Autohome Inc

Autohome Inc. authorized a new $400 million share repurchase program after reporting a 31.9% year-over-year decline in second-quarter revenue to RMB1.20 billion, with operating profit down 56.2% to RMB130.0 million. The company completed its prior $200 million buyback, which repurchased 10.63 million ADSs, and had already spent $43.6 million under the new authorization as of August 14. Revenue declines were steepest in online marketplace and other services, down 52.1% to RMB357.3 million, and lead-generation services, down 23.5% to RMB560.4 million, while media services stayed nearly flat at RMB280.4 million. Net income attributable to Autohome fell 40.4% to RMB247.8 million, and adjusted net income decreased 41.7% to RMB277.3 million. The company ended June with $2.68 billion in cash and short-term investments, exceeding its roughly $2.5 billion market value, but the buyback's effectiveness depends on whether business erosion moderates.

Autohome Inc. announced that all proposed resolutions were adopted at its 2025 annual general meeting held in Beijing. A special resolution was passed to amend and restate the company's memorandum and articles of association, replacing the seventh version with the eighth. Ordinary resolutions were also adopted to re-elect Chi Liu, Haishan Liang, Cuimei Zhang, Shenglei Zhou, and Xing Fang as directors, and to authorize each director to take necessary actions to implement the resolutions.