Finance
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 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 | HKD | USD |
| Revenue | 194,389.90M | 25,008.87M |
| Gross Profit | 67,071.66M | 8,628.98M |
| Operating income | 6,403.66M | 823.85M |
| Income before tax | 19,153.26M | 2,464.12M |
| Net income | 12,160.48M | 1,564.48M |
| EBITDA | 15,945.02M | 2,051.37M |
| Diluted EPS | 1.45 | 0.18 |
| Dividends Per Share | 0.30 | 0.03 |
| Total Assets | 986,407.32M | 126,522.49M |
| Total liabilities | 736,633.73M | 94,485.04M |
| Total equity | 160,333.31M | 20,565.30M |
| Operating cash flow | -8,086.62M | -1,040.36M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 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 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 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 | |
| PER | 5.77 |
| ROA | 1.28% |
| ROE | 7.79% |
| Operating margin | 3.29% |
| Profit margin | 6.25% |
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
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Competitors
- Pierre et Vacances SA
- Inter & Co., Inc. Shs Unsponsored Brazilian Depositary Receipt Repr 1 Sh
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