Connect with us

Technology

Autohome Announces 2024 Q3 Earnings: Innovative Business Sees Remarkable Results; New Retail Network Upgrades Fully

Published

on

HONG KONG, Nov. 6, 2024 /PRNewswire/ — Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced its financial results for the third quarter of 2024. The Company reported net revenue of RMB1.77 billion for the quarter, with the online marketplace and others business up 3.1% year-over-year, representing a continuously increasing share of net revenue. Revenue from new energy vehicle (“NEV”) brands continued to grow, up 54% year-over-year, consistently outpacing industry sales growth rates. Adjusted net income attributable to Autohome reached RMB497 million.

The Company’s board of directors has approved a cash dividend of US$1.15 per ADS (or US$0.2875 per ordinary share) payable in US dollars (the “Dividend”) to holders of ADSs and ordinary shares of record as of the close of business on December 31, 2024. The aggregate amount of the Dividend will be approximately RMB1 billion and is expected to be paid to holders of ordinary shares and ADS on or around March 14, 2025 and March 19, 2025, respectively.

Mr. Tao Wu, Chief Executive Officer of Autohome, stated, “In the third quarter, we made substantial progress in advancing our integrated online-to-offline ecosystem strategy, further optimizing our business structure. On the online front, we are leveraging our professional content and product matrix to strengthen our differentiated competitive advantages, resulting in a continuous increase in the scale of our user base. According to QuestMobile, our average mobile daily active users grew by 5.6% year-over-year, reaching 72.87 million in September, highlighting our expanding influence within the automotive community. Looking at our offline offerings, our franchise stores—Autohome Space—and satellite stores have accelerated their penetration into lower-tier cities, creating a robust network that enhances our offline presence. Additionally, our collaboration with Ping An Group has reached new milestones with the introduction of a series of new and innovative products and services across our traditional businesses, data products, used cars, and aftermarket business lines. This collaboration has further strengthened our unique offerings in these areas.”

Mr. Craig Yan Zeng, Chief Financial Officer of Autohome, added, “The innovative new businesses we have been deploying are beginning to deliver results, driving growth in our online marketplace and others business lines this quarter. Notably, revenues from NEV brands have once again outpaced the sales growth of the broader industry. We remain committed to maximizing shareholder value through our ongoing dividend and share repurchase programs. Looking ahead, we will continue to expand our footprint across the automotive sector while further enhancing operational efficiency in each of our business lines to ensure long-term sustainable value for our shareholders.”

About Autohome

Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. According to QuestMobile, in September 2024, the average mobile DAUs reached 72.87 million with an increase of 5.6% year-over-year. Its mission is to engage, educate and inform consumers about everything auto. Autohome provides occupationally generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company’s dealer subscription and advertising services allow dealers to market their inventory and services through Autohome’s platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its “Autohome Mall,” a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services.

For further information, please visit: https://www.autohome.com.cn/about/index.html

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/autohome-announces-2024-q3-earnings-innovative-business-sees-remarkable-results-new-retail-network-upgrades-fully-302297443.html

SOURCE Autohome

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Less Than 15 Days to Go: ITWA@VIETNAM 2026 to Bring Asia’s Smart Manufacturing Supply Chain to Hanoi

Published

on

By

HANOI, Vietnam, July 22, 2026 /PRNewswire/ — With less than 15 days remaining, Industrial Technology World Asia @ Vietnam (ITWA@VIETNAM 2026) is preparing to welcome global manufacturers, technology innovators and industrial buyers to the Vietnam Exposition Center (VEC), Hanoi, from August 5–7, 2026.

As Vietnam continues to strengthen its position as one of Asia’s fastest-growing manufacturing hubs, ITWA@VIETNAM 2026 will serve as a strategic sourcing and technology platform connecting international solution providers with Vietnam’s rapidly expanding electronics, automation and advanced manufacturing industries.

Covering 10,000 square meters, the exhibition is expected to feature over 500 exhibitors and attract more than 10,000 professional visitors, showcasing innovations across electronics manufacturing, SMT, automation, smart manufacturing, functional films, industrial tapes and adhesives, advanced materials, machine vision, robotics, electronic components, laser processing and precision die-cutting technologies.

A One-Stop Platform for Industrial Technology Sourcing

Designed to support manufacturers seeking production upgrades and supply chain diversification, ITWA@VIETNAM 2026 offers a comprehensive sourcing platform where visitors can discover new technologies, evaluate equipment, compare suppliers and establish long-term business partnerships.

The exhibition will be co-located with five specialized industry events:

NEPCON ASIA @VietnamFILM & TAPE VIETNAM 2026ADHESIVES & CHEMICALS VIETNAM 2026VISION+ROBOT VIETNAM 2026Asia Electronics Sourcing Show

Together, these exhibitions create one of Vietnam’s most comprehensive industrial sourcing platforms, bringing together the complete supply chain for electronics manufacturing, automation, precision processing and advanced materials.

Industry Leaders to Share Future Manufacturing Strategies

Alongside the exhibition, ITWA@VIETNAM 2026 will host a series of high-level conferences where policymakers, manufacturers, technology providers and industry experts will explore the future of intelligent manufacturing.

Featured conferences include:

VIETNAM ELECTRONIC FORUM LED BY ARTIFICIAL INTELLIGENCE: The New Era of Global Supply ChainsSmart Manufacturing and Supporting Industries Forum 2026Die-Cutting Goes Global • Embracing the Future – Die-Cutting Industry Leaders Roundtable Summit

Discussions will focus on artificial intelligence, smart factories, semiconductor supply chains, industrial automation, precision manufacturing, sustainability and digital transformation, providing manufacturers with practical insights into the next phase of industrial development.

Technical Learning Meets Business Matchmaking

Beyond product demonstrations, ITWA@VIETNAM 2026 emphasizes practical knowledge exchange through technical training and professional competitions, including the VIETNAM HAND SOLDERING COMPETITION 2026 – NORTHERN REGION and Die-Cutting Masterclass: Flatbed & Rotary Machine Hands-on.

Visitors will also have opportunities to observe live equipment demonstrations, production optimization techniques and maintenance best practices designed to improve manufacturing efficiency and product quality.

To maximize sourcing efficiency, the exhibition’s Targeted Attendee Program (TAP) will arrange tailored business matchmaking between qualified buyers and carefully selected exhibitors, helping manufacturers identify suitable suppliers and accelerate purchasing decisions.

Bringing Together Global Industry Leaders

ITWA@VIETNAM 2026 has attracted strong interest from leading manufacturers across electronics, automotive, consumer electronics, semiconductor and industrial equipment sectors. Professionals from OEMs, EMS providers, factories, R&D centers and procurement departments are expected to attend, making the event an important meeting point for Southeast Asia’s manufacturing community.

In addition to business networking sessions and VIP buyer services, eligible visitor groups can enjoy complimentary shuttle transportation, while all attendees can experience interactive robotics demonstrations showcasing the latest intelligent manufacturing technologies.

Register Now for Free Ticket

With Vietnam continuing to attract investment in electronics, semiconductors, new energy and advanced manufacturing, ITWA@VIETNAM 2026 provides an ideal platform for companies seeking new technologies, strategic suppliers and business opportunities across Southeast Asia.

Connecting the full value chain of electronics, automation and precision processing industries, ITWA@VIETNAM 2026 will be co-located alongside five concurrent flagship industry events: NEPCON ASIA @Vietnam, FILM & TAPE VIETNAM 2026, ADHESIVES & CHEMICALS VIETNAM 2026, VISION+ROBOT VIETNAM 2026 and Asia Electronics Sourcing Show. Jointly, these events facilitate cross-border technical exchanges and business collaboration, driving the intelligent upgrading of Southeast Asia’s manufacturing sector. Don’t miss Vietnam’s flagship industrial and manufacturing event — ITWA@VIETNAM 2026 this summer!

For more information, please visit: https://vietnam.itwa-asia.com/vn.html

View original content:https://www.prnewswire.com/apac/news-releases/less-than-15-days-to-go-itwavietnam-2026-to-bring-asias-smart-manufacturing-supply-chain-to-hanoi-302831500.html

SOURCE Industrial Technology World Asia Vietnam

Continue Reading

Technology

Less Than 15 Days to Go: ITWA@VIETNAM 2026 to Bring Asia’s Smart Manufacturing Supply Chain to Hanoi

Published

on

By

HANOI, Vietnam, July 22, 2026 /PRNewswire/ — With less than 15 days remaining, Industrial Technology World Asia @ Vietnam (ITWA@VIETNAM 2026) is preparing to welcome global manufacturers, technology innovators and industrial buyers to the Vietnam Exposition Center (VEC), Hanoi, from August 5–7, 2026.

As Vietnam continues to strengthen its position as one of Asia’s fastest-growing manufacturing hubs, ITWA@VIETNAM 2026 will serve as a strategic sourcing and technology platform connecting international solution providers with Vietnam’s rapidly expanding electronics, automation and advanced manufacturing industries.

Covering 10,000 square meters, the exhibition is expected to feature over 500 exhibitors and attract more than 10,000 professional visitors, showcasing innovations across electronics manufacturing, SMT, automation, smart manufacturing, functional films, industrial tapes and adhesives, advanced materials, machine vision, robotics, electronic components, laser processing and precision die-cutting technologies.

A One-Stop Platform for Industrial Technology Sourcing

Designed to support manufacturers seeking production upgrades and supply chain diversification, ITWA@VIETNAM 2026 offers a comprehensive sourcing platform where visitors can discover new technologies, evaluate equipment, compare suppliers and establish long-term business partnerships.

The exhibition will be co-located with five specialized industry events:

NEPCON ASIA @VietnamFILM & TAPE VIETNAM 2026ADHESIVES & CHEMICALS VIETNAM 2026VISION+ROBOT VIETNAM 2026Asia Electronics Sourcing Show

Together, these exhibitions create one of Vietnam’s most comprehensive industrial sourcing platforms, bringing together the complete supply chain for electronics manufacturing, automation, precision processing and advanced materials.

Industry Leaders to Share Future Manufacturing Strategies

Alongside the exhibition, ITWA@VIETNAM 2026 will host a series of high-level conferences where policymakers, manufacturers, technology providers and industry experts will explore the future of intelligent manufacturing.

Featured conferences include:

VIETNAM ELECTRONIC FORUM LED BY ARTIFICIAL INTELLIGENCE: The New Era of Global Supply ChainsSmart Manufacturing and Supporting Industries Forum 2026Die-Cutting Goes Global • Embracing the Future – Die-Cutting Industry Leaders Roundtable Summit

Discussions will focus on artificial intelligence, smart factories, semiconductor supply chains, industrial automation, precision manufacturing, sustainability and digital transformation, providing manufacturers with practical insights into the next phase of industrial development.

Technical Learning Meets Business Matchmaking

Beyond product demonstrations, ITWA@VIETNAM 2026 emphasizes practical knowledge exchange through technical training and professional competitions, including the VIETNAM HAND SOLDERING COMPETITION 2026 – NORTHERN REGION and Die-Cutting Masterclass: Flatbed & Rotary Machine Hands-on.

Visitors will also have opportunities to observe live equipment demonstrations, production optimization techniques and maintenance best practices designed to improve manufacturing efficiency and product quality.

To maximize sourcing efficiency, the exhibition’s Targeted Attendee Program (TAP) will arrange tailored business matchmaking between qualified buyers and carefully selected exhibitors, helping manufacturers identify suitable suppliers and accelerate purchasing decisions.

Bringing Together Global Industry Leaders

ITWA@VIETNAM 2026 has attracted strong interest from leading manufacturers across electronics, automotive, consumer electronics, semiconductor and industrial equipment sectors. Professionals from OEMs, EMS providers, factories, R&D centers and procurement departments are expected to attend, making the event an important meeting point for Southeast Asia’s manufacturing community.

In addition to business networking sessions and VIP buyer services, eligible visitor groups can enjoy complimentary shuttle transportation, while all attendees can experience interactive robotics demonstrations showcasing the latest intelligent manufacturing technologies.

Register Now for Free Ticket

With Vietnam continuing to attract investment in electronics, semiconductors, new energy and advanced manufacturing, ITWA@VIETNAM 2026 provides an ideal platform for companies seeking new technologies, strategic suppliers and business opportunities across Southeast Asia.

Connecting the full value chain of electronics, automation and precision processing industries, ITWA@VIETNAM 2026 will be co-located alongside five concurrent flagship industry events: NEPCON ASIA @Vietnam, FILM & TAPE VIETNAM 2026, ADHESIVES & CHEMICALS VIETNAM 2026, VISION+ROBOT VIETNAM 2026 and Asia Electronics Sourcing Show. Jointly, these events facilitate cross-border technical exchanges and business collaboration, driving the intelligent upgrading of Southeast Asia’s manufacturing sector. Don’t miss Vietnam’s flagship industrial and manufacturing event — ITWA@VIETNAM 2026 this summer!

For more information, please visit: https://vietnam.itwa-asia.com/vn.html

View original content:https://www.prnewswire.com/apac/news-releases/less-than-15-days-to-go-itwavietnam-2026-to-bring-asias-smart-manufacturing-supply-chain-to-hanoi-302831500.html

SOURCE Industrial Technology World Asia Vietnam

Continue Reading

Technology

Wistron Celebrates Grand Opening of First U.S. Smart Factory Marking Milestone in Global Smart Manufacturing Strategy

Published

on

By

FORT WORTH, Texas, July 21, 2026 /PRNewswire/ — Wistron Corporation (“Wistron”) celebrated the grand opening of its D1 AI smart facility in Fort Worth, Texas, the site where the first NVIDIA GB300 Grace Blackwell Ultra Superchip was built and mass-produced in the United States. The US$ 700 million facility, spanning approximately 324,000 square foot, was officially unveiled during a ceremony led by Wistron Chairman Simon Lin and NVIDIA Founder and CEO Jensen Huang. Jessica Rogers, Director of the Economic Development Department for the City of Fort Worth, and Alexander Tah-ray Yui, Taiwan’s Representative to the United States, were among the government officials and business leaders who attended, marking a milestone in the expansion of Wistron’s global footprint and advanced manufacturing capabilities.

This is a key hub in Wistron’s global AI infrastructure manufacturing network. The facility runs on NVIDIA accelerated computing and integrates NVIDIA’s Nemotron and Cosmos open frontier models and Omniverse and Metropolis libraries, using digital twin technology to optimize factory design, production workflows, and operational efficiency. It is Wistron’s first U.S.-based manufacturing facility, established to serve customers locally and produce NVIDIA’s most advanced and cutting-edge products. Wistron Chairman Simon Lin said “The operation here is not typical manufacturing. It is new, very comprehensive, and high-tech. Right now we produce the NVIDIA GB300 Grace Blackwell Ultra Superchip, and beyond, we are also going to produce the NVIDIA Vera Rubin Superchip here. In the next couple of years, this location will be one of the most important, as we build AI infrastructure here in the United States. I think this is the reason we say that there will be the next chapter, and we are going to empower AI from Texas.”

Responding to Customer Needs: Texas, the Newest Global Manufacturing Hub
At this pivotal moment for global AI infrastructure, Wistron is drawing on decades of global manufacturing experience to expand its footprint in Texas, a state with a well-established ecosystem for logistics, talent recruitment, and advanced manufacturing. The new D1 facility produces the NVIDIA GB300 Grace Blackwell Ultra Superchip and soon, the NVIDIA Vera Rubin Superchip — critical to powering the next generation of AI computing. The new Fort Worth facility strengthens a critical upstream layer of the AI infrastructure supply chain by expanding domestic capacity to assemble and test NVIDIA AI systems. These servers can be integrated into NVIDIA DSX infrastructure, with DSX providing the common architecture and technologies needed to deploy and operate energy-efficient AI factories at scale.

One-Stop Operational Ecosystem Strengthens U.S. AI Supply Chain Resilience
Behind every breakthrough in AI computing lies the manufacturing capability to scale it. Wistron is expanding its AI server production capabilities from Taiwan to the United States, guided by a vision of precision, efficiency, and sustainability. This reflects a broader industry shift: AI leadership is determined not only by technological breakthroughs, but also by the operational capability to transform innovation into high-volume production with consistent quality, supply chain resilience, and predictable delivery. By establishing AI infrastructure manufacturing capacity in the United States, Wistron is building a one-stop operational ecosystem spanning manufacturing and after-sales service — shortening delivery timelines and customer support cycles, strengthening supply chain resilience, and laying the foundation for long-term competitive advantage as AI infrastructure continues to scale.

Partnering with NVIDIA to Pioneer a New Model for Smart Manufacturing and Energy Optimization
As the era of physical AI begins, Wistron is extending its smart manufacturing capabilities to the United States, creating a new model for AI infrastructure production built on digital manufacturing, energy optimization, and local operations. Jensen Huang said: “The largest infrastructure buildout in history is underway. Demand for AI factories—the engine of this next industrial revolution—is incredible, and they must be produced everywhere. Together, NVIDIA and Wistron are restoring US advanced manufacturing capacity in Texas, creating skilled jobs and strengthening America’s AI supply chain.” As demand for advanced manufacturing grows in Texas, smarter planning of production loads and energy use will give the plant greater control and flexibility over its electricity needs.

Turning Global Experience into Scalable AI Infrastructure
Simon Lin stressed that the speed the AI era demands comes with its own responsibility. “In the AI era, the pressure of speed is also a form of responsibility,” Lin said. “We don’t just need to build fast; we need to build right.”

The Fort Worth plant will serve as the core engine of Wistron’s U.S. manufacturing operations, the company said, connecting its global production network with ecosystem partners as it scales advanced AI manufacturing. Wistron said that the investment reflects efforts to deepen its technical capabilities, strengthen the resilience and efficiency of global supply chains, and support the next phase of AI infrastructure development.

About Wistron:
Wistron Corporation is a leading global technology service provider delivering advanced ICT products, AI infrastructure, and manufacturing solutions to technology brands worldwide. With more than 63,000 employees across North America, Europe, and Asia, Wistron continues to expand its AI, cloud, and advanced manufacturing capabilities to support the next generation of intelligent computing. For more information about Wistron, please visit the official website at www.wistron.com. Additional information about the event is available on the event website.

Media Contact:
Joyce WL Chou
joyce_wl_chou@wistron.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wistron-celebrates-grand-opening-of-first-us-smart-factory-marking-milestone-in-global-smart-manufacturing-strategy-302831439.html

SOURCE Wistron Corporation

Continue Reading

Trending