Futu Holdings' net profit in 2025 will reach 1.49 billion US dollars, and the China Securities Regulatory Commission plans to impose a fine of approximately 18% of the profit According to BlockBeats, on May 22nd, after the China Securities Regulatory Commission imposed a penalty of approximately RMB 1.85 billion (approximately USD 271 million) on Futu's cross-border business activities, the market is concerned about its profitability and actual pressure level. According to the 2025 financial report of Futu Holdings, the company achieved a total revenue of HKD 22.847 billion for the year, a year-on-year increase of 68.1%; Non GAAP's net profit reached HKD 11.645 billion (approximately USD 1.49 billion), a year-on-year increase of 101.9%. According to the calculation of profit scale, the proposed penalty amount accounts for about 18% of Futu's Non GAAP net profit in 2025. Market analysis suggests that based on current profitability, Futu has the ability to bear relevant fines, but the tightening of cross-border industry regulation may have a sustained impact on the industry's future business model. Previously, the CSRC said that some Futu entities in Chinese Mainland and Hong Kong were conducting securities, fund sales and futures business in Chinese Mainland without permission, in violation of the Securities Law and other relevant laws and regulations.