Futu Holdings Ltd announced its performance for the second quarter of 2024: total revenue increased by 25.9% year-on-year, and the diversified strategy continued to advance.

In the second quarter, Futu's total revenue was 3.129 billion Hong Kong dollars (approximately 0.401 billion US dollars), a year-on-year increase of 25.9%. Under the Non-GAAP, the net profit was 1.296 billion Hong Kong dollars (approximately 0.166 billion US dollars), an 8.6% year-on-year increase. Classified by business, the second quarter of 2024 trading commission and fee income was 1.376 billion Hong Kong dollars (approximately 0.176 billion US dollars), a 44.5% year-on-year increase; interest income was 1.592 billion Hong Kong dollars (approximately 0.204 billion US dollars), a 13.2% year-on-year increase; other income (including wealth management, enterprise services business, etc.) was 0.161 billion Hong Kong dollars (approximately 20.62 million US dollars), a 27.2% year-on-year increase.

By the end of the second quarter, the registered users of Futubull and moomoo apps reached 23.26 million, a year-on-year increase of 13.3%; the number of new account-opening clients reached 4.046 million, a year-on-year increase of 19.1%; the total number of paying clients increased to 2.042 million, a year-on-year growth of 28.8%. The net increase in paying clients in the second quarter was 0.155 million, a high year-on-year increase of 167.8%. Client assets at the end of the period reached 579.3 billion Hong Kong dollars (approximately 74.19 billion US dollars), and the total client...

Futu has steadily developed in the Hong Kong market and solidified its industry position. The number of local users, paying clients, and market penetration rate continue to expand, with continuously increasing amounts of new client deposits. In addition, several overseas markets are showing strong growth momentum: during the period, the number of users in Singapore exceeded 1 million, the client assets at the end of the quarter maintained double-digit quarterly growth for eight consecutive quarters, doubling year-on-year; business in the USA and Australia steadily improved, with client assets at the end of the quarter also achieving double-digit quarterly growth; new markets such as Canada, Japan, and Malaysia all saw high double-digit quarterly growth in paying clients.

Leveraging the advantage of multi-asset trading capabilities on the platform and the overall stock market environment, trading activity on Futu experienced significant growth in this quarter. The Hong Kong and US stock markets showed strong momentum, with both global trading volume and Daily Average Revenue Trades (DARTs) reaching new highs for a single quarter in the past year, becoming a major driving force for the growth in the second quarter. At the same time, as a one-stop global financial service platform, Futu continues to advance its diversification strategy, launching new products and services in multiple markets during the period, continuously empowering global investors.