汽车之家 2026年年度报告和过渡报告

Indicate the number of outstanding shares of each of the Issuer’s classes of capital or common stock as of the close of the period covered by the annual report.463,038,708 ordinary shares (excluding46,348,892 treasury shares and ordinary shares that had been issued and reserved for the purpose of our share incentive plans as of December 31, 2025), par value US$0.0025 per share, wereoutstanding as of December 31, 2025. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for suchshorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) duringthe preceding 12 months (or for such shorter period that the registrant was required to submit such files) Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growth company. See definition of “large accelerated filer,”“accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. Yes☐No☐ † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5,2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b)of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. Yes☒No☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an errorto previously issued financial statements.☐ TABLE OF CONTENTS FORWARD-LOOKING STATEMENTSPART I.ITEM 1IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISORSITEM 2OFFER STATISTICS AND EXPECTED TIMETABLEITEM 3KEY INFORMATIONITEM 4INFORMATION ON THE COMPANYITEM 4AUNRESOLVED STAFF COMMENTSITEM 5OPERATING AND FINANCIAL REVIEW AND PROSPECTSITEM 6DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEESITEM 7MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONSITEM 8FINANCIAL INFORMATIONITEM 9THE OFFER AND LISTINGITEM 10ADDITIONAL INFORMATIONITEM 11QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM 12DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIESPART II.ITEM 13DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIESITEM 14MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDSITEM 15CONTROLS AND PROCEDURESITEM 16AAUDIT COMMITTEE FINANCIAL EXPERTITEM 16BCODE OF ETHICSITEM 16CPRINCIPAL ACCOUNTANT FEES AND SERVICESITEM 16DEXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEESITEM 16EPURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERSITEM 16FCHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANTITEM 16GCORPORATE GOVERNANCEITEM 16HMINE SAFETY DISCLOSUREITEM 16IDISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONSITEM 16JINSIDER TRADING POLICIESITEM 16KCYBERSECURITYPART III.ITEM 17FINANCIAL STATEMENTSITEM 18FINANCIAL STATEMENTSITEM 19EXHIBITSSIGNATURES INTRODUCTION Unless otherwise indicated and except where the context otherwise requires, references in this annual report on Form20-F to: •“ADSs” are to our American depositary shares, each of which represents four ordinary shares, par value US$0.0025 per share, after our variation of share capital in 2021;•“CAC” are to the Cyberspace Administration of China and the Office of the Central Cyberspace Affairs Commission;•“CARTECH” are toCARTECH HOLDING COMPANY, a subsidiary of Haier Group Corporation;•“CCASS” are to the Central Clearing and Settlement System established and operated by Hong Kong Securities Clearing Company Limited, a wholly-owned subsidiary ofHong Kong Exchange and Clearing Limited;•“China” or the “PRC” are to the People’s Republic of China, including Hong Kong, Macau and Taiwan; and “mainland China” refers to the People’s Republic of China,excluding Hong Kong, Macau and Taiwan;•“CSRC” are to the China Securities Regulatory Commission;•“ESG report” are to our 2025 ESG report, which is ac