Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq:
FUTU), a leading tech-driven online brokerage and wealth
management platform, today announced its unaudited financial
results for the second quarter ended June 30, 2024.
Second Quarter 2024 Operational
Highlights
- Total number of paying
clients1 increased 28.8% year-over-year to 2,042,313 as of
June 30, 2024.
- Total number of registered
clients2 increased 19.1% year-over-year to 4,045,703 as of
June 30, 2024.
- Total number of
users3 increased 13.3% year-over-year to 23.3 million as
of June 30, 2024.
- Total client
assets increased 24.3% year-over-year to HK$579.3 billion
as of June 30, 2024.
- Daily average client
assets were HK$560.0 billion in the second quarter of
2024, an increase of 24.4% from the same period in 2023.
- Total trading volume in the
second quarter of 2024 increased by 69.0% year-over-year
to HK$1.62 trillion, in which trading volume for U.S. stocks was
HK$1.24 trillion, and trading volume for Hong Kong stocks was
HK$357.6 billion.
- Daily average revenue
trades (DARTs)4 in the second quarter of
2024 increased 67.4% year-over-year to 652,286.
- Margin financing and
securities lending balance increased 28.8% year-over-year
to HK$43.8 billion as of June 30, 2024.
Second Quarter 2024 Financial Highlights
- Total revenues increased 25.9% year-over-year
to HK$3,129.0 million (US$400.7 million).
- Total gross profit increased 21.1%
year-over-year to HK$2,554.7 million (US$327.2 million).
- Net income increased 8.0% year-over-year to
HK$1,209.3 million (US$154.9 million).
- Non-GAAP adjusted net income5 increased 8.6%
year-over-year to HK$1,296.2 million (US$166.0 million).
Mr. Leaf Hua Li, Futu’s Chairman and Chief
Executive Officer, said, “We ended the second quarter with over two
million paying clients, representing a 28.8% growth year-over-year
and 8.2% growth quarter-over-quarter. We added 155 thousand paying
clients in the second quarter, down 12.5% sequentially off of a
high base but up 167.8% year-over-year. In the first half of 2024,
we have achieved over 80% of our full-year new paying client
guidance. Given the strong year-to-date momentum, we would like to
raise our guidance again to 550 thousand new paying clients in
2024.”
“New paying clients in Hong Kong and Singapore
both recorded double-digit sequential growth amid market rebound,
collectively contributing to over one-third of paying client growth
in the second quarter. We recently launched cryptocurrency trading
in these two markets to help our clients diversify their assets.
The penetration of crypto in Hong Kong and Singapore has room for
growth compared to other markets, and we intend to drive adoption
with our competitive pricing and high brand trust. In Japan, new
paying clients grew by double-digit quarter-over-quarter as we
continued to strengthen product offerings, iterate on marketing
initiatives and increase our brand awareness. Malaysia still
contributed the most new paying clients among all markets in the
second quarter despite sequential deceleration.”
“Robust net asset inflow, coupled with favorable
mark-to-market impact on client holdings, boosted total client
assets to a record HK$579.3 billion, up 24.3% year-over-year and
11.9% quarter-over-quarter. As total net asset inflow recorded
robust sequential growth, we surpassed our full-year 2023 net asset
inflow only 6 months into the year. Total client assets in
Singapore achieved double-digit sequential growth for the eighth
consecutive quarter. In Malaysia, both total client assets and
average client assets logged rapid sequential increase. Our
clients’ higher risk appetite in the quarter led to more leveraged
positions. As a result, margin financing and securities lending
balance increased by 16.6% sequentially to an all-time high of
HK$43.8 billion.”
“Total trading volume was HK$1.62 trillion, up
69.0% year-over-year and 21.1% quarter-over-quarter. Trading
velocity of Hong Kong stocks rebounded sequentially amid a palpable
shift in market sentiment. As a result, Hong Kong stock trading
volume rose by 27.5% quarter-over-quarter to HK$357.6 billion.
Besides technology companies, clients also leaned into
high-dividend names. Led by the outperformance of AI-themed stocks
and meme-stock frenzy, U.S. trading volume increased by 19.2%
sequentially to HK$1.24 trillion, the second-highest in
history.”
“Total client assets in wealth management leaped
83.6% year-over-year and 24.8% quarter-over-quarter to HK$79.8
billion, accounting for 14% of total client assets. Money market
funds and U.S. treasury bills again drove the bulk of that
increase. As of quarter end, wealth management penetration among
paying clients crossed 25%.”
“We had 451 IPO distribution and IR clients, up
20.6% year-over-year. We underwrote seven of the ten largest Hong
Kong IPO listings in the first half of 2024.”
Second Quarter 2024 Financial Results
Revenues
Total revenues were HK$3,129.0 million (US$400.7
million), an increase of 25.9% from HK$2,484.9 million in the
second quarter of 2023.
Brokerage commission and handling charge income
was HK$1,376.3 million (US$176.3 million), an increase of 44.5%
from the second quarter of 2023. This was mainly due to the 69.0%
year-over-year increase in total trading volume, partially offset
by the decline in blended commission rate from 9.9 bps to 8.5
bps.
Interest income was HK$1,591.7 million (US$203.8
million), an increase of 13.2% from the second quarter of 2023. The
increase was mainly driven by higher margin financing income and
higher interest income from securities borrowing and lending
business.
Other income was HK$161.0 million (US$20.6
million), an increase of 27.2% from the second quarter of 2023. The
increase was primarily attributable to higher fund distribution
service income.
Costs
Total costs were HK$574.3 million (US$73.6
million), an increase of 53.4% from HK$374.5 million in the second
quarter of 2023.
Brokerage commission and handling charge
expenses were HK$87.2 million (US$11.2 million), an increase of
57.6% from the second quarter of 2023. This increase was mainly due
to the 69.0% year-over-year increase in total trading volume.
Interest expenses were HK$377.6 million (US$48.4
million), an increase of 71.3% from the second quarter of 2023. The
increase was primarily due to higher expenses associated with our
securities borrowing and lending business.
Processing and servicing costs were HK$109.4
million (US$14.0 million), an increase of 10.8% from the second
quarter of 2023. The increase was primarily due to higher cloud
service fees.
Gross Profit
Total gross profit was HK$2,554.7 million
(US$327.2 million), an increase of 21.1% from HK$2,110.4 million in
the second quarter of 2023. Gross margin was 81.6%, as compared to
84.9% in the second quarter of 2023.
Operating Expenses
Total operating expenses were HK$1,074.4 million
(US$137.6 million), an increase of 26.1% from HK$851.8 million in
the second quarter of 2023.
Research and development expenses were HK$373.9
million (US$47.9 million), an increase of 2.9% from the second
quarter of 2023. The increase was primarily due to an increase in
research and development headcount to support new markets.
Selling and marketing expenses were HK$338.3
million (US$43.3 million), an increase of 93.4% from HK$174.9
million in the second quarter of 2023. This was driven by a 167.8%
year-over-year increase in new paying clients, partially offset by
lower client acquisition costs.
General and administrative expenses were
HK$362.1 million (US$46.4 million), an increase of 15.5% from the
second quarter of 2023. The increase was primarily due to an
increase in general and administrative personnel.
Income from Operations
Income from operations increased by 17.6% to
HK$1,480.3 million (US$189.6 million) from HK$1,258.6 million in
the second quarter of 2023. Operating margin declined to 47.3% from
50.6% in the second quarter of 2023.
Net Income
Net income increased by 8.0% to HK$1,209.3
million (US$154.9 million) from HK$1,119.6 million in the second
quarter of 2023. Net income margin for the second quarter of 2024
declined to 38.6% from 45.1% in the year-ago quarter.
Non-GAAP adjusted net income increased by 8.6%
to HK$1,296.2 million (US$166.0 million) from the second quarter of
2023. 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$8.79 (US$1.13), compared with HK$8.07 in the second
quarter of 2023. Diluted net income per ADS was HK$8.66 (US$1.11),
compared with HK$7.99 in the second quarter of 2023. Each ADS
represents eight Class A ordinary shares.
Conference Call and Webcast
Futu's management will hold an earnings
conference call on Tuesday, August 20, 2024, 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
https://register.vevent.com/register/BI800b9bad2caa4efdb3a6e4d57f8dcfe2.
It will automatically lead to the registration
page of "Futu Holdings Ltd Second Quarter 2024 Earnings Conference
Call", where details for RSVP are needed.
Upon registering, all participants will be
provided in confirmation emails with participant dial-in numbers
and personal PINs to access the conference call. Please dial in 10
minutes prior to the call start time using the conference access
information.
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 fully digitalized financial services. Through its
proprietary digital platforms, Futubull and moomoo, the Company
provides a full range of investment services, including trade
execution and clearing, margin financing and securities lending,
and wealth management. The Company has 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. The Company also provides corporate services,
including IPO distribution, investor relations and ESOP solution
services.
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$7.8083 to US$1.00, the noon buying rate in effect on
June 28, 2024 in the H.10 statistical release of the Federal
Reserve Board. The Company makes no representation that the HK$ 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 collaborates 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
___________________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 with 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.
|
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, |
|
2023 |
|
2024 |
|
2024 |
|
HK$ |
|
HK$ |
|
US$ |
ASSETS |
|
|
|
|
|
Cash and cash equivalents |
4,937,538 |
|
9,378,747 |
|
1,201,125 |
Cash held on behalf of
clients |
44,369,310 |
|
51,181,840 |
|
6,554,799 |
Restricted cash |
1,232 |
|
1,202 |
|
154 |
Term deposit |
5,540 |
|
4,900 |
|
628 |
Short-term investments |
3,114,613 |
|
3,056,249 |
|
391,410 |
Securities purchased under
agreements to resell |
133,039 |
|
242,727 |
|
31,086 |
Loans and advances-current
(net of allowance of HK$45,949 thousand and HK$67,951 thousand as
of December 31, 2023 and June 30, 2024, respectively) |
32,528,421 |
|
42,788,600 |
|
5,479,887 |
Receivables: |
|
|
|
|
|
Clients |
293,505 |
|
615,866 |
|
78,873 |
Brokers |
5,189,155 |
|
7,901,932 |
|
1,011,991 |
Clearing organizations |
4,244,793 |
|
2,455,974 |
|
314,534 |
Fund management companies and fund distributors |
151,691 |
|
248,502 |
|
31,825 |
Interest |
268,504 |
|
308,198 |
|
39,471 |
Prepaid assets |
54,691 |
|
80,072 |
|
10,255 |
Other current assets |
135,479 |
|
154,837 |
|
19,830 |
Total current
assets |
95,427,511 |
|
118,419,646 |
|
15,165,868 |
|
|
|
|
|
|
Operating lease right-of-use
assets |
224,092 |
|
260,768 |
|
33,396 |
Long-term investments |
238,556 |
|
663,003 |
|
84,910 |
Loans and
advances-non-current |
18,934 |
|
18,917 |
|
2,423 |
Other non-current assets |
1,226,754 |
|
1,523,353 |
|
195,094 |
Total non-current
assets |
1,708,336 |
|
2,466,041 |
|
315,823 |
Total
assets |
97,135,847 |
|
120,885,687 |
|
15,481,691 |
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
Amounts due to related parties |
69,018 |
|
|
94,630 |
|
|
12,119 |
|
Payables: |
|
|
|
|
|
Clients |
48,762,263 |
|
|
53,191,185 |
|
|
6,812,134 |
|
Brokers |
15,648,286 |
|
|
30,303,720 |
|
|
3,880,963 |
|
Clearing organizations |
24,096 |
|
|
1,815,360 |
|
|
232,491 |
|
Fund management companies and fund distributors |
175,575 |
|
|
202,008 |
|
|
25,871 |
|
Interest |
44,109 |
|
|
60,274 |
|
|
7,719 |
|
Borrowings |
5,651,565 |
|
|
5,277,497 |
|
|
675,883 |
|
Securities sold under
agreements to repurchase |
- |
|
|
309,190 |
|
|
39,598 |
|
Lease liabilities-current |
114,682 |
|
|
131,279 |
|
|
16,813 |
|
Accrued expenses and other
current liabilities |
1,939,004 |
|
|
2,447,037 |
|
|
313,389 |
|
Total current
liabilities |
72,428,598 |
|
|
93,832,180 |
|
|
12,016,980 |
|
|
|
|
|
|
|
Lease
liabilities-non-current |
123,335 |
|
|
143,883 |
|
|
18,427 |
|
Other non-current
liabilities |
12,183 |
|
|
11,082 |
|
|
1,420 |
|
Total non-current
liabilities |
135,518 |
|
|
154,965 |
|
|
19,847 |
|
Total
liabilities |
72,564,116 |
|
|
93,987,145 |
|
|
12,036,827 |
|
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS’
EQUITY |
|
|
|
|
|
Class A ordinary shares |
71 |
|
|
71 |
|
|
9 |
|
Class B ordinary shares |
27 |
|
|
27 |
|
|
3 |
|
Additional paid-in
capital |
18,456,438 |
|
|
18,636,070 |
|
|
2,386,700 |
|
Treasury Stock |
(5,199,257 |
) |
|
(5,199,257 |
) |
|
(665,863 |
) |
Accumulated other
comprehensive loss |
(49,433 |
) |
|
(146,668 |
) |
|
(18,784 |
) |
Retained earnings |
11,360,890 |
|
|
13,611,218 |
|
|
1,743,173 |
|
Total shareholders'
equity |
24,568,736 |
|
|
26,901,461 |
|
|
3,445,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlling interest |
2,995 |
|
|
(2,919 |
) |
|
(374 |
) |
Total
equity |
24,571,731 |
|
|
26,898,542 |
|
|
3,444,864 |
|
Total liabilities and
equity |
97,135,847 |
|
|
120,885,687 |
|
|
15,481,691 |
|
|
|
|
|
|
|
|
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 30,2023 |
|
June 30,2024 |
|
June 30,2024 |
|
June 30,2023 |
|
June 30,2024 |
|
June 30,2024 |
|
HK$ |
|
HK$ |
|
US$ |
|
HK$ |
|
HK$ |
|
US$ |
Revenues |
|
|
|
|
|
|
|
|
|
|
|
Brokerage commission and handling charge income |
952,615 |
|
|
1,376,300 |
|
|
176,262 |
|
|
2,031,926 |
|
|
2,458,407 |
|
|
314,845 |
|
Interest income |
1,405,716 |
|
|
1,591,654 |
|
|
203,841 |
|
|
2,699,976 |
|
|
2,945,820 |
|
|
377,268 |
|
Other income |
126,557 |
|
|
161,032 |
|
|
20,623 |
|
|
252,839 |
|
|
317,218 |
|
|
40,626 |
|
Total
revenues |
2,484,888 |
|
|
3,128,986 |
|
|
400,726 |
|
|
4,984,741 |
|
|
5,721,445 |
|
|
732,739 |
|
Costs |
|
|
|
|
|
|
|
|
|
|
|
Brokerage commission and
handling charge expenses |
(55,341 |
) |
|
(87,238 |
) |
|
(11,173 |
) |
|
(127,587 |
) |
|
(147,539 |
) |
|
(18,895 |
) |
Interest expenses |
(220,386 |
) |
|
(377,625 |
) |
|
(48,362 |
) |
|
(351,226 |
) |
|
(690,467 |
) |
|
(88,427 |
) |
Processing and servicing
costs |
(98,807 |
) |
|
(109,436 |
) |
|
(14,015 |
) |
|
(186,531 |
) |
|
(206,539 |
) |
|
(26,451 |
) |
Total
costs |
(374,534 |
) |
|
(574,299 |
) |
|
(73,550 |
) |
|
(665,344 |
) |
|
(1,044,545 |
) |
|
(133,773 |
) |
Total gross
profit |
2,110,354 |
|
|
2,554,687 |
|
|
327,176 |
|
|
4,319,397 |
|
|
4,676,900 |
|
|
598,966 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses |
|
|
|
|
|
|
|
|
|
|
|
Research and development
expenses |
(363,348 |
) |
|
(373,943 |
) |
|
(47,890 |
) |
|
(718,247 |
) |
|
(709,430 |
) |
|
(90,856 |
) |
Selling and marketing
expenses |
(174,925 |
) |
|
(338,332 |
) |
|
(43,330 |
) |
|
(316,203 |
) |
|
(630,996 |
) |
|
(80,811 |
) |
General and administrative
expenses |
(313,518 |
) |
|
(362,105 |
) |
|
(46,375 |
) |
|
(621,411 |
) |
|
(663,440 |
) |
|
(84,966 |
) |
Total operating
expenses |
(851,791 |
) |
|
(1,074,380 |
) |
|
(137,595 |
) |
|
(1,655,861 |
) |
|
(2,003,866 |
) |
|
(256,633 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Income from
operations |
1,258,563 |
|
|
1,480,307 |
|
|
189,581 |
|
|
2,663,536 |
|
|
2,673,034 |
|
|
342,333 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Others, net |
74,693 |
|
|
(42,616 |
) |
|
(5,458 |
) |
|
66,961 |
|
|
(10,875 |
) |
|
(1,393 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Income before income
tax expense and share of loss from
equity method investments |
1,333,256 |
|
|
1,437,691 |
|
|
184,123 |
|
|
2,730,497 |
|
|
2,662,159 |
|
|
340,940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
(209,467 |
) |
|
(216,726 |
) |
|
(27,755 |
) |
|
(411,168 |
) |
|
(402,367 |
) |
|
(51,531 |
) |
Share of loss from equity
method investments |
(4,228 |
) |
|
(11,667 |
) |
|
(1,494 |
) |
|
(7,923 |
) |
|
(15,361 |
) |
|
(1,967 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net
income |
1,119,561 |
|
|
1,209,298 |
|
|
154,874 |
|
|
2,311,406 |
|
|
2,244,431 |
|
|
287,442 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable
to: |
|
|
|
|
|
|
|
|
|
|
|
Ordinary shareholders of the
Company |
1,119,741 |
|
|
1,212,190 |
|
|
155,244 |
|
|
2,311,784 |
|
|
2,250,328 |
|
|
288,197 |
|
Non-controlling interest |
(180 |
) |
|
(2,892 |
) |
|
(370 |
) |
|
(378 |
) |
|
(5,897 |
) |
|
(755 |
) |
|
1,119,561 |
|
|
1,209,298 |
|
|
154,874 |
|
|
2,311,406 |
|
|
2,244,431 |
|
|
287,442 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share
attributable to ordinary shareholders of the
Company |
|
|
|
|
|
|
|
|
|
|
|
Basic |
1.01 |
|
|
1.10 |
|
|
0.14 |
|
|
2.08 |
|
|
2.04 |
|
|
0.26 |
|
Diluted |
1.00 |
|
|
1.08 |
|
|
0.14 |
|
|
2.06 |
|
|
2.01 |
|
|
0.26 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per
ADS |
|
|
|
|
|
|
|
|
|
|
|
Basic |
8.07 |
|
|
8.79 |
|
|
1.13 |
|
|
16.61 |
|
|
16.32 |
|
|
2.09 |
|
Diluted |
7.99 |
|
|
8.66 |
|
|
1.11 |
|
|
16.44 |
|
|
16.11 |
|
|
2.06 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of ordinary shares used in computing net
income per share |
|
|
|
|
|
|
|
|
|
|
|
Basic |
1,110,112,831 |
|
|
1,103,489,111 |
|
|
1,103,489,111 |
|
|
1,113,421,781 |
|
|
1,103,209,443 |
|
|
1,103,209,443 |
|
Diluted |
1,120,734,239 |
|
|
1,119,409,062 |
|
|
1,119,409,062 |
|
|
1,124,704,502 |
|
|
1,117,436,747 |
|
|
1,117,436,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income |
1,119,561 |
|
|
1,209,298 |
|
|
154,874 |
|
|
2,311,406 |
|
|
2,244,431 |
|
|
287,442 |
|
Other comprehensive
income, net of tax |
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation
adjustment |
(169,876 |
) |
|
(67,811 |
) |
|
(8,684 |
) |
|
(58,441 |
) |
|
(97,252 |
) |
|
(12,455 |
) |
Total comprehensive
income |
949,685 |
|
|
1,141,487 |
|
|
146,190 |
|
|
2,252,965 |
|
|
2,147,179 |
|
|
274,987 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Attributable
to: |
|
|
|
|
|
|
|
|
|
|
|
Ordinary shareholders of the
Company |
949,869 |
|
|
1,144,361 |
|
|
146,557 |
|
|
2,253,344 |
|
|
2,153,093 |
|
|
275,744 |
|
Non-controlling interest |
(184 |
) |
|
(2,874 |
) |
|
(367 |
) |
|
(379 |
) |
|
(5,914 |
) |
|
(757 |
) |
|
949,685 |
|
|
1,141,487 |
|
|
146,190 |
|
|
2,252,965 |
|
|
2,147,179 |
|
|
274,987 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FUTU HOLDINGS LIMITEDUNAUDITED
RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS(In
thousands) |
|
|
For the Three Months Ended |
|
For the Six Months Ended |
|
June 30,2023 |
|
June 30,2024 |
|
June 30,2024 |
|
June 30,2023 |
|
June 30,2024 |
|
June 30,2024 |
|
HK$ |
|
HK$ |
|
US$ |
|
HK$ |
|
HK$ |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
Net
income |
1,119,561 |
|
1,209,298 |
|
154,874 |
|
2,311,406 |
|
2,244,431 |
|
287,442 |
Add: Share-based compensation
expenses |
73,832 |
|
86,855 |
|
11,123 |
|
149,942 |
|
172,793 |
|
22,129 |
Adjusted net
income |
1,193,393 |
|
1,296,153 |
|
165,997 |
|
2,461,348 |
|
2,417,224 |
|
309,571 |
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP to GAAP reconciling items have no income tax
effect.
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