Full Truck Alliance Shares Little Changed After Fund Sale Flags YMM for Traders
Full Truck Alliance (YMM) traded flat premarket after Cederberg Capital exited its $20 million stake in Q1. Shares closed Friday at $8.82, down 0.34%. Q1 results showed orders up 14.3% to 55 million, revenue up 5.5% to RMB2.85 billion, but net income fell to RMB994.1 million. Value-added services revenue dropped, and non-performing loans rose to 3.2%. Q2 revenue forecast trails last year. Board approved a $0.084 per ADS dividend.