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4q20’s revenue is US $153 million, leading edge of US stock business expands and accelerates internationalization strategic layout From Futu

The following is the 4q20’s revenue is US $153 million, leading edge of US stock business expands and accelerates internationalization strategic layout From Futu recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy.

On March 16, 2021, futu Holdings( FUTU.US )Unveiling the unaudited financial report for the fourth quarter and the whole year of 2020:

Futu Q4’s total revenue was US $153 million (about HK $1.19 billion), a year-on-year growth of 282%, which has achieved a three digit year-on-year growth for four consecutive quarters. Non GAAP realized a net profit of US $71.31 million (about HK $550 million), a year-on-year increase of 1021%.

The number of customers with assets increased by 99000, of which Hong Kong and overseas customers accounted for more than half.

In the fourth quarter, the trading volume of futu’s U.S. stocks broke the $100 billion mark, reaching US $101.1 billion (about HK $783.6 billion), accounting for 65% of the total trading volume. The industry leading edge of the U.S. stock business continued to expand. During the period, futu won four new licenses and practiced the independent licensing strategy of global mainstream financial markets.

Based on its license advantages, futu actively promotes its internationalization strategy, officially enters the Singapore market in the first quarter of 2021, and deepens its layout in the US market.

As of Q4, the number of members of futu 10 billion new club (with a subscription amount of over HK $10 billion) has reached 22, and futu comfort’s position as the preferred Internet broker for us and Hong Kong stock listing has been further strengthened.

During the period, the asset management scale of elephant wealth broke through the 10 billion mark, and the high-quality improvement of asset management scale helped futu’s business model upgrade from transaction income driven to asset income driven.

Financial report of futu 2q20: revenue and net profit over 150% year on year growth futu: total revenue of 3q20 is US $122 million, net profit over 16 times year on year growth futu: 4q19 revenue is US $39.9 million, 36.8% year on year growth tiger Securities: 2q20 revenue is US $30.1 million, 121.8% year on year growth User and asset scale record the fastest growth in history Yiguan: special analysis of user behavior in China’s investment and financial management market in 2017 (attached with download) Cass: 10 ways for China’s shadow banking scale or accounting for 40% of GDP to make life savings float in 2012 Aurora Data Research Institute: Research Report on investment and financial management app (attached with download) Ipsos: investment and financial management report of middle and high end groups in 2015 Generally pessimistic about the form of investment and financial management: how are China’s “local tyrants” distributed and what do they rely on to get rich? CrunchBase: in 2018, Chinese start-ups have received $93.8 billion in investment. Energypolicy Tracker: G20 countries committed to invest $576.82 billion to support energy development. Wal Mart: revenue of $559.151 billion in fiscal 2021, net profit decreased by 9.8% year on year. Weilai Auto: 17353 new cars delivered by 4q20, up 112% year on year. Zoom: revenue of $880 million, net profit increased 16 times year on year

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