Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.11, delivering a surprise of 37.50%.Over the last f ...

GUIYANG, China, March 7, 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 fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter and Fiscal Year 2023 Financial and Operational Highlights Total net revenues in the fourth quarter of 2023 were RMB2,408.0 million (US$339.2 million), an increase of 25.3% from RMB1,922.5 million in the same period of 2022. Total net r ...

Financial Performance - Total net revenues for Q4 2023 were RMB2,408.0 million (US$339.2 million), a 25.3% increase from RMB1,922.5 million in Q4 2022[4] - Net income for Q4 2023 was RMB588.3 million (US$82.9 million), up 200.6% from RMB195.7 million in Q4 2022[4] - Non-GAAP adjusted net income for Q4 2023 reached RMB733.0 million (US$103.2 million), a 64.4% increase from RMB445.8 million in Q4 2022[4] - Total net revenues for the fiscal year 2023 were RMB8,436.2 million (US$1,188.2 million), a 25.3% increase from RMB6,733.6 million in 2022[20] - Net income in 2023 was RMB2,227.1 million (US$313.7 million), an increase of 440.7% from RMB411.9 million in 2022[29] - Net income attributable to ordinary shareholders for the year ended December 31, 2023, was RMB 2,213 million, up 44.3% from RMB 1,406 million in 2022[49] Revenue Breakdown - Revenues from freight matching services in 2023 were RMB7,048.8 million (US$992.8 million), a 24.6% increase from RMB5,656.7 million in 2022[21] - Revenues from value-added services in 2023 were RMB1,387.3 million (US$195.4 million), an increase of 28.8% from RMB1,077.0 million in 2022[22] - Revenues from freight brokerage service in 2023 were RMB3,916.4 million (US$551.6 million), an increase of 16.5% from RMB3,360.3 million in 2022[24] - Revenues from transaction commissions amounted to RMB2,203.1 million (US$310.3 million) in 2023, an increase of 52.6% from RMB1,444.0 million in 2022[24] Operational Metrics - Fulfilled orders in Q4 2023 totaled 45.8 million, a 40.4% increase from 32.6 million in Q4 2022[4] - Average shipper MAUs in Q4 2023 were 2.24 million, an 18.7% increase from 1.88 million in Q4 2022[4] Expenses - Research and development expenses in 2023 were RMB946.6 million (US$133.3 million), compared with RMB914.2 million in 2022[27] - Sales and marketing expenses in 2023 were RMB1,239.2 million (US$174.5 million), compared with RMB902.3 million in 2022[25] - General and administrative expenses in 2023 were RMB937.7 million (US$132.1 million), a decrease from RMB1,417.9 million in 2022[26] - The total cost of revenues for the year ended December 31, 2023, was RMB 8,576,000,000, up from RMB 6,406,000,000 in 2022, reflecting an increase of approximately 34%[50] Cash and Assets - Cash and cash equivalents as of December 31, 2023, totaled RMB27.6 billion (US$3.9 billion), up from RMB26.3 billion as of December 31, 2022[17] - Total assets increased from RMB 36,696 million as of December 31, 2022, to RMB 39,348 million as of December 31, 2023, representing a growth of 7.1%[45] - Cash and cash equivalents rose from RMB 5,137 million in 2022 to RMB 6,771 million in 2023, marking a 31.9% increase[45] - Long-term investments surged from RMB 1,774 million in 2022 to RMB 11,076 million in 2023, indicating a significant increase of 524.5%[45] - The company’s total shareholders' equity rose from RMB 33,657 million in 2022 to RMB 35,617 million in 2023, an increase of 5.8%[45] Future Outlook - The Company expects total net revenues for Q1 2024 to be between RMB2.11 billion and RMB2.16 billion, representing a year-over-year growth rate of approximately 23.9% to 27.1%[31] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[48] Share Repurchase and Compensation - As of March 6, 2024, the Company had repurchased approximately 30.7 million ADSs for approximately US$200.0 million under the share repurchase program[32] - The total share-based compensation expense for the year ended December 31, 2023, was RMB 441,827,000, down from RMB 919,255,000 in 2022, indicating a reduction of approximately 52%[52] Adjusted Metrics - Non-GAAP adjusted operating income in 2023 was RMB1,580.4 million (US$222.6 million), an increase of 89.1% from RMB835.7 million in 2022[28] - Non-GAAP adjusted operating income for the year ended December 31, 2023, reached RMB 1,580,364,000, a substantial increase from RMB 835,651,000 in 2022, reflecting an increase of about 89%[52] - The company achieved a non-GAAP adjusted net income of RMB 732,972,000 for the three months ended December 31, 2023, compared to RMB 445,795,000 for the same period in 2022, marking an increase of approximately 64%[52] Loss from Operations - The company reported a loss from operations of RMB 250,816,000 for the three months ended December 31, 2023, a significant improvement from a loss of RMB 5,270,000 in the same period of the previous year[52]

Earnings Call Scheduled for 7:00 A.M. U.S. ET on March 7, 2024  GUIYANG, China, Feb. 23, 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 fourth quarter and fiscal year 2023 unaudited financial results on Thursday, March 7, 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 March 7, 2024 or 8:00 P.M. Beiji ...

12月25日消息，近日，满帮集团旗下短途（同城）货运平台“省省”宣布下调司机保证金，从2024年1月2日开始，平台司机保证金将从原来的1000元下调至300元。 据介绍，目前一个新手司机要注册同城货运平台的话，行业通常是首先需要缴纳一笔不可退的注册激活费（300元），然后平台还需要再缴纳一笔400-1000元不等的保证金。这两笔不小的开支不仅一定程度上增加了司机群体的经济负担，也提高了同城货运司机进入门槛，让不少本打算进入这行的新司机驻足却步。 据省省平台相关人士介绍，新司机注册省省，0注册激活费，只要通过相关认证就可以正常接单赚钱，无需缴纳保证金。如果司机希望能够更快更好接到更多订单，在满足信用和行为良好的情况下，可以缴纳保证金和参加培训后加入“诚信会员”。进而享受到增加口碑分、提升抢单PK胜率，获得完单奖励、获赠免费货运险等权益。 另一方面，和个别平台向司机双重征收会员费（最低109元）加上7%-13%的佣金不同的是，省省平台对于购买司机套餐的司机实行0抽佣。同时，省省还推出了放空补偿、超时等候费垫付、停车费垫付、部分运费垫付等多重保障。 据悉，省省平台在此次下调保证金的同时，还推出了“省星司机”的信誉评 ...

Full Truck Alliance Co. Ltd. (NYSE:YMM) Q3 2023 Earnings Conference Call November 20, 2023 7:00 AM ET Company Participants Mao Mao - Head of Investor Relations Hui Zhang - Founder, Chairman and Chief Executive Officer Simon Cai - Chief Financial Officer Conference Call Participants Ronald Keung - Goldman Sachs Eddy Wang - Morgan Stanley Charlie Chen - China Renaissance Brian Gong - Citi Jiulu Li - CICC Operator Ladies and gentlemen, good day and welcome to Full Truck Alliance's Third Quarter 2023 Earnings C ...

Exhibit 99.1 Full Truck Alliance Co. Ltd. Announces Third Quarter 2023 Unaudited Financial Results Third Quarter 2023 Financial and Operational Highlights Mr. Peter Hui Zhang, Founder, Chairman and Chief Executive Officer of FTA, commented, "Amid the evolving market demand in the logistics industry in the third quarter, we delivered another record-setting quarter with many operational and financial improvements, propelled by further improvements in our product functions and services. Both user scale and num ...

Full Truck Alliance Co. Ltd. (NYSE:YMM) Q2 2023 Earnings Conference Call August 23, 2023 8:00 AM ET Company Participants Mao Mao - Head of Investor Relations Hui Zhang - Founder, Chairman and Chief Executive Officer Simon Cai - Chief Financial Officer Conference Call Participants Ronald Keung - Goldman Sachs Eddy Wang - Morgan Stanley Charlie Chen - China Renaissance Brian Gong - Citigroup Jiulu Li - CICC Operator Ladies and gentlemen, good day, and welcome to Full Truck Alliance's Second Quarter 2023 Earni ...

Q2 2023 Earnings August 2023 Disclaimer This presentation has been prepared by Full Truck Alliance Co. Ltd. (the "Company") solely for informational purposes and has not been independently verified. No representations or warranties, express or implied, are made by the Company or any of its affiliates, directors, officers, employees, advisors, or representatives with respect to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in these mate ...

Exhibit 99.1 Full Truck Alliance Co. Ltd. Announces Second Quarter 2023 Unaudited Financial Results GUIYANG, China, Aug. 23, 2023 /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 second quarter ended June 30, 2023. Second Quarter 2023 Financial and Operational Highlights "Reinforced by our leading market position, our growth was robust in the second quarter of 2023, propelling further ...