FutuAnnouncesThirdQuarter2023UnauditedFinancialResults November23,2023 HONGKONG,Nov.23,2023(GLOBENEWSWIRE)--FutuHoldingsLimited(“Futu”orthe“Company”)(Nasdaq:FUTU),aleadingtech-drivenonlinebrokerageandwealthmanagementplatform,todayannounceditsunauditedfinancialresultsforthethirdquarterendedSeptember30,2023. ThirdQuarter2023OperationalHighlights Totalnumberofpayingclients1increased14.2%year-over-yearto1,650,843asofSeptember30,2023.Totalnumberofregisteredclients2increased11.4%year-over-yearto3,490,292asofSeptember30,2023.Totalnumberofusers3increased10.1%year-over-yearto21.1millionasofSeptember30,2023. Totalclientassetsincreased26.6%year-over-yeartoHK$468.1billionasofSeptember30,2023. DailyaverageclientassetswereHK$480.6billioninthethirdquarterof2023,anincreaseof15.4%fromthesameperiodin2022. Totaltradingvolumeinthethirdquarterof2023increasedby0.5%year-over-yeartoHK$1.1trillion,inwhichtradingvolumeforU.S.stockswasHK$804.4billion,tradingvolumeforHongKongstockswasHK$272.5billion,andtradingvolumeforstocksundertheStockConnectwasHK$9.5billion. Dailyaveragerevenuetrades(DARTs)4inthethirdquarterof2023declined7.2%year-over-yearto416,005. Marginfinancingandsecuritieslendingbalanceincreased9.4%year-over-yeartoHK$32.4billionasofSeptember30,2023. Thirdquarter2023FinancialHighlights Totalrevenuesincreased36.2%year-over-yeartoHK$2,650.4million(US$338.5million).Totalgrossprofitincreased28.1%year-over-yeartoHK$2,213.0million(US$282.6million).Netincomeincreased44.6%year-over-yeartoHK$1,091.2million(US$139.3million). Non-GAAPadjustednetincome5increased43.7%year-over-yeartoHK$1,158.0million(US$147.9million). Mr.LeafHuaLi,Futu’sChairmanandChiefExecutiveOfficer,said,“Inthethirdquarter,weaddedapproximately65thousandpayingclients,bringingourtotalpayingclientstoover1.65million.Weacquiredmorethan163thousandpayingclientsinthefirstthreequartersofthisyear,alreadyexceedingourfull-yearguidancefor2023.” “InHongKong,weacquiredclientsthroughtargetedmarketingcampaignsaroundthegovernment’sgreenbondandsilverbondofferings.InlateJuly,weopenedourfirstofflinestoreinHongKongtoenhancebrandrecognition,assistwithaccountopening,andshowcaseproductfeatures.Theofflinestorehasbecomeanimportantavenueforustoattractandengagewitholderclients–thoseaged55andabovecontributedoverhalfofpayingclientsweacquiredthroughtheofflinestoreinthethirdquarter.InSingapore,payingclientgrowthremainedresilientasmoneymarketfundscontinuedtogaintractionamidthehighrateenvironment.IntheU.S.,newpayingclientquality,measuredbyaveragenetassetinflow,continuedtoedgeup.InSeptember,wekickedoffclientacquisitionintwointernationalmarkets,namelyJapanandCanada.Wewillcontinuetofocusonrefiningouraccountopening“goldenprocess,”expandingtradingproducts,anditeratingonmarketingmessagesduringtheearlyinningsofmarketlaunch.Despitebearishsentimentsacrossglobalequitymarkets,ourpayingclientretentionrateremainedabove98%duringthethirdquarter.” “Totalclientassetsincreasedby26.6%year-over-yeartoHK$468.1billion.Whilemark-to-marketlossesweighedonthevaluationofourclients’stockholdings,totalclientassetsremainedstablequarter-over-quarterduetorobustnetassetinflow.InSingapore,totalclientassetsrecordeddouble-digitsequentialgrowthforthefifthconsecutivequarter,bolsteredbystrongassetinflowintocashmanagementproducts.” “BoththeHongKongandU.S.equitymarketsrecordedstrongperformanceinJuly.Asaresult,totaltradingvolumeincreasedby13.6%sequentiallytoHK$1.1trillion.Client’selevatedtradinginterestsinleveragedandinverseETFsledHongKongstocktradingvolumetogrowby5.4%quarter-over-quartertoHK$272.5billion.HighertradingturnoveroftheMagnificentSevenstockssentU.S.stocktradingvolumeupby19.0%quarter-over-quartertoHK$804.4billion.” “Wecontinuedtoenrichproductofferingsacrossmarkets.InSingapore,welaunchedfractionalsharesforU.S.stocksandETFs,loweringtheinvestmentthresholdfornoviceinvestors.Weintroducedmulti-legoptionsrolloverstrategyinHongKongandtheU.S.toenhanceproductcapabilitiesforactiveoptionstraders.” “TotalclientassetsinwealthmanagementclimbedtoHK$52billion,up99.9%year-over-yearand19.3%quarter-over-quarter.Asofquarterend,client’sbondholdingsjumpedby86.8%sequentially,mainlyattributabletostrongdemandforU.S.treasurybills.InSingapore,wealthmanagementassetbalancegrewsix-foldyear-over-year,asmoreclientsturnedtothestablereturnsofmoneymarketfunds.TocatertothediversifiedinvestmentneedsofourclientsinSingapore,welaunchedstructurednotesandonboardedSingaporetreasurybills.” “Wehad391IPOdistributionandIRclientsasofquarterend,up29.9%year-over-year.Inthethirdquarter,weactedasjointbookrunnersofseveralhigh-profileHongKongIPOs,includingthoseofTUHUCar,4Paradigm,andKEEP.” Mr.ArthurYuChen,Futu’sChiefFinancialOfficer,added,“Forourlatestsharerepurchaseprogram,wehadrepurchasedanaggregateof11millionAmericanDepositaryShares(“ADSs”)withapproximatelyUS$365milliontotalrepurchasedamountinopenmarkettransactionsasofSeptember30,2023.” Thirdquarter2023FinancialResultsRevenues TotalrevenueswereHK$2,650.4million(US$338.5million),anincreaseof36.2%fromHK$1,945.6millioninthethirdquarterof2