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Confucius Academy Held a Yangming Cultural and Creative Show to Promote Chinese Culture

GUIYANG, China, July 31, 2025 /PRNewswire/ — A news report by Huanqiu.com

At 4 p.m. on June 2, the “Mind Quest Between Heaven and Earth: 2025 (Year of Yisi) Dragon Boat Festival Yangming Cultural and Creative Show at the Confucius Academy” successfully concluded, which attracted more than 20,000 visitors.

The event ingeniously combined the elements of cultural and creative products, traditional festival, and intangible cultural heritage techniques, realizing the cross-temporal brainstorming between Qu Yuan and Wang Yangming, the artistic presentation of the wisdom of the Mind Study and the patriotic sentiments towards the country and family, and the empowerment of a cultural and creative brand by thematic activities. The Confucius Academy’s new “cultural dissemination” pattern featuring “human, scenario and venue” is innovatively shaping a new cultural cluster and a new cultural IP for Guizhou Province.

Cultivating festival-themed IP

Concentrating on the triple functional orientations of education, research and dissemination, the Confucius Academy has actively integrated festival customs and cultural connotations into traditional Chinese festivals including the Spring Festival, Tomb-Sweeping Festival, Dragon Boat Festival and Mid-Autumn Festival, and successfully developed the IP of “Our Festivals”.

In this Dragon Boat Festival, the Confucius Academy focused on Guizhou’s “Four Cultural Programs” to deeply absorb the revolutionary culture, Yangming culture, ethnic culture and Tunpu (military outpost) culture.


During the Dragon Boat Festival holiday, Qu Yuan, transformed into a “cultural wanderer”, visited Wang Yangming to discuss on “Quest for Heavenly Truth” and “Study of the Mind” in a three-act cultural play. The “Riverside Odes” session combined an ethnic cultural fashion show and modern dance. Amidst the intermingling dancers, the models dressed in ethnic minority costumes showed the Yangming-themed cultural and creative products on the runway. The “Wang Yangming’s Quest for Truth” session presented a dance-poetry drama that a duet of Wang Yangming and Qu Yuan depicted their conversation on pursuing the truth between heaven and earth. The “Guizhou as Home” session was a fusion of Anshun Di Opera and modern dance, which followed Wang Yangming’s Study of the Mind as the soul, and “Tunpu’s sentiments towards the country and family” as the main thread to construct a spiritual dialogue spanning 600 years.

Combining strengths of incubation platforms

The Yangming Cultural and Creative Show is more than a cultural performance, but carries the mission of “bringing tradition into life”. At the event, the Confucius Academy in Guiyang invited a number of designers and intangible cultural heritage inheritors, and held a plaque-awarding ceremony for the “Confucius Academy’s Second-batch Partners of Yangming Cultural and Creative Incubation Platforms”.”

How can we creatively realize the revival of traditional Chinese culture and reproduce the natural charm and interest in history? Zhou Hang, creative director and designer of Animation Zhou Studio envisaged, “I hope to make use of we-media, funny animations and design capability to present the Yangming culture in a more accessible way to the world.”

Inspired by Wang Yangming’s Study of the Mind and the picturesque scenery of Guizhou, the “Yangming Cultural and Creative”, the inaugural cultural and creative brand of the Confucius Academy, had its debut at the event that more than 300 cultural and creative products were displayed, including bibelots, stationery, tea and water sets, and fragrance.

Providing intangible cultural heritage experience

In addition to cultural exhibition, the event also featured a “study tour”. Visitors showed great interest in the intangible cultural heritage workshops of lacquer fans, tie dyeing, paper cutting, woodcarving, tea cultivation, rope weaving, pottery art and Miao silverwork.

The sachet-making zone offered diverse Chinese medicinal herbs such as lemongrass, honeysuckle, albizia flower, mugwort leaf, mint and angelica. Visitors selected and mixed herbs for different effects, crushed them and then wrapped them in beautiful sachets to get special handmade souvenirs for the Dragon Boat Festival.

imToken, One of the Earliest Ethereum Mobile Wallets, Celebrates 10 Years of Ethereum in Singapore

SINGAPORE, July 31, 2025 /PRNewswire/ — On July 30, 2025, Ethereum celebrates its 10th anniversary since the genesis block was mined on July 30, 2015, marking a decade of global innovation in programmable blockchain, and a continuous record of zero downtime. To commemorate this milestone, imToken co‑hosted a celebration at the iconic ArtScience Museum alongside  Ethereum Singapore, featuring a keynote by Aya Miyaguchi, President of the Ethereum Foundation, and bringing together local developers, Ethereum OGs, and community leaders.

imToken co‑hosted Ethereum 10th celebration at the Singapore ArtScience Museum
imToken co‑hosted Ethereum 10th celebration at the Singapore ArtScience Museum

Over the past decade, Ethereum has achieved the extraordinary: powering a tokenized economy worth hundreds of billions with uninterrupted stability, reducing energy consumption by 99% post-Merge, and successfully balancing the blockchain trilemma without compromise.

As Ethereum turns 10, imToken reflects on the global movement ignited by the Ethereum Whitepaper—a vision that has inspired the company’s journey since 2016. imToken believes everything can be tokenized and that everyone should have equal access. This shared vision, aligned with Ethereum’s long-term goals and commitment to decentralization and responsible innovation, has helped both imToken and Ethereum stay the course through many challenges over the years.

Balancing the blockchain trilemma presents new challenges, and imToken is committed to addressing them. This year, imToken focuses on delivering a unified Ethereum experience through its “Token-centric” design and the newly launched imToken Web—a user-friendly blockchain interface that reduces friction for users to create accounts, participate in staking, access low-cost Layer 2 transactions, engage with decentralized applications across EVM-compatible chains, and capture the value of diverse tokens—including NFTs, cryptocurrencies, stablecoins, and real-world assets (RWA).

Just as Ethereum has maintained stability for a decade, imToken has also upheld its promise for nearly ten years—anchored in the vibrant heart of Singapore, the Lion City, and reaching toward a global future. Built on the core principle of being non-custodial and supported by a robust security architecture, imToken boasts an outstanding record of zero platform-native security incidents. As it enters a new decade, imToken is dedicated to working alongside builders across the Ethereum ecosystem to create an on-chain future that is secure, inclusive, and accessible to everyone worldwide.

KuCoin Celebrates African Women’s Day – Empowering Communities Through Crypto for Good

PROVIDENCIALES, Turks and Caicos Islands, July 31, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, today commemorates African Women’s Day by spotlighting its impactful corporate social responsibility (CSR) initiatives focused on gender equality, education, and sustainable development across Africa. This annual observance on July 31 honors the contributions of African women and aligns perfectly with KuCoin’s mission to leverage blockchain for global good.


In the past year, KuCoin’s CSR efforts have benefited over 50,000 individuals worldwide, earning the exchange the UNWWO 2025 Corporate Social Responsibility Award in March 2025 for advancements in Web3 financial inclusion, women’s health, children’s education, and climate resilience.

KuCoin is proud to stand with African women on this significant day, recognizing their vital role in community building and innovation,” said BC Wong, CEO of KuCoin. “Our CSR projects are designed to address real-world challenges, from energy access in rural Africa to menstrual equity globally, empowering women and girls to thrive in the digital economy.

Key Highlights of KuCoin’s CSR Efforts in Africa and Gender Equality:

  • Light Up Africa Initiative: Distributed 9,700+ solar lamps to children in Ghana, Nigeria, and Sierra Leone, enabling education for 50,000 young learners and supporting girls’ access to schooling amid energy poverty. Partnerships with local organizations ensure long-term impact.
  • Menstrual Equity Project: In collaboration with AMWA, provided 5,000 sustainable menstrual kits to over 5,000 women and girls globally, including expansions to 4,000 in the Bahamas, addressing health barriers and aligning with SDGs on gender equality. 
  • Women in Crypto Empowerment: Hosted events for International Women’s Day 2025, including giveaways and discussions on female leadership in Web3, with surveys showing women’s strong preference for long-term investments.

These projects demonstrate our long-term commitment to addressing real-world challenges powered by Web3 synergy, which includes donations for humanitarian causes and crypto adoption reports to promote financial inclusion in Africa.

KuCoin remains dedicated to expanding these efforts, inviting partnerships to further empower African communities. This year, KuCoin will further expand the “Light Up Africa” initiative, strengthening our support for education and sustainability in African communities, with ongoing preparations underway to enhance its reach. For more information, please visit KuCoin ESG Official Twitter.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/

Chipscreen Biosciences’ Brain-Penetrant Aurora B Selective Inhibitor CS231295 Tablet Receives FDA IND Approval, Advancing Global Clinical Development

SHENZHEN, China, July 31, 2025 /PRNewswire/ — Shenzhen Chipscreen Biosciences Co., Ltd. (“Chipscreen Biosciences”) announced that its wholly owned subsidiary, Chipscreen Biosciences (USA) Ltd., has received Investigational New Drug (IND) approval from the U.S. Food and Drug Administration (FDA) for its innovative drug CS231295 tablet for the treatment of advanced solid tumors. This significant milestone marks a key step forward in the global development strategy for CS231295.

Malignant tumors remain one of the leading causes of death worldwide. Despite continuous advancements in clinical treatments and efficacy, most cancers remain incurable. Drug resistance, recurrence, and metastasis pose significant threats to long-term patient survival. In particular, due to the presence of the blood-brain barrier, primary brain tumors and brain metastases not only pose a severe danger to life but also serve as natural barriers to effective drug therapy. Thus, developing novel brain-penetrant anti-cancer drugs has become a pressing challenge and a key research focus.

CS231295 is a next-generation brain-penetrant Aurora B selective inhibitor discovered through years of mechanism-based research by Chipscreen Biosciences. On one hand, it precisely inhibits tumor-specifically overexpressed Aurora B kinase to induce synthetic lethality, directly targeting the genetic vulnerability of hard-to-treat cancers such as those with RB1 deletion. On the other hand, due to its strong blood-brain barrier permeability, it shows significant therapeutic potential for both primary and metastatic brain tumors. Furthermore, this molecule also exhibits broad-spectrum anti-tumor activity, which improves the tumor microenvironment. It is expected to provide a novel solution for tumors with similar genetic defects and the global challenge of brain metastases. Currently, there is no similar compound with this design that has entered clinical trials globally.

With its unique mechanism and chemical structure, CS231295 demonstrates synergistic effects when combined with chemotherapy, targeted therapy, and cancer immunotherapy. In preclinical studies, CS231295 has shown remarkable pharmacodynamic activity, ideal pharmacokinetic properties, and a favorable safety profile.

Notably, CS231295 completed the first patient enrollment in its Phase I first-in-human clinical trial in China in May 2025, providing preliminary evidence to support the scientific rationale and feasibility of global multicenter clinical development. The FDA’s IND approval will further accelerate the initiation and implementation of its clinical research in the United States.

About Chipscreen Biosciences

Chipscreen Biosciences is an innovation-driven pharmaceutical company dedicated to developing globally competitive pipelines of first- and best-in-class original drugs. As a pioneer in China’s original drug innovation space, the company upholds the mission of “Innovation, Safety, Efficacy, China-Origin”. It is committed to delivering urgently needed, revolutionary mechanism-based therapies to patients. Chipscreen has established a comprehensive industrial chain, spanning from early discovery to commercialization, and offers innovative drug solutions originating from China to global patients.

Anchored by a global development strategy based on early-stage research in China, Chipscreen leverages its small-molecule R&D centers in Shenzhen and Chengdu, where experienced scientific teams have built an integrated technology platform powered by AI-assisted design and chemical genomics. This enables a seamless translation from fundamental research to clinical development. The company has successfully developed multiple first-in-class and best-in-class novel drugs. Two of its drugs covering six indications have been launched globally. The company maintains a diversified innovation pipeline across five major areas: oncology, metabolic diseases, autoimmune disorders, central nervous system diseases, and antivirals. As one of the first national “Innovative Drug Incubation Bases” and a certified National High-Tech Enterprise, Chipscreen has independently undertaken numerous national-level projects, including the “Major New Drug Innovation” initiative, and has filed over 700 patent applications globally, with more than 200 granted.

About Chipscreen Biosciences (USA) Ltd.

Founded in April 2021 and headquartered in New Jersey, Chipscreen Biosciences (USA) Ltd. is a wholly owned subsidiary of Chipscreen Biosciences. It is committed to advancing the clinical development of the company’s innovative drugs globally. Upholding the motto “Constant Innovation for Life,” the U.S. subsidiary has built a U.S.-based R&D platform to accelerate the clinical translation and global registration of drug candidates, including CS231295. Leveraging its parent company’s strong AI-assisted design and chemical genomics platforms, the U.S. team works closely with early R&D forces in China and international multicenter clinical networks, forming a globalized drug development system. The company will continue to drive the global advancement of CS231295 and aims to bring breakthrough therapies to patients with brain tumors and other unmet medical needs.

 

Luang Prabang’s Sai Oua Ranked Among World’s Top 20 Cooked Sausages of 2025

Sai Oua Luang Khueang Luang Prabang (Photo: TasteAtlas)

Luang Prabang’s traditional sausage made it in the top 100 Cooked Sausages in the World of 2025.

OSL Launches Three Core Products to Accelerate the Deployment of Regulated Stablecoin Infrastructure

HONG KONG, July 31, 2025 /PRNewswire/ — OSL Group, Asia’s leading regulated digital asset platform, today announced the official launch of three new core products — StableX, Tokenworks, and OSL Biz Pay — designed to empower institutional clients with compliant, efficient, and secure access to stablecoins, tokenized assets, and broader digital asset ecosystems. These product launches mark a key milestone in OSL’s strategic vision to position Hong Kong as the cornerstone of a globally integrated payment and tokenization network.

Coinciding with the implementation of Hong Kong’s Stablecoin Issuance and Management Ordinance on August 1, 2025, OSL is reinforcing its role as a critical infrastructure builder in the regulated digital asset era — offering trusted solutions to institutions worldwide.

“We believe that true integration between Web3 and traditional finance can only be achieved on a foundation of compliance,” said Eugene Cheung, Chief Commercial Officer of OSL Group. “The introduction of a formal stablecoin regime in Hong Kong is a landmark event in the global regulatory landscape. OSL will continue to leverage its licensed platform status to deliver end-to-end, transparent, and efficient solutions to institutional clients globally.”

StableX: Powering the Regulated Stablecoin Era

As the flagship product of the launch, StableX is a full-service stablecoin issuance and management platform purpose-built for financial institutions. It offers a complete suite of services, including compliant issuance and secure custody, while enabling seamless distribution through OSL’s global exchange network (OSL VATP) and cross-border payment infrastructure (OSL Pay).

Stablecoins issued via StableX can be listed directly on OSL’s licensed exchange and used in real-world scenarios through the OSL Pay network. The platform features cold wallet and HSM-based asset segregation, licensed trust-based custody, and a fully auditable reserve structure to ensure operational integrity and regulatory compliance.

Tokenworks: Trusted and Secure Tokenization Infrastructure

Tokenworks is OSL’s newly launched institutional tokenization platform, offering asset managers, brokers, and funds an integrated solution for compliant asset tokenization. Built on OSL’s regulated custody infrastructure, Tokenworks combines smart contract deployment, regulatory coordination, distribution channels, and secondary market technology to lower the entry barriers for institutions.

Backed by OSL’s SFC-licensed virtual asset trading platform (VATP), Tokenworks enables collaboration with leading Hong Kong brokerages and OSL’s overseas licensed platforms, spanning both Asia-Pacific and Europe. The platform supports distribution to qualified investors across global markets and ensures high liquidity trading via multi-market-maker mechanisms on OSL Exchange. Tokenworks is also deeply integrated with infrastructure partners such as Fireblocks to deliver enterprise-grade security and scalability.

OSL BizPay: Bringing Stablecoin Payments to Life for Enterprises

OSL BizPay is an end-to-end crypto payment solution tailored for enterprises, covering crypto acceptance, crypto payouts, and on-chain channel payments — enabling secure, efficient, and compliant fund flows across borders.

Supporting major stablecoins such as USDT and USDC, Biz Pay is compatible with mainstream wallets and offers instant, final settlement with no chargeback or fraud risk. It also provides tools for full and partial refunds, exchange rate locking, and T+1 fiat settlement to mitigate volatility risks. With on-chain channel configuration, enterprises can batch-manage payments and generate settlement links, streamlining reconciliation processes. By combining stablecoin technology with OSL’s global licensing footprint, Biz Pay enables businesses to access a new, flexible, and cost-efficient cross-border payment paradigm.

As regulation and infrastructure converge, Hong Kong is rapidly emerging as a global testbed for compliant stablecoins and tokenized assets. OSL continues to lead at the intersection of compliance, custody, and technology — delivering institutional-grade solutions that power the next generation of digital asset financial infrastructure.

About OSL Group

OSL Group (HKEX: 863.HK) is a leading global financial infrastructure platform bridging traditional finance and the digital asset economy through blockchain technology. The Group is dedicated to providing efficient, seamless, and regulatory-compliant financial services to individuals and businesses worldwide.

OSL delivers a comprehensive suite of regulated services through its licensed platforms, including 24/7 OTC brokerage with deep liquidity fiat gateways and competitive pricing; omnibus brokerage solutions enabling traditional financial institutions to integrate digital assets; SOC 2 Type 2-certified custody with up to US$1 billion insurance protection; and compliant retail trading channels; wealth management solutions, including scheduled launches on tokenised treasuries and RWAs; and in preparation for cross-border payment infrastructure via OSL Pay.

“Open, Secure, Licensed” are the principles OSL lives by. OSL is expanding its compliant infrastructure across Japan, Australia, and Europe, potentially Southeast Asia, powering the next generation of global financial infrastructure.

Autohome Inc. Announces Unaudited Second Quarter and Interim 2025 Financial Results

BEIJING, July 31, 2025 /PRNewswire/ — Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the three months and six months ended June 30, 2025.

Second Quarter 2025 Highlights[1]

  • Net revenues in the second quarter of 2025 were RMB1,758.1 million (US$245.4 million), compared to RMB1,872.6 million in the corresponding period of 2024.
  • Net income attributable to Autohome in the second quarter of 2025 was RMB415.7 million (US$58.0 million), compared to RMB524.8 million in the corresponding period of 2024, while net income attributable to ordinary shareholders in the second quarter of 2025 was RMB398.9 million (US$55.7 million), compared to RMB509.7 million in the corresponding period of 2024.
  • Adjusted net income attributable to Autohome (Non-GAAP)[2] in the second quarter of 2025 was RMB475.7 million (US$66.4 million), compared to RMB572.4 million in the corresponding period of 2024.
  • Share repurchase: As of July 25, 2025, the Company had repurchased 5,349,886 American depositary shares (“ADSs”) for a total cost of approximately US$142.4 million.

Mr. Song Yang, Chief Executive Officer of Autohome, stated, “We continued to make steady progress in advancing our O2O strategy by optimizing synergies between online and offline resources. At the same time, we accelerated AI-driven product innovation to empower user decision-making and improve cost efficiency for our customers. Powered by DeepSeek and our auto-related proprietary big data capabilities, our AI smart assistant delivers industry-leading performance in answering questions across both new and used vehicles scenarios. Meanwhile, our new retail business continued to expand its footprint, with the number of franchised stores surpassing 200 by the end of June, significantly expanding our reach to a broader consumer base.”

“Looking ahead, we will continue to expand the applications of AI across our products and services, and deepen the deployment of our O2O automotive ecosystem. By capitalizing on key industry trends – electrification, intelligence and globalization, we will further drive the transformation of the automotive consumer experience and deliver greater value to both our users and customers.”

Mr. Craig Yan Zeng, Chief Financial Officer of Autohome, added, “Through the upgrade of our content matrix and innovative initiatives, we have further strengthened Autohome’s content ecosystem advantages and achieved steady user growth. According to QuestMobile, our average number of mobile daily active users grew by 11.5% year-over-year, reaching 75.74 million in June. Notably, online marketplace and others revenues increased by 20.5% year-over-year in the second quarter, driven primarily by the robust performance of our new retail business, which also contributed to the rapid rise in our new energy vehicle revenues. Moving forward in 2025, we will remain committed to capturing emerging growth opportunities while maintaining disciplined cost controls to deliver sustainable value to our shareholders.”

Unaudited Second Quarter 2025 Financial Results

Net Revenues

Net revenues in the second quarter of 2025 were RMB1,758.1 million (US$245.4 million), compared to RMB1,872.6 million in the corresponding period of 2024.

  • Media services revenues were RMB279.4 million (US$39.0 million) in the second quarter of 2025, compared to RMB432.9 million in the corresponding period of 2024, primarily due to reduced advertising spending by internal combustion engine automakers.
  • Leads generation services revenues were RMB732.6 million (US$102.3 million) in the second quarter of 2025, compared to RMB820.3 million in the corresponding period of 2024.
  • Online marketplace and others revenues were RMB746.1 million (US$104.2 million) in the second quarter of 2025, compared to RMB619.4 million in the corresponding period of 2024.

Cost of Revenues

Cost of revenues was RMB503.4 million (US$70.3 million) in the second quarter of 2025, compared to RMB346.1 million in the corresponding period of 2024, primarily due to higher transaction costs associated with the Company’s innovative business in lower-tier cities. Share-based compensation expense included in cost of revenues in the second quarter of 2025 was RMB3.4 million (US$0.5 million), compared to RMB1.9 million in the corresponding period of 2024.

Operating Expenses

Operating expenses were RMB1,015.7 million (US$141.8 million) in the second quarter of 2025, compared to RMB1,185.3 million in the corresponding period of 2024.

  • Sales and marketing expenses were RMB630.0 million (US$87.9 million) in the second quarter of 2025, compared to RMB752.5 million in the corresponding period of 2024, primarily due to a decrease in marketing and promotional expenses. Share-based compensation expenses included in sales and marketing expenses in the second quarter of 2025 were RMB13.3 million (US$1.9 million), compared to RMB10.1 million in the corresponding period of 2024.
  • General and administrative expenses were RMB132.7 million (US$18.5 million) in the second quarter of 2025, compared to RMB117.6 million in the corresponding period of 2024. Share-based compensation expenses included in general and administrative expenses in the second quarter of 2025 were RMB15.8 million (US$2.2 million), compared to RMB10.4 million in the corresponding period of 2024.
  • Product development expenses were RMB253.0 million (US$35.3 million) in the second quarter of 2025, compared to RMB315.2 million in the corresponding period of 2024, primarily due to a decrease in personnel-related expenses. Share-based compensation expenses included in product development expenses in the second quarter of 2025 were RMB19.9 million (US$2.8 million), compared to RMB18.8 million in the corresponding period of 2024.

Operating Profit

Operating profit was RMB296.6 million (US$41.4 million) in the second quarter of 2025, compared to RMB412.4 million in the corresponding period of 2024. 

Income Tax Expense

Income tax expense was RMB60.6 million (US$8.5 million) in the second quarter of 2025, compared to RMB102.2 million in the corresponding period of 2024.

Net Income Attributable to Autohome

Net income attributable to Autohome was RMB415.7 million (US$58.0 million) in the second quarter of 2025, compared to RMB524.8 million in the corresponding period of 2024.

Net Income Attributable to Ordinary Shareholders and Earnings per Share/ADS

Net income attributable to ordinary shareholders was RMB398.9 million (US$55.7 million) in the second quarter of 2025, compared to RMB509.7 million in the corresponding period of 2024. Basic and diluted earnings per share (“EPS”) were RMB0.85 (US$0.12) and RMB0.85 (US$0.12), respectively, in the second quarter of 2025, compared to basic and diluted EPS of RMB1.05 and RMB1.05, respectively, in the corresponding period of 2024. Basic and diluted earnings per ADS were RMB3.40 (US$0.47) and RMB3.38 (US$0.47), respectively, in the second quarter of 2025, compared to basic and diluted earnings per ADS of RMB4.20 and RMB4.19, respectively, in the corresponding period of 2024.

Adjusted Net Income Attributable to Autohome (Non-GAAP) and Non-GAAP EPS/ADS

Adjusted net income attributable to Autohome (Non-GAAP) was RMB475.7 million (US$66.4 million) in the second quarter of 2025, compared to RMB572.4 million in the corresponding period of 2024. Non-GAAP basic and diluted EPS were RMB1.01 (US$0.14) and RMB1.01 (US$0.14), respectively, in the second quarter of 2025, compared to non-GAAP basic and diluted EPS of RMB1.18 and RMB1.18, respectively, in the corresponding period of 2024. Non-GAAP basic and diluted earnings per ADS were RMB4.06 (US$0.57) and RMB4.04 (US$0.56), respectively, in the second quarter of 2025, compared to non-GAAP basic and diluted earnings per ADS of RMB4.72 and RMB4.71, respectively, in the corresponding period of 2024.

Balance Sheet and Cash Flow

As of June 30, 2025, the Company had cash and cash equivalents and short-term investments of RMB22.05 billion (US$3.08 billion). Net cash provided by operating activities in the second quarter of 2025 was RMB495.0 million (US$69.1 million).

Employees

The Company had 4,360 employees as of June 30, 2025, including 1,311 employees from TTP Car, Inc.

Conference Call Information

The Company will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on Thursday, July 31, 2025 (8:00 p.m. Beijing Time on the same day).

Please register in advance of the conference call using the registration link provided below. Upon registering, each participant will receive a set of participant dial-in numbers and a personal PIN, which will be used to join the conference call.

Registration Link: https://register-conf.media-server.com/register/BI8cf7e0ee3ea6428a9b2a6318555713d0

Please use the conference access information to join the call 10 minutes before the call is scheduled to begin.

Additionally, a live and archived webcast of the conference call will be available at https://ir.autohome.com.cn and a replay of the webcast will be available following the session.

About Autohome

Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. Its mission is to relentlessly reduce auto industry decision-making and transaction costs driven by advanced technology. Autohome provides occupationally generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company’s dealer subscription and advertising services allow dealers to market their inventory and services through Autohome’s platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit https://www.autohome.com.cn/.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates” and similar statements. Among other things, Autohome’s business outlook, Autohome’s strategic and operational plans and quotations from management in this announcement contain forward-looking statements. Autohome may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission (“SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Autohome’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Autohome’s goals and strategies; Autohome’s future business development, results of operations and financial condition; the expected growth of the online automobile advertising market in China; Autohome’s ability to attract and retain users and advertisers and further enhance its brand recognition; Autohome’s expectations regarding demand for and market acceptance of its products and services; competition in the online automobile advertising industry; relevant government policies and regulatory environment of China; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Autohome’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Autohome does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Use of Non-GAAP Financial Measures

To supplement net income presented in accordance with U.S. GAAP, we use Adjusted Net Income attributable to Autohome, Non-GAAP basic and diluted EPS and earnings per ADS, Adjusted net margin and Adjusted EBITDA as non-GAAP financial measures. We define Adjusted Net Income attributable to Autohome as net income attributable to Autohome excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisition, investment loss relating to non-operating impact of a write-down of the initial investment in a financial product, and loss/(gain) pickup of equity method investments, with all the reconciliation items adjusted for related income tax effects. We define non-GAAP basic and diluted EPS as Adjusted Net Income attributable to Autohome divided by the basic and diluted weighted average number of ordinary shares. We define non-GAAP basic and diluted earnings per ADS as Adjusted Net Income attributable to Autohome divided by the basic and diluted weighted average number of ADSs. We define Adjusted net margin as Adjusted Net Income attributable to Autohome divided by total net revenues. We define Adjusted EBITDA as net income attributable to Autohome before income tax expense, depreciation expenses of property and equipment, amortization expenses of intangible assets and share-based compensation expenses. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance, in addition to net income prepared in accordance with U.S. GAAP. We believe these non-GAAP financial measures are important to help investors understand our operating and financial performance, compare business trends among different reporting periods on a consistent basis and assess our core operating results, as they exclude certain non-cash charges or items that are non-operating in nature. The use of the above non-GAAP financial measures has certain limitations as they excluded certain items that have been and will continue to be incurred in the future, but such items should be considered in the overall evaluation of our results. These non-GAAP financial measures should be considered in addition to financial measures prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliation of non-GAAP and GAAP Results” set forth at the end of this press release.

For investor and media inquiries, please contact:

Autohome Inc.
Sterling Song
Investor Relations Director
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cn 

Christensen China Limited 
Suri Cheng
Tel: +86-185-0060-8364
E-mail:  suri.cheng@christensencomms.com

 

AUTOHOME INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DATA
 (Amount in thousands, except share and per share / per ADS data)

 For three months ended June 30, 

 For six months ended June 30, 

2024

2025

2024

2025

RMB

RMB

US$

RMB

RMB

US$

Net revenues: 

Media services

432,858

279,399

39,003

760,289

521,578

72,809

Leads generation services 

820,271

732,581

102,264

1,546,694

1,377,724

192,323

Online marketplace and others

619,425

746,140

104,157

1,174,636

1,312,636

183,237

Total net revenues 

1,872,554

1,758,120

245,424

3,481,619

3,211,938

448,369

Cost of revenues

(346,102)

(503,424)

(70,275)

(646,994)

(818,944)

(114,320)

Gross profit 

1,526,452

1,254,696

175,149

2,834,625

2,392,994

334,049

Operating expenses: 

Sales and marketing expenses 

(752,543)

(629,982)

(87,942)

(1,393,819)

(1,173,621)

(163,831)

General and administrative

   expenses 

(117,564)

(132,665)

(18,519)

(267,109)

(263,688)

(36,810)

Product development expenses 

(315,230)

(253,017)

(35,320)

(651,297)

(527,158)

(73,588)

Total operating expenses

(1,185,337)

(1,015,664)

(141,781)

(2,312,225)

(1,964,467)

(274,229)

Other operating income, net

71,279

57,611

8,042

166,072

101,471

14,165

Operating profit

412,394

296,643

41,410

688,472

529,998

73,985

Interest and investment income,

   net

189,053

165,123

23,050

409,027

342,194

47,768

Share of results of equity method

   investments

4,640

(322)

(45)

(44,493)

(11,958)

(1,669)

Income before income taxes 

606,087

461,444

64,415

1,053,006

860,234

120,084

Income tax expense

(102,165)

(60,596)

(8,459)

(170,566)

(116,925)

(16,322)

Net income 

503,922

400,848

55,956

882,440

743,309

103,762

Net loss attributable to

   noncontrolling interests

20,839

14,810

2,067

36,820

28,984

4,046

Net income attributable to

   Autohome

524,761

415,658

58,023

919,260

772,293

107,808

Accretion of mezzanine equity

(42,687)

(47,355)

(6,611)

(84,358)

(93,009)

(12,984)

Accretion attributable to

   noncontrolling interests

27,599

30,563

4,266

54,547

60,032

8,380

Net income attributable to

   ordinary shareholders

509,673

398,866

55,678

889,449

739,316

103,204

Earnings per share attributable

   to ordinary shareholders 

Basic 

1.05

0.85

0.12

1.84

1.57

0.22

Diluted 

1.05

0.85

0.12

1.83

1.56

0.22

Earnings per ADS attributable

   to ordinary shareholders (one

   ADS equals for four ordinary

   shares)

Basic 

4.20

3.40

0.47

7.34

6.26

0.87

Diluted 

4.19

3.38

0.47

7.32

6.23

0.87

Weighted average shares used to compute

   earnings per share attributable to ordinary

   shareholders:

 Basic 

484,860,625

469,269,006

469,269,006

484,569,763

472,358,950

472,358,950

 Diluted

486,591,693

471,358,186

471,358,186

486,029,303

474,595,274

474,595,274

 

AUTOHOME INC.
UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS
(Amount in thousands, except share and per share / per ADS data)

For three months ended June 30,

For six months ended June 30,

2024

2025

2024

2025

RMB

RMB

US$

RMB

RMB

US$

Net income attributable to

   Autohome

524,761

415,658

58,023

919,260

772,293

107,808

Plus: income tax expense

103,505

61,936

8,646

173,247

119,605

16,696

Plus: depreciation of property and

   equipment

31,750

25,846

3,608

65,284

53,216

7,429

Plus: amortization of intangible

   assets

9,650

9,595

1,339

19,300

19,216

2,682

EBITDA

669,666

513,035

71,616

1,177,091

964,330

134,615

Plus: share-based compensation
   expenses

41,188

52,311

7,302

89,495

97,801

13,652

Adjusted EBITDA

710,854

565,346

78,918

1,266,586

1,062,131

148,267

Net income attributable to

   Autohome

524,761

415,658

58,023

919,260

772,293

107,808

Plus: amortization of intangible assets

   resulting from business acquisition

9,583

9,583

1,338

19,166

19,166

2,675

Plus: share-based compensation
   expenses

41,188

52,311

7,302

89,495

97,801

13,652

Plus: investment loss arising from one

   of financial products[3]

2,906

2,906

Plus: (gain)/loss on equity method

   investments, net

(4,640)

322

45

44,493

11,958

1,669

Plus: tax effects of the adjustments

(1,360)

(2,147)

(300)

(8,954)

(4,721)

(659)

Adjusted net income attributable

   to Autohome

572,438

475,727

66,408

1,066,366

896,497

125,145

Net income attributable to

   Autohome

524,761

415,658

58,023

919,260

772,293

107,808

Net margin

28.0 %

23.6 %

23.6 %

26.4 %

24.0 %

24.0 %

Adjusted net income attributable

   to Autohome

572,438

475,727

66,408

1,066,366

896,497

125,145

Adjusted net margin

30.6 %

27.1 %

27.1 %

30.6 %

27.9 %

27.9 %

Non-GAAP earnings per share

Basic

1.18

1.01

0.14

2.20

1.90

0.27

Diluted

1.18

1.01

0.14

2.19

1.89

0.26

Non-GAAP earnings per ADS

(one ADS equals for four ordinary

shares)

Basic

4.72

4.06

0.57

8.80

7.59

1.06

Diluted

4.71

4.04

0.56

8.78

7.56

1.05

Weighted average shares used to

   compute non-GAAP earnings

   per share:

Basic

484,860,625

469,269,006

469,269,006

484,569,763

472,358,950

472,358,950

Diluted

486,591,693

471,358,186

471,358,186

486,029,303

474,595,274

474,595,274

 

AUTOHOME INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET

(Amount in thousands, except as noted)

As of

December 31,

As of June 30,

2024

2025

RMB

RMB

US$

ASSETS

Current assets

Cash and cash equivalents

1,693,597

2,878,872

401,875

Restricted cash

88,515

93,891

13,107

Short-term investments

21,621,992

19,174,574

2,676,667

Accounts receivable, net

1,358,849

1,483,888

207,143

Amounts due from related parties, current

63,957

60,913

8,503

Prepaid expenses and other current assets

336,941

258,786

36,125

Total current assets

25,163,851

23,950,924

3,343,420

Non-current assets

Restricted cash, non-current

5,000

5,000

698

Property and equipment, net

204,049

179,129

25,005

Goodwill and intangible assets, net

4,069,637

4,032,550

562,922

Long-term investments

339,247

327,289

45,688

Deferred tax assets

308,246

308,246

43,029

Amounts due from related parties, non-current

3,521

5,825

813

Other non-current assets

128,074

124,698

17,407

Total non-current assets

5,057,774

4,982,737

695,562

Total assets

30,221,625

28,933,661

4,038,982

LIABILITIES AND EQUITY

Current liabilities

Accrued expenses and other payables

2,931,869

1,954,966

272,903

Advance from customers

106,276

112,312

15,678

Deferred revenue

276,894

822,995

114,886

Income tax payable

185,976

133,458

18,630

Amounts due to related parties

38,250

56,831

7,933

Dividends payable

990,529

Total current liabilities

4,529,794

3,080,562

430,030

Non-current liabilities

Other liabilities

23,103

33,516

4,679

Deferred tax liabilities

468,078

462,136

64,512

Total non-current liabilities

491,181

495,652

69,191

Total liabilities

5,020,975

3,576,214

499,221

MEZZANINE EQUITY

Convertible redeemable noncontrolling interests

1,931,529

2,024,538

282,612

EQUITY

Total Autohome shareholders’ equity

23,951,737

24,104,561

3,364,867

Noncontrolling interests

(682,616)

(771,652)

(107,718)

Total equity

23,269,121

23,332,909

3,257,149

Total liabilities, mezzanine equity and equity

30,221,625

28,933,661

4,038,982

UNAUDITED RECONCILIATION BETWEEN U.S. GAAP AND IFRS Accounting Standards

The unaudited condensed consolidated statements of income for the six month ended June 30, 2025 and the unaudited condensed consolidated balance sheets as of June 30, 2025 (collectively, the “Unaudited Interim Financial Statements”) of Autohome Inc., its subsidiaries, the variable interest entities, and the subsidiaries of the variable interest entities (collectively, the “Company”) are prepared in accordance with the accounting principles generally accepted in the United States of America (the “U.S. GAAP”), and the differences between U.S. GAAP and IFRS Accounting Standards issued by the International Accounting Standards Board (together, the “Reconciliation Statement”) have been disclosed in the Appendix — Unaudited Reconciliation Between U.S. GAAP and IFRS Accounting Standards attached herein.

PricewaterhouseCoopers, the auditor of the Company in Hong Kong, has performed a limited assurance engagement on the Reconciliation Statement in accordance with International Standards on Assurance Engagements 3000 (Revised) “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information” issued by the International Auditing and Assurance Standards Board.

Appendix

The Unaudited Interim Financial Statements of the Company are prepared in accordance with U.S. GAAP, which differ in certain respects from IFRS Accounting Standards. The effects of material differences between the Unaudited Interim Financial Statements prepared under U.S. GAAP and IFRS Accounting Standards are as follows:

Reconciliation of unaudited condensed consolidated statements of income:

For six months ended June 30,

2024

2025

RMB

RMB

Reconciliation of net income in the consolidated statements of income

      (in thousands)

Net income as reported under U.S. GAAP

882,440

743,309

IFRS Accounting Standards adjustments:

Preferred shares (Note a) 

126,264

64,042

Leases (Note b)

(285)

1,253

Share-based compensations (Note c) 

(16,419)

(8,625)

Net income as reported under IFRS Accounting

Standards

992,000

799,979

Reconciliation of unaudited condensed consolidated balance sheets:

As of

December 31,

As of

June 30,

2024

2025

RMB

RMB

Reconciliation of total equity in the consolidated balance sheets

              (in thousands)

Total equity as reported under U.S. GAAP

23,269,121

23,332,909

IFRS Accounting Standards adjustments:

Preferred shares (Note a)

1,693,068

1,858,262

Leases (Note b)

(8,019)

(6,766)

Total equity as reported under IFRS Accounting Standards

24,954,170

25,184,405

Notes:

Basis of Preparation

The Directors of the Company are responsible for preparation of the Reconciliation Statement in accordance with the relevant requirements of the Hong Kong Listing Rules. The Reconciliation Statement was prepared based on the Company’s unaudited interim condensed consolidated financial information for the six months ended June 30, 2025 prepared under U.S. GAAP, with adjustments made (if any) thereto in arriving at the unaudited financial information of the Company prepared under IFRS Accounting Standards. The adjustments reflect the differences between the Company’s accounting policies under U.S. GAAP and IFRS Accounting Standards.

(a)  Preferred Shares

Under U.S. GAAP, the preferred shares of the Company are accounted for as mezzanine equity, which is subsequently accreted to the amount which equals to redemption value of each series of preferred shares.

Under IFRS Accounting Standards, the preferred shares, which are redeemable at the option of the holder, represent a financial liability. And the financial liability is measured at fair value and changes in the fair value are reflected in the consolidated statements of comprehensive income. The amount of change in the fair value of the financial liability that is attributable to changes in the credit risk of the liability shall be recognized in other comprehensive income/(loss); the remaining amount of change in the fair value of the liability shall be recognized in profit or loss.

Accordingly, the reconciliation includes a fair value profit change of RMB126.26 million and RMB64.04 million recognized in the consolidated statements of comprehensive income for each of the six months ended June 30, 2024 and 2025, respectively. The reconciliation also includes the difference between mezzanine equity under U.S. GAAP and financial liabilities under IFRS Accounting Standards of RMB1,693.07 million and RMB1,858.26 million as at December 31, 2024 and June 30, 2025, respectively.

(b)  Leases

For operating leases under U.S. GAAP, the subsequent measurement of the lease liability is based on the present value of the remaining lease payments using the discount rate determined at lease commencement, while the right-of-use asset is remeasured at the amount of the lease liability, adjusted for the remaining balance of any lease incentives received, cumulative prepaid or accrued rents, unamortized initial direct costs and any impairment. This treatment under U.S. GAAP results in straight line expense being incurred over the lease term, as opposed to IFRS Accounting Standards which generally yields a “front-loaded” expense with more expense recognized in earlier years of the lease.

Accordingly, the reconciliation includes an expenses difference recognized in the consolidated statements of comprehensive income of RMB0.29 million (negative) and RMB1.25 million for each of the six months ended June 30, 2024 and 2025, respectively. The reconciliation also includes a difference in total equity of RMB8.02 million (negative) and RMB6.77 million (negative) as at December 31, 2024 and June 30, 2025, respectively.

(c)  Share-based Compensation

Under U.S. GAAP, 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 IFRS Accounting Standards, the accelerated method is required to recognize compensation expense for all employee equity awards granted with graded vesting.

Accordingly, the reconciliation includes an expense recognition difference in the consolidated statements of comprehensive income of RMB16.42 million (negative) and RMB8.63 million (negative) for each of the six months ended June 30, 2024 and 2025, respectively.

[1] The reporting currency of the Company is Renminbi (“RMB”). For readers’ convenience, certain amounts throughout the release are presented in US dollars (“US$”). Unless otherwise noted, all conversions from RMB to US$ are translated at the noon buying rate of US$1.00 to RMB7.1636 on June 30, 2025 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.

[2] For more information on this and other non-GAAP financial measures, please see the section captioned “Use of Non-GAAP Financial Measures” and the tables captioned “Unaudited Reconciliations of Non-GAAP and GAAP Results” set forth at the end of this release.

[3] It represented the loss of an investment with fair value below its initial investment, which was recognized at “interest and investment income, net”. The impact was considered to be not directly related to the Company’s operating activities.

 

Immerse Yourself in a Surreal Experience: Where AR Art Meets the Historic Streets of Nishi Chaya

Step into a magical world through digital street art in Nishi Chaya.

KANAZAWA, Japan, July 30, 2025 /PRNewswire/ — From Sunday, 13 April, an unprecedented AR art exhibition opens in Nishichayagai, the historic teahouse district where Kanazawa’s past and culture still breathe. Augmented Reality (AR) art overlays computer-generated imagery onto the real world via smartphone or computer. Kanazawa Biyori spoke to the organisers to find out more about the tour.

■Tell me about the tour.
Purchase a ticket, scan the QR code with your phone, and the story begins. The venue is the main street of Nishichayagai; when you reach each designated spot, the work automatically comes to life, merging everyday scenery with the digital. The entire Nishichaya-dōri forms one narrative, promising a mysterious moment as though you had stepped into a giant picture book.

■What kind of experience can you get on the tour.
“Art Café 33 yoi yoi,” which also serves as reception, offers a space to re-experience the works. Its name combines san-san (“33,” brilliantly radiant) with yoi yoi (the pleasant sway of cheerful inebriation). Set against the storied backdrop of Nishichayagai, this AR adventure invites fresh eyes to often-overlooked corners and is recommended for locals and visitors alike.

■Overview and Application Details
Duration: Ongoing — Sunday, 13 April to Sunday, 30 November
Hours: Variable; please check the official Instagram account for daily updates.
Admission: ¥1,100 per ticket
iPhone Rental: ¥10,000 deposit (fully refundable upon return)

■Further Information
Official Website https://kanaza-waza.com/33yoiyoi/
Instagram https://www.instagram.com/33yoiyoi/
Vertical Video https://www.youtube.com/shorts/UhrLjfmIgDs
Horizontal Video https://www.youtube.com/watch?v=hJqkvZZe03k

Modern tea ceremony https://kanazawatour.com/#modern-tea-ceremony
Blacksmith Workshop Tour https://kanazawatour.com/#blacksmith-workshop-tour


Contact Information
Company Name: Kanazawa Biyori Co., Ltd.
Address:
Sanpia Izumigaoka 511, 255 Fushimishinmachi,
Kanazawa City, Ishikawa 921-8172, Japan
Website: info@kanazawabiyori.com
Representative: Tatsunori Kita
Phone: +81-76-255-7663