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Product development expenses were RMB313.0 million (US$43.2 million) in the second quarter of 2023,
compared to RMB362.2 million in the corresponding period of 2022. The decrease was primarily attributable to a decline in personnel-related expenses. Share-based compensation expense included in product
development expenses in the second quarter of 2023 was RMB18.7 million (US$2.6 million), compared to RMB11.6 million in the corresponding period of 2022. |
Operating Profit
Operating profit was
RMB341.5 million (US$47.1 million) in the second quarter of 2023, compared to RMB301.3 million in the corresponding period of 2022.
Income
Tax Expense
There was an income tax expense of RMB35.8 million (US$4.9 million) in the second quarter of 2023, compared to RMB34.1 million
in the corresponding period of 2022.
Net Income Attributable to Autohome
Net income attributable to Autohome was RMB504.7 million (US$69.6 million) in the second quarter of 2023, compared to RMB435.0 million in the
corresponding period of 2022.
Net Income Attributable to Ordinary Shareholders and Earnings per Share/ADS
Net income attributable to ordinary shareholders was RMB491.2 million (US$67.7 million) in the second quarter of 2023, compared to RMB423.4 million
in the corresponding period of 2022. Basic and diluted earnings per share (EPS) were RMB1.00 (US$0.14) and RMB1.00 (US$0.14), respectively, in the second quarter of 2023, compared to basic and diluted EPS of RMB0.85 and RMB0.84,
respectively, in the corresponding period of 2022. Basic and diluted earnings per ADS were RMB3.99 (US$0.55) and RMB3.98 (US$0.55), respectively, in the second quarter of 2023, compared to basic and diluted earnings per ADS of RMB3.38 and RMB3.38,
respectively, in the corresponding period of 2022.
Adjusted Net Income Attributable to Autohome (Non-GAAP) and
Non-GAAP EPS/ADS
Adjusted net income attributable to Autohome
(Non-GAAP) was RMB569.5 million (US$78.5 million) in the second quarter of 2023, compared to RMB472.2 million in the corresponding period of 2022. Non-GAAP
basic and diluted EPS were RMB1.16 (US$0.16) and RMB1.15 (US$0.16), respectively, in the second quarter of 2023, compared to non-GAAP basic and diluted EPS of RMB0.94 and RMB0.94, respectively, in the
corresponding period of 2022. Non-GAAP basic and diluted earnings per ADS were RMB4.62 (US$0.64) and RMB4.61 (US$0.64), respectively, in the second quarter of 2023, compared to
non-GAAP basic and diluted earnings per ADS of RMB3.77 and RMB3.77, respectively, in the corresponding period of 2022.
Balance Sheet and Cash Flow
As of June 30, 2023,
the Company had cash and cash equivalents and short-term investments of RMB23.34 billion (US$3.22 billion). Net cash provided by operating activities in the second quarter of 2023 was RMB522.0 million (US$72.0 million).
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