HONG KONG, Nov. 6, 2024 /PRNewswire/ — Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced its financial results for the third quarter of 2024. The Company reported net revenue of RMB1.77 billion for the quarter, with the online marketplace and others business up 3.1% year-over-year, representing a continuously increasing share of net revenue. Revenue from new energy vehicle (“NEV”) brands continued to grow, up 54% year-over-year, consistently outpacing industry sales growth rates. Adjusted net income attributable to Autohome reached RMB497 million.

The Company’s board of directors has approved a cash dividend of US$1.15 per ADS (or US$0.2875 per ordinary share) payable in US dollars (the “Dividend”) to holders of ADSs and ordinary shares of record as of the close of business on December 31, 2024. The aggregate amount of the Dividend will be approximately RMB1 billion and is expected to be paid to holders of ordinary shares and ADS on or around March 14, 2025 and March 19, 2025, respectively.

Mr. Tao Wu, Chief Executive Officer of Autohome, stated, “In the third quarter, we made substantial progress in advancing our integrated online-to-offline ecosystem strategy, further optimizing our business structure. On the online front, we are leveraging our professional content and product matrix to strengthen our differentiated competitive advantages, resulting in a continuous increase in the scale of our user base. According to QuestMobile, our average mobile daily active users grew by 5.6% year-over-year, reaching 72.87 million in September, highlighting our expanding influence within the automotive community. Looking at our offline offerings, our franchise stores—Autohome Space—and satellite stores have accelerated their penetration into lower-tier cities, creating a robust network that enhances our offline presence. Additionally, our collaboration with Ping An Group has reached new milestones with the introduction of a series of new and innovative products and services across our traditional businesses, data products, used cars, and aftermarket business lines. This collaboration has further strengthened our unique offerings in these areas.”

Mr. Craig Yan Zeng, Chief Financial Officer of Autohome, added, “The innovative new businesses we have been deploying are beginning to deliver results, driving growth in our online marketplace and others business lines this quarter. Notably, revenues from NEV brands have once again outpaced the sales growth of the broader industry. We remain committed to maximizing shareholder value through our ongoing dividend and share repurchase programs. Looking ahead, we will continue to expand our footprint across the automotive sector while further enhancing operational efficiency in each of our business lines to ensure long-term sustainable value for our shareholders.”

About Autohome

Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. According to QuestMobile, in September 2024, the average mobile DAUs reached 72.87 million with an increase of 5.6% year-over-year. Its mission is to engage, educate and inform consumers about everything auto. Autohome provides occupationally generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company’s dealer subscription and advertising services allow dealers to market their inventory and services through Autohome’s platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its “Autohome Mall,” a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services.

For further information, please visit: https://www.autohome.com.cn/about/index.html

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SOURCE Autohome

The only Insights Forum session hosted by a major Chinese financial institution and a top Chinese universityThe first International Fintech forum hosted by Southwestern University of Finance and Economics in an overseas venueCCB Singapore joined the Green Circle, a flagship sustainability ecosystem program initiated by Gprnt, as one of the pioneer members

SINGAPORE, Nov. 6, 2024 /PRNewswire/ — China Construction Bank Corporation Singapore Branch (“CCB Singapore”), collaborating with Southwestern University of Finance and Economics (“SWUFE”), a renowned university in China, held an international forum on Fintech and Sustainability at the Singapore FinTech Festival’s (“SFF”) Insights Forum on November 5, 2024. Leong Sing Chiong, Deputy Managing Director (Markets and Development) of the Monetary Authority of Singapore (“MAS”, Singapore’s Central Bank) delivered a welcome address, where he congratulated CCB Singapore and SWUFE for the collaboration in hosting the forum, and welcomed CCB Singapore as one of the pioneer members of the Green Circle, a flagship sustainability ecosystem program initiated by Gprnt.  

Over 100 guests including representatives from the Economic and Commercial Office of the Embassy of P. R. China in Singapore, business associations in Singapore, Chinese financial institutions and tech companies, attended the event.

CCB Singapore and SWUFE established a strategic partnership on Fintech in 2023.  SWUFE has held six International Fintech Forums in China, featuring a Nobel Prize laureate in Economics in each session. The 2024 Forum was the first time SWUFE brought it overseas, joining hands with CCB Singapore and choosing the SFF as a platform for its debut. The Forum was also the only one that was hosted by a large Chinese financial institution and a major Chinese university in the two-day Insights Forum of the SFF 2024.

Sir Oliver Hart, winner of the 2016 Nobel Prize in Economics, delivered a video speech on the outlook and challenges of CSR and ESG. The speech reiterated the impact of business activities on the environment, discussed the concept of maximization of shareholder welfare instead of shareholder interest, the roles of government in dealing with climate change and the roles of MNCs in facilitating international cooperation. Pamela Mar, Managing Director of the International Chamber of Commerce (ICC) Digital Standards Initiative (DSI) and Senior Fellow at the Asia Global Institute, provided insights in digital solutions to supply chain sustainability and sustainable finance.

CCB Singapore and SWUFE demonstrated the fruits of their collaboration to date, in using technology to assist the digital transformation of the banking industry. In the panel discussion hosted by Yap Poh Seng, Chief Commercial Officer of CCB Singapore, panellists Lionel Wong, Executive Director of Gprnt, Zhao Jingmei, Professor and Executive Vice Dean of School of Finance, SWUFE, Gu Lingyun, Founder, Chairman and CEO of IceKredit, and Vinothan Tulisinathzan, Counsellor (Investment) and Director of Malaysia Investment Development Authority Singapore, discussed their respective roles in enabling sustainable growth with Fintech solutions. In the company showcase session, three tech companies shared their technologies and products in tackling some of the acute environmental and health issues today.

Sun Nianbei, General Manager of CCB Singapore, commented, “Digital finance, Fintech and green finance are important parts of our business strategy for both CCB Singapore and our head office. With a commitment to contributing to a green and digital economy in Singapore, we are glad to join our partner SWUFE and host the Forum at the SFF. We had very meaningful discussions with policy makers, regulators, scholars and the Fintech industry from China, Singapore and beyond, and I’m sure these will lead to more collaborations and more impactful fintech innovations in the future.”

Li Zhisheng, Vice President of SWUFE, said: “SWUFE has proactively adapted to the changes in the evolving economy, new technologies and business models in recent years. Utilising basic theories, key technologies and application scenarios in Fintech, we focus on tackling some of the most important issues while nurturing the development of higher education in finance. We are pleased to host our first International Fintech Forum overseas in Singapore together with CCB, and SFF has been a great platform for us to share SWUFE’s views on responsible finance and responsible Fintech.”

The Singapore FinTech Festival, launched in 2016, is an annual global gathering of policymakers, regulators, central bankers, fintechs, technologists, investors and the finance industry. Designed to foster impactful connections and collaborations, SFF is a platform to explore the intersections of cutting-edge financial solutions, evolving regulatory landscapes, and the latest technological innovations. SFF champions sustainable practices, emphasising responsibility in every aspect of the festival.

About China Construction Bank Corporation

China Construction Bank Corporation, headquartered in Beijing, is a leading large-scale commercial bank in China. Its predecessor, People’s Construction Bank of China, was established in October 1954. It was listed on Hong Kong Stock Exchange in October 2005 (stock code: 939) and Shanghai Stock Exchange in September 2007 (stock code: 601939). At the end of 2023, the Bank’s market capitalisation was approximately US$151,857 million, ranking eighth among all listed banks in the world. The Group ranks second among global banks by Tier 1 capital.

The Bank provides customers with comprehensive financial services, including corporate finance business, personal finance business, treasury and asset management business and others, serving 757 million personal customers and 10.82 million corporate customers. It has subsidiaries in various sectors, including fund management, financial leasing, trust, insurance, futures, pension and investment banking. At the end of 2023, the Group had 376,871 employees and 14,895 operating entities, including nearly 200 overseas entities, which covered 31 countries and regions.

CCB started its operations in Singapore in 1998, and is currently holding a Qualifying Full Bank License (awarded by the MAS in December 2020). CCB Singapore is committed to contributing to the green and low-carbon development of Singapore and Southeast Asia, by building an eco-friendly bank together with our employees, customers, and business partners. In April 2024, CCB Singapore signed a Statement of Intent with MAS-launched ESG data platform Gprnt, marking the first collaboration between a major Chinese financial institution and Gprnt to support small and medium-sized enterprises’ decarbonisation and transition financing needs.

For more information, please visit www.ccb.com

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SOURCE China Construction Bank Corporation

TORONTO, Nov. 6, 2024 /PRNewswire/ — Loans Canada has been recognized by Deloitte’s 2024 Technology  Fast 50™ awards program for its rapid growth, entrepreneurial spirit, and bold innovation. 

The program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue growth percentage over the past four years. Loans Canada ranks 44th with 456% revenue growth from 2020 to 2023. 

Deloitte’s Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader Deloitte North American Technology Fast 500™, and winners are automatically eligible for this elite ranking. 

Loans Canada’s CEO Scott Satov credits his team’s agility and the proprietary technology they have built with the company’s impressive growth. Satov said, “We are able to quickly adapt to market changes to meet the needs of our customers.” CTO Cris Ravazzano adds, “We have already received millions of applications and we are averaging 100,000 applications per month, it is very rewarding to see how our users and partners continue to trust our platform.”

“These exceptional Technology Fast 50 winners epitomize the spirit of innovation and entrepreneurial excellence in Canada’s technology sector,” expressed Anders McKenzie, the National Technology Fast 50 program leader at Deloitte Canada. “By demonstrating remarkable growth rates and showcasing their ability to adapt and thrive in a rapidly evolving market, these companies have distinguished themselves as leaders in their respective fields. Their success not only reflects their own ingenuity and dedication but also contributes to the overall growth and competitiveness of Canada’s technology ecosystem. We are proud to celebrate their achievements and recognize them as the driving force  behind the country’s technological advancement and economic prosperity.” 

To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have a minimum revenue of $50,000 in 2020 and $5 million in 2023, be headquartered in Canada, own proprietary technology, and invest a minimum of 5% of gross revenues in R&D activities that are conducted in Canada. 

About the Deloitte Technology Fast 50 program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology  Fast 50, Enterprise—Industry Leaders, Clean Technology, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the  North American Technology Fast 500 program. Program sponsors for 2024 include RBCx, Osler, EDC,  CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca. 

About Loans Canada
Loans Canada launched in 2012 as Canada’s first loan comparison platform and is the leading nation-wide financial service destination for Canadian rate shoppers. Loans Canada has connected millions of Canadians to personal loan, car loan, home equity and debt relief solution providers. The company helps hundreds of thousands of Canadians compare financial service options every year and with its CompareHub portal provides free credit scores to Canadians.

SOURCE Loans Canada