Autohome-S (02518) rose by more than 5%, as of the time of publication, it rose by 4.82% to 53.35 Hong Kong dollars, and the total market value approached HKD 26 billion.
According to the Wisdom Wealth App, Autohome-S (02518) rose by more than 5%, as of the time of publication, it rose by 4.82% to 53.35 Hong Kong dollars, and the total market value approached HKD 26 billion.
China Securities Co., Ltd. previously stated that in the first quarter of 2024, the company achieved a revenue of 1.609 billion yuan, a year-on-year increase of 4.92%, achieved an adjusted net income of 494 million yuan, a year-on-year increase of 2.16%, with a corresponding net profit margin of 30.7%. The income and profit both exceeded expectations. QuestMobile data showed that the daily average number of mobile users on Autohome in March reached 69.39 million, an increase of 8.1% over the same period in 2023.
The bank stated that the company's revenue maintained steady growth, with strong growth in new energy related income; the expense ratio increased slightly, but the overall profit margin remained stable. In addition, on May 11th, the company announced a mid-term dividend totaling RMB 500 million. Considering the company's ample net cash and sufficient ability to return to shareholders in the future, it is expected to become an important support for the company's stock price.