Full Truck Alliance Co Ltd - ADR (N:YMM)
Business Focus: Software
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | Building #3, Wanbo R&D Park, 20 Fengxin NANJING JNG 210012 |
| Tel: | 1-212-4812050 |
| Website: | https://ir.fulltruckalliance.com |
| IR: | See website |
| Key People | ||
| Hui Zhang Chairman of the Board, Chief Executive Officer, Founder | Chong Cai Chief Financial Officer | Kai Shen Chief Risk Officer, General Counsel |
| Langbo Guo Chief Strategy Officer | Zhenghong Wang Chief Customer Officer | |
| Business Overview |
| Full Truck Alliance Co Ltd is a freight dispatch platform mainly engaged in the development of cloud computing, big data, mobile Internet and artificial intelligence technology. The Company's main services include freight listing services, it can help shippers issue invoices and help truck drivers find goods in a standardized way through a mobile application; freight brokerage services, providing end-to-end freight matching services, to provide a higher level of service quality assurance; and online trading services. The Company also provides a range of value-added services to meet the basic needs of shippers and truck drivers. For example, shippers can access shipping management systems, credit solutions and insurance on the platform. Truckers can access software for routing and managing traffic ticket records, credit solutions, insurance, electronic billing, services and energy services on the platform. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Full Truck Alliance Co Ltd - ADR revenues increased 25% to RMB8.44B. Net income increased from RMB406.8M to RMB2.21B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Interest income increase from RMB483.7M to RMB1.14B (income), Stock-based Compensation i decrease of 63% to RMB297.5M (expense). |
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