#China #logistics #digital freight #Guiyang #Full Truck Alliance

Full Truck Alliance Co. Ltd. First Quarter 2025 Financial Highlights

Full Truck Alliance Co. Ltd. (FTA), a prominent digital freight platform, revealed its unaudited financial results for the first quarter of 2025 on May 21, 2025. The report underscores the company's resilience and strategic growth as it navigates through a dynamic economic environment.

Revenue Growth and Operational Success

In the first quarter of 2025, FTA reported total net revenues amounting to RMB 2,699.9 million (approximately USD 372.1 million), marking a 19% increase from RMB 2,268.7 million during the same period of 2024. This robust revenue growth is primarily attributed to the surging demand for freight matching services amid a recovery in the logistics sector.

Alongside revenue growth, net income soared by 118.1% year-over-year, reaching RMB 1,278.9 million (USD 176.2 million). Furthermore, the company's non-GAAP adjusted net income increased by 84%, amounting to RMB 1,391.4 million (USD 191.7 million). These substantial gains reflect FTA's commitment to enhancing operational efficiency and reducing logistics costs within China’s road freight industry.

Strong User Engagement and Order Fulfillment

FTA's operational achievements are highlighted by the fulfillment of 48.2 million orders, a remarkable 22.6% increase from the previous year’s 39.3 million orders. The average monthly active users (MAUs) among shippers surged by 28.8%, reaching 2.76 million in Q1 2025 compared to 2.14 million in Q1 2024.

Peter Hui Zhang, the Founder and CEO of FTA, credited the company's success to its focus on leveraging advanced digital technologies to streamline logistics operations. He emphasized the importance of fostering a smarter, more sustainable digital logistics ecosystem and highlighted ongoing investments in brand enhancement and user acquisition as key drivers of growth.

Continued Investment and Innovation

Looking ahead, FTA remains dedicated to balancing growth with quality enhancements. The company plans to maintain its momentum through innovative AI-powered solutions and strategic collaborations within the logistics ecosystem. "We are confident that through our efforts, we will generate long-term returns for our shareholders," stated Langbo Guo, the President of FTA.

Moreover, FTA plans additional investments in Plus PRC Holding Ltd., underlining its unwavering commitment to technological innovation and to enhancing its competitive edge in the logistics industry. This collaboration aims to harness the potential of intelligent technologies in creating a robust operational framework.

Summary of Financial Results

• - Net Revenues: RMB 2,699.9 million (USD 372.1 million)
• - Net Income: RMB 1,278.9 million (USD 176.2 million)
• - Non-GAAP Adjusted Net Income: RMB 1,391.4 million (USD 191.7 million)
• - Fulfilled Orders: 48.2 million
• - Average Shipper MAUs: 2.76 million

Conclusion

Full Truck Alliance Co. Ltd.’s financial performance in Q1 2025 highlights its strategic prowess and leadership in the digital freight sector. By focusing on innovation and operational efficiency, FTA is well-positioned to capitalize on growth opportunities in the logistics industry moving forward.