Thank you, operator. Hello, everyone, and thank you for joining us for the call today. AppFintech Coding Limited's fourth quarter and full year 2024 earnings release was distributed earlier today and is available on our IR website at ir.itigerup.com, as well as Globe Newsletter services. On the call today from AppFintech are Mr. Wu Tianhua, Chairman and CEO, Mr. Zheng Zeng, our CFO, Mr. Huang Lei, CEO of U.S. Tiger Securities, and Mr. Kenny Zhao, our financial controller. Mr. Wu will give an overview of our ...

证券研究报告 | 公司点评 | 证券Ⅱ （1）24Q4 佣金收入 56.0 百万美元，同比增长 154.9%，主要得益于 24Q4 股票成 交额同比增长 182%至 555 亿美元；（2）利息收入 55.8 百万美元，同比增长 39.6%，24Q4 末两融余额同比增长 88.2%至 45 亿美元；（3）其他收入 9.6 百万美 元，同比增 96.2%，主要得益于 IPO 认购收入增长及货币兑换收入增长。 ❑ 入金客户数远超指引，资产及 ARPU 值连续多季度增长 （1）截至 2024 年末，入金客户数同比增长 20.7%至 109.2 万。24Q4 单季新增 5.92 万，同比增长 51.4%，环比增长 17.2%。2024 年新增入金客户数 18.74 万， 远超 15 万的指引。对于 2025 年，公司给出新入金客户数 15 万的指引；（2）截 至 2024 年末，客户总资产达到 417.25 亿美元 ，同比增长 36.4%，环比增长 2.4%，连续四个季度环比增长，主要得益于 24Q4 净入金 11 亿美元； 24Q4 末户 均资产 3.82 万美元。24Q4ARPU116.8 美元，同比增长 48%， ...

[Table_Summary] 事件：公司发布 2024 年第四季度及全年业绩，2024 年公司实现总营收同 比+44%至 3.92 亿美元，归母净利润同比+86%至 0.61 亿美元；其中 2024Q4 单季度总营收同比+77%至 1.24 亿美元，归母净利润为 0.28 亿美元（2023 年同期亏损 180 万美元）。 证券研究报告·海外公司点评·非银金融 老虎证券（TIGR.O） 2024 年年报点评：港美股成交活跃，推动佣 金及利息净收入大幅增长 买入（首次） | Table_EPS] [盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万美元） | 273 | 392 | 525 | 652 | 776 | | 同比（%） | 20.92% | 43.68% | 34.10% | 24.19% | 18.97% | | 归母净利润（百万美元） | 33 | 61 | 96 | 116 | 137 | | 同比（%） | 不适用 | 86% | 58% | 2 ...

证券研究报告·海外公司点评·非银金融 老虎证券（TIGR.O） 2024 年年报点评：港美股成交活跃，推动佣 金及利息净收入大幅增长 买入（首次） | Table_EPS] [盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万美元） | 273 | 392 | 525 | 652 | 776 | | 同比（%） | 20.92% | 43.68% | 34.10% | 24.19% | 18.97% | | 归母净利润（百万美元） | 33 | 61 | 96 | 116 | 137 | | 同比（%） | 不适用 | 86% | 58% | 21% | 18% | | EPS-最新摊薄（美元/股） | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 | | P/E（现价&最新摊薄） | 54.95 | 29.46 | 18.59 | 15.41 | 13.06 | [Table_Summary] 事件：公司发布 2024 年第四季度及全年业绩，2 ...

Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e., buying assets at a discount e.g., net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e., buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Sign up here to get sta ...

UP Fintech Holding Limited (NASDAQ:TIGR) Q4 2024 Earnings Conference Call March 18, 2025 8:00 AM ET Company Participants Aaron Li - Head, IR Wu Tianhua - Chairman and CEO John Zeng - CFO Conference Call Participants Cindy Wang - China Renaissance Emma Xu - Bank of America Securities Hua Fan - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the UP Fintech Holding Limited Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-on ...

NEW YORK, March 18, 2025 /PRNewswire/ -- UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. In the fourth quarter, the Company achieved a revenue of US$124.1 million, up 77.3% year-over-year (YoY), while full-year revenue reached US$391.5 million, a 43.7% YoY increase—both setting new record highs. Non-GAAP net income attributable to UP Fintech shareholders was US$30.5 millio ...

SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (NASDAQ:TIGR) ("UP Fintech" or the "Company"), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: "Both of our financial and operating performance have achieved significant growth in the fourth quarter and the full year of 2024. Total revenue in the fourth quarte ...

SINGAPORE, March 06, 2025 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited ("UP Fintech" or the "Company") (NASDAQ:TIGR), a leading online brokerage firm focusing on global investors, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2024, before the U.S. market opens on March 18, 2025. UP Fintech's management will hold an earnings conference call at 8:00 AM on March 18, 2025, U.S. Eastern Time (8:00 PM on March 18, 2025, Singapore/Hong Kong Time ...

Group 1 - The core focus of the research service is on identifying Asia-listed stocks that exhibit a significant gap between their market price and intrinsic value, particularly emphasizing deep value balance sheet bargains and wide moat stocks [1] - UP Fintech Holding Limited (NASDAQ: TIGR) is rated as a Buy, with trading volume and newly funded accounts more than doubling year-over-year in Q3 2024, indicating strong growth [1] - The shares of UP Fintech are considered undervalued, as the company's earnings multiple is lower compared to its peers [1] Group 2 - The research service provides a range of watch lists with monthly updates, targeting value investors interested in the Hong Kong market [1] - The author of the service is focused on finding hidden champions and high-quality businesses that can be purchased at a discount [1]