Futu Holdings Limited, a leading tech-driven online brokerage and wealth management platform, announced its unaudited financial results for the third quarter ended September 30, 2024. The company reported a 33.1% year-over-year increase in paying clients, reaching 2,196,647, and a 22.8% increase in registered clients, totaling 4,284,786. User numbers also rose by 14.4% to 24.1 million. Total client assets surged by 48.1% to HK$693.4 billion, with total trading volume for the quarter jumping 74.7% year-over-year to HK$1.90 trillion. The company's net income increased by 20.9% to HK$1,319.2 million, with non-GAAP adjusted net income also up by 20.8%. In addition, Futu announced a special cash dividend of US$0.25 per ordinary share, or US$2 per American Depositary Share (ADS), to be paid on or around January 10, 2025. The dividend...Show More

Futu Holdings Limited, a leading tech-driven online brokerage and wealth management platform, announced its unaudited financial results for the third quarter ended September 30, 2024. The company reported a 33.1% year-over-year increase in paying clients, reaching 2,196,647, and a 22.8% increase in registered clients, totaling 4,284,786. User numbers also rose by 14.4% to 24.1 million. Total client assets surged by 48.1% to HK$693.4 billion, with total trading volume for the quarter jumping 74.7% year-over-year to HK$1.90 trillion. The company's net income increased by 20.9% to HK$1,319.2 million, with non-GAAP adjusted net income also up by 20.8%. In addition, Futu announced a special cash dividend of US$0.25 per ordinary share, or US$2 per American Depositary Share (ADS), to be paid on or around January 10, 2025. The dividend, totaling approximately US$280 million, will be funded by surplus cash on the company's balance sheet. The company's Chairman and CEO, Leaf Hua Li, highlighted the acquisition of new paying clients and growth in established and new markets. The CFO, Arthur Yu Chen, expressed pleasure in announcing the special dividend in celebration of the company's fifth Nasdaq listing anniversary.