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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 2020 HKDUSD
Revenue153,529.64M19,794.96M
Gross Profit56,825.77M7,326.69M
Operating income8,312.24M1,071.71M
Income before tax13,148.80M1,695.30M
Net income9,009.70M1,161.64M
EBITDA16,743.94M2,158.83M
Diluted EPS1.060.13
Dividends Per Share0.220.02
Total Assets910,193.00M117,385.94M
Total liabilities681,261.73M87,861.09M
Total equity151,539.08M19,543.72M
Operating cash flow----
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 86,423.90M 101,500.66M 129,521.97M 162,129.79M 153,529.64M
Gross Profit 30,229.86M 37,072.05M 49,300.57M 61,180.95M 56,825.77M
Operating income 2,924.16M 6,446.83M 6,499.43M 11,260.58M 8,312.24M
Income before tax 15,836.47M 21,282.93M 18,994.64M 23,117.28M 13,148.80M
Net income 11,997.53M 15,176.09M 15,879.26M 16,782.99M 9,009.70M
EBITDA 6,578.72M 9,483.56M 10,967.74M 18,855.54M 16,743.94M
Diluted EPS 1.39 1.76 1.85 1.96 1.06
Dividends Per Share 0.21 0.35 0.37 0.40 0.22
Total Assets 543,071.34M 640,783.37M 728,555.74M 800,557.69M 910,193.00M
Total liabilities 404,375.27M 475,975.82M 544,493.00M 596,850.38M 681,261.73M
Total equity 102,971.83M 121,176.19M 123,761.63M 137,086.48M 151,539.08M
Operating cash flow 18,358.47M 31,406.10M 17,838.98M 3,513.95M --
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 11,133.57M 13,024.90M 16,525.83M 20,692.49M 19,794.96M
Gross Profit 3,894.36M 4,757.20M 6,290.30M 7,808.47M 7,326.69M
Operating income 376.70M 827.27M 829.26M 1,437.17M 1,071.71M
Income before tax 2,040.13M 2,731.09M 2,423.54M 2,950.43M 1,695.30M
Net income 1,545.58M 1,947.44M 2,026.05M 2,142.00M 1,161.64M
EBITDA 847.50M 1,216.96M 1,399.38M 2,406.51M 2,158.83M
Diluted EPS 0.17 0.22 0.23 0.25 0.13
Dividends Per Share 0.02 0.04 0.04 0.05 0.02
Total Assets 70,045.25M 81,969.90M 93,054.43M 102,743.61M 117,385.94M
Total liabilities 52,156.25M 60,887.49M 69,545.11M 76,599.80M 87,861.09M
Total equity 13,281.28M 15,501.02M 15,807.39M 17,593.68M 19,543.72M
Operating cash flow 2,365.03M 4,030.13M 2,276.09M 448.48M --

Valuation Measures

Dec 2020
PER11.47
ROA1.05%
ROE6.24%
Operating margin5.41%
Profit margin5.86%

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. (71.9%)
  • The Vanguard Group, Inc. (0.8%)
  • BlackRock Fund Advisors (0.7%)
  • T. Rowe Price International Ltd. (0.4%)
  • Dimensional Fund Advisors LP (0.4%)
  • Norges Bank Investment Management (0.3%)
  • CHEN QI YU (0.2%)
  • BlackRock Advisors (UK) Ltd. (0.2%)
  • XU XIAO LIANG (0.2%)
  • QIN XUE TANG (0.1%)

Contact Details

Related Companies

  • 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
  • Hauck & Aufhaeuser Privatbankiers Ag/Custody/
  • 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
  • Fosun Tonghao Capital
  • Paulton Global Ltd.
  • Fosun Cultural Industry Investment Group
  • Fosun Asset Management Ltd.

Competitors

  • Pierre & Vacances SA
Last Updated on 16 Apr, 2021

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