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Finance

Fosun International Ltd.

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 HKDUSD
Revenue129,521.97M16,525.83M
Gross Profit49,300.57M6,290.30M
Operating income6,499.43M829.26M
Income before tax18,994.64M2,423.54M
Net income15,879.26M2,026.05M
EBITDA10,967.74M1,399.38M
Diluted EPS1.850.23
Dividends Per Share0.370.04
Total Assets728,555.74M93,054.43M
Total liabilities544,493.00M69,545.11M
Total equity123,761.63M15,807.39M
Operating cash flow17,838.98M2,276.09M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 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 2014Dec 2015Dec 2016Dec 2017Dec 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
PER6.14
ROA2.31%
ROE12.96%
Operating margin5.01%
Profit margin12.25%

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%)
  • QIN XUE TANG (0.1%)
  • APG Asset Management NV (0.1%)
  • BlackRock Advisors (UK) Ltd. (0.1%)

Contact Details

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Competitors

    Last Updated on 13 Nov, 2019

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