{
 "as_of": "2026-11-08",
 "cmr": "us-cm-kg/NYSE/YMM",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Full Truck Alliance Co. Ltd. (NYSE: YMM) — research page\n\nAs of 2026-11-08 · us-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Full Truck Alliance Co. Ltd., listed on the NYSE under ticker YMM, with ISIN US35969L1089. The LEI is not on the record, as no GLEIF record carries the exact legal name in jurisdiction US-E9. The security type is recorded as Non-operating entity type (other), the segment is not on the record, the sector is 7372 Services-Prepackaged Software, and the jurisdiction is the Cayman Islands. The issuer is listed and not halted.\n\n## The disclosure read\n\nThe record holds 20 filings in the twelve months to 2026-11-08, across 11 filing days: 9 directors' dealings, 5 regulatory filings and 6 results. The median gap between filing days is 27.5 days. The latest filing is dated 2026-11-02, is of type directors' dealings, and falls 6 days before the record date. The NYSE median cadence gap is 6.0 days, with a median of 64.0 filings and a median latency of 4.0 days across 3256 issuers. The sector median cadence gap is 5.0 days, with a median of 62.5 filings and a median latency of 4.5 days across 266 issuers.\n\n## Auditor\n\nThe auditor of record is not on the record, as the latest annual report cover carries no dei:AuditorName tag, and foreign private issuers and older filings carry none. The auditor's location is not on the record. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds no listing, delisting or name change lines. The domicile change is not on the record, as EDGAR states no dated change of state of incorporation on a filing line. The segment move is not on the record, as the exchanges' tier transfers are not EDGAR filings. The halt flag reads listed, not halted.\n\n## Orderability\n\nThe orderability outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 22 research houses: Barclays, BofA Securities, China Merchants Securities, CICC, East Asia Qianhai Securities, GF Securities, Goldman Sachs (Asia) L.L.C., HSBC Global Research, Huatai Securities, Jefferies, Morgan Stanley, Nomura, China Renaissance Securities (HK) Ltd, Citi, CITIC Securities, CLSA, Daiwa Securities, J.P.Morgan, Soochow Securities, TF Securities, TH Capital and UBS.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe issuer's years sealed are 2021, 2022, 2023, 2024, 2025 and 2026. The market's earliest sealed date is 2021-01-04. The live record began on 2026-09-12.\n\n## Sources\n\n8 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.sec.gov/files/company_tickers_exchange.json (identity.exchange)\n- https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data (identity.isin)\n- https://data.sec.gov/submissions/CIK0001838413.json (identity.jurisdiction)\n- https://mcp.us-cm-kg.ai/events/NYSE/YMM (the disclosure lines)\n- https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts (the halt flag)\n- https://mcp.us-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://ir.fulltruckalliance.com/Analyst-Coverage (coverage)\n- https://mcp.us-cm-kg.ai/record/NYSE/YMM (the record)\n",
 "market": "US",
 "node": "us-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "live_record_began": "2026-09-12",
   "node_history_from": "2021-01-04",
   "node_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "record_version": 1,
   "sealed": true
  },
  "auditor": {
   "auditor": {
    "market": "US",
    "reason": "no dei:AuditorName tag on the latest annual report cover (foreign private issuers and older filings carry none)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "US",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "US",
    "state": "not_on_record"
   },
   "changes": []
  },
  "cmr": "us-cm-kg/NYSE/YMM",
  "coverage": {
   "count": 22,
   "houses": [
    {
     "analyst": "Jiong Shao / Lianxiu Duan",
     "house": "Barclays",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Fan Tso / Miranda Zhuang",
     "house": "BofA Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Zhechuan Ding / Yun Wei",
     "house": "China Merchants Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Wenjie Zhang / Liping Zhao",
     "house": "CICC",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Ying Huang / Jiaying Zong",
     "house": "East Asia Qianhai Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Shi Kuang / Yuechun Luo",
     "house": "GF Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Ronald Keung",
     "house": "Goldman Sachs (Asia) L.L.C.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Ritchie Sun / Charlene Liu",
     "house": "HSBC Global Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Lulu Xia / Yanni Su",
     "house": "Huatai Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Thomas Chong",
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Eddy Wang / Kathy Zhu",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Rachel Guo / Jialong Shi",
     "house": "Nomura",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Charlie Chen",
     "house": "China Renaissance Securities (HK) Ltd",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Brian Gong / Alicia Yap",
     "house": "Citi",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Yuan Liao",
     "house": "CITIC Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Wenting Yu",
     "house": "CLSA",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "John Choi",
     "house": "Daiwa Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Karen Li",
     "house": "J.P.Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Liangwei Zhang",
     "house": "Soochow Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Jinhai Chen",
     "house": "TF Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Tian X. Hou",
     "house": "TH Capital",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    },
    {
     "analyst": "Xin Chen",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://ir.fulltruckalliance.com/Analyst-Coverage",
     "result": "read: 22 of 34 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-11",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 3256,
     "median_cadence_gap_days": 6,
     "median_filings": 64,
     "median_latency_days": 4,
     "name": "NYSE"
    },
    "sector": {
     "issuers": 266,
     "median_cadence_gap_days": 5,
     "median_filings": 62.5,
     "median_latency_days": 4.5,
     "name": "7372 Services-Prepackaged Software"
    }
   },
   "by_type": {
    "directors_dealings": 9,
    "regulatory_filing": 5,
    "results": 6
   },
   "cadence_median_gap_days": 27.5,
   "filing_days": 11,
   "filings": 20,
   "latency_days": 6,
   "latest": [
    {
     "category": "4",
     "date": "2026-11-02",
     "source": "https://www.sec.gov/Archives/edgar/data/1838413/000119312526442511/xslF345X06/ownership.xml",
     "title": "4 — 4",
     "type": "directors_dealings"
    },
    {
     "category": "6-K",
     "date": "2026-08-19",
     "source": "https://www.sec.gov/Archives/edgar/data/1838413/000119312526356976/d240729d6k.htm",
     "title": "6-K — FORM 6-K",
     "type": "results"
    },
    {
     "category": "144",
     "date": "2026-05-21",
     "source": "https://www.sec.gov/Archives/edgar/data/1838413/000163360326000003/xsl144X01/primary_doc.xml",
     "title": "144",
     "type": "regulatory_filing"
    },
    {
     "category": "6-K",
     "date": "2026-05-21",
     "source": "https://www.sec.gov/Archives/edgar/data/1838413/000119312526233578/d50293d6k.htm",
     "title": "6-K — FORM 6-K",
     "type": "results"
    },
    {
     "category": "SCHEDULE 13G/A",
     "date": "2026-05-13",
     "source": "https://www.sec.gov/Archives/edgar/data/1838413/000170171726000009/xslSCHEDULE_13G_X02/primary_doc.xml",
     "title": "SCHEDULE 13G/A",
     "type": "regulatory_filing"
    }
   ],
   "latest_filing_date": "2026-11-02",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.us-cm-kg.ai/events/NYSE/YMM",
   "window": {
    "from": "2025-11-08",
    "to": "2026-11-08"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "NYSE"
   },
   "isin": {
    "read_by": "SEC Fails-to-Deliver data (CUSIP for the symbol) · ISIN = US + CUSIP + ISO 6166 check digit",
    "read_date": "2026-10-13",
    "read_date_basis": "last_seen",
    "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data",
    "state": "sourced",
    "value": "US35969L1089"
   },
   "jurisdiction": {
    "read_by": "EDGAR submissions API (issuer header as filed) (stateOfIncorporation)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001838413.json",
    "state": "sourced",
    "value": "Cayman Islands"
   },
   "lei": {
    "market": "US",
    "reason": "no GLEIF record with the exact legal name in jurisdiction US-E9",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001838413.json",
    "state": "sourced",
    "value": "Full Truck Alliance Co. Ltd."
   },
   "sector": {
    "read_by": "EDGAR submissions API (issuer header as filed) (SIC code as assigned by the SEC)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001838413.json",
    "state": "sourced",
    "value": "7372 Services-Prepackaged Software"
   },
   "security_type": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001838413.json",
    "state": "sourced",
    "value": "Non-operating entity type (other)"
   },
   "segment": {
    "market": "US",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "YMM"
   },
   "website": {
    "market": "US",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": [],
   "domicile_change": {
    "market": "US",
    "reason": "EDGAR states no dated change of state of incorporation on a filing line",
    "state": "not_on_record"
   },
   "listing": [],
   "name_change": [],
   "segment_move": {
    "market": "US",
    "reason": "the exchanges' tier transfers are not EDGAR filings",
    "state": "not_on_record"
   }
  },
  "market": "US",
  "node": "us-cm-kg",
  "numbers_hash": "sha256:e7530bedb6348cdac50466e11554ad42567288ed1d95053820c6675d6d804dc4",
  "open_research": {
   "read_date": "2026-11-11",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.us-cm-kg.ai/book/aio.json",
    "door": "https://mcp.us-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1",
   "section": "us.aio.v8"
  },
  "record": {
   "as_of": "2026-11-08",
   "url": "https://mcp.us-cm-kg.ai/record/NYSE/YMM",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:e7530bedb6348cdac50466e11554ad42567288ed1d95053820c6675d6d804dc4",
 "path": "/us/NYSE/YMM",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Full Truck Alliance Co. Ltd., listed on the NYSE under ticker YMM, with ISIN US35969L1089. The LEI is not on the record, as no GLEIF record carries the exact legal name in jurisdiction US-E9. The security type is recorded as Non-operating entity type (other), the segment is not on the record, the sector is 7372 Services-Prepackaged Software, and the jurisdiction is the Cayman Islands. The issuer is listed and not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 20 filings in the twelve months to 2026-11-08, across 11 filing days: 9 directors' dealings, 5 regulatory filings and 6 results. The median gap between filing days is 27.5 days. The latest filing is dated 2026-11-02, is of type directors' dealings, and falls 6 days before the record date. The NYSE median cadence gap is 6.0 days, with a median of 64.0 filings and a median latency of 4.0 days across 3256 issuers. The sector median cadence gap is 5.0 days, with a median of 62.5 filings and a median latency of 4.5 days across 266 issuers.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, as the latest annual report cover carries no dei:AuditorName tag, and foreign private issuers and older filings carry none. The auditor's location is not on the record. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds no listing, delisting or name change lines. The domicile change is not on the record, as EDGAR states no dated change of state of incorporation on a filing line. The segment move is not on the record, as the exchanges' tier transfers are not EDGAR filings. The halt flag reads listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The orderability outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 22 research houses: Barclays, BofA Securities, China Merchants Securities, CICC, East Asia Qianhai Securities, GF Securities, Goldman Sachs (Asia) L.L.C., HSBC Global Research, Huatai Securities, Jefferies, Morgan Stanley, Nomura, China Renaissance Securities (HK) Ltd, Citi, CITIC Securities, CLSA, Daiwa Securities, J.P.Morgan, Soochow Securities, TF Securities, TH Capital and UBS.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The issuer's years sealed are 2021, 2022, 2023, 2024, 2025 and 2026. The market's earliest sealed date is 2021-01-04. The live record began on 2026-09-12.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "8 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.sec.gov/files/company_tickers_exchange.json"
  },
  {
   "for": "identity.isin",
   "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://data.sec.gov/submissions/CIK0001838413.json"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.us-cm-kg.ai/events/NYSE/YMM"
  },
  {
   "for": "the halt flag",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.us-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://ir.fulltruckalliance.com/Analyst-Coverage"
  },
  {
   "for": "the record",
   "source": "https://mcp.us-cm-kg.ai/record/NYSE/YMM"
  }
 ],
 "title": "Full Truck Alliance Co. Ltd. (YMM) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}