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 2019	HKD	USD
Revenue	162,129.79M	20,692.49M
Gross Profit	61,180.95M	7,808.47M
Operating income	11,260.58M	1,437.17M
Income before tax	23,117.28M	2,950.43M
Net income	16,782.99M	2,142.00M
EBITDA	18,855.54M	2,406.51M
Diluted EPS	1.96	0.25
Dividends Per Share	0.40	0.05
Total Assets	800,557.69M	102,743.61M
Total liabilities	596,850.38M	76,599.80M
Total equity	137,086.48M	17,593.68M
Operating cash flow	3,513.95M	448.48M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	97,194.43M	86,423.90M	101,500.66M	129,521.97M	162,129.79M
Gross Profit	21,785.26M	30,229.86M	37,072.05M	49,300.57M	61,180.95M
Operating income	7,411.26M	2,924.16M	6,446.83M	6,499.43M	11,260.58M
Income before tax	16,086.46M	15,836.47M	21,282.93M	18,994.64M	23,117.28M
Net income	9,915.06M	11,997.53M	15,176.09M	15,879.26M	16,782.99M
EBITDA	11,839.56M	6,578.72M	9,483.56M	10,967.74M	18,855.54M
Diluted EPS	1.29	1.39	1.76	1.85	1.96
Dividends Per Share	0.17	0.21	0.35	0.37	0.40
Total Assets	486,255.72M	543,071.34M	640,783.37M	728,555.74M	800,557.69M
Total liabilities	366,304.12M	404,375.27M	475,975.82M	544,493.00M	596,850.38M
Total equity	90,319.31M	102,971.83M	121,176.19M	123,761.63M	137,086.48M
Operating cash flow	-5,082.58M	18,358.47M	31,406.10M	17,838.98M	3,513.95M

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	12,537.05M	11,133.57M	13,024.90M	16,525.83M	20,692.49M
Gross Profit	2,810.06M	3,894.36M	4,757.20M	6,290.30M	7,808.47M
Operating income	955.97M	376.70M	827.27M	829.26M	1,437.17M
Income before tax	2,074.98M	2,040.13M	2,731.09M	2,423.54M	2,950.43M
Net income	1,278.93M	1,545.58M	1,947.44M	2,026.05M	2,142.00M
EBITDA	1,527.17M	847.50M	1,216.96M	1,399.38M	2,406.51M
Diluted EPS	0.16	0.17	0.22	0.23	0.25
Dividends Per Share	0.02	0.02	0.04	0.04	0.05
Total Assets	62,741.45M	70,045.25M	81,969.90M	93,054.43M	102,743.61M
Total liabilities	47,264.12M	52,156.25M	60,887.49M	69,545.11M	76,599.80M
Total equity	11,653.87M	13,281.28M	15,501.02M	15,807.39M	17,593.68M
Operating cash flow	-655.59M	2,365.03M	4,030.13M	2,276.09M	448.48M

Valuation Measures

Dec 2019
PER	5.77
ROA	2.19%
ROE	12.86%
Operating margin	6.94%
Profit margin	10.35%

Key executives

Co-Chief Executive Officer & Executive Director: Qi Yu Chen
Co-Chief Executive Officer & Executive Director: Xiao Liang Xu
Chief Financial Officer & Executive Director: Ping Gong
Co-CFO & GM-Financial Management: Li Gang Zhang
Co-Chief Financial Officer & Senior Vice President: Hou Lin Zhang

Shareholders

Fosun International Holdings Ltd. (71.0%)
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 (0.3%)
CHEN QI YU (0.2%)
XU XIAO LIANG (0.1%)
QIN XUE TANG (0.1%)
Causeway Capital Management LLC (0.1%)

Contact Details

Website:http://www.fosun.com
Phone: +86.21.2315.6666

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Competitors

Last Updated on 3 Jul, 2020