UP Fintech Holding Ltd
For the period ended Jun 30, 2024. Filed Oct 22, 2024.
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Jun 30, 2024 · Filed Oct 22, 2024
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EX-99.1 · SEGMENT INFORMATION
SEGMENT INFORMATION
Segments are business units that offer different services and are reviewed separately by the chief operating decision maker (the “CODM”), or the decision-making group, in deciding how to allocate resources and in assessing performance. The CODM, who is responsible for allocating resources and assessing performance of the operating segment, has been identified as the Group’s Chief Executive Officer. The Group operates as a single operating segment. The single operating segment is reported in a manner consistent with the internal reporting provided to the CODM.
The Group primarily operates its business in the New Zealand, Singapore, and the United States for the periods ended June 30, 2023, and 2024. The following table presents total revenues by geographic area for the periods indicated.
The Intra-companies revenues have been eliminated in this geographic information to reflect the external business conducted in each geographic region. The geographic analysis presented below is based on the location of the subsidiaries in which the transactions are recorded. This geographic information does not reflect the way the Company’s business is managed.
| For the six months ended June 30, | ||
|---|---|---|
| 2023 | 2024 | |
| US$ | US$ | |
| Revenue | ||
| The Cayman Island | 1,327,541 | 1,158,307 |
| New Zealand | 58,726,681 | 62,381,394 |
| The United States | 32,848,869 | 54,838,677 |
| Singapore | 34,459,910 | 37,370,022 |
| Hong Kong | 2,324,297 | 7,150,842 |
| Others | 2,693,126 | 3,486,258 |
| Total Revenues | 132,380,424 | 166,385,500 |
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