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Non-Energy Minerals

Fosun International Ltd.

  • 17.00 HKD
  • +0.32
  • +1.92%
  • China
    Apr 20, 2018
  • Ticker
    HKG(656)
  • Prev. close
    16.68
  • Market cap (HKD)
    143,173M
  • Market cap (USD)
    18,247.90M
  • Shares
    8,583.52M

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 the manufacturing and selling of healthcare, iron and steel products, property development, mining and ore processing of various metals, asset management, operation and investment in insurance business and various other investments. It operates through the following segments: Insurance, Investment, Wealth Management & Innovative Finance, Health, Happiness, Property Development and Sales, and Resources. The Insurance segment engages in the operations and investments in insurance business. The Investment segment includes investments in strategic investments, private equity investments/venture capital investments. The Wealth Management & Innovative Finance segment comprises wealth management and innovative finance business. The Wealth Management business engages in the asset management business and the operation of and investment in banking and other financial business, and The Innovative Finance business comprises the operation of and investment in the financial industry using internet cloud computing technology. The Health segment engages in the research and development, manufacture, sale and trading of pharmaceutical and medical products and provision of healthcare services. The Happiness segment includes operation and investments in the wholesale and retail of gold and jewellery, tourism and entertainment industries. The Property development and sales segment engages in the development and sale of properties. The Resources segment includes mining and ore processing of various metals and the oil and gas exploration. Fosun International was founded on December 24, 2004 and is headquartered in Shanghai, China

Financial Highlights

Dec 2017 HKDUSD
Revenue101,500.66M13,024.90M
Gross Profit37,072.05M4,757.20M
Operating income6,271.16M804.73M
Income before tax21,282.93M2,731.09M
Net income15,176.09M1,947.44M
EBITDA9,307.90M1,194.42M
Diluted EPS1.760.22
Dividends Per Share0.350.04
Total Assets640,783.37M81,969.90M
Total liabilities477,049.56M61,024.84M
Total equity121,176.19M15,501.02M
Operating cash flow----
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 64,368.92M 77,699.65M 97,194.43M 86,423.90M 101,500.66M
Gross Profit 13,069.37M 18,394.37M 21,785.26M 30,229.86M 37,072.05M
Operating income 5,092.96M 4,452.85M 7,311.38M 2,923.67M 6,271.16M
Income before tax 10,689.70M 12,468.25M 16,086.46M 15,836.47M 21,282.93M
Net income 6,963.33M 8,625.89M 9,915.06M 11,997.53M 15,176.09M
EBITDA 7,289.45M 7,359.35M 11,839.56M 6,578.72M 9,307.90M
Diluted EPS 1.08 1.24 1.29 1.39 1.76
Dividends Per Share 0.15 0.17 0.17 0.21 0.35
Total Assets 234,542.54M 406,033.12M 486,255.72M 543,071.34M 640,783.37M
Total liabilities 156,279.45M 311,941.18M 366,304.12M 404,375.27M 477,049.56M
Total equity 49,831.61M 60,857.88M 90,319.31M 102,971.83M 121,176.19M
Operating cash flow -1,614.12M 3,567.87M -5,082.58M 18,358.47M --
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 8,298.55M 10,019.70M 12,537.05M 11,133.57M 13,024.90M
Gross Profit 1,684.92M 2,372.03M 2,810.06M 3,894.36M 4,757.20M
Operating income 656.59M 574.21M 943.09M 376.64M 804.73M
Income before tax 1,378.13M 1,607.83M 2,074.98M 2,040.13M 2,731.09M
Net income 897.72M 1,112.34M 1,278.93M 1,545.58M 1,947.44M
EBITDA 939.76M 949.02M 1,527.17M 847.50M 1,194.42M
Diluted EPS 0.13 0.16 0.16 0.17 0.22
Dividends Per Share 0.01 0.02 0.02 0.02 0.04
Total Assets 30,248.91M 52,358.60M 62,741.45M 70,045.25M 81,969.90M
Total liabilities 20,155.33M 40,225.30M 47,264.12M 52,156.25M 61,024.84M
Total equity 6,426.77M 7,847.71M 11,653.87M 13,281.28M 15,501.02M
Operating cash flow -208.09M 460.09M -655.59M 2,365.03M --

Valuation Measures

Dec 2017
PER9.81
ROA2.56%
ROE13.54%
Operating margin6.17%
Profit margin14.95%

Key executives

  • Chief Executive Officer & Director: Qun Bin Wang
  • Co-President & Executive Director: Qi Yu Chen
  • Co-President & Executive Director: Xiao Liang Xu
  • Chief Financial Officer, Executive Director & SVP: Can Wang
  • Executive Director & Senior Vice President: Ping Gong

Shareholders

  • Fosun International Holdings Ltd. (71.7%)
  • The Vanguard Group, Inc. (0.9%)
  • BlackRock Fund Advisors (0.8%)
  • Capital Research & Management Co. (Global Investors) (0.5%)
  • Dimensional Fund Advisors LP (0.2%)
  • BlackRock Advisors (UK) Ltd. (0.2%)
  • Causeway Capital Management LLC (0.1%)
  • Norges Bank Investment Management (0.1%)
  • QIN XUE TANG (0.1%)
  • CHEN QI YU (0.1%)

Contact Details

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Competitors

    Last Updated on 20 Apr, 2018

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