Full Truck Alliance Co. Ltd. (NYSE:YMM) Q1 2024 Earnings Conference Call May 21, 2024 8:00 AM ET

Company Participants

Mao Mao - Head of Investor Relations
Hui Zhang - Founder, Chairman and Chief Executive Officer
Simon Cai - Chief Financial Officer

Conference Call Participants

Eddy Wang - Morgan Stanley
Jiulu Li - CICC
Charlie Chen - China Renaissance
Bruce Mi - UBS
Brian Gong - Citigroup

Operator

Ladies and gentlemen, good day, and welcome to Full Truck Alliance's First Quarter 2024 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

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 this forward-looking information, except as required by law. During today's call, management will also discuss certain non-GAAP financial measures for comparison purpose 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 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

[Foreign Language] [Interpreted]

Hello, everyone. Thank you for joining us today on our first quarter 2024 earnings conference call. Entering 2024, we continued to steadfastly promote the digital and intelligent transformation of the logistics industry by enhancing logistics efficiency and reducing costs for tens of millions of small and medium sized shippers, we empower enterprises with greater logistics competitiveness and improved profitability. With our core cost savings value proposition and consistently optimized product experience, our network effect is growing stronger at both ends that is for both truckers and shippers. This leads to continuous improvement in fulfillment efficiency and further propels our growth flywheel.