Fortune Holdings (NASDAQ:FUTU) $Futu Holdings Ltd (FUTU.US)$Release unaudited results for the third quarter of 2020:
Fortune's total revenue for the quarter was US $122 million (about HK $950 million), an increase of 272% over the same period last year and the third consecutive quarter of triple-digit growth compared with the same period last year. Gross profit was US $98.6 million (about HK $760 million), up 314% from a year earlier, while net profit under non-US General Accounting Standards (Non-GAAP) was US $52.6 million (about HK $410 million), a year-on-year increase of more than 1600%.
In the third quarter, Fortune ushered in a number of business milestones: the number of customers exceeded 1 million, the number of registered App users exceeded 10 million, and the transaction volume exceeded HK $1 trillion in a single quarter.
The trading volume of Futu Q3 US stocks reached US $72.8 billion, and more than 300 US and Hong Kong listed companies were stationed on the Futu Enterprise.
Enterprise service business continues to make efforts, during the period to help Xiaopeng Motor, Mingyuanyun, Shell and other well-known companies to land in the United States and Hong Kong stock market. As of Q3, the "Fortune 10 billion hit New Club" has reached 12 members and has become an outstanding partner of new economy companies listed on US stocks and Hong Kong stocks.
In the wealth management business, the average daily assets of Fortune Management reached a record high of US $1.05 billion (HK $8.15 billion) in the third quarter.