Full Truck Alliance Co. Ltd. Sponsored ADR (YMM.US) reported a 33.9% year-on-year increase in revenue to 3.03 billion yuan in the third quarter, with record-high net profit.

On November 20, Full Truck Alliance Co. Ltd. Sponsored ADR Group (YMM.US) released its third quarter performance report for 2024. In this quarter, Full Truck Alliance Co. Ltd. Sponsored ADR Group achieved a record high operating income of 30.3 billion yuan, a year-on-year increase of 33.9%. Operating profit reached 8.8 billion yuan under non-U.S. accounting standards, a significant increase of 92.9% year-on-year. Adjusted net profit under non-U.S. accounting standards was 12.4 billion yuan, a year-on-year increase of 50.2%, demonstrating strong profitability. The report shows that Full Truck Alliance Co. Ltd. Sponsored ADR had remarkable operational and user data in the third quarter. The platform fulfilled a record high number of orders of 51.9 million in the third quarter, a year-on-year increase of 22.1%. The average monthly active users of the platform reached a historical high of 2.84 million, a year-on-year increase of 33.6%, indicating continuous improvement in user stickiness and platform activity. The market is confident in the development of Full Truck Alliance Co. Ltd. Sponsored ADR. According to the latest disclosure information, institutions that increased their holdings of Full Truck Alliance Co. Ltd. Sponsored ADR in the third quarter are mainly long-term investment institutions, including Fidelity International and First Beijing, which are large-scale long-term institutions. These institutions are either long-time shareholders of Full Truck Alliance Co. Ltd. Sponsored ADR or new funds with heavy positions after in-depth research over a period of time.