Asia300

Fosun International Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
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Aug 18, 2017
Prev close: 11.8
Aug 18, 2017
Market cap:
Market cap(USD):
101,265M
12,945.9M
Shares: 8,581.82M

Currency in HKD

Company profile

Market(Ticker): HKG(656)
Sector:
Industry:
Non-Energy Minerals
Steel
Full time employees: 53,000

Business summary

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.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 86,423.90M
Gross profit 30,229.86M
Operating income 6,614.40M
Income before tax 15,836.47M
Net income 11,997.53M
EBITDA 10,269.45M
Diluted EPS 1.39
Dividends per share 0.21
Total assets 543,071.34M
Total liabilities 404,375.27M
Total equity 102,971.83M
Operating cash flow 18,358.47M

Currency in HKD

Revenue 11,133.57M
Gross profit 3,894.36M
Operating income 852.10M
Income before tax 2,040.13M
Net income 1,545.58M
EBITDA 1,322.96M
Diluted EPS 0.17
Dividends per share 0.02
Total assets 70,045.25M
Total liabilities 52,156.25M
Total equity 13,281.28M
Operating cash flow 2,365.03M

Currency in USD

Valuation measures

Dec 2016

PER 7.89
ROA 2.33%
ROE 12.41%
Operating margin 7.65%
Profit margin 13.88%

Key executive

  • 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

Share holders

  • 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%)

Address

  • Website: http://www.fosun.com
  • Address: No. 2 East Fuxing Road, Shanghai, 200010, China
  • Phone: +86.21.2315.6666

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