Full Truck Alliance Co. Ltd. announced robust financial results for the first quarter ended March 31, 2025, with total net revenues reaching RMB2,699.9 million, an increase of 19.0% year-over-year. Revenue from its core transaction service demonstrated strong growth, rising 51.5% year-over-year to RMB1.05 billion.
The company's profitability significantly improved, with net income totaling RMB1.28 billion, marking an increase of 118.1% year-over-year. Non-GAAP adjusted net income reached RMB1.39 billion, an 84.0% increase year-over-year, reflecting enhanced operational efficiency.
For the second quarter of 2025, Full Truck Alliance expects total net revenues to be between RMB3.06 billion and RMB3.12 billion, representing a year-over-year growth rate of approximately 10.6% to 12.9%. Average shipper MAUs reached 2.76 million, up 28.8% year-over-year, while the non-performing loan ratio remained stable at 2.2% as of March 31, 2025.
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