Sign in

    Yu Fang

    Research Analyst at China International Capital Corporation

    Yu Fang is an analyst at China International Capital Corporation (CICC), focusing on equity research with a specialization in customer acquisition cost analysis and sector fundamentals. Yu Fang regularly covers listed companies across the Chinese market, as indicated by engagement with public company management, and is recognized for providing detailed corporate and industry inquiries. Although exact quantitative performance metrics or TipRanks rankings are currently unavailable, Yu Fang is noted for in-depth research and timely questions during earnings releases, enhancing institutional clients' decision-making. Career history and prior positions are not publicly detailed, and no specific professional licenses or FINRA registrations can be confirmed from available sources.

    Yu Fang's questions to Futu Holdings (FUTU) leadership

    Yu Fang's questions to Futu Holdings (FUTU) leadership • Q1 2025

    Question

    Yu Fang from CICC inquired about the reasons for the significant decline in customer acquisition cost (CAC) in the first quarter, its future guidance, and requested more details on the company's recent expansion into the New Zealand market.

    Answer

    CFO Arthur Yu Chen attributed the lower Q1 CAC of HKD 1,800 to strong market tailwinds but maintained the full-year guidance out of prudence. Daniel Yuan, Head of Strategy & IR, described the New Zealand entry as a low-cost, natural extension of its successful Australian operations, leveraging existing infrastructure and brand equity for a favorable ROI.

    Ask Fintool Equity Research AI