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 ...

Exhibit 99.1 Full Truck Alliance Co. Ltd. Announces Second Quarter 2024 Unaudited Financial Results GUIYANG, China, Aug. 21, 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 second quarter ended June 30, 2024. Second Quarter 2024 Financial and Operational Highlights • Total net revenues in the second quarter of 2024 were RMB2,764.3 million (US$380.4 million), an increase of 34.1% ...

Financial Data and Key Metrics - Total net revenues in Q2 2024 reached RMB2,764 million, up 34.1% YoY [10] - Non-GAAP adjusted operating income increased by 55.1% YoY to RMB699 million, while adjusted net income rose 34.3% YoY to RMB971 million [10] - Basic and diluted net income per ADS were RMB0.79, compared to RMB0.57 in the same period last year [25] - Cash and cash equivalents, restricted cash, short-term investments, long-term time deposits, and wealth management products totaled RMB26.8 billion as of June 30, 2024 [26] Business Line Performance - Transaction service revenues grew by 63% YoY, accounting for over 34% of total revenues [10] - Freight brokerage service revenues increased by 22.7% YoY to RMB1,164.8 million, driven by higher transaction volume [22] - Freight listing service revenues rose 5.6% YoY to RMB212.1 million, primarily due to growth in paying members [22] - Value-added services revenues grew 32% YoY to RMB435.6 million, supported by demand for credit solutions and other services [22] Market Performance - Fulfilled orders in H1 2024 grew by 25% YoY, significantly outpacing the single-digit growth in the overall freight market [6] - The number of freight orders fulfilled by electric vehicles increased by 100% YoY, contributing nearly 20% of total order volume [11] - The fulfillment rate reached a record high of 33.7% in Q2, up 3.4 percentage points YoY [9] Strategic Direction and Industry Competition - The company aims to become a one-stop shipping platform for 30 million small and medium-sized shippers, focusing on high-quality user acquisition [8] - Investments in digitalization and intelligent infrastructure are ongoing, with a focus on promoting new energy transportation capacity [11] - The LTL (less-than-truckload) business grew 47% YoY in Q2, driven by industry trends and enhanced product features [51] Management Commentary on Operating Environment and Future Outlook - Despite macroeconomic challenges and extreme weather conditions, the company maintained robust order growth, with fulfilled orders increasing by 22% YoY to 49.1 million in Q2 [13] - The company expects total revenues for Q3 2024 to be between RMB2.78 billion and RMB2.82 billion, representing a YoY growth rate of 21.9% to 24.6% [26] - Management remains confident in achieving over 20% order volume growth for the full year, driven by user growth and product enhancements [32] Other Important Information - The company repurchased approximately 3.5 million ADS shares, totaling $30.7 million, under its $300 million share repurchase program [20] - The shipper member 12-month rolling retention rate remained above 80% in Q2, indicating strong user stickiness [17] Q&A Session Summary Question: Factors behind the slowdown in order growth and outlook for Q3 and full-year order volume [29] - Order growth in Q2 was driven by an expanding shipper user base, product optimization, and new business volume, partially offset by weak road freight demand and extreme weather conditions [30] - The company expects over 20% order volume growth for the full year, supported by increasing online penetration and product enhancements [32] Question: Drivers behind the strong growth in monthly active shippers and user structure trends [33] - User growth was driven by effective acquisition strategies, including online channels and branding campaigns, with direct shippers contributing 48% of total fulfilled orders [34] - The company is enhancing the trucker credit rating system and expanding service coverage to increase order frequency among direct shippers [35] Question: Update on freight listing services and reasons for modest revenue growth [38] - Shipper members reached 860,000 in Q2, with growth driven by new users and enhanced membership operations [39] - The company introduced free trial memberships and a RMB288 mini membership package to attract new paying members [39] Question: Trucker activity levels and strategies for trucker operations [41] - Monthly active truckers responding to orders remained above 3 million in Q2, with growth driven by the premium cargo bidding feature [42] - The company is focusing on optimizing service scenarios, including a dedicated LTL carpool zone, to improve trucker efficiency [44] Question: Progress in the entrusted shipment business and operational strategies [46] - Entrusted shipment orders accounted for over 6% of total order volume in Q2, driven by pricing strategy optimization and new user influx [47] - The company is focusing on tiered trucker rating systems to ensure transportation quality for entrusted shipments [48] Question: Growth in the LTL business and industry trends [50] - The LTL business grew 47% YoY in Q2, driven by industry shifts toward LTL and enhanced product features [51] - The company launched a carpooling zone for LTL to improve shippers' cargo consolidation efficiency and truckers' income levels [53]

Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) came out with quarterly earnings of $0.13 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.10, delivering a surprise of 11.11%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. ...

GUIYANG, China, Aug. 21, 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 second quarter ended June 30, 2024.Second Quarter 2024 Financial and Operational HighlightsTotal net revenues in the second quarter of 2024 were RMB2,764.3 million (US$380.4 million), an increase of 34.1% from RMB2,062.0 million in the same period of 2023.Net income in the second quarter of 2024 was RMB840 ...

Earnings Call Scheduled for 8:00 A.M. U.S. ET on August 21, 2024  GUIYANG, China, Aug. 1, 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 second quarter 2024 unaudited financial results on Wednesday, August 21, 2024, before the open of the U.S. markets. The Company's management will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on August 21, 2024 or 8:00 P.M. Beijing Time to ...