Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq:
FUTU), a leading tech-driven online brokerage and wealth
management platform in China, today announced its unaudited
financial results for the second quarter ended June 30, 2021.
Second Quarter 2021 Operational Highlights
- Total number of paying
clients1 increased 230.2% year-over-year
to 1,000,795.
- Total number of registered
clients2 increased 142.5% year-over-year
to 2,316,094.
- Total number of users3
increased 66.8% year-over-year to 15.5 million.
- Total client assets increased 253.5%
year-over-year to HK$503.2 billion.
- Daily average client assets were HK$470.2
billion in the second quarter of 2021, an increase of 295.8% from
the same period in 2020.
- Total trading
volume increased 104.3% year-over-year to HK$1.3 trillion,
in which trading volume for US stocks was HK$842.3 billion and
trading volume for Hong Kong stocks was HK$447.3 billion.
- Daily average revenue trades (DARTs)4
increased 105.4% year-over-year to 540,988.
- Margin financing and securities lending
balance increased 338.4% year-over-year to HK$33.0
billion.
Second Quarter 2021 Financial Highlights
- Total revenues increased 129.3% year-over-year
to HK$1,576.9 million (US$203.1 million).
- Total gross profit increased 143.2%
year-over-year to HK$1,298.0 million (US$167.1 million).
- Net income increased 125.8% year-over-year to
HK$533.9 million (US$68.7 million).
- Non-GAAP adjusted net income5 increased 126.7%
year-over-year to HK$550.4 million (US$70.9 million).
Mr. Leaf Hua Li, Futu’s Chairman and Chief
Executive Officer, said, “We are pleased to announce that our
operating metrics recorded robust growth across the board in the
second quarter of 2021.”
“The net addition of paying clients was
approximately 211 thousand, our second-best quarter in history. We
achieved the 1 million paying client milestone as of quarter end,
representing 230.2% year-over-year growth. We are encouraged to see
that Singapore contributed to roughly half of this net addition,
which underscores our product appeal and the huge untapped market
opportunity in Singapore. Organic growth continued to contribute
over half of our new paying clients, with this percentage even
higher in Singapore. Our quarterly paying client retention rate
remained high at 97.8% despite rapid client growth and
equities market pullback.”
“Going forward, we are committed to defending
our leading position in Hong Kong, leveraging word-of-mouth
referral and marketing to grab market share in Singapore, and
accelerating self-clearing for U.S stock trading to improve
profitability and operational flexibility.”
“Despite mark-to-market loss due to challenging
equities market performances, our total client assets increased to
HK$503.2 billion, representing 253.5% growth on a year-over-year
basis and 8.9% growth on a quarter-over-quarter basis. Total
trading volume was HK$1.3 trillion, up 104.3% year-over-year. U.S.
stock trading volume accounted for approximately 64% of our total
trading volume. We noticed a meaningful sequential slump in trading
volume as turnover rate declined across trading markets and client
cohorts against a challenging equities market backdrop.”
“As for our wealth management business Money
Plus, we established new partnerships with 7 reputable asset
managers, including Goldman Sachs, UBS and Principal. As of quarter
end, over 74,000 clients held wealth management positions and total
client assets in wealth management were HK$13.8 billion, up 59.2%
year-over-year and 5.0% quarter-over-quarter. In the second
quarter, we added fund portfolio rebalancing function and upgraded
the functionality of money market funds to allow for automatic
subscription and redemption based on client’s idle cash and margin
balance positions. We expect steady wealth management asset balance
growth regardless of overall market sentiment.”
“Our enterprise business Futu I&E recorded
robust growth in this quarter. We had 186 IPO and IR clients as
well as 263 ESOP solutions clients as of quarter end, representing
190.6% and 152.9% year-over-year growth, respectively.”
“We continue to see active user engagement as
average DAU remained above 1 million on each trading day in June.
So far, over 600 companies have set up enterprise accounts in our
social community to interact with retail investors, as our
self-reinforcing ecosystem continues to expand and thrive.”
1 The number of paying clients refers to the
number of clients with assets in their trading accounts with Futu.2
The number of registered clients refers to the number of users who
open one or more trading accounts with Futu.3 The number of users
refers to the number of user accounts registered with Futu.4 The
number of Daily Average Revenue Trades (DARTs) refers to the number
of average trades per day that generate commissions or fees.5
Non-GAAP adjusted net income is defined as net income excluding
share-based compensation expenses.
Second Quarter 2021 Financial Results
Revenues
Total revenues were HK$1,576.9 million (US$203.1
million), an increase of 129.3% from HK$687.6 million in the second
quarter of 2020.
Brokerage commission and handling charge income
was HK$797.7 million (US$102.7 million), an increase of 94.8% from
HK$409.5 million in the second quarter of 2020. The rise was mainly
due to the 104.3% year-over-year growth of our total trading
volume. Dampened market sentiments over the second quarter led to a
sequential decline in trading turnover and brokerage commission,
although blended commission rates recorded a slight uptick.
Interest income was HK$610.3 million (US$78.6
million), an increase of 193.6% from HK$207.9 million in the second
quarter of 2020. The increase in interest income was mainly driven
by the increase in daily average margin financing balances, higher
securities borrowing and lending services income, as well as higher
IPO financing interest income.
Other income was HK$168.8 million (US$21.7
million), an increase of 140.5% from HK$70.2 million in the second
quarter of 2020. The rise was primarily due to increases in
currency exchange service income and underwriting fee income.
Costs
Total costs were HK$278.8 million (US$35.9
million), an increase of 81.3% from HK$153.8 million in the second
quarter of 2020.
Brokerage commission and handling charge
expenses were HK$145.2 million (US$18.7 million), an increase of
88.6% from HK$77.0 million in the second quarter of 2020. This
increase was roughly in line with the growth of our brokerage
commission and handling charge income.
Interest expenses were HK$79.5 million (US$10.2
million), an increase of 97.8% from HK$40.2 million in the second
quarter of 2020. The increase was primarily due to higher margin
financing interest expenses and higher expenses associated with our
securities borrowing and lending business.
Processing and servicing costs were HK$54.2
million (US$7.0 million), an increase of 48.1% from HK$36.6 million
in the second quarter of 2020. The increase was primarily due to an
increase in cloud service fees to process higher number of
concurrent trades.
Gross Profit
Total gross profit was HK$1,298.0 million
(US$167.1 million), an increase of 143.2% from HK$533.8 million in
the second quarter of 2020.
Gross profit margin increased from 77.6% in the
second quarter of 2020 to 82.3% in the second quarter of 2021,
attributable to higher operating leverage as a result of our larger
business scale.
Operating Expenses
Total operating expenses were HK$647.4 million
(US$83.4 million), an increase of 145.0% from HK$264.2 million in
the second quarter of 2020.
Research and development expenses were HK$173.4
million (US$22.3 million), an increase of 47.8% from HK$117.3
million in the second quarter of 2020. The increase was primarily
due to an increase in research and development headcount to build
out U.S. clearing capabilities, support new product offerings and
provide more customized product experiences in international
markets.
Selling and marketing expenses were HK$377.4
million (US$48.6 million), an increase of 291.9% from HK$96.3
million in the second quarter of 2020. The increase was primarily
due to higher branding and marketing spending, especially in
international markets.
General and administrative expenses were HK$96.5
million (US$12.4 million), an increase of 90.7% from HK$50.6
million in the second quarter of 2020. The increase was primarily
due to an increase in headcount for general and administrative
personnel.
Net Income
Net income increased by 125.8% to HK$533.9
million (US$68.7 million) from HK$236.5 million in the second
quarter of 2020. The increase was primarily due to robust revenue
growth and operating leverage.
Non-GAAP adjusted net income increased by
126.7% to HK$550.4 million (US$70.9 million) from HK$242.8 million
in the second quarter of 2020. Non-GAAP adjusted net income is
defined as net income excluding share-based compensation expenses.
For further information, see "Use of Non-GAAP Financial Measures"
at the bottom of this press release.
Net Income per ADS
Basic net income per American Depositary Share
(“ADS”) was HK$3.54 (US$0.46), compared with HK$1.88 in the second
quarter of 2020. Diluted net income per ADS was HK$3.47 (US$0.45),
compared with HK$1.86 in the second quarter of 2020. Each ADS
represents eight Class A ordinary shares.
Conference Call and Webcast
Futu's management will hold an earnings
conference call on Tuesday, August 31, 2021, at 7:30 AM U.S.
Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time).
Please note that all participants will need to
pre-register for the conference call, using the link
http://apac.directeventreg.com/registration/event/6176557. It will
automatically lead to the registration page of "Futu Holdings Ltd
Second Quarter 2021 Earnings Conference Call", where details for
RSVP are needed. When requested to submit a participant conference
ID, please enter the number "6176557".
Upon registering, all participants will be
provided in confirmation emails with participant dial-in numbers,
Direct Event passcodes and unique registrant IDs to access the
conference call. Please dial in 10 minutes prior to the call start
time using the conference access information.
A telephone replay will be available after the
conclusion of the conference call through 9:59 AM U.S. Eastern
Time, September 8, 2021. The dial-in details are:
|
International: |
+61-2-8199-0299 |
| US: |
+1-646-254-3697 |
| Hong Kong: |
+852-3051-2780 |
| Passcode: |
6176557 |
Additionally, a live and archived webcast of
this conference call will be available at
https://ir.futuholdings.com/.
About Futu Holdings Limited
Futu Holdings Limited (Nasdaq: FUTU) is an
advanced technology company transforming the investing experience
by offering a fully digitized brokerage and wealth management
platform. The Company primarily serves the emerging affluent
population, pursuing a massive opportunity to facilitate a
once-in-a-generation shift in the wealth management industry and
build a digital gateway into broader financial services. The
Company provides investing services through its proprietary digital
platform, Futubull and moomoo, each a highly integrated application
accessible through any mobile device, tablet or desktop. The
Company's primary fee-generating services include trade execution
and margin financing which allow its clients to trade securities,
such as stocks, warrants, options, futures and exchange-traded
funds, or ETFs, across different markets. Futu has also embedded
social media tools to create a network centered around its users
and provide connectivity to users, investors, companies, analysts,
media and key opinion leaders..
Use of Non-GAAP Financial Measures
In evaluating the business, the Company
considers and uses non-GAAP adjusted net income, a non-GAAP
measure, as a supplemental measure to review and assess its
operating performance. The presentation of the non-GAAP financial
measure is not intended to be considered in isolation or as a
substitute for the financial information prepared and presented in
accordance with U.S. GAAP. The Company defines non-GAAP adjusted
net income as net income excluding share-based compensation
expenses. The Company presents the non-GAAP financial measure
because it is used by the management to evaluate the operating
performance and formulate business plans. Non-GAAP adjusted net
income enables the management to assess the Company's operating
results without considering the impact of share-based compensation
expenses, which are non-cash charges. The Company also believes
that the use of the non-GAAP measure facilitates investors'
assessment of its operating performance.
Non-GAAP adjusted net income is not defined
under U.S. GAAP and is not presented in accordance with U.S. GAAP.
This non-GAAP financial measure has limitations as analytical
tools. One of the key limitations of using non-GAAP adjusted net
income is that it does not reflect all items of expense that affect
the Company's operations. Share-based compensation expenses have
been and may continue to be incurred in the business and is not
reflected in the presentation of non-GAAP adjusted net income.
Further, the non-GAAP measure may differ from the non-GAAP
information used by other companies, including peer companies, and
therefore their comparability may be limited.
The Company compensates for these limitations by
reconciling the non-GAAP financial measure to the nearest U.S. GAAP
performance measure, all of which should be considered when
evaluating the Company's performance.
For more information on this non-GAAP financial measure, please
see the table captioned "Unaudited Reconciliations of Non-GAAP and
GAAP Results" set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of
certain HK dollars (“HK$”) amounts into U.S. dollars ("US$") at
specified rates solely for the convenience of the reader. Unless
otherwise stated, all translations from HK$ to US$ were made at the
rate of HK$7.7658 to US$1.00, the noon buying rate in effect on
June 30, 2021 in the H.10 statistical release of the Federal
Reserve Board. The Company makes no representation that the HK$ or
US$ amounts referred could be converted into US$ or HK$, as the
case may be, at any particular rate or at all.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the "safe harbor"
provisions of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Among other things, the quotations from the management
team of the Company, contain forward-looking statements. Futu may
also make written or oral forward-looking statements in its
periodic reports to the SEC, in its annual report to shareholders,
in press releases and other written materials and in oral
statements made by its officers, directors or employees to third
parties. Statements that are not historical facts, including
statements about Futu's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Futu's goal and strategies; Futu's expansion plans;
Futu's future business development, financial condition and results
of operations; Futu's expectations regarding demand for, and market
acceptance of, its credit products; Futu's expectations regarding
keeping and strengthening its relationships with borrowers,
institutional funding partners, merchandise suppliers and other
parties it collaborate with; general economic and business
conditions; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in Futu's filings with the SEC. All information provided
in this press release and in the attachments is as of the date of
this press release, and Futu does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For investor inquiries, please contact:
Investor RelationsFutu Holdings Limitedir@futuholdings.com
| |
|
FUTU HOLDINGS LIMITED UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS(In
thousands, except
for share and
per share
data) |
| |
| |
As of December 31 |
|
As of June 30 |
|
|
2020 |
|
2021 |
|
2021 |
| |
HK$ |
|
HK$ |
|
US$ |
| ASSETS |
|
|
|
|
|
| Cash and cash equivalents |
1,034,668 |
|
1,773,938 |
|
228,430 |
| Cash held on behalf of
clients |
42,487,090 |
|
62,419,357 |
|
8,037,724 |
| Term deposits |
300,000 |
|
- |
|
- |
| Loans and advances (net of
allowance of HK$9,075 thousand and HK$17,894 thousand as of
December 31, 2020 and June 30, 2021) |
18,825,366 |
|
53,184,721 |
|
6,848,582 |
| Receivables: |
|
|
|
|
|
|
Clients |
735,145 |
|
686,210 |
|
88,363 |
|
Brokers |
5,780,461 |
|
10,157,005 |
|
1,307,915 |
|
Clearing organizations |
1,243,928 |
|
636,078 |
|
81,908 |
|
Fund management companies and fund distributors |
297,622 |
|
144,352 |
|
18,588 |
|
Interest |
19,876 |
|
36,439 |
|
4,692 |
| Prepaid assets |
11,422 |
|
32,120 |
|
4,136 |
| Operating lease right-of-use
assets |
208,863 |
|
259,292 |
|
33,389 |
| Other assets |
393,326 |
|
405,850 |
|
52,261 |
| Total
assets |
71,337,767 |
|
129,735,362 |
|
16,705,988 |
| |
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
| Amounts due to related
parties |
87,169 |
|
27,383 |
|
3,526 |
| Payables: |
|
|
|
|
|
|
Clients |
46,062,842 |
|
66,053,640 |
|
8,505,710 |
|
Brokers |
4,533,581 |
|
5,337,589 |
|
687,320 |
|
Clearing organizations |
324,266 |
|
836,984 |
|
107,778 |
|
Fund management companies and fund distributors |
127,442 |
|
96,206 |
|
12,388 |
|
Interest |
5,493 |
|
14,142 |
|
1,821 |
| Borrowings |
5,482,818 |
|
29,329,012 |
|
3,776,689 |
| Securities sold under
agreements to repurchase |
5,453,037 |
|
5,636,019 |
|
725,749 |
| Operating lease
liabilities |
222,231 |
|
274,432 |
|
35,339 |
| Accrued expenses and other
liabilities |
731,198 |
|
1,225,058 |
|
157,750 |
| Total
liabilities |
63,030,077 |
|
108,830,465 |
|
14,014,070 |
|
SHAREHOLDERS’ EQUITY |
|
|
|
|
|
| Class A ordinary shares |
47 |
|
58 |
|
7 |
| Class B ordinary shares |
38 |
|
38 |
|
5 |
| Additional paid-in
capital |
6,960,369 |
|
17,858,421 |
|
2,299,624 |
| Accumulated other
comprehensive income |
4,974 |
|
7,928 |
|
1,021 |
| Retained earnings |
1,342,262 |
|
3,038,452 |
|
391,261 |
| Total shareholders'
equity |
8,307,690 |
|
20,904,897 |
|
2,691,918 |
| Total liabilities and
shareholders' equity |
71,337,767 |
|
129,735,362 |
|
16,705,988 |
| |
|
|
|
|
|
|
FUTU HOLDINGS LIMITEDUNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(In
thousands, except for share and per share data) |
| |
| |
For the Three Months Ended |
|
For the Six Months Ended |
| |
June 30,2020 |
|
June 30,2021 |
|
June 30,2021 |
|
June 30,2020 |
|
June 30,2021 |
|
June 30,2021 |
| |
HK$ |
|
HK$ |
|
US$ |
|
HK$ |
|
HK$ |
|
US$ |
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
Brokerage commission and handling charge income |
409,519 |
|
|
797,738 |
|
|
102,725 |
|
|
708,695 |
|
|
2,122,679 |
|
|
273,337 |
|
|
Interest income |
207,853 |
|
|
610,335 |
|
|
78,593 |
|
|
352,333 |
|
|
1,268,940 |
|
|
163,401 |
|
|
Other income |
70,192 |
|
|
168,785 |
|
|
21,734 |
|
|
117,178 |
|
|
389,842 |
|
|
50,199 |
|
|
Total revenues |
687,564 |
|
|
1,576,858 |
|
|
203,052 |
|
|
1,178,206 |
|
|
3,781,461 |
|
|
486,937 |
|
|
Costs |
|
|
|
|
|
|
|
|
|
|
|
|
Brokerage commission and handling charge expenses |
(77,032 |
) |
|
(145,165 |
) |
|
(18,693 |
) |
|
(127,174 |
) |
|
(359,002 |
) |
|
(46,229 |
) |
|
Interest expenses |
(40,193 |
) |
|
(79,500 |
) |
|
(10,237 |
) |
|
(73,315 |
) |
|
(246,967 |
) |
|
(31,802 |
) |
|
Processing and servicing costs |
(36,577 |
) |
|
(54,166 |
) |
|
(6,975 |
) |
|
(71,233 |
) |
|
(116,024 |
) |
|
(14,940 |
) |
|
Total costs |
(153,802 |
) |
|
(278,831 |
) |
|
(35,905 |
) |
|
(271,722 |
) |
|
(721,993 |
) |
|
(92,971 |
) |
|
Total gross profit |
533,762 |
|
|
1,298,027 |
|
|
167,147 |
|
|
906,484 |
|
|
3,059,468 |
|
|
393,966 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Research and development expenses |
(117,266 |
) |
|
(173,405 |
) |
|
(22,329 |
) |
|
(201,336 |
) |
|
(310,787 |
) |
|
(40,020 |
) |
|
Selling and marketing expenses |
(96,332 |
) |
|
(377,426 |
) |
|
(48,601 |
) |
|
(161,606 |
) |
|
(652,036 |
) |
|
(83,963 |
) |
|
General and administrative expenses |
(50,637 |
) |
|
(96,535 |
) |
|
(12,431 |
) |
|
(97,755 |
) |
|
(174,365 |
) |
|
(22,453 |
) |
|
Total operating expenses |
(264,235 |
) |
|
(647,366 |
) |
|
(83,361 |
) |
|
(460,697 |
) |
|
(1,137,188 |
) |
|
(146,436 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Others, net |
(4,693 |
) |
|
(25,874 |
) |
|
(3,332 |
) |
|
(8,362 |
) |
|
(19,593 |
) |
|
(2,523 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income tax expense |
264,834 |
|
|
624,787 |
|
|
80,454 |
|
|
437,425 |
|
|
1,902,687 |
|
|
245,007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
(28,260 |
) |
|
(90,896 |
) |
|
(11,705 |
) |
|
(45,775 |
) |
|
(206,497 |
) |
|
(26,591 |
) |
|
Share of loss from equity method investment |
(86 |
) |
|
- |
|
|
- |
|
|
(308 |
) |
|
- |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income |
236,488 |
|
|
533,891 |
|
|
68,749 |
|
|
391,342 |
|
|
1,696,190 |
|
|
218,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income
attributable to ordinary shareholders of the Company |
236,488 |
|
|
533,891 |
|
|
68,749 |
|
|
391,342 |
|
|
1,696,190 |
|
|
218,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share attributable to ordinary shareholders
of the Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
0.24 |
|
|
0.44 |
|
|
0.06 |
|
|
0.39 |
|
|
1.45 |
|
|
0.19 |
|
| Diluted |
0.23 |
|
|
0.43 |
|
|
0.06 |
|
|
0.39 |
|
|
1.42 |
|
|
0.18 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income per
ADS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
1.88 |
|
|
3.54 |
|
|
0.46 |
|
|
3.12 |
|
|
11.56 |
|
|
1.49 |
|
| Diluted |
1.86 |
|
|
3.47 |
|
|
0.45 |
|
|
3.09 |
|
|
11.36 |
|
|
1.46 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of ordinary shares used in
computing net income per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
1,003,926,477 |
|
|
1,208,284,930 |
|
|
1,208,284,930 |
|
|
1,003,789,053 |
|
|
1,173,661,489 |
|
|
1,173,661,489 |
|
| Diluted |
1,015,012,020 |
|
|
1,228,898,637 |
|
|
1,228,898,637 |
|
|
1,013,357,569 |
|
|
1,194,580,873 |
|
|
1,194,580,873 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income |
236,488 |
|
|
533,891 |
|
|
68,749 |
|
|
391,342 |
|
|
1,696,190 |
|
|
218,416 |
|
| Other comprehensive
income, net of Tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign currency translation
adjustment |
(114 |
) |
|
9,446 |
|
|
1,216 |
|
|
(4,296 |
) |
|
2,954 |
|
|
382 |
|
| Total comprehensive
income |
236,374 |
|
|
543,337 |
|
|
69,965 |
|
|
387,046 |
|
|
1,699,144 |
|
|
218,798 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FUTU HOLDINGS LIMITEDUNAUDITED
RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS(In
thousands) |
| |
| |
For the Three Months Ended |
|
For the Six Months Ended |
|
|
June 30,2020 |
|
June 30,2021 |
|
June 30,2021 |
|
June 30,2020 |
|
June 30,2021 |
|
June 30,2021 |
| |
HK$ |
|
HK$ |
|
US$ |
|
HK$ |
|
HK$ |
|
US$ |
| |
|
|
|
|
|
|
|
|
|
|
|
| Net income |
236,488 |
|
533,891 |
|
68,749 |
|
391,342 |
|
1,696,190 |
|
218,416 |
| Add: share-based compensation
expenses |
6,298 |
|
16,543 |
|
2,130 |
|
12,065 |
|
33,416 |
|
4,303 |
| Adjusted net income |
242,786 |
|
550,434 |
|
70,879 |
|
403,407 |
|
1,729,606 |
|
222,719 |
| |
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP to GAAP reconciling items have no income tax
effect.
Futu (NASDAQ:FUTU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Futu (NASDAQ:FUTU)
Historical Stock Chart
From Apr 2023 to Apr 2024
