Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Futu Holdings Ltd (ADR) (OQ:FUTU)

Business Focus: N/A

Sector:  Technology Industry:  N/A
 
Company Contact
Address: 9F Unit 3 Building C Kexing Science Park
15 Keyuan Road, Technology Park
SHENZHEN GNG 518057
Tel: N/A
Website: https://www.futuholdings.com
IR: See website
Key People
Hua Li
Chairman of the Board, Chief Executive Officer, Founder
Yu Chen
Chief Financial Officer
Li Xu
Senior Vice President
Business Overview
Futu Holdings Limited is an investment holding company engaged in offering digitized brokerage platforms. The Company is involved in the provision of online brokerage services and margin financing services through software and websites. The Company mainly provides investing services through its digital brokerage platform under the name of Futu NiuNiu. The Company's service offerings include trade executions and margin financings, which allow its clients to trade securities across markets, such as stocks, warrants, options and exchange traded funds (ETFs). In addition, the Company also provides financial information and online community services.
Financial Overview
For the fiscal year ended 31 December 2023, Futu Holdings Ltd (ADR) revenues increased 31% to HK$10.01B. Net income increased 46% to HK$4.28B. Revenues reflect Interest Income on Loan-Business-Total increase of 72% to HK$5.54B, Other income - Balancing value increase of 52% to HK$481.5M. Net income benefited from Others, net - Balancing value increase from HK$194.7M (expense) to HK$51.5M (income).