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老虎 證券 UP Fintech Holding Limited Reports Unaudited First Quarter 2021 Financial Results May 25 , 2021 BEIJING , China , May 25 , 2021 ( GLOBE NEWSWIRE ) -- UP Fintech Holding Limited ( NASDAQ : TIGR ) ( " UP Fintech " or the " Company " ) , a leading online prok age firm focusing on global investors , today announced its unaudited financial results for the first qua ended March 31 , 2021 . " We are pleased to announce that our Company delivered strong growth in revenue , profits , and client assets in the first quarter of 2021 " , stated Mr. Wu Tianhua , CEO and Director of UP Fintech . Total revenues were US $ 81.3 million , a 255.5 % increase from the first quarter of 2020 , and were bolstered by solid increases in commissions , interest income , and revenues derived from our corporate business . The profitability of our Company continued to improve as net income attributable to UP Fintech in the first quarter was US $ 21.1 million , a significant improvement from net loss of US $ 0.2 million in the first quarter of 2020 , and Non - GAAP net income attributable to UP Fintech in the first quarter was US $ 23.5 million , 22.1 times that of the first quarter of 2020. " Due to our expanding geographic footprint and rich range of services , the total number of accounts as well as the total account balance achieved notable milestones . We added over 117,000 funded accounts , and the aggregate value of assets clients allocated to our platform surpassed US $ 21.4 billion . Total trading volume also surged past US $ 123.8 billion dollars , nearly triple the same period in 2020 . The growth in our corporate businesses accelerated in the first quarter . Market adoption of our ESOP service has been phenomenal ; we added 41 clients in the first quarter and now serve 165 in total . On the investment banking side , in the first quarter we participated in 14 IPOs , of which we underwrote eight . Most notably , our U.S. subsidiary served as the lead bank in an IPO for the first time . In just over two short years , we have become a leading underwriter for assisting new economy corporate clients raise financing on international capital markets and we look forward to serving them with the wide range of capabilities integrated into our fintech ecosystem . Finally , our innovative platform is attracting new investors across a diverse range of countries . We continue to gain momentum in the Singapore market and added new features to our suite of trading products available for local clients , namely U.S. over the counter ( OTC ) equities , Daily Leverage Certificates , as well as our digital wealth management product , The Fund Mall , which empowers investors to allocate their capital across a rich range of global mutual funds that span numerous countries and asset classes . Going forward we intend to continue enhancing the functionality of our platform for our investors , augmenting our comprehensive capability to serve corporate clients , and executing on our global expansion strategy . Financial Highlights for First Quarter 2021 • Total revenues increased 255.5 % year - over - year to US $ 81.3 million . • Total net revenues increased 245.7 % year - over - year to US $ 75.7 million . • Net income increased to US $ 21.1 million from net loss of US $ 0.5 million in the same quarter of last year . • Net income attributable to UP Fintech increased to US $ 21.1 million from net loss of US $ 0.2 million in the same quarter of last year . • Non - GAAP net income attributable to UP Fintech increased to US $ 23.5 million , compared to US $ 1.1 million in the same quarter of last year . A reconciliation of non - GAAP financial metrics to the most comparable GAAP metrics is set forth below . Operating Highlights for First Quarter 2021 • Total account balance increased 289.8 % year - over - year to US $ 21.4 billion . • Total margin financing and securities lending balance increased 177.3 % year - over - year to US $ 2.3 billion . • Total number of customers with deposits increased 180.4 % year - over - year to 376.0K . Selected Operating Data for First Quarter 2021 In 000's Number of customer accounts Number of customers with deposits In USD millions Trading volume Total account balance First Quarter 2021 Financial Results REVENUES As of and for the three months ended March 31 , December 31 , March 31 , 2020 2020 2021 743.3 134.1 44,109.9 5,493.9 1,104.1 258.7 65,449.4 15,956.9 1,400.2 376.0 123,831.5 21,414.6 Total revenues were US $ 81.3 million , up 255.5 % from US $ 22.9 million in the same quarter of last year . Commissions were US $ 52.9 million , up 277.2 % from US $ 14.0 million in the same quarter of last year , driven by an increase in our user base and favorable