GUIYANG, China, March 1, 2022 /PRNewswire/ -- Full Truck
Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading
digital freight platform, today announced its unaudited financial
results for the fourth quarter and fiscal year ended
December 31, 2021.
Fourth Quarter and Fiscal Year 2021 Financial
and Operational Highlights
- Total net revenues in the fourth quarter of 2021 were
RMB1,429.4million (US$224.3 million), an increase of 68.1% from
RMB850.4 million in the same period
of 2020. Total net revenues in 2021 were RMB4,657.0 million (US$730.8 million), an increase of 80.4% from
RMB2,580.8 million in 2020.
- Net loss in the fourth quarter of 2021 was RMB1,321.1 million (US$207.3 million), compared with RMB2,775.6 million in the same period of 2020.
Net loss in 2021 was RMB3,654.5
million (US$573.5 million),
compared with RMB3,470.5 million in
2020.
- Non-GAAP adjusted net income1 in the fourth
quarter of 2021 was RMB242.8 million
(US$38.1 million), compared with
RMB147.9 million in the same period
of 2020. Non-GAAP adjusted net income in 2021 was
RMB450.5 million (US$70.7 million), compared with RMB281.1 million in 2020.
- Gross Transaction Value ("GTV")2 in the
fourth quarter of 2021 reached RMB69.5
billion (US$10.9 billion), an
increase of 22.1% from RMB56.9
billion in the same period of 2020. Gross Transaction
Value ("GTV") in 2021 reached RMB262.3
billion (US$41.2 billion), an
increase of 50.9% from RMB173.8
billion in 2020.
- Fulfilled orders3 in the fourth quarter of
2021 reached 34.8 million, an increase of 41.6% from 24.6 million
in the same period of 2020. Fulfilled orders in 2021 reached
128.3 million, an increase of 78.8% from 71.7 million in 2020.
- Average shipper MAUs4 in the fourth quarter
of 2021 reached 1.57 million, an increase of 20.6% from 1.31
million in the same period of 2020. Average shipper MAUs in
2021 reached 1.48 million, an increase of 36.8% from 1.09 million
in 2020.
"We are pleased to report solid fourth quarter and full year
results as our efforts to steer matching efficiency and user
engagement to new levels have resulted in sustainable top-line
growth," said Mr. Peter Hui Zhang,
Founder, Chairman and Chief Executive Officer of FTA. "As we move
further into 2022, we will focus on strengthening our monetization
system to support our long-term, healthy development as we explore
new growth areas, and capitalize on our digital strengths to
transform FTA into a green and low-carbon logistics service
provider. We are proud to fulfill our social responsibilities by
improving efficiency, promoting energy conservation and reducing
emissions. We seek to benefit the industry and society at large as
we strive to effectively execute our roadmap to deliver value for
our users and shareholders alike."
Mr. Simon Cai, Chief Financial Officer of FTA, added "Our
robust results in the fourth quarter demonstrate the resilience of
our platform. Our total revenues reached RMB1.43 billion, 68.1% higher than the prior year
period, exceeding the top end of our revenue guidance by 9.1%. Our
profitability continued to improve steadily, thanks to the
consistent enhancement of our monetization efforts and the
streamlining of our operational efficiencies. Most notably, on a
non-GAAP basis, net income expanded further to RMB242.8 million from RMB147.9 million a year ago. We expect our user
base to remain sticky on our platform and help us continue to
deliver strong results."
1 Non-GAAP
adjusted net income/(loss) is defined as net income/(loss)
excluding (i) share-based compensation expense, (ii) compensation
expense resulting from repurchase of ordinary shares from certain
employees in excess of fair value, (iii) amortization of intangible
assets resulting from business acquisitions, (iv) compensation cost
incurred in relation to continuing service terms in business
acquisitions, (v) impairment of long-term investment, (vi) tax
effects of non-GAAP adjustments and (vii) net income from
discontinued operations, net of tax. See "Reconciliation of GAAP
and Non-GAAP Results" at the end of this press release.
2 GTV
or gross transaction value of our platform in a given period is
defined as the aggregate freight prices specified by our users for
all fulfilled orders on our platform during the period without
deducting any commission or service fee charged by us; we make
downward adjustments to unreasonably high freight prices specified
by users that are apparently due to clerical errors.
3
Fulfilled orders on our platform in a given period is defined as
all shipping orders matched through our platform during such period
but exclude (i) shipping orders that are subsequently canceled, and
(ii) shipping orders for which our users failed to specify any
freight prices as there are substantial uncertainties as to whether
the shipping orders are fulfilled.
4 Average shipper MAUs in a given
period are calculated by dividing (i) the sum of shipper MAUs for
each month of such period, by (ii) the number of months in such
period. Shipper MAUs are defined as the number of active shippers
on our platform in a given month.
|
Fourth Quarter 2021 Financial Results
Net Revenues (including value added taxes ("VAT")
of RMB493.8 million and RMB798.6 million for the
three months ended December 31, 2020
and 2021, respectively). Total net revenues in
the fourth quarter of 2021 were RMB1,429.4
million (US$224.3 million),
representing an increase of 68.1% from RMB850.4 million in the same period of 2020,
primarily attributable to an increase in revenues from freight
matching services.
Freight matching services. Revenues from freight
matching services in the fourth quarter of 2021 were RMB1,229.0 million (US$192.9 million), representing an increase of
85.7% from RMB661.8 million in the
same period of 2020. The increase was primarily due to an increase
in revenues from freight brokerage service as well as rapid growth
in transaction commissions.
- Freight brokerage service. Revenues from freight
brokerage service in the fourth quarter of 2021 were RMB760.9 million (US$119.4
million), an increase of 61.1% from RMB472.4 million in the same period of 2020,
primarily driven by significant growth in transaction volume,
partially offset by a decrease in average fee rate to attract more
shippers to our service.
- Freight listing service. Revenues from freight listing
service in the fourth quarter of 2021 were RMB200.5 million (US$31.5
million), an increase of 30.0% from RMB154.3 million in the same period of 2020,
primarily attributable to an increase in total paying members amid
increased shipper demand for our services as our business continued
to expand.
- Transaction commission. Revenues from transaction
commissions amounted to RMB267.5
million (US$42.0 million) in
the fourth quarter of 2021, an increase of 6.6 times from
RMB35.2 million in the same period of
2020, primarily driven by a rapid ramp-up of commissioned GTV
penetration.
Value-added services. Revenues from value-added
services in the fourth quarter of 2021 were RMB200.4 million (US$31.5
million), compared with RMB188.5
million in the same period of 2020, mainly attributable to
increased revenues from credit solutions and other value-added
services.
Cost of Revenues (including VAT net of refund
of VAT of RMB266.3 million
and RMB490.5 million for the three months ended
December 31, 2020 and 2021,
respectively). Cost of revenues in the fourth quarter of
2021 was RMB658.2 million
(US$103.3 million), compared with
RMB398.4 million in the same period
of 2020. The increase was primarily attributable to an increase in
VAT, related tax surcharges and other tax costs, net of tax refunds
from government authorities. These tax-related costs net of refunds
totaled RMB555.5 million,
representing an increase of 67.4% from RMB331.8 million in the same period of 2020,
primarily due to an increase in transaction activities involving
our freight brokerage service.
Sales and Marketing Expenses. Sales and marketing
expenses in the fourth quarter of 2021 were RMB239.4 million (US$37.6
million), compared with RMB161.3 million in the same period of 2020.
The increase was primarily due to an increase in salary and
benefits expenses driven by an increase in sales and marketing
headcount as well as an increase in advertising and marketing
expenses related to the promotion of new initiatives, partially
offset by a decrease in share-based compensation expenses.
General and Administrative
Expenses. General and administrative
expenses in the fourth quarter of 2021 were RMB1,636.2 million (US$256.7 million), compared with RMB2,977.7 million in the same period of
2020. The decrease was primarily due to lower share-based
compensation expenses.
Research and Development Expenses. Research and
development expenses in the fourth quarter of
2021 were RMB233.6
million (US$36.7 million),
compared with RMB119.0 million
in the same period of 2020. The increase was primarily due to an
increase in salary and benefits expenses driven by the higher
headcount in research and development personnel.
Loss from Operations. Loss from operations
in the fourth quarter of 2021 was RMB1,351.9
million (US$212.1 million),
compared with RMB2,805.2 million in
the same period of 2020.
Non-GAAP Adjusted Operating
Income5. Non-GAAP adjusted operating
income in the fourth quarter of 2021 was RMB159.1 million (US$25.0 million), compared with RMB121.0 million in the same period of 2020.
Net Loss. Net loss in the fourth
quarter of 2021 was RMB1,321.1
million (US$207.3 million),
compared with RMB2,775.6 million in
the same period of 2020.
Non-GAAP Adjusted Net Income. Non-GAAP
adjusted net income in the fourth quarter of 2021 was RMB242.8 million (US$38.1 million), compared with RMB147.9 million in the same period of
2020.
Basic and Diluted Net Loss per ADS6 and
Non-GAAP Adjusted Basic and Diluted Net Income per
ADS7. Basic and diluted net loss per ADS were
RMB1.23 (US$0.19) in the fourth quarter of 2021, compared
with RMB16.97 in the same period of
2020. Non-GAAP adjusted basic and diluted net income per ADS were
RMB0.23 (US$0.04) in the fourth quarter of 2021, compared
with non-GAAP adjusted basic net income per ADS of RMB0.16 and non-GAAP adjusted diluted net income
per ADS of RMB0.03 in the same period
of 2020.
Balance Sheet and Cash Flow
As of December 31, 2021, the
Company had cash and cash equivalents, restricted cash, and
short-term investments of RMB26.0
billion (US$4.1 billion) in
total, compared with RMB18.9 billion
as of December 31, 2020.
In the fourth quarter of 2021, net cash
provided from operating activities was RMB433.9 million (US$68.1
million).
5 Non-GAAP
adjusted operating income/(loss) is defined as income/(loss) from
operations excluding (i) share-based compensation expense, (ii)
compensation expense resulting from repurchase of ordinary shares
from certain employees in excess of fair value and (iii)
amortization of intangible assets resulting from business
acquisitions and (iv) compensation cost incurred in relation to
continuing service terms in business acquisitions. See
"Reconciliation of GAAP and Non-GAAP Results" at the end of this
press release.
6 ADS
refers to the American depositary shares, each of which represents
20 Class A ordinary shares.
7 Non-GAAP
adjusted basic and diluted income/(loss) per ADS is net
income/(loss) attributable to ordinary shareholders excluding (i)
share-based compensation expense, (ii) compensation expense
resulting from repurchase of ordinary shares from certain employees
in excess of fair value, (iii) amortization of intangible assets
resulting from business acquisitions, (iv) compensation cost
incurred in relation to continuing service terms in business
acquisitions, (v) impairment of long-term investment, (vi) tax
effects of non-GAAP adjustments and (vii) net income from
discontinued operations, net of tax. divided by weighted average
number of basic and diluted ADS, respectively. For more
information, refer to "Use of Non-GAAP Financial Measures" and
"Reconciliation of GAAP and Non-GAAP Results" at the end of this
press release.
|
Fiscal Year 2021 Financial
Results
Net Revenues (including value added taxes ("VAT")
of RMB1,434.0 million and RMB2,620.4 million for the
years ended December 31, 2020 and
2021, respectively). Total net revenues in 2021
were RMB4,657.0 million (US$730.8 million), representing an increase of
80.4% from RMB2,580.8 million in
2020, primarily attributable to an increase in revenues from
freight matching services.
Freight matching services. Revenues from freight
matching services in 2021 were RMB3,946.9
million (US$619.4 million),
representing an increase of 102.7% from RMB1,947.0 million in 2020. The increase was
primarily due to an increase in revenues from freight brokerage
service as well as rapid growth in transaction commissions.
- Freight brokerage service. Revenues from freight
brokerage service in 2021 were RMB2,497.8
million (US$392.0 million), an
increase of 83.0% from RMB1,365.2
million in 2020, primarily driven by significant growth in
transaction volume, partially offset by a decrease in average fee
rate to attract more shippers to our service.
- Freight listing service. Revenues from freight listing
service in 2021 were RMB753.0 million
(US$118.2 million), an increase of
39.8% from RMB538.7 million in 2020,
primarily attributable to an increase in total paying members amid
increased shipper demand for our services as our business continued
to expand.
- Transaction commission. Revenues from transaction
commissions amounted to RMB696.1
million (US$109.2 million) in
2021, compared with RMB43.1 million
in 2020, primarily driven by a rapid ramp-up of commissioned GTV
penetration.
Value-added services. Revenues from value-added
services in 2021 were RMB710.1
million (US$111.4 million),
compared with RMB633.8 million in
2020, mainly attributable to increased revenues from credit
solutions and other value-added services.
Cost of Revenues (including VAT net of refund
of VAT of RMB893.9 million
and RMB1,950.9 million for the years ended December 31, 2020 and 2021,
respectively). Cost of revenues in 2021 was
RMB2,540.0 million (US$398.6 million), compared with RMB1,316.0 million in 2020. The increase was
primarily attributable to an increase in VAT, related tax
surcharges and other tax costs, net of tax refunds from government
authorities. These tax-related costs net of refunds totaled
RMB2,257.7 million, representing an
increase of 105.3% from RMB1,099.7
million in 2020, primarily due to an increase in transaction
activities involving our freight brokerage service.
Sales and Marketing Expenses. Sales
and marketing expenses in 2021 were RMB837.3 million (US$131.4
million), compared with RMB454.3 million in 2020. The increase was
primarily due to an increase in salary and benefits expenses driven
by an increase in sales and marketing headcount as well as an
increase in advertising and marketing expenses related to the
promotion of new initiatives.
General and Administrative
Expenses. General and administrative
expenses in 2021 were RMB4,271.2
million (US$670.2 million),
compared with RMB3,938.6 million
in 2020. The increase was primarily due to an increase in
share-based compensation expenses.
Research and Development Expenses. Research and
development expenses in 2021 were RMB729.7 million (US$114.5
million), compared with RMB413.4 million in 2020. The increase was
primarily due to an increase in salary and benefits expenses driven
by the higher headcount in research and development personnel, as
well as an increase in investment in technology infrastructure.
Loss from Operations. Loss from operations
in 2021 was RMB3,795.9 million
(US$595.7 million), compared with
RMB3,614.6 million in 2020.
Non-GAAP Adjusted Operating Income.
Non-GAAP adjusted operating income in 2021 was RMB208.8 million (US$32.8 million), compared with RMB148.0 million in 2020.
Net Loss. Net loss in 2021 was
RMB3,654.5 million (US$573.5 million), compared with RMB3,470.5 million in 2020.
Non-GAAP Adjusted Net Income. Non-GAAP
adjusted net income in 2021 was RMB450.5 million (US$70.7 million), compared with RMB281.1 million in 2020.
Basic and Diluted Net Loss per ADS and Non-GAAP Adjusted
Basic and Diluted Net Income/(Loss) per ADS. Basic and
diluted net loss per ADS were RMB6.21
(US$0.97) in 2021, compared with
RMB20.97 in 2020. Non-GAAP adjusted
basic and diluted net loss per ADS were RMB0.10 (US$0.02)
in 2021, compared with non-GAAP adjusted basic net income per ADS
of RMB0.94 and non-GAAP adjusted
diluted net income per ADS of RMB0.20
in 2020.
Business Outlook
The Company expects its total net revenues to be between
RMB1.04 billion and RMB1.09 billion in the first quarter of 2022,
representing a year-over-year growth rate of approximately 19.8% to 25.3%. These forecasts
reflect the Company's current and preliminary views on the market,
operational conditions and the impact of the pending cybersecurity
review, recurring COVID-19 related disruptions, extreme weather
conditions and production constraints brought about by electricity
rationing measures in parts of China, which are subject to change and cannot
be predicted with reasonable accuracy as of the date
hereof.
Exchange Rate Information
This announcement contains translations of certain RMB amounts
into U.S. dollars ("US$") at specified rates solely for the
convenience of the reader. Unless otherwise stated, all
translations from RMB to US$ were made at a rate of RMB6.3726 to US$1.00, the exchange rate in effect as of
December 30, 2021 as set forth in the
H.10 statistical release of The Board of Governors of the Federal
Reserve System. The Company makes no representation that any RMB or
US$ amounts could have been, or could be, converted into US$ or
RMB, as the case may be, at any particular rate, or at all.
Conference Call
The Company's management will hold an earnings conference call
at 7:00 A.M. U.S. Eastern Time on
March 1, 2022 or 8:00 P.M. Beijing Time to discuss its financial
results and operating performance for the fourth quarter and fiscal
year 2021.
Dial-in details for the earnings conference call are as
follows:
United States (toll
free):
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+1-888-317-6003
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International:
|
+1-412-317-6061
|
Mainland China (toll
free):
|
400-120-6115
|
Hong Kong (toll
free):
|
800-963-976
|
Hong Kong:
|
+852-5808-1995
|
United
Kingdom:
|
08082389063
|
Singapore:
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800-120-5863
|
Access
Code:
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8967550
|
The replay will be accessible through March 8, 2022 by
dialing the following numbers:
United States:
|
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+1-877-344-7529
|
International:
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+1-412-317-0088
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Replay Access
Code:
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1933830
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A live and archived webcast of the conference call will also be
available on the Company's investor relations website at
ir.fulltruckalliance.com.
About Full Truck Alliance Co. Ltd.
Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital
freight platform, connecting shippers with truckers to facilitate
shipments across distance ranges, cargo weights and types. The
Company provides a range of freight matching services including
freight listing service, freight brokerage service and online
transaction service. The Company also provides a range of
value-added services that cater to the various needs of shippers
and truckers, such as financial institutions, highway authorities,
and gas stations operators. With a mission to make logistics
smarter, the Company is shaping the future of logistics with
technology and aspires to revolutionize logistics, improve
efficiency across the value chain and reduce its carbon footprint
for our planet. For more information, please visit
ir.fulltruckalliance.com.
Use of Non-GAAP Financial Measures
The Company uses non-GAAP adjusted operating
income/(loss), non-GAAP adjusted net income/(loss),
non-GAAP adjusted net income/(loss) attributable to ordinary
shareholders, non-GAAP adjusted basic and diluted net income/(loss)
per ordinary shareholder and non-GAAP adjusted basic and diluted
net income/(loss) per ADS, each a non-GAAP financial
measure, as supplemental measures to review and assess its
operating performance.
The presentation of non-GAAP financial measures is not intended
to be considered in isolation or as a substitute for the financial
information prepared and presented in accordance with U.S. GAAP.
The Company defines non-GAAP adjusted operating
income/(loss) as income/(loss) from operations excluding (i)
share-based compensation expense, (ii) compensation expense
resulting from repurchase of ordinary shares from certain employees
in excess of fair value, (iii) amortization of intangible assets
resulting from business acquisitions and (iv) compensation cost
incurred in relation to continuing service terms in business
acquisitions. The Company defines non-GAAP adjusted net
income/(loss) as net income/(loss) excluding (i) share-based
compensation expense, (ii) compensation expense resulting from
repurchase of ordinary shares from certain employees in excess of
fair value, (iii) amortization of intangible assets resulting from
business acquisitions, (iv) compensation cost incurred in relation
to continuing service terms in business acquisitions, (v)
impairment of long-term investment, (vi) tax effects of non-GAAP
adjustments and (vii) net income from discontinued operations, net
of tax. The Company defines non-GAAP adjusted net income/(loss)
attributable to ordinary shareholders as net income/(loss)
attributable to ordinary shareholders excluding (i) share-based
compensation expense, (ii) compensation expense resulting from
repurchase of ordinary shares from certain employees in excess of
fair value, (iii) amortization of intangible assets resulting from
business acquisitions, (iv) compensation cost incurred in relation
to continuing service terms in business acquisitions, (v)
impairment of long-term investment, (vi) tax effects of non-GAAP
adjustments and (vii) net income from discontinued operations, net
of tax. The Company defines non-GAAP adjusted basic and diluted
net income/(loss) per share as non-GAAP net income/(loss)
attributable to ordinary shareholders divided by weighted average
number of basic and diluted ordinary shares, respectively. The
Company defines non-GAAP adjusted basic and diluted net
income/(loss) per ADS as non-GAAP net income/(loss)
attributable to ordinary shareholders divided by the weighted
average number of basic and diluted ADS, respectively.
The non-GAAP financial measures are not defined under
U.S. GAAP and are not presented in accordance with U.S. GAAP.
The non-GAAP financial measures have limitations as an
analytical tool. The non-GAAP financial measures do not
reflect all items of expense that affect its operations.
Share-based compensation expense, compensation expense resulting
from repurchase of ordinary shares from certain employees in excess
of fair value, amortization of intangible assets resulting from
business acquisitions, compensation cost incurred in relation to
continuing service terms in business acquisitions, impairment of
long-term investment and tax effects of non-GAAP adjustments have
been and may continue to be incurred in its business and are not
reflected in the presentation of its non-GAAP financial
measures.
The Company reconciles the non-GAAP financial measures to the
nearest U.S. GAAP performance measures. Non-GAAP adjusted operating
income/(loss), non-GAAP adjusted net income/(loss), non-GAAP
adjusted net income/(loss) attributable to ordinary
shareholders and non-GAAP adjusted basic and diluted net
income/(loss) per share should not be considered in isolation
or construed as an alternative to operating income/(loss), net
income/(loss), net income/(loss) attributable to ordinary
shareholders and basic and diluted net income/(loss) per share
or any other measure of performance or as an indicator of its
operating performance. Investors are encouraged to review FTA's
non-GAAP financial measures to the most directly comparable GAAP
measures. FTA's non-GAAP financial measure may not be comparable to
similarly titled measures presented by other companies.
For more information on these non-GAAP financial measures,
please see the table captioned "Reconciliations of Non-GAAP
Results" set forth at the end of this release.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements which are made pursuant to the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as "may," "will," "expect," "anticipate," "aim,"
"estimate," "intend," "plan," "believe," "potential," "continue,"
"is/are likely to," and similar statements. Statements that are not
historical facts, including statements about the Company's beliefs,
plans, and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: FTA's goal
and strategies; FTA's expansion plans; FTA's future business
development, financial condition and results of operations;
expected changes in FTA's revenues, costs or expenses; industry
landscape of, and trends in, China's road transportation market;
competition in FTA's industry; FTA's expectations regarding demand
for, and market acceptance of, its services; FTA's expectations
regarding its relationships with shippers, truckers and other
ecosystem participants; FTA's ability to protect is systems and
infrastructures from cyber-attacks; PRC laws, regulations, and
policies relating to the road transportation market, as well as
general regulatory environment in which FTA operates in
China; the results of regulatory
review and the duration and impact of any regulatory action taken
against FTA; the impact of COVID-19 pandemic, extreme weather
conditions and production constraints brought by electricity
rationing measures; general economic and business condition; and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in the
Company's filings with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: FTA@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com
FULL TRUCK
ALLIANCE CO. LTD.
|
|
UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in
thousands, except share, ADS, per share and per ADS
data)
|
|
|
|
|
As
of
|
|
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
2020
|
|
2021
|
|
2021
|
|
RMB
|
|
RMB
|
|
US$
|
ASSETS
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
Cash and cash
equivalents
|
10,060,391
|
|
4,284,291
|
|
672,299
|
Restricted cash –
current
|
86,277
|
|
65,822
|
|
10,329
|
Short-term
investments
|
8,731,195
|
|
21,634,642
|
|
3,394,947
|
Accounts receivable,
net
|
34,729
|
|
29,139
|
|
4,573
|
Amounts due from
related parties
|
—
|
|
7,075
|
|
1,110
|
Loans receivable,
net
|
1,313,957
|
|
1,777,667
|
|
278,955
|
Prepayments and other
current assets
|
456,802
|
|
1,099,607
|
|
172,550
|
Total current
assets
|
20,683,351
|
|
28,898,243
|
|
4,534,763
|
Restricted cash –
non-current
|
13,500
|
|
13,500
|
|
2,118
|
Property and
equipment, net
|
38,984
|
|
102,158
|
|
16,031
|
Investments in equity
investees
|
875,205
|
|
1,678,351
|
|
263,370
|
Intangible assets,
net
|
491,279
|
|
557,016
|
|
87,408
|
Goodwill
|
2,865,071
|
|
3,124,828
|
|
490,354
|
Deferred tax
assets
|
18,966
|
|
20,492
|
|
3,216
|
Other non-current
assets
|
147,000
|
|
3,847
|
|
604
|
Total non-current
assets
|
4,450,005
|
|
5,500,192
|
|
863,101
|
TOTAL
ASSETS
|
25,133,356
|
|
34,398,435
|
|
5,397,864
|
LIABILITIES,
MEZZANINE EQUITY AND SHAREHOLDERS' (DEFICIT)/EQUITY
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
Short-term
borrowings
|
—
|
|
9,000
|
|
1,412
|
Accounts
payable
|
23,839
|
|
29,381
|
|
4,611
|
Amount due to related
parties
|
172,779
|
|
179,859
|
|
28,224
|
Payable to investors
of the consolidated trusts
|
31,400
|
|
—
|
|
—
|
Prepaid for freight
listing fee
|
319,924
|
|
383,236
|
|
60,138
|
Income tax
payable
|
25,924
|
|
31,538
|
|
4,949
|
Other tax
payable
|
446,839
|
|
894,592
|
|
140,381
|
Accrued expenses and
other current liabilities
|
941,642
|
|
1,206,179
|
|
189,276
|
Total current
liabilities
|
1,962,347
|
|
2,733,785
|
|
428,991
|
Deferred tax
liabilities
|
118,783
|
|
135,764
|
|
21,304
|
Total non-current
liabilities
|
118,783
|
|
135,764
|
|
21,304
|
TOTAL
LIABILITIES
|
2,081,130
|
|
2,869,549
|
|
450,295
|
|
|
MEZZANINE
EQUITY
|
|
|
|
|
|
Convertible
redeemable preferred shares
|
32,846,087
|
|
—
|
|
—
|
Subscription
receivables
|
(1,310,140)
|
|
—
|
|
—
|
SHAREHOLDERS'
(DEFICIT)/EQUITY
|
|
|
|
|
|
Ordinary
shares
|
296
|
|
1,416
|
|
222
|
Additional paid-in
capital
|
3,809,060
|
|
49,245,773
|
|
7,727,736
|
Accumulated other
comprehensive income
|
1,072,307
|
|
538,650
|
|
84,526
|
Subscription
receivables
|
—
|
|
(1,310,140)
|
|
(205,590)
|
Accumulated
deficit
|
(13,365,806)
|
|
(17,020,254)
|
|
(2,670,849)
|
TOTAL FULL TRUCK
ALLIANCE CO. LTD. (DEFICIT)/EQUITY
|
(8,484,143)
|
|
31,455,445
|
|
4,936,045
|
Non-controlling
interests
|
422
|
|
73,441
|
|
11,524
|
TOTAL
SHAREHOLDERS' (DEFICIT)/EQUITY
|
(8,483,721)
|
|
31,528,886
|
|
4,947,569
|
TOTAL LIABILITIES,
MEZZANINE EQUITY AND (DEFICIT)/EQUITY
|
25,133,356
|
|
34,398,435
|
|
5,397,864
|
FULL TRUCK
ALLIANCE CO. LTD.
|
|
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF LOSS
(All amounts in
thousands, except share, ADS, per share and per ADS
data)
|
|
|
Three months
ended
|
|
Year
ended
|
|
December
31,
|
|
September
30,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
2020
|
|
2021
|
|
2021
|
|
2021
|
|
2020
|
|
2021
|
|
2021
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Net Revenues
(including value added taxes,
|
|
|
|
|
|
|
|
|
|
|
|
|
|
"VAT", of
RMB493.8 million and
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RMB798.6
million for the three months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ended December
31, 2020 and 2021,
RMB1,434.0million and RMB2,620.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
million for
the year ended December 31,
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020 and 2021,
respectively)
|
850,354
|
|
1,241,667
|
|
1,429,377
|
|
224,300
|
|
2,580,820
|
|
4,657,019
|
|
730,788
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
(including VAT net of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
refund of VAT of
RMB266.3 million
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and RMB490.5 million
for the three
|
|
|
|
|
|
|
|
|
|
|
|
|
|
months ended December
31, 2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and 2021, RMB893.9
million and
RMB1,950.9 million for the year
ended December 31, 2020 and
2021, respectively)(1)
|
(398,370)
|
|
(842,085)
|
|
(658,161)
|
|
(103,280)
|
|
(1,316,017)
|
|
(2,539,998)
|
|
(398,581)
|
Sales and marketing
expenses(1)
|
(161,255)
|
|
(190,617)
|
|
(239,449)
|
|
(37,575)
|
|
(454,343)
|
|
(837,301)
|
|
(131,391)
|
General and
administrative expenses(1)
|
(2,977,669)
|
|
(190,000)
|
|
(1,636,157)
|
|
(256,749)
|
|
(3,938,565)
|
|
(4,271,152)
|
|
(670,237)
|
Research and
development expenses(1)
|
(118,977)
|
|
(202,892)
|
|
(233,648)
|
|
(36,664)
|
|
(413,369)
|
|
(729,668)
|
|
(114,501)
|
Provision for loans
receivable
|
(9,838)
|
|
(21,012)
|
|
(24,485)
|
|
(3,842)
|
|
(94,160)
|
|
(97,658)
|
|
(15,325)
|
Total operating
expenses
|
(3,666,109)
|
|
(1,446,606)
|
|
(2,791,900)
|
|
(438,110)
|
|
(6,216,454)
|
|
(8,475,777)
|
|
(1,330,035)
|
Other operating
income
|
10,557
|
|
3,213
|
|
10,586
|
|
1,661
|
|
21,031
|
|
22,815
|
|
3,580
|
Loss from
operations
|
(2,805,198)
|
|
(201,726)
|
|
(1,351,937)
|
|
(212,149)
|
|
(3,614,603)
|
|
(3,795,943)
|
|
(595,667)
|
Other income
(expense)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
income
|
41,403
|
|
70,959
|
|
69,118
|
|
10,846
|
|
209,832
|
|
234,651
|
|
36,822
|
Interest
expenses
|
4,407
|
|
—
|
|
(40)
|
|
(6)
|
|
(8,367)
|
|
(40)
|
|
(6)
|
Foreign exchange
(loss) gain
|
(12,760)
|
|
22
|
|
(3,911)
|
|
(614)
|
|
(21,276)
|
|
(15,468)
|
|
(2,428)
|
Investment
income
|
3,321
|
|
2,886
|
|
1,337
|
|
210
|
|
3,321
|
|
28,317
|
|
4,444
|
Unrealized gains
(loss) from fair value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
changes of trading
securities and
|
|
|
|
|
|
|
|
|
|
|
|
|
|
derivative
assets
|
14,733
|
|
(7,512)
|
|
38,960
|
|
6,114
|
|
18,140
|
|
23,967
|
|
3,761
|
Other (expenses)
income, net
|
(3,993)
|
|
21,036
|
|
(8,553)
|
|
(1,342)
|
|
(5,559)
|
|
7,067
|
|
1,109
|
Impairment
loss
|
—
|
|
(55,811)
|
|
(55,756)
|
|
(8,749)
|
|
(22,030)
|
|
(111,567)
|
|
(17,507)
|
Share of gain (loss)
in equity method investees
|
1,103
|
|
(1,994)
|
|
(6,070)
|
|
(953)
|
|
(11,054)
|
|
(11,321)
|
|
(1,777)
|
Total other
income
|
48,214
|
|
29,586
|
|
35,085
|
|
5,506
|
|
163,007
|
|
155,606
|
|
24,418
|
Net loss before
income tax
|
(2,756,984)
|
|
(172,140)
|
|
(1,316,852)
|
|
(206,643)
|
|
(3,451,596)
|
|
(3,640,337)
|
|
(571,249)
|
Income tax
expense
|
(18,629)
|
|
(6,157)
|
|
(4,208)
|
|
(660)
|
|
(19,336)
|
|
(14,191)
|
|
(2,227)
|
Net loss from
continuing operations
|
(2,775,613)
|
|
(178,297)
|
|
(1,321,060)
|
|
(207,303)
|
|
(3,470,932)
|
|
(3,654,528)
|
|
(573,476)
|
Net income from
discontinued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
operations, net of
tax
|
—
|
|
—
|
|
—
|
|
—
|
|
452
|
|
—
|
|
—
|
Net
loss
|
(2,775,613)
|
|
(178,297)
|
|
(1,321,060)
|
|
(207,303)
|
|
(3,470,480)
|
|
(3,654,528)
|
|
(573,476)
|
Less: net loss
attributable to
|
|
|
|
|
|
|
|
|
|
|
|
|
|
non-controlling
interests
|
(2)
|
|
125
|
|
23
|
|
4
|
|
(8)
|
|
(80)
|
|
(13)
|
Net loss
attributable to Full Truck Alliance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Co.
Ltd.
|
(2,775,611)
|
|
(178,422)
|
|
(1,321,083)
|
|
(207,307)
|
|
(3,470,472)
|
|
(3,654,448)
|
|
(573,463)
|
Deemed
dividend
|
(120,086)
|
|
—
|
|
—
|
|
—
|
|
(120,086)
|
|
(518,432)
|
|
(81,353)
|
Net loss
attributable to ordinary
|
|
|
|
|
|
|
|
|
|
|
|
|
|
shareholders
|
(2,895,697)
|
|
(178,422)
|
|
(1,321,083)
|
|
(207,307)
|
|
(3,590,558)
|
|
(4,172,880)
|
|
(654,816)
|
FULL TRUCK
ALLIANCE CO. LTD.
|
|
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF LOSS
(CONTINUED)
(All amounts in
thousands, except share, ADS, per share and per ADS
data)
|
|
|
Three months
ended
|
|
Year
ended
|
|
December
31,
|
|
September
30,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
2020
|
|
2021
|
|
2021
|
|
2021
|
|
2020
|
|
2021
|
|
2021
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Net loss per
ordinary share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing
operations
|
(0.85)
|
|
(0.01)
|
|
(0.06)
|
|
(0.01)
|
|
(1.05)
|
|
(0.31)
|
|
(0.05)
|
Discontinued
operations
|
—
|
|
—
|
|
—
|
|
—
|
|
0.00
|
|
—
|
|
—
|
—Basic and
diluted
|
(0.85)
|
|
(0.01)
|
|
(0.06)
|
|
(0.01)
|
|
(1.05)
|
|
(0.31)
|
|
(0.05)
|
Net loss per
ADS*
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing
operations
|
(16.97)
|
|
(0.17)
|
|
(1.23)
|
|
(0.19)
|
|
(20.98)
|
|
(6.21)
|
|
(0.97)
|
Discontinued
operations
|
—
|
|
—
|
|
—
|
|
—
|
|
0.00
|
|
—
|
|
—
|
—Basic and
diluted
|
(16.97)
|
|
(0.17)
|
|
(1.23)
|
|
(0.19)
|
|
(20.97)
|
|
(6.21)
|
|
(0.97)
|
Weighted average
number
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of ordinary shares
used
|
|
|
|
|
|
|
|
|
|
|
|
|
|
in computing net
loss
|
|
|
|
|
|
|
|
|
|
|
|
|
|
per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic and
diluted
|
3,412,976,162
|
|
21,478,107,014
|
|
21,559,503,192
|
|
21,559,503,192
|
|
3,423,687,654
|
|
13,445,972,280
|
|
13,445,972,280
|
Weighted average
number
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of ADS used
in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
computing net loss
per
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic and
diluted
|
170,648,808
|
|
1,073,905,351
|
|
1,077,975,160
|
|
1,077,975,160
|
|
171,184,383
|
|
672,298,614
|
|
672,298,614
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Each ADS
represents 20 ordinary shares.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
Share-based compensation expenses in operating expenses are as
follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months
ended
|
|
Year
ended
|
|
December
31,
|
|
September
30,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
2020
|
|
2021
|
|
2021
|
|
2021
|
|
2020
|
|
2021
|
|
2021
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Cost of
revenues
|
218
|
|
1,383
|
|
1,428
|
|
224
|
|
7,842
|
|
3,740
|
|
587
|
Sales and
marketing expenses
|
39,142
|
|
9,016
|
|
9,081
|
|
1,425
|
|
94,640
|
|
56,975
|
|
8,941
|
General and
administrative expenses
|
2,752,842
|
|
58,660
|
|
1,457,027
|
|
228,639
|
|
3,341,145
|
|
3,728,421
|
|
585,071
|
Research and
development expenses
|
7,989
|
|
14,641
|
|
13,977
|
|
2,193
|
|
42,680
|
|
48,777
|
|
7,654
|
Total
|
2,800,191
|
|
83,700
|
|
1,481,513
|
|
232,481
|
|
3,486,307
|
|
3,837,913
|
|
602,253
|
|
FULL TRUCK
ALLIANCE CO. LTD.
|
|
RECONCILIATIONS OF
GAAP AND NON-GAAP RESULTS
(All amounts in
thousands, except share, ADS, per share and per ADS
data)
|
|
|
Three months
ended
|
|
Year
ended
|
|
December
31,
|
|
September
30,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
2020
|
|
2021
|
|
2021
|
|
2021
|
|
2020
|
|
2021
|
|
2021
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Loss from
operations
|
(2,805,198)
|
|
(201,726)
|
|
(1,351,937)
|
|
(212,149)
|
|
(3,614,603)
|
|
(3,795,943)
|
|
(595,667)
|
Add:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based
|
|
|
|
|
|
|
|
|
|
|
|
|
|
compensation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
expense
|
2,800,191
|
|
83,700
|
|
1,481,513
|
|
232,481
|
|
3,486,307
|
|
3,837,913
|
|
602,253
|
Compensation
cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
resulting
from
|
|
|
|
|
|
|
|
|
|
|
|
|
|
repurchase
of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ordinary shares
in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
excess of fair
value
|
115,068
|
|
—
|
|
—
|
|
—
|
|
234,113
|
|
78,478
|
|
12,315
|
Amortization
of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
intangible
assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
resulting
from
|
|
|
|
|
|
|
|
|
|
|
|
|
|
business
acquisitions
|
10,984
|
|
11,492
|
|
11,746
|
|
1,843
|
|
42,200
|
|
45,204
|
|
7,093
|
Compensation
cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
incurred in
relation
to acquisitions
|
—
|
|
25,419
|
|
17,734
|
|
2,783
|
|
—
|
|
43,153
|
|
6,772
|
Non-GAAP
adjusted
|
|
|
|
|
|
|
|
|
|
|
|
|
|
operating
income (loss)
|
121,045
|
|
(81,115)
|
|
159,056
|
|
24,958
|
|
148,017
|
|
208,805
|
|
32,766
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
(2,775,613)
|
|
(178,297)
|
|
(1,321,060)
|
|
(207,303)
|
|
(3,470,480)
|
|
(3,654,528)
|
|
(573,476)
|
Add:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based
|
|
|
|
|
|
|
|
|
|
|
|
|
|
compensation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
expense
|
2,800,191
|
|
83,700
|
|
1,481,513
|
|
232,481
|
|
3,486,307
|
|
3,837,913
|
|
602,253
|
Compensation
cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
resulting
from
|
|
|
|
|
|
|
|
|
|
|
|
|
|
repurchase
of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ordinary shares
in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
excess of fair
value
|
115,068
|
|
—
|
|
—
|
|
—
|
|
234,113
|
|
78,478
|
|
12,315
|
Amortization
of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
intangible
assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
resulting
from
|
|
|
|
|
|
|
|
|
|
|
|
|
|
business
acquisitions
|
10,984
|
|
11,492
|
|
11,746
|
|
1,843
|
|
42,200
|
|
45,204
|
|
7,093
|
Compensation
cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
incurred in
relation
to acquisitions
|
—
|
|
25,419
|
|
17,734
|
|
2,783
|
|
—
|
|
43,153
|
|
6,772
|
Impairment
of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
long-term
|
|
|
|
|
|
|
|
|
|
|
|
|
|
investment
|
—
|
|
55,811
|
|
55,756
|
|
8,749
|
|
—
|
|
111,567
|
|
17,507
|
Tax effects
of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
non-GAAP
|
|
|
|
|
|
|
|
|
|
|
|
|
|
adjustments
|
(2,746)
|
|
(2,873)
|
|
(2,936)
|
|
(461)
|
|
(10,550)
|
|
(11,301)
|
|
(1,773)
|
Less:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
from
|
|
|
|
|
|
|
|
|
|
|
|
|
|
discontinued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
operations, net of
tax
|
—
|
|
—
|
|
—
|
|
—
|
|
452
|
|
—
|
|
—
|
Non-GAAP adjusted
net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
income
(loss)
|
147,884
|
|
(4,748)
|
|
242,753
|
|
38,092
|
|
281,138
|
|
450,486
|
|
70,691
|
FULL TRUCK
ALLIANCE CO. LTD.
|
|
RECONCILIATIONS OF
GAAP AND NON-GAAP RESULTS (CONTINUED)
(All amounts in
thousands, except share, ADS, per share and per ADS
data)
|
|
|
Three months
ended
|
|
Year
ended
|
|
December
31,
|
|
September
30,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
2020
|
|
2021
|
|
2021
|
|
2021
|
|
2020
|
|
2021
|
|
2021
|
|
RMB
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
Net loss
attributable to
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ordinary
shareholders
|
(2,895,697)
|
|
(178,422)
|
|
(1,321,083)
|
|
(207,307)
|
|
(3,590,558)
|
|
(4,172,880)
|
|
(654,816)
|
Add:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based
|
|
|
|
|
|
|
|
|
|
|
|
|
|
compensation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
expense
|
2,800,191
|
|
83,700
|
|
1,481,513
|
|
232,481
|
|
3,486,307
|
|
3,837,913
|
|
602,253
|
Compensation
cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
resulting
from
|
|
|
|
|
|
|
|
|
|
|
|
|
|
repurchase
of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ordinary shares
in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
excess of fair
value
|
115,068
|
|
—
|
|
—
|
|
—
|
|
234,113
|
|
78,478
|
|
12,315
|
Amortization
of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
intangible
assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
resulting
from
|
|
|
|
|
|
|
|
|
|
|
|
|
|
business
acquisitions
|
10,984
|
|
11,492
|
|
11,746
|
|
1,843
|
|
42,200
|
|
45,204
|
|
7,093
|
Compensation
cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
incurred in
relation
to acquisitions
|
—
|
|
25,419
|
|
17,734
|
|
2,783
|
|
—
|
|
43,153
|
|
6,772
|
Impairment
of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
long-term
|
|
|
|
|
|
|
|
|
|
|
|
|
|
investment
|
—
|
|
55,811
|
|
55,756
|
|
8,749
|
|
—
|
|
111,567
|
|
17,507
|
Tax effects
of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
non-GAAP
|
|
|
|
|
|
|
|
|
|
|
|
|
|
adjustments
|
(2,746)
|
|
(2,873)
|
|
(2,936)
|
|
(461)
|
|
(10,550)
|
|
(11,301)
|
|
(1,773)
|
Less:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
from
|
|
|
|
|
|
|
|
|
|
|
|
|
|
discontinued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
operations, net of
tax
|
—
|
|
—
|
|
—
|
|
—
|
|
452
|
|
—
|
|
—
|
Non-GAAP adjusted
net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
income
(loss)
attributable to
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ordinary
shareholders
|
27,800
|
|
(4,873)
|
|
242,730
|
|
38,088
|
|
161,060
|
|
(67,866)
|
|
(10,649)
|
Non-GAAP adjusted
net
|
|
income(loss) per
ordinary share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic
|
0.01
|
|
(0.00)
|
|
0.01
|
|
0.00
|
|
0.05
|
|
(0.01)
|
|
(0.00)
|
—Diluted
|
0.00
|
|
(0.00)
|
|
0.01
|
|
0.00
|
|
0.01
|
|
(0.01)
|
|
(0.00)
|
Non-GAAP adjusted
net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
income(loss) per ADS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic
|
0.16
|
|
(0.00)
|
|
0.23
|
|
0.04
|
|
0.94
|
|
(0.10)
|
|
(0.02)
|
—Diluted
|
0.03
|
|
(0.00)
|
|
0.23
|
|
0.04
|
|
0.20
|
|
(0.10)
|
|
(0.02)
|
Weighted average
number
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of
ordinary shares used
|
|
|
|
|
|
|
|
|
|
|
|
|
|
in
computing
|
|
|
|
|
|
|
|
|
|
|
|
|
|
non-GAAP adjusted loss
|
|
|
|
|
|
|
|
|
|
|
|
|
|
per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic
|
3,412,976,162
|
|
21,478,107,014
|
|
21,559,503,192
|
|
21,559,503,192
|
|
3,423,687,654
|
|
13,445,972,280
|
|
13,445,972,280
|
—Diluted(1)
|
16,885,364,955
|
|
21,478,107,014
|
|
21,559,503,192
|
|
21,559,503,192
|
|
15,901,399,922
|
|
13,445,972,280
|
|
13,445,972,280
|
Weighted average
number
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of
ADS used in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
computing non-GAAP
|
|
|
|
|
|
|
|
|
|
|
|
|
|
adjusted net loss per
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic
|
170,648,808
|
|
1,073,905,351
|
|
1,077,975,160
|
|
1,077,975,160
|
|
171,184,383
|
|
672,298,614
|
|
672,298,614
|
—Diluted
|
844,268,248
|
|
1,073,905,351
|
|
1,077,975,160
|
|
1,077,975,160
|
|
795,069,996
|
|
672,298,614
|
|
672,298,614
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Weighted average number of ordinary shares used in computing
diluted non-GAAP adjusted loss per share are adjusted by
the potentially dilutive effects of unvested restricted shares,
convertible redeemable preferred shares and ordinary shares
issuable upon the exercise of outstanding share options.
|
View original
content:https://www.prnewswire.com/news-releases/full-truck-alliance-co-ltd-announces-fourth-quarter-and-fiscal-year-2021-unaudited-financial-results-301492462.html
SOURCE Full Truck Alliance Co. Ltd.