FUTU(US:FUTU) Hua Er Jie Jian Wen·2025-08-20 10:04Core Insights - Futu Holdings reported a significant year-on-year revenue growth of 69.7% to HK$53.1 billion, with net profit soaring by 112.7% to HK$25.7 billion in Q2 2025 [1][3][5] Revenue and Profit Performance - The strong revenue performance was driven by a 87.4% increase in commission and fee income to HK$25.8 billion, attributed to a substantial rise in trading volume [3] - Interest income also saw a notable increase of 43.8% to HK$22.9 billion, benefiting from growth in securities lending, bank deposits, and margin financing [3][5] - The operating profit margin improved significantly from 47.3% in the same period last year to 63.0% [5] User Growth and Asset Scale - The number of funded accounts grew by 40.9% year-on-year to 2.877 million, with over 204,000 new accounts added in the quarter [3][6] - Total client assets surged by 68.1% to a record high of HK$973.9 billion, with net asset inflows in the first half of 2025 nearly doubling compared to the same period last year [3][6] Trading Activity - Total trading volume experienced a dramatic increase of 121.2% year-on-year to HK$35.9 trillion, with US stock trading contributing significantly [4][6] - US stock trading volume reached HK$27.0 trillion, while Hong Kong stock trading volume was HK$8.335 trillion [4] - The trading volume growth was catalyzed by market volatility and favorable policies in the cryptocurrency sector [4] Wealth Management Innovations - Futu's wealth management client assets reached HK$163.2 billion, reflecting a 104.4% year-on-year growth [4] - The company has introduced various innovative products, including Hong Kong and RMB-denominated bonds and structured products for retail investors [4]