Autohome Inc reported second-quarter 2026 net revenues of RMB1.2 billion, with adjusted net income dropping to RMB277 million from RMB476 million a year earlier. Gross margin improved to 77.1% from 71.4%, but operating profit fell to RMB130 million from RMB297 million. The company completed its USD200 million buyback ahead of schedule and announced a new USD400 million repurchase plan, while also distributing a RMB500 million cash dividend. Autohome cited a challenging auto market, with domestic passenger vehicle retail sales down 20% year-over-year in the first seven months and full-year 2026 sales expected to fall 16%.
Autohome IncRevenue and adjusted net income fell sharply, with operating profit down, though buyback and dividend provide some offset.
