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FUTU Futu Announces Second Quarter 2021 Unaudited Financial Results August 31 , 2021 HONG KONG , Aug. 31 , 2021 ( GLOBE NEWSWIRE ) -- Futu Holdings Limited ( " Futu " or the " Company " ) ( Nasdaq : FUTU ) , a leading tech - driven online brokerage and wealth management platform in China , today announced its unaudited financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Operational Highlights • Total number of paying clients¹ increased 230.2 % year - over - year to 1,000,795 . • Total number of registered clients² increased 142.5 % year - over - year to 2,316,094 . • Total number of users³ increased 66.8 % year - over - year to 15.5 million . • Total client assets increased 253.5 % year - over - year to HK $ 503.2 billion . • Daily average client assets were HK $ 470.2 billion in the second quarter of 2021 , an increase of 295.8 % from the same period in 2020 . • Total trading volume increased 104.3 % year - over - year to HK $ 1.3 trillion , in which trading volume for US stocks was HK $ 842.3 billion and trading volume for Hong Kong stocks was HK $ 447.3 billion . • Daily average revenue trades ( DARTS ) 4 increased 105.4 % year - over - year to 540,988 . • Margin financing and securities lending balance increased 338.4 % year - over - year to HK $ 33.0 billion . Second Quarter 2021 Financial Highlights • Total revenues increased 129.3 % year - over - year to HK $ 1,576.9 million ( US $ 203.1 million ) . • Total gross profit increased 143.2 % year - over - year to HK $ 1,298.0 million ( US $ 167.1 million ) . • Net income increased 125.8 % year - over - year to HK $ 533.9 million ( US $ 68.7 million ) . • Non - GAAP adjusted net income5 increased 126.7 % year - over - year to HK $ 550.4 million ( US $ 70.9 million ) . Mr. Leaf Hua Li , Futu's Chairman and Chief Executive Officer , said , " We are pleased to announce that our operating metrics recorded robust growth across the board in the second quarter of 2021. " " The net addition of paying clients was approximately 211 thousand , our second - best quarter in history . We achieved the 1 million paying client milestone as of quarter end , representing 230.2 % year - over - year growth . We are encouraged to see that Singapore contributed to roughly half of this net addition , which underscores our product appeal and the huge untapped market opportunity in Singapore . Organic growth continued to contribute over half of our new paying clients , with this percentage even higher in Singapore . Our quarterly paying client retention rate remained high at 97.8 % despite rapid client growth and equities market pullback . " " Going forward , we are committed to defending our leading position in Hong Kong , leveraging word - of - mouth referral and marketing to grab market share in Singapore , and accelerating self - clearing for U.S stock trading to improve profitability and operational flexibility . " " Despite mark - to - market loss due to challenging equities market performances , our total client assets increased to HK $ 503.2 billion , representing 253.5 % growth on a year - over - year basis and 8.9 % growth on a quarter - over - quarter basis . Total trading volume was HK $ 1.3 trillion , up 104.3 % year - over - year . U.S. stock trading volume accounted for approximately 64 % of our total trading volume . We noticed a meaningful sequential slump in trading volume as turnover rate declined across trading markets and client cohorts against a challenging equities market backdrop . " " As for our wealth management business Money Plus , we established new partnerships with 7 reputable asset managers , including Goldman Sachs , UBS and Principal . As of quarter end , over 74,000 clients held wealth management positions and total client assets in wealth management were HK $ 13.8 billion , up 59.2 % year - over - year and 5.0 % quarter - over - quarter . In the second quarter , we added fund portfolio rebalancing function and upgraded the functionality of money market funds to allow for automatic subscription and redemption based on client's idle cash and margin balance positions . We expect steady wealth management asset balance growth regardless of overall market sentiment . " " Our enterprise business Futu I & E recorded robust growth in this quarter . We had 186 IPO and IR clients as well as 263 ESOP solutions clients as of quarter end , representing 190.6 % and 152.9 % year - over - year growth , respectively . " " We continue to see active user engagement as average DAU remained above 1 million on each trading day in June . So far , over 600 companies have set up enterprise accounts in our social community to interact with retail investors , as our self - reinforcing ecosystem continues to expand and thrive . " 1 The number of paying clients refers to the number of clients with assets in their trading accounts with Futu . 2 The number of registered clients refers to the number of users who open one or more trading accounts with Futu . 3 The number of users refers to the number of user accounts registered with Futu . 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 . Second Quarter 2021 Financial Results Revenues