Changes in Hong Kong stocks | Auto Home-S (02518) rose more than 5% after results, net profit attributable to shareholders in the third quarter was 195 million yuan

The Zhitong Finance App learned that Auto Home-S (02518) rose more than 5% after the results. As of press release, it rose 5.55% to HK$41.08.

According to the news, Auto Home announced its third-quarter results. The group obtained total net revenue of 1,315 million yuan; net profit of 195 million yuan; and plans to distribute a cash dividend of 1.58 US dollars per American depository share.

Mr. Liu Fu, Chairman and CEO of Auto Home, said, “In the third quarter, we made solid progress in upgrading to a one-stop automotive ecosystem service platform, and our innovative business progressed steadily. On the user side, we are focusing on systematically building a matrix of content and tools to further strengthen the platform moat. According to QuestMobile's data, the average number of daily mobile users at Auto Home increased by more than 3% year-on-year in September. Innovate the business side, the new retail business continues to refine the business model, expand the service network, and expand the coverage of the city. In addition, the used car business continues to promote the construction of domestic and overseas dual platforms — the full-process car sales service platform continues to improve the standardized service system, and the supply of high-quality vehicle sources and export turnover for cross-border export platforms have also increased simultaneously.”