Welcome to our dedicated page for Full Truck Alliance Co SEC filings (Ticker: YMM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Full Truck Alliance Co. Ltd. filings document a foreign private issuer operating a digital freight platform in China and trading in the United States through American depositary shares. Current reports on Form 6-K furnish unaudited quarterly and annual results, operating metrics for fulfilled orders and shipper activity, and revenue detail for freight listing, freight brokerage and transaction services.
The filings also record board-approved shareholder return policies, dividend and repurchase frameworks, and service-level changes affecting the freight brokerage business. As an ADR issuer, the company's disclosures center on platform economics, capital returns, governance approvals and foreign-issuer reporting status.
Full Truck Alliance Co. Ltd. submitted a Form 144 notice describing proposed sales of American Depositary Shares (ADSs). The filing lists an ADS lot of 148,000 and references one ADS represents 20 Class A ordinary shares. The document names Morgan Stanley & Co. International plc and an 05/22/2026 date.
Full Truck Alliance reported first quarter 2026 net revenues of RMB2,848.4 million, up 5.5% year over year, driven mainly by freight matching services and over 33% growth in transaction service revenue to RMB1,393.1 million. Value-added services declined to RMB376.0 million, mainly from lower credit solutions revenue.
Net income was RMB994.1 million, down from RMB1,278.9 million a year earlier, while non-GAAP adjusted net income fell to RMB1,202.0 million. Despite lower profit, operating cash flow surged to RMB1,562.0 million and free cash flow reached RMB1,493.8 million, supported by strong cash and investment balances of RMB32.3 billion as of March 31, 2026.
The company guided second quarter 2026 net revenues to RMB3.07–3.17 billion versus RMB3.24 billion a year earlier, but expects net revenues excluding freight brokerage to grow 7.1%–11.7% year over year. The board approved a quarterly cash dividend of US$0.0042 per ordinary share, or US$0.0840 per ADS, totaling approximately US$87.5 million, and targets about US$400 million of total shareholder return for fiscal 2026.
First Beijing Investment Limited reported beneficial ownership of 1,800,017,900 Class A ordinary shares of Full Truck Alliance Co. Ltd., equal to 90,000,895 ADSs (each ADS = 20 Class A shares). The filing states this equals 9.60% of Class A shares outstanding as of December 31, 2025, based on 18,752,052,944 Class A ordinary shares.
The filer reports sole voting power for 965,902,020 Class A shares and sole dispositive power for 1,800,017,900 Class A shares. The Schedule 13G/A is signed by a director on May 13, 2026.
Full Truck Alliance Co. Ltd. files its annual Form 20-F for the year ended December 31, 2025, reporting net revenues of RMB12.49 billion and net income attributable to ordinary shareholders of RMB4.41 billion. The filing explains its Cayman holding structure that operates China businesses through variable interest entities, highlighting legal and operational risks tied to PRC regulation, cybersecurity oversight and data security.
The company details significant cash movements among the Cayman parent, PRC subsidiaries and consolidated affiliates, and a growing record of shareholder returns, including approximately US$350 million in cash dividends during 2024–2025. It also adopts a long-term plan to distribute at least 50% of non-GAAP adjusted net income annually via dividends and share repurchases, with a US$400 million capital return target for 2026.
Full Truck Alliance Co. Ltd. director Guo Shanshan has filed an initial Form 3, which is a statement of beneficial ownership for insiders. The filing reports no purchases, sales, gifts, or other transactions, with net buy/sell activity described as neutral.
Full Truck Alliance Co. Ltd. director Li Xinzhe filed an initial statement of ownership, reporting holdings of the company’s American Depositary Shares (ADSs). Li indirectly holds 216,480 ADSs through a brokerage account maintained by the company for its employee incentive plan and directly holds 11,682 restricted ADSs. These restricted ADSs will vest in three equal parts on May 1, 2026, August 1, 2026, and November 1, 2026, subject to continued service. Each ADS represents 20 Class A ordinary shares of Full Truck Alliance.
Full Truck Alliance Co. Ltd. executive Cai Simon Chong filed an initial ownership report showing sizable equity exposure. He holds a stock option over 8,000,000 Class A ordinary shares with an exercise price of $0.0000 per share, vesting 50% on July 1, 2027 and 50% on July 1, 2029, subject to continued service. He also holds 767,980 American Depositary Shares (ADSs) directly and 400,000 ADSs indirectly through Master Quality Group Limited, which he has dispositive power over. Each ADS represents 20 Class A ordinary shares.
Full Truck Alliance Co. Ltd. officer Shen Kai filed an initial ownership report showing significant equity exposure. He holds a stock option covering 12,000,000 Class A ordinary shares at an exercise price of $0.0000 per share, vesting 50% on June 1, 2027 and 50% on June 1, 2029, contingent on continued service.
He also holds 93,777 American Depositary Shares (ADSs) directly and 500,000 ADSs indirectly through Master Quality Group Limited, which he has dispositive power over and which serves as nominee for an employee incentive plan trust. Each ADS represents 20 Class A ordinary shares.
Full Truck Alliance Co. Ltd. director and Chief Executive Officer Zhang Hui filed an initial Form 3 disclosing indirect holdings in the company’s ordinary shares. The filing reports beneficial ownership of 2,100,682,281 Class B ordinary shares and 17 Class A ordinary shares held through affiliated entities.
The Class B shares are directly held by Full Load Logistics Information Co., Ltd., a British Virgin Islands company wholly owned by Zhang Hui. The Class A shares are directly held by Master Quality Group Limited, over which Zhang Hui has dispositive power as nominee for an employee incentive plan trust.
Full Truck Alliance Co. Ltd. director Ji Weidong reported his initial ownership position in the company. He directly holds 2,576,355 American Depositary Shares, each representing 20 Class A ordinary shares. He is also attributed 782,133 Class A ordinary shares held by All-Stars SP VIII Limited through his 100% equity interest in ASCP II Limited, while disclaiming beneficial ownership beyond his pecuniary interest.