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Finance
Fosun International Ltd.
- 12.14 HKD
- +0.10
- +0.83%
China
Mar 25, 2019Ticker
HKG(656)Prev. close
12.04Market cap (HKD)
102,905.02MMarket cap (USD)
13,114.26MShares
8,546.92M
In the news
- Wanda Group sheds assets as fast as it bought them Feb 14, 2019
- Fosun to buy 25% stake in Japan's Huis Ten Bosch park Dec 4, 2018
- Alibaba and Tencent chiefs among China's '100 entrepreneurs' Oct 26, 2018
- Brewer Asahi tackles debt pile ahead of fresh M&A May 24, 2018
- Hong Kong shares fall as trade uncertainties return May 23, 2018 See more articles on 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 2017 | HKD | USD |
| Revenue | 101,500.66M | 13,024.90M |
| Gross Profit | 37,072.05M | 4,757.20M |
| Operating income | 6,446.83M | 827.27M |
| Income before tax | 21,282.93M | 2,731.09M |
| Net income | 15,176.09M | 1,947.44M |
| EBITDA | 9,483.56M | 1,216.96M |
| Diluted EPS | 1.76 | 0.22 |
| Dividends Per Share | 0.35 | 0.04 |
| Total Assets | 640,783.37M | 81,969.90M |
| Total liabilities | 475,975.82M | 60,887.49M |
| Total equity | 121,176.19M | 15,501.02M |
| Operating cash flow | 31,406.10M | 4,030.13M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 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 | 4,114.08M | 7,411.26M | 2,924.16M | 6,446.83M |
| 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 | 7,020.58M | 11,839.56M | 6,578.72M | 9,483.56M |
| 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 | 475,975.82M |
| 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 | 31,406.10M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 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 | 530.52M | 955.97M | 376.70M | 827.27M |
| 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 | 905.33M | 1,527.17M | 847.50M | 1,216.96M |
| 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 | 60,887.49M |
| 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 | 4,030.13M |
Valuation Measures
| Dec 2017 | |
| PER | 9.81 |
| ROA | 2.56% |
| ROE | 13.54% |
| Operating margin | 6.35% |
| Profit margin | 14.95% |
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, Executive Director & SVP: Can Wang
- Executive Director & Senior Vice President: Xue Tang Qin
Shareholders
- Fosun International Holdings Ltd. (70.7%)
- BlackRock Fund Advisors (0.9%)
- The Vanguard Group, Inc. (0.9%)
- Capital Research & Management Co. (Global Investors) (0.6%)
- T. Rowe Price International Ltd. (0.3%)
- BlackRock Japan Co., Ltd. (0.3%)
- Dimensional Fund Advisors LP (0.2%)
- BlackRock Advisors (UK) Ltd. (0.2%)
- Goldman Sachs Asset Management International (0.1%)
- Norges Bank Investment Management (0.1%)
Contact Details
- Website:http://www.fosun.com
- Phone: +86.21.2315.6666
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Last Updated on 25 Mar, 2019