‌$Futu Holdings Limited(FUTU)$‌First Quarter 2022 Operational Highlights

Total number of paying clients1 increased 67.9% year-over-year to 1,326,163 as of March 31, 2022.

Total number of registered clients2 increased 48.7% year-over-year to 2,910,995 as of March 31, 2022.

Total number of users3 increased 27.1% year-over-year to 18.1 million as of March 31, 2022.

Total client assets declined 16.5% year-over-year to HK$386.0 billion as of March 31, 2022.

Daily average client assets were HK$388.2 billion in the first quarter of 2022, an increase of 0.9% from the same period in 2021.

Total trading volume in the first quarter of 2022 declined 41.0% year-over-year to HK$1.3 trillion, in which trading volume for US stocks was HK$848.3 billion, trading volume for Hong Kong stocks was HK$447.8 billion, and trading volume for stocks under the Stock Connect was HK$27.6 billion.

Daily average revenue trades (DARTs)4 in the first quarter of 2022 declined 34.0% year-over-year to 595,992.

Margin financing and securities lending balance declined 6.8% year-over-year to HK$25.5 billion as of March 31, 2022.

First Quarter 2022 Financial Highlights

Total revenues decreased 25.6% year-over-year to HK$1,641.0 million (US$209.5 million).

Total gross profit decreased 19.8% year-over-year to HK$1,413.0 million (US$180.4 million).

Net income decreased 50.8% year-over-year to HK$571.8 million (US$73.0 million).

Non-GAAP adjusted net income5 decreased 47.2% year-over-year to HK$622.2 million (US$79.4 million).