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Stock impact report

Autohome Shifts Into Higher Gear With NEVs And Immersive Tech [Seeking Alpha]

Autohome Inc. American Depositary Shares, each representing four class A ordinary shares. (ATHM) 
Last autohome inc. american depositary shares, each representing four class a ordinary shares. earnings: 2/19 05:00 am Check Earnings Report
US:NYSE Investor Relations: ir.autohome.com.cn
Company Research Source: Seeking Alpha
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. China's accelerating car market has put online trader Autohome Inc. ( NYSE: ATHM ; 2518.HK) on the road to a post-Covid recovery, with some bumps along the way. Government measures to boost auto consumption, backed by promotions from manufacturers, powered a 5.6% rise in Chinese passenger car sales last year to 21.7 million units, according to vehicle industry statistics. The jump was nearly triple the 1.9% rise in 2022, making China the world's biggest auto market. Rising car ownership has added fuel to Autohome's business as an auto trading portal, with sales increasingly driven by new energy vehicles (NEVs). The company logged a fifth straight quarter of revenue growth at the end of 2023, although the rise was modest. Its latest show revenue reached 1.91 billion yuan ($269 million) in the fourth quarter, a year-on-y Show less Read more
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