Full Truck Alliance Co. Ltd.
Q1 2022 Earnings Call
Jun 08, 2022, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, good day, and welcome to Full Truck Alliance's first quarter 2022 earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mao Mao, head of investor relations. Please go ahead.
Mao Mao -- Investor Relations
Thank you, operator. Please note that today's discussion will contain forward-looking statements relating to the company's future performance, which are intended to qualify for the Safe Harbor from liability as established by the U.S Private Securities Litigation Reform Act. Such statements are not guarantees of future performance and are subject to certain risks and uncertainties, assumptions, and other factors. Some of these risks are beyond the company's control and could cause actual results to differ materially from those mentioned in today's press release and discussion.
A general discussion of the risk factors that could affect FTA's business and financial results is included in certain filings of the company with the SEC. The company does not undertake any obligation to update these forward-looking statements, except as required by law. During today's call, management will also discuss certain non-GAAP financial measures for comparison purposes only. For a definition of non-GAAP financial measures and a reconciliation of GAAP to non-GAAP financial results, please see the earnings release issued earlier today.
Joining us today on the call from FTA's senior management side are Mr. Hui Zhang, our founder, chairman, and CEO; and Mr. Simon Cai, our CFO. Management will begin with prepared remarks and the call will conclude with a Q&A session.
As a reminder, this conference is being recorded. In addition, a webcast replay of this call will be available on FTA's investor relations website at ir.fulltruckalliance.com. I will now turn the call over to our founder, chairman, and CEO, Mr. Zhang.
Please go ahead, sir.
Hui Zhang -- Founder and Chief Executive Officer
[Foreign language]
Mao Mao -- Investor Relations
Thank you for joining us today on our first quarter of 2022 earnings conference call.
Hui Zhang -- Founder and Chief Executive Officer
[Foreign language]
Mao Mao -- Investor Relations
Our growth momentum continued in the first quarter of 2022 with another quarter of solid financial and operational performance despite typically slower seasonal demand, as well as challenges arising from the industrywide transportation resources shortage and disruptive network operations in certain areas of China due to the pandemic and the dynamic zero COVID policy. Our GTV reached RMB 53.6 billion, representing year-over-year growth of 4.2% and the number of fulfilled orders grew 13.6% year over year to RMB 25.2 million. In the absence of new external user growth, we still witnessed stable user activity trends in the first quarter, mainly attributable to higher user retention rates and rising engagement levels.