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$260 million. As we further enhanced our capital base, we are able to support a larger margin financing balance, ramp up our marketing efforts in international markets, and further invest into our technology infrastructure."
香港，2021年3月16日(環球通訊社)-中國領先的科技驅動的在線經紀和財富管理平台$富途控股有限公司(FUTU.US)$今天公佈了截至2020年12月31日的第四季度和全年未經審計的財務業績。
2020年第四季度和全年運營要點
截至2020年12月31日，付費客户總數1同比增長160.5%，達到516,721人。
截至2020年12月31日，註冊客户總數2同比增長97.8%，達到1,419,734人。
截至2020年12月31日，用户總數3同比增長58.6%，達到1190萬。
截至2020年12月31日，客户總資產同比增長227.3，至2,852億港元。--2020年第四季度日均客户資產為2,445億港元，較2019年同期增長205.7。
2020年第四季度總成交量同比增長438.1至12,100億港元，其中美股成交額7,836億港元，港股成交額4,146億港元，滬港通股票成交額117億港元。2020年的總交易額為34636億港元，同比增長296.9%。
2020年第四季度，日均收入交易(DART)4同比增長339.9%，達到462,261筆。2020年的DART數量增長了213.8%，達到331,105個。
截至2020年12月31日，保證金融資和證券借貸餘額同比增長307.3，至195億港元。
2020年第四季度財務亮點
總收入同比增長281.6%至11.864億港元(1.53億美元)。
總毛利同比增長321.4%，至9.443億港元(合1.218億美元)。
淨利潤同比增長11.1倍，至5.325億港元(合6870萬美元)。
非公認會計準則調整後的淨收入同比增長10.2倍，達到5.529億港元(合7130萬美元)。
2020年全年財務亮點
總收入同比增長211.9%至33.108億港元(4.27億美元)。
毛利總額同比增長235.3%至26.149億港元(3.373億美元)。--淨收入同比增長699.9%，達到13.255億港元(合1.71億美元)。
非公認會計準則調整後淨收益同比增長651.1%，至13.64億港元(1.759億美元)。
富途董事長兼首席執行官李華先生表示：“我們很高興地宣佈，我們的運營和財務指標的強勁增長勢頭持續到2020年第四季度。”
“我們淨增了98,632名付費客户，其中一半以上來自香港和海外。本季度，有機增長繼續貢獻了超過50%的新付費客户。截至年底，付費客户達到516,721人，同比增長160.5%。2020年，我們超過了全年付費客户指引，增加了大約320,000名付費客户。”
“截至2020年12月31日，客户總資產達2,852億港元，按年增長227.3%，按季增長41.9%。在第四季度，我們繼續提供97.9%的高薪酬客户季度保留率。”
“第四季總成交量為12,100億港元，按年上升438.1%，按季上升19.2%。本季度總成交量有65%來自美國股票交易，在美國股市表現強勁的支持下，美國股票交易額激增至7,836億港元。我們亦推出芝加哥商品交易所期貨及A50期貨，進一步擴大我們的交易產品供應。”
“Money Plus的客户總資產為102億港元，同比增長68.5%。我們已經與全球39家資產管理公司建立了合作伙伴關係，他們在2020年總共在我們的Futubull平台上舉辦了39場直播會議，進行基金宣傳和投資者教育。截至年底，超過4.2萬名客户，佔我們付費客户總數的8.1%，擁有財富管理職位，這為進一步滲透提供了巨大的空間。”
“富途進出口繼續是首選的企業服務合作夥伴。截至年底，我們擁有105個IPO和IR客户。第四季度，我們的Futubull平台上有10個IPO分別錄得超過100億港元的認購，包括MINISO和Lufax的美國IPO，以及Pop Mart和JD Health的香港IPO。我們在本季度還增加了33個ESOP客户，使我們的ESOP客户總數達到159個。”
富途首席財務官陳亞瑟先生補充説：“在第四季度，一家領先的全球投資公司以預付認股權證的形式購買了大約5000萬股本公司的A類普通股，總購買價約為2.6億美元。隨着我們進一步增強資本基礎，我們能夠支持更大的保證金融資餘額，加強我們在國際市場的營銷努力，並進一步投資於我們的技術基礎設施。”
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