Autohome Inc ADR

ATHM: XNYS (USA)
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Autohome Earnings: In Line; New Retail Sales Offset Weak Advertising Revenue and Sluggish Margin

Autohome’s second quarter saw declining advertising revenue, offline store expansion, and rising content investment that led to a 10-percentage-point drop in gross margin and a 22% slump in the quarter’s net profit from last year.

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