|Aug 18, 2017|
|Aug 18, 2017|
Currency in HKD
|Full time employees:||53,000|
Fosun International Ltd. engages in the manufacturing and selling of pharmaceutical and healthcare products, property development, the manufacture and sale of iron and steel products, mining and ore processing of various metals, asset management, operation and investment in insurance business and various other investments. The core businesses of the company consist of Insurance; Industrial Operations; Investment; and Asset Management, which four segments are re-classified from the previous seven segments of Insurance; Pharmaceuticals and Healthcare; Property; Steel; Mining; Retail, services, finance and Other Investments; and Asset Management. The Insurance segment engages in the operations and investments in insurance business. The Pharmaceuticals and healthcare segment is involved in the research and development, manufacturing, sale and trading of pharmaceutical and healthcare products. The Property segment is engaged in the development and sale of properties in China. The Steel segment engages in the manufacturing, sale and trading of iron and steel products. The Mining segment is involved in the mining and ore processing of various metals. The Retail, services, finance and other investments segment comprises, principally, the management of investments in retail, service, finance and other business. The Asset management segment engages in the asset management business through the platform such as corporation funds, partnership funds and trusts. Fosun International was founded on December 24, 2004 and is headquartered in Shanghai, China.
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.
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- Local currency
- US Dollar
|Income before tax||15,836.47M|
|Dividends per share||0.21|
|Operating cash flow||18,358.47M|
Currency in HKD
|Income before tax||2,040.13M|
|Dividends per share||0.02|
|Operating cash flow||2,365.03M|
Currency in USD
- 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
- Fosun International Holdings Ltd.(71.7%)
- The Vanguard Group, Inc.(0.9%)
- Invesco Canada Ltd.(0.8%)
- BlackRock Fund Advisors(0.7%)
- Capital Research & Management Co. (Global Investors)(0.5%)
- Norges Bank Investment Management(0.2%)
- Dimensional Fund Advisors LP(0.2%)
- BlackRock Advisors (UK) Ltd.(0.2%)
- QIN XUE TANG(0.1%)
- CHEN QI YU(0.1%)
- Website: http://www.fosun.com
- Address: No. 2 East Fuxing Road, Shanghai, 200010, China
- Phone: +86.21.2315.6666
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