Welcome to our dedicated page for FOSUN INTL UNSP/ADR news (Ticker: FOSUY), a resource for investors and traders seeking the latest updates and insights on FOSUN INTL UNSP/ADR stock.
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.
Fosun has initiated a global campaign for a malaria-free world, aligning with World Malaria Day on April 25. The campaign involved various charitable activities in over 15 countries from April 20 to April 26, emphasizing investment and innovation.
Fosun Pharma, leveraging over 30 years of expertise, has distributed over 280 million artesunate injections, saving over 56 million lives, primarily in Africa. The company launched a production facility in Ivory Coast in November 2022 to enhance local pharmaceutical access, which is expected to produce one billion tablets by 2024.
A charity song performed at a Premier League match further promoted the campaign, and Fosun's landmarks globally illuminated messages supporting malaria eradication. The company also aims to establish long-term charitable mechanisms in Africa, collaborating with various organizations to combat malaria effectively.
Fosun International reported a revenue of RMB 175.39 billion for 2022, an 8.7% increase despite challenges from the pandemic and international market volatility, with a net profit of RMB 0.54 billion. The company emphasized recovery in 2023, particularly in tourism and commercial sectors, and expressed confidence in future growth. Fosun divested non-core assets to streamline operations and focused on core business strengths. Notably, it received an MSCI ESG rating of AA and maintained stable debt ratios. The company aims to enhance product competitiveness through innovation and global operations while continuing to prioritize ESG responsibilities.
Fosun International announced its 2022 annual results, highlighting a total revenue of
On March 17-18, Guo Guangchang, Chairman of Fosun, participated in major economic forums in China, emphasizing innovation and global operations. In an interview, Guo highlighted Fosun's R&D investments, particularly in biopharmaceuticals, and expressed confidence in achieving set development goals for the year. The tourism sector shows significant recovery, with Atlantis Sanya's occupancy exceeding 90%. Fosun's diverse businesses demonstrated strong performance, with Yuyuan Garden attracting over 4 million visitors and Club Med achieving record business volumes. Guo called for maintaining corporate health and innovation as essential for sustainable growth.
The Yuyuan Garden Lantern Festival in Shanghai recently hosted consular officials from 51 countries, showcasing Chinese culture through vibrant lantern displays and traditional performances. Co-hosted by the Foreign Affairs Office of Shanghai, this year's festival featured themes from the classic 'The Classic of Mountains and Seas' and integrated digital technologies for an enhanced experience. Approximately 3 million visitors have attended, including a significant number from the younger generation. The event received international attention, with promotion from the Chinese Ministry of Foreign Affairs and participation in various events abroad, solidifying its status as a cultural highlight.
On February 4, 2023, at Molineux Stadium, Wolverhampton Wanderers celebrated the Lantern Festival with a vibrant event featuring traditional Rabbit Lanterns from the Yuyuan Garden Lantern Festival. The Wolves, who defeated Liverpool 3-0 in the Premier League, showcased cultural exchanges through festive displays and messages. Fosun, the owner of Wolves, aims to promote Chinese culture globally. The event attracted over 30,000 fans and marked the first introduction of the Chinese Lantern Festival to the Premier League, highlighting China's cultural heritage and enhancing Fosun's brand visibility.
On January 9, 2023, Fosun Foundation partnered with Fosun Pharma and Genuine Biotech to donate RMB100 million worth of Azvudine tablets aimed at combating COVID-19 in rural areas during the peak season following Chinese New Year. By January 29, 173,200 bottles were distributed across 116 counties in 19 regions, benefiting approximately 150,000 villagers, notably seniors over 65. The initiative faced challenges in logistics and timely distribution, but volunteer efforts facilitated the delivery process. Additionally, Fosun Foundation is enhancing the skills of rural doctors through specialized training and providing essential medical supplies and digital healthcare systems.
Fosun International reported significant growth during the Spring Festival Golden Week, attributed to recovering consumer confidence. The occupancy rates of Club Med resorts in China reached over 90%, with Atlantis Sanya hitting 97.4%. The Yuyuan Garden Lantern Festival attracted 2.33 million visitors, boosting consumption by 20% year-over-year. Fosun Health ensured a stable supply of COVID-19 treatment Azvudine during the holiday, with online sales up 244%. Analysts express optimism for Fosun's future, with expectations of strong growth in the family-oriented consumer sector as China's economy continues to recover.
FAQ
What is the current stock price of FOSUN INTL UNSP/ADR (FOSUY)?
What is the market cap of FOSUN INTL UNSP/ADR (FOSUY)?
When was Fosun International Limited founded?
What is Fosun International's mission?
What are the key focus areas in Fosun's sustainable development strategy?
How does Fosun contribute to society through innovation?
What social value does Fosun's Foundation create?
How does Fosun integrate ESG into its corporate governance?
