China’s online brokerage and wealth management Futu Holdings Limited reported a revenue of $283.6 million or HK$2,204.6 million, up 349.4% in a SEC filing. The company said it added about 273,000 paying clients in the quarter, accounting for 39% of FY21 target.
As of the end of the quarter, Futu had 789,652 paying clients, a 231.0% year over year gain.
Registered clients rose 140.2% year over year to 1.957 million while the number of users jumped 69.7% year over year to 14.2 million.
Total clients’ assets surged 367.6% year over year to HK$462.2 billion while daily average clients were HK$384.7 billion, up 303.7% year over year.
Trading volume surged 277.5% year over year to reach HK$2.2 trillion, with U.S and Hong Kong stocks accounting for HK$1.4 trillion and HK$816.2 billion, respectively.
Daily average volume trades jumped 321.0% year over year to 902,533.
Futu disclosed a net income of HK$1,162.3 million or US$149.5 million, up 6.5 times year over year.
Futu Holdings stock is currently declining. FUTU: NASDAQ is down 0.048%.
