Futu Holdings is expected to achieve a net profit of $1.49 billion in 2025, with the proposed fine from the China Securities Regulatory Commission amounting to approximately 18% of the profit.

BlockBeats News, May 22nd, following the China Securities Regulatory Commission's proposed penalty of approximately 18.5 billion RMB (about $2.71 billion) for Futu's related cross-border business activities, the market is concerned about its profitability and actual pressure level. Futu Holdings' 2025 financial report shows that the company achieved total revenue of 22.847 billion HKD for the year, a year-on-year increase of 68.1%; Non-GAAP net profit reached 11.645 billion HKD (about $1.49 billion), a year-on-year increase of 101.9%.

Based on the profit scale, the proposed penalty amount this time accounts for approximately 18% of Futu's 2025 Non-GAAP net profit. Market analysis believes that based on the current profitability, Futu has the ability to bear the related fine, but the increasingly strict supervision of cross-border business may have a continuous impact on the industry's future business model.

Previously reported, the China Securities Regulatory Commission issued an announcement stating that the illegal cross-border business activities of Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited violated Chinese securities, fund, and futures laws and regulations, disrupted the market order, and must be resolutely cracked down upon. According to relevant regulations, the CSRC intends to confiscate all illegal gains of Tiger, Futu, and Changqiao's domestic and foreign related entities and impose severe penalties in accordance with the law.