Futu Holdings announcedfinancial results for the first quarter of 2023, showing that its gross profit reached 2.$81.4 billion, up 13% from the previous quarter。Compared to the same period last year, profit rose 56.3%。The Hong Kong-based online brokerage and wealth management platform achieved sequential growth in total revenue and trading volume in the quarter, up 9 percent, respectively.。

Total first-quarter revenue reached3.$18.5 billion, up from 2.$92.3 billion。Total volume rises to 1.HK $2 trillion, more than the previous issue of 1.HK $1 trillion。However, compared to the same period last year, revenue increased by 52.3%, trading volume decreased by 78%。

In addition, Futu's net income grew by24% to 1.$51.8 billion, up from 1.$22.9 billion。Compared to the same period last year, net income increased by 108.4%。

FTU stood out in terms of trading performance, with US-listed stocks having the highest trading volume atHK $827.6 billion, followed by Hong Kong stock trading, which brought in HK $372.2 billion in turnover.。In addition, trading volume reached HK $20 billion under the Shanghai-Hong Kong Stock Connect, a program that enables investors to trade shares on the Shanghai and Shenzhen stock exchanges.。

Futu also showed significant growth in other indicators。Total Paying Customers YoY Growth15.2% to 1.5 million, the total number of registered customers increased by 13.5% to 3.3 million, the total number of users reached 20 million。In addition, Futu's average daily customer assets grew by 16.7% to HK $453 billion。

Futu continues its expansion plans and will further consolidate its presence in the region by expanding into Southeast Asian markets, particularly by obtaining in-principle approval for a capital markets licence in Malaysia.。