Full Truck Alliance Company Limited

Latest Results (19.12.2024):

Revenue Growth

Full Truck Alliance Company Limited reported net revenues of RMB3,031 million for the third quarter of 2024, showing a significant increase from RMB2,264 million in the same quarter of 2023. This growth reflects the company's expanding market presence and successful business strategies.

Operating Income

For the third quarter of 2024, Full Truck Alliance Company Limited achieved an income from operations of RMB762 million, up from RMB247 million in the third quarter of 2023. This improvement indicates enhanced operational efficiency and cost management.

Net Income

Full Truck Alliance Company Limited's net income for the third quarter of 2024 was RMB1,122 million, a substantial rise from RMB618 million in the same period of the previous year. This increase underscores the company's strong financial performance and profitability.

Non-GAAP Adjusted Net Income

The non-GAAP adjusted net income attributable to ordinary shareholders for Full Truck Alliance Company Limited in the third quarter of 2024 was RMB1,226 million, compared to RMB822 million in the third quarter of 2023. This adjustment accounts for share-based compensation and other non-recurring items, providing a clearer picture of the company's core earnings.

Financial Investments

As of September 30, 2024, Full Truck Alliance Company Limited held RMB6,086 million in long-term time deposits, RMB638 million in wealth management products with maturities over one year, RMB915 million in investments in debt securities, RMB320 million in equity method investments, and RMB702 million in equity investments without readily determinable fair value. These investments reflect the company's strategic allocation of resources to enhance financial stability and growth potential.