Full Truck Alliance Co. Ltd. Sponsored ADR (YMM.US) Q3 report: Performance orders reached a historical high of 51.9 million, with the proportion of direct customer orders increasing to 49%.

On November 20, Full Truck Alliance Co. Ltd. Sponsored ADR Group (YMM.US), a digital freight platform, released its third quarter financial report for 2024 before the US stock market opened. The financial report shows that Full Truck Alliance Co. Ltd. Sponsored ADR achieved record-high revenue and net profit this quarter, with all business sectors maintaining healthy growth and showing strong momentum. During the reporting period, Full Truck Alliance Co. Ltd. Sponsored ADR achieved operating income of 3.03 billion yuan, a year-on-year increase of 33.9%. The adjusted operating profit reached 880 million yuan, a significant increase of 92.9% year-on-year, and the adjusted net profit reached 1.24 billion yuan, a significant increase of 50.2% year-on-year, both reaching historical highs and exceeding market expectations. Chairman of Full Truck Alliance Co. Ltd. Sponsored ADR Group, Zhang Hui, stated that since the third quarter, the user base, matching efficiency, orders, and income profits of Full Truck Alliance Co. Ltd. Sponsored ADR have maintained healthy growth. The company continues to promote digital and intelligent logistics transformation, helping shippers save money, helping drivers take more orders, improve delivery efficiency, and earn more money. In the third quarter, the group has comprehensively renewed the Yunmanman brand and deepened the dual-member mechanism for drivers and shippers, further increasing user base and stickiness. Looking ahead to the fourth quarter, Full Truck Alliance Co. Ltd. Sponsored ADR will continue to innovate its digital and intelligent products to create greater value for users and society. Operational and brand strength drive record-breaking user data User growth and user stickiness are key indicators of the operational quality of Full Truck Alliance Co. Ltd. Sponsored ADR. Through active multi-channel acquisitions and optimizing the user experience for new shippers based on effective user feedback, such as simplifying the shipping process, the number of new shipper accounts for Full Truck Alliance Co. Ltd. Sponsored ADR in this quarter maintained strong growth. The average monthly active shipper in the third quarter was 2.84 million, reaching a new high, an increase of 33.6% compared to the same period last year. As for drivers, as of the third quarter, the number of active drivers in the past 12 months for Full Truck Alliance Co. Ltd. Sponsored ADR exceeded 4 million for the first time. This quarter, Full Truck Alliance Co. Ltd. Sponsored ADR continued its combination mechanism of "snatching good orders + driver membership + behavioral scoring", driving drivers to improve their behavior score and service quality, leading to a positive growth in driver data. The group has continued to deepen its digital and intelligent logistics transformation, helping companies reduce costs and increase efficiency in the current macroeconomic environment, gaining logistics competitiveness. Looking ahead, with the effective implementation of direct customer acquisition strategies, Full Truck Alliance Co. Ltd. Sponsored ADR will further optimize its order structure and continue to improve delivery efficiency. On November 12, the Ministry of Transport officially released the "Action Plan for Reducing Costs, Improving Quality, and Increasing Efficiency in Transportation Logistics", and held a national on-site promotion meeting on November 13 to coordinate and deploy various tasks related to reducing costs, improving quality, and increasing efficiency in transportation logistics, promoting an effective reduction in the overall logistics costs of society. Reducing costs, improving quality, and increasing efficiency is one of the most important topics in the logistics industry today. In response, Full Truck Alliance Co. Ltd. Sponsored ADR stated that, as a representative of the new quality of logistics production force, it will continue to increase product innovation in digital and intelligent logistics to create greater value for users and society. Steady growth continues to attract long-term institutional holdings With its steady performance and significant growth potential, Full Truck Alliance Co. Ltd. Sponsored ADR received increased holdings from multiple institutions, especially long-term investment institutions, in the third quarter, further confirming the market's high recognition of Full Truck Alliance Co. Ltd. Sponsored ADR's long-term investment value.The main list of increased holdings this quarter of Ored ADR includes Fidelity International, First Beijing, etc. These institutions may be long-term investors who have increased their holdings in Full Truck Alliance Co. Ltd. Sponsored ADR after a period of in-depth research."Je ne parle pas espagnol" "I do not speak Spanish"