ATHM · Autohome Inc.

This 6-K filing presents a mandatory reconciliation between U.S. GAAP and IFRS for Autohome Inc., required under Hong Kong Listing Rules, and reflects substantive accounting policy differences that materially affect reported net income and equity. The largest driver is the treatment of redeemable preferred shares: under U.S. GAAP they are classified as mezzanine equity with accretion to redemption value, whereas under IFRS they are treated as financial liabilities measured at fair value, with changes in fair value flowing through profit or loss — resulting in RMB301.7 million and RMB168.9 million of fair value gains included in IFRS net income for 2024 and 2025, respectively. Leases and share-based compensation contribute smaller but directionally consistent adjustments: lease accounting yields modest expense timing differences, while the shift from U.S. GAAP’s straight-line to IFRS’s accelerated vesting method reverses sign year-over-year (RMB−16.99 million in 2024, +RMB14.85 million in 2025). Total equity under IFRS exceeds U.S. GAAP equity by over RMB2 billion as of December 31, 2025, primarily due to the liability classification of preferred shares. While this filing does not report new operating results or strategic developments, it provides essential transparency for international investors comparing Autohome’s financials across reporting frameworks.