Full Truck Alliance Co. Ltd. reported its financial results for the first quarter ending March 31, 2025. The company's total net revenues reached RMB2.7 billion (US$372.1 million), marking a 19.0% increase from RMB2.3 billion in the same period the previous year. Net income for the first quarter of 2025 was RMB1.28 billion (US$176.2 million), a significant increase of 118.1% compared to RMB586.4 million in the first quarter of 2024. The non-GAAP adjusted net income was RMB1.39 billion (US$191.7 million), up 84.0% from RMB756.4 million in the previous year. Full Truck Alliance highlighted the continued growth in its truck-shipper ecosystem, with average shipper monthly active users reaching 2.76 million, a 28.8% increase year-on-year. Revenue from the core transaction service also saw a substantial rise, increasing 51.5% to RMB1.05 billion year-over-year. The company plans to maintain its growth trajectory through AI innovations and ecosystem collaborations, aiming to deliver long-term returns for shareholders.
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