On March 16, 2021, $Futu Holdings Limited(FUTU.US)$, a leading tech-driven online brokerage and wealth management platform in China, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter and Full Year 2020 Operational Highlights
Total number of paying clients increased 160.5% year-over-year to 516,721 as of December 31, 2020.
Total number of registered clients increased 97.8% year-over-year to 1,419,734 as of December 31, 2020.
Total number of users increased 58.6% year-over-year to 11.9 million as of December 31, 2020.
Total client assets increased 227.3% year-over-year to HK$285.2 billion as of December 31, 2020.
Daily average client assets were HK$244.5 billion in the fourth quarter of 2020, an increase of 205.7% from the same period in 2019.
Total trading volume in the fourth quarter of 2020 increased 438.1% year-over-year to HK$1,210.0 billion, in which trading volume for US stocks was HK$783.6 billion, trading volume for Hong Kong stocks was HK$414.6 billion, and trading volume for stocks under the Stock Connect was HK$11.7 billion. Total trading volume in 2020 was HK$3,463.6 billion, representing a 296.9% growth year-over-year.
Daily average revenue trades (DARTs) in the fourth quarter of 2020 increased 339.9% year-over-year to 462,261. DARTs in 2020 increased 213.8% to 331,105.
Margin financing and securities lending balance increased 307.3% year-over-year to HK$19.5 billion as of December 31, 2020.
Fourth Quarter 2020 Financial Highlights
Total revenues increased 281.6% year-over-year to HK$1,186.4 million (US$153.0 million).
Total gross profit increased 321.4% year-over-year to HK$944.3 million (US$121.8 million).
Net income was up 11.1 times year-over-year to HK$532.5 million (US$68.7 million).
Non-GAAP adjusted net income was up 10.2 times year-over-year to HK$552.9 million (US$71.3 million).
Full year 2020 Financial Highlights
Total revenues increased 211.9% year-over-year to HK$3,310.8 million (US$427.0 million).
Total gross profit increased 235.3% year-over-year to HK$2,614.9 million (US$337.3 million).
Net income increased 699.9% year-over-year to HK$1,325.5 million (US$171.0 million).
Non-GAAP adjusted net income increased 651.1% year-over-year to HK$1,364.0 million (US$175.9 million).
Mr. Leaf Hua Li, Futu's Chairman and Chief Executive Officer, said, "We are excited to announce that the robust growth momentum of our operating and financial metrics continued into the fourth quarter of 2020."
"We added 98,632 paying clients on a net basis, more than half of whom were from Hong Kong and overseas. Organic growth continued to contribute over 50% of our new paying clients in the quarter. As of year-end, paying clients reached 516,721, representing 160.5% year-over-year growth. We exceeded our full-year paying client guidance by adding approximately 320,000 paying clients in 2020."
"Total client assets reached HK$285.2 billion as of December 31, 2020, representing 227.3% growth on a year-over-year basis and 41.9% growth on a quarter-over-quarter basis. In the fourth quarter, we continued to deliver a high paying client quarterly retention rate of 97.9%."
"Total trading volume was HK$1,210.0 billion in the fourth quarter, up 438.1% year-over-year and 19.2% quarter-over-quarter. 65% of our total trading volume in this quarter was contributed by US stock trading, which ballooned to HK$783.6 billion, underpinned by the robust US equities market performance. We also further expanded our trading product offerings by launching CME futures and A50 futures."
"Total client assets in Money Plus were HK$10.2 billion, up 68.5% year-over-year. We have established partnerships with 39 asset managers around the world which altogether hosted 39 live-streaming sessions on our Futubull platform in 2020 to conduct fund publicity and investor education. Over 42,000 clients, or 8.1% of our total paying client base, held wealth management positions as of year-end, offering significant room for further penetration."
"Futu I&E continues to be the go-to enterprise service partner. We had 105 IPO and IR clients as of year-end. In the fourth quarter, 10 IPOs recorded over HK$10 billion in subscription, respectively, on our Futubull platform, including the US IPOs of Miniso and Lufax, and the HK IPOs of Pop Mart and JD Health. We also added 33 ESOP clients in the quarter, bringing our total ESOP client number to 159."
Mr. Arthur Yu Chen, Futu's Chief Financial Officer, added, "In the fourth quarter, a leading global investment firm purchased approximately 50,000,000 Class A ordinary shares of the Company in the form of prepaid warrants for an aggregate purchase price of approximately US$260 million. As we further enhanced our capital base, we are able to support a larger margin financing balance, ramp up our marketing efforts in international markets, and further invest into our technology infrastructure."
2021年3月16日，$富途控股(FUTU美国)$中国是一家领先的科技驱动的在线经纪和财富管理平台，该公司公布了截至2020年12月31日的第四季度和全年未经审计的财务业绩。
2020年第四季度和全年运营要点
付费客户总数截至2020年12月31日，同比增长160.5，达到516,721人。
注册客户端总数截至2020年12月31日，同比增长97.8%，达到1,419,734人。
用户总数截至2020年12月31日，同比增长58.6%，达到1190万。
客户总资产截至2020年12月31日，同比增长227.3，至2,852亿港元。
客户日均资产2020年第四季度为2,445亿港元，较2019年同期增长205.7。
2020年第四季度总交易量按年增长438.1%至12,100亿港元，其中美国股票成交额为7,836亿港元，港股成交量为4,146亿港元，而沪港通股票成交量为117亿港元。2020年的总交易额为港币34,636亿元，按年增长296.9%。
2020年第四季度的日均收入交易(DART)同比增长339.9%，达到462,261人。2020年的DART数量增长了213.8%，达到331,105个。
保证金融资和证券借贷余额截至2020年12月31日，同比增长307.3，至195亿港元。
2020年第四季度财务亮点
总收入增加同比增长281.6，至11.864亿港元(1.53亿美元)。
毛利总额同比增长321.4，至9.443亿港元(1.218亿美元)。
净收入同比增长11.1倍，至5.325亿港元(合6870万美元)。
非公认会计准则调整后净收益同比增长10.2倍，至5.529亿港元(合7130万美元)。
2020年全年财务亮点
总收入增加同比增长211.9，至港币三十三亿一千零八百万元(四亿二千七百万元)。
毛利润总额增长同比增长235.3，至港币二十六亿一千四百九十万元(三亿三千七百三十万美元)。
净收入同比增长699.9，至13.255亿港元(1.71亿美元)。
非GAAP调整后净收入增加同比增长651.1，至13.64亿港元(1.759亿美元)。
富途董事长兼首席执行官Leaf李华先生表示：“我们很高兴地宣布，我们的运营和财务指标的强劲增长势头一直持续到2020年第四季度。”
“我们净增了98,632名付费客户，其中一半以上来自香港和海外。有机增长在本季度继续贡献了超过50%的新付费客户。截至年底，付费客户达到516,721人，同比增长160.5。2020年，我们超过了我们的全年付费客户指引，增加了约320,000名付费客户。”
“截至2020年12月31日，客户总资产达2,852亿港元，按年增长227.3%，按季增长41.9%。在第四季度，我们继续提供高薪酬客户的季度保留率达97.9%。”
“第四季的总成交量为12,100亿港元，按年上升438.1%，按季上升19.2%。在美国股市表现强劲的支持下，美国股票交易额占本集团第四季总成交量的65%，上升至7,836亿港元。我们亦推出芝加哥商品交易所期货及A50期货，进一步扩展我们的交易产品。”
Money Plus的客户总资产为102亿港元，同比增长68.5%。我们与全球39家资产管理公司建立了合作伙伴关系，2020年在我们的富途牛牛平台上总共举办了39场直播会议，进行基金宣传和投资者教育。截至年底，超过42,000名客户拥有财富管理职位，占我们付费客户总数的8.1%，这为进一步渗透提供了巨大的空间。
富途进出口继续成为首选的企业服务合作伙伴。截至年底，我们拥有105家首次公开募股和投资者关系客户。第四季度，我们富途牛牛平台上有10家新股认购金额分别超过100亿港元，其中包括名创优品和陆金所控股在美国的新股，以及POP MART和京东健康的香港新股。本季度我们还增加了33家员工持股客户，使我们的员工持股客户总数达到159家。
富途首席财务官Arthur Yu先生补充说：“第四季度，一家全球领先的投资公司以预付权证的形式购买了约5,000万股本公司A类普通股，总购买价格约为2.6亿美元。随着我们资本基础的进一步增强，我们能够支持更大的保证金融资余额，加大在国际市场的营销力度，并进一步投资于我们的技术基础设施。”
