HONG KONG, May 11, 2023 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced its first quarter financial results for 2023. The Company got off to a solid start in the first quarter with a number of indicators beating market expectations. Total net revenue achieved RMB1.53 billion, up 4.2% year-over-year. Profitability also continued to improve, with adjusted net income of RMB483.5 million, up 10.5% year-over-year, and the adjusted net margin remained at a comparatively high level of 31.5%. As of March 31, 2023, the Company's balance sheet remained very strong with cash, cash equivalents, and short-term investments of RMB22.71 billion, indicating sufficient cash reserves.