Full Truck Alliance (YMM.US): Net revenue and profits hit a new high in 2023, with improved profitability.

Before the U.S. stock market opened on March 7th, digital freight platform Full Truck Alliance Group (YMM.US) released its fourth quarter and full year performance report for 2023. In the fourth quarter of 2023, Full Truck Alliance Group achieved operating income of 24.1 billion yuan, a year-on-year increase of 25.3%, and a net profit of 7.3 billion yuan under non-U.S. accounting standards, a year-on-year increase of 64.4%. In 2023, Full Truck Alliance Group achieved record highs in operating income and net profit under non-U.S. accounting standards. Operating income was 84.4 billion yuan, a year-on-year increase of 25.3%, and a net profit of approximately 2.8 billion yuan under non-U.S. accounting standards, a year-on-year increase of 100.4%, doubling from the previous year, significantly improving profitability. According to the financial report, in 2023, Full Truck Alliance Group continued to repurchase shares to enhance shareholder equity. So far, the company has repurchased 30.67 million ADS shares from the public market, valued at approximately 200 million U.S. dollars. Key operating data showed strong growth. In the full year of 2023, the number of completed orders reached 160 million, an increase of 33.4% year-on-year. In the fourth quarter of 2023, the monthly active shippers reached 2.24 million, reaching a historical high, with the user base continuously growing. According to the latest disclosed 13-F filing information, top long-term institutions such as Norway Bank and Invesco increased their holdings in Full Truck Alliance Group in the fourth quarter. Norway Bank (whose investment institution NBIM is one of the world's largest sovereign wealth funds) increased its holdings in Full Truck Alliance Group by about 1%, while Invesco continued to increase their stake for the third consecutive quarter. The total holdings of these two institutions were nearly 3 billion U.S. dollars.