Autohome Inc. American Depositary Shares, each representing four Class A Ordinary Shares 2026 Q2 Earnings Call

Thank you, operator. Hello, everyone, and welcome to Autohome Second Quarter and Interim 2026 Earnings Conference Call. Earlier today, Autohome distributed its earnings release, which can be found on the company's IR website at ir.autohome.com.cn. Joining me on today's call is our Chief Financial Officer, Mr. Craig Zeng. Management will go through the prepared remarks first, which will be followed by a Q&A session where they will be available to answer all your questions. Before we begin, please note that today's discussion contains forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations.

Potential risks and uncertainties include, but are not limited to, those outlined in our public filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. Autohome undertakes no obligation to update any forward-looking statements except as required under applicable laws. Please also note that Autohome's earnings press release and today's conference call include discussions of certain audited non-GAAP financial measures. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures can be found in our earnings release. I will now turn the call over to Autohome's CFO, Mr. Craig Zeng, for opening remarks. Mr. Zeng, please go ahead.

谢谢宋侃。大家好，我是汽车之家的首席财务官曾岩，感谢大家参加我们今天的电话会议。 Thank you, Sterling. Hello, everyone.

This is Craig Zeng, Chief Financial Officer of Autohome. Thank you for joining our earnings conference call today.

第二季度，我们的创新业务持续推进落地，推动了汽车之家向一站式汽车生态服务平台的平稳升级。新零售业务领域，在授权经销商模式启动试运营，并扩展到更多城市的基础上，我们推出了线下加盟连锁品牌——家家好车，进一步拓展线下服务网络。此外，二手车的全球化交易布局也在稳步推进中。7月份，跨境出口服务平台完成了首单交易，为之家未来拓展服务能力积累了宝贵经验。 In the second quarter, our innovative business continued to make steady progress, driving Autohome's upgrade towards a comprehensive automotive service ecosystem.

For our new retail business, with the authorized dealer model in pilot operation and expanding into more cities, we launched the offline franchise chain brand, Autohome Good Car, further expanding our offline service network. In addition, our global expansion into used car trading is advancing steadily. Our cross-border export platform completed its first transaction in July, providing valuable experience to further expand our service capabilities.

我们在人工智能领域，特别是在前沿智能体技术方面也取得重要进展。7月初，之家旗下自研智能体产品知识车管家启动公测。作为汽车行业首款独立的智能体产品，这不仅是对智能化应用的全新探索，更是之家丰富产品矩阵建立差异化竞争力的重要里程碑。 We also made major strides in AI, particularly in cutting-edge AI agent technology.

In early July, we unveiled our proprietary intelligent agent product, Cheese Car Butler, and opened it for public beta. As the automotive industry's first standalone agent product, it represents not only a pioneering exploration of intelligent applications, but also a key milestone in enriching our product portfolio and establishing a differentiated competitive edge for us.

具体来看，二季度我们在内容、产品和流量联盟等方面均取得了扎实进展。内容上，5月份我们与工信部新闻宣传中心联合打造的年度IP，中国智造探索计划上线。全年将陆续推出六期节目，覆盖低空产业、智能座舱、智能驾驶及具身智能等科技热点。首期聚焦飞行汽车，通过沉浸式一线制造探访，青年视角的创新叙事，将硬核科技转化为年轻用户听得懂、感兴趣的内容，这也是之家品牌焕新之后的一次内容焕新尝试。节目上线后即引爆社媒热议，获得了超过20家权威媒体报道，全网曝光超过7,000万。产品端，我们上线了智驾频道，系统梳理了近200款主流车型的智驾能力图谱，帮助用户看懂智驾差异，高效选车。 Specifically, in the second quarter, we made solid progress across content offerings, product capabilities, and traffic alliances.

On content, in May, we launched our annual IP, China Intelligent Manufacturing Exploration Plan, jointly created with the News and Publicity Center of the Ministry of Industry and Information Technology. Six episodes will be released throughout the year, covering exciting technological trends including the low-altitude industry, intelligent cockpits, intelligent driving and embodied AI. The premier episode focuses on flying cars, combining immersive visits to the front lines of intelligent manufacturing with a fresh, innovative youth-oriented storytelling perspective to make cutting-edge technologies more relatable and engaging for younger users. This series also marks our first major content initiative following Autohome's brand refresh. At its launch, the program sparked lively discussion on social media, was covered by over 20 leading media outlets, and generated over 70 million views across various platforms.

On the product side, we launched our intelligent driving channel, which systematically profiles the intelligent driving capabilities of nearly 200 mainstream models and provides easy comparisons to help users understand differences across models and choose cars efficiently.

此外，我们持续推进多平台、多场景的流量生态协同。以6月与支付宝的合作为例，之家小程序独家为支付宝车生活频道提供全场景服务，针对首购、增购及换购人群进行差异化内容匹配。根据QuestMobile的数据，汽车之家6月移动端日均用户量同比稳中有升，达到7,650万。 In addition, we continue to advance collaboration across our multi-platform, multi-scenario traffic ecosystem.

A notable example was our partnership with Alipay in June, under which our mini program became the exclusive provider of comprehensive automotive services for Alipay's Auto Live Channel, offering differentiated content to match the varied needs of first-time buyers, repeat buyers, and those upgrading their vehicles. According to QuestMobile, in June, our daily active users steadily increased year-over-year, reaching 76.5 million.