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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 the creation of customer-to-maker ecosystems in the health, happiness, wealth, and manufacturing industries. It also provides products and services for families. It operates through the following segments: Health, Happiness, Insurance, Asset Management, and Intelligent Manufacturing. The Health segment includes research and development, manufacture, sale, and trade of pharmaceutical and health products and providing medical services and health management. The Happiness segment is composed of operations and investments in tourism and leisure, fashion consumer, and lifestyle industries. The Insurance segment is involved in the operation of and investment in the insurance businesses, banking, and other financial businesses. The Asset Management segment deals with primary investments, secondary market investments, and investments in asset management companies and other companies of the group. The Intelligent Manufacturing segment focuses on intelligent manufacturing, and iron, steel and ore production. The company was founded in 1992 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2021 HKDUSD
Revenue194,389.90M25,008.87M
Gross Profit67,071.66M8,628.98M
Operating income6,403.66M823.85M
Income before tax19,153.26M2,464.12M
Net income12,160.48M1,564.48M
EBITDA15,945.02M2,051.37M
Diluted EPS1.450.18
Dividends Per Share0.300.03
Total Assets986,407.32M126,522.49M
Total liabilities736,633.73M94,485.04M
Total equity160,333.31M20,565.30M
Operating cash flow-8,086.62M-1,040.36M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 101,500.66M 129,521.97M 162,129.79M 153,655.59M 194,389.90M
Gross Profit 37,072.05M 49,300.57M 61,180.95M 56,850.74M 67,071.66M
Operating income 6,446.83M 6,499.43M 11,260.58M 8,309.47M 6,403.66M
Income before tax 21,282.93M 18,994.64M 23,117.28M 13,130.93M 19,153.26M
Net income 15,176.09M 15,879.26M 16,782.99M 8,989.15M 12,160.48M
EBITDA 9,483.56M 10,967.74M 18,855.54M 16,741.18M 15,945.02M
Diluted EPS 1.76 1.85 1.96 1.05 1.45
Dividends Per Share 0.35 0.37 0.40 0.22 0.30
Total Assets 640,783.37M 728,555.74M 800,557.69M 910,239.96M 986,407.32M
Total liabilities 475,975.82M 544,493.00M 596,850.38M 679,906.79M 736,633.73M
Total equity 121,176.19M 123,761.63M 137,086.48M 151,536.69M 160,333.31M
Operating cash flow 31,406.10M 17,838.98M 3,513.95M 4,875.45M -8,086.62M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 13,024.90M 16,525.83M 20,692.49M 19,811.20M 25,008.87M
Gross Profit 4,757.20M 6,290.30M 7,808.47M 7,329.90M 8,628.98M
Operating income 827.27M 829.26M 1,437.17M 1,071.36M 823.85M
Income before tax 2,731.09M 2,423.54M 2,950.43M 1,693.00M 2,464.12M
Net income 1,947.44M 2,026.05M 2,142.00M 1,158.99M 1,564.48M
EBITDA 1,216.96M 1,399.38M 2,406.51M 2,158.48M 2,051.37M
Diluted EPS 0.22 0.23 0.25 0.13 0.18
Dividends Per Share 0.04 0.04 0.05 0.02 0.03
Total Assets 81,969.90M 93,054.43M 102,743.61M 117,392.00M 126,522.49M
Total liabilities 60,887.49M 69,545.11M 76,599.80M 87,686.35M 94,485.04M
Total equity 15,501.02M 15,807.39M 17,593.68M 19,543.41M 20,565.30M
Operating cash flow 4,030.13M 2,276.09M 448.48M 628.60M -1,040.36M

Valuation Measures

Dec 2021
PER5.77
ROA1.28%
ROE7.79%
Operating margin3.29%
Profit margin6.25%

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
  • Senior Vice President: Jian Nong Qian
  • Co-Chief Human Resource Officer & Vice President: Min Gao

Shareholders

  • Fosun International Holdings Ltd. (72.4%)
  • BlackRock Fund Advisors (0.8%)
  • The Vanguard Group, Inc. (0.8%)
  • T. Rowe Price International Ltd. (0.4%)
  • Dimensional Fund Advisors LP (0.3%)
  • Norges Bank Investment Management (0.3%)
  • CHEN QI YU (0.3%)
  • XU XIAO LIANG (0.2%)
  • BlackRock Advisors (UK) Ltd. (0.2%)
  • QIN XUE TANG (0.2%)

Contact Details

  • Website:http://www.fosun.com
  • Address: Building S1, Bund Finance Center, No. 600, Zhongshan East 2nd Road, Shanghai, 200010, China
  • Phone: +86.21.2315.6666

Related Companies

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  • Fosun Wealth Holdings Ltd.
  • Shanghai Fuyu Culture & Development Co., Ltd.
  • Fosun Healthcare US LLC
  • Fosun Atlas Capital SICAV RAIF SCS
  • Chengdu Forte Mingzhu Property Co., Ltd.
  • Hainan Atlantis Commerce & Tourism Development Co., Ltd.
  • Fosun Fashion Group (Cayman) Ltd.
  • Fosun Ruizhe Asset Management Co. Ltd.
  • WEI Beauty
  • Zhejiang Fosun Yi Cosmetic Co. , Ltd.
  • Fosun FFT Holdings (Germany) GmbH
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  • Ironshore Agency Ltd.
  • Roc Oil (Finance) Pty Ltd.
  • Fosun Health Holdings Ltd.
  • Chongqing Yao Pharmaceutical Co., Ltd.
  • Hainan Forte Investment Co., Ltd.
  • Fosun Tourism Group
  • Transcendent Resources Ltd.
  • Atlantis Sanya
  • Fosun Capital Holdings Ltd.
  • Shanghai Fosun High Technology Co. Ltd.
  • Shanghai Fosun Venture Investment Management Co., Ltd.
  • Zhejiang Fosun Business Development Co. Ltd.
  • Fosun Management (UK) Ltd.
  • Fortune Star (BVI) Ltd.
  • Fosun Eurasia Capital LLC
  • Forte Group Co., Ltd.
  • Fosun Management (Swiss) GmbH

Competitors

  • Pierre et Vacances SA
  • Inter & Co., Inc. Shs Unsponsored Brazilian Depositary Receipt Repr 1 Sh
Last Updated on 16 Aug, 2022

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