Full Truck Alliance Co. Ltd.

Ladies and gentlemen, good day and welcome to Full Truck Alliance's second 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.

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 Mitigation Reform Act. Such statements are not guaranteed of future performance and are subject to certain risks and uncertainty, 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 findings of the company with the FTC. 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 side are Mr. Hui Zhang, our founder, chairman, and CEO, and Mr. Simon Tai, 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.fulltalkalliance.com. I will now turn the call over to our founder, chairman, and CEO, Mr. Zhang. Please go ahead.

Hello, everyone. Welcome to the second quarter of the FTA's business phone call. Looking back at the past 20 years, in the face of a complex and diverse public environment, We continue to firmly promote the digitalization and intelligentization of the logistics industry, and support businesses based on logistics competitiveness. In the midst of a big trend of business capital growth, we rely on the two-dimensional scale effect of the platform to bring extreme cost-effectiveness and transaction efficiency to our customers, and continue to drive companies to grow and fly. In the first half of the year, our orders reached 25% of the same rate, exceeding the growth rate of the stock market.