Futu's net income more than doubled in Q2

China's tech-driven online brokerage platform Futu Holdings Limited reported on Monday a year-on-year rise of 121.7 percent in net income for the second quarter.

Its non-GAAP adjusted net income reached 59.2 million Hong Kong dollars, or about 7.6 million U.S. dollars, the company said in a statement.

It's total revenues increased 39.6 percent year-on-year to 259.9 million Hong Kong dollars, according to the company's unaudited financial announced in the statement.

By the end of the second quarter, the platform's total number of registered clients reached 614,504, up 64.7 percent year over year.

The total client assets increased 22.9 percent to 68.3 billion Hong Kong dollars, according to the statement.

The Hong Kong-based company said its total trading volume decreased 1.8 percent year-over-year to 213.1 billion Hong Kong dollars.

Arthur Yu Chen, Futu's chief financial officer, said the company will continue to invest in technology to sustain its competitive advantages and market its business while expanding globally.