Autohome-S (02518) opened nearly 10% higher on Monday, trading up 9.97% at HK$44.14 as of the time of writing, with a trading volume of 14.12 million shares.
The surge comes after Autohome-S announced that its board of directors approved a new share repurchase program on July 28, 2026, effective immediately. Under the program, the company may repurchase up to $400 million worth of American depositary shares over the next 12 months.
Key company developments
In addition to the buyback, Autohome recently held a new retail investment promotion conference. The event focused on the new energy vehicle retail sector, opportunities in lower-tier markets, and growth potential in the automotive aftermarket. The company unveiled a comprehensive upgrade plan for its Autohome Mall, introducing diversified cooperation models for automakers, dealers, and offline physical stores across the country.
Autohome also showcased its retail chain brand "Jiajia Haoche" at the conference. In 2026, Jiajia Haoche plans to add 600 new stores nationwide.
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