Shares of Full Truck Alliance Co. Ltd. (YMM) soared 7.03% in pre-market trading on Wednesday, following the release of the company's impressive fourth-quarter and fiscal year 2024 financial results. The stock rally indicates investors' optimism about the company's strong performance and future prospects.

Full Truck Alliance, a leading digital freight platform in China, reported robust financial metrics for the fourth quarter and full year 2024. The company's net revenues surged 31.8% year-over-year to RMB 3.17 billion ($434.9 million) in Q4, driven by rapid growth in its freight matching services, particularly the transaction service segment. For the full year, net revenues jumped 33.2% to RMB 11.24 billion ($1.54 billion).

The company's profitability also improved significantly. Non-GAAP adjusted net income soared 43.5% year-over-year to RMB 1.05 billion ($144.1 million) in Q4, and grew 43.7% to RMB 4.02 billion ($550.8 million) for the full year. This strong profitability was attributed to the company's expanding user base, sophisticated commission strategies, and operational efficiency improvements.

Furthermore, Full Truck Alliance provided an upbeat outlook for the first quarter of 2025, projecting net revenues between RMB 2.63 billion and RMB 2.68 billion, representing year-over-year growth of 15.9% to 18.1%. The company also announced the adoption of a semi-annual dividend policy, with plans to distribute approximately US$200 million in cash dividends for 2025, demonstrating its confidence in future growth and commitment to shareholder value creation.