Full Truck Alliance Co. Ltd. reported strong financial results for the third quarter ended September 30, 2024, with total net revenues reaching RMB3.0 billion, marking a 33.9% increase year-over-year. Revenue from transaction services showed particularly strong growth, surging by 68.6% compared to the prior year.
The company's profitability also saw significant improvement, with net income increasing by 81.4% year-over-year to RMB1.1 billion. Non-GAAP adjusted net income rose by 50.2% year-over-year, reaching RMB1.2 billion, demonstrating enhanced operational efficiency.
For the fourth quarter of 2024, Full Truck Alliance expects total net revenues to be between RMB2.94 billion and RMB3.00 billion, representing a year-over-year growth rate of approximately 22.3% to 24.8%. The non-performing loan ratio for its small loans business improved to 1.8% as of September 30, 2024, down from 2.0% at the end of 2023.
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