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汽車之家
Autohome
COMPANY PROFILE

Autohome is an online destination for automobile consumers in China, ranking first among automotive service platforms in terms of mobile daily active users as of December 31, 2020 according to QuestMobile. Through its two websites, autohome.com.cn and che168.com, it delivers comprehensive, independent and interactive content and tools to automobile consumers as well as a full suite of services to automakers and dealers across the auto value chain.

According to iResearch, the Group was the largest online automotive advertising and leads generation service provider with a 29.9% market share, in terms of media services and leads generation revenue, in China's online auto vertical media advertising and leads generation market in 2019. The Group generates revenues from media services, leads generation services and online marketplace and others.

The Group began in 2008 as a content-led vertical media company focusing on media services. In 2016, it launched "4+1" strategic transformation initiative, building a platform that covers "auto contents," "auto transactions," "auto financing" and "auto lifestyle" to transform and upgrade from a content-led vertical company to a data and technology-driven automotive platform.

Since 2018, it has focused on developing a full suite of intelligent products and solutions with artificial intelligence ("AI"), big data and cloud technologies (collectively, "ABC") to build an integrated ecosystem that connects all participants in the auto industry by providing end-toend data-driven products and solutions across the value chain. Going forward, it plans to continue leveraging "software as a service" (SaaS) capabilities together with its core AI, big data, and cloud technologies to expand both horizontally and vertically.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureSoftware & Services
Websiteir.autohome.com.cn
Board Lot100
Registrar & Transfer OfficeComputershare Hong Kong Investor Services
GLOBAL OFFERING
No. of Offer Shares30.29m shares(20.19m new / 10.10m existing shares)
No. of International Offer Shares27.26m shares(17.17m new / 10.10m existing shares)
No. of HK Offer Shares3.03m shares
Maximum Offer Price$251.80
Nominal ValueUS$ 0.0025 each
Stock Code2518
Sponsor(s)China International Capital Corporation Hong Kong Securities Limited; Goldman Sachs (Asia) L.L.C.; Credit Suisse (Hong Kong) Limited
Underwriter(s)China International Capital Corporation Hong Kong Securities Limited; Goldman Sachs (Asia) L.L.C.; Credit Suisse (Hong Kong) Limited; The Hongkong and Shanghai Banking Corporation Limited; Deutsche Bank AG, Hong Kong Branch; Haitong International Securities Company Limited; China PA Securities (Hong Kong) Company Limited; ABCI Securities Company Limited
TIME TABLE
Application PeriodMar 5 (Fri) - Noon, Mar 9 (Tue)
Price Determination DateOn or Before 5pm, Mar 9 (Tue)
Result Announcement DateOn or Before Mar 12 (Fri)
Dispatch of Shares and Refund ChequesOn or Before Mar 12 (Fri)
Dealings in Shares commence onMar 15, 2021. (Mon)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
DirectorsQuan Long (Chairman), Dong Liu, Jing Xiao, Zheng Liu
Independent DirectorsJunling Liu, Tianruo Pu, Dazong Wang
MAJOR SHAREHOLDERS
Yun Chen Capital44.50%
Entities Affiliated with Kayne Anderson9.50%
INCOME STATEMENT (RMB'000)
(Year ended Dec 31)
202020192018
Revenue8,658,5598,420,7517,233,151
Gross Profit7,697,3897,460,4596,412,863
Pre-Taxed Profit3,668,5123,701,0063,241,421
Attributable Profit for the period3,405,2293,199,9662,871,015
Dividends000
EPS - Basic (cents)0.000.000.00
OFFER STATISTICS (HK$)
Offer Price$251.80
Capitalization$127,120m
Unaudited pro forma adj NAV / share$45.46
USE OF PROCEEDS
Assuming the maximum offer price at $251.80, the net proceeds raised would be HK$4,943.8m, of which:
* $1,483.1m (30.0%) to invest in technology in AI, big data, and cloud, as well as AR- and VR-related technologies, to strengthen user engagement, monetization capabilities and operational efficiencies;
* $1,483.1m (30.0%) to further incubate new businesses, such as Internet of vehicles and online automotive aftermarket services;
* $1,483.1m (30.0%) to enhance domestic and overseas presence and develop an automotive ecosystem: exploring geographical expansion to overseas markets is part of long-term strategy; and
* the balance of $494.5m (10.0%) as additional working capital.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
00699CAR INCdown3.960-0.030-0.752%
01490CHESHIup1.3700.0100.735%
02518AUTOHOME-Sup182.0002.2001.224%
02858YIXINdown2.580-0.020-0.769%
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
  Quote data is at least 15-min delayed,last updated: 14/04/2021 10:17
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