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Futu Announces Fourth Quarter and Full Year 2019 Unaudited Financial Results

HONG KONG, March 18, 2020 (GLOBE NEWSWIRE) -- Futu Holdings Limited (a??Futua?? or the a??Companya??) (NASDAQ: FUTU),A a leading tech-driven online brokerage and wealth management platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019.
Fourth Quarter and Full Year 2019 Operational Highlights

Total number of registered clients1 increased 42.9% year-over-year to 717,842 as of December 31, 2019.



Total number of paying clients2 increased 49.4% year-over-year to 198,382 as of December 31, 2019.



Total number of users3 increased 34.7% year-over-year to 7.5 million as of December 31, 2019.



Total client assets increased 71.1% year-over-year to HK$87.1 billion as of December 31, 2019.



Daily average client assets were HK$80.0 billion in the fourth quarter of 2019, an increase of 57.6% from the same period in 2018.



Total trading volume in the fourth quarter of 2019 decreased 1.8% year-over-year to HK$224.8 billion. Total trading volume in 2019 decreased 3.8% year-over-year to HK$872.7 billion.



Daily average revenue trades (DARTs)4in the fourth quarter of 2019 increased 4.5% year-over-year to 105,093. DARTsin 2019 increased 8.7% year-over-year to 105,511.



Margin financing and securities lending balance increased 52.2% year-over-year to HK$4.8 billion as of December 31, 2019.

Fourth Quarter 2019 Financial Highlights

Total revenues increased 36.8% year-over-year to HK$310.9 million (US$39.9 million).



Total gross profit increased 37.6% year-over-year to HK$224.1 million (US$28.8 million).



Net income increased 14.9% year-over-year to HK$43.9 million (US$5.6 million).



Non-GAAP adjusted net income5 increased 19.1% year-over-year to HK$49.3 million (US$6.3 million).

Full year 2019 Financial Highlights

Total revenues increased 30.9% year-over-year to HK$1,061.6 million (US$136.3 million).



Total gross profit increased 38.8% year-over-year to HK$779.9 million (US$100.1 million).



Net income increased 19.6% year-over-year to HK$165.7 million (US$21.3 million).



Non-GAAP adjusted net income5 increased 21.9% year-over-year to HK$181.6 million (US$23.3 million).

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