Futu's 2025 net profit hits $1.49 billion; proposed CSRC penalty equals about 18% of earnings

BlockBeats reported that on May 22, after the China Securities Regulatory Commission (CSRC) proposed a penalty of about RMB 1.85 billion (roughly $271 million) over Futu's cross-border business activities, investors began to focus on the company's earnings power and potential financial strain. According to Futu Holdings' 2025 results, annual revenue totaled HKD 22.847 billion, up 68.1% year on year. Non-GAAP net profit rose 101.9% to HKD 11.645 billion, or about $1.49 billion. By that measure, the proposed penalty would be equivalent to roughly 18% of Futu's 2025 Non-GAAP net profit. Analysts said Futu's current profitability suggests it can absorb the hit, though tighter oversight of cross-border operations could continue to reshape business models across the sector. The CSRC has previously said that certain Futu entities in mainland China and Hong Kong carried out securities, fund distribution and futures activities in mainland China without the required approvals, in breach of regulations including the Securities Law.