$Futu Holdings Limited(FUTU.US)$, a leading tech-driven online brokerage and wealth management platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2020.
Third Quarter 2020 Operational Highlights
Total number of paying clients increased 136.5% year-over-year to 418,089.
Total number of registered clients increased 79.7% year-over-year to 1,173,242.
Total number of users increased 52.2% year-over-year to 10.4 million.
Total client assets increased 177.8% year-over-year to HK$200.9 billion.
Daily average client assets were HK$180.3 billion in the third quarter of 2020, an increase of 152.0% from the same period in 2019.
Total trading volume increased 381.1% year-over-year to HK$1,014.7 billion, in which trading volume for US stocks was HK$564.5 billion, trading volume for Hong Kong stocks was HK$436.2 billion, and trading volume for stocks under the Stock Connect was HK$14.0 billion.
Daily average revenue trades (DARTs)increased 273.1% year-over-year to 379,008.
Margin financing and securities lending balance increased 171.3% year-over-year to HK$12.6 billion.
Third Quarter 2020 Financial Highlights
Total revenues increased 272.1% year-over-year to HK$946.2 million (US$122.1 million).
Total gross profit increased 314.1% year-over-year to HK$764.1 million (US$98.6 million).
Net income was up 18 times year-over-year to HK$401.7 million (US$51.8 million).
Non-GAAP adjusted net income was up 16 times year-over-year to HK$407.7 million (US$52.6 million).
Source: Offical website
Editor: Tommy