Full Truck Alliance Co. Ltd. Announces Changes to Its Freight Brokerage Service

Rhea-AI Summary

Full Truck Alliance (NYSE:YMM), a leading digital freight platform in China, announced significant changes to its freight brokerage service pricing structure. The company will increase service fee rates to reduce dependence on government grants and mitigate potential uncertainties.

Starting Q3 2025, FTA expects a substantial decline in freight brokerage transaction volume and revenue, while cost of revenue will increase. The company acknowledges these changes will increase costs for shippers and may negatively impact its profitability.

Positive

• Reducing dependence on government grants increases business autonomy
• Strategic pricing adjustment aims for long-term service sustainability

Negative

• Expected significant decline in freight brokerage transaction volume from Q3 2025
• Anticipated decrease in freight brokerage service revenue
• Increased cost of revenue will negatively impact profitability
• Higher costs for shippers may reduce customer retention

GUIYANG, China, Aug. 1, 2025 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced changes to its freight brokerage service.

To ensure sustainability of its freight brokerage service, the Company has decided to increase the service fee rate for freight brokerage service to reduce such service's reliance on government grants and potential uncertainties. The Company understands that such changes may increase costs to shippers. The Company expects that, starting from the quarter ending September 30, 2025, the transaction volume of its freight brokerage service will significantly decline, resulting in a decline in revenue from freight brokerage service, while the cost of revenue for such service will increase, which may adversely affect the Company's profit to certain extent.

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, freight brokerage and transaction services. 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 station operators. With a mission to empower enterprises with greater logistics competitiveness, 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.

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 its 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 health epidemics, 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

Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
E-mail: FTA@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com

View original content:https://www.prnewswire.com/news-releases/full-truck-alliance-co-ltd-announces-changes-to-its-freight-brokerage-service-302519852.html

SOURCE Full Truck Alliance Co. Ltd.

FAQ

What changes did Full Truck Alliance (YMM) announce to its freight brokerage service?

Full Truck Alliance announced an increase in service fee rates for its freight brokerage service to reduce reliance on government grants and address potential uncertainties.

How will the YMM service fee changes affect Q3 2025 performance?

Starting Q3 2025, the company expects a significant decline in transaction volume and revenue from freight brokerage service, along with increased cost of revenue, potentially affecting profitability.

Why is Full Truck Alliance increasing its freight brokerage service fees?

The company is increasing fees to ensure service sustainability and reduce dependence on government grants and potential uncertainties in its operations.

What is the expected impact on Full Truck Alliance's customers?

The changes will increase costs for shippers using FTA's freight brokerage service, which could potentially affect customer usage of the platform.

How will the service fee increase affect Full Truck Alliance's profitability?

The company expects the changes to adversely affect profits due to declining transaction volumes, lower revenue, and increased cost of revenue in the freight brokerage service.