Fosun's Management: Globalization + Innovation + Asset-light Operations for Sustained and Stable Profits
Fosun International, a global consumer group, reported its 2024 interim results, highlighting its focus on globalization, innovation, and asset-light operations. Chairman Guo Guangchang emphasized the company's commitment to building a consumer-centered group with predictable development and profits. Fosun's overseas revenue accounted for 47% of total revenue, with plans for further increase. The company reported revenue of RMB97.84 billion and profit attributable to owners of RMB720 million. Fosun is streamlining its business, adopting an asset-light strategy, and focusing on core industries to achieve investment-grade ratings. The Group's adjusted total debt-to-capital ratio was 50.2%, continuing a downward trend since 2020.
Fosun International, un gruppo globale di consumatori, ha riportato i risultati intermedi per il 2024, evidenziando la sua attenzione su globalizzazione, innovazione e operazioni a basso utilizzo di capitale. Il presidente Guo Guangchang ha sottolineato l'impegno dell'azienda a costruire un gruppo centrato sul consumatore con uno sviluppo e profitti prevedibili. Il fatturato estero di Fosun ha rappresentato il 47% del fatturato totale, con piani per un ulteriore aumento. L'azienda ha registrato un fatturato di 97,84 miliardi di RMB e un utile attribuibile ai proprietari di 720 milioni di RMB. Fosun sta semplificando la propria attività, adottando una strategia a basso utilizzo di capitale e concentrandosi su settori chiave per ottenere classificazioni di investimento di grado. Il rapporto debito totale aggiustato su capitale del Gruppo era del 50,2%, continuando una tendenza al ribasso dal 2020.
Fosun International, un grupo consumador global, informó sobre sus resultados intermedios para 2024, destacando su enfoque en globalización, innovación y operaciones ligeras en activos. El presidente Guo Guangchang enfatizó el compromiso de la empresa de construir un grupo centrado en el consumidor con desarrollo y ganancias predecibles. Los ingresos del exterior de Fosun representaron el 47% de los ingresos totales, con planes para un aumento adicional. La empresa reportó ingresos de 97,84 mil millones de RMB y un beneficio atribuible a los propietarios de 720 millones de RMB. Fosun está simplificando su negocio, adoptando una estrategia ligera en activos y centrándose en industrias clave para lograr calificaciones de grado de inversión. El ratio de deuda total ajustado sobre capital del Grupo era del 50,2%, manteniendo una tendencia a la baja desde 2020.
포순 인터내셔널(Fosun International), 글로벌 소비자 그룹은 2024년 중간 실적을 발표하며 글로벌화, 혁신 및 자산 경량 운영에 대한 집중을 강조했습니다. 구광창 회장은 예측 가능한 발전과 수익을 가진 소비자 중심 그룹 구축에 대한 회사의 의지를 강조했습니다. 포순의 해외 수익은 총 수익의 47%를 차지하며, 추가 증가 계획이 있습니다. 회사는 97.84억 위안의 수익과 7억 2천만 위안의 소유자에게 귀속된 이익을 보고했습니다. 포순은 비즈니스를 간소화하고 자산 경량 전략을 채택하며 핵심 산업에 집중하여 투자 등급 점수를 달성하기 위해 노력하고 있습니다. 그룹의 조정된 총 부채비율은 50.2%로, 2020년 이후 감소 추세를 이어가고 있습니다.
Fosun International, un groupe mondial de consommateurs, a annoncé ses résultats intermédiaires pour 2024, mettant en avant son orientation vers la mondialisation, l'innovation et des opérations légères en actifs. Le président Guo Guangchang a souligné l'engagement de l'entreprise à construire un groupe centré sur le consommateur avec un développement et des bénéfices prévisibles. Le revenu international de Fosun représentait 47 % du chiffre d'affaires total, avec des plans pour une augmentation supplémentaire. L'entreprise a enregistré des revenus de 97,84 milliards de RMB et un bénéfice attribuable aux propriétaires de 720 millions de RMB. Fosun rationalise ses opérations, adoptant une stratégie légère en actifs et se concentrant sur des industries clés pour atteindre des notations de qualité d'investissement. Le ratio ajusté de la dette totale au capital du groupe était de 50,2 %, poursuivant une tendance à la baisse depuis 2020.
Fosun International, eine globale Verbrauchergruppe, hat ihre vorläufigen Ergebnisse für 2024 veröffentlicht und dabei den Fokus auf Globalisierung, Innovation und kapitalleichte Operationen hervorgehoben. Der Vorsitzende Guo Guangchang betonte das Engagement des Unternehmens, eine verbraucherzentrische Gruppe mit vorhersehbarer Entwicklung und Gewinnen aufzubauen. Der Auslandsumsatz von Fosun betrug 47% des Gesamtumsatzes, mit Plänen für eine weitere Steigerung. Das Unternehmen berichtete von Umsätzen in Höhe von 97,84 Milliarden RMB und einem Gewinn von 720 Millionen RMB, der den Eigentümern zuzurechnen ist. Fosun strafft sein Geschäft, verfolgt eine kapitalleichte Strategie und konzentriert sich auf Kernindustrien, um Investitionsgrad-Aktivitäten zu erreichen. Die angepasste gesamte Verschuldungsquote des Konzerns betrug 50,2%, und setzte damit den Abwärtstrend seit 2020 fort.
- Revenue growth to RMB97.84 billion
- Industrial operation profit growth to RMB3.47 billion
- Overseas revenue accounts for 47% of total revenue
- Four core subsidiaries achieved total revenue of RMB72.17 billion, 74% of Group's total
- Adjusted total debt-to-capital ratio decreased to 50.2%
- Profit attributable to owners of the parent decreased to RMB720 million
That morning, Fosun International held its 2024 interim results announcement in
Fosun always regards innovation and globalization as its core development strategies. Guo Guangchang said that Fosun takes great pride in its four innovation platforms in pharmaceuticals, including Shanghai Henlius, CAR-T cell therapy, da Vinci surgical robot, and magnetic resonance image guided focused ultrasound brain therapy system (i.e. MRgFUS brain therapy system, Exablate Neuro). Fosun highly values these world-class innovations that truly address customer needs and create value for customers. With the successful development of these four platforms, Fosun has significant potential for growth in the healthcare sector. Looking ahead, Fosun will continue to increase its investment in cutting-edge technologies such as biopharmaceuticals and advanced medical devices.
Guo Guangchang believes that in addition to innovating from 0 to 1, innovation also encompasses product innovation, integrated innovation and scenario innovation. Recently, Dongjia, a subsidiary of Fosun, launched a new brand "Dongjia Gold", which uses gold as a medium for artistic innovation in collaboration with artists. It integrates oriental lifestyle aesthetics that Fosun value into the design philosophy. In addition, Fosun's Atlantis Sanya, the upcoming Super Mediterranean project, and the overseas debut of Yuyuan Garden Lantern Festival are all exemplary cases of scenario innovation, serving as the driving forces for Fosun's future development.
Speaking of globalization, Guo Guangchang said that Fosun's overseas revenue has accounted for
Since the beginning of the year, in light of changes in domestic and international market conditions, Fosun has continued to advance the business streamlining and core business-focused strategy. Wang Qunbin, Co-Chairman of Fosun International, stated that while focusing on family customers and advantageous industries, Fosun is committed to streamlining its business, adopting an asset-light strategy and collaborating with key partners, and executing its focused strategy. The objective is to raise Fosun International's ratings to "investment grade" and the key is to center around family customers and Fosun's robust product lines, improve asset-light operation capabilities and industry vertical integration capabilities, and strengthen cooperation with domestic and overseas capital markets. While managing and adjusting asset optimization, Fosun will maintain a good pace and continuously create value for shareholders and customers.
In the first half of 2024, Fosun's integrated innovation model under a global vision became more mature, and a number of groundbreaking achievements continued to bring stable profits to Fosun. Chen Qiyu, Co-CEO of Fosun International, said that Fosun and Fosun Pharma have been pursuing globalization and taking products global for nearly 20 years. Generally speaking, this journey involves three key aspects. Firstly, Fosun and Fosun Pharma have been focusing on taking products to 'go global'. The PD-1 product, serplulimab, exemplifies differentiation and innovation as key factors in becoming a leading product. Secondly, Fosun and Fosun Pharma have been focusing on building regional capabilities, starting from
Amid the current domestic economic "involution", going global has become a "must-do" for Chinese companies. Xu Xiaoliang, Co-CEO of Fosun International, said that there's a saying regarding globalization: "Go global or go home." Fosun, which began its globalization journey early, has largely established a global presence. The next important step is to operate globally, focusing on global R&D, business development, and marketing. Fosun encourages all its subsidiaries to pursue globalization, but the goal is not merely to expand, it is to leverage globalization capabilities, integrate resources and better serve customers worldwide. Fosun's global development holds great promise for the future, with significant room for improvement.
During the reporting period, Fosun continuously optimized its asset portfolio, reduced leverage, maintained a sound financial position. As of the end of the reporting period, the Group's adjusted total debt-to-capital ratio was
Guo Guangchang believes that in the future, investors will place greater emphasis on the growth of core industries and the stability of cash flow. "One-off asset sales are only short-term solutions. The growth of core businesses is crucial for a company to achieve stable profits." Fosun aims to build a consumer group centered on core industries, with sustainable profit growth as its core, ensuring more predictable development and profits.
On the evening of 28 August 2024, Fosun International announced its 2024 interim results. During the reporting period, the Group's revenue continued to grow, reaching
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