Welcome to our dedicated page for Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 news (Ticker: YMM), a resource for investors and traders seeking the latest updates and insights on Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 stock.
Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform that connects shippers with truckers, facilitating shipments across various distance ranges, cargo weights, and types. Operating primarily in the People's Republic of China, FTA provides a range of services including freight listing, freight brokerage, and online transaction services, alongside value-added offerings such as financial solutions, partnerships with highway authorities, and services with gas station operators.
In the third quarter of 2023, FTA reported a remarkable 25.2% increase in net revenues year-over-year, amounting to RMB 2,263.9 million (US$310.3 million). This growth was driven by an increase in revenues from freight matching services, and value-added services such as credit solutions. The company achieved significant year-over-year growth in its user base, fulfilling a high number of orders, and maintaining strong network effects in its logistics network.
FFA has shown a commitment to eco-friendly operations, partnering with China Everbright Bank to implement a 'carbon account' system that incentivizes drivers for reducing diesel consumption, thereby cutting CO2 emissions. This initiative aligns with China's goal of achieving carbon neutrality by 2060.
Additionally, FTA's digitization efforts have contributed to significant operational efficiencies. In 2023, the company serviced over 300 cities and connected 3.79 million active drivers with over 2 million consignors monthly. The implementation of digital logistics has been pivotal in reducing transportation costs, improving order completion rates, and enhancing overall logistics efficiency.
Looking ahead, Full Truck Alliance Co. Ltd. expects its fourth-quarter revenues to be between RMB 2.27 billion and RMB 2.32 billion, reflecting an 18.2% to 20.6% year-over-year growth. The company continues to invest in technology and strategic partnerships to bolster its market position and offer innovative solutions that meet the evolving needs of its users.
Full Truck Alliance Co. Ltd. (YMM) reported a strong financial performance for Q4 and FY 2021, with net revenues increasing 68.1% year-over-year to RMB 1,429.4 million (US$224.3 million). For FY 2021, revenues rose 80.4% to RMB 4,657.0 million (US$730.8 million). However, the company recorded a net loss of RMB 1,321.1 million (US$207.3 million) in Q4 and a total loss of RMB 3,654.5 million (US$573.5 million) for the year. Non-GAAP adjusted net income for Q4 was RMB 242.8 million (US$38.1 million), marking a significant improvement from the previous year's figures. The company expects Q1 2022 revenues to grow between 19.8% and 25.3% compared to Q1 2021.
Full Truck Alliance Co. Ltd. (NYSE: YMM) will release its fourth quarter and fiscal year 2021 unaudited financial results on March 1, 2022, before U.S. market open. An earnings conference call is scheduled for 7:00 A.M. ET on the same day to discuss the results. Listeners can access the call via specific dialing options provided for various regions. The call will also be available for replay until March 8, 2022. Full Truck Alliance connects shippers with truckers, aiming to enhance logistics efficiency and reduce carbon footprints.
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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.
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Full Truck Alliance Co. Ltd. (NYSE: YMM) reported third quarter 2021 financial results, showcasing a remarkable 68.9% increase in total net revenues, reaching RMB1,241.7 million (US$192.7 million) compared to RMB735.0 million in Q3 2020. The net loss decreased to RMB178.3 million (US$27.7 million) from RMB334.3 million the prior year. Gross Transaction Value (GTV) rose by 48.8% to RMB67.3 billion (US$10.4 billion), with fulfilled orders reaching 35.3 million, up 78.4%. The company expects Q4 2021 revenues between RMB1.24 billion and RMB1.31 billion, projecting a 46.0% to 54.0% year-over-year growth.
Full Truck Alliance Co. Ltd. (NYSE: YMM) will release its third quarter 2021 financial results on November 18, 2021, before U.S. market opens. An earnings conference call will occur at 7:00 A.M. ET on the same day. Interested parties can access the call through various international numbers or the Company's investor relations website. FTA, a leading digital freight platform, connects shippers and truckers, enhancing logistics efficiency and reducing carbon footprint.
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