7Baggers

Full Truck Alliance Co Ltd
(NYSE:YMM) 

YMM stock logo

Founded: 2011
Sector: Transportation and Warehousing
Industry: General Freight Trucking, Local
Chinese
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• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
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• Ex-Dividend date:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-11-17 2025-08-21 2025-05-21 2025-03-05 2024-12-31 2024-11-20 2024-08-22 2024-05-22 2024-03-07 2023-12-31 2023-11-21 2023-08-24 2023-05-24 2023-03-09 2022-12-31 2022-11-25 2021-12-31 2021-11-18 2021-08-10 
                       
      net revenues:
    		                   
      freight matching services
    		2,747,919,000 2,247,107,000 2,247,107,000 2,551,834,000                
      freight brokerage service
    		1,177,906,000 965,666,000 965,666,000                 
      freight listing service
    		242,920,000 234,905,000 234,905,000                 
      transaction service
    		1,327,093,000 1,046,536,000 1,046,536,000 1,047,498,000                
      value-added services
    		491,187,000 452,802,000 452,802,000 479,554,000                
      total net revenues
    		3,239,106,000 2,699,909,000 2,699,909,000 3,031,388,000                
      operating expenses:
    		                   
      cost of revenues
    		-1,238,371,000  -698,559,000 -1,364,884,000 -1,391,714,000 -1,312,072,000 -1,031,888,000 -1,031,888,000 -1,142,057,000 -4,119,021,983 1,381 -849,373,000 -849,373,000 -952,953,000 -951,779,000 -925,937,000 -658,161,000 -626,952,000 -412,800,000 
      sales and marketing expenses
    		-433,842,000 -377,850,000 -377,850,000 -412,499,000 -471,829,000 -372,288,000 -340,147,000 -340,147,000 -290,782,000 -1,239,230,489 13,075 -245,677,000 -245,677,000 -232,911,000 -281,129,000 -196,186,000 -239,449,000 -236,849,000 -170,386,000 
      general and administrative expenses
    		-170,347,000 -186,009,000 -186,009,000 -227,874,000 -202,265,000 -219,157,000 -264,467,000 -264,467,000 -290,443,000 -937,885,214 68,124 -179,507,000 -179,507,000 -206,556,000 -408,181,000 -344,781,000 -1,636,157,000 -2,123,019,000 -321,976,000 
      research and development expenses
    		-189,620,000 -193,358,000 -193,358,000 -195,142,000 -205,026,000 -232,140,000 -247,708,000 -247,708,000 -237,716,000 -946,692,466 17,046 -229,879,000 -229,879,000 -226,615,000 -250,207,000 -216,373,000 -233,648,000 -155,081,000 -138,047,000 
      provision for loans receivable
    		-75,028,000 -81,851,000 -81,851,000 -71,242,000 -73,905,000 -71,057,000 -80,324,000 -80,324,000 -62,948,000   -52,878,000 -52,878,000 -50,312,000 -53,900,000 -40,080,000    
      total operating expenses
    		-2,107,208,000 -1,537,627,000 -1,537,627,000 -2,271,641,000 -2,344,739,000 -2,206,714,000 -1,964,534,000 -1,964,534,000 -2,023,946,000   -1,557,314,000 -1,557,314,000 -1,669,347,000 -1,945,196,000 -1,723,357,000 -2,791,900,000 -3,165,606,000 -1,071,665,000 
      other operating income
    		7,662,000 40,165,000 40,165,000 2,242,000 5,920,000 7,798,000 8,010,000 8,010,000 7,089,000   20,821,000 20,821,000 2,471,000 17,453,000 6,891,000 10,586,000 6,399,000 2,617,000 
      income from operations
    		1,139,560,000 1,202,447,000 1,202,447,000 761,989,000 835,435,000 565,367,000 312,189,000 312,189,000 247,060,000   165,764,000 165,764,000 141,684,000 -5,270,000 -46,415,000 -1,351,937,000 -2,040,386,000 -201,894,000 
      yoy
    		36.40% 112.68% 285.17% 144.08% 238.15%   88.33% 49.04%   -457.13% -112.26% -106.94% -97.39%     
      qoq
    		-5.23% 0.00% 57.80% -8.79% 47.77% 81.10% 0.00% 26.36%    0.00% 17.00% -2788.50% -88.65% -96.57% -33.74% 910.62%  
      other income
    		    -1,559,000 1,395,000 2,070,000 2,070,000 116,885,000    6,663,000       
      interest income
    		251,304,000 245,509,000 245,509,000 303,268,000 149,466,000 305,337,000 315,363,000 315,363,000 297,249,000   246,114,000 246,114,000 118,180,000 202,324,000 106,834,000 69,118,000 45,152,000 49,422,000 
      foreign exchange gain
    		205,000 -10,825,000 -10,825,000 -3,444,000 4,725,000 6,306,000 417,000 417,000 585,000   -97,000 -97,000 2,196,000 1,531,000 10,195,000 -2,889,250 -11,720,000 141,000 
      investment income
    		20,002,000 19,333,000 19,333,000 7,250,000 10,354,000 18,697,000 18,484,000 18,484,000 22,605,000   2,713,000 2,713,000 3,683,000 1,212,000 -13,968,000 1,337,000 15,822,000 8,272,000 
      unrealized gains from fair value changes of investments
    		37,032,000 33,462,000 33,462,000 10,618,000 -323,000 -4,522,000              
      other income (expenses)
    		-11,024,000 618,000 618,000 126,246,000           56,386,500 -799,000    
      share of loss in equity method investees
    		-2,590,000   -351,000 -1,580,000 -882,000 -48,000 -48,000 -236,000   -310,000 -310,000 -352,000 -73,000 -608,000 -6,070,000 -1,685,000 -1,572,000 
      total other income
    		294,929,000 288,260,000 288,260,000 443,587,000 -210,948,000 326,331,000 328,898,000 328,898,000 424,964,000   265,044,000 265,044,000 328,939,000 215,065,000 61,768,000 35,085,000 70,365,000 20,570,000 
      net income before income tax
    		1,434,489,000 1,490,707,000 1,490,707,000 1,205,576,000 624,487,000 891,698,000 641,087,000 641,087,000 672,024,000   430,808,000 430,808,000 470,623,000 209,795,000 15,353,000 -580,871,250 -1,970,021,000 -181,324,000 
      income tax expense
    		-169,655,000 -211,771,000 -211,771,000 -83,640,000 -49,861,000 -51,190,000 -54,720,000 -54,720,000 -53,601,000   -19,380,000 -19,380,000 -75,140,000 -14,110,000 -2,613,000    
      net income
    		1,264,834,000 1,278,936,000 1,278,936,000 1,121,936,000 574,626,000 840,508,000 586,367,000 586,367,000 618,423,000   411,428,000 411,428,000 395,483,000 195,685,000 12,740,000 -1,321,060,000 -1,958,215,000 -196,956,000 
      yoy
    		120.11% 52.16% 118.11% 91.34% -7.08%   42.52% 50.31%   3129.42% -131.14% -120.20% -199.35%     
      qoq
    		-1.10% 0.00% 13.99% 95.25% -31.63% 43.34% 0.00% -5.18%    0.00% 4.03% 102.10% 1435.99% -100.96% -32.54% 894.24%  
      less: net loss attributable to non-controlling interests
    		-1,147,000 -1,162,000 -1,162,000 -1,254,000 -592,750 -568,000  -549,000            
      less: measurement adjustment attributable to redeemable non-controlling interests
    		21,493,000 11,522,000 11,522,000 16,104,000 17,346,000 17,942,000 5,744,000 5,744,000     2,519,000       
      net income attributable to ordinary shareholders
    		1,244,488,000 1,268,576,000 1,268,576,000 1,107,086,000 558,457,000 823,134,000 581,172,000 581,172,000 614,353,000   408,909,000 408,909,000 393,505,000 193,840,000 11,411,000 -712,949,250 -2,206,206,000 -467,169,000 
      net income per ordinary share
    		                   
      —basic
    		60 60 0.06 50 30 40 30  30 20 30 20 0.02 20 2.5 10    
      —diluted
    		60 60 0.06 50 30 40 30  30 20 30 20 0.02 20 2.5 10    
      net income per ads*
    		                   
      weighted-average number of ordinary shares used in computing net income per share
    		                   
      weighted-average number of ads used in computing net income per ads
    		                   
      cost of revenues (including vat net of government grants of rmb992.8 million and rmb918.7 million for the three months ended june 30, 2024 and 2025, respectively),
    		 -698,559,000                  
      share of gain in equity method investees
    		 163,000 163,000                 
      impairment loss
    		                -55,756,000   
      net income per share
    		                   
      weighted-average number of adss used in computing net income per ads
    		                   
      freight brokerage
    		   1,280,917,000                
      freight listing
    		   223,419,000                
      net revenues (including value added taxes,
    		                   
      “vat”, of rmb1,137.9 million and rmb1,380.7 million for the three months ended september 30, 2023 and 2024, respectively)
    		    2,016,096,000 2,764,283,000              
      net revenues
    		      2,268,713,000 2,268,713,000 2,263,917,000   1,702,257,000 1,702,257,000 1,808,560,000 1,922,473,000 1,670,051,000   867,154,000 
      unrealized gains from fair value changes of investments and derivative assets
    		      -7,388,000 -7,388,000            
      less: net income attributable to non-controlling interests
    		      -549,000  -675,000       553,000 -25,750 -227,000 -1,000 
      — basic
    		       0.03            
      — diluted
    		       0.03            
      interest expenses
    		             -14,000  -68,000    
      unrealized gain from fair value changes of trading securities and derivative assets
    		        -12,124,000   9,961,000  -12,217,000      
      less: measurement adjustment attributable to redeemable non-controlling interest
    		        4,745,000   2,519,000  1,978,000 688,500 776,000    
      *   each ads represents 20 ordinary shares.    share-based compensation expense in operating expenses are as follows:
    		                   
      total
    		         77,788 99,626         
      other (expenses) income
    		           6,663,000  217,463,000   -8,553,000 -6,859,000 1,443,000 
      unrealized gains (loss) from fair value changes of short-term investments and derivative assets
    		            9,961,000       
      net income attributable to full truck alliance co. ltd.
    		             393,505,000   -583,341,250 -1,957,988,000 -196,955,000 
      less: deemed dividend to preferred share holders
    		                   
      unrealized loss from fair value changes of trading securities and derivative assets
    		              -17,094,000 -39,818,000    
      net income attributable to full truck
    		                   
      alliance co. ltd.
    		              53,230,500 11,411,000    
      deemed dividend to preferred share holders
    		                   
      “vat”, of rmb404.6 million and rmb720.8 million for the three months ended september 30, 2020 and 2021, respectively)
    		                806,910,500 1,118,821,000  
      benefit from loans receivable
    		                -18,293,250 -23,705,000 -28,456,000 
      unrealized gains (loss) from fair value changes of trading securities and derivative assets
    		                -3,748,250 29,655,000 -37,136,000 
      income tax benefits
    		                -2,495,750 11,806,000 -15,632,000 
      net income from continuing operations
    		                -1,321,060,000 -1,958,215,000  
      net income from discontinued operations, net of tax
    		                   
      deemed dividend
    		                -1,036,864,000 248,218,000 270,214,000 
      net income from continuing operations.
    		                  -196,956,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-11-17 2025-09-30 2025-08-21 2025-06-30 2025-05-21 2025-03-31 2025-03-05 2024-12-31 2024-11-20 2024-09-30 2024-08-22 2024-06-30 2024-05-22 2024-03-31 2024-03-07 2023-12-31 2023-11-21 2023-09-30 2023-08-24 2023-06-30 2023-05-24 2023-03-31 2023-03-09 2022-12-31 2022-11-25 2022-09-30 2022-08-26 2022-06-30 2022-06-09 2022-03-31 2021-12-31 2021-09-30 2021-06-30 
                                       
        assets
      		                                 
        current assets:
      		                                 
        cash and cash equivalents
      		5,740,071,000 5,740,071,000 4,399,195,000 4,399,195,000 8,235,073,000 8,235,073,000 5,810,347,000 5,810,347,000 4,592,305,000 4,592,305,000 5,135,376,000 5,135,376,000 7,045,436,000 7,045,436,000 6,770,895,000 6,770,895,000 6,735,661,000 6,735,661,000 7,071,047,000 7,071,047,000 6,820,432,000 6,820,432,000 5,137,312,000 5,137,312,000 4,955,413,000 4,955,413,000 4,811,929,000 4,811,929,000 4,324,046,000 4,324,046,000 4,284,291,000 3,703,230,000 10,140,920,000 
        restricted cash
      		70,923,000 70,923,000 72,864,000 72,864,000 132,056,000 132,056,000  100,533,000                          
        short-term investments
      		9,739,175,000 9,739,175,000 12,337,664,000 12,337,664,000 11,924,159,000 11,924,159,000 15,002,903,000 15,002,903,000 15,855,809,000 15,855,809,000 11,552,755,000 11,552,755,000 11,388,665,000 11,388,665,000 11,516,304,000 11,516,304,000 13,107,008,000 13,107,008,000 17,859,805,000 17,859,805,000 18,896,770,000 18,896,770,000 21,087,089,000 21,087,089,000 21,744,544,000 21,744,544,000 21,219,243,000 21,219,243,000 20,910,908,000 20,910,908,000 21,634,642,000 23,065,837,000 16,670,733,000 
        accounts receivable
      		44,812,000 44,812,000 34,868,000 34,868,000 24,356,000 24,356,000 19,643,000 19,643,000 27,038,000 27,038,000 27,378,000 27,378,000 37,976,000 37,976,000 23,418,000 23,418,000 21,292,000 21,292,000 17,810,000 17,810,000 20,922,000 20,922,000 13,015,000 13,015,000 16,602,000 16,602,000 14,727,000 14,727,000 23,017,000 23,017,000 29,139,000 62,042,000 59,928,000 
        amount due from related party
      		14,211,000 14,211,000                                
        loans receivable
      		4,996,228,000 4,996,228,000 4,861,809,000 4,861,809,000 4,509,865,000 4,509,865,000 4,199,645,000 4,199,645,000 4,326,360,000 4,326,360,000 3,997,137,000 3,997,137,000 3,565,229,000 3,565,229,000 3,521,072,000 3,521,072,000 3,375,680,000 3,375,680,000 3,141,406,000 3,141,406,000 2,759,256,000 2,759,256,000 2,648,449,000 2,648,449,000 2,714,426,000 2,714,426,000 2,338,404,000 2,338,404,000 2,064,269,000 2,064,269,000 1,777,667,000 1,655,458,000 1,491,968,000 
        prepayments and other current assets
      		1,105,015,000 1,105,015,000 2,076,124,000 2,076,124,000 2,629,344,000 2,629,344,000 2,122,902,000 2,122,902,000 2,894,832,000 2,894,832,000 2,376,943,000 2,376,943,000 2,140,930,000 2,140,930,000 2,049,780,000 2,049,780,000 2,422,968,000 2,422,968,000 2,079,179,000 2,079,179,000 2,309,695,000 2,309,695,000  2,034,427,000     826,241,000 826,241,000 1,099,607,000 1,104,430,000 919,247,000 
        total current assets
      		21,710,435,000 21,710,435,000 23,796,841,000 23,796,841,000 27,454,853,000 27,454,853,000 27,255,973,000 27,255,973,000 27,796,906,000 27,796,906,000 23,190,352,000 23,190,352,000 24,295,902,000 24,295,902,000 23,996,982,000 23,996,982,000 25,765,988,000 25,765,988,000 30,253,574,000 30,253,574,000 30,897,054,000 30,897,054,000 31,004,051,000 31,004,051,000 30,954,861,000 30,954,861,000 29,860,992,000 29,860,992,000 28,218,387,000 28,218,387,000 28,898,243,000 29,695,860,000 29,459,612,000 
        long-term investments1
      		16,568,009,000 16,568,009,000 14,458,261,000 14,458,261,000 10,785,769,000 10,785,769,000 9,876,118,000  8,661,163,000 8,661,163,000 12,007,362,000 12,007,362,000 10,862,931,000 10,862,931,000 11,075,739,000  9,243,220,000 9,243,220,000                
        property and equipment
      		414,303,000 414,303,000 345,100,000 345,100,000 293,120,000 293,120,000 289,611,000 289,611,000 267,449,000 267,449,000 236,282,000 236,282,000 211,781,000 211,781,000 194,576,000 194,576,000 171,771,000 171,771,000 156,628,000 156,628,000 145,029,000 145,029,000 108,824,000 108,824,000 111,455,000 111,455,000 105,786,000 105,786,000 101,227,000 101,227,000 102,158,000 40,497,000 37,857,000 
        intangible assets
      		744,512,000 744,512,000 367,063,000 367,063,000 379,357,000 379,357,000 393,477,000 393,477,000 407,359,000 407,359,000 421,875,000 421,875,000 435,991,000 435,991,000 449,904,000 449,904,000 460,686,000 460,686,000 475,235,000 475,235,000 488,026,000 488,026,000 502,421,000 502,421,000 517,224,000 517,224,000 528,166,000 528,166,000 542,014,000 542,014,000 557,016,000 484,441,000 467,453,000 
        goodwill
      		3,946,556,000 3,946,556,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 3,124,828,000 2,926,454,000 2,865,071,000 
        deferred tax assets
      		258,680,000 258,680,000 133,724,000 133,724,000 96,286,000 96,286,000 92,882,000 92,882,000 78,576,000 78,576,000 185,000,000 185,000,000 154,821,000 154,821,000 149,081,000 149,081,000 41,680,000 41,680,000 42,403,000 42,403,000 43,216,000 43,216,000 41,490,000 41,490,000 56,381,000 56,381,000 41,172,000 41,172,000 30,196,000 30,196,000 20,492,000 36,655,000 29,420,000 
        operating lease right-of-use assets
      		100,961,000 100,961,000 101,324,000 101,324,000 106,474,000 106,474,000  115,654,000                 152,231,000 152,231,000 162,395,000 162,395,000 120,848,000 120,848,000    
        other non-current assets
      		324,115,000 324,115,000 242,985,000 242,985,000 139,622,000 139,622,000 98,532,000 98,532,000 130,862,000 130,862,000 277,633,000 277,633,000 272,310,000 272,310,000 211,670,000 211,670,000 27,578,000 27,578,000 5,771,000 5,771,000 6,943,000 6,943,000 8,427,000 8,427,000 6,230,000 6,230,000 6,193,000 6,193,000 15,501,000 15,501,000 3,847,000 145,477,000 598,822,000 
        total non-current assets
      		22,387,136,000 22,387,136,000 18,803,285,000 18,803,285,000 14,965,456,000 14,965,456,000 14,031,102,000 14,031,102,000 12,815,713,000 12,815,713,000 16,407,966,000 16,407,966,000 15,220,531,000 15,220,531,000 15,350,665,000 15,350,665,000 13,187,842,000 13,187,842,000 8,129,388,000 8,129,388,000 5,723,888,000 5,723,888,000 5,692,260,000 5,692,260,000 5,777,554,000 5,777,554,000 5,716,708,000 5,716,708,000 5,628,407,000 5,628,407,000 5,500,192,000 5,098,686,000 5,026,196,000 
        total assets
      		44,097,571,000 44,097,571,000 42,600,126,000 42,600,126,000 42,420,309,000 42,420,309,000 41,287,075,000 41,287,075,000 40,612,619,000 40,612,619,000 39,598,318,000 39,598,318,000 39,516,433,000 39,516,433,000 39,347,647,000 39,347,647,000 38,953,830,000 38,953,830,000 38,382,962,000 38,382,962,000 36,620,942,000 36,620,942,000 36,696,311,000 36,696,311,000 36,732,415,000 36,732,415,000 35,577,700,000 35,577,700,000 33,846,794,000 33,846,794,000 34,398,435,000 34,794,546,000 34,485,808,000 
        liabilities, mezzanine equity and shareholders’ equity
      		                                 
        current liabilities:
      		                                 
        accounts payable
      		34,272,000 34,272,000 29,477,000 29,477,000 28,198,000 28,198,000 31,227,000 31,227,000 28,422,000 28,422,000 32,656,000 32,656,000 28,173,000 28,173,000 25,220,000 25,220,000 30,850,000 30,850,000 34,593,000 34,593,000 28,479,000 28,479,000 27,953,000 27,953,000 24,182,000 24,182,000 29,807,000 29,807,000 32,548,000 32,548,000 29,381,000 31,237,000 24,180,000 
        amount due to related party
      		14,211,000 14,211,000                                
        prepaid for freight listing fees and other service fees
      		648,361,000 648,361,000 646,856,000 646,856,000 542,407,000 542,407,000 571,185,000 571,185,000 618,418,000 618,418,000 600,993,000 600,993,000 504,357,000 504,357,000 548,917,000 548,917,000   530,535,000 530,535,000 429,143,000 429,143,000 462,080,000 462,080,000 477,448,000 477,448,000 459,523,000 459,523,000    380,367,000 402,381,000 
        income tax payable
      		439,972,000 439,972,000 361,465,000 361,465,000 409,129,000 409,129,000 336,220,000 336,220,000 245,855,000 245,855,000 276,578,000 276,578,000 207,740,000 207,740,000 154,916,000 154,916,000 75,910,000 75,910,000 74,895,000 74,895,000 65,752,000 65,752,000 52,233,000 52,233,000 58,729,000 58,729,000 45,187,000 45,187,000 33,762,000 33,762,000 31,538,000 45,510,000 34,318,000 
        other tax payable
      		534,217,000 534,217,000 570,070,000 570,070,000 783,981,000 783,981,000 898,396,000 898,396,000 1,020,169,000 1,020,169,000 878,786,000 878,786,000 753,604,000 753,604,000 784,617,000 784,617,000 781,810,000 781,810,000 717,823,000 717,823,000 624,999,000 624,999,000 721,597,000 721,597,000 623,539,000 623,539,000 652,371,000 652,371,000 501,296,000 501,296,000 894,592,000 437,456,000 387,138,000 
        operating lease liabilities
      		42,996,000 42,996,000 43,452,000 43,452,000 40,701,000 40,701,000  41,204,000                     42,096,000 42,096,000    
        dividends payable
      		710,000,000 710,000,000   715,107,000 715,107,000   16,525,000 16,525,000 16,806,000 16,806,000 1,062,670,000 1,062,670,000                    
        accrued expenses and other current liabilities
      		1,046,273,000 1,046,273,000 1,026,709,000 1,026,709,000 1,063,296,000 1,063,296,000 1,141,758,000 1,141,758,000 1,666,619,000 1,666,619,000 1,493,252,000 1,493,252,000 1,551,858,000 1,551,858,000 1,723,245,000 1,723,245,000 1,650,101,000 1,650,101,000 1,384,926,000 1,384,926,000 1,232,392,000 1,232,392,000 1,301,160,000 1,301,160,000 1,350,834,000 1,350,834,000 1,151,621,000 1,151,621,000 1,067,817,000 1,067,817,000 1,206,179,000 1,098,154,000 839,905,000 
        total current liabilities
      		3,470,302,000 3,470,302,000 2,678,029,000 2,678,029,000 3,582,819,000 3,582,819,000 3,019,990,000 3,019,990,000 3,638,223,000 3,638,223,000 3,341,917,000 3,341,917,000 4,149,579,000 4,149,579,000 3,274,673,000 3,274,673,000 3,138,297,000 3,138,297,000 2,910,370,000 2,910,370,000 2,544,032,000 2,544,032,000 2,731,765,000 2,731,765,000 2,707,483,000 2,707,483,000 2,503,539,000 2,503,539,000 2,171,377,000 2,171,377,000 2,733,785,000 2,250,404,000 1,944,600,000 
        deferred tax liabilities
      		183,667,000 183,667,000 89,059,000 89,059,000 92,315,000 92,315,000 95,570,000 95,570,000 98,825,000 98,825,000 102,080,000 102,080,000 105,335,000 105,335,000 108,591,000 108,591,000 111,846,000 111,846,000 115,101,000 115,101,000 118,356,000 118,356,000 121,611,000 121,611,000 125,142,000 125,142,000 128,672,000 128,672,000 132,202,000 132,202,000 135,764,000 117,419,000 113,292,000 
        other non-current liabilities
      		12,242,000 12,242,000 10,923,000 10,923,000 10,466,000 10,466,000 12,414,000 12,414,000 15,344,000 15,344,000 17,229,000 17,229,000 18,964,000 18,964,000 22,950,000 22,950,000                  
        total non-current liabilities
      		197,860,000 197,860,000 108,676,000 108,676,000 118,703,000 118,703,000 131,912,000 131,912,000 146,792,000 146,792,000 159,703,000 159,703,000 169,013,000 169,013,000 178,250,000 178,250,000 153,388,000 153,388,000 135,703,000 135,703,000 146,432,000 146,432,000 157,542,000 157,542,000 176,763,000 176,763,000 188,470,000 188,470,000 200,514,000 200,514,000 135,764,000 117,419,000 113,292,000 
        total liabilities
      		3,668,162,000 3,668,162,000 2,786,705,000 2,786,705,000 3,701,522,000 3,701,522,000 3,151,902,000 3,151,902,000 3,785,015,000 3,785,015,000 3,501,620,000 3,501,620,000 4,318,592,000 4,318,592,000 3,452,923,000 3,452,923,000 3,291,685,000 3,291,685,000 3,046,073,000 3,046,073,000 2,690,464,000 2,690,464,000 2,889,307,000 2,889,307,000 2,884,246,000 2,884,246,000 2,692,009,000 2,692,009,000 2,371,891,000 2,371,891,000 2,869,549,000 2,367,823,000 2,057,892,000 
        mezzanine equity
      		                                 
        redeemable non-controlling interests
      		702,960,000 702,960,000 581,897,000 581,897,000 454,591,000 454,591,000 443,070,000  425,723,000 425,723,000 389,099,000 389,099,000 302,848,000 302,848,000 277,420,000  272,668,000 272,668,000 267,923,000 267,923,000 152,290,000 152,290,000 149,771,000  147,926,000 147,926,000 94,448,000 94,448,000      
        shareholders’ equity
      		                                 
        ordinary shares
      		1,344,000 1,344,000 1,343,000 1,343,000 1,346,000 1,346,000 1,343,000  1,343,000 1,343,000 1,341,000 1,341,000 1,345,000 1,345,000 1,371,000  1,368,000 1,368,000 1,363,000 1,363,000 1,377,000 1,377,000 1,377,000  1,370,000 1,370,000   1,420,000 1,420,000 1,416,000 1,394,000 1,394,000 
        additional paid-in capital
      		44,282,157,000 44,282,157,000 44,996,952,000 44,996,952,000 45,160,084,000 45,160,084,000 45,823,723,000  45,780,737,000 45,780,737,000 45,699,371,000 45,699,371,000 45,764,768,000 45,764,768,000 47,713,985,000  47,599,279,000 47,599,279,000 47,502,397,000 47,502,397,000 47,846,855,000 47,846,855,000 47,758,178,000  47,584,981,000 47,584,981,000 48,326,274,000 48,326,274,000 49,485,619,000 49,485,619,000 49,245,773,000 48,390,698,000 48,306,998,000 
        accumulated other comprehensive income
      		2,965,139,000 2,965,139,000 3,129,673,000 3,129,673,000 3,192,259,000 3,192,259,000 3,223,944,000  2,601,815,000 2,601,815,000 3,031,806,000 3,031,806,000 2,936,062,000 2,936,062,000 2,897,871,000  3,202,775,000 3,202,775,000 3,348,109,000 3,348,109,000 2,215,860,000 2,215,860,000 2,511,170,000  2,937,724,000 2,937,724,000 1,680,920,000 1,680,920,000 436,825,000 436,825,000 538,650,000 970,122,000 876,719,000 
        accumulated deficit
      		-8,008,066,000 -8,008,066,000 -8,909,513,000 -8,909,513,000 -10,103,708,000 -10,103,708,000 -11,372,284,000  -11,929,515,000 -11,929,515,000 -13,036,601,000 -13,036,601,000 -13,819,432,000 -13,819,432,000 -14,400,604,000  -14,984,693,000 -14,984,693,000 -15,599,046,000 -15,599,046,000 -16,204,583,000 -16,204,583,000 -16,613,492,000  -16,807,332,000 -16,807,332,000 -17,200,837,000 -17,200,837,000 -17,212,248,000 -17,212,248,000 -17,020,254,000 -15,699,171,000 -15,520,749,000 
        total full truck alliance co. ltd. equity
      		39,240,574,000 39,240,574,000 39,218,455,000 39,218,455,000 38,249,981,000 38,249,981,000 37,676,726,000  36,385,885,000 36,385,885,000 35,695,917,000 35,695,917,000 34,882,743,000 34,882,743,000 35,604,506,000  35,376,088,000 35,376,088,000 35,062,952,000 35,062,952,000   33,657,233,000  33,716,743,000 33,716,743,000 32,807,743,000 32,807,743,000 31,401,476,000 31,401,476,000    
        non-controlling interests
      		485,875,000 485,875,000 13,069,000 13,069,000 14,215,000 14,215,000 15,377,000  15,996,000 15,996,000 11,682,000 11,682,000 12,250,000 12,250,000 12,798,000  13,389,000 13,389,000 6,014,000 6,014,000         73,427,000 73,427,000 73,441,000 73,820,000 73,694,000 
        total shareholders’ equity
      		39,726,449,000 39,726,449,000 39,231,524,000 39,231,524,000 38,264,196,000 38,264,196,000 37,692,103,000  36,401,881,000 36,401,881,000 35,707,599,000 35,707,599,000 34,894,993,000 34,894,993,000 35,617,304,000  35,389,477,000 35,389,477,000 35,068,966,000 35,068,966,000 33,778,188,000 33,778,188,000 33,657,233,000  33,716,743,000 33,716,743,000 32,807,743,000 32,807,743,000 31,474,903,000 31,474,903,000    
        total liabilities, mezzanine equity and equity
      		44,097,571,000 44,097,571,000 42,600,126,000 42,600,126,000 42,420,309,000 42,420,309,000 41,287,075,000  40,612,619,000 40,612,619,000 39,598,318,000 39,598,318,000 39,516,433,000 39,516,433,000 39,347,647,000  38,953,830,000 38,953,830,000 38,382,962,000 38,382,962,000   36,696,311,000  36,732,415,000 36,732,415,000 35,577,700,000 35,577,700,000      
        amounts due from related party
      		  14,317,000 14,317,000                              
        restricted cash – current
      		      100,533,000  100,562,000 100,562,000 100,763,000 100,763,000 92,585,000 92,585,000 115,513,000  103,379,000 103,379,000 84,327,000 84,327,000 89,979,000 89,979,000 83,759,000  72,829,000 72,829,000 65,220,000 65,220,000 69,906,000 69,906,000 65,822,000 89,863,000 73,047,000 
        restricted cash – non-current
      		      40,000,000  20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 20,000,000 10,000,000  10,000,000 10,000,000 10,000,000 10,000,000     13,500,000 13,500,000 13,500,000 13,500,000 13,500,000 13,500,000 13,500,000 13,500,000 13,500,000 
        operating lease right-of-use assets and land use rights
      		      115,654,000  125,476,000 125,476,000 134,986,000 134,986,000 137,869,000 137,869,000 134,867,000 134,867,000 108,079,000 108,079,000 112,505,000 112,505,000 122,205,000 122,205,000 132,000,000 132,000,000          
        operating lease liabilities – current
      		      41,204,000  42,215,000 42,215,000 42,846,000 42,846,000 41,177,000 41,177,000 37,758,000 37,758,000 40,320,000 40,320,000 40,865,000 40,865,000 42,744,000 42,744,000 44,590,000 44,590,000 48,228,000 48,228,000 42,319,000 42,319,000      
        operating lease liabilities – non-current
      		      23,928,000  32,623,000 32,623,000 40,394,000 40,394,000 44,714,000 44,714,000 46,709,000  17,127,000 17,127,000 20,602,000 20,602,000 28,076,000 28,076,000 35,931,000  51,621,000 51,621,000 59,798,000 59,798,000      
        treasury stock
      		        -68,495,000 -68,495,000     -608,117,000  -442,641,000 -442,641,000 -189,871,000 -189,871,000 -81,321,000 -81,321,000            
        long-term investments
      		       9,876,118,000        11,075,739,000   2,384,485,000 2,384,485,000              
        liabilities and shareholders’ equity
      		                                 
        current liabilities
      		                                 
        amounts due from related parties
      		            25,081,000 25,081,000                 7,075,000 15,000,000 103,769,000 
        amount due to related parties
      		                  126,733,000 126,733,000   122,152,000  124,523,000 124,523,000 117,711,000 117,711,000 127,212,000 127,212,000 179,859,000   
        restricted cash—current
      		               115,513,000        83,759,000          
        restricted cash—non-current
      		               10,000,000                  
        amounts due to related parties
      		                    120,523,000 120,523,000  122,152,000        257,680,000 256,678,000 
        operating lease liabilities–non-current
      		               46,709,000                  
        commitments and contingencies
      		                                 
        prepaid for freight listing fees and other service fees– current
      		                559,306,000 559,306,000                
        prepaid for freight listing fees – non-current
      		                24,415,000 24,415,000                
        investments in equity investees
      		                  1,817,533,000 1,817,533,000 1,759,282,000 1,759,282,000 1,774,270,000 1,774,270,000 1,795,705,000 1,795,705,000 1,734,668,000 1,734,668,000 1,680,293,000 1,680,293,000 1,678,351,000 1,451,662,000 1,014,073,000 
        long-term deposits
      		                    34,359,000 34,359,000            
        total liabilities, mezzanine equity and shareholders’ equity
      		                    36,620,942,000 36,620,942,000            
        prepayments, receivables and other current assets
      		                      2,034,427,000  1,451,047,000 1,451,047,000 1,411,469,000 1,411,469,000      
        short-term borrowings
      		                          5,000,000 5,000,000 9,000,000 9,000,000 9,000,000   
        subscription receivables
      		                        -16,500,000 -16,500,000 -16,500,000 -16,500,000 -1,310,140,000 -1,310,140,000    
        short-term loans
      		                                 
        operating lease liabilities – non current
      		                       35,931,000          
        liabilities, mezzanine equity and shareholders’ (deficit)/equity
      		                                 
        shareholders’ (deficit)/equity
      		                                 
        ordinary shares1
      		                          1,386,000 1,386,000      
        prepaid for freight listing fee
      		                            357,646,000 357,646,000 383,236,000   
        total liabilities and equity
      		                            33,846,794,000 33,846,794,000    
        payable to investors of the consolidated trusts
      		                                 
        convertible redeemable preferred shares
      		                                 
        total full truck alliance co. ltd. (deficit)/equity
      		                              31,455,445,000 32,426,723,000 32,427,916,000 
        total shareholders’ (deficit)/equity
      		                              31,528,886,000 32,352,903,000 32,354,222,000 
        total liabilities, mezzanine equity and (deficit)/equity
      		                              34,398,435,000 34,794,546,000 34,485,808,000 
                                       
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD