Full Truck Alliance .(YMM) - 2025 Q3 - Earnings Call Presentation

Q3 2025 Performance Highlights - Fulfilled orders reached 6340万, a 22.3% year-over-year increase[7, 13] - Average Shipper MAUs were 335万, a 17.6% year-over-year increase[9, 14] - The platform covers 300+ cities with 100% coverage of prefecture-level cities in China[8] - 448万 active truckers fulfilled shipping orders[8] Revenue Growth and Diversification - Total revenue reached RMB 33.58242亿元[23] - Freight brokerage service revenue was RMB 10.94349亿元, accounting for 32.5% of revenue[17, 23] - Freight listing service revenue was RMB 2.47119亿元, accounting for 7.4% of revenue[17, 23] - Transaction service revenue was RMB 14.56087亿元, accounting for 43.4% of revenue[17, 23] - Value-added services revenue was RMB 5.60687亿元, accounting for 16.7% of revenue[17, 23] Profitability and Efficiency - Non-GAAP adjusted operating income for the first nine months of 2025 was RMB 33.97338亿元, a 64.2% increase year-over-year[20, 25] - Non-GAAP adjusted net income for the first nine months of 2025 was RMB 37.31588亿元, a 25.7% increase year-over-year[20, 25]