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Futu Announces Fourth Quarter and Full Year 2024 Unaudited Financial Results

1. Futu's paying clients rose by 41% YoY to 2.41 million. 2. Total revenues increased 86.8% YoY to HK$4.43 billion. 3. Trading volume surged 201.7% YoY, reaching HK$2.89 trillion. 4. Net income doubled, increasing 113.3% YoY to HK$1.87 billion. 5. Client assets increased 53.1% YoY to HK$743.3 billion.

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Why Very Bullish?

Futu’s significant client growth and revenue increase indicate strong business momentum, similar to previous successful quarters where rapid client acquisition led to stock price growth.

How important is it?

The article provides concrete financial metrics and growth figures, suggesting a strong future outlook and potential investment interest.

Why Short Term?

The immediate positive financial results and customer growth will likely influence investor sentiment shortly, similar to past earnings reports triggering price increases.

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HONG KONG, March 13, 2025 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter and Full Year 2024 Operational Highlights Total number of paying clients1 increased 41.0% year-over-year to 2,411,324 as of December 31, 2024.Total number of registered clients2 increased 28.7% year-over-year to 4,583,453 as of December 31, 2024.Total number of users3 increased 16.2% year-over-year to 25.1 million as of December 31, 2024.Total client assets increased 53.1% year-over-year to HK$743.3 billion as of December 31, 2024.Daily average client assets were HK$722.3 billion in the fourth quarter of 2024, an increase of 53.6% from the same period in 2023.Total trading volume in the fourth quarter of 2024 increased by 201.7% year-over-year to HK$2.89 trillion, in which trading volume for U.S. stocks was HK$2.08 trillion, and trading volume for Hong Kong stocks was HK$754.5 billion. Total trading volume in 2024 increased 83.3% year-over-year to HK$7.75 trillion.Margin financing and securities lending balance increased 53.7% year-over-year to HK$50.9 billion as of December 31, 2024. Fourth Quarter 2024 Financial Highlights Total revenues increased 86.8% year-over-year to HK$4,432.5 million (US$570.6 million).Total gross profit increased 88.5% year-over-year to HK$3,656.5 million (US$470.7 million).Net income increased 113.3% year-over-year to HK$1,869.5 million (US$240.7 million).Non-GAAP adjusted net income4 increased 105.4% year-over-year to HK$1,952.3 million (US$251.3 million). Full Year 2024 Financial Highlights Total revenues increased 35.8% year-over-year to HK$13,590.1 million (US$1,749.6 million).Total gross profit increased 31.5% year-over-year to HK$11,144.7 million (US$1,434.7 million).Net income increased 27.0% year-over-year to HK$5,433.1 million (US$699.4 million).Non-GAAP adjusted net income increased 26.2% year-over-year to HK$5,768.0 million (US$742.6 million). Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer, said, “In 2024, we added over 701 thousand paying clients, bringing the total number of paying clients to 2.4 million, a 41.0% year-over-year increase. In the fourth quarter, new paying clients increased by 39.1% quarter-over-quarter to 215 thousand, driven by sequential acceleration in client acquisition across all markets. Hong Kong emerged as the top contributor of new paying clients, thanks to our timely and effective marketing campaigns around different asset classes. In Singapore, we witnessed another quarter of both strong client growth and improving client quality. We continued to rapidly take market share in Malaysia thanks to an increasingly localized product experience and growing brand awareness and trust. In Japan, new paying clients returned to double-digit sequential growth as our superior U.S. stock trading experience was accentuated amid strong U.S. stock performance. Year to date, we continue to witness strong paying client growth and are guiding for 800 thousand net new paying clients in 2025.” “Net asset inflow further increased sequentially on top of a high base in the third quarter. Despite the negative mark-to-market impact on clients’ stock holdings, total client assets grew 53.1% year-over-year and 7.2% quarter-over-quarter to HK$743.3 billion. In Singapore, we tracked robust net asset inflow into both U.S. equities and cash management products, altogether driving total client assets up by 19% quarter-over-quarter. Margin financing and securities lending balance increased by 25.1% sequentially to an all-time high of HK$50.9 billion amid risk-on mood.” “Total trading volume hit a record HK$2.89 trillion, up 201.7% year-over-year and 51.5% quarter-over-quarter. Many AI and crypto names posted exceptional gains in the fourth quarter and drove the bulk of our 36.1% sequential increase in U.S. stock trading volume to HK$2.08 trillion. A couple of AI names that used to be unfamiliar to our clients consistently ranked among the most-traded U.S. stocks on our platform in 2024 thanks to their outsized outperformance and growing conviction among the public of AI’s structural influence. Hong Kong stock trading volume reached HK$754.5 billion, up 117.0% quarter-over-quarter, as turnover in many technology names as well as leveraged and inverse ETFs surged.” “Total client assets in wealth management increased 92.6% year-over-year and 13.9% quarter-over-quarter to HK$110.9 billion, which accounted for 15% of total client assets, a further uptick from the third quarter. Despite sequentially lower yield, money market funds continued to attract robust inflow. In Hong Kong and Singapore, we expanded our structured product offerings to better address the investment needs of our high-net-worth clients.” “As of quarter end, we served 482 IPO distribution and IR clients, up 16.4% year-over-year. In 2024, we underwrote 40 Hong Kong IPOs, ranking first among all brokers for the third consecutive year, according to Wind. FINI, the digital IPO settlement platform introduced by The Stock Exchange of Hong Kong, eliminates multi-account participation, shortens the settlement period, and reduces funding costs with the new pre-funding model. These changes improve the overall retail IPO subscription experience and are conducive to market consolidation. We swiftly adjusted our IPO subscription process based on these changes and saw meaningful improvement in market share in terms of subscription amount in recent Hong Kong IPOs.” Fourth Quarter 2024 Financial Results Revenues Total revenues were HK$4,432.5 million (US$570.6 million), an increase of 86.8% from HK$2,373.3 million in the fourth quarter of 2023. Brokerage commission and handling charge income was HK$2,057.4 million (US$264.9 million), an increase of 127.6% from the fourth quarter of 2023. This was mainly due to higher trading volume, partially offset by the decline in blended commission rate. Interest income was HK$2,022.3 million (US$260.3 million), an increase of 51.8% from the fourth quarter of 2023. The increase was mainly driven by higher interest income from securities borrowing and lending business and bank deposits. Other income was HK$352.8 million (US$45.4 million), an increase of 157.0% from the fourth quarter of 2023. The increase was primarily attributable to higher fund distribution service income and currency exchange income. Costs Total costs were HK$776.0 million (US$99.9 million), an increase of 79.0% from HK$433.5 million in the fourth quarter of 2023. Brokerage commission and handling charge expenses were HK$112.2 million (US$14.5 million), an increase of 89.5% from the fourth quarter of 2023. Brokerage expenses grew by a narrower margin than brokerage income mainly due to higher gross margin for Hong Kong stock trading in the quarter. Interest expenses were HK$513.4 million (US$66.1 million), an increase of 89.6% from the fourth quarter of 2023. The increase was primarily due to higher expenses associated with our securities borrowing and lending business and higher margin financing interest expenses. Processing and servicing costs were HK$150.5 million (US$19.4 million), an increase of 45.4% from the fourth quarter of 2023. The increase was primarily due to higher market information and data fee for new products, as well as higher system usage fee. Gross Profit Total gross profit was HK$3,656.5 million (US$470.7 million), an increase of 88.5% from HK$1,939.8 million in the fourth quarter of 2023. Gross margin was 82.5%, as compared to 81.7% in the fourth quarter of 2023. Operating Expenses Total operating expenses were HK$1,439.1 million (US$185.3 million), an increase of 57.1% from HK$916.0 million in the fourth quarter of 2023. Research and development expenses were HK$399.5 million (US$51.4 million), an increase of 10.0% from the fourth quarter of 2023. This increase was primarily due to costs related to organizational restructuring in the fourth quarter of 2024. Selling and marketing expenses were HK$464.0 million (US$59.7 million), an increase of 154.2% from HK$182.5 million in the fourth quarter of 2023. This was driven by strong growth of new paying clients, partially offset by lower client acquisition costs. General and administrative expenses were HK$575.7 million (US$74.1 million), an increase of 55.4% from the fourth quarter of 2023. The increase was primarily due to an increase in general and administrative personnel. Income from Operations Income from operations increased by 116.6% to HK$2,217.4 million (US$285.5 million) from HK$1,023.8 million in the fourth quarter of 2023. Operating margin increased to 50.0% from 43.1% in the fourth quarter of 2023 mainly due to strong topline growth and operating leverage. Net Income Net income increased by 113.3% to HK$1,869.5 million (US$240.7 million) from HK$876.4 million in the fourth quarter of 2023. Net income margin for the fourth quarter of 2024 increased to 42.2% from 36.9% in the year-ago quarter. Non-GAAP adjusted net income increased by 105.4% to HK$1,952.3 million (US$251.3 million) from the fourth quarter of 2023. 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$13.54 (US$1.74), compared with HK$6.40 in the fourth quarter of 2023. Diluted net income per ADS was HK$13.35 (US$1.72), compared with HK$6.31 in the fourth quarter of 2023. Each ADS represents eight Class A ordinary shares. Full Year 2024 Financial Results Revenues Total revenues were HK$13,590.1 million (US$1,749.6 million), an increase of 35.8% from HK$10,008.4 million in 2023. Brokerage commission and handling charge income was HK$6,044.7 million (US$778.2 million), an increase of 53.2% from HK$3,944.8 million in 2023. This was mainly due to an increase in trading volume, partially offset by lower blended commission rate. Interest income was HK$6,666.9 million (US$858.3 million), an increase of 20.4% from HK$5,536.4 million in 2023. The increase was mainly driven by higher margin financing income due to an increase in daily average margin balance and higher interest income from bank deposits. Other income was HK$878.5 million (US$113.1 million), an increase of 66.6% from HK$527.2 million in 2023. The increase was primarily attributable to higher fund distribution service income and currency exchange income. Costs Total costs were HK$2,445.5 million (US$314.8 million), an increase of 59.2% from HK$1,536.2 million in 2023. Brokerage commission and handling charge expenses were HK$341.2 million (US$43.9 million), an increase of 36.7% from HK$249.6 million in 2023. This was primarily attributable to higher trading volume. Interest expenses were HK$1,617.5 million (US$208.2 million), an increase of 77.6% from HK$910.8 million in 2023. The increase was mainly driven by higher expenses associated with our securities borrowing and lending business. Processing and servicing costs were HK$486.8 million (US$62.7 million), an increase of 29.5% from HK$375.9 million in 2023. The increase was due to higher market information and data fee, and cloud service fee for new markets and products. Gross Profit Total gross profit was HK$11,144.7 million (US$1,434.7 million), an increase of 31.5% from HK$8,472.2 million in 2023. Gross profit margin declined from 84.7% in 2023 to 82.0% in 2024. Operating Expenses Total operating expenses were HK$4,523.0 million (US$582.3 million), an increase of 30.5% from HK$3,464.7 million in 2023. Research and development expenses were HK$1,493.6 million (US$192.3 million), an increase of 3.7% from HK$1,440.9 million in 2023. This increase was primarily due to an increase in research and development headcount to support new products and new markets. Selling and marketing expenses were HK$1,409.3 million (US$181.4 million), an increase of 98.4% from HK$710.3 million in 2023. The increase was mainly due to strong paying client growth, partially offset by lower customer acquisition costs. General and administrative expenses were HK$1,620.0 million (US$208.6 million), an increase of 23.3% from HK$1,313.5 million in 2023. The increase was primarily due to an increase in headcount for general and administrative personnel, especially in new markets. Income from Operations Income from operations increased by 32.2% to HK$6,621.7 million (US$852.5 million) from HK$5,007.5 million in 2023. Operating margin declined to 48.7% from 50.0% in 2023. Net Income Net income increased by 27.0% to HK$5,433.1 million (US$699.4 million) from HK$4,278.9 million in 2023. Non-GAAP adjusted net income increased by 26.2% to HK$5,768.0 million (US$742.6 million) from HK$4,569.8 million in 2023. 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 ADS was HK$39.44 (US$5.08), compared with HK$31.00 in 2023. Diluted net income per ADS was HK$38.88 (US$5.01), compared with HK$30.59 in 2023. Each ADS represents eight Class A ordinary shares. Conference Call and Webcast Futu's management will hold an earnings conference call on Thursday, March 13, 2025, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time). Please note that all participants will need to pre-register for the conference call, using the link https://register.vevent.com/register/BIb8967ae69ba64a7eab0c02d765ce1339. It will automatically lead to the registration page of "Futu Holdings Ltd Fourth Quarter and Full Year 2024 Earnings Conference Call", where details for RSVP are needed. Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers and personal PINs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information. 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: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitalized brokerage and wealth management platform. The Company primarily serves the emerging affluent 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 platforms, Futubull and moomoo, each a highly integrated application accessible through any mobile device, tablet or desktop. The Company's primary fee-generating services include trade execution – which allows its clients to trade a diverse range of assets, such as stocks, ETFs, warrants, options, futures and cryptocurrencies – as well as margin financing and securities lending. The Company 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$7.7677 to US$1.00, the noon buying rate in effect on December 31, 2024 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the HK$ 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 quotations from the management team of the Company, 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 collaborates 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 inquiries, please contact: Investor RelationsFutu Holdings Limitedir@futuholdings.com ___________________  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 with one or more trading accounts with Futu.3 The number of users refers to the number of user accounts registered with Futu.4 Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses. FUTU HOLDINGS LIMITEDUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except for share and per share data)  As of December 31, As of December 31, 2023 2024 2024 HK$ HK$ US$ASSETS     Cash and cash equivalents4,937,538 11,688,383 1,504,742Cash held on behalf of clients44,369,310 68,639,816 8,836,569Restricted cash1,232 1,121 144Term deposit5,540 4,990 642Short-term investments3,114,613 2,411,074 310,397Securities purchased under agreements to resell133,039 316,301 40,720Loans and advances-current (net of allowance of HK$45,949 thousand and HK$85,252 thousand as of December 31, 2023 and December 31, 2024, respectively)32,528,421 49,695,691 6,397,736Receivables:     Clients293,505 534,077 68,756Brokers5,189,155 18,169,186 2,339,069Clearing organizations4,244,793 3,277,063 421,883Fund management companies and fund distributors151,691 1,210,472 155,834Interest268,504 597,483 76,919Amounts due from related parties- 61,200 7,879Prepaid assets54,691 63,497　8,174Other current assets135,479 160,330　20,641Total current assets95,427,511  156,830,684 　20,190,105       Operating lease right-of-use assets224,092 253,212　32,598Long-term investments238,556 573,190　73,791Loans and advances - non-current18,934 18,805　2,421Other non-current assets1,226,754 2,025,841　260,803Total non-current assets1,708,336  2,871,048 　369,613 Total assets97,135,847  159,701,732 　20,559,718        LIABILITIES     Amounts due to related parties69,018  79,090  10,182 Payables:     Clients48,762,263  72,379,135  9,317,962 Brokers15,648,286  44,642,545  5,747,203 Clearing organizations24,096  503,396  64,806 Fund management companies and fund distributors175,575  507,076  65,280 Interest44,109  86,964  11,196 Borrowings5,651,565  5,702,259  734,099 Securities sold under agreements to repurchase-  2,574,659  331,457 Lease liabilities - current114,682  144,357  18,584 Accrued expenses and other current liabilities1,939,004  4,936,805  635,556 Total current liabilities72,428,598   131,556,286  　16,936,325     　　　Lease liabilities - non-current123,335  132,924 　17,112 Other non-current liabilities12,183  8,061 　1,037 Total non-current liabilities135,518   140,985  　18,149  Total liabilities72,564,116   131,697,271  　16,954,474              SHAREHOLDERS’ EQUITY     Class A ordinary shares71  72 　9 Class B ordinary shares27  27 　3 Additional paid-in capital18,456,438  18,807,369 　2,421,228 Treasury Stock(5,199,257) (5,199,257)　(669,343)Accumulated other comprehensive loss(49,433) (249,916)　(32,174)Retained earnings11,360,890  14,652,946 　1,886,394 Total shareholders' equity24,568,736   28,011,241  　3,606,117     　　　   　　　Non-controlling interest2,995  (6,780)　(873)Total equity24,571,731   28,004,461  　3,605,244  Total liabilities and equity97,135,847   159,701,732  　20,559,718         FUTU HOLDINGS LIMITEDUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(In thousands, except for share and per share data)  For the Three Months Ended For the Twelve Months Ended December 31,2023 December 31,2024 December 31,2024 December 31,2023 December 31,2024 December 31,2024 HK$ HK$ US$ HK$ HK$ US$Revenues           Brokerage commission and handling charge income903,999 　2,057,429 　264,870 　3,944,779 　6,044,746 　778,190 Interest income1,331,945 　2,022,283 　260,345 　5,536,422 　6,666,864 　858,280 Other income137,318 　352,836 　45,423 　527,217 　878,515 　113,098 Total revenues2,373,262  　4,432,548  　570,638  　10,008,418  　13,590,125  　1,749,568  Costs 　　　　　　　　　　　Brokerage commission and handling charge expenses(59,166)　(112,241)　(14,450)　(249,567)　(341,238)　(43,930)Interest expenses(270,784)　(513,352)　(66,088)　(910,759)　(1,617,450)　(208,228)Processing and servicing costs(103,539)　(150,453)　(19,369)　(375,904)　(486,783)　(62,668)Total costs (433,489)　(776,046)　(99,907)　(1,536,230)　(2,445,471)　(314,826)Total gross profit1,939,773  　3,656,502  　470,731  　8,472,188  　11,144,654  　1,434,742              Operating expenses           Research and development expenses(363,132)　(399,462)　(51,426)　(1,440,893)　(1,493,620)　(192,286)Selling and marketing expenses(182,461)　(464,001)　(59,735)　(710,348)　(1,409,313)　(181,432)General and administrative expenses(370,397)　(575,676)　(74,112)　(1,313,464)　(1,620,017)　(208,558)Total operating expenses (915,990)　(1,439,139)　(185,273)　(3,464,705)　(4,522,950)　(582,276) 　　　　　　　　　　　Income from operations1,023,783  　2,217,363  　285,458  　5,007,483  　6,621,704  　852,466   　　　　　　　　　　　Others, net(16,749)　55,882 　7,195 　33,442 　(86,372)　(11,119) 　　　　　　　　　　　Income before income tax expense and share of loss from equitymethod investments1,007,034  　2,273,245  　292,653  　5,040,925  　6,535,332  　841,347   　　　　　　　　　　　Income tax expense(125,812)　(358,429)　(46,144)　(748,479)　(998,342)　(128,525)Share of loss from equity method investments(4,836)　(45,357)　(5,838)　(13,497)　(103,934)　(13,380) 　　　　　　　　　　　Net income876,386  　1,869,459  　240,671  　4,278,949  　5,433,056  　699,442   　　　　　　　　　　　Attributable to:　　　　　　　　　　　Ordinary shareholders of the Company878,225 　1,871,704 　240,960 　4,281,474 　5,443,094 　700,734 Non-controlling interest(1,839)　(2,245)　(289)　(2,525)　(10,038)　(1,292) 876,386  　1,869,459  　240,671  　4,278,949  　5,433,056  　699,442               Net income per share attributable to ordinary shareholders of the Company            Basic0.80 　1.69 　0.22 　3.88 　4.93 　0.63 Diluted0.79 　1.67 　0.21 　3.82 　4.86 　0.63  　　　　　　　　　　　Net income per ADS 　　　　　　　　　　　Basic6.40 　13.54 　1.74 　31.00 　39.44 　5.08 Diluted6.31 　13.35 　1.72 　30.59 　38.88 　5.01  　　　　　　　　　　　Weighted average number of ordinary shares used in computing net income per share　　　　　　　　　　　Basic1,097,155,166 　1,106,025,655 　1,106,025,655 　1,104,899,411 　1,104,199,740 　1,104,199,740 Diluted1,112,774,804 　1,121,506,777 　1,121,506,777 　1,119,653,571 　1,120,478,183 　1,120,478,183  　　　　　　　　　　　Net income876,386  　1,869,459  　240,671  　4,278,949  　5,433,056  　699,442  Other comprehensive income/(loss), net of tax　　　　　　　　　　　Foreign currency translation adjustment81,589 　(223,100)　(28,722)　(1,587)　(200,220)　(25,776)Total comprehensive income957,975  　1,646,359  　211,949  　4,277,362  　5,232,836  　673,666   　　　　　　　　　　　Attributable to:　　　　　　　　　　　Ordinary shareholders of the Company959,786 　1,648,308 　212,200 　4,279,887 　5,242,611 　674,924 Non-controlling interest(1,811)　(1,949)　(251)　(2,525)　(9,775)　(1,258) 957,975  　1,646,359  　211,949  　4,277,362  　5,232,836  　673,666               FUTU HOLDINGS LIMITEDUNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS(In thousands)  For the Three Months Ended For the Twelve Months Ended December 31,2023 December 31,2024 December 31,2024 December 31,2023 December 31,2024 December 31,2024 HK$ HK$ US$ HK$ HK$ US$            Net income876,386　1,869,459　240,671　4,278,949　5,433,056　699,442Add: Share-based compensation expenses74,077　82,886　10,671　290,831　334,926　43,118Adjusted net income950,463　1,952,345　251,342　4,569,780　5,767,982　742,560             Non-GAAP to GAAP reconciling items have no income tax effect.

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