Finance
Fosun International Ltd.
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Company Background
Fosun International is a publicly traded arm of Fosun Group, a private investment firm in Shanghai that was founded by four students of Fudan University in 1992, then listed in Hong Kong in 2007. Chairman Guo Guangchang majored in philosophy at Fudan University before becoming an investor. His hobby is tai chi.
Fosun International grew by taking over a good number of companies and presides over real estate and steel companies, Greek jewelry brand Folli Follie, French resort operator Club Med and an insurance company that used to be a group firm of Portuguese saving bank Caixa Geral de Depositos. It also owns a stake in Cirque du Soleil, the popular neocircus troupes out of Canada.
The company intends to position its insurance arm as a core unit and use its ample funds to invest in businesses that will serve Chinese with rising incomes.
It is also actively investing in real estate and other businesses in Japan. In 2014, Fosun Property bought Japanese firm Idera Capital Management. Fosun has since purchased several office buildings in central Tokyo via Idera.
Business Summary
Fosun International Ltd. engages in creating customer-to-maker ecosystems in health, happiness and wealth, and providing products and services for families. It operates through the following segments: Health Ecosystem, Happiness Ecosystem, Insurance and Finance, Investment, and Hive Property. The Health Ecosystem segment includes research and development, manufacture, sale, and trading of pharmaceutical and health products and providing medical services and health management. The Happiness Ecosystem segment comprises operation and investments in tourism and leisure, fashion consumer, and lifestyle industries. The Insurance and Finance segment involves in the operation of and investment in the insurance businesses, banking, and other financial businesses. The Investment segment consists of primary investments, secondary market investments, and investments in asset management companies and other companies of the group. The Hive Property segment focuses on the development and operation of the hive city properties. The company was founded on December 24, 2004 and is headquartered in Shanghai, China.
Financial Highlights
| Dec 2018 | HKD | USD |
| Revenue | 129,521.97M | 16,525.83M |
| Gross Profit | 49,300.57M | 6,290.30M |
| Operating income | 6,499.43M | 829.26M |
| Income before tax | 18,994.64M | 2,423.54M |
| Net income | 15,879.26M | 2,026.05M |
| EBITDA | 10,967.74M | 1,399.38M |
| Diluted EPS | 1.85 | 0.23 |
| Dividends Per Share | 0.37 | 0.04 |
| Total Assets | 728,555.74M | 93,054.43M |
| Total liabilities | 544,493.00M | 69,545.11M |
| Total equity | 123,761.63M | 15,807.39M |
| Operating cash flow | 17,838.98M | 2,276.09M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 77,699.65M | 97,194.43M | 86,423.90M | 101,500.66M | 129,521.97M |
| Gross Profit | 18,394.37M | 21,785.26M | 30,229.86M | 37,072.05M | 49,300.57M |
| Operating income | 4,114.08M | 7,411.26M | 2,924.16M | 6,446.83M | 6,499.43M |
| Income before tax | 12,468.25M | 16,086.46M | 15,836.47M | 21,282.93M | 18,994.64M |
| Net income | 8,625.89M | 9,915.06M | 11,997.53M | 15,176.09M | 15,879.26M |
| EBITDA | 7,020.58M | 11,839.56M | 6,578.72M | 9,483.56M | 10,967.74M |
| Diluted EPS | 1.24 | 1.29 | 1.39 | 1.76 | 1.85 |
| Dividends Per Share | 0.17 | 0.17 | 0.21 | 0.35 | 0.37 |
| Total Assets | 406,033.12M | 486,255.72M | 543,071.34M | 640,783.37M | 728,555.74M |
| Total liabilities | 311,941.18M | 366,304.12M | 404,375.27M | 475,975.82M | 544,493.00M |
| Total equity | 60,857.88M | 90,319.31M | 102,971.83M | 121,176.19M | 123,761.63M |
| Operating cash flow | 3,567.87M | -5,082.58M | 18,358.47M | 31,406.10M | 17,838.98M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 10,019.70M | 12,537.05M | 11,133.57M | 13,024.90M | 16,525.83M |
| Gross Profit | 2,372.03M | 2,810.06M | 3,894.36M | 4,757.20M | 6,290.30M |
| Operating income | 530.52M | 955.97M | 376.70M | 827.27M | 829.26M |
| Income before tax | 1,607.83M | 2,074.98M | 2,040.13M | 2,731.09M | 2,423.54M |
| Net income | 1,112.34M | 1,278.93M | 1,545.58M | 1,947.44M | 2,026.05M |
| EBITDA | 905.33M | 1,527.17M | 847.50M | 1,216.96M | 1,399.38M |
| Diluted EPS | 0.16 | 0.16 | 0.17 | 0.22 | 0.23 |
| Dividends Per Share | 0.02 | 0.02 | 0.02 | 0.04 | 0.04 |
| Total Assets | 52,358.60M | 62,741.45M | 70,045.25M | 81,969.90M | 93,054.43M |
| Total liabilities | 40,225.30M | 47,264.12M | 52,156.25M | 60,887.49M | 69,545.11M |
| Total equity | 7,847.71M | 11,653.87M | 13,281.28M | 15,501.02M | 15,807.39M |
| Operating cash flow | 460.09M | -655.59M | 2,365.03M | 4,030.13M | 2,276.09M |
Valuation Measures
| Dec 2018 | |
| PER | 6.14 |
| ROA | 2.31% |
| ROE | 12.96% |
| Operating margin | 5.01% |
| Profit margin | 12.25% |
Key executives
- Chief Executive Officer & Executive Director: Qun Bin Wang
- Co-President & Executive Director: Qi Yu Chen
- Co-President & Executive Director: Xiao Liang Xu
- Chief Financial Officer: Linnan Xue
- Executive Director & Senior Vice President: Xue Tang Qin
Shareholders
- Fosun International Holdings Ltd. (70.7%)
- The Vanguard Group, Inc. (0.9%)
- BlackRock Fund Advisors (0.5%)
- T. Rowe Price International Ltd. (0.4%)
- Norges Bank Investment Management (0.3%)
- Dimensional Fund Advisors LP (0.2%)
- CHEN QI YU (0.1%)
- BlackRock Advisors (UK) Ltd. (0.1%)
- QIN XUE TANG (0.1%)
- Goldman Sachs Asset Management LP (0.1%)
Contact Details
- Website:http://www.fosun.com
- Phone: +86.21.2315.6666
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Last Updated on 20 Sep, 2019