On March 18, tiger securities (NASDAQ: TIGR) released unaudited financial data for the fourth quarter and 2021. The data showed that tiger securities achieved a revenue of US $62.19 million in the fourth quarter, a year-on-year increase of 31.67%, a net loss of US $5.38 million and a year-on-year decrease of 163.32%.
In the fourth quarter, the trading scale of tiger securities was US $85.9 billion, a decrease of US $7.7 billion compared with the previous quarter, and the total customer assets reached US $17.1 billion, compared with us $20.6 billion at the end of the previous quarter.
Affected by the above data, the commission income of tiger securities in the fourth quarter was US $29.86 million, a month on month decrease of 11% and a year-on-year increase of 18%. Wu Tianhua, CEO of tiger securities, said at the performance exchange meeting that the decline of customer assets was mainly caused by the floating losses of ADR or Hong Kong stocks held by some institutional investors due to the decline of the market.
Tiger securities’ interest related income in the fourth quarter was $22.55 million, a year-on-year increase of 70%. Other business income mainly from investment banking and ESOP (employee equity incentive plan) was US $9.78 million, a year-on-year increase of 12%.
Data show that tiger securities added 61000 new gold customers in the fourth quarter, of which more than 90% came from non Chinese regions. In 2021, the company added 415000 new customers, with 117000, 153000 and 83000 customers in the first three quarters respectively. The number of customers in non China accounted for more than 50%, 60% and 80% respectively.
In the first half of 2021, the number of gold customers of tiger securities increased steadily, but in the second half of 2021, due to the questioning and criticism of People.Cn Co.Ltd(603000) and regulators, cross-border Internet brokerage “Shuangxiong” tiger securities and futu holdings were pushed to the forefront, which also affected their customers.
In 2021, the total revenue of tiger securities reached US $260 million, with a year-on-year increase of 91%, and the net profit was US $14.69 million, with a year-on-year decrease of 8.55%. From a single quarter, the performance in the first quarter was the best. Since then, the year-on-year growth rate of operating revenue decreased quarter by quarter, and there were losses in the second and fourth quarters.
