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Income Statement (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 2.76B | 14.8% |
| Gross Profit | 1.45B | 15.7% |
| Cost of Revenue | 1.31B | 13.9% |
| Operating expense | 2.2B | 118.8% |
| Net Income | 823M | 40.9% |
Balance Sheet (CNY)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 39.6B | 0.6% |
| Total Liabilities | 3.5B | 1.4% |
| Total Equity | 35.7B | 0.3% |
| Shares Outstanding | 20.9B | 1890.4% |
Cash Flow (CNY)
| Q2 '24 | QoQ |
|---|
Financial Highlights for Full Truck Alliance in Q2 '24
Full Truck Alliance reported a revenue of 2.76B, which is a 14.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.45B, marking a 15.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.31B, a 13.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.2B, showing a 118.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 823M, showing a 40.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Full Truck Alliance with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
