Juan Liao's questions to Full Truck Alliance Co Ltd (YMM) leadership • Q4 2024
Question
Juan Liao asked for the main reasons behind the RMB 350 million impairment loss recorded in Q4 and requested guidance on potential impairments in the near future.
Answer
CFO Chong Cai explained that the impairment was a one-off charge related to a 2018 investment in an e-commerce platform for auto parts that is now deemed beyond recovery. He assured that the company is not aware of any other situations that would lead to similar impairments and will maintain a prudent investment approach going forward.