UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16 OR 15d-16 UNDER
THE SECURITIES
EXCHANGE ACT OF 1934
For
the month of August 2024
Commission File Number: 001-38820
Futu Holdings Limited
34/F, United Centre
95 Queensway, Admiralty
Hong Kong S.A.R.,
People’s Republic of China
+852 2523-3588
(Address of principal
executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Exhibit Index
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
FUTU HOLDINGS LIMITED |
| |
|
|
| |
By: |
/s/ Leaf Hua Li |
| |
Name: |
Leaf Hua Li |
| |
Title: |
Chairman of the Board of Directors and Chief Executive Officer |
Date: August 20, 2024
Exhibit 99.1
Futu Announces Second Quarter 2024 Unaudited
Financial Results
HONG KONG, August 20, 2024 (GLOBE NEWSWIRE) -- 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.”
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.
“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 8.5bps.
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 Relations
Futu Holdings Limited
ir@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, | |
| | |
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$67,951 thousand as of December 31, 2023 and June 30, 2024, respectively) | |
| 32,528,421 | | |
| 42,788,600 | | |
| 5,479,887 | |
| Receivables: | |
| | | |
| | | |
| | |
| Clients | |
| 293,505 | | |
| 615,866 | | |
| 78,873 | |
| Brokers | |
| 5,189,155 | | |
| 7,901,932 | | |
| 1,011,991 | |
| Clearing organizations | |
| 4,244,793 | | |
| 2,455,974 | | |
| 314,534 | |
| Fund management companies and fund distributors | |
| 151,691 | | |
| 248,502 | | |
| 31,825 | |
| Interest | |
| 268,504 | | |
| 308,198 | | |
| 39,471 | |
| Prepaid assets | |
| 54,691 | | |
| 80,072 | | |
| 10,255 | |
| Other current assets | |
| 135,479 | | |
| 154,837 | | |
| 19,830 | |
| Total current assets | |
| 95,427,511 | | |
| 118,419,646 | | |
| 15,165,868 | |
| | |
| | | |
| | | |
| | |
| Operating lease right-of-use assets | |
| 224,092 | | |
| 260,768 | | |
| 33,396 | |
| Long-term investments | |
| 238,556 | | |
| 663,003 | | |
| 84,910 | |
| Loans and advances-non-current | |
| 18,934 | | |
| 18,917 | | |
| 2,423 | |
| Other non-current assets | |
| 1,226,754 | | |
| 1,523,353 | | |
| 195,094 | |
| Total non-current assets | |
| 1,708,336 | | |
| 2,466,041 | | |
| 315,823 | |
| Total assets | |
| 97,135,847 | | |
| 120,885,687 | | |
| 15,481,691 | |
FUTU HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Continued)
(In thousands, except for share and per share
data)
| | |
As of December 31, | | |
As of June 30, | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| 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 LIMITED
UNAUDITED
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 | |
FUTU HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF COMPREHENSIVE INCOME (Continued)
(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$ | |
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 LIMITED
UNAUDITED 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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