Autohome Inc.

Ladies and gentlemen, thank you for standing by for Autohome's fourth quarter and full year 2023 earnings conference call. At this time, all participants are in the listen-only mode. A question and answer session will follow management's prepared remarks. As a reminder, this conference call is being recorded. If you have any objections, you may disconnect at this time. A live and archived webcast of the earnings conference call will also be available on Autohome's IR website. It's now my pleasure to introduce your host, Mr. Sterling Song, AutoHome IR Director. Mr. Song, please go ahead.

Thank you, operator. Thank you. Hello, everyone, and welcome to AutoHome's fourth quarter and full year 2023 earnings conference call. Earlier today, AutoHome distributed its earnings release, which can be found on the company's IR website at ir.autohome.com.cn. Joining me today on today's call are Chief Executive Officer, Ms. Tao Wu, and the Chief Financial Officer, Ms. Craig Yansung. Management will go through their prepared remarks, which will be followed by a Q&A session, where they will be available to answer all your questions. Before we continue, please know that the discussion today will contain forward-looking statements made under the Safe Harbor provisions. of the U.S. Private Securities Education Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include but are not limited to those outlined in our public filing with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. AutoHome doesn't undertake any obligation to update any forward-looking statements except as required under applicable law. Please also know that AutoHome's earnings press release and this conference call include discussions of certain unaudited non-GAAP financial measures. A reconciliation of the non-GAAP measures for the most directly comparable GAAP measures can be found in our earnings release. I'll now turn the call over to Auto Home CEO, Mr. Wu, for opening remarks. Please go ahead, Mr. Wu.

Thank you, Sterling. Hello, everyone. This is Tao Wu, CEO of Auto Home. Thank you for joining us in our earnings conference call today. In 2023, the performance of our operations and finance will continue to improve. Innovative business continues to lead to the overall performance of the family of cars to continue to improve. The total revenue of the whole year reached RMB 71.8 billion, which is a 3.5% increase. Online sales and other business income achieved a 14.6% increase in the same ratio. The net revenue ratio also increased to 30.6%. Among them, data products and day-to-day shooting continue to maintain a good rising trend. The revenue has also increased by more than 10% in two years. Zhijia's new energy business also continues to maintain a strong growth trend. The annual revenue has increased by more than 80% in the same ratio. The revenue ratio has also increased by nearly 18% in the same ratio. In terms of profits, it belongs to the home of cars all year round. The adjusted net profit is 21.6 billion yuan. The adjusted net profit rate has reached 30.1%. In addition, we have completed a total of 200 million US dollars in stock repurchase plans over the years, and have greatly increased the share price of Fung Hong. It is true that it has given back to major shareholders and has further implemented the commitment to increase shareholder returns.