Autohome reports Q1 FY24 revenues of RMB1,609.1M, beating consensus of $220.6M. Adjusted net income of RMB493.9M. CEO highlights user growth and expansion of new businesses.
Key Takeaways:
Autohome’s profits rose about 4% last year to 1.88 billion yuan
The trading platform’s sales of new energy vehicles are soaring, jumping nearly 82% last year
By Fai Pui
Autohome shares surge over 11% after Q4 earnings report, with strong adjusted earnings and cash reserves. Autohome closed out the year with solid growth in total revenues, substantial increase in user traffic and significant progress in the new retail business.
Autohome Inc. (NYSE:ATHM, HKEX: 2518)))) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced that Mr. Quan Long has stepped down from his position as the chief
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