Autohome's 2024 financial report shows that growth challenges are under great pressure

The 2024 financial report released by Autohome shows that although the number of daily active users on mobile terminals increased by 13.6% year-on-year to 77.48 million, and the new retail business performed strongly, the overall performance is still facing downward pressure. Net income in the fourth quarter was 1.78 billion yuan (down 6.7% year-on-year), and net profit was 320 million yuan (down 28.2% year-on-year); the full-year net income was 7.04 billion yuan (down 2% year-on-year), and the net profit attributable to the parent company was 1.62 billion yuan (down 13.85% year-on-year).