Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ:
FHL), a leading tech-driven online brokerage platform in
China, today announced its unaudited financial results for the
second quarter ended June 30, 2019.
Second Quarter 2019 Operational Highlights
- Total number of registered clients1 increased
64.7% year-over-year to 614,504
- Total number of paying clients2 increased
50.5% year-over-year to 164,717
- Total number of users3 increased 26.5%
year-over-year to 6.1 million
- Total client assets increased 22.9%
year-over-year to HK$68.3 billion
- Daily average client assets increased 20.9%
year-over-year to HK$65.4 billion
- Total trading volume decreased 1.8%
year-over-year to HK$213.1 billion
- Daily average revenue trades (DARTs)4
increased 17.3% year-over-year to 108,625
- Margin financing and securities lending
balance was HK$4.1 billion, a decrease of 0.9% from June
30, 2018 and an increase of 7.0% from March 31, 2019
- Daily average margin financing and securities lending
balance reached HK$4.1 billion, an increase of 1.0% from
the same period in 2018 and an increase of 19.5% from the first
quarter of 2019
Second Quarter 2019 Financial Highlights
- Total revenues increased 39.6% year-over-year
to HK$259.9 million (US$33.3 million)
- Total gross profit increased 55.9%
year-over-year to HK$196.1 million (US$25.1 million)
- Net income increased 128.5% year-over-year to
HK$55.3 million (US$7.1 million)
- Non-GAAP adjusted net income5 increased 121.7%
year-over-year to HK$59.2 million (US$7.6 million)
___________________________________________1 The
number of registered clients refers to the number of users who open
one or more trading accounts on Futu’s platform.2 The number of
paying clients refers to the number of the clients with assets in
their trading accounts on Futu’s platform.3 The number of users
refers to the number of user accounts registered with our Futu
NiuNiu applications or websites.4 The number of Daily Average
Revenue Trades (DARTs) refers to the number of average trades per
day that generate commissions or fees.5 Non-GAAP adjusted net
income is defined as net income excluding share-based compensation
expenses.
“We are pleased to report solid performance in
the second quarter of 2019, despite ongoing market volatility,”
said Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer.
“Our superior technology infrastructure has always been a major
source of our competitive advantage. In June, we became the first
Chinese broker to offer full market-depth for US option quotes,
with quote refresh rates that are much faster than our peers in the
region. Our technological capabilities continue to redefine
traditional investing for individual investors who we believe
deserve a best-in-class trading experience.”
“Our growth outside of mainland China remains
strong. In the second quarter of 2019, the number of paying clients
in Hong Kong rose 115% year-over-year as we continue to enhance our
brand awareness and our new wealth management products gain
traction in the region. In May, we officially launched Money Plus,
a money market mutual fund distribution platform, in Hong Kong,
which marks our initial foray into the wealth management business.
Since the end of the second quarter, we have already started to
offer a number of fixed income and equity funds, and we plan to
distribute more financial products on our platform in the quarters
to come.”
“In May, we launched our new enterprise service
brand, I&E, to integrate our IPO subscription and ESOP solution
services. As of June 30, 2019, we had 39 ESOP clients, and among
the 11 new additions in the second quarter were Douyu, the
recently-IPO’d game-streaming business, and a number of other
leading Chinese new economy companies. We continue to see good
synergies between our retail business and enterprise service
business, which serves as an important client acquisition
channel.”
Mr. Arthur Yu Chen, Futu’s Chief Financial
Officer, said, “We were able to maintain our strong growth momentum
in the second quarter. The total number of paying clients increased
50.5% year-over-year to over 164 thousand. We think it is
particularly encouraging that as our paying clients continued to
grow, our quarterly client retention rate also reached a stunning
98.1%, which is a new high since 2018.”
“Overall, our revenue and gross profit reached
HK$259.9 million and HK$196.1 million, representing increases of
39.6% and 55.9%, respectively, from the same period in 2018. As we
scale our business, our gross margin also rose to 75.5% from 67.6%
in the second quarter of 2018. We will continue to invest in
technology to sustain our competitive advantages and market our
business as we expand globally. We remain confident in our ability
to solidify our leading position in the market.”
Second Quarter 2019 Financial Results
Revenues
Total revenues were HK$259.9 million (US$33.3
million), an increase of 39.6% from HK$186.2 million in the second
quarter of 2018.
Brokerage commission and handling charge income
was HK$122.3 million (US$15.7 million), an increase of 35.7% from
HK$90.1 million in the second quarter of 2018. The increase was
mainly attributable to a rise in trading volume in the U.S. market
as well as the growth in effective fee rates.
Interest income was HK$113.9 million (US$14.6
million), an increase of 30.8% from HK$87.1 million in the second
quarter of 2018. The rise was primarily due to 1) the increase in
the balance of client deposits and the improved return on the
balance due to enhanced capital management and higher benchmark
interest rates in the U.S. and Hong Kong; 2) the growth of the
Company’s U.S. margin financing business.
Other income was HK$23.6 million (US$3.0
million), an increase of 159.3% from HK$9.1 million in the second
quarter of 2018. The rise was primarily due to the increase of
underwriting fee income and enterprise public relations service
charge income.
Costs
Total costs were HK$63.8 million (US$8.2
million), an increase of 5.6% from HK$60.4 million in the second
quarter of 2018.
Brokerage commission and handling charge
expenses were HK$24.3 million (US$3.1 million), an increase of
20.9% from HK$20.1 million in the second quarter of 2018. The rise
was primarily due to the increase in trading volume, which was in
line with the Company’s brokerage commission income.
Interest expenses were HK$18.8 million (US$2.4
million), a decrease of 21.3% from HK$23.9 million in the same
period of 2018. The decrease was primarily because the Company had
fully repaid funds borrowed from other parties by the end of the
first quarter of 2019.
Processing and servicing costs were HK$20.7
million (US$2.6 million), an increase of 25.5% from HK$16.5 million
in the second quarter of 2018. The rise was primarily due to the
increase in both market information and data fees and cloud service
fees as the Company continued to expand market data service and
enhance infrastructure.
Gross Profit
Total gross profit was HK$196.1 million (US$25.1
million), an increase of 55.9% from HK$125.8 million in the second
quarter of 2018.
Gross margin was 75.5%, compared with 67.6% in
the second quarter of 2018. The rise was primarily due to greater
operating leverage as a result of the Company’s larger scale and
improved operating efficiency.
Operating Expenses
Total operating expenses were HK$144.9 million
(US$18.6 million), an increase of 66.6% from HK$87.0 million in the
second quarter of 2018.
Research and development expenses were HK$63.7
million (US$8.2 million), an increase of 82.5% from HK$34.9 million
in the second quarter of 2018. The rise was primarily due to the
continued increase in research and development headcount to support
the Company’s business growth.
Selling and marketing expenses were HK$42.3
million (US$5.4 million), an increase of 45.9% from HK$29.0 million
in the second quarter of 2018. The rise was primarily due to higher
branding and marketing spending in the second quarter of 2019.
General and administrative expenses were HK$38.9
million (US$5.0 million), an increase of 67.7% from HK$23.2 million
in the second quarter of 2018. The rise was primarily due to an
increase in headcount for general and administrative personnel.
Net Income
Net income increased by 128.5% to HK$55.3
million (US$7.1 million) from HK$24.2 million in the second quarter
of 2018. The rise was primarily due to strong topline growth and
local tax rebates in relation to prior R&D expenses.
Non-GAAP adjusted net income increased 121.7% to
HK$59.2 million (US$7.6 million) from HK$26.7 million in the
corresponding period of 2018. Non-GAAP adjusted net income is
defined as net income excluding share-based compensation expenses.
For further information, see "Use of Non-GAAP Financial Measures"
at the bottom of this press release.
Net Income per ADS
Basic net income per American Depositary Share
(“ADS”) was HK$0.50 (US$0.06), compared with HK$0.08 in the second
quarter of 2018. Diluted net income per ADS was HK$0.44 (US$0.06),
compared with HK$0.08 in the second quarter of 2018. The rise was
primarily due to higher net income and the conversion of preferred
shares to ordinary shares. Each ADS represents eight Class A
ordinary shares.
Conference Call and Webcast
Futu's management will hold an earnings
conference call on Monday, Aug 26, 2019, at 8:00 AM U.S. Eastern
Time (8:00 PM on the same day, Beijing/Hong Kong Time). Dial-in
details for the earnings conference call are as follows:
International: +65-6713-5090China:
800-819-0121US: +1-845-675-0437Hong Kong: +852-3018-6771 Passcode:
Futu
A telephone replay will be available after the
conclusion of the conference call through 9:59 AM U.S. Eastern
Time, Sep 3, 2019. The dial-in details are:
International: +61-2-8199-0299US:
+1-646-254-3697Passcode: 5267959
Additionally, a live and archived webcast of
this conference call will be available at
https://ir.futuholdings.com/.
About Futu Holdings
Limited
Futu Holdings Limited (Nasdaq: FHL) is an
advanced technology company transforming the investing experience
by offering a fully digitized brokerage platform. The Company
primarily serves the emerging affluent Chinese population, pursuing
a massive opportunity to facilitate a once-in-a-generation shift in
the wealth management industry and build a digital gateway into
broader financial services. The Company provides investing services
through its proprietary digital platform, Futu NiuNiu, a highly
integrated application accessible through any mobile device, tablet
or desktop. The Company’s primary fee-generating services include
trade execution and margin financing which allow its clients to
trade securities, such as stocks, warrants, options and
exchange-traded funds, or ETFs, across different markets. Futu
enhances the user and client experience with market data and news,
research, as well as powerful analytical tools, providing them with
a data rich foundation to simplify the investing decision-making
process. Futu has also embedded social media tools to create a
network centered around its users and provide connectivity to
users, investors, companies, analysts, media and key opinion
leaders.
Use of Non-GAAP Financial Measures
In evaluating the business, the Company
considers and uses non-GAAP adjusted net income, a non-GAAP
measure, as a supplemental measure to review and assess its
operating performance. The presentation of the non-GAAP financial
measure is not intended to be considered in isolation or as a
substitute for the financial information prepared and presented in
accordance with U.S. GAAP. The Company defines non-GAAP adjusted
net income as net income excluding share-based compensation
expenses. The Company presents the non-GAAP financial measure
because it is used by the management to evaluate the operating
performance and formulate business plans. Non-GAAP adjusted net
income enables the management to assess the Company's operating
results without considering the impact of share-based compensation
expenses, which are non-cash charges. The Company also believes
that the use of the non-GAAP measure facilitates investors'
assessment of its operating performance.
Non-GAAP adjusted net income is not defined
under U.S. GAAP and is not presented in accordance with U.S. GAAP.
This non-GAAP financial measure has limitations as analytical
tools. One of the key limitations of using non-GAAP adjusted net
income is that it does not reflect all items of expense that affect
the Company's operations. Share-based compensation expenses have
been and may continue to be incurred in the business and is not
reflected in the presentation of non-GAAP adjusted net income.
Further, the non-GAAP measure may differ from the non-GAAP
information used by other companies, including peer companies, and
therefore their comparability may be limited.
The Company compensates for these limitations by
reconciling the non-GAAP financial measure to the nearest U.S. GAAP
performance measure, all of which should be considered when
evaluating the Company's performance.
For more information on this non-GAAP financial measure, please
see the table captioned "Unaudited Reconciliations of Non-GAAP and
GAAP Results" set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of
certain HK dollars (“HK$”) amounts into U.S. dollars ("US$") at
specified rates solely for the convenience of the reader. Unless
otherwise stated, all translations from HK$ to US$ were made at the
rate of HK$7.8103 to US$1.00, the noon buying rate in effect on
June 30, 2019 in the H.10 statistical release of the Federal
Reserve Board. The Company makes no representation that the HK$ or
US$ amounts referred could be converted into US$ or HK$, as the
case may be, at any particular rate or at all.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the "safe harbor"
provisions of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Among other things, the expectation of its collection
efficiency and delinquency, contain forward-looking statements.
Futu may also make written or oral forward-looking statements in
its periodic reports to the SEC, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about Futu's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Futu's goal and strategies; Futu's expansion plans;
Futu's future business development, financial condition and results
of operations; Futu's expectations regarding demand for, and market
acceptance of, its credit products; Futu's expectations regarding
keeping and strengthening its relationships with borrowers,
institutional funding partners, merchandise suppliers and other
parties it collaborate with; general economic and business
conditions; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in Futu's filings with the SEC. All information provided
in this press release and in the attachments is as of the date of
this press release, and Futu does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For investor and media inquiries, please
contact:
In China:Futu Holdings LimitedE-mail: ir@futuholdings.com
In the United States:Tip FlemingChristensenTel: +1 (917)
412 3333E-mail: tfleming@christensenir.com
FUTU HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE
SHEETS
(In thousands, except for share and per
share data)
|
As of December
31 |
|
As of June
30 |
|
2018 |
|
2019 |
|
2019 |
|
HK$ |
|
HK$ |
|
US$ |
ASSETS |
|
|
|
|
|
Cash and cash equivalents |
215,617 |
|
496,761 |
|
63,603 |
Cash held on behalf of
clients |
11,771,487 |
|
11,459,035 |
|
1,467,170 |
Available-for-sale financial
securities |
59,348 |
|
48,883 |
|
6,259 |
Equity method investment |
- |
|
6,360 |
|
814 |
Loans and advances |
3,086,904 |
|
3,772,474 |
|
483,013 |
Receivables: |
|
|
|
|
|
Clients |
120,256 |
|
162,869 |
|
20,853 |
Brokers |
425,849 |
|
564,690 |
|
72,301 |
Clearing organization |
175,955 |
|
139,225 |
|
17,826 |
Interest |
49,427 |
|
37,788 |
|
4,838 |
Prepaid assets |
8,810 |
|
8,273 |
|
1,059 |
Other assets |
149,279 |
|
184,888 |
|
23,672 |
Total
assets |
16,062,932 |
|
16,881,246 |
|
2,161,408 |
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
Amounts due to related
parties |
8,591 |
|
10,617 |
|
1,359 |
Payables: |
|
|
|
|
|
Clients |
12,304,717 |
|
12,155,631 |
|
1,556,359 |
Brokers |
920,871 |
|
1,264,352 |
|
161,883 |
Clearing organization |
- |
|
- |
|
- |
Interest |
2,405 |
|
4,336 |
|
555 |
Borrowings |
1,576,251 |
|
811,497 |
|
103,901 |
Accrued expenses and other
liabilities |
149,818 |
|
171,274 |
|
21,929 |
Total
liabilities |
14,962,653 |
|
14,417,707 |
|
1,845,986 |
|
|
|
|
|
|
FUTU HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE
SHEETS (Continued)
(In thousands, except for share and per
share data)
|
As of December
31 |
|
As of June 30 |
|
2018 |
|
2019 |
|
2019 |
|
HK$ |
|
HK$ |
|
US$ |
MEZZANINE
EQUITY |
|
|
|
|
|
Series A convertible redeemable preferred shares |
68,072 |
|
|
- |
|
|
- |
|
Series A-1 convertible
redeemable preferred shares |
14,587 |
|
|
- |
|
|
- |
|
Series B convertible
redeemable preferred shares |
282,627 |
|
|
- |
|
|
- |
|
Series C convertible
redeemable preferred shares |
777,835 |
|
|
- |
|
|
- |
|
Series C-1 convertible
redeemable preferred shares |
107,351 |
|
|
- |
|
|
- |
|
Total mezzanine
equity |
1,250,472 |
|
|
- |
|
|
- |
|
|
|
|
|
|
|
SHAREHOLDERS’(DEFICIT)/EQUITY |
|
|
|
|
|
Pre-IPO ordinary shares |
31 |
|
|
- |
|
|
- |
|
Class A ordinary shares |
- |
|
|
28 |
|
|
4 |
|
Class B ordinary shares |
- |
|
|
42 |
|
|
5 |
|
Additional paid-in
capital |
- |
|
|
2,517,345 |
|
|
322,311 |
|
Accumulated other
comprehensive loss |
(1,299 |
) |
|
(5,822 |
) |
|
(745 |
) |
Accumulated deficit |
(148,925 |
) |
|
(48,054 |
) |
|
(6,153 |
) |
Total shareholders'
(deficit)/equity |
(150,193 |
) |
|
2,463,539 |
|
|
315,422 |
|
Total
liabilities, mezzanine equity and
shareholders' (deficit)/equity |
16,062,932 |
|
|
16,881,246 |
|
|
2,161,408 |
|
|
|
|
|
|
|
FUTU HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF COMPREHENSIVE INCOME
(In thousands, except for share and per
share data)
|
For the Three Months Ended |
|
For the Six Months Ended |
|
June
30,2018 |
|
June
30,2019 |
|
June
30,2019 |
|
June
30,2018 |
|
June
30,2019 |
|
June
30,2019 |
|
HK$ |
|
HK$ |
|
US$ |
|
HK$ |
|
HK$ |
|
US$ |
Revenues |
|
|
|
|
|
|
|
|
|
|
|
Brokerage commission and handling charge income |
90,051 |
|
|
122,342 |
|
|
15,664 |
|
|
184,823 |
|
|
236,981 |
|
|
30,342 |
|
Interest income |
87,080 |
|
|
113,868 |
|
|
14,579 |
|
|
153,732 |
|
|
221,741 |
|
|
28,391 |
|
Other income |
9,101 |
|
|
23,644 |
|
|
3,027 |
|
|
20,086 |
|
|
37,581 |
|
|
4,812 |
|
Total
revenues |
186,232 |
|
|
259,854 |
|
|
33,270 |
|
|
358,641 |
|
|
496,303 |
|
|
63,545 |
|
Costs |
|
|
|
|
|
|
|
|
|
|
|
Brokerage commission and
handling charge expenses |
(20,060 |
) |
|
(24,313 |
) |
|
(3,113 |
) |
|
(39,424 |
) |
|
(45,236 |
) |
|
(5,792 |
) |
Interest expenses |
(23,861 |
) |
|
(18,784 |
) |
|
(2,405 |
) |
|
(41,141 |
) |
|
(39,209 |
) |
|
(5,020 |
) |
Processing and servicing
costs |
(16,485 |
) |
|
(20,687 |
) |
|
(2,649 |
) |
|
(32,174 |
) |
|
(40,630 |
) |
|
(5,202 |
) |
Total
costs |
(60,406 |
) |
|
(63,784 |
) |
|
(8,167 |
) |
|
(112,739 |
) |
|
(125,075 |
) |
|
(16,014 |
) |
Total gross
profit |
125,826 |
|
|
196,070 |
|
|
25,103 |
|
|
245,902 |
|
|
371,228 |
|
|
47,531 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses |
|
|
|
|
|
|
|
|
|
|
|
Research and development
expenses |
(34,858 |
) |
|
(63,712 |
) |
|
(8,157 |
) |
|
(65,667 |
) |
|
(117,137 |
) |
|
(14,998 |
) |
Selling and marketing
expenses |
(28,994 |
) |
|
(42,315 |
) |
|
(5,418 |
) |
|
(39,080 |
) |
|
(74,217 |
) |
|
(9,502 |
) |
General and administrative
expenses |
(23,166 |
) |
|
(38,911 |
) |
|
(4,982 |
) |
|
(42,373 |
) |
|
(66,438 |
) |
|
(8,506 |
) |
Total operating
expenses |
(87,018 |
) |
|
(144,938 |
) |
|
(18,557 |
) |
|
(147,120 |
) |
|
(257,792 |
) |
|
(33,006 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Others, net |
(1,634 |
) |
|
(2,905 |
) |
|
(372 |
) |
|
(1,696 |
) |
|
(3,832 |
) |
|
(491 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Income before income
tax expense |
37,174 |
|
|
48,227 |
|
|
6,174 |
|
|
97,086 |
|
|
109,604 |
|
|
14,034 |
|
Loss from equity method investments |
- |
|
|
(470 |
) |
|
(60 |
) |
|
- |
|
|
(470 |
) |
|
(60 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
(expense)/benefit |
(12,937 |
) |
|
7,573 |
|
|
970 |
|
|
(27,068 |
) |
|
(8,263 |
) |
|
(1,058 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net
income |
24,237 |
|
|
55,330 |
|
|
7,084 |
|
|
70,018 |
|
|
100,871 |
|
|
12,916 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred shares redemption
value accretion |
(16,769 |
) |
|
- |
|
|
- |
|
|
(33,507 |
) |
|
- |
|
|
- |
|
Income allocation to
participating preferred shareholders |
(3,611 |
) |
|
- |
|
|
- |
|
|
(17,653 |
) |
|
- |
|
|
- |
|
Net income
attributable to ordinary shareholders of the Company |
3,857 |
|
|
55,330 |
|
|
7,084 |
|
|
18,858 |
|
|
100,871 |
|
|
12,916 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share
attributable to ordinary shareholders of the Company |
|
|
|
|
|
|
|
|
|
|
|
Basic |
0.01 |
|
|
0.06 |
|
|
0.01 |
|
|
0.05 |
|
|
0.14 |
|
|
0.02 |
|
Diluted |
0.01 |
|
|
0.06 |
|
|
0.01 |
|
|
0.04 |
|
|
0.12 |
|
|
0.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per
ADS |
|
|
|
|
|
|
|
|
|
|
|
Basic |
0.08 |
|
|
0.50 |
|
|
0.06 |
|
|
0.40 |
|
|
1.13 |
|
|
0.14 |
|
Diluted |
0.08 |
|
|
0.44 |
|
|
0.06 |
|
|
0.32 |
|
|
0.98 |
|
|
0.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of ordinary shares used in computing net income per
share |
|
|
|
|
|
|
|
|
|
|
|
Basic |
403,750,000 |
|
|
897,347,760 |
|
|
897,347,760 |
|
|
403,750,000 |
|
|
717,361,836 |
|
|
717,361,836 |
|
Diluted |
508,387,785 |
|
|
1,007,219,228 |
|
|
1,007,219,228 |
|
|
508,387,785 |
|
|
827,313,154 |
|
|
827,313,154 |
|
|
FUTU HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF COMPREHENSIVE INCOME (Continued)
(In thousands, except for share and per
share data)
|
For the Three Months Ended |
|
For the Six Months Ended |
|
June 30,2018 |
|
June 30,2019 |
|
June 30,2019 |
|
June
30,2018 |
|
June
30,2019 |
|
June
30,2019 |
|
HK$ |
|
HK$ |
|
US$ |
|
HK$ |
|
HK$ |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
24,237 |
|
|
55,330 |
|
|
7,084 |
|
|
70,018 |
|
|
100,871 |
|
|
12,916 |
|
Other comprehensive
income, net of tax |
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation
adjustment |
(1,933 |
) |
|
(5,618 |
) |
|
(719 |
) |
|
(7,365 |
) |
|
(4,523 |
) |
|
(579 |
) |
Total comprehensive
income |
22,304 |
|
|
49,712 |
|
|
6,365 |
|
|
62,653 |
|
|
96,348 |
|
|
12,337 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FUTU HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS
(In thousands)
|
For the Three Months Ended |
|
For the Six Months Ended |
|
June
30,2018 |
|
June
30,2019 |
|
June
30,2019 |
|
June
30,2018 |
|
June
30,2019 |
|
June
30,2019 |
|
HK$ |
|
HK$ |
|
US$ |
|
HK$ |
|
HK$ |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
Net cash generated from/(used in) operating
activities |
(602,963 |
) |
|
305,753 |
|
|
39,147 |
|
|
131,882 |
|
|
(475,381 |
) |
|
(60,866 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in
investing activities |
(3,560 |
) |
|
(71,806 |
) |
|
(9,194 |
) |
|
(9,061 |
) |
|
(43,711 |
) |
|
(5,598 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net cash generated
from/(used in) financing activities |
2,293,045 |
|
|
(531,689 |
) |
|
(68,075 |
) |
|
3,128,173 |
|
|
501,611 |
|
|
64,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange
rate changes on cash, cash equivalents and restricted
cash |
(14,771 |
) |
|
(102,580 |
) |
|
(13,134 |
) |
|
(1,788 |
) |
|
(13,827 |
) |
|
(1,770 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Net
increase/(decrease) in cash, cash equivalents and restricted
cash |
1,671,751 |
|
|
(400,322 |
) |
|
(51,256 |
) |
|
3,249,206 |
|
|
(31,308 |
) |
|
(4,010 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Cash, cash equivalents and
restricted cash at beginning of the period |
9,129,297 |
|
|
12,356,118 |
|
|
1,582,029 |
|
|
7,551,842 |
|
|
11,987,104 |
|
|
1,534,782 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, cash equivalents
and restricted cash at end of the period |
10,801,048 |
|
|
11,955,796 |
|
|
1,530,773 |
|
|
10,801,048 |
|
|
11,955,796 |
|
|
1,530,773 |
|
Cash, cash equivalents and restricted cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
682,233 |
|
|
496,761 |
|
|
63,602 |
|
|
682,233 |
|
|
496,761 |
|
|
63,602 |
|
Cash held on behalf of
clients |
10,118,815 |
|
|
11,459,035 |
|
|
1,467,171 |
|
|
10,118,815 |
|
|
11,459,035 |
|
|
1,467,171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, cash equivalents
and restricted cash at end
of the period |
10,801,048 |
|
|
11,955,796 |
|
|
1,530,773 |
|
|
10,801,048 |
|
|
11,955,796 |
|
|
1,530,773 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-cash financing
activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accretion to preferred shares
redemption value |
16,769 |
|
|
- |
|
|
- |
|
|
33,507 |
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FUTU HOLDINGS LIMITED
UNAUDITED RECONCILIATIONS OF NON-GAAP AND
GAAP RESULTS
(In thousands)
|
For the Three Months Ended |
|
For the Six Months Ended |
|
June
30,2018 |
|
June
30,2019 |
|
June
30,2019 |
|
June
30,2018 |
|
June
30,2019 |
|
June
30,2019 |
|
HK$ |
|
HK$ |
|
US$ |
|
HK$ |
|
HK$ |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
24,237 |
|
55,330 |
|
7,084 |
|
70,018 |
|
100,871 |
|
12,916 |
Add: share-based compensation
expenses |
2,425 |
|
3,839 |
|
492 |
|
4,793 |
|
7,595 |
|
972 |
Adjusted net income |
26,662 |
|
59,169 |
|
7,576 |
|
74,811 |
|
108,466 |
|
13,888 |
Futu (NASDAQ:FHL)
過去 株価チャート
から 3 2024 まで 4 2024
Futu (NASDAQ:FHL)
過去 株価チャート
から 4 2023 まで 4 2024