作者｜Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，满帮集团（YMM.US）于11月20日美股盘前发布了2024年第三季度业绩报告。 财报显示， 满帮本季度营收规模和净利润均再创新高 。其中， 满帮 三季度 实现营业收入30.3亿 元（人民币，下同），同比增长33.9% ； 非美国会计准则下的调整后营业利润 为 8.8亿元，同比 增长 92.9% ； 非美国会计准则下调整后净利润为12.4亿元，同比 增长 50.2%，均创历史新高， 超出市场预期。 满帮在三季度获得多家机构，尤其是长线投资机构的增持。 本文为IPO早知道原创 5190 元 同比增长 22.1 % 广 å 货主月活 284万 33.6%T & 履约活跃司机 过去12个月400万↑ 恺 履约率 此外，新用户增长及用户粘性是满帮运营质量的关键指标——通过积极的多渠道拉新，以及在有效听 取用户反馈的基础上，从产品端优化新手货主的体验，例如对发货流程进行极简化等，满帮本季度货 主新户数量保持了强劲增长，三季度发货货主月活平均为284万人，创下新高，较2023年同期增长 33.6%。 在司机方面，截至三季度，满帮过去12个 ...

Core Insights - Full Truck Alliance Co. Ltd. reported quarterly earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.15 per share, and showing an increase from $0.11 per share a year ago, resulting in an earnings surprise of 13.33% [1] - The company achieved revenues of $431.97 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 11.19% and up from $310.3 million year-over-year [2] - Full Truck Alliance shares have increased approximately 22.3% year-to-date, compared to the S&P 500's gain of 24.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $384.21 million, and for the current fiscal year, it is $0.48 on revenues of $1.48 billion [7] - The estimate revisions trend for Full Truck Alliance is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Technology Services industry, to which Full Truck Alliance belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

GUIYANG, China, Nov. 20, 2024 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced its unaudited financial results for the third quarter ended September 30, 2024.Third Quarter 2024 Financial and Operational Highlights Total net revenues in the third quarter of 2024 were RMB3,031.4 million (US$432.0 million), an increase of 33.9% from RMB2,263.9 million in the same period of 2023.  Net income in the third quarter of 2024 was RM ...

Earnings Call Scheduled for 7:00 A.M. U.S. ET on November 20, 2024 GUIYANG, China, Oct. 31, 2024 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced that it will release its third quarter 2024 unaudited financial results on Wednesday, November 20, 2024, before the open of the U.S. markets. The Company's management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time on November 20, 2024 or 8:00 P.M. Beijing Ti ...

Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) shares rallied 10.2% in the last trading session to close at $8.42. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.9% gain over the past four weeks.The stock is rallying after the People’s Bank of China (PBOC) announced that it plans to lower banks’ reserve requirements by 50 basis points (bps) and may implement further cuts in the future. Also, the PBOC red ...

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) have gained 2.4% over the past four weeks to close the last trading session at $7.25, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $10.12 indicates a potential upside of 39.6%. The average comprises six short-term price targets ranging from a low of $7 to a high of $12, with a standard deviation of $1.84. While the lo ...

证券研究报告·海外公司点评·交通运输 满帮集团（YMM） 2024Q2 业绩点评：用户加速增长，规模与盈 利能力继续成长 2024 年 08 月 27 日 买入（维持） | --- | --- | --- | --- | --- | --- | |-------------------------------|-------|-------|-------|-------|-------| | [盈利预测与估值 Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | | | | | | | 同比（%） | 45% | 25% | 26% | 26% | 23% | | Non-GAAP 归母净利润（百万元） | | | | | | | 同比（%） | 209% | 100% | 31% | 35% | 29% | | Non-GAAP EPS（元/ADS） | | | | | | | PE（Non-GAAP） | | | | | | [关键词： Table_Tag#业绩超预期 ] [Table_Summary] 投资要点 ◼ 事件 ...

031 # II 1 用 Justin Paget Full Truck Alliance Co. Ltd.'s (NYSE:YMM) shares are still awarded a Buy rating based on my assessment of the company's performance and prospects. YMM achieved top line and bottom-line growth rates of over +30% YoY in the recent quarter. Looking forward, the company anticipates that its order volume will increase by at least +20% for the full-year FY 2024. My previous May 24, 2024, update evaluated YMM's shareholder yield and key Q1 2024 financial metrics. In the current write-up, ...

[Table_Title] 【 广 发 传 媒 & 海 外 】 满 帮 集 团 （YMM） 交易抽佣持续高增，履约订单数&货主 MAU 创新高 [Table_Summary] 核心观点： ⚫ 事件：满帮集团发布 24Q2 业绩。24Q2，公司实现营收 27.64 亿元， YoY+34.1%，高于业绩指引 26.5~27.2 亿元的上沿，主要由于交易交 易服务收入的显著增长。分业务看：（1）货运匹配服务收入 23.29 亿 元，同增 34.4%。其中：货运经纪收入 11.65 亿元，YoY+22.7%；信 息发布收入 2.12 亿元，YoY+5.6%；交易服务收入 9.52 亿元， YoY+63.4%，继续保持高增速，主要由订单量、抽佣覆盖率及单均抽 佣的增长驱动。（2）增值服务收入 4.36 亿元，同增 32%。 ⚫ 利润端，24Q2 毛利率 52.5%，同比下降 0.2pct，环比下降 2.0pct。费 用率优化带来净利率提升。24Q2，销售费用 3.7 亿元，销售费用率 13.5%，同比下降 0.2pct，环比下降 1.5pct；管理费用率及研发费用率 同比环比都明显优化。24Q2，归母净利 8.2 亿元 ...

Financial Performance - Total net revenues for Q2 2024 were RMB2,764.3 million (US$380.4 million), a 34.1% increase from RMB2,062.0 million in Q2 2023[3] - Net income for Q2 2024 was RMB840.5 million (US$115.7 million), up 38.0% from RMB609.0 million in Q2 2023[14] - Non-GAAP adjusted net income in Q2 2024 was RMB970.9 million (US$133.6 million), a 34.3% increase from RMB722.7 million in Q2 2023[14] - The net income attributable to ordinary shareholders for the six months ended June 30, 2024, was RMB 1,404,306 thousand, compared to RMB 1,014,446 thousand for the same period in 2023, reflecting a 38.4% increase[38] - The income from operations for the three months ended June 30, 2024, was RMB 565,367 thousand, a significant increase from RMB 312,189 thousand in the previous year, marking an 81.1% growth[42] - The total operating income for the six months ended June 30, 2024, was RMB 1,184,417 thousand, up from RMB 723,109 thousand in the same period of 2023, representing a 63.8% increase[42] User Metrics - Fulfilled orders reached 49.1 million in Q2 2024, a 22.0% increase from 40.2 million in Q2 2023[3] - Average shipper MAUs in Q2 2024 were 2.65 million, a 32.8% increase from 2.00 million in Q2 2023[3] Revenue Growth - Revenues from transaction services grew 63.4% year-over-year to RMB951.9 million (US$131.0 million) in Q2 2024[6] - The company expects total net revenues for Q3 2024 to be between RMB2.76 billion and RMB2.82 billion, reflecting a year-over-year growth rate of approximately 21.9% to 24.6%[22] Cash and Assets - Cash and cash equivalents as of June 30, 2024, totaled RMB26.8 billion (US$3.7 billion), down from RMB27.6 billion as of December 31, 2023[16] - The total current assets as of June 30, 2024, amounted to RMB 23,190,352, a decrease from RMB 23,996,982 as of December 31, 2023[36] - Total assets increased slightly from RMB 39,347,647 to RMB 39,598,318, reflecting a growth of about 0.6%[36] - The company has long-term investments totaling RMB 11,075,739 as of June 30, 2024, which includes various financial instruments[36] - The company reported a total shareholders' equity of RMB 35,707,599 as of June 30, 2024, a slight increase from RMB 35,617,304[36] Expenses - Research and development expenses in Q2 2024 were RMB232.1 million (US$31.9 million), an increase from RMB223.7 million in Q2 2023[12] - For the three months ended June 30, 2024, the total operating expenses increased to RMB 2,206,714 thousand, up from RMB 1,964,534 thousand in the same period of 2023, representing a 12.3% increase[38] - Research and development expenses for the three months ended June 30, 2024, were RMB 232,140 thousand, slightly down from RMB 247,708 thousand in the same period of 2023, a decrease of 6.3%[38] - The company incurred share-based compensation expenses of RMB 116,301 thousand for the three months ended June 30, 2024, compared to RMB 99,626 thousand in the same period of 2023, an increase of 16.7%[42] Financial Ratios and Adjustments - The total non-performing loan ratio was 2.1% as of June 30, 2024, compared to 2.0% as of December 31, 2023[17] - Non-GAAP adjusted operating income and net income measures are provided, but they should not be considered in isolation from GAAP measures[31] - The company emphasizes the importance of reviewing non-GAAP financial measures alongside the most directly comparable GAAP measures[31] Forward-Looking Statements - Forward-looking statements indicate potential risks related to market conditions and regulatory environments affecting future performance[33] - The company anticipates continued growth in net income and user data as it expands its market presence and invests in new product development[44]