FOSUN INTL LTD ORD - FOSUF STOCK NEWS

Fosun International, led by Chairman Guo Guangchang, reported a focus on sustainable growth and stable profits at the 2023 annual results conference. The company achieved a total revenue of RMB198.2 billion and a profit of RMB1.38 billion. Fosun emphasized core business strategies, debt optimization, and asset-light operations for future growth.

Fosun International (FOSUY) announced its 2023 annual results, showing a total revenue of RMB198.2 billion with a year-on-year increase of 8.6%. Industrial operation profit rose by 20% to RMB4.9 billion. Overseas revenue reached RMB89.2 billion, accounting for 45% of total revenue. The company focused on 'Deep mining' strategy, technology innovation, and asset-light operational capabilities for future growth.

The 4th Fosun Family Season concludes successfully with total sales exceeding RMB10 billion, highlighting a festive atmosphere and immersive experience. The Lantern Festival featured more than 60 Fosun brands, including Yuyuan Tourist Mart, Atlantis Sanya, and Club Med. The event emphasized stability and progress, with an overseas debut and digital construction. Development from 'IPs' like the Yuyuan Garden Lantern Festival stimulated new momentum, attracting over 700,000 visitors.

Fosun International Limited (00656.HK) has been included in the Sustainability Yearbook 2024 by S&P Global and recognized as an Industry Mover for its continuous efforts in environmental, social, and governance (ESG) initiatives. Only 759 companies out of over 9,400 assessed in 62 industries made it to the Yearbook, making membership highly competitive. Fosun International's commitment to ESG has led to a consistent rise in its S&P Global CSA ESG score since 2018, positioning it well ahead of its peers.

Fosun International Limited (Fosun, HKEX: 00656) received an S&P Global CSA ESG score of 68 points, significantly ahead of the industry average of 29 points, and an MSCI ESG rating of AA for three consecutive years, making it the only conglomerate in Greater China with such a rating.

Fosun Tourism Group (FOSUN) had a successful year in 2023, with impressive tourism rebound and business performance. The company's Atlantis Sanya saw a significant increase in business volume, exceeding RMB1.3 billion in the first three quarters of 2023, representing an 83.2% increase compared to the same period in 2022. Club Med Urban Oasis resorts in Nanjing and Taicang, China, also gained popularity, with Alps Snow Live in Taicang becoming internet-famous. Fosun's disposal of Nanjing Nangang further solidified its focus on core businesses in the household consumption sector. Despite the industry downturn, Nanjing Iron & Steel remained competitive, registering a monthly profit.

Fosun (FOSUF) kicks off the 72-day festival celebrating the Year of the Dragon, partnering with more than 60 brands to host thousands of events in over 10 countries, including China, France, the United States, Portugal, the United Kingdom, and Japan.

Fosun International (FOSUF) rated as 2023 Forbes China ESG Innovative Enterprise for its outstanding ESG practices, corporate growth, innovation, and industry influence.

Fosun International (FOSUF) has received the 'ESG Leading Enterprise Award' in the Category I - Market capitalization over HK$20 billion by the Chinese Edition of Bloomberg Businessweek in partnership with Deloitte, InvestHK, Hong Kong Institute of Bankers, Hong Kong Securities and Investment Institute, and CFA Society Hong Kong. Fosun International has been recognized for its outstanding performance in environmental, social, corporate governance (ESG), corporate sustainability, and information disclosure. The company has set up dedicated committees and working groups to oversee and implement ESG strategies, achieving remarkable ESG performance with high ratings from MSCI, S&P, HSI, and FTSE Russell. Fosun International is committed to actively taking on greater social responsibility, implementing the concept of ESG, and promoting carbon neutrality and sustainable development.