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2022-03-18
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Over 90% of UP Fintech’s Q4 Newly Funded Accounts Came from Outside China, Achieving 119% of the Annual Target<blockquote>老虎证券Q4新增资金账户超九成来自境外完成全年目标119%</blockquote>
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Total revenue in the fourth quarter was US$62.2 million, and total revenue for the year 2021 reached US$264.5 million, a year-over-year increase of 91%. Non-GAAP net income was US$24.5 million.</p><p><blockquote><html><head></head><body>专注于全球投资者的领先在线经纪公司老虎证券控股有限公司（“公司”，一家纳斯达克上市公司，股票代码为“TIGR”，及其所有子公司和合并实体）今天公布了其未经审计的财务业绩截至2021年12月31日的第四季度和全年。第四季度总收入为6220万美元，2021年全年总收入达到2.645亿美元，同比增长91%。非公认会计准则净利润为2450万美元。</body></html></blockquote></p><p>At the end of 2021, customer accounts totaled 1.8 million, and the number of customers with deposits increased to 673,400. Furthermore, the company added 414,700 new funded accounts in 2021, more than all of its past annual funded account growth combined. In total, the company achieved 119% of its annual funded account growth target in 2021. During the fourth quarter, the company’s trading volume increased to US$85.9 billion, with total client assets reaching US$17.1 billion. The company’s annual trading volume totaled US$404.3 billion, 1.8 times that of the previous year.</p><p><blockquote>2021年末，客户账户总数180万户，存款客户数增至67.34万户。此外，该公司在2021年新增了414,700个资金账户，超过了其过去所有年度资金账户增长的总和。总体而言，该公司在2021年实现了年度资金账户增长目标的119%。第四季度，公司交易量增至859亿美元，客户总资产达171亿美元。公司全年交易额总计4043亿美元，是上年的1.8倍。</blockquote></p><p>Mr. Wu Tianhua, CEO and founder of UP Fintech commented, “In 2021, despite fluctuations in global financial markets and significant uncertainties, our focus on our internationalization strategy drove steady growth. In thefourth quarter, over 90% of new funded accounts came from international markets, with a large portion of the new funded accounts coming from Singapore. UP Fintech maintains leading market share in Singapore and the company's Singapore headquarters contributed to making the market as one of key growth drivers, both in the number of total accounts and newly acquired accounts. The fourth quarter was the third consecutive quarter of more than 100% year-over-year growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore's population aged 20 and above. In the year since we began to ramp up our self-clearing capabilities, we have made substantial progress and now self-clear over 80% of customers’ U.S. cash equities trades. Our firm’s capability to deploy proprietary technologies on our fintech platform demonstrates the contributions that Chinese innovation is making to the global brokerage industry. Our B2B businesses reached new milestones this year: as of December 31st, 2021, 90% of new issuers with market capitalization in excess ofHK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service. Overall, our company’s comprehensive enterprise services are gaining increasing recognition within the industry. In coming years, the company looks forward to entering new international markets and enabling a greater range of investors to allocate their assets globally on our innovative fintech platform.”</p><p><blockquote>老虎证券首席执行官兼创始人巫天华先生评论道：“2021年，尽管全球金融市场波动，存在重大不确定性，但我们对国际化战略的关注推动了稳定增长。第四季度，超过90%的新资金账户来自国际市场，其中很大一部分新资金账户来自新加坡。老虎证券在新加坡保持领先的市场份额，该公司的新加坡总部使该市场成为主要增长动力之一，无论是在总账户数量还是新收购的账户数量方面。第四季度是新加坡基金账户连续第三个季度同比增长超过100%。新加坡的注册账户总数现在占新加坡20岁及以上人口的15%。自我们开始提升自我清算能力以来的一年里，我们取得了实质性进展，目前已实现超过80%客户美国现金股票交易的自我清算。我们公司在我们的金融科技平台上部署专有技术的能力证明了中国创新正在为全球经纪行业做出的贡献。我们的B2B业务今年达到了新的里程碑：截至2021年12月31日，90%的香港市值超过1000亿港元的新发行人和100%的美国ADR新发行人与老虎证券投行合作或选择使用公司的ESOP服务。总体而言，我公司的企业综合服务在行业内获得越来越多的认可。未来几年，公司期待进入新的国际市场，让更多的投资者能够在我们创新的金融科技平台上进行全球资产配置。”</blockquote></p><p><b>Over 90% of Newly Funded Accounts Came from Outside China as the Company Executes on its Global Expansion Strategy</b></p><p><blockquote><b>随着公司执行其全球扩张战略，超过90%的新融资账户来自中国以外地区</b></blockquote></p><p>Driven by strong growth in international markets,UP Fintechfurther expanded its client base. The company added 61,400 new funded accounts during the fourth quarter of which over 90% came from outside China. Furthermore, in 2021, the company added a total of 414,700 new funded accounts, achieving 119% of its annual target. In the fourth quarter, the company's trading volume was US$85.9 billion, client assets reached US$17.1 billion, commission income was up to US$29.9 million, and interest-related income increased to US$22.5 million.</p><p><blockquote>在国际市场强劲增长的推动下，UP Fintech进一步扩大了客户群。该公司第四季度新增资金账户61,400个，其中90%以上来自中国境外。此外，2021年公司共新增资金账户41.47万户，完成年度目标的119%。第四季度，公司交易量为859亿美元，客户资产达到171亿美元，佣金收入高达2990万美元，利息相关收入增至2250万美元。</blockquote></p><p>At a time of global macroeconomic uncertainty, UP Fintechcontinues focus on its long-term expansion plans with a focus on improving the customer experience. To increase customer choice on its platform, the company recently added new functions such as bracket orders and a new display for analyzing diluted cost positions. The company also recently added an option screener and option list to better meet the needs of investors who trade options. In Australia,UP Fintechbegan to meet the needs of local investors by adding multi-dimensional analysis tools and real-time level 2 market data. Investors on the firm’s platform may view a rich range of financial metrics such as capital flow analysis and lists of corporate actions.</p><p><blockquote>在全球宏观经济不确定之际，UP Fintech继续专注于其长期扩张计划，重点是改善客户体验。为了增加客户在其平台上的选择，该公司最近增加了新功能，例如支架订单和用于分析摊薄成本头寸的新显示屏。该公司最近还增加了期权筛选器和期权列表，以更好地满足交易期权的投资者的需求。在澳大利亚，UP Fintech开始通过增加多维度分析工具和实时二级市场数据来满足当地投资者的需求。该公司平台上的投资者可以查看丰富的财务指标，例如资金流分析和公司行动列表。</blockquote></p><p></p><p>In addition,the company's wealth management business continued to attract more clients as the number of available investment products continued to rise. At the end of the fourth quarter, the company’s Fund Mall enabled another 661 funds for investors to choose from. As the selection of funds has increased, the number of customers investing in the Fund Mall increased by 377.5% year-over-year, and the AUM of the Fund Mall increased by 290.1% year-over-year. ForCash Plus, the company’s idle cash management product,the number of customers and their cumulative transfer value during the fourth quarter was nearly double that of the same period last year. The company also added HKD and SGD currencies to the Fund Mall to further meet customers global asset allocation needs.</p><p><blockquote>此外，随着可供投资产品数量持续上升，公司的财富管理业务继续吸引更多客户。四季度末，公司基金商城又启用了661只基金供投资者选择。随着基金选择增多，基金商城投资客户数同比增长377.5%，基金商城AUM同比增长290.1%。该公司闲置现金管理产品ForCash Plus在第四季度的客户数量及其累计转账价值几乎是去年同期的两倍。公司还在基金商城新增港币和新加坡元币种，进一步满足客户全球资产配置需求。</blockquote></p><p>The company offered 26 IPO subscriptions in Hong Kong and The U.S. during the fourth quarter, including several high-profile listings such as those of NetEase Cloud Music and Sense Time. For the full year 2021, the company in total offered 123 IPO subscriptions.The company is becoming one of the top platforms for retail investors to participate in new listings in Hong Kong; retail orders for larger listings such as those of Kuaishou and JD Logistics exceeded HK$10 billion. The company also assisted issuers in connecting with its investor base and highlighting their business performance by helping them hold online roadshows and broadcasting their earnings conference calls. During the year, the company held more than 60% of courses about high-quality Asian assets to investors.</p><p><blockquote>第四季度，该公司在香港和美国进行了26次IPO认购，其中包括网易云音乐和Sense Time等几次备受瞩目的上市。2021年全年，该公司共进行了123次IPO认购。公司正成为散户参与香港打新的顶级平台之一；快手、京东物流等规模较大的上市零售订单超过100亿港元。该公司还通过帮助发行人举办在线路演和评级直播财报会议，协助发行人与投资者群体建立联系，突出其业务表现。年内，该公司向投资者举办了超过60%的有关优质亚洲资产的课程。</blockquote></p><p>The company continued to invest in key brokerage technologies to enhance its capability to manage securities trading from the front end to execution and clearing. Self-clearing has long been the purview of traditional banks, but the company continues to ramp up its capability to conduct self-clearing and by the end of the fourth quarter, over 80% of clients were having their U.S. cash equities trades self-cleared. As a result of the company’s investment in clearing technology, clearing costsdeclined quarter over quarter by 27.8%.</p><p><blockquote>本公司继续投资于关键经纪技术，以提升其从前端到执行和清算的证券交易管理能力。自我清算长期以来一直是传统银行的职权范围，但该公司继续增强其进行自我清算的能力，到第四季度末，超过80%的客户在美国现金股票交易中进行了自我清算。由于公司对清算技术的投资，清算成本环比下降27.8%。</blockquote></p><p>As part of its international expansion, the company continued to obtain new licenses and qualifications in multiple international jurisdictions. The firm now holds 50 licenses and qualifications across 37 categories in Hong Kong, Singapore, The U.S., New Zealand, and Australia. The company looks forward to using these licenses to further support its international expansion.</p><p><blockquote>作为其国际扩张的一部分，该公司继续在多个国际司法管辖区获得新的许可证和资格。该公司目前在香港、新加坡、美国、新西兰和澳大利亚拥有37个类别的50个执照和资格。该公司期待利用这些许可证进一步支持其国际扩张。</blockquote></p><p>UP Fintechis also receiving growing recognition in international capital markets and in 2021 was selected for inclusion in the MSCI China All Shares Index and the MSCI China Small Cap Index.</p><p><blockquote>UP Fintechis在国际资本市场也获得了越来越多的认可，并于2021年入选MSCI中国全股指数和MSCI中国小型股指数。</blockquote></p><p><b>The fourth quarter was the third consecutive quarter of more than 100% YoY growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore's population aged 20+</b></p><p><blockquote><b>第四季度是新加坡基金账户连续第三个季度同比增长超过100%。新加坡的注册账户总数现在占新加坡20岁以上人口的15%</b></blockquote></p><p>Since entering Singapore in February 2020,UP Fintechhas continued to consolidate its position in the local market. More than half of new funded accounts in the fourth quarter came from Singapore. According to App Annie, as of the end of 2021, as measured by the total number of accounts and downloads,UP Fintech’s flagship mobile trading App, Tiger Trade, led the online brokerage market in Singapore.The fourth quarter wasthe third consecutive quarter of over 100%year-over-yeargrowth in funded accounts in Singapore,and the numberof registered accounts now represents 15% of Singapore's population aged 20or above. In addition, approximately 30% of the new funded accountsin Singaporein the fourth quarter came from users over the age of 40, which demonstrates the firm’s trading platform appeals to a wide range of investors.</p><p><blockquote>自2020年2月进入新加坡以来，UP Fintechhas不断巩固其在当地市场的地位。第四季度超过一半的新增资金账户来自新加坡。根据App Annie的数据，截至2021年底，以账户总数和下载量衡量，老虎证券的旗舰移动交易应用Tiger Trade在新加坡的在线经纪市场处于领先地位。第四季度是新加坡资金账户连续第三个季度同比增长超过100%，注册账户数量目前占新加坡20岁或以上人口的15%。此外，第四季度新加坡约30%的新增资金账户来自40岁以上的用户，这表明该公司的交易平台对广泛的投资者具有吸引力。</blockquote></p><p>UP Fintech’s leading position in the Singapore market is due to its relentless focus on localization. In the fourth quarter, to better meet the needs of local clients, the company added a new module to allow easy display of Singapore companies listed in The U.S. market. The company also added new features such as industry classifications and sponsor data to assist customers learn more about local investment opportunities.</p><p><blockquote>老虎证券在新加坡市场的领先地位得益于其对本地化的不懈关注。第四季度，为了更好地满足当地客户的需求，该公司增加了一个新模块，可以轻松展示在美国市场上市的新加坡公司。该公司还增加了行业分类和赞助商数据等新功能，以帮助客户更多地了解当地的投资机会。</blockquote></p><p>In the fourth quarter, the company offered customers in Singapore the opportunity to subscribe shares from two local issuers. The company also enabled institutional clients in Singapore the ability to participate in the global offerings of new issuers in Hong Kong, further increasing the ability of local investors to participate in China’s capital markets.</p><p><blockquote>第四季度，该公司为新加坡客户提供了认购两家当地发行人股票的机会。本公司亦为新加坡机构客户提供参与香港新发行人全球发售的能力，进一步提升本地投资者参与中国资本市场的能力。</blockquote></p><p></p><p>The AUM ofUP Fintech’swealth management business in Singapore increased by 186.5% while the number of customers increased by 223.9% quarter-over-quarter respectively. To increase the value proposition of Cash Plus in international markets, the company introduced lower thresholds for customers to invest their capital in Cash Plus. Local customers may now invest in Cash Plus with just 1 USD, 1 SGD, or 5 HKD and may transfer their funds in and out at any time. During the year, the company joined the Securities Association of Singapore and was honored that its subsidiary, Tiger Brokers (Singapore) Pte. Ltd., was officially admitted as a trading member of Singapore Exchange Securities Trading Limited and Singapore Exchange Derivatives Trading Limited, and clearing member and depository agent of The Central Depository (Pte) Limited. The company is the first fintech enabled brokerage in the world to obtain such qualifications in Singapore. In November 2021, UP Fintech’s Singapore subsidiary was Named as "Asia's Most Innovative Company" by Fortune Times, a Singapore based business magazine, demonstrating the company’s innovative platform is gaining increasing recognition from local media.</p><p><blockquote>FUP Fintech在新加坡的财富管理业务AUM增长186.5%，客户数量环比增长223.9%。为了提高Cash Plus在国际市场上的价值主张，该公司降低了客户投资Cash Plus的门槛。本地客户现在只需1美元、1新加坡元或5 HKD即可投资Cash Plus，并可随时转入和转出资金。年内，本公司加入新加坡证券业协会，并荣幸地获得其附属公司老虎证券（新加坡）私人有限公司。有限公司，正式获接纳为新加坡交易所证券交易有限公司及新加坡交易所衍生品交易有限公司的交易会员，以及中央存管（私人）有限公司的结算会员及存管代理人。该公司是全球首家在新加坡获得此类资格的金融科技券商。2021年11月，老虎证券新加坡子公司被新加坡商业杂志《财富时报》评为“亚洲最具创新力公司”，表明该公司的创新平台越来越受到当地媒体的认可。</blockquote></p><p><b>The Cumulative Number of ESOP Clients at the End of 2021 was 2.5X Higher than the Year Before and Annual Enterprise Services Revenue Increased by 67%</b></p><p><blockquote><b>2021年底员工持股计划累计客户数较上年增长2.5倍，全年企业服务收入增长67%</b></blockquote></p><p>Corporate services such as investment banking and ESOP have become a new driver of the company’s long-term growth. According to the company’s Q4 financial results, other revenues, which includes revenue from investment banking and ESOP, reached US$9.8 million in Q4, and annual revenue from this segment reached US$37.7 million, an increase of 67% from the prior year.</p><p><blockquote>投行、ESOP等企业服务成为公司长期增长的新动能。根据该公司第四季度财务业绩，包括投资银行和ESOP收入在内的其他收入在第四季度达到980万美元，该部门的年收入达到3770万美元，同比增长67%。</blockquote></p><p>As of December 31st, 2021, 90% of new issuers with market capitalization in excess of HK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service.</p><p><blockquote>截至2021年12月31日，90%的港股市值超过1000亿港元的新发行人和100%的市值超过10亿美元的美国ADR新发行人与老虎证券的投行合作或选择使用公司的ESOP服务。</blockquote></p><p></p><p>During the fourth quarter, the company leveraged the strength of its innovative platform and comprehensive range of services to participate in the underwriting and distribution of 22 listings in The U.S. and Hong Kong. In Hong Kong, the company acted as an underwriter in the global offerings of NetEase Cloud Music, Sense Time, and Airdoc. For the listing of NetEase Cloud Music, the company was the sole online broker to participate in the global offering. In The U.S., the company leveraged its rich investment banking experience, licenses, and technical capabilities to serve as an underwriter for 15 U.S. IPOs. The 2021 IPO of Kuke Music was another notable milestone for the company; the company was the first online broker to serve as the lead underwriter in a U.S. IPO.</p><p><blockquote>第四季度，公司凭借其创新平台和全面服务的优势，参与了22家美国和香港上市公司的承销和分销。在香港，该公司担任网易云音乐、商感时间、鹰瞳全球发售的承销商。对于网易云音乐的上市，公司是唯一参与全球发售的网上经纪。在美国，该公司利用其丰富的投行经验、牌照和技术能力，担任了15起美国IPO的承销商。库客音乐2021年IPO是该公司另一个值得注意的里程碑；该公司是第一家在美国IPO中担任主承销商的在线经纪商。</blockquote></p><p>In the fourth quarter, the company’s investment bank continued to provide a rich range of services to next generation technology companies at multiple stages of their growth, from pre-IPO financial advisory to post listing capital markets services. In 2021, the company provided financial advisory services to over 30 companies. Finally, the company also assisted Canadian Solar conduct an ATM (At The Market) offering to raise additional capital to support the expansion of its green energy business.</p><p><blockquote>第四季度，该公司的投资银行继续为处于多个成长阶段的下一代科技公司提供丰富的服务，从IPO前的财务咨询到上市后的资本市场服务。2021年，公司为30多家公司提供财务顾问服务。最后，该公司还协助阿特斯阳光电力进行ATM（在市场上）发行，以筹集额外资金支持其绿色能源业务的扩张。</blockquote></p><p>With regards to the company’s ESOP business,UP Fintechadded 51 new clients during the quarter. Despite launching the business just over three years ago, the total number of clients served by the company’s ESOP system reached 313, an increase of 152.4% year-over-year. The company’s ESOP system has extensive capabilities that allow it serve clients listed in Hong Kong, The U.S., and China; the company’s ESOP system also serves a diverse range of pre-IPO clients.</p><p><blockquote>关于公司的ESOP业务，UP Fintech在本季度增加了51个新客户。尽管开展业务仅三年多，但该公司ESOP系统服务的客户总数达到313家，同比增长152.4%。该公司的员工持股计划系统具有广泛的能力，使其能够为在香港、美国和中国上市的客户提供服务；该公司的员工持股计划系统还为各种IPO前客户提供服务。</blockquote></p><p>As a global ESOP provider, the company offers comprehensive services for corporate ESOP management across multiple capital markets. In the fourth quarter, Tiger ESOP provided the pharmaceutical R&D company, Pharmaron, with equity incentive management solutions for both A+H share capital markets. At the same time,UP Fintechalso provided ESOP-related tax, foreign exchange, and other specialized services for Pharmaron’'s multinational employee base that includes British, American, and Chinese nationals. UP Fintech’s capability to provide ESOP and other ancillary services across multiple capital markets and nationalities is a testament to the sophistication of its ESOP system and ability to meet clients’ complex needs.</p><p><blockquote>作为全球员工持股计划提供商，公司为多个资本市场的企业员工持股计划管理提供全面服务。第四季度，老虎ESOP为医药研发公司康龙化成提供了A+H股资本市场的股权激励管理解决方案。同时，UP Fintech还为康龙化成的跨国员工群体（包括英国、美国和中国公民）提供员工持股计划相关的税务、外汇和其他专业服务。老虎证券在多个资本市场和国家提供员工持股计划和其他辅助服务的能力证明了其员工持股计划系统的复杂性和满足客户复杂需求的能力。</blockquote></p><p></p><p>On the company’s vibrant social media community, The Tiger Community, 35 new corporations opened enterprise accounts in the fourth quarter, including seven internationally renowned fund companies, such as Fidelity International and Lion Global Investors. As more and more corporations open enterprise accounts in the Tiger Community, the company’s 9+ million user base is able to increase its interaction and understanding of the vast range of issuers and fund companies present in the community.</p><p><blockquote>在该公司充满活力的社交媒体社区老虎社区上，第四季度有35家新公司开设了企业账户，其中包括富达国际和Lion Global Investors等7家国际知名基金公司。随着越来越多的公司在老虎社区开设企业账户，该公司的900多万用户群能够增加其与社区中众多发行人和基金公司的互动和了解。</blockquote></p><p>UP Fintech’s online community continues to build its position as a preferred investor relations & PR platform for next generation technology companies. The company recently assisted Xiaomi hold an online product launch, helped organize an online conference for Kuaishou, and held a listing anniversary for Dada Nexus. Corporates are drawn to enterprise accounts as they may employ innovative marketing materials, such as interactive graphics and livestreams, to directly connect with investors and customers.Many enterprise accounts have already received over one million views and the company looks forward to inviting more investors and corporates to participate in its online community.</p><p><blockquote>老虎证券的在线社区继续巩固其作为下一代技术公司首选投资者关系和公关平台的地位。公司近期协助小米举办线上产品发布会，帮助快手组织线上发布会，为达达Nexus举办上市周年纪念活动。企业被企业账户所吸引，因为他们可能会采用创新的营销材料，如互动图形和直播，直接与投资者和客户联系。许多企业账户的浏览量已超过100万次，该公司期待邀请更多投资者和企业参与其在线社区。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Over 90% of UP Fintech’s Q4 Newly Funded Accounts Came from Outside China, Achieving 119% of the Annual Target<blockquote>老虎证券Q4新增资金账户超九成来自境外完成全年目标119%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOver 90% of UP Fintech’s Q4 Newly Funded Accounts Came from Outside China, Achieving 119% of the Annual Target<blockquote>老虎证券Q4新增资金账户超九成来自境外完成全年目标119%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2022-03-18 16:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2021. Total revenue in the fourth quarter was US$62.2 million, and total revenue for the year 2021 reached US$264.5 million, a year-over-year increase of 91%. Non-GAAP net income was US$24.5 million.</p><p><blockquote><html><head></head><body>专注于全球投资者的领先在线经纪公司老虎证券控股有限公司（“公司”，一家纳斯达克上市公司，股票代码为“TIGR”，及其所有子公司和合并实体）今天公布了其未经审计的财务业绩截至2021年12月31日的第四季度和全年。第四季度总收入为6220万美元，2021年全年总收入达到2.645亿美元，同比增长91%。非公认会计准则净利润为2450万美元。</body></html></blockquote></p><p>At the end of 2021, customer accounts totaled 1.8 million, and the number of customers with deposits increased to 673,400. Furthermore, the company added 414,700 new funded accounts in 2021, more than all of its past annual funded account growth combined. In total, the company achieved 119% of its annual funded account growth target in 2021. During the fourth quarter, the company’s trading volume increased to US$85.9 billion, with total client assets reaching US$17.1 billion. The company’s annual trading volume totaled US$404.3 billion, 1.8 times that of the previous year.</p><p><blockquote>2021年末，客户账户总数180万户，存款客户数增至67.34万户。此外，该公司在2021年新增了414,700个资金账户，超过了其过去所有年度资金账户增长的总和。总体而言，该公司在2021年实现了年度资金账户增长目标的119%。第四季度，公司交易量增至859亿美元，客户总资产达171亿美元。公司全年交易额总计4043亿美元，是上年的1.8倍。</blockquote></p><p>Mr. Wu Tianhua, CEO and founder of UP Fintech commented, “In 2021, despite fluctuations in global financial markets and significant uncertainties, our focus on our internationalization strategy drove steady growth. In thefourth quarter, over 90% of new funded accounts came from international markets, with a large portion of the new funded accounts coming from Singapore. UP Fintech maintains leading market share in Singapore and the company's Singapore headquarters contributed to making the market as one of key growth drivers, both in the number of total accounts and newly acquired accounts. The fourth quarter was the third consecutive quarter of more than 100% year-over-year growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore's population aged 20 and above. In the year since we began to ramp up our self-clearing capabilities, we have made substantial progress and now self-clear over 80% of customers’ U.S. cash equities trades. Our firm’s capability to deploy proprietary technologies on our fintech platform demonstrates the contributions that Chinese innovation is making to the global brokerage industry. Our B2B businesses reached new milestones this year: as of December 31st, 2021, 90% of new issuers with market capitalization in excess ofHK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service. Overall, our company’s comprehensive enterprise services are gaining increasing recognition within the industry. In coming years, the company looks forward to entering new international markets and enabling a greater range of investors to allocate their assets globally on our innovative fintech platform.”</p><p><blockquote>老虎证券首席执行官兼创始人巫天华先生评论道：“2021年，尽管全球金融市场波动，存在重大不确定性，但我们对国际化战略的关注推动了稳定增长。第四季度，超过90%的新资金账户来自国际市场，其中很大一部分新资金账户来自新加坡。老虎证券在新加坡保持领先的市场份额，该公司的新加坡总部使该市场成为主要增长动力之一，无论是在总账户数量还是新收购的账户数量方面。第四季度是新加坡基金账户连续第三个季度同比增长超过100%。新加坡的注册账户总数现在占新加坡20岁及以上人口的15%。自我们开始提升自我清算能力以来的一年里，我们取得了实质性进展，目前已实现超过80%客户美国现金股票交易的自我清算。我们公司在我们的金融科技平台上部署专有技术的能力证明了中国创新正在为全球经纪行业做出的贡献。我们的B2B业务今年达到了新的里程碑：截至2021年12月31日，90%的香港市值超过1000亿港元的新发行人和100%的美国ADR新发行人与老虎证券投行合作或选择使用公司的ESOP服务。总体而言，我公司的企业综合服务在行业内获得越来越多的认可。未来几年，公司期待进入新的国际市场，让更多的投资者能够在我们创新的金融科技平台上进行全球资产配置。”</blockquote></p><p><b>Over 90% of Newly Funded Accounts Came from Outside China as the Company Executes on its Global Expansion Strategy</b></p><p><blockquote><b>随着公司执行其全球扩张战略，超过90%的新融资账户来自中国以外地区</b></blockquote></p><p>Driven by strong growth in international markets,UP Fintechfurther expanded its client base. The company added 61,400 new funded accounts during the fourth quarter of which over 90% came from outside China. Furthermore, in 2021, the company added a total of 414,700 new funded accounts, achieving 119% of its annual target. In the fourth quarter, the company's trading volume was US$85.9 billion, client assets reached US$17.1 billion, commission income was up to US$29.9 million, and interest-related income increased to US$22.5 million.</p><p><blockquote>在国际市场强劲增长的推动下，UP Fintech进一步扩大了客户群。该公司第四季度新增资金账户61,400个，其中90%以上来自中国境外。此外，2021年公司共新增资金账户41.47万户，完成年度目标的119%。第四季度，公司交易量为859亿美元，客户资产达到171亿美元，佣金收入高达2990万美元，利息相关收入增至2250万美元。</blockquote></p><p>At a time of global macroeconomic uncertainty, UP Fintechcontinues focus on its long-term expansion plans with a focus on improving the customer experience. To increase customer choice on its platform, the company recently added new functions such as bracket orders and a new display for analyzing diluted cost positions. The company also recently added an option screener and option list to better meet the needs of investors who trade options. In Australia,UP Fintechbegan to meet the needs of local investors by adding multi-dimensional analysis tools and real-time level 2 market data. Investors on the firm’s platform may view a rich range of financial metrics such as capital flow analysis and lists of corporate actions.</p><p><blockquote>在全球宏观经济不确定之际，UP Fintech继续专注于其长期扩张计划，重点是改善客户体验。为了增加客户在其平台上的选择，该公司最近增加了新功能，例如支架订单和用于分析摊薄成本头寸的新显示屏。该公司最近还增加了期权筛选器和期权列表，以更好地满足交易期权的投资者的需求。在澳大利亚，UP Fintech开始通过增加多维度分析工具和实时二级市场数据来满足当地投资者的需求。该公司平台上的投资者可以查看丰富的财务指标，例如资金流分析和公司行动列表。</blockquote></p><p></p><p>In addition,the company's wealth management business continued to attract more clients as the number of available investment products continued to rise. At the end of the fourth quarter, the company’s Fund Mall enabled another 661 funds for investors to choose from. As the selection of funds has increased, the number of customers investing in the Fund Mall increased by 377.5% year-over-year, and the AUM of the Fund Mall increased by 290.1% year-over-year. ForCash Plus, the company’s idle cash management product,the number of customers and their cumulative transfer value during the fourth quarter was nearly double that of the same period last year. The company also added HKD and SGD currencies to the Fund Mall to further meet customers global asset allocation needs.</p><p><blockquote>此外，随着可供投资产品数量持续上升，公司的财富管理业务继续吸引更多客户。四季度末，公司基金商城又启用了661只基金供投资者选择。随着基金选择增多，基金商城投资客户数同比增长377.5%，基金商城AUM同比增长290.1%。该公司闲置现金管理产品ForCash Plus在第四季度的客户数量及其累计转账价值几乎是去年同期的两倍。公司还在基金商城新增港币和新加坡元币种，进一步满足客户全球资产配置需求。</blockquote></p><p>The company offered 26 IPO subscriptions in Hong Kong and The U.S. during the fourth quarter, including several high-profile listings such as those of NetEase Cloud Music and Sense Time. For the full year 2021, the company in total offered 123 IPO subscriptions.The company is becoming one of the top platforms for retail investors to participate in new listings in Hong Kong; retail orders for larger listings such as those of Kuaishou and JD Logistics exceeded HK$10 billion. The company also assisted issuers in connecting with its investor base and highlighting their business performance by helping them hold online roadshows and broadcasting their earnings conference calls. During the year, the company held more than 60% of courses about high-quality Asian assets to investors.</p><p><blockquote>第四季度，该公司在香港和美国进行了26次IPO认购，其中包括网易云音乐和Sense Time等几次备受瞩目的上市。2021年全年，该公司共进行了123次IPO认购。公司正成为散户参与香港打新的顶级平台之一；快手、京东物流等规模较大的上市零售订单超过100亿港元。该公司还通过帮助发行人举办在线路演和评级直播财报会议，协助发行人与投资者群体建立联系，突出其业务表现。年内，该公司向投资者举办了超过60%的有关优质亚洲资产的课程。</blockquote></p><p>The company continued to invest in key brokerage technologies to enhance its capability to manage securities trading from the front end to execution and clearing. Self-clearing has long been the purview of traditional banks, but the company continues to ramp up its capability to conduct self-clearing and by the end of the fourth quarter, over 80% of clients were having their U.S. cash equities trades self-cleared. As a result of the company’s investment in clearing technology, clearing costsdeclined quarter over quarter by 27.8%.</p><p><blockquote>本公司继续投资于关键经纪技术，以提升其从前端到执行和清算的证券交易管理能力。自我清算长期以来一直是传统银行的职权范围，但该公司继续增强其进行自我清算的能力，到第四季度末，超过80%的客户在美国现金股票交易中进行了自我清算。由于公司对清算技术的投资，清算成本环比下降27.8%。</blockquote></p><p>As part of its international expansion, the company continued to obtain new licenses and qualifications in multiple international jurisdictions. The firm now holds 50 licenses and qualifications across 37 categories in Hong Kong, Singapore, The U.S., New Zealand, and Australia. The company looks forward to using these licenses to further support its international expansion.</p><p><blockquote>作为其国际扩张的一部分，该公司继续在多个国际司法管辖区获得新的许可证和资格。该公司目前在香港、新加坡、美国、新西兰和澳大利亚拥有37个类别的50个执照和资格。该公司期待利用这些许可证进一步支持其国际扩张。</blockquote></p><p>UP Fintechis also receiving growing recognition in international capital markets and in 2021 was selected for inclusion in the MSCI China All Shares Index and the MSCI China Small Cap Index.</p><p><blockquote>UP Fintechis在国际资本市场也获得了越来越多的认可，并于2021年入选MSCI中国全股指数和MSCI中国小型股指数。</blockquote></p><p><b>The fourth quarter was the third consecutive quarter of more than 100% YoY growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore's population aged 20+</b></p><p><blockquote><b>第四季度是新加坡基金账户连续第三个季度同比增长超过100%。新加坡的注册账户总数现在占新加坡20岁以上人口的15%</b></blockquote></p><p>Since entering Singapore in February 2020,UP Fintechhas continued to consolidate its position in the local market. More than half of new funded accounts in the fourth quarter came from Singapore. According to App Annie, as of the end of 2021, as measured by the total number of accounts and downloads,UP Fintech’s flagship mobile trading App, Tiger Trade, led the online brokerage market in Singapore.The fourth quarter wasthe third consecutive quarter of over 100%year-over-yeargrowth in funded accounts in Singapore,and the numberof registered accounts now represents 15% of Singapore's population aged 20or above. In addition, approximately 30% of the new funded accountsin Singaporein the fourth quarter came from users over the age of 40, which demonstrates the firm’s trading platform appeals to a wide range of investors.</p><p><blockquote>自2020年2月进入新加坡以来，UP Fintechhas不断巩固其在当地市场的地位。第四季度超过一半的新增资金账户来自新加坡。根据App Annie的数据，截至2021年底，以账户总数和下载量衡量，老虎证券的旗舰移动交易应用Tiger Trade在新加坡的在线经纪市场处于领先地位。第四季度是新加坡资金账户连续第三个季度同比增长超过100%，注册账户数量目前占新加坡20岁或以上人口的15%。此外，第四季度新加坡约30%的新增资金账户来自40岁以上的用户，这表明该公司的交易平台对广泛的投资者具有吸引力。</blockquote></p><p>UP Fintech’s leading position in the Singapore market is due to its relentless focus on localization. In the fourth quarter, to better meet the needs of local clients, the company added a new module to allow easy display of Singapore companies listed in The U.S. market. The company also added new features such as industry classifications and sponsor data to assist customers learn more about local investment opportunities.</p><p><blockquote>老虎证券在新加坡市场的领先地位得益于其对本地化的不懈关注。第四季度，为了更好地满足当地客户的需求，该公司增加了一个新模块，可以轻松展示在美国市场上市的新加坡公司。该公司还增加了行业分类和赞助商数据等新功能，以帮助客户更多地了解当地的投资机会。</blockquote></p><p>In the fourth quarter, the company offered customers in Singapore the opportunity to subscribe shares from two local issuers. The company also enabled institutional clients in Singapore the ability to participate in the global offerings of new issuers in Hong Kong, further increasing the ability of local investors to participate in China’s capital markets.</p><p><blockquote>第四季度，该公司为新加坡客户提供了认购两家当地发行人股票的机会。本公司亦为新加坡机构客户提供参与香港新发行人全球发售的能力，进一步提升本地投资者参与中国资本市场的能力。</blockquote></p><p></p><p>The AUM ofUP Fintech’swealth management business in Singapore increased by 186.5% while the number of customers increased by 223.9% quarter-over-quarter respectively. To increase the value proposition of Cash Plus in international markets, the company introduced lower thresholds for customers to invest their capital in Cash Plus. Local customers may now invest in Cash Plus with just 1 USD, 1 SGD, or 5 HKD and may transfer their funds in and out at any time. During the year, the company joined the Securities Association of Singapore and was honored that its subsidiary, Tiger Brokers (Singapore) Pte. Ltd., was officially admitted as a trading member of Singapore Exchange Securities Trading Limited and Singapore Exchange Derivatives Trading Limited, and clearing member and depository agent of The Central Depository (Pte) Limited. The company is the first fintech enabled brokerage in the world to obtain such qualifications in Singapore. In November 2021, UP Fintech’s Singapore subsidiary was Named as "Asia's Most Innovative Company" by Fortune Times, a Singapore based business magazine, demonstrating the company’s innovative platform is gaining increasing recognition from local media.</p><p><blockquote>FUP Fintech在新加坡的财富管理业务AUM增长186.5%，客户数量环比增长223.9%。为了提高Cash Plus在国际市场上的价值主张，该公司降低了客户投资Cash Plus的门槛。本地客户现在只需1美元、1新加坡元或5 HKD即可投资Cash Plus，并可随时转入和转出资金。年内，本公司加入新加坡证券业协会，并荣幸地获得其附属公司老虎证券（新加坡）私人有限公司。有限公司，正式获接纳为新加坡交易所证券交易有限公司及新加坡交易所衍生品交易有限公司的交易会员，以及中央存管（私人）有限公司的结算会员及存管代理人。该公司是全球首家在新加坡获得此类资格的金融科技券商。2021年11月，老虎证券新加坡子公司被新加坡商业杂志《财富时报》评为“亚洲最具创新力公司”，表明该公司的创新平台越来越受到当地媒体的认可。</blockquote></p><p><b>The Cumulative Number of ESOP Clients at the End of 2021 was 2.5X Higher than the Year Before and Annual Enterprise Services Revenue Increased by 67%</b></p><p><blockquote><b>2021年底员工持股计划累计客户数较上年增长2.5倍，全年企业服务收入增长67%</b></blockquote></p><p>Corporate services such as investment banking and ESOP have become a new driver of the company’s long-term growth. According to the company’s Q4 financial results, other revenues, which includes revenue from investment banking and ESOP, reached US$9.8 million in Q4, and annual revenue from this segment reached US$37.7 million, an increase of 67% from the prior year.</p><p><blockquote>投行、ESOP等企业服务成为公司长期增长的新动能。根据该公司第四季度财务业绩，包括投资银行和ESOP收入在内的其他收入在第四季度达到980万美元，该部门的年收入达到3770万美元，同比增长67%。</blockquote></p><p>As of December 31st, 2021, 90% of new issuers with market capitalization in excess of HK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service.</p><p><blockquote>截至2021年12月31日，90%的港股市值超过1000亿港元的新发行人和100%的市值超过10亿美元的美国ADR新发行人与老虎证券的投行合作或选择使用公司的ESOP服务。</blockquote></p><p></p><p>During the fourth quarter, the company leveraged the strength of its innovative platform and comprehensive range of services to participate in the underwriting and distribution of 22 listings in The U.S. and Hong Kong. In Hong Kong, the company acted as an underwriter in the global offerings of NetEase Cloud Music, Sense Time, and Airdoc. For the listing of NetEase Cloud Music, the company was the sole online broker to participate in the global offering. In The U.S., the company leveraged its rich investment banking experience, licenses, and technical capabilities to serve as an underwriter for 15 U.S. IPOs. The 2021 IPO of Kuke Music was another notable milestone for the company; the company was the first online broker to serve as the lead underwriter in a U.S. IPO.</p><p><blockquote>第四季度，公司凭借其创新平台和全面服务的优势，参与了22家美国和香港上市公司的承销和分销。在香港，该公司担任网易云音乐、商感时间、鹰瞳全球发售的承销商。对于网易云音乐的上市，公司是唯一参与全球发售的网上经纪。在美国，该公司利用其丰富的投行经验、牌照和技术能力，担任了15起美国IPO的承销商。库客音乐2021年IPO是该公司另一个值得注意的里程碑；该公司是第一家在美国IPO中担任主承销商的在线经纪商。</blockquote></p><p>In the fourth quarter, the company’s investment bank continued to provide a rich range of services to next generation technology companies at multiple stages of their growth, from pre-IPO financial advisory to post listing capital markets services. In 2021, the company provided financial advisory services to over 30 companies. Finally, the company also assisted Canadian Solar conduct an ATM (At The Market) offering to raise additional capital to support the expansion of its green energy business.</p><p><blockquote>第四季度，该公司的投资银行继续为处于多个成长阶段的下一代科技公司提供丰富的服务，从IPO前的财务咨询到上市后的资本市场服务。2021年，公司为30多家公司提供财务顾问服务。最后，该公司还协助阿特斯阳光电力进行ATM（在市场上）发行，以筹集额外资金支持其绿色能源业务的扩张。</blockquote></p><p>With regards to the company’s ESOP business,UP Fintechadded 51 new clients during the quarter. Despite launching the business just over three years ago, the total number of clients served by the company’s ESOP system reached 313, an increase of 152.4% year-over-year. The company’s ESOP system has extensive capabilities that allow it serve clients listed in Hong Kong, The U.S., and China; the company’s ESOP system also serves a diverse range of pre-IPO clients.</p><p><blockquote>关于公司的ESOP业务，UP Fintech在本季度增加了51个新客户。尽管开展业务仅三年多，但该公司ESOP系统服务的客户总数达到313家，同比增长152.4%。该公司的员工持股计划系统具有广泛的能力，使其能够为在香港、美国和中国上市的客户提供服务；该公司的员工持股计划系统还为各种IPO前客户提供服务。</blockquote></p><p>As a global ESOP provider, the company offers comprehensive services for corporate ESOP management across multiple capital markets. In the fourth quarter, Tiger ESOP provided the pharmaceutical R&D company, Pharmaron, with equity incentive management solutions for both A+H share capital markets. At the same time,UP Fintechalso provided ESOP-related tax, foreign exchange, and other specialized services for Pharmaron’'s multinational employee base that includes British, American, and Chinese nationals. UP Fintech’s capability to provide ESOP and other ancillary services across multiple capital markets and nationalities is a testament to the sophistication of its ESOP system and ability to meet clients’ complex needs.</p><p><blockquote>作为全球员工持股计划提供商，公司为多个资本市场的企业员工持股计划管理提供全面服务。第四季度，老虎ESOP为医药研发公司康龙化成提供了A+H股资本市场的股权激励管理解决方案。同时，UP Fintech还为康龙化成的跨国员工群体（包括英国、美国和中国公民）提供员工持股计划相关的税务、外汇和其他专业服务。老虎证券在多个资本市场和国家提供员工持股计划和其他辅助服务的能力证明了其员工持股计划系统的复杂性和满足客户复杂需求的能力。</blockquote></p><p></p><p>On the company’s vibrant social media community, The Tiger Community, 35 new corporations opened enterprise accounts in the fourth quarter, including seven internationally renowned fund companies, such as Fidelity International and Lion Global Investors. As more and more corporations open enterprise accounts in the Tiger Community, the company’s 9+ million user base is able to increase its interaction and understanding of the vast range of issuers and fund companies present in the community.</p><p><blockquote>在该公司充满活力的社交媒体社区老虎社区上，第四季度有35家新公司开设了企业账户，其中包括富达国际和Lion Global Investors等7家国际知名基金公司。随着越来越多的公司在老虎社区开设企业账户，该公司的900多万用户群能够增加其与社区中众多发行人和基金公司的互动和了解。</blockquote></p><p>UP Fintech’s online community continues to build its position as a preferred investor relations & PR platform for next generation technology companies. The company recently assisted Xiaomi hold an online product launch, helped organize an online conference for Kuaishou, and held a listing anniversary for Dada Nexus. Corporates are drawn to enterprise accounts as they may employ innovative marketing materials, such as interactive graphics and livestreams, to directly connect with investors and customers.Many enterprise accounts have already received over one million views and the company looks forward to inviting more investors and corporates to participate in its online community.</p><p><blockquote>老虎证券的在线社区继续巩固其作为下一代技术公司首选投资者关系和公关平台的地位。公司近期协助小米举办线上产品发布会，帮助快手组织线上发布会，为达达Nexus举办上市周年纪念活动。企业被企业账户所吸引，因为他们可能会采用创新的营销材料，如互动图形和直播，直接与投资者和客户联系。许多企业账户的浏览量已超过100万次，该公司期待邀请更多投资者和企业参与其在线社区。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130532398","content_text":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “TIGR”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm focusing on global investors, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2021. Total revenue in the fourth quarter was US$62.2 million, and total revenue for the year 2021 reached US$264.5 million, a year-over-year increase of 91%. Non-GAAP net income was US$24.5 million.At the end of 2021, customer accounts totaled 1.8 million, and the number of customers with deposits increased to 673,400. Furthermore, the company added 414,700 new funded accounts in 2021, more than all of its past annual funded account growth combined. In total, the company achieved 119% of its annual funded account growth target in 2021. During the fourth quarter, the company’s trading volume increased to US$85.9 billion, with total client assets reaching US$17.1 billion. The company’s annual trading volume totaled US$404.3 billion, 1.8 times that of the previous year.Mr. Wu Tianhua, CEO and founder of UP Fintech commented, “In 2021, despite fluctuations in global financial markets and significant uncertainties, our focus on our internationalization strategy drove steady growth. In thefourth quarter, over 90% of new funded accounts came from international markets, with a large portion of the new funded accounts coming from Singapore. UP Fintech maintains leading market share in Singapore and the company's Singapore headquarters contributed to making the market as one of key growth drivers, both in the number of total accounts and newly acquired accounts. The fourth quarter was the third consecutive quarter of more than 100% year-over-year growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore's population aged 20 and above. In the year since we began to ramp up our self-clearing capabilities, we have made substantial progress and now self-clear over 80% of customers’ U.S. cash equities trades. Our firm’s capability to deploy proprietary technologies on our fintech platform demonstrates the contributions that Chinese innovation is making to the global brokerage industry. Our B2B businesses reached new milestones this year: as of December 31st, 2021, 90% of new issuers with market capitalization in excess ofHK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service. Overall, our company’s comprehensive enterprise services are gaining increasing recognition within the industry. In coming years, the company looks forward to entering new international markets and enabling a greater range of investors to allocate their assets globally on our innovative fintech platform.”Over 90% of Newly Funded Accounts Came from Outside China as the Company Executes on its Global Expansion StrategyDriven by strong growth in international markets,UP Fintechfurther expanded its client base. The company added 61,400 new funded accounts during the fourth quarter of which over 90% came from outside China. Furthermore, in 2021, the company added a total of 414,700 new funded accounts, achieving 119% of its annual target. In the fourth quarter, the company's trading volume was US$85.9 billion, client assets reached US$17.1 billion, commission income was up to US$29.9 million, and interest-related income increased to US$22.5 million.At a time of global macroeconomic uncertainty, UP Fintechcontinues focus on its long-term expansion plans with a focus on improving the customer experience. To increase customer choice on its platform, the company recently added new functions such as bracket orders and a new display for analyzing diluted cost positions. The company also recently added an option screener and option list to better meet the needs of investors who trade options. In Australia,UP Fintechbegan to meet the needs of local investors by adding multi-dimensional analysis tools and real-time level 2 market data. Investors on the firm’s platform may view a rich range of financial metrics such as capital flow analysis and lists of corporate actions.In addition,the company's wealth management business continued to attract more clients as the number of available investment products continued to rise. At the end of the fourth quarter, the company’s Fund Mall enabled another 661 funds for investors to choose from. As the selection of funds has increased, the number of customers investing in the Fund Mall increased by 377.5% year-over-year, and the AUM of the Fund Mall increased by 290.1% year-over-year. ForCash Plus, the company’s idle cash management product,the number of customers and their cumulative transfer value during the fourth quarter was nearly double that of the same period last year. The company also added HKD and SGD currencies to the Fund Mall to further meet customers global asset allocation needs.The company offered 26 IPO subscriptions in Hong Kong and The U.S. during the fourth quarter, including several high-profile listings such as those of NetEase Cloud Music and Sense Time. For the full year 2021, the company in total offered 123 IPO subscriptions.The company is becoming one of the top platforms for retail investors to participate in new listings in Hong Kong; retail orders for larger listings such as those of Kuaishou and JD Logistics exceeded HK$10 billion. The company also assisted issuers in connecting with its investor base and highlighting their business performance by helping them hold online roadshows and broadcasting their earnings conference calls. During the year, the company held more than 60% of courses about high-quality Asian assets to investors.The company continued to invest in key brokerage technologies to enhance its capability to manage securities trading from the front end to execution and clearing. Self-clearing has long been the purview of traditional banks, but the company continues to ramp up its capability to conduct self-clearing and by the end of the fourth quarter, over 80% of clients were having their U.S. cash equities trades self-cleared. As a result of the company’s investment in clearing technology, clearing costsdeclined quarter over quarter by 27.8%.As part of its international expansion, the company continued to obtain new licenses and qualifications in multiple international jurisdictions. The firm now holds 50 licenses and qualifications across 37 categories in Hong Kong, Singapore, The U.S., New Zealand, and Australia. The company looks forward to using these licenses to further support its international expansion.UP Fintechis also receiving growing recognition in international capital markets and in 2021 was selected for inclusion in the MSCI China All Shares Index and the MSCI China Small Cap Index.The fourth quarter was the third consecutive quarter of more than 100% YoY growth in funded accounts in Singapore. The total number of registered accounts in Singapore now represents 15% of Singapore's population aged 20+Since entering Singapore in February 2020,UP Fintechhas continued to consolidate its position in the local market. More than half of new funded accounts in the fourth quarter came from Singapore. According to App Annie, as of the end of 2021, as measured by the total number of accounts and downloads,UP Fintech’s flagship mobile trading App, Tiger Trade, led the online brokerage market in Singapore.The fourth quarter wasthe third consecutive quarter of over 100%year-over-yeargrowth in funded accounts in Singapore,and the numberof registered accounts now represents 15% of Singapore's population aged 20or above. In addition, approximately 30% of the new funded accountsin Singaporein the fourth quarter came from users over the age of 40, which demonstrates the firm’s trading platform appeals to a wide range of investors.UP Fintech’s leading position in the Singapore market is due to its relentless focus on localization. In the fourth quarter, to better meet the needs of local clients, the company added a new module to allow easy display of Singapore companies listed in The U.S. market. The company also added new features such as industry classifications and sponsor data to assist customers learn more about local investment opportunities.In the fourth quarter, the company offered customers in Singapore the opportunity to subscribe shares from two local issuers. The company also enabled institutional clients in Singapore the ability to participate in the global offerings of new issuers in Hong Kong, further increasing the ability of local investors to participate in China’s capital markets.The AUM ofUP Fintech’swealth management business in Singapore increased by 186.5% while the number of customers increased by 223.9% quarter-over-quarter respectively. To increase the value proposition of Cash Plus in international markets, the company introduced lower thresholds for customers to invest their capital in Cash Plus. Local customers may now invest in Cash Plus with just 1 USD, 1 SGD, or 5 HKD and may transfer their funds in and out at any time. During the year, the company joined the Securities Association of Singapore and was honored that its subsidiary, Tiger Brokers (Singapore) Pte. Ltd., was officially admitted as a trading member of Singapore Exchange Securities Trading Limited and Singapore Exchange Derivatives Trading Limited, and clearing member and depository agent of The Central Depository (Pte) Limited. The company is the first fintech enabled brokerage in the world to obtain such qualifications in Singapore. In November 2021, UP Fintech’s Singapore subsidiary was Named as \"Asia's Most Innovative Company\" by Fortune Times, a Singapore based business magazine, demonstrating the company’s innovative platform is gaining increasing recognition from local media.The Cumulative Number of ESOP Clients at the End of 2021 was 2.5X Higher than the Year Before and Annual Enterprise Services Revenue Increased by 67%Corporate services such as investment banking and ESOP have become a new driver of the company’s long-term growth. According to the company’s Q4 financial results, other revenues, which includes revenue from investment banking and ESOP, reached US$9.8 million in Q4, and annual revenue from this segment reached US$37.7 million, an increase of 67% from the prior year.As of December 31st, 2021, 90% of new issuers with market capitalization in excess of HK$100 billion in Hong Kong and 100% of new U.S. ADR issuers with market capitalization over US$1 billion cooperated with UP Fintech’s investment bank or chose to use the company’s ESOP service.During the fourth quarter, the company leveraged the strength of its innovative platform and comprehensive range of services to participate in the underwriting and distribution of 22 listings in The U.S. and Hong Kong. In Hong Kong, the company acted as an underwriter in the global offerings of NetEase Cloud Music, Sense Time, and Airdoc. For the listing of NetEase Cloud Music, the company was the sole online broker to participate in the global offering. In The U.S., the company leveraged its rich investment banking experience, licenses, and technical capabilities to serve as an underwriter for 15 U.S. IPOs. The 2021 IPO of Kuke Music was another notable milestone for the company; the company was the first online broker to serve as the lead underwriter in a U.S. IPO.In the fourth quarter, the company’s investment bank continued to provide a rich range of services to next generation technology companies at multiple stages of their growth, from pre-IPO financial advisory to post listing capital markets services. In 2021, the company provided financial advisory services to over 30 companies. Finally, the company also assisted Canadian Solar conduct an ATM (At The Market) offering to raise additional capital to support the expansion of its green energy business.With regards to the company’s ESOP business,UP Fintechadded 51 new clients during the quarter. Despite launching the business just over three years ago, the total number of clients served by the company’s ESOP system reached 313, an increase of 152.4% year-over-year. The company’s ESOP system has extensive capabilities that allow it serve clients listed in Hong Kong, The U.S., and China; the company’s ESOP system also serves a diverse range of pre-IPO clients.As a global ESOP provider, the company offers comprehensive services for corporate ESOP management across multiple capital markets. In the fourth quarter, Tiger ESOP provided the pharmaceutical R&D company, Pharmaron, with equity incentive management solutions for both A+H share capital markets. At the same time,UP Fintechalso provided ESOP-related tax, foreign exchange, and other specialized services for Pharmaron’'s multinational employee base that includes British, American, and Chinese nationals. UP Fintech’s capability to provide ESOP and other ancillary services across multiple capital markets and nationalities is a testament to the sophistication of its ESOP system and ability to meet clients’ complex needs.On the company’s vibrant social media community, The Tiger Community, 35 new corporations opened enterprise accounts in the fourth quarter, including seven internationally renowned fund companies, such as Fidelity International and Lion Global Investors. As more and more corporations open enterprise accounts in the Tiger Community, the company’s 9+ million user base is able to increase its interaction and understanding of the vast range of issuers and fund companies present in the community.UP Fintech’s online community continues to build its position as a preferred investor relations & PR platform for next generation technology companies. The company recently assisted Xiaomi hold an online product launch, helped organize an online conference for Kuaishou, and held a listing anniversary for Dada Nexus. Corporates are drawn to enterprise accounts as they may employ innovative marketing materials, such as interactive graphics and livestreams, to directly connect with investors and customers.Many enterprise accounts have already received over one million views and the company looks forward to inviting more investors and corporates to participate in its online community.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":835,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/634406050"}
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