Q3 收入创历史新高,利润创 3 年内 ＞ 事件: 2024 年 11 月 12 日, 公司发布 24Q3 业绩, 总收入 1.01 亿美元, yoy+44%，创历史新高；净收入 85.4 百万美元, yoy+47%。归母净利润 17.8 百万美元，yoy+34%；Non-GAAP 归母净利润 20.1 百万美元，yoy+26%。 ▶ Q3 交易额强劲增长驱动经纪佣金收入高增长，市场交易持续活跃提升两融 利息收入。 1）经纪佣金收入为 41.2 百万美元，占比总营收 41%，yoy+78%， qoq+21%,主要得益于交易额提升。24Q3 ,总交易额 1630 亿美元, yoy+103%, qoq+54%,其中正股交易额 414 亿美元, yoy+87%, qoq+24%。混合佣金率 2.5bp, yoy-0.4bp, qoq-0.7bp, 环比下降主要系衍生品交易量大幅提升叠加正 股平均股价上涨所致。2)利息收入 48 百万美元,占比总营收 48%, yoy+25%, qoq+9%，主要系市场交易持续活跃，两融业务增加驱动两融利息收入增加。3) 融资融券服务费收入 2.8 百万美元，占比总营收 3%，yoy ...

Investment Rating - The report does not explicitly state the investment rating for Tiger Brokers (TIGR) [1][2] Core Views - Tiger Brokers achieved record-high revenue and a 3-year high in net income in Q3 2024, with total revenue reaching $101 million (yoy +44%) and net income of $17.8 million (yoy +34%) [1] - The strong growth in trading volume drove a significant increase in brokerage commission income, which accounted for 41% of total revenue at $41.2 million (yoy +78%) [1] - Interest income, primarily from margin financing, contributed 48% of total revenue at $48 million (yoy +25%) [1] - The company exceeded its annual target of 150,000 new funded clients, with total client assets reaching a record $40.8 billion (yoy +116%) [1] - Q4 trends are positive, with October commission income hitting a new high and trading volume in November showing strong performance [1] Revenue Breakdown - Brokerage commission income: $41.2 million (41% of total revenue, yoy +78%) [1] - Interest income: $48 million (48% of total revenue, yoy +25%) [1] - Margin financing service fee income: $2.8 million (3% of total revenue, yoy -15%) [1] - Other income: $9.1 million (9% of total revenue, yoy +70%) [1] Cost and Profit Analysis - Execution and clearing fees: $3.5 million (yoy +48%) [1] - Employee compensation and benefits: $28.8 million (yoy +11%) [1] - Occupancy, depreciation, and amortization: $2.2 million (yoy -3%) [1] - Communication and market data fees: $9.7 million (yoy +28%) [1] - Marketing expenses: $8.2 million (yoy +59%) [1] - General administrative expenses: $6.9 million (yoy +27%) [1] - Net profit margin: 18% (GAAP), 20% (Non-GAAP) [1] Client Metrics - Net new funded clients in Q3: 51,000 (yoy +105%) [1] - Total funded clients: 1.033 million (yoy +19%) [1] - Total client assets: $40.8 billion (yoy +116%) [1] Market Performance and Outlook - Q3 total trading volume: $163 billion (yoy +103%) [1] - October trading volume and commission income reached record highs, exceeding twice the average monthly levels in the first half of the year [1] - November trading activity showed strong performance, with order volume on November 6 (US election day) up 48% compared to October averages [1]

Financial Data and Key Metrics Changes - UP Fintech Holding Limited reported its third quarter 2024 earnings, with financial results available on their IR website [3] - The company will provide a detailed discussion of financial results during the call [4] Business Line Data and Key Metrics Changes - Specific details regarding the performance of various business lines were not provided in the available content [5] Market Data and Key Metrics Changes - No specific market data or key metrics changes were mentioned in the provided content [5] Company Strategy and Development Direction and Industry Competition - The company will discuss corporate highlights and business operations during the call, indicating a focus on strategic direction [4] Management's Comments on Operating Environment and Future Outlook - Management will provide insights on the operating environment and future outlook during the Q&A session following their remarks [4] Other Important Information - The conference call is being recorded, and participants are in a listen-only mode [1] Q&A Session All Questions and Answers - No specific questions or answers from the Q&A session were included in the provided content [5]

NEW YORK, Nov. 12, 2024 /PRNewswire/ -- UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), announced its unaudited financial results for the third quarter ended September 30, 2024. UP Fintech reported record revenue of US$101.1 million in the third quarter, representing a 15.6% increase quarter-over-quarter (QoQ) and a 44.1% increase year-over-year (YoY). Non-GAAP net income attributable to UP Fintech shareholders was US$20.1 million, up 286.5% QoQ and 25.6% YoY. The Company added 60 ...

SINGAPORE, Nov. 12, 2024 (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 third quarter ended September 30, 2024. Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: “Both of our financial and operating performance have achieved significant growth in the third quarter. Total revenue reached US$101.1 million, a historical high and representing ...

SINGAPORE, Oct. 29, 2024 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that the underwriters of the Company’s follow-on public offering have fully exercised their option to purchase an aggregate of 2,250,000 additional American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, from the Company at the public offering price of US$6.25 per ADS. De ...

Company Overview - UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors, offering a proprietary mobile and online trading platform for trading in equities and other financial instruments across multiple exchanges worldwide [5]. - The company employs a "mobile first" strategy to enhance user experience, aiming to better serve and retain current customers while attracting new ones [5]. - UP Fintech provides comprehensive brokerage and value-added services, including trade order placement, margin financing, IPO subscription, ESOP management, investor education, community discussion, and customer support [5]. Financial Reporting - UP Fintech will report its financial results for the third quarter ended September 30, 2024, before the U.S. market opens on November 12, 2024 [1]. - An earnings conference call is scheduled for 8:00 AM U.S. Eastern Time on November 12, 2024, which corresponds to 9:00 PM Singapore/Hong Kong Time on the same day [1]. Conference Call Details - Participants must preregister online to receive dial-in numbers for the conference call, which may take a few minutes to complete [2]. - Upon registration, participants will receive confirmation emails with dial-in numbers and personal PINs to access the call, and they are advised to dial in 10 minutes prior to the start time [4]. - A live and archived webcast of the conference call will be available on the company's investor relations website [4].

SINGAPORE, Oct. 24, 2024 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced the closing of its public offering of 15,000,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, at a public offering price of US$6.25 per ADS. The underwriters have an option to purchase up to an aggregate of 2,250,000 additional ADSs from the Company at the publ ...

Exhibit 1.1 15,000,000 American Depositary Shares UP FINTECH HOLDING LIMITED Representing 225,000,000 Class A Ordinary Shares, Par Value US$0.00001 Per Share UNDERWRITING AGREEMENT October 22, 2024 Deutsche Bank AG, Hong Kong Branch Level 60, International Commerce Centre 1 Austin Road West, Kowloon, Hong Kong China International Capital Corporation Hong Kong Securities Limited 29/F, one International Finance Centre 1 Harbour View Street, Central Hong Kong US Tiger Securities, Inc. 437 Madison Avenue, 27th ...

SINGAPORE, Oct. 23, 2024 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced the pricing of a public offering of 15,000,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, at a public offering price of US$6.25 per ADS. The underwriters will have an option to purchase up to an aggregate of 2,250,000 additional ADSs from the Company at the p ...