Shares of Full Truck Alliance Co. Ltd. (YMM), a leading digital freight platform in China, skyrocketed 12.55% in pre-market trading on Wednesday, following the company's impressive fourth-quarter and fiscal year 2024 financial results that surpassed Wall Street expectations. The stock rally reflected investors' optimism about the company's robust performance and shareholder-friendly initiatives.

For the fourth quarter of 2024, Full Truck Alliance reported a 31.8% year-over-year surge in net revenues to $434.9 million, driven by rapid growth in its freight matching services, particularly the transaction service segment. The company's non-GAAP adjusted net income soared 43.5% year-over-year to $144.1 million, showcasing its strong profitability.

The full-year results were equally impressive, with net revenues surging 33.2% to $1.54 billion, fueled by the company's expanding user base, sophisticated commission strategies, and operational efficiency improvements. Non-GAAP adjusted net income for 2024 grew 43.7% year-over-year to $550.8 million.

Underlining its confidence in future growth prospects, Full Truck Alliance provided an upbeat revenue outlook for the first quarter of 2025, projecting year-over-year growth of 15.9% to 18.1%. Additionally, the company announced the adoption of a semi-annual dividend policy, with plans to distribute approximately $200 million in cash dividends for 2025, demonstrating its commitment to shareholder value creation.