Full Truck Alliance Co. Ltd. Announces Gross Transaction Value for the Fourth Quarter of 2021
Full Truck Alliance Co. Ltd. (NYSE: YMM) reported strong fourth quarter results for 2021, facilitating 34.8 million fulfilled orders with a Gross Transaction Value (GTV) of RMB 69.5 billion, reflecting year-over-year growth of 41.6% and 22.1%, respectively. CEO Peter Hui Zhang emphasized the company's commitment to enhancing logistics efficiency and user engagement as it heads into 2022. The ongoing cybersecurity review of its apps aims to bolster network security, crucial for further growth.
- 34.8 million fulfilled orders in Q4 2021, up 41.6% year-over-year.
- GTV of RMB 69.5 billion in Q4 2021, representing 22.1% year-over-year growth.
- Focus on increasing user engagement and improving logistics efficiency.
- Pending cybersecurity review may delay growth and app functionalities.
GUIYANG, China, Jan. 25, 2022 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced that the Company facilitated 34.8 million fulfilled orders with Gross Transaction Value ("GTV") of RMB69.5 billion in the fourth quarter ended December 31, 2021, representing
Mr. Peter Hui Zhang, Founder, Chairman and Chief Executive Officer of FTA, stated, "In an extension of the robust momentum we saw throughout the year, we are pleased to have capped off a successful 2021 with excellent fourth quarter operating performance. We have achieved this by relentlessly focusing on increasing the frequency of use by our regular users, a drive supported by our increasingly efficient matching and optimized product functions. This once again reflects our business model's resilience and sustainability. To usher in 2022, we will continue to improve our logistics system and network security to accelerate the formation of a safe, efficient, nationwide logistics network. Pending the completion of the cybersecurity review of our Yunmanman and Huochebang apps, we look forward to our continued growth through expanding user base and driving user engagement."
About Full Truck Alliance Co. Ltd.
Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform, connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services including freight listing service, freight brokerage service and online transaction service. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, such as financial institutions, highway authorities, and gas stations operators. With a mission to make logistics smarter, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: FTA's goal and strategies; FTA's expansion plans; FTA's future business development, financial condition and results of operations; expected changes in FTA's revenues, costs or expenses; industry landscape of, and trends in, China's road transportation market; competition in FTA's industry; FTA's expectations regarding demand for, and market acceptance of, its services; FTA's expectations regarding its relationships with shippers, truckers and other ecosystem participants; FTA's ability to protect is systems and infrastructures from cyber-attacks; PRC laws, regulations, and policies relating to the road transportation market, as well as general regulatory environment in which FTA operates in China; the results of regulatory review and the duration and impact of any regulatory action taken against FTA; the impact of COVID-19 pandemic, extreme weather conditions and production constraints brought by electricity rationing measures; general economic and business condition; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: FTA@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com
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SOURCE Full Truck Alliance Co. Ltd.
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