Full Truck Alliance Co. Ltd. ( (YMM) ) has released its Q4 earnings. Here is a breakdown of the information Full Truck Alliance Co. Ltd. presented to its investors.
Full Truck Alliance Co. Ltd. is a leading digital freight platform that connects shippers with truckers, facilitating shipments across various distances, cargo weights, and types, primarily operating in the logistics industry.
In its latest earnings report, Full Truck Alliance Co. Ltd. announced significant growth in both its fourth quarter and fiscal year 2024 financial results, highlighting a substantial increase in net revenues and net income.
The company reported a 31.8% increase in total net revenues for the fourth quarter of 2024 compared to the same period in 2023, reaching RMB3,174.3 million. For the full fiscal year, net revenues rose by 33.2% to RMB11,238.6 million. Net income for the year increased by 40.2% to RMB3,123.4 million, while non-GAAP adjusted net income surged by 43.7% to RMB4,020.4 million. The growth was driven by increased revenues from freight matching services and transaction services, alongside a rise in fulfilled orders and average shipper monthly active users.
The company also announced the adoption of a semi-annual dividend policy and an extension of its share repurchase program, reflecting confidence in its future growth and commitment to enhancing shareholder value.
Looking ahead, Full Truck Alliance Co. Ltd. remains focused on leveraging AI-driven innovations to boost efficiency and earnings for truckers while reducing logistics costs for shippers. The company anticipates continued revenue growth in the first quarter of 2025, projecting a year-over-year increase of approximately 15.9% to 18.1%.