consolidated VIEs without recourse to Autohome WFOE, Chezhiying WFOE or TTP WFOE of RMB22,661 and RMB8,983 (US$1,284) as of December 31, 2024 and 2025, respectively)	479,810	68,610	491,181
Total liabilities (including total liabilities of consolidated VIEs without recourse to Autohome WFOE, Chezhiying WFOE or TTP WFOE of RMB361,116 and RMB355,035 (US$50,768) as of December 31, 2024 and 2025, respectively)	4,013,346	573,900	5,020,975
Commitments and contingencies
Mezzanine equity:
Convertible redeemable noncontrolling interests	2,121,191	303,326	1,931,529
Shareholders' equity:
Ordinary shares (par value of US$0.0025 per share; 400,000,000,000 ordinary shares authorized; 479,288,580 and 463,038,708 ordinary shares issued and outstanding, as of December 31, 2024 and 2025, respectively)	8,659	1,238	8,659
Additional paid-in capital	8,224,287	1,176,058	8,229,559
Treasury stock	(2,237,944)	(320,022)	(1,523,400)
Accumulated other comprehensive income	399,547	57,134	495,384
Retained earnings	16,646,779	2,380,458	16,741,535
Total Autohome Inc. shareholders' equity	23,041,328	3,294,866	23,951,737
Noncontrolling interests	(867,341)	(124,028)	(682,616)
Total equity	22,173,987	3,170,838	23,269,121
Total liabilities, mezzanine equity and equity	28,308,524	4,048,064	30,221,625
Related Party [Member]
Current assets:
Cash and cash equivalents (including related party balances of RMB158,589 and RMB73,415 (US$10,498) as of December 31, 2024 and 2025, respectively)	73,415	10,498	158,589
Restricted Cash (including related party balances of RMB86,809 and RMB74,424 (US$10,642) as of December 31, 2024 and 2025, respectively)	74,424	10,642	86,809
Short-term investments (including related party balances of RMB4,935,177 and RMB2,006,611 (US$286,942) as of December 31, 2024 and 2025, respectively)	2,006,611	286,942	4,935,177
Amounts due from related parties, current	43,599	6,235	63,957
Non-current assets:
Restricted cash, non-current (including related party balances of RMB5,000 and RMB5,000 (US$715) as of December 31, 2024 and 2025, respectively)	5,000	715	5,000
Amounts due from related parties, non-current	9,709	1,388	3,521
Current liabilities:
Accrued expenses and other payables (including related party balances of current lease liabilities of RMB66,860 and RMB31,885 (US$4,560) as of December 31, 2024 and 2025, respectively)	31,885	4,560	66,860
Amounts due to related parties	13,739	1,965	38,250
Non-current liabilities:
Other liabilities (including related party balances of non-current lease liabilities of RMB17,019 and RMB20,545 (US$2,938) as of December 31, 2024 and 2025, respectively)	¥ 20,545	$ 2,938	¥ 17,019