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Autohome Inc Class A ( (HK:2518) ) has issued an update.
Autohome Inc. announced its unaudited financial results for the fourth quarter and full year of 2024, revealing a decrease in net revenues and income compared to the previous year. The company reported fourth-quarter net revenues of RMB1,783.4 million and a full-year revenue of RMB7,039.6 million, reflecting a slight decline from 2023 figures. Net income attributable to Autohome for the full year was RMB1,681.1 million, down from RMB1,935.3 million in 2023. The company also reported a share repurchase of 3,289,520 ADSs at a cost of approximately US$88.5 million, indicating strategic financial management.
More about Autohome Inc Class A
Autohome Inc. is a leading online destination for automobile consumers in China. The company is incorporated in the Cayman Islands with limited liability and is listed on both the New York Stock Exchange and the Hong Kong Stock Exchange.
YTD Price Performance: 11.21%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.6B
See more insights into 2518 stock on TipRanks’ Stock Analysis page.
