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

On May 22, after the China Securities Regulatory Commission (CSRC) proposed a roughly $2.71 billion fine (equivalent to around 18.5 billion yuan) against Futu Holdings over its cross-border business activities, the market is focused on the firm’s profit performance and financial ability to absorb such costs. Futu Holdings’ 2025 annual report reveals the company posted total revenue of HK$22.847 billion, up 68.1% year-over-year (YoY). Non-GAAP net profit reached HK$11.645 billion (about $1.49 billion), a 101.9% increase from the previous year. In terms of profit scale, the proposed fine accounts for roughly 18% of Futu’s 2025 Non-GAAP net profit. Market analysts believe that given its current profit level, Futu has sufficient capacity to bear the fine. However, stricter regulation of cross-border business may continue to impact the future business models of the broader industry. Previously, the CSRC stated that certain Futu entities based in mainland China and Hong Kong conducted securities, fund sales, and futures business operations within mainland China without proper authorization, violating the Securities Law and other relevant laws and regulations.