Earnings release
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汽车 之 家 AUTOHOME INC . Autohome Inc. Announces Unaudited 2021 Third Quarter Financial Results and US $ 200 Million Share Repurchase Program BEIJING , November 18 , 2021 Autohome Inc. ( NYSE : ATHM ; HKEX : 2518 ) ( " Autohome " or the " Company " ) , the leading online destination for automobile consumers in China , today announced its unaudited financial results for the third quarter ended September 30 , 2021 and its US $ 200 million share repurchase program . Third Quarter 2021 Highlights ¹ Net Revenues in the third quarter of 2021 were RMB1,763.8 million ( $ 273.7 million ) , compared to RMB2,315.6 million in the corresponding period of 2020. Online Marketplace and Others Revenues in the third quarter of 2021 were RMB561.2 million ( $ 87.1 million ) , representing an increase of 2.5 % year- over- year . ● Net Income attributable to Autohome Inc. in the third quarter of 2021 was RMB521.7 million ( $ 81.0 million ) , compared to RMB846.7 million in the corresponding period of 2020 and net income attributable to Ordinary Shareholders in the third quarter of 2021 was RMB511.0 million ( $ 79.3 million ) , compared to RMB846.7 million in the corresponding period of 2020 . Adjusted Net Income attributable to Autohome Inc. ( Non - GAAP ) 2 in the third quarter of 2021 was RMB583.2 million ( $ 90.5 million ) , compared to RMB901.8 million in the corresponding period of 2020 . Share Repurchase Program On November 18 , 2021 , Autohome's Board of Directors authorized a share repurchase program under which the Company may repurchase up to US $ 200 million of its American depositary shares over the next twelve months . The Company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices , in privately negotiated transactions , in block trades and / or through other legally permissible means , depending on the market conditions and in accordance with applicable rules and regulations . The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b - 18 and / or Rule 10b5-1 requirements . The Company's Board of Directors will review the authorized share repurchase program periodically , and may authorize adjustment of its terms and size or suspend or discontinue the program . The Company plans to fund repurchases from its existing cash balance . ¹ The reporting currency of the Company is Renminbi ( " RMB " ) . For the convenience of readers , certain amounts throughout the release are presented in US dollars ( " $ " ) . Unless otherwise noted , all conversions from RMB to US $ are translated at the noon buying rate of US $ 1.00 to RMB6.4434 on September 30 , 2021 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York . No representation is made that the RMB amounts could have been , or could be , converted into US $ at such rate . 2 For more information on this and other non - GAAP financial measures , please see the section captioned " Use of Non - GAAP Financial Measures " and the tables captioned " Reconciliations of Non - GAAP and GAAP Results " set forth at the end of this release . 1