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Fosun International Limited (FOSUN INTL LTD UNSP/ADR) is a global innovation-driven consumer group founded in 1992. Fosun has a mission of creating happier lives for families worldwide by providing high-quality products and services. With businesses in over 35 countries and regions, Fosun focuses on sustainable development through its core business strategy. The company recently issued its Environmental, Social, and Governance (ESG) Report 2023, emphasizing innovation, mindful operation, people-oriented approach, advanced governance, climate positivity, and transparency. Fosun actively contributes to society by developing breakthroughs in healthcare, including anticancer and antimalarial drugs, and prioritizing technology innovation. Through its Fosun Foundation, the company engages in global emergency relief, rural revitalization, health, education, culture, youth development, and more to create social value. Fosun integrates ESG performance into the Board's evaluation, establishing a top-down mechanism for long-term ESG improvement and enhancement.
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Fidelidade's subsidiary Luz Saúde, a leading private healthcare provider in Portugal, plans to seek admission for trading its shares on the Euronext Lisbon stock exchange through a public sale offer. The capital increase of approximately 100 million euros will support Luz Saúde's long-term growth and maintain a robust capital structure. Fosun International's commitment to healthcare accessibility and quality through Luz Saúde and Fidelidade is highlighted.
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Fosun International, led by Chairman Guo Guangchang, reported a focus on sustainable and predictable growth at the 2023 annual results conference. The company achieved a total revenue of RMB198.2 billion and a profit of RMB1.38 billion in 2023, with a reduced total debt and improved liquidity management. International credit agency S&P raised Fosun's rating outlook to 'stable'.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Fosun International (FOSUF) rated as 2023 Forbes China ESG Innovative Enterprise for its outstanding ESG practices, corporate growth, innovation, and industry influence.
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FAQ
What is the current stock price of FOSUN INTL UNSP/ADR (FOSUY)?
The current stock price of FOSUN INTL UNSP/ADR (FOSUY) is $14.12 as of January 24, 2025.
What is the market cap of FOSUN INTL UNSP/ADR (FOSUY)?
The market cap of FOSUN INTL UNSP/ADR (FOSUY) is approximately 4.6B.
When was Fosun International Limited founded?
Fosun International Limited, the global innovation-driven consumer group, was founded in 1992.
What is Fosun International's mission?
Fosun International is committed to creating happier lives for families worldwide by providing high-quality products and services.
What are the key focus areas in Fosun's sustainable development strategy?
Fosun's sustainable development strategy 'Create IMPACT' emphasizes innovation, mindful operation, people and partner orientation, advanced governance, climate positivity, and transparency.
How does Fosun contribute to society through innovation?
Fosun actively contributes to society by developing breakthroughs in healthcare, including anticancer and antimalarial drugs, and prioritizing technology innovation.
What social value does Fosun's Foundation create?
Fosun Foundation engages in global emergency relief, rural revitalization, health, education, culture, youth development, and more to create social value.
How does Fosun integrate ESG into its corporate governance?
Fosun integrates ESG performance into the Board's evaluation, establishing a top-down mechanism for long-term ESG improvement and enhancement.
FOSUN INTL LTD UNSP/ADR