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NET INCOME PER SHARE (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of basic and diluted net income per share

The following table sets forth the computation of basic and diluted net income per share for the following periods:

 

For the six months ended June 30,

 

 

2023

 

 

2024

 

 

US$

 

 

US$

 

Numerator:

 

 

 

 

 

 

Net income attributable to ordinary shareholders of UP Fintech

 

 

21,149,259

 

 

 

14,923,369

 

The dilutive effect arising from the convertible bonds

 

 

556,322

 

 

 

—

 

Numerator for diluted net income per ordinary share

 

 

21,705,581

 

 

 

14,923,369

 

Denominator:

 

 

 

 

 

 

Weighted average shares used in calculating net income per ordinary share

 

 

 

 

 

 

Basic

 

 

2,317,687,839

 

 

 

2,348,450,793

 

 Effect of dilutive securities:

 

 

 

 

 

 

Dilutive effect of share options

 

 

3,269,350

 

 

 

4,118,774

 

Dilutive effect of restricted shares units

 

 

10,326,284

 

 

 

18,920,680

 

Dilutive effect of convertible bonds

 

 

82,010,834

 

 

 

—

 

 Denominator for diluted net income per ordinary share

 

 

2,413,294,307

 

 

 

2,371,490,247

 

Net income per ordinary share

 

 

 

 

 

 

Basic

 

 

0.009

 

 

 

0.006

 

Diluted

 

 

0.009

 

 

 

0.006