0000950170-23-014231 | 20-F | XBRL Viewer

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Cover Page	12 Months Ended
Cover Page	Dec. 31, 2022 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Registrant Name	Autohome Inc.
Entity Central Index Key	0001527636
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding	492,742,468
Entity Voluntary Filers	No
Document Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	true
Document Accounting Standard	U.S. GAAP
Document Shell Company Report	false
Entity File Number	001-36222
Entity Incorporation, State or Country Code	E9
Document Registration Statement	false
Entity Address, Address Line One	18th Floor Tower B, CEC Plaza
Entity Address, Address Line Two	3 Dan Ling Street
Entity Address, City or Town	Haidian District
Entity Address, Postal Zip Code	100080
Entity Address, Country	CN
Auditor Name	PricewaterhouseCoopers Zhong Tian LLP
Auditor Firm ID	1424
Auditor Location	Beijing, the People’s Republic of China
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Quan Long
Entity Address, Address Line One	18th Floor Tower B, CEC Plaza
Entity Address, Address Line Two	3 Dan Ling Street
Entity Address, City or Town	Haidian District
Entity Address, Postal Zip Code	100080
Entity Address, Country	CN
City Area Code	86 (10)
Local Phone Number	5985-7001
ADS [Member]
Document Information [Line Items]
Trading Symbol	ATHM
Security Exchange Name	NYSE
Title of 12(b) Security	American depositary shares, each representing four ordinary shares
Ordinary Shares [Member]
Document Information [Line Items]
Trading Symbol	2518
Title of 12(b) Security	Ordinary shares, par value US$0.0025 per share

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 2,801,299	$ 406,150	¥ 4,236,501
Restricted Cash	9,175	1,330	89,855
Short-term investments	19,279,592	2,795,278	16,496,267
Accounts receivable (net of allowance for doubtful accounts of RMB177,563 and RMB 185,755 (US$ 26,932 ) as of December 31, 2021 and2022, respectively)	1,927,699	279,490	2,139,471
Amounts due from related parties, current	49,644	7,198	83,376
Prepaid expenses and other current assets	357,522	51,836	280,248
Total current assets	24,424,931	3,541,282	23,325,718
Non-current assets:
Restricted cash, non-current	5,000	725	5,200
Property and equipment, net	255,298	37,015	381,496
Intangible assets, net	278,485	40,377	357,431
Goodwill	3,941,820	571,510	3,941,820
Long-term investments	419,208	60,779	70,720
Amounts due from related parties, non-current	9,419	1,366	7,529
Deferred tax assets	265,606	38,509	176,138
Other non-current assets	116,052	16,826	133,383
Total non-current assets	5,290,888	767,107	5,073,717
Total assets	29,715,819	4,308,389	28,399,435
Current liabilities:
Accrued expenses and other payables	2,537,281	367,870	2,044,597
Advance from customers	96,047	13,926	123,370
Deferred revenue	1,147,131	166,318	1,553,013
Income tax payable	251,121	36,409	233,342
Amounts due to related parties	27,096	3,929	31,897
Total current liabilities (including current liabilities of consolidated VIEs without recourse to Autohome WFOE, Chezhiying WFOE or TTP WFOE of RMB375,845 and RMB367,505 (US$ 53,283) as of December 31, 2021 and 2022, respectively)	4,058,676	588,452	3,986,219
Non-current liabilities
Other liabilities	50,591	7,335	28,619
Deferred tax liabilities	517,926	75,092	576,798
Total non-current liabilities (including non-current liabilities of consolidated VIEs without recourse to Autohome WFOE, Chezhiying WFOE or TTP WFOE of RMB60,664 and RMB 48,460 (US$ 7,025) as of December 31, 2021 and 2022, respectively)	568,517	82,427	605,417
Total liabilities (including total liabilities of consolidated VIEs without recourse to Autohome WFOE, Chezhiying WFOE or TTP WFOE of RMB 436,509 and RMB 415,965 (US$ 60,308) as of December 31, 2021 and 2022, respectively)	4,627,193	670,879	4,591,636
Commitments and contingencies
Mezzanine equity:
Convertible redeemable noncontrolling interests	1,605,639	232,796	1,468,029
Shareholders' equity:
Ordinary shares (par value of US$0.0025 per share;400,000,000,000 ordinary shares authorized; 505,183,788 and 492,742,468 ordinary shares issued and outstanding, as of December 31, 2021 and 2022,respectively)	8,550	1,240	8,523
Additional paid-in capital	8,064,283	1,169,210	7,886,227
Treasury Stock, Value	(750,337)	(108,789)	(31,204)
Accumulated other comprehensive income	369,643	53,595	(49,905)
Retained earnings	16,196,703	2,348,301	14,811,207
Total Autohome Inc. shareholders' equity	23,888,842	3,463,557	22,624,848
Noncontrolling interests	(405,855)	(58,843)	(285,078)
Total equity	23,482,987	3,404,714	22,339,770
Total liabilities, mezzanine equity and equity	¥ 29,715,819	$ 4,308,389	¥ 28,399,435

Consolidated Balance Sheets (Parenthetical) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) shares
Allowance for doubtful accounts	¥ 185,755	$ 26,932	¥ 177,563
Total current liabilities	4,058,676	588,452	3,986,219
Total non-current liabilities	568,517	82,427	605,417
Total liabilities	¥ 4,627,193	$ 670,879	¥ 4,591,636
Ordinary shares, par value \| $ / shares		$ 0.0025
Ordinary shares, shares authorized	400,000,000,000	400,000,000,000	400,000,000,000
Ordinary shares, shares issued	492,742,468	492,742,468	505,183,788
Ordinary shares, shares outstanding	492,742,468	492,742,468	505,183,788
Consolidated VIEs [Member]
Total current liabilities	¥ 354,930	$ 51,460	¥ 375,845
Total non-current liabilities	48,461	7,025	60,664
Total liabilities	¥ 403,391	$ 58,485	¥ 436,509

- Definition

Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

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+ Details

Consolidated Statements of Comprehensive Income ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares
Net revenues:
Total net revenues	¥ 6,940,828	$ 1,006,325	¥ 7,237,004	¥ 8,658,559
Cost of revenues (including related party transactions of RMB61,566, RMB68,639 and RMB64,876 (US$9,406) for the years ended December 31, 2020, 2021 and 2022, respectively)	(1,235,173)	(179,083)	(1,047,892)	(961,170)
Gross profit	5,705,655	827,242	6,189,112	7,697,389
Operating expenses:
Sales and marketing expenses	(2,866,206)	(415,561)	(2,759,905)	(3,246,507)
General and administrative expenses (including provision for doubtful accounts of RMB95,683, RMB53,294 and RMB8,828 (US$1,280) for the years ended December 31, 2020, 2021 and 2022, respectively)	(502,340)	(72,832)	(543,799)	(381,843)
Product development expenses	(1,417,094)	(205,459)	(1,398,037)	(1,364,227)
Total Operating expenses (including related party transactions of RMB99,763, RMB108,955 and RMB126,812 (US$18,386) for the years ended December 31, 2020, 2021 and 2022, respectively)	(4,785,640)	(693,852)	(4,701,741)	(4,992,577)
Other operating income, net	327,507	47,484	294,241	443,215
Operating profit	1,247,522	180,874	1,781,612	3,148,027
Interest and investment income, net (including related party transactions of RMB63,558, RMB136,613 and RMB143,848 (US$20,856) for the years ended December 31, 2020, 2021 and 2022, respectively)	565,090	81,931	395,245	392,160
Earnings/(loss) from equity method investments	(49,766)	(7,215)	301	(1,246)
Income before income taxes	1,762,846	255,590	2,177,158	3,538,941
Income tax expense	61,780	8,957	(34,006)	(260,945)
Net income	1,824,626	264,547	2,143,152	3,277,996
Net (income)/loss attributable to noncontrolling interests	30,548	4,429	105,633	(2,338)
Net income attributable to Autohome Inc.	1,855,174	268,976	2,248,785	3,275,658
Accretion of mezzanine equity	(137,610)	(19,952)	(411,792)	0
Accretion attributable to noncontrolling interests	89,612	12,993	311,573	0
Net income attributable to ordinary shareholders	¥ 1,807,176	$ 262,017	¥ 2,148,566	¥ 3,275,658
Earnings per share for ordinary shares:
Basic \| (per share)	¥ 3.62	$ 0.52	¥ 4.30	¥ 6.86
Diluted \| (per share)	¥ 3.62	$ 0.52	¥ 4.29	¥ 6.83
Weighted average number of shares used to compute earnings per share attributable to common stockholders:
Basic	499,160,564	499,160,564	499,861,764	477,467,268
Diluted	499,666,792	499,666,792	500,481,540	479,686,380
Net income	¥ 1,824,626	$ 264,547	¥ 2,143,152	¥ 3,277,996
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustments	418,931	60,739	(106,893)	(86,120)
Comprehensive income	2,243,557	325,286	2,036,259	3,191,876
Comprehensive (income)/ loss attributable to noncontrolling interests	31,165	4,519	100,326	(2,338)
Comprehensive income attributable to Autohome Inc.	¥ 2,274,722	$ 329,805	¥ 2,136,585	¥ 3,189,538
ADR [Member]
Earnings per share for ordinary shares:
Basic \| (per share)	¥ 14.48	$ 2.10	¥ 17.19	¥ 27.44
Diluted \| (per share)	¥ 14.47	$ 2.10	¥ 17.17	¥ 27.32
Media Services [Member]
Net revenues:
Total net revenues	¥ 1,963,289	$ 284,650	¥ 2,011,446	¥ 3,455,056
Leads Generation Services [Member]
Net revenues:
Total net revenues	3,056,924	443,212	2,988,075	3,198,832
Online Marketplace And Other Service [Member]
Net revenues:
Total net revenues	¥ 1,920,615	$ 278,463	¥ 2,237,483	¥ 2,004,671

Consolidated Statements of Comprehensive Income (Parenthetical) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥) Customer	Dec. 31, 2022 USD ($) Customer	Dec. 31, 2021 CNY (¥) Customer	Dec. 31, 2020 CNY (¥) Customer
Income Statement [Abstract]
Revenue from Related Parties	¥ 226,539	$ 32,845	¥ 417,051	¥ 621,845
Related Parties Amount In Cost Of Revenue	64,876	9,406	68,639	61,566
Provision for doubtful accounts	8,828	1,280	53,294	95,683
Operating Expenses, Related Party Costs	126,812	18,386	108,955	763
Interest and investment income related party	¥ 143,848	$ 20,856	¥ 136,613	¥ 63,558
No of ordinary shares per Ads after division	4	4	4	4

- Definition

Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

+ References

+ Details

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	¥ 1,824,626	$ 264,547	¥ 2,143,152	¥ 3,277,996
Adjustments to reconcile net income to net cash from operating activities:
Depreciation of property and equipment	226,090	32,780	225,310	158,229
Amortization of intangible assets	79,104	11,469	83,710	12,045
Amortization of operating lease assets	118,828	17,228	122,144	108,904
Loss/(gain) on disposal of property and equipment	(1,109)	(161)	(1,203)	(249)
Provision for doubtful accounts	8,828	1,280	53,294	95,683
(Earnings)/loss from equity method investments	49,766	7,215	(301)	1,246
Impairment of long-term investments	1,696	246
Fair value change of short-term investments	116,510	16,892	107,526	9,042
Fair value change of other non-current assets				145,229
Interest income of convertible bond				(77,720)
Share-based compensation	168,890	24,487	206,060	211,206
Deferred income taxes	(148,340)	(21,507)	(151,188)	(22,427)
Changes in operating assets and liabilities:
Accounts receivable	203,581	29,517	931,432	(39,910)
Amounts due from related parties, current	33,732	4,891	(36,073)	(17,802)
Prepaid expenses and other current assets	(149,766)	(21,714)	1,046	(217,720)
Amounts due from related parties, non-current	(1,890)	(274)	10,634	(13,654)
Other non-current assets	(101,497)	(14,716)	3,177	(252,877)
Accrued expenses and other payables	534,285	77,463	(432,192)	(158,270)
Advance from customers	(27,323)	(3,961)	(3,865)	31,599
Deferred revenue	(405,882)	(58,847)	237,346	(55,286)
Income tax payable	17,779	2,578	148,165	39,688
Amounts due to related parties	(4,801)	(696)	(47,998)	43,508
Other liabilities	21,972	3,186	(76,242)	47,171
Net cash generated from operating activities	2,565,075	371,902	3,523,934	3,325,631
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(116,503)	(16,891)	(218,798)	(263,892)
Proceeds from disposal of property and equipment	1,721	250	1,030	388
Purchase of intangible assets	(1,039)	(151)	(810)	(573)
Cash consideration paid for the TTP acquisition, net of cash acquired			(77,444)	(639,760)
Acquisition of equity-method investment	(400,000)	(57,995)
Purchase of short-term investments	(18,945,702)	(2,746,869)	(27,082,428)	(40,050,012)
Maturity of short-term investments	16,352,106	2,370,833	23,565,437	37,968,391
Net cash used in investing activities	(3,109,417)	(450,823)	(3,813,013)	(2,985,458)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of share options	748	108	37,032	104,154
Payment of dividends	(421,680)	(61,138)	(673,375)	(651,121)
Proceeds from issuance of ordinary shares			3,565,843
Payments for repurchase of ordinary shares	(719,133)	(104,264)	(31,204)
Net cash generated from/(used in) financing activities	(1,140,065)	(165,294)	2,898,296	(546,967)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	168,325	24,403	(46,809)	(17,556)
Net increase/(decrease) in cash and cash equivalents and restricted cash	(1,516,082)	(219,812)	2,562,408	(224,350)
Cash and cash equivalents and restricted cash at beginning of year	4,331,556	628,017	1,769,148	1,993,498
Cash and cash equivalents and restricted cash at end of year	2,815,474	408,205	4,331,556	1,769,148
Supplemental disclosures of cash flow information:
Income taxes paid	284,332	41,224	340,215	563,415
Purchase of fixed assets included in accrued expenses and other payables	4,743	688	18,624	34,061
Cash paid for operating lease cost	125,448	18,188	137,693	135,773
Right-of-use assets acquired under operating leases	¥ 107,351	$ 15,564	¥ 38,023	¥ 217,668

Consolidated Statements of Changes in Shareholders' Equity ¥ in Thousands, $ in Thousands	CNY (¥) shares	USD ($) shares	Ordinary shares CNY (¥) shares	Ordinary shares USD ($) shares	Additional paid-in capital CNY (¥)	Additional paid-in capital USD ($)	Treasury stock CNY (¥)	Treasury stock USD ($)	Accumulated other comprehensive income CNY (¥)	Accumulated other comprehensive income USD ($)	Retained earnings CNY (¥)	Retained earnings USD ($)	Noncontrolling interests CNY (¥)	Noncontrolling interests USD ($)
Beginning balance, Amount at Dec. 31, 2019	¥ 14,605,941		¥ 8,029		¥ 3,774,373				¥ 148,415		¥ 10,698,280		¥ (23,156)
Beginning balance, Shares at Dec. 31, 2019 \| shares			475,706,748	475,706,748
Net income	3,277,996										3,275,658		2,338
Other comprehensive income (loss)	(86,120)								(86,120)
Acquisition of a subsidiary	147,639												147,639
Dividends declared	(637,922)										(637,922)
Exercise and vesting of share-based awards	104,244		¥ 60		104,184
Exercise and vesting of share-based awards, Shares \| shares			3,512,880	3,512,880
Share-based compensation	211,206				211,206
Accretion of redeemable noncontrolling interests	0
Ending balance, Amount at Dec. 31, 2020	17,622,984		¥ 8,089		4,089,763				62,295		13,336,016		126,821
Ending balance, Shares at Dec. 31, 2020 \| shares			479,219,628	479,219,628
Net income	2,143,152										2,248,785		(105,633)
Other comprehensive income (loss)	(106,893)								(112,200)				5,307
Dividends declared	(673,375)										(673,375)
Exercise and vesting of share-based awards	36,579		¥ 32		36,547
Exercise and vesting of share-based awards, Shares \| shares			1,890,028	1,890,028
Share-based compensation	206,060				206,060
Issuance of ordinary shares, net of issuance costs, Shares \| shares			24,738,400	24,738,400
Issuance of ordinary shares, net of issuance costs	3,554,259		¥ 402		3,553,857
Repurchase of ordinary shares, Shares \| shares			(664,268)	(664,268)
Repurchase of ordinary shares	(31,204)						¥ (31,204)
Accretion of redeemable noncontrolling interests	(411,792)										(100,219)		(311,573)
Ending balance, Amount at Dec. 31, 2021	¥ 22,339,770		¥ 8,523		7,886,227		(31,204)		(49,905)		14,811,207		(285,078)
Ending balance, Shares at Dec. 31, 2021 \| shares	505,183,788	505,183,788	505,183,788	505,183,788
Net income	¥ 1,824,626	$ 264,547									1,855,174		(30,548)
Other comprehensive income (loss)	418,931	60,739							419,548				(617)
Dividends declared	(421,680)										(421,680)
Exercise and vesting of share-based awards	744		¥ 27		717
Exercise and vesting of share-based awards, Shares \| shares			1,639,720	1,639,720
Share-based compensation	168,890				168,890
Adjustment of issuance costs	8,449				8,449
Repurchase of ordinary shares, Shares \| shares			(14,081,040)	(14,081,040)
Repurchase of ordinary shares	(719,133)						(719,133)
Accretion of redeemable noncontrolling interests	(137,610)	(19,952)									(47,998)		(89,612)
Ending balance, Amount at Dec. 31, 2022	¥ 23,482,987	$ 3,404,714	¥ 8,550	$ 1,240	¥ 8,064,283	$ 1,169,210	¥ (750,337)	$ (108,789)	¥ 369,643	$ 53,595	¥ 16,196,703	$ 2,348,301	¥ (405,855)	$ (58,843)
Ending balance, Shares at Dec. 31, 2022 \| shares	492,742,468	492,742,468	492,742,468	492,742,468

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Common Stock Dividends, Declared	$ 0.53	$ 0.87	$ 0.77

Organization

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

ORGANIZATION

Autohome Inc., formerly known as Sequel Limited (together with its subsidiaries, VIEs and VIEs’ subsidiaries is defined as the “Company”), was incorporated under the laws of the Cayman Islands on June 23, 2008. Upon incorporation, the Company was 100% owned by Telstra Holdings Pty Ltd. (“Telstra”). On June 27, 2008 (the “Acquisition date”), the Company acquired Cheerbright International Holdings Limited (“Cheerbright”), China Topside Co., Ltd. (“China Topside”), and Norstar Advertising Media Holdings Co., Ltd. (“Norstar”), and their respective wholly foreign-owned enterprises and variable interest entities (“VIEs”). Subsequent to the acquisition, the Company was owned 55% by Telstra, and 45% by the selling shareholders of Cheerbright, China Topside and Norstar. In May 2012, Telstra acquired additional ordinary shares of Autohome Inc. from other shareholders. In June 2016, Telstra completed the sale of approximately 47.4% of the then total issued shares in Autohome Inc. to Yun Chen Capital Cayman (“Yun Chen”), a subsidiary of Ping An Insurance Company of China, Ltd. (“Ping An”) and on February 22, 2017, Yun Chen further acquired from Telstra approximately 6.5% of the then total issued shares in Autohome Inc. After the consummation of the sale, Yun Chen has become the Company’s controlling shareholder since June 2016.

Autohome Inc. successfully completed its IPO and listing of 8,993,000 American Depositary Shares (“ADSs”) on the New York Stock Exchange in December, 2013, and raised net proceeds of US$142.59 million from the offering. Each ADS represents four ordinary shares (previously 1 ADS represents 1 ordinary share before the ADS Ratio Change as detailed in Note 2(a)). Upon the completion of IPO in December 2013, Autohome Inc.’s dual-class ordinary share structure came into effect. Upon the completion of follow-on offering in November 2014, 2,424,801 ADSs were issued by Autohome Inc. and 6,964,612 Class B ordinary shares before the Share Subdivision as detailed in Note 2(a) were converted into Class A ordinary shares. The net proceeds from the follow-on offering amounted to US$97.34 million net of issuance cost. Upon the transfer of 47.4% share ownership by Telstra to Yun Chen in June 2016, all the Class B ordinary shares were converted into Class A ordinary shares.

On March 15, 2021, Autohome Inc. successfully completed its global offering and the Company’s ordinary shares have been listed on the Hong Kong Stock Exchange. Autohome Inc. issued 24,738,400 ordinary shares, including 4,544,000 ordinary shares under an over-allotment option. Net proceeds raised by the Autohome Inc. from the global offering after deducting underwriting discounts and commissions and other offering expenses amounted to Hong Kong Dollar (“HK$”) 4,294.85 million.

As of December 31, 2022, Autohome Inc. had 492,742,468 issued and outstanding ordinary shares after considering the effects of the Share Subdivision as detailed in Note 2(a). Yun Chen was the Company’s controlling shareholder who held 45.6% of the total equity interest and a significant percentage of the voting rights in the Company as of December 31, 2022, by which it has substantial influence in determining the outcome of any corporate transaction or other matter submitted to the shareholders for approval, including mergers, consolidations and the sale of all or substantially all of the Company’s assets, election of directors and other significant corporate actions.

The Company, through its subsidiaries and VIEs (as disclosed in the table below), is engaged in the provision of media services, leads generation services and online marketplace and others.

As of December 31, 2022, the following table sets forth the Company’s principal subsidiaries, principal VIEs and VIEs’ subsidiaries:


Entity	Date of incorporation or acquisition	Place of incorporation	Percentage of direct ownership by the Company
Principal Subsidiaries
Cheerbright International Holdings Limited (“Cheerbright”)	June 13, 2006	British Virgin Islands		100	%
Autohome Link Inc.	January 29, 2015	Cayman Islands		100	%
Autohome (Hong Kong) Limited (“Autohome HK”)	March 16, 2012	Hong Kong		100	%
Autohome Link Hong Kong Limited	February 16, 2015	Hong Kong		100	%
Autohome Media Limited (“Autohome Media”, formerly known as Prbrownies Marketing Limited)	October 18, 2013	Hong Kong		100	%
TTP Car Inc. (“TTP”)	June 12, 2015	Cayman Islands	51% (Note)
Auto Pai Ltd.	September 25, 2020	British Virgin Islands		51	%
TTP Car (HK) Limited	June 23, 2015	Hong Kong		51	%
Beijing Cheerbright Technologies Co., Ltd. (“Autohome WFOE”)	September 1, 2006	Mainland China		100	%
Autohome Shanghai Advertising Co., Ltd. (“Shanghai Advertising”)	September 29, 2013	Mainland China		100	%
Beijing Prbrownies Software Co., Ltd. (formerly known as “Beijing Autohome Software Co., Ltd.”)	November 12, 2013	Mainland China		100	%
Beijing Autohome Technologies Co., Ltd.	November 12, 2013	Mainland China		100	%
Beijing Autohome Advertising Co., Ltd.	November 13, 2013	Mainland China		100	%
Beijing Chezhiying Technology Co., Ltd. (“Chezhiying WFOE”)	May 26, 2015	Mainland China		100	%
Guangzhou Autohome Advertising Co., Ltd.	November 25, 2013	Mainland China		100	%
Guangzhou Chezhihuitong Advertising Co., Ltd.	August 20, 2018	Mainland China		100	%
Hainan Chezhiyitong Information Technology Co., Ltd.	August 20, 2018	Mainland China		100	%
Tianjin Autohome Software Co., Ltd.	October 15, 2018	Mainland China		100	%
Autohome Zhejiang Advertising Co., Ltd.	December 19, 2018	Mainland China		100	%
Shanghai Chezhitong Information Technology Co., Ltd.	September 16, 2020	Mainland China		100	%
Shanghai Jinpai E-commerce Co., Ltd. (“TTP WFOE”)	July 31, 2015	Mainland China		51	%

Principal VIEs and VIEs’ subsidiaries	Date of incorporation or acquisition	Place of incorporation	Percentage of indirect economic interest
Beijing Autohome Information Technology Co., Ltd. (“Autohome Information”)	August 28, 2006	Mainland China		100	%
Beijing Shengtuo Hongyuan Information Technology Co., Ltd. (“Shengtuo Hongyuan”)	November 8, 2010	Mainland China		100	%
Shanghai Tianhe Insurance Brokerage Co., Ltd.	September 21, 2017	Mainland China		100	%
Shanghai Jinwu Auto Technology Consultant Co., Ltd. (“Shanghai Jinwu”)	September 20, 2007	Mainland China		51	%
Shanghai Jinyou Auto Technology Consultant Co., Ltd. (“Shanghai Jinyou”)	December 3, 2021	Mainland China		51	%

Note: Please refer to Note 19 for the disclosure of acquisition.

The Company provides media services, leads generation services and online marketplace and others through its websites and mobile applications. These services are primarily offered to automakers and dealers, and advertising agencies that represent automakers and dealers in the automobile industry, and financial institutions. The Company’s principal geographic market is in mainland China. Autohome Inc. does not conduct any substantive operations of its own but conducts its primary business operations through its principal subsidiaries, VIEs and the VIEs' subsidiaries.

PRC laws and regulations prohibit or restrict foreign ownership of internet content businesses. To comply with these foreign ownership restrictions, the Company and its subsidiaries operate websites and mobile applications and conduct its business related to internet content services through VIEs. The paid-in capital of the VIEs was funded by the Company’s PRC subsidiaries, Autohome WFOE, Chezhiying WFOE and TTP WFOE, through loans extended to the VIEs’ shareholders (“Nominee Shareholders”). The Company obtained a controlling financial interest in the VIEs and VIEs’ subsidiaries by entering into a series of contractual agreements (the “Contractual Agreements”) through the WFOEs. As a result of the Contractual Agreements, the WFOEs are entitled to substantially all of the economic benefits from the VIEs and VIEs’ subsidiaries and are obligated to absorb all of the VIEs and VIEs’ subsidiaries' expected losses and therefore the Company has determined that it is the primary beneficiary of the VIEs and VIEs’ subsidiaries. Accordingly, the Company has consolidated the VIEs and VIEs’ subsidiaries results of operations and assets and liabilities in the Company’s consolidated financial statements in accordance with US GAAP.

Autohome WFOE entered into a series of contractual agreements with Autohome Information and each of its individual nominee shareholders. The currently effective contractual agreements were entered into in February 2021 by and between Autohome WFOE, Autohome Information, Mr. Quan Long, the Company’s chairman of the Board of Directors and chief executive officer, and Ms. Haiyun Lei.

Chezhiying WFOE also entered into a series of contractual agreements with Shengtuo Hongyuan and each of its individual nominee shareholders. The currently effective contractual agreements were entered into in February 2021 by and between Chezhiying WFOE, Shengtuo Hongyuan, Mr. Quan Long, the Company’s chairman of the Board of Directors and chief executive officer, and Ms. Haiyun Lei.

In the end of December 2020, the Company acquired TTP, its subsidiaries and VIEs, which also conduct its business related to internet content services through VIEs. In August 2015, the then individual nominee shareholder of Shanghai Jinwu, entered into Equity Interest Purchase Agreements and Debt Transfer and Offset Agreements with Weiwei Wang, pursuant to which the then individual nominee shareholder transferred all of its equity interest of Shanghai Jinwu to Weiwei Wang. In August 2015, TTP WFOE, and Shanghai Jinwu and Weiwei Wang, as the individual nominee shareholder of VIE, entered into a series of contractual agreements. In March and May of 2022, Weiwei Wang and Lan Zhang, as the individual nominee shareholders of Shanghai Jinyou, entered into a series of contractual agreements with TTP WFOE.

Despite the lack of technical majority ownership, there exists a parent-subsidiary relationship between the Company and the VIEs through the irrevocable power of attorney agreement, whereby the Nominee Shareholders effectively assigned all of their voting rights underlying their equity interest in the VIEs to the WFOEs. In addition, through the Contractual Agreements the Company demonstrates its ability and intention to continue to exercise the ability to absorb substantially all of the expected losses and majority of the profits of the VIEs through the WFOEs.

The following is a summary of the Contractual Arrangements that the Company, through its WFOEs, entered with the VIEs and their Nominee Shareholders:

Exclusive technical consulting and service agreements

Pursuant to the exclusive technical consulting and service agreements that have been entered into by the WFOEs and the VIEs, the VIEs have engaged the WFOEs as their exclusive provider of technical support and management consulting services. In addition, the WFOEs shall provide the necessary financial support to the VIEs whether or not the VIEs incur any losses, and not request for repayment if the VIEs are unable to do so. The VIEs shall pay to the WFOEs service fees calculated based on such VIE’s revenues reduced by its value-added taxes and surcharges, operating expenses and an appropriate amount of retained profit that is determined pursuant to the Company’s tax planning strategies and relevant tax laws. The service fees can be adjusted by the WFOEs unilaterally. The WFOEs shall exclusively own any intellectual property arising from the performance of these agreements. This agreement has 30-year term that can be automatically extended for another 10 years at the option of the WFOEs. The agreement can only be terminated mutually by the parties in writing. During the term of the agreement, the VIEs may not enter into any agreement with third parties for the provision of any technical or management consulting services without prior consent of the WFOEs.

Loan agreement

Pursuant to the loan agreements between the Nominee Shareholders of the VIEs and the WFOEs, the WFOEs granted interest-free loans for the Nominee Shareholders’ contributions to the VIEs. The term of the loan is indefinite until the WFOEs requests repayment. The manner and timing of the repayment shall be at the sole discretion of the WFOEs and at the WFOEs’ option may be in the form of transferring the VIEs’ equity interest to the WFOEs or their designated persons.

Exclusive equity option agreements

Pursuant to the exclusive equity option agreements entered into among the Nominee Shareholders of the VIEs, VIEs and the WFOEs, the Nominee Shareholders jointly and severally granted to the WFOEs an option to purchase their equity interests in the VIEs. The purchase price will be offset against the loan repayments under the loan agreements. If the transfer price of the equity interest is greater than the loan amount, the Nominee Shareholders are required to immediately return the received transfer price in excess of the loan amount to the WFOEs or any person designated by the WFOEs. The WFOEs may exercise such option at any time until it has acquired all equity interests of the VIEs or freely transfer the option to any third party and such third party may assume the right and obligations of the option agreement. In addition, dividends and distributions are not permitted without the prior consent of the WFOEs, to the extent there is a dividend or distribution, the Nominee Shareholders will remit the amounts in full to the WFOEs immediately. In the event of liquidation or dissolution of the VIEs, all assets shall be sold to the WFOEs at the lowest selling price permitted by applicable PRC law, and any proceeds from the transfer and any residual interests in the VIEs shall be remitted to the WFOEs immediately. The exclusive equity option agreements have an indefinite term and will terminate at the earlier of i) the date on which all of the equity interests have been transferred to the WFOEs or any person designated by the WFOEs; or ii) the unilateral termination by the WFOEs.

Equity interest pledge agreements

Pursuant to the equity interest pledge agreements entered into between the Nominee Shareholders of the VIEs and the WFOEs, the Nominee Shareholders pledged all of their equity interests in the VIEs to the WFOEs as collateral for all of their payments due to the WFOEs and to secure their obligations under the above agreements. The Nominee Shareholders may not transfer or assign the shares, the rights and obligations in the share pledge agreement or create or permit to create any pledges which may have an adverse effect on the rights or benefits of the VIEs without the WFOE’s preapproval. The WFOE is entitled to transfer or assign in full or in part the shares pledged. In the event of default, the WFOE as the pledgee will be entitled to request immediate repayment of the loan or to dispose of the pledged equity interests through transfer or assignment. There have been no dividends or distributions from inception to date. The equity interest pledge agreements have an indefinite term and will terminate after all the obligations under these agreements have been satisfied in full or the pledged equity interests have been transferred to the WFOEs or their designees.

Power of attorney agreements

Pursuant to the power of attorney agreements, shareholders of the VIEs have given the WFOEs an irrevocable proxy to act on their behalf on all matters pertaining to the VIEs and to exercise all of their rights as shareholders of the VIEs, including the right to attend shareholders’ meetings, to exercise voting rights and to transfer all or a part of his equity interests in the VIEs.

Risk in relation to the VIE Structure

Internet content related businesses are subject to significant restrictions under current PRC laws and regulations. Specifically, foreign investors are not allowed to own more than 50% equity interest in any Internet Content Provider (“ICP”) business.

The Company conducts its operations in China through Contractual Agreements entered into between the WFOEs and VIEs. In 2014, the Company began gradually migrating the advertising service business from the VIEs to the subsidiaries of Autohome Media, a transition that was completed to a substantial extent. If the Company or any of its current or future VIEs or subsidiaries are found in violation of any existing or future laws or regulations, or fail to obtain or maintain any of the required permits or approvals, the relevant PRC regulatory authorities would have broad discretion in dealing with such violations, including levying fines, confiscating the income of Autohome WFOE, Chezhiying WFOE, TTP WFOE and VIEs, revoking their business licenses or operating licenses, shutting down the Company’s servers or blocking the Company’s websites and mobile applications, discontinuing or placing restrictions or onerous conditions on the Company’s operations, requiring the Company to undergo a costly and disruptive restructuring, restricting the Company’s rights to use the proceeds from the offering to finance the Company’s business and operations in China, or enforcement actions that could be harmful to the Company’s business. Any of these actions could cause significant disruption to the Company’s business operations and severely damage the Company’s reputation, which would in turn materially and adversely affect the Company’s business and results of operations. In addition, if the imposition of any of these penalties causes the Company to lose the rights to direct the activities of VIEs or the Company’s right to receive their economic benefits, the Company would no longer be able to consolidate the VIEs.

In addition, if Autohome Information and its subsidiaries, Shengtuo Hongyuan and its subsidiaries, Shanghai Jinwu Shanghai Jinyou or their shareholders fail to perform their obligations under the Contractual Agreements, the Company may have to incur substantial costs

and expend resources to enforce the Company’s rights under the contracts. The Company may have to rely on legal remedies under PRC law, including seeking specific performance or injunctive relief and claiming damages, which may not be effective. All of these Contractual Agreements are governed by PRC law and provide for the resolution of disputes through arbitration in the PRC. Accordingly, these contracts would be interpreted in accordance with PRC law and any disputes would be resolved in accordance with PRC legal procedures. The legal system in PRC is not as developed as in other jurisdictions, such as United States. As a result, uncertainties in the PRC legal system could limit the Company’s ability to enforce these Contractual Agreements. Under PRC law, rulings by arbitrators are final, parties cannot appeal the arbitration results in courts, and prevailing parties may only enforce the arbitration awards in PRC courts through arbitration award recognition proceedings, which would incur additional expenses and delay. In the event the Company is unable to enforce these Contractual Agreements, the Company may not be able to obtained a controlling financial interest in the VIEs and VIEs’ subsidiaries, and the Company’s ability to conduct its business may be negatively affected.

Based on the advice of the Company’s PRC legal counsel, the corporate structure and Contractual Agreements of the Company’s VIEs and WFOEs in China are in compliance with all existing PRC laws and regulations. Therefore, in the opinion of management, (i) the ownership structure of the Company and the VIEs are in compliance with existing PRC laws and regulations; (ii) the Contractual Agreements with VIEs and their nominee shareholders are valid and binding, and will not result in any violation of PRC laws or regulations currently in effect; and (iii) the Company’s business operations are in compliance with existing PRC law and regulations in all material respects.

The VIEs contributed an aggregate of 8.1%, 13.1% and 12.7% of the consolidated net revenues for the years ended December 31, 2020, 2021 and 2022, respectively, after elimination of inter-company transactions. As of December 31, 2021, and 2022, the VIEs accounted for an aggregate of 8.7% and 7.6%, respectively, of the consolidated total assets, and 9.5% and 8.7%, respectively, of the consolidated total liabilities after elimination of inter-company balances.

Relevant PRC laws and regulations restrict the VIEs from transferring a portion of its net assets to the Company in the form of loans and advances or cash dividends. Please refer to Note 16 for disclosure of restricted net assets.

The following table sets forth the assets, liabilities, results of operations and cash flows of the VIEs and VIEs’ subsidiaries included in the Company’s consolidated balance sheets, consolidated statements of comprehensive income and consolidated statements of cash flows.


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Current assets		735,968		745,057		108,023
Non-current assets		1,922,848		1,837,711		266,443
Total assets		2,658,816		2,582,768		374,466
Accrued expenses and other payables		255,661		253,681		36,780
Advance from customers		88,699		65,150		9,446
Deferred revenue		31,485		36,099		5,234
Inter-company payables		524,983		569,034		82,503
Total current liabilities		900,828		923,964		133,963
Other liabilities		4,202		6,542		947
Deferred tax liabilities		56,462		41,919		6,078
Total non-current liabilities		60,664		48,461		7,025
Total liabilities		961,492		972,425		140,988
Net assets		1,697,324		1,610,343		233,478


	Year ended December 31,
	2020		2021			2022
	RMB		RMB			RMB			US$
	(in thousands)
Net revenues
-Third-party revenues		700,608		948,520			882,276			127,918
-Inter-company revenues		173,299		131,524			160,272			23,237
Net (loss)/income		23,342		(89,397	)		(85,283	)		(12,365	)


	Year ended December 31,
	2020		2021			2022
	RMB		RMB			RMB			US$
	(in thousands)
Net cash (used in)/generated from operating activities		23,147		411,966			19,289			2,797
Net cash generated/(used in) from investing activities		193,190		(386,343	)		(812,606	)		(117,817	)
Net cash generated from financing activities		—		163,424			666,853			96,685

The revenue-producing assets that are held by the VIEs comprise of customer relationship, trademarks, websites, domain names, operating license and servers.

The current assets of the VIEs included amounts due from Group companies of RMB183.34 million and RMB333.17 million(US$ 48.31 million), as of December 31, 2021 and 2022, respectively, which were eliminated upon consolidation by the Company. The current liabilities of the VIEs included amounts due to Group companies of RMB524.98 million and RMB569.03 million (US$82.50 million), as of December 31, 2021 and 2022, respectively, which were eliminated upon consolidation by the Company. There was no pledge or collateralization of the VIEs’ assets that can only be used to settle obligations of the VIEs. Creditors of the VIEs have no recourse to the general credit of the WFOEs, which are the primary beneficiaries of the VIEs. The WFOEs did not provide or intend to provide financial or other supports not previously contractually required to the VIEs during the years presented.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a)

Basis of accounting

The accompanying consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”).

On February 2, 2021, the Company announced that the following proposed resolution submitted for shareholder approval has been adopted and approved as a special resolution at the Company’s extraordinary general meeting of shareholders: All authorized Class A ordinary shares and Class B ordinary shares are re-designated and combined into one single class of ordinary shares, and subsequently each ordinary share is subdivided into four shares, effective as of February 5, 2021 (the “Share Subdivision”). As a result of this variation of share capital, the authorized share capital of Autohome Inc. shall be US$1,000,000,000 divided into 400,000,000,000 ordinary shares of a par value of US$0.0025 each, effective as of February 5, 2021. The Company also announced that, concurrently with the effectiveness of the variation of share capital of Autohome Inc., the ratio of ADS to ordinary share will be adjusted to one ADS representing four ordinary shares, beginning on February 5, 2021 (the “ADS Ratio Change”). Accordingly, because the Share Subdivision and ADS Ratio Change are exactly proportionate, the ADS Ratio Change, in and of itself, is neutral in its impact on the per-ADS trading price of Autohome Inc.’s ADSs on the New York Stock Exchange (“NYSE”), as the percentage interest in the Company represented by each ADS will not be altered. The number of issued and unissued ordinary shares as disclosed in these consolidated financial statements are prepared on a basis after taking into account the effects of the Share Subdivision and the ADS Ratio Change and have been retrospectively adjusted accordingly.

(b)

Principles of Consolidation

The consolidated financial statements include the financial statements of the Company, its subsidiaries, the VIEs and VIEs’ subsidiaries for which the Company or subsidiaries of the Company are the primary beneficiaries. All significant inter-company transactions and balances between the Company, its subsidiaries, the VIEs and VIEs’ subsidiaries are eliminated upon consolidation. Results of acquired subsidiaries and VIEs are consolidated from the date on which control is transferred to the Company, or the Company obtains a controlling financial interest in the VIEs and VIEs’ subsidiaries.

(c)

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the year. Areas where management uses subjective judgment include, but are not limited to: estimation of variable consideration represented by sales rebates related to revenue transactions; initial valuation of the assets acquired and liabilities assumed in a business combination; fair value measurement of short-term investments; depreciation or amortization of long-lived assets and intangible assets; subsequent impairment assessment of

long-lived assets, intangible assets, goodwill, other non-current assets and long-term investments; provision for expected credit loss for financial assets which are within the scope of ASC 326; accounting for deferred income taxes, assessment of fair value and estimate of forfeitures for share-based awards; and accretion of changes in the redemption value on the preferred shares owned by the noncontrolling shareholders. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.

(d)

Foreign Currency

The functional currency of Autohome Inc., its Cayman subsidiaries and Cheerbright, is the United States dollar (“US$”), whereas the Company’s subsidiaries and VIEs with operations in mainland China, Hong Kong, and other jurisdictions generally use their respective local currencies as their functional currencies as determined based on the criteria of ASC 830, Foreign Currency Matters. The Company uses the RMB as its reporting currency. Transactions denominated in foreign currencies are re-measured into the functional currency at the exchange rates prevailing on the transaction dates. Foreign currency denominated financial assets and liabilities are re-measured at the balance sheet date exchange rate. Exchange gains and losses are included in other operating income, net in the consolidated statements of comprehensive income.

Assets and liabilities of the Company and Company’s subsidiaries, other than the subsidiaries with the functional currency of RMB, are translated into RMB at fiscal year-end exchange rates. Income and expense items are translated at monthly average exchange rates prevailing during the fiscal year.

(e)

Convenience Translation

Amounts in United States dollars (“US$”) are presented for the convenience of the reader and are translated at the noon buying rate of US$1.00 to RMB6.8972 on December 30, 2022 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.

(f)

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand, demand deposits, and time deposits placed with banks or other financial institutions which are unrestricted as to withdrawal and use and have original maturities of three months or less.

(g)

Short-term Investments

Short-term investments represent bank deposits and adjustable-rate financial products with original maturities of less than 1 year that are measured at fair value. In accordance with ASC 825, Financial Instruments, for adjustable-rate financial products with the interest rate indexed to performance of underlying assets, the Company elected the fair value method at the date of initial recognition and carried these investments at fair value. Changes in the fair value are reflected in the consolidated statements of comprehensive income as interest and investment income, net. As of December 31, 2022, the Company had an investment in an overdue financial product with fair value below its initial investment, and recognized the loss of RMB73.3 million (US$10.6 million) at “interest and investment income, net”.

(h)

Restricted Cash and Consolidated Statements of Cash Flows

Restricted cash primarily represents cash deposits in a regulatory escrow account related to insurance brokerage services and litigation-related restricted balance.

The following table provides a reconciliation of the amount of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown in the consolidated statements of cash flows:


	As of December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)
Amounts shown in Consolidated Balance Sheets:
Cash and cash equivalents		1,751,222		4,236,501		2,801,299		406,150
Restricted cash		17,926		95,055		14,175		2,055
Total cash, cash equivalents and restricted cash as shown in Consolidated Statements of Cash Flows		1,769,148		4,331,556		2,815,474		408,205

(i)

Fair Value Measurements of Financial Instruments

Financial instruments of the Company primarily comprise of cash and cash equivalents, restricted cash, short-term investments, accounts receivable, amounts due from related parties, prepaid expenses and other current assets excluding prepayments and staff advances, other non-current assets excluding operating lease right-of-use assets, accrued expenses and other payables, and amounts due to related parties. The carrying values of these financial instruments excluding other non-current assets approximated their fair values due to the short-term maturity of these instruments.

ASC topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1 – Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets

Level 2 – Include other inputs that are directly or indirectly observable in the marketplace

Level 3 – Unobservable inputs which are supported by little or no market activity

ASC 820 describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset.

(j)

Property and Equipment

Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows:


Category		Estimated useful life
Electronic equipment		3 – 5 years
Office equipment		3 – 5 years
Motor vehicles		4 – 5 years
Software		3 – 5 years
Leasehold improvements		Shorter of lease term or the estimated useful lives of the assets

Repair and maintenance costs are charged to expense as incurred, whereas the costs of betterments that extend the useful life of property and equipment are capitalized as additions to the related assets. Retirements, sale and disposals of assets are recorded by removing the cost and accumulated depreciation with any resulting gain or loss reflected in the consolidated statements of comprehensive income.

(k)

Intangible Assets

Intangible assets are carried at cost less accumulated amortization and any recorded impairment. Intangible assets acquired in a business combination were recognized initially at fair value at the date of acquisition. Intangible assets acquired in asset acquisitions are measured based on the cost to the acquiring entity, which generally includes transaction costs. Intangible assets with finite useful lives are amortized using a straight-line method of amortization that reflects the estimated pattern in which the economic benefits of the intangible asset are to be consumed. The estimated useful life for the intangible assets is as follows:


Category		Estimated useful life
Technologies		5 years
Trademarks		3-15 years
Customer relationship		5 years
Websites		4 years
Domain names		4-10 years
Database		5 years
Licensing agreements		1.75 years
Insurance brokerage license		4 years

(l)

Long-term Investments

The Company’s long-term investments consist of equity method investments. Investments in entities in which the Company can exercise significant influence and holds an investment in voting common stock or in-substance common stock (or both) of the investee but does not own a majority equity interest or control are accounted for using the equity method of accounting in accordance with ASC topic 323 (“ASC 323”), Investments-Equity Method and Joint Ventures. Under the equity method, the Company initially records its investments at cost. The Company subsequently adjusts the carrying amount of the investments to recognize the Company’s proportionate share of each equity investee’s net income or loss into earnings after the date of investments. The Company evaluates the equity method investments for impairment under ASC 323. An impairment loss on the equity method investments is recognized in earnings when the decline in value is determined to be other-than-temporary.

(m)

Goodwill

Goodwill represents the excess of the purchase price over the amounts assigned to the fair value of the assets acquired and the liabilities assumed of an acquired business. The Company’s goodwill at December 31, 2021 and 2022 was related to its acquisition of Cheerbright, China Topside and Norstar in June 2008, and its acquisition of TTP in December 2020. In accordance with ASC 350, Goodwill and Other Intangible Assets, recorded goodwill amounts are not amortized, but rather are tested for impairment annually or more frequently if there are indicators of impairment present.

Goodwill is tested for impairment at the reporting unit level on an annual basis (December 31 for the Company) and between annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value. These events or circumstances include a significant change in stock prices, business environment, legal factors, financial performances, competition, or events affecting the reporting unit. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. The estimates used to calculate the fair value of a reporting unit change from year to year based on operating results and market conditions. Changes in these estimates and assumptions could materially affect the determination of fair value and goodwill impairment for the reporting unit.

Management has determined that the Company represents the lowest level within the entity at which goodwill is monitored for internal management purposes. Starting from January 1, 2020, the Company adopted ASU 2017-04, which simplifies the accounting for goodwill impairment by eliminating Step 2 from the goodwill impairment test. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, versus determining an implied fair value in Step 2 to measure the impairment loss. Management evaluated goodwill for impairment by performing a qualitative assessment at the reporting unit level. Based on an assessment of the qualitative factors, management determined that it is more-likely-than-not that the fair value of the reporting unit is in excess of its carrying amount as of December 31, 2021 and 2022. Therefore, no impairment loss was recorded for the years ended December 31, 2020, 2021 and 2022. At December 31, 2021 and 2022, goodwill was RMB3,941.82 million and RMB3,941.82 million (US$571.51 million), respectively.

If the Company reorganizes its reporting structure in a manner that changes the composition of one or more of its reporting units, goodwill is reassigned based on the relative fair value of each of the affected reporting units.

(n)

Impairment of Long-Lived Assets and Intangibles

The Company evaluates its long-lived assets or asset group, including intangible assets with finite lives, for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset or a Company of long-lived assets may not be recoverable. When these events occur, the Company evaluates impairment by comparing the carrying amount of the assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the excess of the carrying amount of the asset group over its fair value. No impairment charge was recorded for any of the years presented.

(o)

Revenue Recognition and Accounts Receivable

The Company’s revenues are derived from media services, leads generation services and online marketplace and others. Under ASC 606, revenues are recognized when control of the promised goods or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The recognition of revenue involves certain management judgments including identification of performance obligations, standalone selling price for each performance obligation, estimation of variable consideration represented by sales rebates, etc. The Company provides rebates to agency companies based on cumulative annual advertising and service volume, and timeliness of their payments, which are accounted for as variable consideration. The Company estimate its obligations under such agreements by applying the most likely amount method, based on an evaluation of the likelihood of the agency companies’ achievement of the advertising and service volume targets, and the timeliness of their payments, after taking into account the agency companies’ purchase trends and history. A refund liability (included in accrued expenses and other payables) is recognized for expected sales rebates payable to agency companies in relation to advertising services provided. The Company recognizes revenue for the amount of fees it receives from its clients, after deducting these sales rebates, and net of VAT collected from customers. The Company believes that there will not be significant changes to its estimates of variable consideration and updates the estimate at each reporting period as actual utilization becomes available.

The Company determines revenue recognition through the following steps

•

identification of the contract, or contracts, with a customer;

•

identification of the performance obligations in the contract;

•

determination of the transaction price;

•

allocation of the transaction price to the performance obligations in the contract; and

•

recognition of revenue when, or as, the Company satisfies a performance obligation

Media services

Media services revenues mainly include revenues from automaker advertising services and regional marketing campaigns conducted by certain automobile brands’ regional offices. The majority of online advertising service contracts involve multiple deliverables or performance obligations presented on PC and mobile platforms and under different formats such as banner advertisements, links and logos, other media insertions and promotional activities that are delivered over different periods of time. Revenue is allocated among these different deliverables based on their relative standalone selling prices. The Company generally determines the standalone selling price as the observable price of a product or service charged to customers when sold on a standalone basis. Advertising services are primarily delivered based on cost per day (“CPD”) pricing model. For CPD advertising arrangements, revenue is recognized when the corresponding advertisements are published over the stated display period. For cost per thousand impressions (“CPM”) model, revenue is recognized when the advertisements are displayed and based on the number of times that the advertisement has been displayed. For cost-per-click (“CPC”) model, revenue is recognized when the user clicks on the customer-sponsored links and based on the number of clicks.

Leads generation services

Leads generation services primarily include revenues from (i) dealer subscription services, (ii) advertising services sold to individual dealer advertisers, and (iii) used car listing services. Under the dealer subscription services, the Company makes available throughout the subscription period a webpage linked to its websites and mobile applications where the dealers can publish information such as the pricing of their products, locations and addresses and other related information. Usually, advanced payment is made for the dealer subscription services and revenue is recognized over time on a straight-line basis as services are constantly provided over the subscription period. For the advertising services sold to individual dealers, revenue is recognized when the advertising is published over the stated display period. The used car listing services primarily include listing and display of used vehicles, generation of sales leads, etc, through the Company’s platform. The used car platform acts as a user interface that allows potential used car buyers to identify listings that meet their specific requirements and contact the seller. The service fee is charged per the number of displayed days, or quantity of sales leads delivered. Revenue is recognized respectively at a point in time upon the display of vehicles or the delivery of sales leads.

Online marketplace and others

Online marketplace and others revenue primarily consist of revenues related to (i) data products, (ii) new and used vehicle transaction platform, and (iii) auto financing services and others.

For the data products, the Company provides data-driven products and solutions for the automakers and dealers, and recognizes revenue over the service period of data-driven products and solutions by the automakers and dealers.

For the new and used vehicle transaction business, the Company provides platform-based services including facilitation of transactions, transaction-oriented marketing solutions, and generation of sales leads. For the new vehicle transaction, the Company acts as the platform for users to review automotive-related information and inquiry, and facilitates of transaction by delivering sales leads to the automakers. For the used vehicle transaction, the Company acts as a used car consumer-to-business-to-consumer transaction system that facilitates the used car transaction between the sellers and buyers and charge the service fee per each sale. The new and used vehicle transaction revenue is recognized at a point in time when the sales leads are delivered or upon the successful facilitation of transaction.

For the auto-financing business, the Company provides a platform which serves as a bridge to match users and automobile sellers that have auto financing needs with the Company’s cooperative financial institutions that offer a variety of products covering merchant loans, consumer loans, leases and insurance services. The auto-financing service fee is charged on a per sale or lead basis, and the service fee is recognized at a point in time when the sales leads are delivered or upon the successful facilitation of transaction. The company is not involved in providing the loans and has no further obligation once the revenue for the lead has been recognized.

Contract Balances and Accounts Receivable

Payment terms and conditions vary by contract and service types. However, generally speaking, excluding dealer subscription and used car listing, the rest of service contracts usually require payment within several months of service delivery. The term between billings and when payment is due is not significant and the Company generally does not provide significant financing terms. Timing of revenue recognition may differ from the timing of invoicing to customers. Accounts receivable represent amounts invoiced and revenue recognized prior to invoicing, when the Company has satisfied its performance obligations and has the unconditional right to payment. Non-refundable payments in advance of revenue recognition are recorded as deferred revenue and recognized as revenue along with the fulfillment of performance obligations. Deferred revenue is primarily related to the advanced payment related to dealer subscription services and used car listings under leads generation services. The beginning balance of deferred revenue of RMB1,553.01 million (US$225.17 million) was fully recognized as revenue for the year ended December 31, 2022. Due to the impact of Covid 19 pandemic in December 2022, there was a 26% year-over-year decrease in contract liability balance for the year ended December 31, 2022.

Accounts receivable are carried at net realizable value. Prior to the adoption of ASC 326, an allowance for doubtful accounts is recorded in the period when a loss is probable based on an assessment of specific evidence indicating troubled collection, historical experience, accounts aging and other factors. On January 1, 2020, the Company adopted Accounting Standards Update No. 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASC 326”) using the modified retrospective transition method. ASC 326 replaces the existing incurred loss impairment model with a forward-looking current expected credit loss (“CECL”) methodology. The Company estimated the allowance by segmenting accounts receivable into groups based on certain credit risk characteristics and estimated the allowance for credit losses on receivables not sharing similar risk characteristic on an individual basis. The key factors considered when determining the allowances for credit losses include the historical loss experience, lifetime for debt recovery, financial performance of the customers, current and future economic conditions. An accounts receivable balance is written off after all collection effort has ceased.

Practical Expedients and Exemptions

The Company has elected to use the practical expedient to not disclose the remaining performance obligations for contracts that have durations of one year or less. Performance obligations to be recognized over a period in excess of one year are immaterial as of December 31, 2021 and 2022.

The revenue standard requires the Company to recognize an asset for the incremental costs of obtaining a contract with a customer if the benefit of those costs is expected to be longer than one year. The Company has determined that sales commission for sales personnel meet the requirements of capitalization. However, the Company applies a practical expedient to expense these costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less.

(p)

Cost of Revenues

Cost of revenues primarily consist of (i) operational costs, (ii) content costs, (iii) bandwidth and Internet Data Center (“IDC”) fees , (iv) tax surcharges and (v) depreciation & amortization expenses and others. Operational costs primarily include the transaction fees incurred on our platform, execution costs of service contracts, salaries and benefits, and share-based compensation expenses of related employees. Content costs are costs directly related to purchasing and producing the professionally-generated content displayed on our websites and mobile applications.

(q)

Advertising Expenditures

Advertising expenditures which amounted to RMB1,795.33 million, RMB1,341.62 million and RMB1,397.96 million (US$202.68 million) for the years ended December 31, 2020, 2021 and 2022, respectively, are expensed as incurred and are included in sales and marketing expenses.

(r)

Product Development Expenses

Product development expenses consist primarily of employee costs related to personnel involved in the development and enhancement of the Company’s service offerings on its websites and mobile applications, and expenditure for research and development activities. The Company recognizes these costs as expenses when incurred, unless they qualify for capitalization as software development costs. Capitalized software development costs have not been material for the periods presented.

(s)

Leases

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-02, Leases (“ASU 2016-02”). Further, as a clarification of the new guidance, the FASB issued several amendments and updates. The Company adopted the new lease guidance beginning January 1, 2019 by applying the modified retrospective method to those contracts that are not completed as of January 1, 2019, with the comparative information not being adjusted and continues to be reported under historic accounting standards. There is no impact to retained earnings at adoption.

The Company has elected to utilize the package of practical expedients at the time of adoption, which allows the Company to (1) not reassess whether any expired or existing contracts are or contain leases, (2) not reassess the lease classification of any expired or existing leases, and (3) not reassess initial direct costs for any existing leases. The Company also has elected to utilize the short-term lease recognition exemption and, for those leases that qualified, the Company did not recognize operating lease right-of-use (“ROU”) assets or operating lease liabilities.

The Company determines if an arrangement is a lease and determines the classification of the lease, as either operating or finance, at commencement. The Company has operating leases for office buildings and data centers and has no finance leases as of December 31, 2021 and 2022. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the lease payments over the lease term at commencement date.

As the Company’s leases do not provide an implicit rate, an incremental borrowing rate is used based on the information available at commencement date, to determine the present value of lease payments. The incremental borrowing rates approximate the rate the Company would pay to borrow in the currency of the lease payments for the weighted-average life of the lease.

The operating lease ROU assets also include any lease payments made prior to lease commencement and exclude lease incentives and initial direct costs incurred if any. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term.

The Company’s lease agreements contain both lease and non-lease components, which are accounted for separately based on their relative standalone price.

As of December 31, 2021 and 2022, the Company recognized the following items related to operating lease in its consolidated balance sheets.


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Operating lease ROU assets		133,383		115,118		16,691
Operating lease liabilities, current portion		96,160		59,798		8,670
Operating lease liabilities, non-current portion		28,619		50,591		7,335

Lease cost recognized in the Company’s consolidated statements of comprehensive income is summarized as follows:


		Year ended December 31,
		2020		2021		2022
	Classification	RMB		RMB		RMB		US$
		(in thousands)
Operating lease cost			117,479		131,529		128,081		18,570
	Cost of revenues		21,658		28,798		21,695		3,145
	Operating expenses		95,821		102,731		106,386		15,425
Cost of other leases with terms less than one year			96,065		99,923		87,603		12,701
	Cost of revenues		86,253		88,567		79,274		11,493
	Operating expenses		9,812		11,356		8,329		1,208

Maturities of operating lease liabilities as of December 31, 2022 are as follows:


	Amounts
	RMB			US$
	(in thousands)
2023		64,341			9,329
2024		42,687			6,189
2025		12,050			1,747
2026		4,088			593
2027		1,973			286
Total lease payments		125,139			18,144
Less imputed interest		(14,750	)		(2,139	)
Total		110,389			16,005

As of December 31, 2021 and 2022, the Company’s weighted-average remaining lease term was 1.10 and 1.70 years, and weighted-average discount rate was 6.69% and 6.71%, respectively.

As of December 31, 2021 and 2022, the Company does not have any significant operating or finance leases that have not yet commenced. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The Company leased office space and data centers from its related party, Ping An Company for a total amount of RMB119.86 million, RMB138.01 million and RMB151.78 million (US$22.01 million) for the years ended December 31, 2020, 2021 and 2022, respectively.

(t)

Income Taxes

The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance against deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. For reconciliation of tax computed by applying the respective statutory income tax rate to pre-tax income, please see “ TAXATION” under Note 6 to our audited consolidated financial statements.

The Company applies ASC 740, Accounting for Income Taxes, to account for uncertainty in income taxes. ASC 740 prescribes a recognition threshold a tax position is required to meet before being recognized in the financial statements. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of “income tax expense”, in the consolidated statements of comprehensive income.

(u)

Earnings Per Share

Earnings per share are calculated in accordance with ASC 260-10, Earnings per Share: Overall. Basic earnings per share are computed by dividing net income attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the year.

Diluted earnings per ordinary share reflects the potential dilution that could occur if securities to issue ordinary shares were exercised. The dilutive effect of outstanding share-based awards is reflected in the diluted earnings per share by application of the treasury stock method.

(v)

Comprehensive Income

Comprehensive income is defined to include all changes in shareholders’ equity except those resulting from investments by owners and distributions to owners. Among other disclosures, ASC 220-10, Comprehensive Income: Overall requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. For each of the periods presented, the Company’s comprehensive

income includes foreign currency translation adjustments and is presented in the consolidated statements of comprehensive income. There have been no reclassifications out of accumulated other comprehensive income to net income for the years presented.

(w)

Noncontrolling interests

Noncontrolling interests are recognized to reflect the portion of the equity of majority-owned subsidiary which is not attributable, directly or indirectly, to the controlling shareholder. Noncontrolling interests are classified as a separate line item in the equity section of the Company’s consolidated balance sheets and have been separately disclosed in the Company’s consolidated statements of comprehensive income to distinguish the interests from that of the Company.

(x)

Segment Reporting

In accordance with ASC 280-10, Segment Reporting: Overall, the Company’s chief operating decision maker has been identified as the Chief Executive Officer who reviews the consolidated results of operations when making decisions about allocating resources and assessing performance of the Company as a whole; hence, the Company has only one operating segment. The Company does not distinguish between markets or segments for the purpose of internal reporting. As the Company’s long-lived assets and revenue are substantially located in and derived from mainland China, no geographical segments are presented.

(y)

Employee Benefits

The full-time employees of the Company’s PRC subsidiaries and VIEs are entitled to staff welfare benefits including medical care, housing fund, pension benefits and unemployment insurance, which are governmental mandated defined contribution plans. These entities are required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. The total expenses for the employee benefits plans were RMB241.95 million, RMB418.52 million and RMB432.06 million (US$62.64 million) for the years ended December 31, 2020, 2021 and 2022, respectively.

(z)

Share-based Compensation

Share-based awards granted to employees are accounted for under ASC 718, Compensation—Stock Compensation, which requires that share-based awards granted to employees be measured based on the grant date fair value and recognized as compensation expense over the requisite service period (which is generally the vesting period) in the consolidated statements of comprehensive income. The Company has elected to recognize compensation expense using the straight-line method for all share-based awards granted with service conditions that have a graded vesting schedule. For awards with performance condition and multiple service dates, if the performance conditions are all set at inception and independent for each year, each tranche is accounted for as a separate award with its own requisite service period. Compensation cost is recognized over the respective requisite service period separately for each separately-vesting tranche as though each tranche of the award is, in substance, a separate award.

Under ASC 718, an entity can make an accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. The Company has elected to estimate the forfeiture rate at the time of grant and revise, if necessary, in subsequent periods if actual forfeitures differ from initial estimates. The Company recognizes compensation cost for awards with performance conditions if and when the Company concludes that it is probable that the performance condition will be achieved. The Company reassesses the probability of vesting at each reporting period for awards with performance conditions and adjusts compensation cost based on its probability assessment.

Forfeiture rates are estimated based on historical and future expectations of employee turnover rates and are adjusted to reflect future changes in circumstances and facts, if any. Share-based compensation expense is recorded net of estimated forfeitures such that expense is recorded only for those share-based awards that are expected to vest. To the extent the Company revises these estimates in the future, the share-based payments could be materially impacted in the period of revision, as well as in following periods. The Company, with the assistance of an independent third-party valuation firm, determined the fair value of the stock options granted to employees. The binomial option pricing model was applied in determining the estimated fair value of the options granted to employees. Subsequent to the IPO, fair value of the ADS in the US market or ordinary shares in the HK market is the price of the Company’s publicly traded shares.

The Company accounts for a change in any of the terms or conditions of share-based awards as a modification in accordance with ASC subtopic 718-20, Compensation-Stock Compensation: Awards Classified as Equity, whereby the incremental fair value, if any, of a modified award, is recorded as compensation cost on the date of modification for vested awards or over the remaining vesting period

for unvested awards. The incremental compensation cost is the excess of the fair value of the modified award on the date of modification over the fair value of the original award immediately before the modification.

(aa)

Other operating income, net

Value Added Tax (“VAT”) refunds are presented as a component of other operating income, net. For Beijing Prbrownies Software Co., Ltd. (“Beijing Prbrownies”) and Tianjin Autohome Software Co., Ltd. (“Tianjin Autohome”, formerly known as Tianjin Autohome Data Information Technology Co., Ltd.)., they are subject to 13% VAT (or 16% VAT before April 1, 2019) for the dealer subscription services and other services, which were sold in the form of software products. Beijing Prbrownies and Tianjin Autohome are entitled to an immediate 10% VAT (or 13% before April 1,2019) refund, which is a refund in excess of 3% VAT on the total VAT payable, after their registration of software products with relevant authorities and obtaining a refund approval from the local tax bureau. For the years ended December 31, 2020, 2021 and 2022, RMB218.41 million, RMB231.45 million and RMB223.93 million (US$32.47 million) of VAT refunds were recorded as other operating income, net.

Other operating income, net also includes government grants, which primarily represent subsidies and tax refunds for operating a business in certain jurisdictions and fulfilment of specified tax payment obligations. These grants are not subject to any specific requirements and are recorded when received. For the years ended December 31, 2020, 2021 and 2022, RMB210.02 million, RMB51.69 million and RMB56.41million (US$8.18 million) of government grants were recorded as other operating income, net.

(bb)

Commitment and contingencies

From time to time, the Company is subject to legal proceedings and claims in the ordinary course of business. Liabilities for such contingencies are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated.

(cc)

Business Combinations

The Company accounts for its business combinations using the acquisition method of accounting in accordance with ASC 805, Business Combinations. The cost of an acquisition is measured as the aggregate of the acquisition date fair values of the assets transferred and liabilities incurred by the Company to the sellers and equity instruments issued. Transaction costs directly attributable to the acquisition are expensed as incurred. Identifiable assets and liabilities acquired or assumed are measured separately at their fair values as of the acquisition date, irrespective of the extent of any noncontrolling interests. The excess of (i) the total costs of acquisition, fair value of the noncontrolling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the consolidated statements of comprehensive income. During the measurement period, which can be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of comprehensive loss.

In a business combination achieved in stages, the Company re-measures the previously held equity interest in the acquiree when obtaining control at its acquisition date fair value and the re-measurement gain or loss, if any, is recognized in the consolidated statements of comprehensive income.

For the Company’s majority-owned subsidiaries and consolidated VIEs, a noncontrolling interest is recognized to reflect the portion of their equity which is not attributable, directly or indirectly, to the Company. When the noncontrolling interest is contingently redeemable upon the occurrence of a conditional event, which is not solely within the control of the Company, the noncontrolling interests are classified as mezzanine equity. Consolidated net income on the consolidated statements of comprehensive income includes the net income/loss attributable to noncontrolling interests and mezzanine equity holders when applicable.

(dd)

Mezzanine Equity

The Company’s acquired subsidiary had issued preferred shares to the Company and other shareholders (Note 20), which could be converted into ordinary shares or redeemed by such shareholders upon the occurrence of certain events that are not solely within the control of the entity. Therefore, these preferred shares were accounted for as convertible redeemable noncontrolling interests in the consolidated balance sheets.

The Company accounts for the changes in accretion to the redemption value in accordance with ASC Topic 480, Distinguishing Liabilities from Equity. The Company accounts for the changes of redemption value over the period from the date of issuance to the earliest redemption date of the noncontrolling interest. According to different share purchase agreements, the accounting measurement varies among different rounds of issued preferred shares, which including (i) a percentage of the issue price, or (ii) the fair value of the underlying convertible redeemable noncontrolling interests or a percentage of the issue price, whichever is higher, and (iii) the fair value of the underlying convertible redeemable noncontrolling interests or the compound annual interests accrued on such convertible redeemable noncontrolling interests, whichever is higher.

For the determination of fair value, option pricing model was used. The major unobservable input used in the option pricing model included equity value of underlying business, which was determined by management using valuation techniques under the combination of income approach and market approach. The significant assumptions used in valuation included revenue growth rate, operating margin, discount rate and selection of valuation multiples.

(ee)

Recent Accounting Pronouncements

In June 2022, the FASB issued ASU No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, which clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. This guidance also requires certain disclosures for equity securities subject to contractual sale restrictions. The new guidance is required to be applied prospectively with any adjustments from the adoption of the amendments recognized in earnings and disclosed on the date of adoption. This guidance is effective for the Company for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect that the adoption of this guidance will have a material impact on its financial position, results of operations and cash flows.

(ff)

Concentration of Risk

Credit risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, short-term investments and accounts receivable. As of December 31, 2021, and 2022, cash and cash equivalents, restricted cash and short-term investments altogether amounting to RMB20,827.82 million and RMB22,095.07 million (US$3,203.48 million), respectively, were deposited with various major reputable financial institutions located in the PRC and international financial institutions outside of the PRC. Management believes that these financial institutions are of high credit quality and continually monitors the creditworthiness of these financial institutions. The Company’s total cash and cash equivalents, restricted cash, and short-term investments held at three financial institutions in mainland China, representing 23.5%, 17.7% and 14.1% of the Company’s total cash and cash equivalents, restricted cash, and short-term investments as of December 31, 2022, respectively. Historically, deposits in Chinese banks are secure due to the state policy on protecting depositors’ interests. However, China promulgated a new Bankruptcy Law in August 2006 that came into effect on June 1, 2007, which contains a separate article expressly stating that the State Council may promulgate implementation measures for the bankruptcy of Chinese banks based on the Bankruptcy Law. Under the new Bankruptcy Law, a Chinese bank may go into bankruptcy. In the event of bankruptcy of one of the banks which holds the Company’s deposits, it is unlikely to claim its deposits back in full since it is unlikely to be classified as a secured creditor based on PRC laws. The Company continues to monitor the financial strength of these financial institutions.

Accounts receivable are typically unsecured and derived from revenue earned from customers, which are exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring process of outstanding balances. The Company maintains reserves for allowance of doubtful accounts and these allowances have generally been within expectations. There was one customer and nil that individually represented greater than 10% of the total accounts receivable as of December 31, 2021 and 2022.

Business, customer, political, social and economic risks

The Company participates in a dynamic high technology industry and believes that changes in any of the following areas could have a material adverse effect on the Company’s future financial position, results of operations or cash flows; changes in the overall demand for services and products; changes in business offerings; epidemic outbreak that may cause disruption to business operation of the Company, its customers and suppliers; competitive pressures due to new entrants; acceptance of the Internet as an effective marketing platform by China’s automotive industry; changes in certain strategic relationships or customer relationships; growth in China’s

automotive industry, regulatory considerations; and risks associated with the Company’s ability to attract and retain employees necessary to support its growth.

There was no customer that individually represented greater than 10% of the total net revenues for the years ended December 31, 2020, 2021 and 2022, respectively.

Currency convertibility risk

The Company transacts majority of its business in RMB, which is not freely convertible into foreign currencies. According to the relevant regulations in mainland China, all foreign exchange transactions are required to take place either through the People’s Bank of China (“PBOC”) or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the PBOC. Approval of foreign currency payments by the PBOC or other institutions requires submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts.

Most of the cash and cash equivalents and short-term investments held by PRC subsidiaries and the VIEs are denominated in RMB, while a portion of cash and cash equivalents and short-term investments held by PRC subsidiaries and the VIEs are denominated in US$. Cash distributed outside of mainland China by PRC subsidiaries and the VIEs are subject to PRC dividend withholding tax.

Foreign Currency exchange rate risk

Since July 21, 2005, the RMB was permitted to fluctuate within a narrow and managed band against a basket of certain foreign currencies. There was appreciation of 6.7%, appreciation of 2.4%, and depreciation of 7.6% for the years ended December 31, 2020, 2021 and 2022, respectively. Any significant appreciation or depreciation of the RMB may materially and adversely affect the Company’s earnings and financial position, and the value of, and any dividends payable on, the Company’s ADSs in U.S. dollars. For example, to the extent that the Company need to convert U.S. dollars it received from its initial public offering into RMB to pay its operating expenses, appreciation of the RMB against the U.S. dollar would have an adverse effect on the RMB amount it would receive from the conversion. Conversely, a significant depreciation of the RMB against the U.S. dollar may significantly reduce the U.S. dollar equivalent of the Company’s earnings, which in turn could adversely affect the price of ADSs.

Fair Value Measurement

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurement

FAIR VALUE MEASUREMENT

Assets measured at fair value on a recurring basis


	Fair Value Measurement at December 31, 2022 Using
	Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable inputs (Level 3)		Fair Value at December 31, 2022
	RMB		RMB		RMB		RMB		US$
	(in thousands)
Cash equivalents
Time deposits		—		796,460		—		796,460		115,476
Short-term investments
Term deposits		—		14,267,056		—		14,267,056		2,068,529
Adjustable-rate financial products		—		5,003,746		—		5,003,746		725,475
Equity investments with readily determinable fair value		8,790		—		—		8,790		1,274
		8,790		20,067,262		—		20,076,052		2,910,754


	Fair Value Measurement at December 31, 2021 Using
	Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable inputs (Level 3)		Fair Value at December 31, 2021
	RMB		RMB		RMB		RMB
	(in thousands)
Cash equivalents
Time deposits		—		892,598		—		892,598
Short-term investments
Term deposits		—		10,484,066		—		10,484,066
Adjustable-rate financial products		—		6,007,859		—		6,007,859
Equity investments with readily determinable fair value		4,342		—		—		4,342
		4,342		17,384,523		—		17,388,865

Other financial instruments

The followings are other financial instruments not measured at fair value in the consolidated balance sheets, but for which the fair value is estimated for disclosure purposes.

Financial assets, including accounts receivable, amounts due from related parties, prepaid expenses and other current assets excluding prepayments and staff advances, and other non-current assets excluding operating lease right-of-use assets, are not measured at fair value in the consolidated balance sheets, and the carrying values approximated fair value due to their short-term maturity. Financial liabilities, including accrued expense and other payables, and amounts due to related parties, are also not measured at fair value in the consolidated balance sheets, and the carrying values approximated fair value due to their short-term maturity.

Assets and liabilities measured at fair value on a non-recurring basis

The Company measures certain assets, including long-term investments, goodwill and intangible assets, at fair value on a non-recurring basis when they are deemed to be impaired (Level 3). The fair values of these assets are determined based on valuation techniques using the best information available, and may include management judgments, future performance projections, etc. An impairment charge to these investments is recorded when the cost of the investment exceeds its fair value and this condition is determined to be other-than-temporary.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Accounts Receivable, Net

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Accounts Receivable, Net

ACCOUNTS RECEIVABLE, NET

Accounts receivable and allowance for credit losses consist of the following:


	As of December 31,
	2021			2022
	RMB			RMB			US$
	(in thousands)
Accounts receivable		2,317,034			2,113,454			306,422
Allowance for credit losses		(177,563	)		(185,755	)		(26,932	)
Total		2,139,471			1,927,699			279,490

The movements in the allowance for credit losses were as follows:


				Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			US$
	(in thousands)
Beginning balance		33,989			128,199			177,563			25,744
Additions charged to current expected credit loss		104,434			53,294			20,602			2,987
Reversal		(8,751	)		—			(12,303	)		(1,784	)
Write off		(1,473	)		(3,930	)		(107	)		(15	)
Ending balance		128,199			177,563			185,755			26,932

Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Prepayments		216,264		295,178		42,797
Rental and other deposits		20,371		20,634		2,992
Receivables from third-party payment platform		9,899		17,927		2,599
Interest receivable		1,495		2,431		352
Staff advances		1,395		672		97
Other receivables		30,824		20,680		2,999
		280,248		357,522		51,836

Prepayments primarily include prepaid VAT and surcharges, prepaid promotional expenses and service fee.

Taxation

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Taxation

TAXATION

Enterprise income tax

Cayman Islands

Autohome Inc. and certain of its subsidiaries are incorporated in the Cayman Islands and conduct substantially all of its business through its PRC subsidiaries and VIEs. Under the current laws of the Cayman Islands, Autohome Inc. and its subsidiaries are not subject to tax on income or capital gains. In addition, upon payments of dividends by these entities to their shareholders, no Cayman Islands withholding tax will be imposed.

British Virgin Islands

Cheerbright and Auto Pai Ltd. were incorporated in the British Virgin Islands and conducts substantially all of its business through its PRC subsidiaries and VIEs. Under the current laws of the British Virgin Islands, they are not subject to tax on income or capital gains. In addition, upon payments of dividends by these entities to their shareholders, no British Virgin Islands withholding tax will be imposed.

Hong Kong

Autohome (Hong Kong) Limited, Autohome Media, Autohome Link Hong Kong Limited, and TTP Car (HK) Limited were incorporated in Hong Kong. Subsidiaries in Hong Kong are subject to a two-tiered profits tax regime . The profits tax rate for the first HK$2 million of profits of corporations is 8.25%, while profits above that amount continue are subject to a rate of 16.5%. Under the Hong Kong tax law, the Company’s subsidiaries in Hong Kong are exempted from income tax on their foreign-derived income and there are no withholding taxes in Hong Kong on remittance of dividends.

Mainland China

Autohome WFOE, Chezhiying WFOE, Beijing Autohome Technologies Co., Ltd.(“Beijing Autohome Technologies”), Beijing Prbrownies, Hainan Chezhiyitong Information Technology Co., Ltd. (“Hainan Chezhiyitong”) and Tianjin Autohome are recognized as “High-New Technology Enterprise”(“HNTE”) and are eligible for a 15% preferential tax rate until 2024, 2023, 2023, 2023, 2022 and 2022, respectively, upon the completion of their filings with the relevant tax authorities. The qualification as an HNTE is subject to annual evaluation and a three-year review by the relevant authorities in China.

Chezhiying WFOE, Hainan Chezhiyitong and Tianjin Autohome are recognized as software enterprise (“SE”) and are exempt from income tax for the tax year of 2019 and 2020 and enjoyed a 50% reduction in the statutory income tax rate of 25% for the tax year of 2021. Above three entities can continue to enjoy the 12.5% preferential tax rate for the years of 2022 and 2023 provided that they maintains their status as a SE during each relevant tax year.

Beijing Prbrownies, and Tianjin Autohome were accredited as key software enterprise (“KSE”) under the relevant PRC laws and regulations as well in the tax filing of 2021, which tax rate will continue to apply for so long as it maintains its key software enterprise status during each relevant tax year. Beijing Prbrownies enjoyed a more preferential enterprise tax rate of 10% for the tax years 2020 and 2021.Tianjin Autohome has enjoyed a tax exemption for the tax year of 2021.

Except for the above-mentioned entities, the Company’s remaining PRC subsidiaries and all the VIEs were subject to enterprise income tax at a rate of 25% for 2020, 2021 and 2022.

The management subsequently assessed and concluded that uncertain preferential tax rates for certain subsidiaries were able to be realized in the year of 2022 and a reversal of RMB207.67 million (US$30.11million) was recorded in the year of 2022, composed of current income tax expense of RMB196.54 million (US$28.50 million) and deferred income tax expense of RMB11.13 million (US$1.61 million). A reversal of RMB331.96 million and RMB348.59 million was also recorded in the year of 2020 and 2021, each composed of current income tax expense of RMB371.83 million and deferred income tax benefit of RMB39.87 million , current income tax expense of RMB 317.94 million and deferred income tax expense of RMB30.65 million.

The basic earnings per share effects related to the preferential tax rate were RMB0.97, RMB1.11 and RMB0.54 (US$0.08) after considering the effects of the Share Subdivision as detailed in Note 2(a) for the years ended December 31, 2020, 2021 and 2022, respectively.

The New EIT Law also provides that enterprises established under the laws of foreign countries or regions and whose “place of effective management” is located within the PRC are considered PRC tax resident enterprises and subject to PRC income tax at the rate of 25% on worldwide income. The definition of “place of effective management” refers to an establishment that exercises, in substance, overall management and control over the production and business, personnel, accounting, properties, and other aspects of an enterprise. If the Company is deemed as a PRC tax resident, it would be subject to PRC tax under the New EIT Law. The Company has analyzed the applicability of this law and believes that the chance of being recognized as a tax resident enterprise is remote for PRC tax purposes.

The Company's subsidiaries incorporated in other jurisdictions were subject to income tax charges calculated according to the tax laws enacted or substantially enacted in the countries where they operate and generate income.

The Company had minimal operations in jurisdictions other than the PRC. Income/(loss) before income tax expense consists of:


	Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB		US$
	(in thousands)
Mainland China		3,770,148			2,328,917			1,724,835	250,079
Non-Mainland China		(231,207	)		(151,759	)		38,011	5,511
		3,538,941			2,177,158			1,762,846		255,590

The income tax expense/(benefit) is comprised of:


	Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			US$
	(in thousands)
Current		283,372			185,194			86,560			12,550
Deferred		(22,427	)		(151,188	)		(148,340	)		(21,507	)
		260,945			34,006			(61,780	)		(8,957	)

The reconciliation of income tax expense/(benefit) for the years ended December 31, 2020, 2021 and 2022 is as follows:


	Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			US$
	(in thousands)
Income before income tax expense		3,538,941			2,177,158			1,762,846			255,590
Income tax expense computed at Mainland China statutory tax rates (25%)		884,735			544,290			440,713			63,897
Non-deductible expenses		54,456			28,725			60,268			8,738
Research and development expenses super-deduction		(225,715	)		(185,801	)		(234,179	)		(33,953	)
Change in valuation allowances		(5,285	)		50,473			21,338			3,094
Outside basis difference		142			(1,111	)		(5,652	)		(819	)
Effect of international tax rate difference		8,682			37,940			(16,835	)		(2,441	)
Effect of preferential tax rate		(463,819	)		(552,567	)		(267,490	)		(38,782	)
Effect of withholding tax on dividend		76,610			164,946			(1,667	)		(242	)
Other adjustments (Note)		(68,861	)		(52,889	)		(58,276	)		(8,449	)
Income tax expense/(benefit)		260,945			34,006			(61,780	)		(8,957	)

Note: This amount mainly represents tax adjustments relating to share-based compensation exercised in 2019,2020 and 2021, which can be recognized in calculating income tax expense when realized at the completion of the Company’s tax returns, in 2020,2021 and 2022, respectively.

Deferred tax

The significant components of deferred taxes are as follows:


	As of December 31,
	2021			2022
	RMB			RMB			US$
	(in thousands)
Deferred tax assets
Allowance for doubtful accounts		35,359			37,092			5,378
Accrued staff cost and expenses		97,883			134,799			19,544
Deferred revenue		5,551			11,570			1,677
Tax losses		489,664			497,871			72,184
VAT refund		351			4,840			702
Less: Valuation allowances		(452,670	)		(420,566	)		(60,976	)
Total deferred tax assets		176,138			265,606			38,509

Deferred tax liabilities
Identifiable intangible assets arising from acquisition		52,460			41,350			5,995
Intangible assets and internally-developed software		32,540			21,181			3,071
Outside basis difference and others		437,963			428,474			62,123
Withholding income tax		53,835			26,921			3,903
Total deferred tax liabilities		576,798			517,926			75,092

In assessing the realizability of deferred tax assets, the Company has considered whether it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company records a valuation allowance to reduce deferred tax assets to a net amount that management believes is more-likely-than-not of being realizable based on the weight of all available evidence. The Company recorded valuation allowances against the deferred tax assets of the PRC subsidiaries and VIEs as of December 31, 2021 and 2022, respectively, due to the cumulative tax loss positions and insufficient forecasted future taxable income.

As of December 31, 2022, the Company had net operating losses of approximately RMB2,186.79 million (US$317.05 million), which can be carried forward to offset taxable income. The accumulated tax losses of subsidiaries in Mainland China were RMB2,164.50 million (US$313.82 million) as of December 31, 2022, which will expire, if unused, in the years ending December 31, 2023 through 2032.

Valuation allowance is provided against deferred tax assets when the Company determines that it is more-likely-than-not that the deferred tax assets will not be utilized in the future. Movement of valuation allowance is as follow:


	Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			US$
	(in thousands)
Valuation allowance
Balance at beginning of the year		(56,292	)		(402,197	)		(452,670	)		(65,631	)
Additions		(374,721	)		(93,165	)		(48,944	)		(7,096	)
Reversal		28,816			42,692			81,048			11,751
Balance at ending of the year		(402,197	)		(452,670	)		(420,566	)		(60,976	)

Deferred tax liabilities arising from undistributed earnings

The Enterprise Income Tax Law also imposes a withholding income tax of 10% on dividends distributed by a Foreign Invested Enterprises (“FIEs”) to its immediate holding company outside of China. A lower withholding income tax rate of 5% is applied if the FIE’s immediate holding company is registered in Hong Kong or other jurisdictions that have a tax treaty arrangement with China. As of December 31, 2022, the Company’s Hong Kong subsidiary, Autohome Media was identified as qualified subsidiary, and dividends are subject to a withholding tax rate of 5%.

On November 4, 2019, the Company's Board of Directors approved an annual cash dividend policy. Under the policy, starting from 2020, the Company will declare and distribute a recurring cash dividend at an amount equivalent to approximately 20% of the Company's net income in the previous fiscal year. On February 16, 2023, the Company’s Board approved an amendment to change the annual cash dividend to a fixed amount of at least RMB500.0 million between 2022 and 2026. In 2020, 2021 and 2022, the Company accrued RMB76.61 million, RMB53.84 million and RMB26.92 million (US$3.90 million) of deferred income tax expenses associated with the expected cash dividend payment, respectively.

As of December 31, 2021 and 2022, the total amount of undistributed earnings from the Company’s PRC subsidiaries and VIEs that are considered to be permanently reinvested was RMB14,620.44 million and RMB15,927.82 million (US$2,309.32 million), respectively. As of December 31, 2021and 2022, determination of the amount of unrecognized deferred tax liability related to the earnings that are indefinitely reinvested is not practical.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Property and Equipment, Net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following:


	As of December 31,
	2021			2022
	RMB			RMB			US$
	(in thousands)
At cost:
Electronic equipment		651,779			678,753			98,410
Office equipment		2,290			2,372			344
Motor vehicles		7,264			8,318			1,206
Software		419,326			475,935			69,004
Leasehold improvements		87,718			86,826			12,589
		1,168,377			1,252,204			181,553
Less: Accumulated depreciation		(786,881	)		(996,906	)		(144,538	)
		381,496			255,298			37,015

Depreciation expense was RMB158.23 million, RMB225.31 million and RMB226.09 million (US$32.78 million) for the years ended December 31, 2020, 2021 and 2022, respectively.

Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

INTANGIBLE ASSETS, NET

The following tables present the Company’s intangible assets with definite lives as of the respective balance sheet dates:


	December 31, 2022
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
	RMB		RMB			RMB		US$
	(in thousands)
Technologies		202,100		(80,840	)		121,260		17,581
Trademarks		175,308		(87,480	)		87,828		12,734
Customer relationship		46,900		(22,120	)		24,780		3,593
Websites		27,000		(27,000	)		—		—
Domain names		3,101		(2,616	)		485		70
Database		73,500		(29,400	)		44,100		6,394
Licensing agreements		3,024		(2,992	)		32		5
Insurance brokerage license		28,133		(28,133	)		—		—
		559,066		(280,581	)		278,485		40,377


	December 31, 2021
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
	RMB		RMB			RMB
	(in thousands)
Technologies		202,100		(40,420	)		161,680
Trademarks		175,309		(72,237	)		103,072
Customer relationship		46,900		(13,860	)		33,040
Websites		27,000		(27,000	)		—
Domain names		2,954		(2,277	)		677
Database		73,500		(14,700	)		58,800
Licensing agreements		2,798		(2,636	)		162
Insurance brokerage license		28,133		(28,133	)		—
		558,694		(201,263	)		357,431

The Company obtained insurance brokerage license in 2017 through acquisition of Shanghai Tianhe Insurance Brokerage Co., Ltd., which was accounted for as asset acquisition. The Company acquired TTP on December 31, 2020 and identified the intangible assets of technologies, trademarks, customer relationship and database (Note 19). The intangible assets are amortized using the straight-line method, which is the Company’s best estimate of how these assets will be economically consumed over their respective estimated useful lives ranging from approximately 1.75 to 15 years. Amortization expense was RMB12.05 million, RMB83.71 million and RMB79.10 million (US$11.47 million) for the years ended December 31, 2020, 2021 and 2022, respectively.

The annual estimated amortization expenses for the acquired intangible assets for each of the next five years are as follows:


	2023		2024		2025		2026		2027
	RMB		RMB		RMB		RMB		RMB
	(in thousands)
Amortization expenses		76,476		74,100		74,100		10,720		10,720

Long-Term Investments

12 Months Ended

Dec. 31, 2022

Schedule of Investments [Abstract]

Long-Term Investments

LONG-TERM INVESTMENTS

As of December 31, 2021 and 2022, the Company holds several equity investments through its subsidiaries or VIEs, all of which were accounted for under the equity method since the Company can exercise significant influence but does not own a majority equity interest in or control them.

Guangzhou Ping An Consumer Equity Investment Partnership (L.P.)

In January, 2022, the Company entered into a limited partner interest subscription agreement, a limited partnership agreement and certain other auxiliary documents with Ping An Capital Co., Ltd. (the “Fund Manager”), pursuant to which the Company agrees to subscribe for RMB400 million worth of limited partner interests in an equity investment fund managed by the Fund Manager.

Hunan Mango Autohome Automobile Sales Co., Ltd. (“Mango JV”)

In May 2015, the Company entered into a shareholder agreement with HappiGo Home Shopping Co. (“HappiGo”) to establish a strategic joint venture, Mango JV, with total capital contribution of RMB100 million, of which the Company subscribed for RMB49 million or 49% of the ordinary shares.

Visionstar Information Technology (Shanghai) Co., Ltd. (“Shanghai Visionstar”)

In July 2017, the Company acquired a 10% interest in Shanghai Visionstar, which primarily engages in augmented reality technology and related operations in mainland China, with a total cash consideration of RMB30 million. The investment was accounted for using equity method as the Company determined that it can exercise significant influence over Shanghai Visionstar.

Other investments

The Company also holds several other investments in equity investees.

The carrying amount of all of the equity method investments was RMB70.72 million and RMB419.2 million (US$60.8 million) as of December 31, 2021 and 2022, respectively. The Company excluded the summarized information for these equity method investees as they were insignificant either individually or on an aggregated basis for all the years presented.

The impairment associated with the equity method investments was immaterial during any of the years presented.

Other Non-current Assets

12 Months Ended

Dec. 31, 2022

Text Block [Abstract]

Other Non-current Assets

10.

OTHER NON-CURRENT ASSETS

Other non-current assets consist of the following:


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Operating lease right-of-use assets		133,383		115,118		16,691
Others		—		934		135
		133,383		116,052		16,826

Accrued Expenses and Other Payables

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

Accrued Expenses and Other Payables

11.

ACCRUED EXPENSES AND OTHER PAYABLES

The components of accrued expenses and other payables are as follows:


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Accrued expenses		550,848		1,200,237		174,018
Accrued rebates		646,723		580,989		84,235
Payroll and welfare payable		526,080		508,598		73,740
Operating lease liabilities - current portion		96,160		59,798		8,670
VAT and surcharges payable		31,307		47,908		6,946
Deposit from customers		21,058		13,129		1,904
Professional service fees		22,885		8,644		1,253
Payable for purchase of fixed assets		21,045		5,359		777
Payable for exercise of share-based awards		2,566		4,402		638
Others		125,925		108,217		15,689
		2,044,597		2,537,281		367,870

Related Party Transactions

12 Months Ended

Dec. 31, 2022

Related Party Transactions

12.

RELATED PARTY TRANSACTIONS

Yun Chen became the Company’s controlling shareholder in June 2016 and Yun Chen is a subsidiary of Ping An. Therefore Ping An Group became the Company’s related party since then.

During the years ended December 31, 2020, 2021 and 2022, related party transactions were as follows:


	Year ended December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)
Services provided to Ping An Group (a)		621,845		417,051		226,539		32,845
Services provided to other related parties		—		—		—		—
Net revenues from related parties		621,845		417,051		226,539		32,845

Services provided by and assets purchased from Ping An Group (b)		156,420		176,880		191,751		27,801
Services provided by and assets purchased from other related parties		5,625		714		2,378		345
Services provided by related parties		162,045		177,594		194,129		28,146

Interest income from Ping An Group		63,558		136,613		143,848		20,856

As of December 31, 2021 and 2022, balances with related parties were as follows:


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Amounts due from related parties, current
Ping An Group (c)		83,376		49,644		7,198

Amounts due from related parties, non-current
Ping An Group (c)		7,529		9,419		1,366

Amounts included in “Cash and cash equivalents” (d)		780,875		1,093,434		158,533
Amounts included in “Short-term investments” (d)		3,358,937		4,088,598		592,791
Amounts included in “Restricted cash” (d)		5,000		5,000		725

Amounts due to related parties
Ping An Group (e)		31,182		26,042		3,776
Other related parties		715		1,054		153
		31,897		27,096		3,929

(a)

The amount represents (i) the commission fee for transaction facilitation service on financial product including loan and insurance products, (ii) advertising services and (iii) technical services provided to Ping An Group.

(b)

The amount represents rental and property management services, technical services, other miscellaneous services and assets provided by Ping An Group.

(c)

Receivable from Ping An Group primarily consists of deposit in relation to the operating lease and other agreements, service fee receivable, and interest receivable from cash and cash equivalents.

(d)

The Company has cash or time deposits in commercial banks associated with Ping An Group and purchased certain short-term cash management products managed by Ping An Group as a part of the Company’s cash management plan.

(e)

The outstanding payable to Ping An Group primarily consists of payable for provision of services related to business operation, IDC service fee and other miscellaneous services.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

13.

COMMITMENTS AND CONTINGENCIES

Legal proceedings

From time to time, the Company is subject to legal proceedings and claims in the ordinary course of business. The Company does not believe that any currently pending legal proceeding to which the Company is a party will have a material effect on its business, balance sheets, or results of operations or cash flows.

Cost of Revenues

12 Months Ended

Dec. 31, 2022

Cost of Revenue [Abstract]

Cost of Revenues

14.

COST OF REVENUES


	Year ended December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)

Operational costs		388,648		520,805		548,309		79,497
Content costs		182,868		204,614		359,404		52,109
Bandwidth and IDC costs		113,858		105,343		113,150		16,405
Tax surcharges		96,958		39,240		97,379		14,119
Depreciation & amortization expenses and others		178,838		177,890		116,931		16,953
		961,170		1,047,892		1,235,173		179,083

Ordinary Shares

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Ordinary Shares

15.

ORDINARY SHARES

As of December 31, 2022, Autohome Inc. had 492,742,468 issued and outstanding ordinary shares after considering the effects of the Share Subdivision as detailed in Note 2(a).

On November 18, 2021, the Company announced a share repurchase program under which the Company may repurchase up to US$200 million of its ADSs over the next twelve months through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on the market conditions and in accordance with applicable rules and regulations.

The Company repurchased 3,520,260 ADSs (equal to 14,081,040 ordinary shares) from the open market with an aggregate purchase price of RMB719.13 million (US$104.26 million) during the year ended December 31, 2022. The repurchased shares have not been cancelled by the end of 2022 and are reflected as treasury stock.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI https://asc.fasb.org/topic&trid=2208762

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 13
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-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 13
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 14
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+ Details

Restricted Net Assets

12 Months Ended

Dec. 31, 2022

Other Restricted Assets [Abstract]

Restricted Net Assets

16.

RESTRICTED NET ASSETS

The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by the Company’s PRC subsidiaries only out of its retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of the Company’s PRC subsidiaries.

Under PRC law, the Company’s PRC subsidiaries are required to provide for certain statutory reserves, namely a general reserve, an enterprise expansion fund and a staff welfare and bonus fund. The subsidiary is required to allocate at least 10% of their after tax profits on an individual company basis as determined under PRC accounting standards to the general reserve and has the right to discontinue allocations to the general reserve if such reserve has reached 50% of registered capital on an individual company basis.

Appropriations to the enterprise expansion fund and staff welfare and bonus fund are at the discretion of the Board of Directors of the subsidiary. The Company’s VIEs in mainland China are also subject to similar statutory reserve requirements. These reserves can only be used for specific purposes and are not transferable to the Company in the form of loans, advances or cash dividends. As of December 31, 2020, 2021 and 2022, the Company’s PRC subsidiaries and VIEs had appropriated RMB87.76 million, RMB91.34 million and RMB93.59 million (US$13.57 million), respectively, of retained earnings for its statutory reserves.

As a result of these PRC laws and regulations subject to the limit discussed above that require annual appropriations of 10% of after-tax income to be set aside, prior to payment of dividends as general reserve fund, the Company’s PRC subsidiaries and VIEs are restricted in their ability to transfer a portion of their net assets to the Company. As of December 31, 2021 and 2022, the amounts of net assets restricted including the paid-up capital, additional paid-in capital and the statutory reserve funds of the Company’s PRC subsidiaries and the net assets of the VIEs in which the Company has no legal ownership, were RMB4,924.95 million and RMB5,162.55 million (US$748.50 million), respectively.

Furthermore, cash transfers from the Company’s PRC subsidiaries to their parent companies outside of China are subject to PRC government control of currency conversion. Shortages in availability of foreign currency may temporarily restrict the ability of the PRC subsidiaries and VIEs to remit sufficient foreign currency to pay dividends or other payments to the Company, or otherwise satisfy their foreign currency denominated obligations.

Earnings Per Share/ADS

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share/ADS

17.

EARNINGS PER SHARE/ADS

Basic and diluted earnings per share for each of the years presented are calculated as follows:


	Year ended December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)
Basic earnings per share:
Numerator:
Net income attributable to ordinary shareholders		3,275,658		2,148,566		1,807,176		262,017
Denominator:
Weighted average ordinary shares outstanding		477,467,268		499,861,764		499,160,564		499,160,564
Basic earnings per share		6.86		4.30		3.62		0.52
Diluted earnings per share:
Numerator:
Net income attributable to ordinary shareholders		3,275,658		2,148,566		1,807,176		262,017
Denominator:
Weighted average ordinary shares outstanding		477,467,268		499,861,764		499,160,564		499,160,564
Dilutive effect of share-based awards		2,219,112		619,776		506,228		506,228
Weighted average number of shares outstanding-diluted		479,686,380		500,481,540		499,666,792		499,666,792
Diluted earnings per share		6.83		4.29		3.62		0.52

Earnings per ADS
Net income per ADS – basic (RMB)		27.44		17.19		14.48		2.10
Net income per ADS – diluted (RMB)		27.32		17.17		14.47		2.10

The effects of 481,828, 455,824 and 1,484,748 stock options were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive during the years ended December 31, 2020, 2021 and 2022, respectively. The effects of 90,536, 1,407,232 and 4,161,652 restricted shares were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive during the years ended December 31, 2020, 2021 and 2022, respectively.

Share-Based Compensation

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation

18.

SHARE-BASED COMPENSATION

In order to provide additional incentives to employees and to promote the success of the Company’s business, the Company adopted a share incentive plan in 2011 (the “2011 Plan”), a share incentive plan in 2013 (the “2013 Plan”), Amended and Restated 2016 Share Incentive Plan (the “2016 Plan”) and 2016 Share Incentive Plan II (the “2016 Plan II”) in 2016, collectively the “Plans”. The Company may grant share-based awards to its employees, directors and consultants to purchase an aggregate of no more than 31,372,400, 13,400,000, 19,560,000 and 12,000,000 ordinary shares (previously 7,843,100, 3,350,000, 4,890,000 and 3,000,000 ordinary shares, respectively before the Share Subdivision as detailed in Note 2(a) of the Company under the 2011 Plan, 2013 Plan, 2016 Plan and 2016 Plan II, respectively. 2011 Plan, 2013 Plan, 2016 Plan and 2016 Plan II were approved by the Board of Directors in May 2011, November 2013, March 2017 and December 2016, respectively. The Plans are administered by the Board of Directors or any of its committees as set forth in the Plans. For share options and restricted shares with service condition or performance condition granted under the Plans, majority are subject to vesting schedules of approximately four years with 25% of the awards vesting each year and have a contractual term of ten years.

Following the Share Subdivision and the ADS Ratio Change that became effective on February 5, 2021 as detailed in Note 2(a), each ordinary share was subdivided into four ordinary shares and each ADS represents four ordinary shares. Pro-rata adjustments have been made to the number of ordinary shares underlying each share option and restricted share granted, so as to give the participants the same proportion of the equity that they would have been entitled to prior to the Share Subdivision. Prior to February 5, 2021, one ordinary share was issuable upon the exercise of one outstanding share option or the vesting of one outstanding restricted share, respectively. Subsequent to the Share Subdivision, four ordinary shares are issuable upon the exercise of one outstanding share option or the vesting of one outstanding restricted share, respectively. The Share Subdivision has no impact on the number of share options, the number of

restricted shares, the weighted average exercise price per share option and the weighted average grant date fair value per restricted share as stated below.

Share options

The following table summarizes the Company’s employee share option activity under the share option plans:


	Number of options			Weighted average exercise price		Weighted average grant date fair value		Weighted average remaining contractual term		Aggregate intrinsic value (in thousands)
Outstanding, January 1, 2022		542,828			51.33		25.80		8.88		206
Granted		146,240			28.33		19.82
Exercised		(5,000	)		22.19
Forfeited/Cancelled		(119,192	)		59.22
Outstanding, December 31, 2022		564,876			43.96		21.45		8.48		587
Vested and expected to vest at December 31, 2022		541,624			43.71		21.70		8.46		570
Exercisable as of December 31, 2022		149,128			54.42		30.93		7.04		196

The aggregate intrinsic value in the table above is calculated as the difference between the exercise price of the underlying awards and US$30.60, the closing stock price of the Company’s ordinary shares on December 31, 2022. The weighted-average grant-date fair value of options granted during the years ended December 31, 2020, 2021 and 2022 was US$40.52, US$23.00 and US$19.82, respectively. The total grant date fair value of options vested during the years ended December 31, 2020, 2021 and 2022 was RMB58.09 million, RMB32.23 million and RMB19.60 million (US$2.84 million), respectively. Total intrinsic value of options exercised during the years ended December 31, 2020, 2021 and 2022 was RMB170.37 million, RMB27.95 million and RMB0.47 million (US$0.07 million), respectively.

The aggregate fair value of the outstanding options at the grant dates were determined to be RMB83.58 million (US$12.12 million) and such amount shall be recognized as compensation expenses using the straight-line method for all employee share options granted with graded vesting. As of December 31, 2022, there was RMB39.00 million (US$5.65 million) of total unrecognized share-based compensation expenses, net of estimated forfeitures, related to unvested share-based awards, which are expected to be recognized over a weighted-average period of 2.93years. Total unrecognized compensation expenses may be adjusted for future changes in estimated forfeitures.

Restricted shares

Restricted shares activity for the year ended December 31, 2022 was as follows:


	Number of shares			Weighted average grant date fair value
Outstanding, January 1, 2022		1,290,159			55.34
Granted		1,734,540			33.46
Vested		(404,930	)		60.52
Forfeited/Cancelled		(330,509	)		40.20
Outstanding, December 31, 2022		2,289,260			34.22
Expected to vest, December 31, 2022		1,769,765			34.30

The weighted average grant-date fair value of restricted shares granted during the years ended December 31, 2020, 2021 and 2022 was US$85.44, US$50.79 and US$33.46, respectively, which was derived from the fair value of the underlying ordinary shares. The total grant date fair value of restricted shares vested during the years ended December 31, 2020, 2021 and 2022 was RMB144.76 million, RMB165.68 million and RMB172.59 million (US$25.02 million). The aggregate fair value of the outstanding restricted shares at the grant dates were determined to be RMB540.24 million (US$78.33 million) and such amount shall be recognized as compensation expense using the straight-line method for all restricted shares granted with graded vesting. As of December 31, 2022, there was RMB332.45 million (US$48.20 million) of total unrecognized share-based compensation expenses, net of estimated forfeitures, related

to unvested restricted shares which are expected to be recognized over a weighted-average period of 3.07 years. Total unrecognized compensation expenses may be adjusted for future changes in estimated forfeitures.

The binomial option pricing model was applied in determining the estimated fair value of the options granted to employees. The model requires the input of highly subjective assumptions including the estimated expected stock price volatility and the exercise multiple for which employees are likely to exercise share options. For expected volatilities, the Company has referred to the historical price volatilities of the Company. The exercise multiple is estimated as the ratio of fair value of underlying shares over the exercise price as at the time the option is exercised and is based on a consideration of research study regarding exercise pattern based on historical statistical data. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury Bills yield curve in effect at the time of grant. The Company’s management is ultimately responsible for the determination of the estimated fair value of its options. Subsequent to the IPO, fair value of the ordinary shares was the price of the Company’s publicly traded shares.

The Company calculated the estimated fair value of the share-based awards on the respective grant dates using the binomial option pricing model with the following assumptions:


	2020	2021	2022
Fair value of ordinary share	US$77.32-US$94.46	US$31.06-US$119.82	US$28.76-US$39.35
Risk-free interest rates	0.62%-1.92%	1.09%-1.62%	1.52%-3.91%
Expected exercise multiple	2.2-2.8	2.2-2.8	2.2-2.8
Expected volatility	52%-53%	51%-52%	52%-54%
Expected dividend yield	1.00%	1.00%		1.00	%
Weighted average fair value per option granted	US$30.00 - US$44.69	US$10.51-US$60.83	US$3.83-US$21.32

Share-based compensation expenses relating to options and restricted shares granted to employees recognized for the years ended December 31, 2020, 2021 and 2022 is as follows:


	Year ended December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)
Cost of revenues		21,372		23,142		8,608		1,248
Sales and marketing expenses		40,103		46,823		38,317		5,555
General and administrative expenses		55,868		48,803		53,209		7,715
Product development expenses		93,863		87,292		68,756		9,969
		211,206		206,060		168,890		24,487

Acquisition

12 Months Ended

Dec. 31, 2022

Business Combinations [Abstract]

Acquisition

19.

ACQUISITION

In October 2020, the Company entered into a definitive agreement with TTP, an auction platform for used cars in China. Pursuant to the agreement, the Company committed to make an investment in TTP through subscription of preferred shares of TTP for an aggregate purchase price of US$168 million , including (i) the first closing transaction of US$143 million in exchange for 31.48% preferred shares of TTP on an as-converted basis; and (ii) the second closing transaction of US$25 million, in exchange for an additional 4.17% preferred shares of TTP. In addition, the Company also obtained the right to purchase up to US$200 million in total principal amount of convertible bonds (“New Warrant”) to be issued by TTP upon the Company's request.

The first closing transaction was completed on December 31, 2020, which gave the Company 51% voting rights at the shareholders’ level and the right to appoint majority members on TTP’s Board of Directors. Therefore, the Company obtained control over TTP on December 31, 2020. After the first closing, the Company held investments in TTP both in forms of convertible bonds (“CB”) and preferred shares, representing in aggregate 48.87% of TTP’s equity interest on as-converted basis. In April 2021, the Company completed the second closing of its investment in TTP with a cash consideration of US$25 million. In June 2021, the CB and the related accrued interest held by the Company was converted into preferred shares of TTP. After the second closing and the conversion of CB, the Company held 51.00% of TTP’s equity interest.

The acquisition was accounted for as a business combination. The financial position and results of operation of TTP and its subsidiaries were included in the Company’s consolidated financial statements on December 31, 2020. Since the acquisition was effective on the

last day of the fiscal year, the impact was immaterial to the results of operations for the year ended December 31, 2020. Total purchase price for the acquisition comprised of:


	Amount
	RMB
	(in thousands)
Total Cash consideration		935,932
Less: consideration for New Warrant		(74,383	)
Less: settlement of pre-existing relationship (Revised - Note 1)		(129,571	)
Purchase consideration		731,978

The Company made estimates and judgments in determining the fair value of the assets acquired and liabilities assumed with the assistance from an independent valuation firm. The purchase price allocation as the date of the acquisition is as follows:


	Amount			Amortization Period
	RMB
	(in thousands)
Intangible assets
- Technologies		202,100		5 years
- Trademarks		106,900		10 years
- Customer relationship		41,300		5 years
- Database		73,500		5 years
Goodwill (Revised -Note 1)		2,437,542
Net liabilities acquired, excluding intangible assets and the related deferred tax liabilities		(861,918	)
Deferred tax liabilities		(63,570	)
Noncontrolling interests		(147,639	)
Convertible redeemable noncontrolling interests (Note 2)		(1,056,237	)
		731,978

Note 1: The Company corrected the amount of goodwill, retained earnings in equity, interest and investment income, net by revising the previously issued financial statements as of December 31, 2021 and for the year ended December 31, 2020. The correction involved revising an understatement of loss from settlement of a pre-existing relationship in connection with the TTP acquisition in 2020 resulting in a RMB129.57 million decrease to interest and investment income, net in the consolidated statement of Comprehensive Income for the year ended December 31, 2020, a RMB129.57 million decrease to retained earnings in equity as of December 31, 2021 and a corresponding decrease of RMB129.57 million in goodwill as of December 31, 2021. The following is a summary of the correction to the financial statement accounts:


	For the year ended December 31, 2020							As of December 31, 2021
	As Previously Reported		Correction			As Revised		As Previously Reported		Correction			As Revised
	RMB		RMB			RMB		RMB		RMB			RMB
	(in thousands)
-Interest and investment income, net		521,731		(129,571	)		392,160
-Income before income taxes		3,668,512		(129,571	)		3,538,941
-Net income		3,407,567		(129,571	)		3,277,996
-Goodwill									4,071,391		(129,571	)		3,941,820
-Retained earnings									14,940,778		(129,571	)		14,811,207

Note 2: TTP had previously issued preferred shares in several series to certain shareholders, which could be redeemed by such shareholders upon the occurrence of certain events. The outcome of these events is not solely within the control of TTP and, therefore, these preferred shares have been accounted for as convertible redeemable noncontrolling interests.

The excess of purchase price over net tangible assets and identifiable intangible assets acquired was recorded as goodwill. Goodwill primarily represents the expected synergies from combining the TTP’s resources and experiences in the used car auction industry with the Company’s current business. The goodwill is not expected to be deductible for tax purposes.

Mezzanine Equity

12 Months Ended

Dec. 31, 2022

Temporary Equity [Line Items]

Mezzanine Equity

20.

MEZZANINE EQUITY


	As of December 31,
	2021		2022		2022
	RMB		RMB		US$
	(in thousands)

Balance as of January 1		1,056,237		1,468,029		212,844
Accretion of mezzanine equity		411,792		137,610		19,952
Balance as of December 31		1,468,029		1,605,639		232,796

Pursuant to the agreement that was entered into between the Company and TTP (Note 19), after the second closing and conversion of CB, the Company held 51.00% of TTP’s equity interest on as-converted basis.

As of December 31, 2021 and 2022, TTP had issued 142,196,089 and 142,196,089 preferred shares, respectively, to certain shareholders (including 80,340,268 shares held by one subsidiary of the Company and eliminated in consolidated financial statements), which could be converted into ordinary shares or redeemed by such shareholders upon the occurrence of certain events that are not solely within the control of TTP. Therefore, these preferred shares were accounted for as convertible redeemable noncontrolling interests.

Covid - 19	12 Months Ended
Covid - 19	Dec. 31, 2022
Unexpected Events [Abstract]
Covid -19	21. COVID-19 The automotive industry in China was negatively impacted by the COVID-19 pandemic, during which automobile production and the number of purchasers declined due to precautionary government-imposed closures of certain travel and business, the government’s order to delay resumption of service and mass production and the related quarantine measures. The containment efforts led by the government also caused delay in the near-term marketing demand of the Company’s automaker and dealer customers. While substantially all of the restrictions on movement within China had been relaxed in the beginning of 2023, there is great uncertainty as to the future development of the COVID-19 outbreak and its impact on the automotive industry. However, the Company will pay close attention to the development of the COVID-19 pandemic and continue to evaluate the nature and extent of the impact to the Company’s financial condition.

Subsequent Events

12 Months Ended

Dec. 31, 2022

Subsequent Events [Abstract]

Subsequent Events

22.

SUBSEQUENT EVENTS

Dividends

On February 16, 2023, the Board of Directors has approved a dividend of US$0.58 per ADS (or US$0.145 per ordinary share) for fiscal year 2022, which was paid as of April 11, 2023.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Basis of Accounting

(a)

Basis of accounting

The accompanying consolidated financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”).

Principles of Consolidation

(b)

Principles of Consolidation

Use of Estimates

(c)

Use of Estimates

Foreign Currency

(d)

Foreign Currency

Convenience Translation

(e)

Convenience Translation

Cash and Cash Equivalents

(f)

Cash and Cash Equivalents

Short-term Investments

(g)

Short-term Investments

Restricted Cash and Consolidated Statements of Cash Flows

(h)

Restricted Cash and Consolidated Statements of Cash Flows

Restricted cash primarily represents cash deposits in a regulatory escrow account related to insurance brokerage services and litigation-related restricted balance.


	As of December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)
Amounts shown in Consolidated Balance Sheets:
Cash and cash equivalents		1,751,222		4,236,501		2,801,299		406,150
Restricted cash		17,926		95,055		14,175		2,055
Total cash, cash equivalents and restricted cash as shown in Consolidated Statements of Cash Flows		1,769,148		4,331,556		2,815,474		408,205

Fair Value Measurements of Financial Instruments

(i)

Fair Value Measurements of Financial Instruments

ASC topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1 – Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets

Level 2 – Include other inputs that are directly or indirectly observable in the marketplace

Level 3 – Unobservable inputs which are supported by little or no market activity

Property and Equipment

(j)

Property and Equipment

Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows:


Category		Estimated useful life
Electronic equipment		3 – 5 years
Office equipment		3 – 5 years
Motor vehicles		4 – 5 years
Software		3 – 5 years
Leasehold improvements		Shorter of lease term or the estimated useful lives of the assets

Intangible Assets

(k)

Intangible Assets


Category		Estimated useful life
Technologies		5 years
Trademarks		3-15 years
Customer relationship		5 years
Websites		4 years
Domain names		4-10 years
Database		5 years
Licensing agreements		1.75 years
Insurance brokerage license		4 years

Long-term Investments

(l)

Long-term Investments

Goodwill

(m)

Goodwill

Impairment of Long-Lived Assets and Intangibles

(n)

Impairment of Long-Lived Assets and Intangibles

Revenue Recognition and Accounts Receivable

(o)

Revenue Recognition and Accounts Receivable

The Company determines revenue recognition through the following steps

•

identification of the contract, or contracts, with a customer;

•

identification of the performance obligations in the contract;

•

determination of the transaction price;

•

allocation of the transaction price to the performance obligations in the contract; and

•

recognition of revenue when, or as, the Company satisfies a performance obligation

Media services

Leads generation services

Online marketplace and others

Online marketplace and others revenue primarily consist of revenues related to (i) data products, (ii) new and used vehicle transaction platform, and (iii) auto financing services and others.

Contract Balances and Accounts Receivable

Practical Expedients and Exemptions

Cost of Revenues

(p)

Cost of Revenues

Advertising Expenditures

(q)

Advertising Expenditures

Product Development Expenses

(r)

Product Development Expenses

Leases

(s)

Leases

The Company’s lease agreements contain both lease and non-lease components, which are accounted for separately based on their relative standalone price.

As of December 31, 2021 and 2022, the Company recognized the following items related to operating lease in its consolidated balance sheets.


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Operating lease ROU assets		133,383		115,118		16,691
Operating lease liabilities, current portion		96,160		59,798		8,670
Operating lease liabilities, non-current portion		28,619		50,591		7,335

Lease cost recognized in the Company’s consolidated statements of comprehensive income is summarized as follows:


		Year ended December 31,
		2020		2021		2022
	Classification	RMB		RMB		RMB		US$
		(in thousands)
Operating lease cost			117,479		131,529		128,081		18,570
	Cost of revenues		21,658		28,798		21,695		3,145
	Operating expenses		95,821		102,731		106,386		15,425
Cost of other leases with terms less than one year			96,065		99,923		87,603		12,701
	Cost of revenues		86,253		88,567		79,274		11,493
	Operating expenses		9,812		11,356		8,329		1,208

Maturities of operating lease liabilities as of December 31, 2022 are as follows:


	Amounts
	RMB			US$
	(in thousands)
2023		64,341			9,329
2024		42,687			6,189
2025		12,050			1,747
2026		4,088			593
2027		1,973			286
Total lease payments		125,139			18,144
Less imputed interest		(14,750	)		(2,139	)
Total		110,389			16,005

As of December 31, 2021 and 2022, the Company’s weighted-average remaining lease term was 1.10 and 1.70 years, and weighted-average discount rate was 6.69% and 6.71%, respectively.

Income Taxes

(t)

Income Taxes

Earnings Per Share

(u)

Earnings Per Share

Comprehensive Income

(v)

Comprehensive Income

Noncontrolling Interests

(w)

Noncontrolling interests

Segment Reporting

(x)

Segment Reporting

Employee Benefits

(y)

Employee Benefits

Share-based Compensation

(z)

Share-based Compensation

Other Operating Income, Net

(aa)

Other operating income, net

Commitment and Contingencies

(bb)

Commitment and contingencies

Business Combinations

(cc)

Business Combinations

Mezzanine Equity

(dd)

Mezzanine Equity

Recent Accounting Pronouncements

(ee)

Recent Accounting Pronouncements

Concentration of Risk

(ff)

Concentration of Risk

Credit risk

Business, customer, political, social and economic risks

automotive industry, regulatory considerations; and risks associated with the Company’s ability to attract and retain employees necessary to support its growth.

There was no customer that individually represented greater than 10% of the total net revenues for the years ended December 31, 2020, 2021 and 2022, respectively.

Currency convertibility risk

Foreign Currency exchange rate risk

Organization (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Principal Subsidiaries of Company

As of December 31, 2022, the following table sets forth the Company’s principal subsidiaries, principal VIEs and VIEs’ subsidiaries:


Entity	Date of incorporation or acquisition	Place of incorporation	Percentage of direct ownership by the Company
Principal Subsidiaries
Cheerbright International Holdings Limited (“Cheerbright”)	June 13, 2006	British Virgin Islands		100	%
Autohome Link Inc.	January 29, 2015	Cayman Islands		100	%
Autohome (Hong Kong) Limited (“Autohome HK”)	March 16, 2012	Hong Kong		100	%
Autohome Link Hong Kong Limited	February 16, 2015	Hong Kong		100	%
Autohome Media Limited (“Autohome Media”, formerly known as Prbrownies Marketing Limited)	October 18, 2013	Hong Kong		100	%
TTP Car Inc. (“TTP”)	June 12, 2015	Cayman Islands	51% (Note)
Auto Pai Ltd.	September 25, 2020	British Virgin Islands		51	%
TTP Car (HK) Limited	June 23, 2015	Hong Kong		51	%
Beijing Cheerbright Technologies Co., Ltd. (“Autohome WFOE”)	September 1, 2006	Mainland China		100	%
Autohome Shanghai Advertising Co., Ltd. (“Shanghai Advertising”)	September 29, 2013	Mainland China		100	%
Beijing Prbrownies Software Co., Ltd. (formerly known as “Beijing Autohome Software Co., Ltd.”)	November 12, 2013	Mainland China		100	%
Beijing Autohome Technologies Co., Ltd.	November 12, 2013	Mainland China		100	%
Beijing Autohome Advertising Co., Ltd.	November 13, 2013	Mainland China		100	%
Beijing Chezhiying Technology Co., Ltd. (“Chezhiying WFOE”)	May 26, 2015	Mainland China		100	%
Guangzhou Autohome Advertising Co., Ltd.	November 25, 2013	Mainland China		100	%
Guangzhou Chezhihuitong Advertising Co., Ltd.	August 20, 2018	Mainland China		100	%
Hainan Chezhiyitong Information Technology Co., Ltd.	August 20, 2018	Mainland China		100	%
Tianjin Autohome Software Co., Ltd.	October 15, 2018	Mainland China		100	%
Autohome Zhejiang Advertising Co., Ltd.	December 19, 2018	Mainland China		100	%
Shanghai Chezhitong Information Technology Co., Ltd.	September 16, 2020	Mainland China		100	%
Shanghai Jinpai E-commerce Co., Ltd. (“TTP WFOE”)	July 31, 2015	Mainland China		51	%

Principal VIEs and VIEs’ subsidiaries	Date of incorporation or acquisition	Place of incorporation	Percentage of indirect economic interest
Beijing Autohome Information Technology Co., Ltd. (“Autohome Information”)	August 28, 2006	Mainland China		100	%
Beijing Shengtuo Hongyuan Information Technology Co., Ltd. (“Shengtuo Hongyuan”)	November 8, 2010	Mainland China		100	%
Shanghai Tianhe Insurance Brokerage Co., Ltd.	September 21, 2017	Mainland China		100	%
Shanghai Jinwu Auto Technology Consultant Co., Ltd. (“Shanghai Jinwu”)	September 20, 2007	Mainland China		51	%
Shanghai Jinyou Auto Technology Consultant Co., Ltd. (“Shanghai Jinyou”)	December 3, 2021	Mainland China		51	%

Schedule of Assets, Liabilities, and Cash Flows of VIEs


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Current assets		735,968		745,057		108,023
Non-current assets		1,922,848		1,837,711		266,443
Total assets		2,658,816		2,582,768		374,466
Accrued expenses and other payables		255,661		253,681		36,780
Advance from customers		88,699		65,150		9,446
Deferred revenue		31,485		36,099		5,234
Inter-company payables		524,983		569,034		82,503
Total current liabilities		900,828		923,964		133,963
Other liabilities		4,202		6,542		947
Deferred tax liabilities		56,462		41,919		6,078
Total non-current liabilities		60,664		48,461		7,025
Total liabilities		961,492		972,425		140,988
Net assets		1,697,324		1,610,343		233,478


	Year ended December 31,
	2020		2021			2022
	RMB		RMB			RMB			US$
	(in thousands)
Net revenues
-Third-party revenues		700,608		948,520			882,276			127,918
-Inter-company revenues		173,299		131,524			160,272			23,237
Net (loss)/income		23,342		(89,397	)		(85,283	)		(12,365	)


	Year ended December 31,
	2020		2021			2022
	RMB		RMB			RMB			US$
	(in thousands)
Net cash (used in)/generated from operating activities		23,147		411,966			19,289			2,797
Net cash generated/(used in) from investing activities		193,190		(386,343	)		(812,606	)		(117,817	)
Net cash generated from financing activities		—		163,424			666,853			96,685

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Reconciliation of Cash, Cash Equivalents and Restricted Cash


	As of December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)
Amounts shown in Consolidated Balance Sheets:
Cash and cash equivalents		1,751,222		4,236,501		2,801,299		406,150
Restricted cash		17,926		95,055		14,175		2,055
Total cash, cash equivalents and restricted cash as shown in Consolidated Statements of Cash Flows		1,769,148		4,331,556		2,815,474		408,205

Schedule of Estimated Useful Life of Property and Equipment

Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows:


Category		Estimated useful life
Electronic equipment		3 – 5 years
Office equipment		3 – 5 years
Motor vehicles		4 – 5 years
Software		3 – 5 years
Leasehold improvements		Shorter of lease term or the estimated useful lives of the assets

Schedule of Estimated Useful Life of Intangible Assets

The estimated useful life for the intangible assets is as follows:


Category		Estimated useful life
Technologies		5 years
Trademarks		3-15 years
Customer relationship		5 years
Websites		4 years
Domain names		4-10 years
Database		5 years
Licensing agreements		1.75 years
Insurance brokerage license		4 years

Lease, Cost

Lease cost recognized in the Company’s consolidated statements of comprehensive income is summarized as follows:


		Year ended December 31,
		2020		2021		2022
	Classification	RMB		RMB		RMB		US$
		(in thousands)
Operating lease cost			117,479		131,529		128,081		18,570
	Cost of revenues		21,658		28,798		21,695		3,145
	Operating expenses		95,821		102,731		106,386		15,425
Cost of other leases with terms less than one year			96,065		99,923		87,603		12,701
	Cost of revenues		86,253		88,567		79,274		11,493
	Operating expenses		9,812		11,356		8,329		1,208

Lessee, Operating Lease, Liability, Maturity

Maturities of operating lease liabilities as of December 31, 2022 are as follows:


	Amounts
	RMB			US$
	(in thousands)
2023		64,341			9,329
2024		42,687			6,189
2025		12,050			1,747
2026		4,088			593
2027		1,973			286
Total lease payments		125,139			18,144
Less imputed interest		(14,750	)		(2,139	)
Total		110,389			16,005

Schedule of Operating Lease in its Unaudited Consolidated Balance Sheet

As of December 31, 2021 and 2022, the Company recognized the following items related to operating lease in its consolidated balance sheets.


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Operating lease ROU assets		133,383		115,118		16,691
Operating lease liabilities, current portion		96,160		59,798		8,670
Operating lease liabilities, non-current portion		28,619		50,591		7,335

Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis


	Fair Value Measurement at December 31, 2022 Using
	Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable inputs (Level 3)		Fair Value at December 31, 2022
	RMB		RMB		RMB		RMB		US$
	(in thousands)
Cash equivalents
Time deposits		—		796,460		—		796,460		115,476
Short-term investments
Term deposits		—		14,267,056		—		14,267,056		2,068,529
Adjustable-rate financial products		—		5,003,746		—		5,003,746		725,475
Equity investments with readily determinable fair value		8,790		—		—		8,790		1,274
		8,790		20,067,262		—		20,076,052		2,910,754


	Fair Value Measurement at December 31, 2021 Using
	Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable inputs (Level 3)		Fair Value at December 31, 2021
	RMB		RMB		RMB		RMB
	(in thousands)
Cash equivalents
Time deposits		—		892,598		—		892,598
Short-term investments
Term deposits		—		10,484,066		—		10,484,066
Adjustable-rate financial products		—		6,007,859		—		6,007,859
Equity investments with readily determinable fair value		4,342		—		—		4,342
		4,342		17,384,523		—		17,388,865

Accounts Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Schedule of Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable and allowance for credit losses consist of the following:


	As of December 31,
	2021			2022
	RMB			RMB			US$
	(in thousands)
Accounts receivable		2,317,034			2,113,454			306,422
Allowance for credit losses		(177,563	)		(185,755	)		(26,932	)
Total		2,139,471			1,927,699			279,490

Schedule of Analysis of Allowance for Doubtful Accounts

The movements in the allowance for credit losses were as follows:


				Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			US$
	(in thousands)
Beginning balance		33,989			128,199			177,563			25,744
Additions charged to current expected credit loss		104,434			53,294			20,602			2,987
Reversal		(8,751	)		—			(12,303	)		(1,784	)
Write off		(1,473	)		(3,930	)		(107	)		(15	)
Ending balance		128,199			177,563			185,755			26,932

Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Prepayments		216,264		295,178		42,797
Rental and other deposits		20,371		20,634		2,992
Receivables from third-party payment platform		9,899		17,927		2,599
Interest receivable		1,495		2,431		352
Staff advances		1,395		672		97
Other receivables		30,824		20,680		2,999
		280,248		357,522		51,836

Taxation (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income Before Income/(Loss) Tax Expenses

The Company had minimal operations in jurisdictions other than the PRC. Income/(loss) before income tax expense consists of:


	Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB		US$
	(in thousands)
Mainland China		3,770,148			2,328,917			1,724,835	250,079
Non-Mainland China		(231,207	)		(151,759	)		38,011	5,511
		3,538,941			2,177,158			1,762,846		255,590

Income Tax Expense

The income tax expense/(benefit) is comprised of:


	Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			US$
	(in thousands)
Current		283,372			185,194			86,560			12,550
Deferred		(22,427	)		(151,188	)		(148,340	)		(21,507	)
		260,945			34,006			(61,780	)		(8,957	)

Reconciliation of Income Tax Expense

The reconciliation of income tax expense/(benefit) for the years ended December 31, 2020, 2021 and 2022 is as follows:


	Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			US$
	(in thousands)
Income before income tax expense		3,538,941			2,177,158			1,762,846			255,590
Income tax expense computed at Mainland China statutory tax rates (25%)		884,735			544,290			440,713			63,897
Non-deductible expenses		54,456			28,725			60,268			8,738
Research and development expenses super-deduction		(225,715	)		(185,801	)		(234,179	)		(33,953	)
Change in valuation allowances		(5,285	)		50,473			21,338			3,094
Outside basis difference		142			(1,111	)		(5,652	)		(819	)
Effect of international tax rate difference		8,682			37,940			(16,835	)		(2,441	)
Effect of preferential tax rate		(463,819	)		(552,567	)		(267,490	)		(38,782	)
Effect of withholding tax on dividend		76,610			164,946			(1,667	)		(242	)
Other adjustments (Note)		(68,861	)		(52,889	)		(58,276	)		(8,449	)
Income tax expense/(benefit)		260,945			34,006			(61,780	)		(8,957	)

Components of Deferred Taxes

The significant components of deferred taxes are as follows:


	As of December 31,
	2021			2022
	RMB			RMB			US$
	(in thousands)
Deferred tax assets
Allowance for doubtful accounts		35,359			37,092			5,378
Accrued staff cost and expenses		97,883			134,799			19,544
Deferred revenue		5,551			11,570			1,677
Tax losses		489,664			497,871			72,184
VAT refund		351			4,840			702
Less: Valuation allowances		(452,670	)		(420,566	)		(60,976	)
Total deferred tax assets		176,138			265,606			38,509

Deferred tax liabilities
Identifiable intangible assets arising from acquisition		52,460			41,350			5,995
Intangible assets and internally-developed software		32,540			21,181			3,071
Outside basis difference and others		437,963			428,474			62,123
Withholding income tax		53,835			26,921			3,903
Total deferred tax liabilities		576,798			517,926			75,092

Movement of Valuation Allowance

Movement of valuation allowance is as follow:


	Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			US$
	(in thousands)
Valuation allowance
Balance at beginning of the year		(56,292	)		(402,197	)		(452,670	)		(65,631	)
Additions		(374,721	)		(93,165	)		(48,944	)		(7,096	)
Reversal		28,816			42,692			81,048			11,751
Balance at ending of the year		(402,197	)		(452,670	)		(420,566	)		(60,976	)

Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Summary of Property and Equipment

Property and equipment consist of the following:


	As of December 31,
	2021			2022
	RMB			RMB			US$
	(in thousands)
At cost:
Electronic equipment		651,779			678,753			98,410
Office equipment		2,290			2,372			344
Motor vehicles		7,264			8,318			1,206
Software		419,326			475,935			69,004
Leasehold improvements		87,718			86,826			12,589
		1,168,377			1,252,204			181,553
Less: Accumulated depreciation		(786,881	)		(996,906	)		(144,538	)
		381,496			255,298			37,015

Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets with Definite Lives

The following tables present the Company’s intangible assets with definite lives as of the respective balance sheet dates:


	December 31, 2022
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
	RMB		RMB			RMB		US$
	(in thousands)
Technologies		202,100		(80,840	)		121,260		17,581
Trademarks		175,308		(87,480	)		87,828		12,734
Customer relationship		46,900		(22,120	)		24,780		3,593
Websites		27,000		(27,000	)		—		—
Domain names		3,101		(2,616	)		485		70
Database		73,500		(29,400	)		44,100		6,394
Licensing agreements		3,024		(2,992	)		32		5
Insurance brokerage license		28,133		(28,133	)		—		—
		559,066		(280,581	)		278,485		40,377


	December 31, 2021
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
	RMB		RMB			RMB
	(in thousands)
Technologies		202,100		(40,420	)		161,680
Trademarks		175,309		(72,237	)		103,072
Customer relationship		46,900		(13,860	)		33,040
Websites		27,000		(27,000	)		—
Domain names		2,954		(2,277	)		677
Database		73,500		(14,700	)		58,800
Licensing agreements		2,798		(2,636	)		162
Insurance brokerage license		28,133		(28,133	)		—
		558,694		(201,263	)		357,431

Schedule of Annual Estimated Amortization Expenses for Acquired Intangible Assets

The annual estimated amortization expenses for the acquired intangible assets for each of the next five years are as follows:


	2023		2024		2025		2026		2027
	RMB		RMB		RMB		RMB		RMB
	(in thousands)
Amortization expenses		76,476		74,100		74,100		10,720		10,720

Other Non-current Assets (Tables)

12 Months Ended

Dec. 31, 2022

Text Block [Abstract]

Schedule of Other Non-Current Assets

Other non-current assets consist of the following:


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Operating lease right-of-use assets		133,383		115,118		16,691
Others		—		934		135
		133,383		116,052		16,826

Accrued Expenses and Other Payables (Tables)

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

Components of Accrued Expenses and Other Payables

The components of accrued expenses and other payables are as follows:


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Accrued expenses		550,848		1,200,237		174,018
Accrued rebates		646,723		580,989		84,235
Payroll and welfare payable		526,080		508,598		73,740
Operating lease liabilities - current portion		96,160		59,798		8,670
VAT and surcharges payable		31,307		47,908		6,946
Deposit from customers		21,058		13,129		1,904
Professional service fees		22,885		8,644		1,253
Payable for purchase of fixed assets		21,045		5,359		777
Payable for exercise of share-based awards		2,566		4,402		638
Others		125,925		108,217		15,689
		2,044,597		2,537,281		367,870

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Related Party Transactions

During the years ended December 31, 2020, 2021 and 2022, related party transactions were as follows:


	Year ended December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)
Services provided to Ping An Group (a)		621,845		417,051		226,539		32,845
Services provided to other related parties		—		—		—		—
Net revenues from related parties		621,845		417,051		226,539		32,845

Services provided by and assets purchased from Ping An Group (b)		156,420		176,880		191,751		27,801
Services provided by and assets purchased from other related parties		5,625		714		2,378		345
Services provided by related parties		162,045		177,594		194,129		28,146

Interest income from Ping An Group		63,558		136,613		143,848		20,856

Balances with Related Parties

As of December 31, 2021 and 2022, balances with related parties were as follows:


	As of December 31,
	2021		2022
	RMB		RMB		US$
	(in thousands)
Amounts due from related parties, current
Ping An Group (c)		83,376		49,644		7,198

Amounts due from related parties, non-current
Ping An Group (c)		7,529		9,419		1,366

Amounts included in “Cash and cash equivalents” (d)		780,875		1,093,434		158,533
Amounts included in “Short-term investments” (d)		3,358,937		4,088,598		592,791
Amounts included in “Restricted cash” (d)		5,000		5,000		725

Amounts due to related parties
Ping An Group (e)		31,182		26,042		3,776
Other related parties		715		1,054		153
		31,897		27,096		3,929

(a)

(b)

The amount represents rental and property management services, technical services, other miscellaneous services and assets provided by Ping An Group.

(c)

Receivable from Ping An Group primarily consists of deposit in relation to the operating lease and other agreements, service fee receivable, and interest receivable from cash and cash equivalents.

(d)

(e)

The outstanding payable to Ping An Group primarily consists of payable for provision of services related to business operation, IDC service fee and other miscellaneous services.

Cost of Revenues (Tables)

12 Months Ended

Dec. 31, 2022

Cost of Revenue [Abstract]

Schedule of Cost of Revenues


	Year ended December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)

Operational costs		388,648		520,805		548,309		79,497
Content costs		182,868		204,614		359,404		52,109
Bandwidth and IDC costs		113,858		105,343		113,150		16,405
Tax surcharges		96,958		39,240		97,379		14,119
Depreciation & amortization expenses and others		178,838		177,890		116,931		16,953
		961,170		1,047,892		1,235,173		179,083

Earnings Per Share/ADS (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share for each of the years presented are calculated as follows:


	Year ended December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)
Basic earnings per share:
Numerator:
Net income attributable to ordinary shareholders		3,275,658		2,148,566		1,807,176		262,017
Denominator:
Weighted average ordinary shares outstanding		477,467,268		499,861,764		499,160,564		499,160,564
Basic earnings per share		6.86		4.30		3.62		0.52
Diluted earnings per share:
Numerator:
Net income attributable to ordinary shareholders		3,275,658		2,148,566		1,807,176		262,017
Denominator:
Weighted average ordinary shares outstanding		477,467,268		499,861,764		499,160,564		499,160,564
Dilutive effect of share-based awards		2,219,112		619,776		506,228		506,228
Weighted average number of shares outstanding-diluted		479,686,380		500,481,540		499,666,792		499,666,792
Diluted earnings per share		6.83		4.29		3.62		0.52

Earnings per ADS
Net income per ADS – basic (RMB)		27.44		17.19		14.48		2.10
Net income per ADS – diluted (RMB)		27.32		17.17		14.47		2.10

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Company's Employee Share Option Activity

The following table summarizes the Company’s employee share option activity under the share option plans:


	Number of options			Weighted average exercise price		Weighted average grant date fair value		Weighted average remaining contractual term		Aggregate intrinsic value (in thousands)
Outstanding, January 1, 2022		542,828			51.33		25.80		8.88		206
Granted		146,240			28.33		19.82
Exercised		(5,000	)		22.19
Forfeited/Cancelled		(119,192	)		59.22
Outstanding, December 31, 2022		564,876			43.96		21.45		8.48		587
Vested and expected to vest at December 31, 2022		541,624			43.71		21.70		8.46		570
Exercisable as of December 31, 2022		149,128			54.42		30.93		7.04		196

Schedule of Restricted Shares Activity

Restricted shares activity for the year ended December 31, 2022 was as follows:


	Number of shares			Weighted average grant date fair value
Outstanding, January 1, 2022		1,290,159			55.34
Granted		1,734,540			33.46
Vested		(404,930	)		60.52
Forfeited/Cancelled		(330,509	)		40.20
Outstanding, December 31, 2022		2,289,260			34.22
Expected to vest, December 31, 2022		1,769,765			34.30

Schedule of Estimated Fair Value of Share-Based Awards on Respective Grant Dates using Binomial Option Pricing Model

The Company calculated the estimated fair value of the share-based awards on the respective grant dates using the binomial option pricing model with the following assumptions:


	2020	2021	2022
Fair value of ordinary share	US$77.32-US$94.46	US$31.06-US$119.82	US$28.76-US$39.35
Risk-free interest rates	0.62%-1.92%	1.09%-1.62%	1.52%-3.91%
Expected exercise multiple	2.2-2.8	2.2-2.8	2.2-2.8
Expected volatility	52%-53%	51%-52%	52%-54%
Expected dividend yield	1.00%	1.00%		1.00	%
Weighted average fair value per option granted	US$30.00 - US$44.69	US$10.51-US$60.83	US$3.83-US$21.32

Schedule of Share-Based Compensation Expenses

Share-based compensation expenses relating to options and restricted shares granted to employees recognized for the years ended December 31, 2020, 2021 and 2022 is as follows:


	Year ended December 31,
	2020		2021		2022
	RMB		RMB		RMB		US$
	(in thousands)
Cost of revenues		21,372		23,142		8,608		1,248
Sales and marketing expenses		40,103		46,823		38,317		5,555
General and administrative expenses		55,868		48,803		53,209		7,715
Product development expenses		93,863		87,292		68,756		9,969
		211,206		206,060		168,890		24,487

Acquisition (Tables)

12 Months Ended

Dec. 31, 2022

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition


	Amount
	RMB
	(in thousands)
Total Cash consideration		935,932
Less: consideration for New Warrant		(74,383	)
Less: settlement of pre-existing relationship (Revised - Note 1)		(129,571	)
Purchase consideration		731,978

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed


	Amount			Amortization Period
	RMB
	(in thousands)
Intangible assets
- Technologies		202,100		5 years
- Trademarks		106,900		10 years
- Customer relationship		41,300		5 years
- Database		73,500		5 years
Goodwill (Revised -Note 1)		2,437,542
Net liabilities acquired, excluding intangible assets and the related deferred tax liabilities		(861,918	)
Deferred tax liabilities		(63,570	)
Noncontrolling interests		(147,639	)
Convertible redeemable noncontrolling interests (Note 2)		(1,056,237	)
		731,978

Summary of Acquisition Adjustments to Financial Statement Accounts


	For the year ended December 31, 2020							As of December 31, 2021
	As Previously Reported		Correction			As Revised		As Previously Reported		Correction			As Revised
	RMB		RMB			RMB		RMB		RMB			RMB
	(in thousands)
-Interest and investment income, net		521,731		(129,571	)		392,160
-Income before income taxes		3,668,512		(129,571	)		3,538,941
-Net income		3,407,567		(129,571	)		3,277,996
-Goodwill									4,071,391		(129,571	)		3,941,820
-Retained earnings									14,940,778		(129,571	)		14,811,207

Mezzanine Equity (Tables)

12 Months Ended

Dec. 31, 2022

Temporary Equity [Line Items]

Summary of Mezzanine Equity


	As of December 31,
	2021		2022		2022
	RMB		RMB		US$
	(in thousands)

Balance as of January 1		1,056,237		1,468,029		212,844
Accretion of mezzanine equity		411,792		137,610		19,952
Balance as of December 31		1,468,029		1,605,639		232,796

Organization - Additional Information (Detail) ¥ in Thousands, $ in Thousands, $ in Thousands				1 Months Ended	12 Months Ended
	Mar. 15, 2021 HKD ($) shares	Feb. 19, 2021	Dec. 31, 2013 USD ($) shares	Nov. 30, 2014 USD ($) shares	Dec. 31, 2022 CNY (¥) Customer shares	Dec. 31, 2021 CNY (¥) Customer shares	Dec. 31, 2020 Customer	Dec. 31, 2022 USD ($) shares	Jun. 27, 2022	Feb. 22, 2017	Jun. 30, 2016	Jun. 23, 2008
Summary of Investment Holdings [Line Items]
Proceeds from issuance of shares \| ¥						¥ 3,565,843
Ordinary shares, shares issued					492,742,468	505,183,788		492,742,468
Ordinary shares, shares outstanding					492,742,468	505,183,788		492,742,468
No of ordinary shares per Ads after division \| Customer					4	4	4
No of ordinary shares per Ads before division \| Customer					1
Global Offering Including Over Allotment Option [Member]
Summary of Investment Holdings [Line Items]
Newly issued shares through offering	24,738,400
Global Offering Over Allotment Option [Member]
Summary of Investment Holdings [Line Items]
Newly issued shares through offering	4,544,000
Global Offering [Member]
Summary of Investment Holdings [Line Items]
Net proceeds from Global offering \| $	$ 4,294,850
American Depositary Shares [Member] \| IPO [Member]
Summary of Investment Holdings [Line Items]
Newly issued shares through offering			8,993,000
Proceeds from issuance of shares \| $			$ 142,590
American Depositary Shares [Member] \| Follow-on offering [Member]
Summary of Investment Holdings [Line Items]
Newly issued shares through offering				2,424,801
Proceeds from issuance of shares \| $				$ 97,340
Class A Ordinary Shares [Member]
Summary of Investment Holdings [Line Items]
Shares converted into Class A ordinary shares from Class B ordinary shares during the period				6,964,612
VIE Structure Concentration Risk [Member] \| Net Revenues [Member] \| Customer [Member]
Summary of Investment Holdings [Line Items]
Concentration percentage					12.70%	13.10%	8.10%
VIE Structure Concentration Risk [Member] \| Assets, Total [Member] \| Customer [Member]
Summary of Investment Holdings [Line Items]
Concentration percentage					7.60%	8.70%
VIE Structure Concentration Risk [Member] \| Liabilities, Total [Member] \| Customer [Member]
Summary of Investment Holdings [Line Items]
Concentration percentage					8.70%	9.50%
Consolidated VIEs [Member]
Summary of Investment Holdings [Line Items]
Amounts due from PRC subsidiaries					¥ 333,170	¥ 183,340		$ 48,310
Inter-company balances between VIE and WFOE and Autohome HK					¥ 569,030	¥ 524,980		$ 82,500
Exclusive technical consulting and service agreements [Member]
Summary of Investment Holdings [Line Items]
Extension option in agreement term		10 years
Exclusive technical consulting and service agreements [Member] \| Maximum [Member]
Summary of Investment Holdings [Line Items]
Term of agreement		30 years
Telstra Holdings Pty Ltd. [Member]
Summary of Investment Holdings [Line Items]
Percentage of the company owned by parent									55.00%			100.00%
Selling Shareholders of Cheerbright, China Topside and Norstar [Member]
Summary of Investment Holdings [Line Items]
Percentage of the Company owned by selling shareholders									45.00%
Ping An Insurance (Group) Company of China Ltd. [Member]
Summary of Investment Holdings [Line Items]
Percentage of the company owned by parent					45.60%			45.60%		6.50%	47.40%

Organization - Schedule of Principal Subsidiaries of Company (Detail)	12 Months Ended
	Dec. 31, 2022
Cheerbright International Holdings, Limited [Member]
Organization [Line Items]
Date of incorporation or acquisition	Jun. 13, 2006
Place of incorporation	British Virgin Islands
Percentage of direct ownership by the Company	100.00%
Autohome Link Inc. [Member]
Organization [Line Items]
Date of incorporation or acquisition	Jan. 29, 2015
Place of incorporation	Cayman Islands
Percentage of direct ownership by the Company	100.00%
Autohome (Hong Kong) Limited [Member]
Organization [Line Items]
Date of incorporation or acquisition	Mar. 16, 2012
Place of incorporation	Hong Kong
Percentage of direct ownership by the Company	100.00%
Autohome Link Hong Kong Limited [Member]
Organization [Line Items]
Date of incorporation or acquisition	Feb. 16, 2015
Place of incorporation	Hong Kong
Percentage of direct ownership by the Company	100.00%
Autohome Media Limited [Member]
Organization [Line Items]
Date of incorporation or acquisition	Oct. 18, 2013
Place of incorporation	Hong Kong
Percentage of direct ownership by the Company	100.00%
TTP Car Inc. ("TTP") [Member]
Organization [Line Items]
Date of incorporation or acquisition	Jun. 12, 2015
Place of incorporation	Cayman Islands
Percentage of direct ownership by the Company	51.00%
Auto Pai Ltd [Member]
Organization [Line Items]
Date of incorporation or acquisition	Sep. 25, 2020
Place of incorporation	British Virgin Islands
Percentage of direct ownership by the Company	51.00%
TTP Car (HK) Limited [Member]
Organization [Line Items]
Date of incorporation or acquisition	Jun. 23, 2015
Place of incorporation	Hong Kong
Percentage of direct ownership by the Company	51.00%
Beijing Cheerbright Technologies Co., Ltd. [Member]
Organization [Line Items]
Date of incorporation or acquisition	Sep. 01, 2006
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Autohome Shanghai Advertising Co., Ltd. ("Shanghai Advertising") [Member]
Organization [Line Items]
Date of incorporation or acquisition	Sep. 29, 2013
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Beijing Prbrownies Software Co., Ltd. (formerly known as Beijing Autohome Software Co., Ltd.) [Member]
Organization [Line Items]
Date of incorporation or acquisition	Nov. 12, 2013
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Beijing Autohome Technologies Co., Ltd. [Member]
Organization [Line Items]
Date of incorporation or acquisition	Nov. 12, 2013
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Beijing Autohome Advertising Co., Ltd. [Member]
Organization [Line Items]
Date of incorporation or acquisition	Nov. 13, 2013
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Beijing Chezhiying Technology Co., Ltd. ("Chezhiying WFOE") [Member]
Organization [Line Items]
Date of incorporation or acquisition	May 26, 2015
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Guangzhou Autohome Advertising Co., Ltd [Member]
Organization [Line Items]
Date of incorporation or acquisition	Nov. 25, 2013
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Guangzhou Chezhihuitong Advertising Co Ltd [Member]
Organization [Line Items]
Date of incorporation or acquisition	Aug. 20, 2018
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Hainan Chezhi Yitong Information Technology Company Limited [Member]
Organization [Line Items]
Date of incorporation or acquisition	Aug. 20, 2018
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Tianjin Autohome Software Co Ltd [Member]
Organization [Line Items]
Date of incorporation or acquisition	Oct. 15, 2018
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Autohome Zhejiang Advertising Co Ltd [Member]
Organization [Line Items]
Date of incorporation or acquisition	Dec. 19, 2018
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Shanghai Chezhitong Information Technology Co., Ltd. [Member]
Organization [Line Items]
Date of incorporation or acquisition	Sep. 16, 2020
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	100.00%
Shanghai Jinpai Ecommerce Co Ltd [Member]
Organization [Line Items]
Date of incorporation or acquisition	Jul. 31, 2015
Place of incorporation	Mainland China
Percentage of direct ownership by the Company	51.00%

Organization - Schedule of VIEs (Detail) - Consolidated VIEs [Member]	12 Months Ended
	Dec. 31, 2022
Beijing Autohome Information Technology Co., Ltd. [Member]
Variable Interest Entity [Line Items]
Date of incorporation or acquisition	Aug. 28, 2006
Place of incorporation	Mainland China
Percentage of indirect economic interest	100.00%
Beijing Shengtuo Hongyuan Information Technology Co., Ltd. [Member]
Variable Interest Entity [Line Items]
Date of incorporation or acquisition	Nov. 08, 2010
Place of incorporation	Mainland China
Percentage of indirect economic interest	100.00%
Shanghai Tianhe Insurance Brokerage Co., Ltd. [Member]
Variable Interest Entity [Line Items]
Date of incorporation or acquisition	Sep. 21, 2017
Place of incorporation	Mainland China
Percentage of indirect economic interest	100.00%
Shanghai Jinwu Auto Technology Consultant Co Ltd [Member]
Variable Interest Entity [Line Items]
Date of incorporation or acquisition	Sep. 20, 2007
Place of incorporation	Mainland China
Percentage of indirect economic interest	51.00%
Shanghai Jinyou Auto Technology Consultant Co., Ltd. [Member]
Variable Interest Entity [Line Items]
Date of incorporation or acquisition	Dec. 03, 2021
Place of incorporation	Mainland China
Percentage of indirect economic interest	51.00%

Organization - Schedule of Assets, Liabilities, and Cash Flows of VIEs (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 USD ($)
Variable Interest Entity [Line Items]
Current assets	¥ 24,424,931		¥ 23,325,718		$ 3,541,282
Non-current assets	5,290,888		5,073,717		767,107
Total assets	29,715,819		28,399,435		4,308,389
Accrued expenses and other payables	2,537,281		2,044,597		367,870
Advance from customers	96,047		123,370		13,926
Total current liabilities (including current liabilities of consolidated VIEs without recourse to Autohome WFOE, Chezhiying WFOE or TTP WFOE of RMB375,845 and RMB367,505 (US$ 53,283) as of December 31, 2021 and 2022, respectively)	4,058,676		3,986,219		588,452
Other liabilities	50,591		28,619		7,335
Deferred tax liabilities	517,926		576,798		75,092
Total non-current liabilities	568,517		605,417		82,427
Total liabilities	4,627,193		4,591,636		670,879
Net revenues	6,940,828	$ 1,006,325	7,237,004	¥ 8,658,559
Net income/(loss)	1,855,174	268,976	2,248,785	3,275,658
VIEs [Member]
Variable Interest Entity [Line Items]
Current assets	745,057		735,968		108,023
Non-current assets	1,837,711		1,922,848		266,443
Total assets	2,582,768		2,658,816		374,466
Accrued expenses and other payables	253,681		255,661		36,780
Advance from customers	65,150		88,699		9,446
Deferred revenue	36,099		31,485		5,234
Due to Affiliate, Current	569,034		524,983		82,503
Total current liabilities (including current liabilities of consolidated VIEs without recourse to Autohome WFOE, Chezhiying WFOE or TTP WFOE of RMB375,845 and RMB367,505 (US$ 53,283) as of December 31, 2021 and 2022, respectively)	923,964		900,828		133,963
Other liabilities	6,542		4,202		947
Deferred tax liabilities	41,919		56,462		6,078
Total non-current liabilities	48,461		60,664		7,025
Total liabilities	972,425		961,492		140,988
Net assets	1,610,343		1,697,324		$ 233,478
Net income/(loss)	(85,283)	(12,365)	(89,397)	23,342
Net cash generated (used in)/ from operating activities	19,289	2,797	411,966	23,147
Net cash generated/(used in) from investing activities	(812,606)	(117,817)	(386,343)	193,190
Net cash generated from financing activities	666,853	96,685	163,424	0
VIEs [Member] \| Inter Company Revenues [Member]
Variable Interest Entity [Line Items]
Net revenues	160,272	23,237	131,524	173,299
VIEs [Member] \| Third Party Revenues [Member]
Variable Interest Entity [Line Items]
Net revenues	¥ 882,276	$ 127,918	¥ 948,520	¥ 700,608

Summary of Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, ¥ in Thousands					12 Months Ended
	Feb. 05, 2021 USD ($) $ / shares shares	Apr. 01, 2019	Mar. 30, 2019	May 01, 2018	Dec. 31, 2022 CNY (¥) Segment Customer shares	Dec. 31, 2022 USD ($) Segment Customer	Dec. 31, 2021 CNY (¥) Customer shares	Dec. 31, 2020 CNY (¥) Customer	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 30, 2022	Dec. 31, 2021 $ / shares
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Exchange rate of one US$ to RMB										6.8972
Goodwill					¥ 3,941,820		¥ 3,941,820		$ 571,510,000
Goodwill, impairment loss \| ¥					0		0	¥ 0
Deferred revenue, revenue recognized					¥ 1,553,010	$ 225,170,000
Revenue, practical expedient, incremental cost of obtaining contract					true	true
Advertising expenditures					¥ 1,397,960	$ 202,680,000	1,341,620	1,795,330
Number of operating segment \| Segment					1	1
Total expenses for employee benefits					¥ 432,060	$ 62,640,000	¥ 418,520	¥ 241,950
Foreign currency exchange rate appreciation (depreciation)					7.60%	7.60%	2.40%	6.70%
Weighted Average Remaining Lease Term					1 year 8 months 12 days		1 year 1 month 6 days		1 year 8 months 12 days
Weighted average discount rate					6.71%		6.69%		6.71%
Operating leases, rental expenses					¥ 151,780	$ 22,010,000.00	¥ 138,010	¥ 119,860
Common stock shares value					¥ 8,550		¥ 8,523		$ 1,240,000
Common stock shares authorised \| shares					400,000,000,000		400,000,000,000		400,000,000,000
Common stock shares par value per share \| $ / shares									$ 0.0025		$ 0.0025
Gain loss on short term investment					¥ 73,300	10,600,000
ADR [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Common stock shares value \| $	$ 1,000,000,000
Common stock shares authorised \| shares	400,000,000,000
Common stock shares par value per share \| $ / shares	$ 0.0025
Stock holders equity note stock split	one ADS representing four ordinary shares
Other income, net
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Government grants					56,410	8,180,000	¥ 51,690	210,020
Vat Refunds					223,930	$ 32,470,000	231,450	¥ 218,410
Credit Concentration Risk [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents, restricted cash and term deposits					¥ 22,095,070		¥ 20,827,820		$ 3,203,480,000
Credit Concentration Risk [Member] \| Financial Institution One [Member] \| Onshore China [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage					23.50%	23.50%
Credit Concentration Risk [Member] \| Financial Institution Two [Member] \| Onshore China [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage					17.70%	17.70%
Credit Concentration Risk [Member] \| Financial Institution Three [Member] \| Onshore China [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage					14.10%	14.10%
Customer Concentration Risk [Member] \| Net Revenues [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Number of customers represented greater than 10% \| Customer					0	0	0	0
Customer Concentration Risk [Member] \| Net Revenues [Member] \| Customer [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage					10.00%	10.00%	10.00%	10.00%
Beijing Prbrownies Software Co., Ltd. \| Other income, net
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Value added tax refund rate			13.00%
Tianjin Autohome Software Co., Ltd. [Member] \| Other income, net
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Value added tax refund rate					10.00%	10.00%
Leads Generation Services [Member] \| Beijing Prbrownies Software Co., Ltd. \| Other income, net \| Maximum [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Value added tax rate		13.00%
Value added tax rate after refund			3.00%	3.00%
Leads Generation Services [Member] \| Beijing Prbrownies Software Co., Ltd. \| Other income, net \| Minimum [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Value added tax rate			16.00%
Leads Generation Services [Member] \| Tianjin Autohome Software Co., Ltd. [Member] \| Other income, net \| Maximum [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Value added tax rate					13.00%	13.00%
Value added tax rate after refund					3.00%	3.00%
Leads Generation Services [Member] \| Tianjin Autohome Software Co., Ltd. [Member] \| Other income, net \| Minimum [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Value added tax rate			16.00%

Summary of Significant Accounting Policies - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Detail) ¥ in Thousands, $ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CLP ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Accounting Policies [Abstract]
Cash and cash equivalents	¥ 2,801,299	$ 406,150	¥ 4,236,501			¥ 1,751,222
Restricted cash	14,175	2,055	95,055			17,926
Total cash, cash equivalents and restricted cash as shown in Consolidated Statements of Cash Flows	¥ 2,815,474	$ 408,205	¥ 4,331,556	$ 628,017	$ 1,769,148	¥ 1,769,148	¥ 1,993,498

Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Property and Equipment (Detail)	12 Months Ended
	Dec. 31, 2022
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Estimated useful life	Shorter of lease term or the estimated useful lives of the assets
Minimum [Member] \| Electric Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Estimated useful life	3 years
Minimum [Member] \| Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Estimated useful life	3 years
Minimum [Member] \| Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Estimated useful life	4 years
Minimum [Member] \| Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Estimated useful life	3 years
Maximum [Member] \| Electric Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Estimated useful life	5 years
Maximum [Member] \| Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Estimated useful life	5 years
Maximum [Member] \| Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Estimated useful life	5 years
Maximum [Member] \| Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Estimated useful life	5 years

Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Intangible Assets (Detail)	12 Months Ended
	Dec. 31, 2022
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	1 year 9 months
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	15 years
Technologies [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	5 years
Trademarks [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	3 years
Trademarks [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	15 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	5 years
Websites [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	4 years
Domain Names [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	4 years
Domain Names [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	10 years
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	1 year 9 months
Insurance Brokerage License [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	4 years
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Estimated useful life	5 years

Summary of Significant Accounting Policies - Schedule Of Operating Lease In Its Unaudited Consolidated Balance Sheet (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Accounting Policies [Abstract]
Operating lease ROU assets	¥ 115,118	$ 16,691	¥ 133,383
Operating lease liabilities, current portion	59,798	8,670	96,160
Operating lease liabilities, non-current portion	¥ 50,591	$ 7,335	¥ 28,619
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent	Other Assets, Noncurrent
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities, Current	Accounts Payable and Accrued Liabilities, Current	Accounts Payable and Accrued Liabilities, Current

Summary of Significant Accounting Policies - Schedule of Lease Cost (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Cost of revenues and operating expenses [Member]
Operating lease cost	¥ 128,081	$ 18,570	¥ 131,529	¥ 117,479
Cost of other leases with terms less than one year	87,603	12,701	99,923	96,065
Cost of Revenues [Member]
Operating lease cost	21,695	3,145	28,798	21,658
Cost of other leases with terms less than one year	79,274	11,493	88,567	86,253
Operating Expenses [Member]
Operating lease cost	106,386	15,425	102,731	95,821
Cost of other leases with terms less than one year	¥ 8,329	$ 1,208	¥ 11,356	¥ 9,812

Summary of Significant Accounting Policies - Summary Of Maturities Of Lease Liabilities Under Operating Leases (Detail) - Dec. 31, 2022 ¥ in Thousands, $ in Thousands	CNY (¥)	USD ($)
2023	¥ 64,341	$ 9,329
2024	42,687	6,189
2025	12,050	1,747
2026	4,088	593
2027	1,973	286
Total lease payments	125,139	18,144
Less imputed interest	(14,750)	(2,139)
Total	¥ 110,389	$ 16,005

Fair Value Measurement - Assets Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on recurring basis	¥ 20,076,052	$ 2,910,754	¥ 17,388,865
Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	796,460	115,476	892,598
Term Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	14,267,056	2,068,529	10,484,066
Adjustable-Rate Financial Products [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	5,003,746	725,475	6,007,859
Equity investments with readily determinable fair value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	8,790	$ 1,274	4,342
Fair Value Measurement Using Inputs Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on recurring basis	8,790		4,342
Fair Value Measurement Using Inputs Level 1 [Member] \| Equity investments with readily determinable fair value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	8,790		4,342
Fair Value Measurement Using Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on recurring basis	20,067,262		17,384,523
Fair Value Measurement Using Inputs Level 2 [Member] \| Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	796,460		892,598
Fair Value Measurement Using Inputs Level 2 [Member] \| Term Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	14,267,056		10,484,066
Fair Value Measurement Using Inputs Level 2 [Member] \| Adjustable-Rate Financial Products [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	5,003,746		6,007,859
Fair Value Measurement Using Inputs Level 2 [Member] \| Equity investments with readily determinable fair value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	¥ 0		¥ 0

Accounts Receivable, Net - Schedule of Accounts Receivable and Allowance for Doubtful Accounts (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Receivables [Abstract]
Accounts receivable	¥ 2,113,454	$ 306,422	¥ 2,317,034
Allowance for credit losses	(185,755)	(26,932)	(177,563)	$ (25,744)	¥ (128,199)	¥ (33,989)
Total	¥ 1,927,699	$ 279,490	¥ 2,139,471

Accounts Receivable, Net - Schedule of Analysis of Allowance for Doubtful Accounts (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Receivables [Abstract]
Beginning balance	¥ 177,563	$ 25,744	¥ 128,199	¥ 33,989
Additions charged to current expected credit loss	20,602	2,987	53,294	104,434
Reversal	(12,303)	(1,784)	0	(8,751)
Write off	(107)	(15)	(3,930)	(1,473)
Ending balance	¥ 185,755	$ 26,932	¥ 177,563	¥ 128,199

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayments	¥ 295,178	$ 42,797	¥ 216,264
Rental and other deposits	20,634	2,992	20,371
Receivables from third-party payment platform	17,927	2,599	9,899
Interest receivable	2,431	352	1,495
Staff advances	672	97	1,395
Other receivables	20,680	2,999	30,824
Prepaid expenses and other current assets	¥ 357,522	$ 51,836	¥ 280,248

Taxation - Additional Information (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Millions			12 Months Ended
	Nov. 04, 2019	Apr. 01, 2018 HKD ($)	Dec. 31, 2023	Dec. 31, 2022 CNY (¥) ¥ / shares	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 CNY (¥) ¥ / shares	Dec. 31, 2020 CNY (¥) ¥ / shares	Feb. 16, 2023 CNY (¥)	Dec. 31, 2022 USD ($)
Income Tax Contingency [Line Items]
Income tax expense				¥ (61,780)	$ (8,957,000)	¥ 34,006	¥ 260,945
Current income tax expense				86,560	12,550,000	185,194	283,372
Deferred income tax expense				¥ (148,340)	$ (21,507,000)	¥ (151,188)	¥ (22,427)
Effect of preferential tax rate, basic earning per ADS \| (per share)				¥ 0.54	$ 0.08	¥ 1.11	¥ 0.97
Net tax operating losses				¥ 2,186,790					$ 317,050,000.00
Withholding tax on dividend payment				(1,667)	$ (242,000)	¥ 164,946	¥ 76,610
Undistributed earnings from PRC Subsidiaries				15,927,820		14,620,440			$ 2,309,320,000
Dividend declared percent on net income	20.00%
Statutory Income Tax Rate, Amount				¥ 440,713	$ 63,897,000	544,290	884,735
Income tax dividend rate				5.00%	5.00%
Dividend Declared [Member]
Income Tax Contingency [Line Items]
Withholding tax on dividend payment				¥ 26,920	$ 3,900,000	¥ 53,840	¥ 76,610
Deferred tax liabilities cash dividend amount \| ¥								¥ 500,000
VIEs [Member]
Income Tax Contingency [Line Items]
Enterprise income tax rate				25.00%	25.00%	25.00%	25.00%
Hong Kong [Member] \| Maximum [Member]
Income Tax Contingency [Line Items]
Statutory EIT rate		16.50%
Hong Kong [Member] \| Minimum [Member]
Income Tax Contingency [Line Items]
Statutory EIT rate		8.25%
Hong Kong [Member] \| Subsidiaries [Member]
Income Tax Contingency [Line Items]
Income tax expense					$ 0
Hong Kong [Member] \| Two Tired Profits Tax Regime [Member]
Income Tax Contingency [Line Items]
Statutory Income Tax Rate, Amount		$ 2
China [Member]
Income Tax Contingency [Line Items]
Statutory EIT rate				25.00%	25.00%	25.00%	25.00%
Effect of change in enacted tax rate				¥ 207,670	$ 30,110,000	¥ 348,590	¥ 331,960
Current income tax expense				196,540	28,500,000	317,940	371,830
Deferred income tax expense				11,130	1,610,000	¥ 30,650	¥ 39,870
Accumulated tax losses.				¥ 2,164,500	$ 313,820,000
Withholding income tax rate on dividends distributed by FIEs				10.00%	10.00%
China [Member] \| Hainan Chezhiyitong Information Technology Co., Ltd. [Member]
Income Tax Contingency [Line Items]
Statutory EIT rate				25.00%	25.00%	25.00%
Reduction in statutory income tax rate				50.00%	50.00%	50.00%
China [Member] \| Hainan Chezhiyitong Information Technology Co., Ltd. [Member] \| Forecast [Member]
Income Tax Contingency [Line Items]
Statutory EIT rate			25.00%
Reduction in statutory income tax rate			50.00%
China [Member] \| Tianjin Autohome Software Co., Ltd [Member]
Income Tax Contingency [Line Items]
Statutory EIT rate				25.00%	25.00%	25.00%
Reduction in statutory income tax rate				50.00%	50.00%	50.00%
China [Member] \| Tianjin Autohome Software Co., Ltd [Member] \| Forecast [Member]
Income Tax Contingency [Line Items]
Statutory EIT rate			25.00%
Reduction in statutory income tax rate			50.00%
China [Member] \| High-New Technology Enterprise [Member]
Income Tax Contingency [Line Items]
Preferential statutory tax rate				15.00%	15.00%
China [Member] \| Key Software Enterprise [Member] \| Beijing Prbrownies Software Co., Ltd. (formerly known as Beijing Autohome Software Co., Ltd.) [Member]
Income Tax Contingency [Line Items]
Preferential statutory tax rate						10.00%	10.00%
China [Member] \| Software Enterprise [Member]
Income Tax Contingency [Line Items]
Preferential relevant year statutory tax rate				12.50%	12.50%
China [Member] \| Reduction in Taxes [Member]
Income Tax Contingency [Line Items]
Withholding income tax rate on dividends distributed by FIEs				5.00%	5.00%

Taxation - Income before Income/(Loss) Tax Expenses (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Income/(Loss) from Domestic and Foreign Components Before Income Tax Expenses [Abstract]
Mainland China	¥ 1,724,835	$ 250,079	¥ 2,328,917	¥ 3,770,148
Non-Mainland China	38,011	5,511	(151,759)	(231,207)
Income before income taxes	¥ 1,762,846	$ 255,590	¥ 2,177,158	¥ 3,538,941

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126941158&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Taxation - Income Tax Expense (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Income Tax Disclosure [Abstract]
Current	¥ 86,560	$ 12,550	¥ 185,194	¥ 283,372
Deferred	(148,340)	(21,507)	(151,188)	(22,427)
Income tax expense	¥ (61,780)	$ (8,957)	¥ 34,006	¥ 260,945

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Taxation - Reconciliation of Income Tax Expense (Detail)
¥ in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2022

CNY (¥)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

CNY (¥)

Dec. 31, 2020

CNY (¥)

Income Tax Disclosure [Abstract]

Income before income tax expense

¥ 1,762,846

$ 255,590

¥ 2,177,158

¥ 3,538,941

Income tax expense computed at Mainland China statutory tax rates (25%)

440,713

63,897

544,290

884,735

Non-deductible expenses

60,268

8,738

28,725

54,456

Research and development expenses super - deduction

(234,179)

(33,953)

(185,801)

(225,715)

Change in valuation allowances

21,338

3,094

50,473

(5,285)

Outside basis difference

(5,652)

(819)

(1,111)

142

Effect of international tax rate difference

(16,835)

(2,441)

37,940

8,682

Effect of preferential tax rate

(267,490)

(38,782)

(552,567)

(463,819)

Effect of withholding tax on dividend

(1,667)

(242)

164,946

76,610

Other adjustments

^[1]

(58,276)

(8,449)

(52,889)

(68,861)

Income tax expense

¥ (61,780)

$ (8,957)

¥ 34,006

¥ 260,945

[1]	This amount mainly represents tax adjustments relating to share-based compensation exercised in 2019,2020 and 2021, which can be recognized in calculating income tax expense when realized at the completion of the Company’s tax returns, in 2020,2021 and 2022, respectively.

Taxation - Reconciliation of Income Tax Expense (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
China [Member]
Income Tax Contingency [Line Items]
Percentage of PRC income tax	25.00%	25.00%	25.00%

Taxation - Components of Deferred Taxes (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Deferred tax assets
Allowance for doubtful accounts	¥ 37,092	$ 5,378	¥ 35,359
Accrued staff cost and expenses	134,799	19,544	97,883
Deferred revenue	11,570	1,677	5,551
Tax losses	497,871	72,184	489,664
VAT refund	4,840	702	351
Less: Valuation allowances	(420,566)	(60,976)	(452,670)
Total deferred tax assets	265,606	38,509	176,138
Deferred tax liabilities
Identifiable intangible assets arising from acquisition	41,350	5,995	52,460
Intangible assets and internally-developed software	21,181	3,071	32,540
Outside basis difference and others	428,474	62,123	437,963
Withholding income tax	26,921	3,903	53,835
Total deferred tax liabilities	¥ 517,926	$ 75,092	¥ 576,798

Taxation - Movement of valuation allowance (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Income Tax Disclosure [Abstract]
Balance at beginning of the year	¥ (452,670)	$ (65,631)	¥ (402,197)	¥ (56,292)
Additions	(48,944)	(7,096)	(93,165)	(374,721)
Reversal	81,048	11,751	42,692	28,816
Balance at ending of the year	¥ (420,566)	$ (60,976)	¥ (452,670)	¥ (402,197)

Property and Equipment, Net - Summary of Property and Equipment (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
At cost:
Property and equipment, gross	¥ 1,252,204	$ 181,553	¥ 1,168,377
Less: Accumulated depreciation	(996,906)	(144,538)	(786,881)
Property and equipment, net	255,298	37,015	381,496
Electronic Equipment [Member]
At cost:
Property and equipment, gross	678,753	98,410	651,779
Office Equipment [Member]
At cost:
Property and equipment, gross	2,372	344	2,290
Motor Vehicles [Member]
At cost:
Property and equipment, gross	8,318	1,206	7,264
Software [Member]
At cost:
Property and equipment, gross	475,935	69,004	419,326
Leasehold Improvements [Member]
At cost:
Property and equipment, gross	¥ 86,826	$ 12,589	¥ 87,718

Property and Equipment, Net - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Property, Plant and Equipment [Abstract]
Depreciation expense	¥ 226,090	$ 32,780	¥ 225,310	¥ 158,229

Intangible Assets, Net - Schedule of Intangible Assets with Definite Lives (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	¥ 559,066		¥ 558,694
Accumulated Amortization	(280,581)		(201,263)
Net Carrying Value	278,485	$ 40,377	357,431
Technologies [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	202,100		202,100
Accumulated Amortization	(80,840)		(40,420)
Net Carrying Value	121,260	17,581	161,680
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	175,308		175,309
Accumulated Amortization	(87,480)		(72,237)
Net Carrying Value	87,828	12,734	103,072
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	46,900		46,900
Accumulated Amortization	(22,120)		(13,860)
Net Carrying Value	24,780	3,593	33,040
Websites [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	27,000		27,000
Accumulated Amortization	(27,000)		(27,000)
Net Carrying Value	0	0	0
Domain Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	3,101		2,954
Accumulated Amortization	(2,616)		(2,277)
Net Carrying Value	485	70	677
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	73,500		73,500
Accumulated Amortization	(29,400)		(14,700)
Net Carrying Value	44,100	6,394	58,800
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	3,024		2,798
Accumulated Amortization	(2,992)		(2,636)
Net Carrying Value	32	5	162
Insurance Brokerage License [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	28,133		28,133
Accumulated Amortization	(28,133)		(28,133)
Net Carrying Value	¥ 0	$ 0	¥ 0

Intangible Assets, Net - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	¥ 79,104	$ 11,469	¥ 83,710	¥ 12,045
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful lives	1 year 9 months	1 year 9 months
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, estimated useful lives	15 years	15 years
Continuing Operations [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	¥ 79,100	$ 11,470	¥ 83,710	¥ 12,050

Intangible Assets, Net - Schedule of Annual Estimated Amortization Expenses for Acquired Intangible Assets (Detail) - Finite Lived Intangible Assets Future Amortization Expense [Member] ¥ in Thousands	Dec. 31, 2022 CNY (¥)
Finite-Lived Intangible Assets [Line Items]
2023	¥ 76,476
2024	74,100
2025	74,100
2026	10,720
2027	¥ 10,720

Long-Term Investments - Additional Information (Detail) ¥ in Thousands, $ in Millions		1 Months Ended	12 Months Ended
	May 31, 2015 CNY (¥)	Jul. 31, 2017 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Jan. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Schedule of Equity Method Investments [Line Items]
Subscription of limited partner interests				¥ 419,200	$ 60.8		¥ 70,720
Business acquisition cash consideration			¥ 935,932
Carrying amount of equity method investments				¥ 419,200	$ 60.8		¥ 70,720
Visionstar Information Technology (Shanghai) Co., Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Business acquisition percentage of interests acquired		10.00%
Business acquisition cash consideration		¥ 30,000
Hunan Mango Autohome Automobile Sales Co Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Total capital contribution	¥ 100,000
Cash consideration paid to joint venture	¥ 49,000
Ownership percentage	49.00%
Fund Manager [Member]
Schedule of Equity Method Investments [Line Items]
Subscription of limited partner interests						¥ 400,000
Carrying amount of equity method investments						¥ 400,000

Schedule of Other Non-Current Assets (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Other Assets, Noncurrent [Abstract]
Operating lease right-of-use assets	¥ 115,118	$ 16,691	¥ 133,383
Others	934	135	0
Other non-current assets	¥ 116,052	$ 16,826	¥ 133,383

Accrued Expenses and Other Payables - Components of Accrued Expenses and Other Payables (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Payables and Accruals [Abstract]
Accrued expenses	¥ 1,200,237	$ 174,018	¥ 550,848
Accrued rebates	580,989	84,235	646,723
Payroll and welfare payable	508,598	73,740	526,080
Operating lease liabilities - current portion	59,798	8,670	96,160
VAT and surcharges payable	47,908	6,946	31,307
Deposit from customers	13,129	1,904	21,058
Professional service fees	8,644	1,253	22,885
Payable for purchase of fixed assets	5,359	777	21,045
Payable for exercise of share-based awards	4,402	638	2,566
Others	108,217	15,689	125,925
Accrued expenses and other payables	¥ 2,537,281	$ 367,870	¥ 2,044,597

Related Party Transactions - Schedule of Related Party Transactions (Detail)
¥ in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2022

CNY (¥)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

CNY (¥)

Dec. 31, 2020

CNY (¥)

Related party transactions, sales

¥ 226,539

$ 32,845

¥ 417,051

¥ 621,845

194,129

28,146

177,594

162,045

Ping An Group [Member]

143,848

20,856

136,613

63,558

Ping An Group [Member] | Commission Fee And Advertising Service [Member]

Related party transactions, sales

^[1]

226,539

32,845

417,051

621,845

Ping An Group [Member] | Rental Property Management And Other Miscellaneous Services [Member]

^[2]

191,751

27,801

176,880

156,420

Other Related Parties [Member]

¥ 2,378

$ 345

¥ 714

¥ 5,625

[1]	The amount represents (i) the commission fee for transaction facilitation service on financial product including loan and insurance products, (ii) advertising services and (iii) technical services provided to Ping An Group.
[2]	The amount represents rental and property management services, technical services, other miscellaneous services and assets provided by Ping An Group.

- Definition

+ References

+ Details

Related Party Transactions - Balances with Related Parties (Detail)
¥ in Thousands, $ in Thousands

Dec. 31, 2022

CNY (¥)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

CNY (¥)

Amounts due from related parties, current

¥ 49,644

$ 7,198

¥ 83,376

Amounts due from related parties, non-current

9,419

1,366

7,529

Amounts included in "Cash and cash equivalents"

^[1]

1,093,434

158,533

780,875

Amounts included in "Short-term investments"

^[1]

4,088,598

592,791

3,358,937

Amounts included in "Restricted cash"

^[1]

5,000

725

5,000

Amounts due to related parties

27,096

3,929

31,897

Ping An Group [Member]

Amounts due from related parties, current

^[2]

49,644

7,198

83,376

Amounts due from related parties, non-current

^[2]

9,419

1,366

7,529

Amounts due to related parties

^[3]

26,042

3,776

31,182

Other Related Parties [Member]

Amounts due to related parties

¥ 1,054

$ 153

¥ 715

[1]	The Company has cash or time deposits in commercial banks associated with Ping An Group and purchased certain short-term cash management products managed by Ping An Group as a part of the Company’s cash management plan.
[2]	Receivable from Ping An Group primarily consists of deposit in relation to the operating lease and other agreements, service fee receivable, and interest receivable from cash and cash equivalents.
[3]	The outstanding payable to Ping An Group primarily consists of payable for provision of services related to business operation, IDC service fee and other miscellaneous services.

- Definition

The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle).

+ References

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Aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date, which are usually due after one year (or one business cycle).

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Carrying amount as of the balance sheet date of obligations due all related parties.

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Cost of Revenues - Schedule of Cost of Revenues (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Cost of Revenue [Abstract]
Operational Costs	¥ 548,309	$ 79,497	¥ 520,805	¥ 388,648
Content costs	359,404	52,109	204,614	182,868
Bandwidth and IDC costs	113,150	16,405	105,343	113,858
Tax surcharges	97,379	14,119	39,240	96,958
Depreciation & amortization expenses and others	116,931	16,953	177,890	178,838
Cost of revenues	¥ 1,235,173	$ 179,083	¥ 1,047,892	¥ 961,170

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

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Ordinary Shares - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 CNY (¥) shares	Nov. 18, 2021 USD ($)
Class of Stock [Line Items]
Ordinary shares, shares issued	492,742,468	492,742,468	505,183,788
Stock repurchased during period value \| ¥	¥ 719,133		¥ 31,204
Class A Ordinary Shares [Member]
Class of Stock [Line Items]
Stock repurchased during period shares	14,081,040	14,081,040
Stock repurchased during period value	¥ 719,130	$ 104,260
American Depositary Shares [Member]
Class of Stock [Line Items]
Stock repurchased during period shares	3,520,260	3,520,260
American Depositary Shares [Member] \| Share Repurchase Program [Member]
Class of Stock [Line Items]
Amount of stock repurchase plan authorized \| $				$ 200,000

Restricted Net Assets - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Restricted Net Assets [Abstract]
Percentage of after tax profits allocated to general reserve	10.00%
Percentage of maximum limit of registered capital to discontinue general reserve	50.00%
Appropriated retained earnings	¥ 93,590	$ 13,570	¥ 91,340	¥ 87,760
Restricted net assets	¥ 5,162,550	$ 748,500	¥ 4,924,950

Earnings Per Share/ADS - Schedule of Basic and Diluted Earnings Per Share (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares
Numerator:
Net income attributable to ordinary shareholders	¥ 1,807,176	$ 262,017	¥ 2,148,566	¥ 3,275,658
Denominator:
Weighted average ordinary shares outstanding	499,160,564	499,160,564	499,861,764	477,467,268
Basic earnings per share \| (per share)	¥ 3.62	$ 0.52	¥ 4.30	¥ 6.86
Numerator:
Net income attributable to ordinary shareholders	¥ 1,807,176	$ 262,017	¥ 2,148,566	¥ 3,275,658
Denominator:
Weighted average ordinary shares outstanding	499,160,564	499,160,564	499,861,764	477,467,268
Dilutive effect of share-based awards	506,228	506,228	619,776	2,219,112
Weighted average number of shares outstanding-diluted	499,666,792	499,666,792	500,481,540	479,686,380
Diluted earnings per share \| (per share)	¥ 3.62	$ 0.52	¥ 4.29	¥ 6.83
Earnings Per Share Attributable To Ordinary Shareholders [Abstract]
Net income per ADS - basic \| (per share)	3.62	0.52	4.30	6.86
Net income per ADS - diluted \| (per share)	3.62	0.52	4.29	6.83
ADR [Member]
Denominator:
Basic earnings per share \| (per share)	14.48	2.10	17.19	27.44
Denominator:
Diluted earnings per share \| (per share)	14.47	2.10	17.17	27.32
Earnings Per Share Attributable To Ordinary Shareholders [Abstract]
Net income per ADS - basic \| (per share)	14.48	2.10	17.19	27.44
Net income per ADS - diluted \| (per share)	¥ 14.47	$ 2.10	¥ 17.17	¥ 27.32

Earnings Per Share/ADS - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from calculation of diluted earnings per share	1,484,748	455,824	481,828
Restricted Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from calculation of diluted earnings per share	4,161,652	1,407,232	90,536

Share-Based Compensation - Additional Information (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥) Customer ¥ / shares shares	Dec. 31, 2022 USD ($) Customer $ / shares	Dec. 31, 2021 CNY (¥) Customer shares	Dec. 31, 2021 $ / shares shares	Dec. 31, 2020 CNY (¥) Customer	Dec. 31, 2020 $ / shares	Dec. 31, 2022 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price \| $ / shares							$ 30.60
Aggregate intrinsic value of options exercised	¥ 470	$ 70	¥ 27,950		¥ 170,370
Weighted average fair value per option granted \| $ / shares		$ 19.82		$ 23.00		$ 40.52
The total grant date fair value of options vested	19,600	$ 2,840	¥ 32,230		¥ 58,090
Aggregate fair value of outstanding options at the grant date	¥ 83,580						$ 12,120
No of ordinary shares per Ads before division \| Customer	1	1
No of ordinary shares per Ads after division \| Customer	4	4	4		4
Unrecognized share-based compensation expenses	¥ 39,000						$ 5,650
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value per option granted \| $ / shares		$ 21.32		$ 60.83		44.69
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested options/restricted shares expected to be recognized over a weighted-average period	2 years 11 months 4 days	2 years 11 months 4 days
Stock Options [Member] \| 2011 Plan [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based awards grant to employees, directors and consultants to purchase aggregate ordinary shares	31,372,400		7,843,100	7,843,100			31,372,400
Stock Options [Member] \| 2016 Plan [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based awards grant to employees, directors and consultants to purchase aggregate ordinary shares	19,560,000		4,890,000	4,890,000			19,560,000
Options and Restricted Shares [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	For share options and restricted shares with service condition or performance condition granted under the Plans, majority are subject to vesting schedules of approximately four years with 25% of the awards vesting each year and have a contractual term of ten years.	For share options and restricted shares with service condition or performance condition granted under the Plans, majority are subject to vesting schedules of approximately four years with 25% of the awards vesting each year and have a contractual term of ten years.
Vesting period	4 years	4 years
Original contractual term	10 years	10 years
Options and Restricted Shares [Member] \| Maximum [Member] \| Awards Vesting Percentage Each Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards vesting	25.00%	25.00%
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested options/restricted shares expected to be recognized over a weighted-average period	3 years 25 days	3 years 25 days
Aggregate fair value of the outstanding restricted shares	¥ 540,240	$ 78,330
Unrecognized compensation expense	¥ 332,450						$ 48,200
Weighted average grant date fair value, Granted \| (per share)	¥ 33.46	$ 33.46		$ 50.79		$ 85.44
Grant date fair value of restricted shares vested	¥ 172,590	$ 25,020	¥ 165,680		¥ 144,760
Restricted Shares [Member] \| 2013 Plan [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based awards grant to employees, directors and consultants to purchase aggregate ordinary shares	13,400,000		3,350,000	3,350,000			13,400,000
Restricted Shares [Member] \| 2016 Plan II [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based awards grant to employees, directors and consultants to purchase aggregate ordinary shares	12,000,000		3,000,000	3,000,000			12,000,000

Share-Based Compensation - Summary of Company's Employee Share Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Number of options, Outstanding, Beginning balance	542,828
Number of options, Granted	146,240
Number of options, Exercised	(5,000)
Number of options, Forfeited/Cancelled	(119,192)
Number of options, Outstanding, Ending balance	564,876	542,828
Number of options, Vested and expected to vest, Ending balance	541,624
Number of options, Exercisable, Ending balance	149,128
Weighted average exercise price, Outstanding, Beginning balance	$ 51.33
Weighted average exercise price, Granted	28.33
Weighted average exercise price, Exercised	22.19
Weighted average exercise price, Forfeited	59.22
Weighted average exercise price, Outstanding, Ending balance	43.96	$ 51.33
Weighted average exercise price, Vested and expected to vest	43.71
Weighted average exercise price, Exercisable	54.42
Weighted average grant date fair value, Outstanding, Beginning balance	25.80
Weighted average grant date fair value, Outstanding, Granted	19.82	23.00	$ 40.52
Weighted average grant date fair value, Outstanding, Ending balance	21.45	$ 25.80
Weighted average grant date fair value, Vested or expected to vest	21.70
Weighted average grant date fair value, Exercisable	$ 30.93
Weighted average remaining contractual term	8 years 5 months 23 days	8 years 10 months 17 days
Weighted average remaining contractual term, Vested and expected to vest	8 years 5 months 15 days
Weighted average remaining contractual term, Exercisable	7 years 14 days
Aggregate intrinsic value of share options, Outstanding	$ 587	$ 206
Aggregate intrinsic value of share options, Exercisable	196
Aggregate intrinsic value of share options, Vested and expected to vest	$ 570

Share-Based Compensation - Schedule of Restricted Shares Activity (Detail) - Restricted Shares [Member]	12 Months Ended
	Dec. 31, 2022 ¥ / shares shares	Dec. 31, 2022 ¥ / shares $ / shares shares	Dec. 31, 2021 $ / shares shares	Dec. 31, 2020 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Outstanding, Beginning balance	1,290,159	1,290,159
Number of shares, Granted	1,734,540	1,734,540
Number of shares, Vested	(404,930)	(404,930)
Number of shares, Forfeited/Cancelled	(330,509)	(330,509)
Number of shares, Outstanding, Ending balance	2,289,260	2,289,260	1,290,159
Number of shares, Expected to vest	1,769,765	1,769,765
Weighted average grant date fair value, Outstanding, Beginning balance \| ¥ / shares	¥ 55.34
Weighted average grant date fair value, Granted \| (per share)	33.46	$ 33.46	$ 50.79	$ 85.44
Weighted average grant date fair value, Vested \| ¥ / shares	60.52
Weighted average grant date fair value, Forfeited \| ¥ / shares	40.20
Weighted average grant date fair value, Outstanding, Ending balance \| ¥ / shares	34.22
Weighted average grant date fair value, Expected to vest \| ¥ / shares	¥ 34.30	$ 34.30

Share-Based Compensation - Schedule of Estimated Fair Value of Share-Based Awards on Respective Grant Dates using Binomial Option Pricing Model (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	1.00%	1.00%	1.00%
Weighted average fair value per option granted	$ 19.82	$ 23.00	$ 40.52
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of ordinary share	$ 28.76	$ 31.06	$ 77.32
Risk-free interest rates, Minimum	1.52%	1.09%	0.62%
Expected exercise multiple	2.2	2.2	2.2
Expected volatility, Minimum	52.00%	51.00%	52.00%
Weighted average fair value per option granted	$ 3.83	$ 10.51	$ 30.00
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of ordinary share	$ 39.35	$ 119.82	$ 94.46
Risk-free interest rates, Maximum	3.91%	1.62%	1.92%
Expected exercise multiple	2.8	2.8	2.8
Expected volatility, Maximum	54.00%	52.00%	53.00%
Weighted average fair value per option granted	$ 21.32	$ 60.83	$ 44.69

Share-Based Compensation - Schedule of Share-Based Compensation Expenses (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	¥ 168,890	$ 24,487	¥ 206,060	¥ 211,206
Cost of Revenues [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	8,608	1,248	23,142	21,372
Sales and Marketing Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	38,317	5,555	46,823	40,103
General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	53,209	7,715	48,803	55,868
Product Development Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	¥ 68,756	$ 9,969	¥ 87,292	¥ 93,863

Acquisition - Additional Information (Detail) ¥ in Thousands, $ in Thousands			12 Months Ended
	Apr. 30, 2021 USD ($)	Oct. 31, 2020 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 USD ($)	Jun. 30, 2021	Dec. 31, 2020 USD ($)	Dec. 31, 2019 CNY (¥)
Business acquisition, transaction costs \| $		$ 168,000
Cash consideration						¥ 935,932
Interest and investment income, net			¥ 565,090	$ 81,931	¥ 395,245	392,160
Retained earnings			23,482,987		22,339,770	¥ 17,622,984	$ 3,404,714			¥ 14,605,941
Goodwill			¥ 3,941,820		3,941,820		$ 571,510
TTP Member [Member]
Percentage of voting interests acquired						51.00%		51.00%	51.00%
Interest and investment income, net						¥ 392,160
Retained earnings					14,811,207
Goodwill					3,941,820
TTP Member [Member] \| Adjustment [Member]
Interest and investment income, net						¥ (129,571)
Retained earnings					(129,571)
Goodwill					¥ (129,571)
First Closing Transaction [Member]
Business acquisition, transaction costs \| $									$ 143,000
Percentage of equity interests on converted basis						48.87%			48.87%
First Closing Transaction [Member] \| Exclusive Technical Consulting And Service Agreements [Member]
Percentgae of exchange preferred shares						31.48%
Second Closing Transaction [Member] \| TTP Member [Member]
Percentage of equity interests on converted basis	51.00%
Cash consideration \| $	$ 25,000
Second Closing Transaction [Member] \| Exclusive Technical Consulting And Service Agreements [Member]
Business acquisition, transaction costs \| $	$ 25,000
Percentgae of exchange preferred shares	4.17%
Convertible Debt Securities [Member]
Business acquisition, right to purchase \| $		$ 200,000

Acquisition - Schedule Of Business Acquisitions By Acquisition (Detail) ¥ in Thousands	12 Months Ended
	Dec. 31, 2020 CNY (¥)
Total Cash consideration	¥ 935,932
Less: consideration for New Warrant	(74,383)
Less: settlement of pre-existing relationship	(129,571)
Purchase consideration	¥ 731,978

Acquisition - Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Goodwill	¥ 3,941,820		$ 571,510	¥ 3,941,820
Customer relationships [Member]
Intangible assets, Estimated useful life	5 years
TTP Car Inc. ("TTP") [Member]
Goodwill		¥ 2,437,542
Net liabilities acquired, excluding intangible assets and the related deferred tax liabilities		(861,918)
Deferred tax liabilities		(63,570)
Noncontrolling interests		(147,639)
Convertible redeemable noncontrolling interests		(1,056,237)
Recognized Identifiable Assets Acquired and Liabilities Assumed		731,978
TTP Car Inc. ("TTP") [Member] \| Technologies [Member]
Intangible assets		¥ 202,100
Intangible assets, Estimated useful life		5 years
TTP Car Inc. ("TTP") [Member] \| Trademarks [Member]
Intangible assets		¥ 106,900
Intangible assets, Estimated useful life		10 years
TTP Car Inc. ("TTP") [Member] \| Customer relationships [Member]
Intangible assets		¥ 41,300
Intangible assets, Estimated useful life		5 years
TTP Car Inc. ("TTP") [Member] \| Database [Member]
Intangible assets		¥ 73,500
Intangible assets, Estimated useful life		5 years

Acquisition - Summary of Acquisition Adjustments to Financial Statement Accounts (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2019 CNY (¥)
Interest and investment income, net	¥ 565,090	$ 81,931	¥ 395,245	¥ 392,160
Income before income taxes	1,762,846	255,590	2,177,158	3,538,941
Net income	1,824,626	$ 264,547	2,143,152	3,277,996
Goodwill	3,941,820		3,941,820		$ 571,510
Retained earnings	¥ 23,482,987		22,339,770	17,622,984	$ 3,404,714	¥ 14,605,941
TTP Member [Member]
Interest and investment income, net				392,160
Income before income taxes				3,538,941
Net income				3,277,996
Goodwill			3,941,820
Retained earnings			14,811,207
TTP Member [Member] \| Previously Reported [Member]
Interest and investment income, net				521,731
Income before income taxes				3,668,512
Net income				3,407,567
Goodwill			4,071,391
Retained earnings			14,940,778
TTP Member [Member] \| Adjustment [Member]
Interest and investment income, net				(129,571)
Income before income taxes				(129,571)
Net income				¥ (129,571)
Goodwill			(129,571)
Retained earnings			¥ (129,571)

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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+ Details

Mezzanine Equity - Additional Information (Detail) - shares	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Subsidiaries [Member]
Temporary Equity [Line Items]
Temporary equity shares issued	142,196,089	142,196,089
Subsidiaries [Member] \| Consolidation, Eliminations [Member]
Temporary Equity [Line Items]
Temporary equity shares issued	(80,340,268)	(80,340,268)
TTP Member [Member]
Temporary Equity [Line Items]
Percentage of voting interests acquired			51.00%	51.00%

Mezzanine Equity - Summary of Mezzanine Equity (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)
Temporary Equity [Line Items]
Balance as of January 1	¥ 1,468,029	$ 212,844	¥ 1,056,237
Accretion of mezzanine equity	137,610	19,952	411,792
Balance as of December 31	¥ 1,605,639	$ 232,796	¥ 1,468,029

- Definition

Carrying amount, attributable to parent and noncontrolling interests, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References + Details

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member]	Feb. 16, 2023 $ / shares
Subsequent Event [Line Items]
Dividend payable	$ 0.145
Dividend ,Payable date	Apr. 11, 2023
Dividends Payable, Date Declared	Feb. 16, 2023
ADR [Member]
Subsequent Event [Line Items]
Dividend payable	$ 0.58