OTC:FOSUY

"Be More Courageous and Take Things One Step at a Time" Fosun's Management Explains 2023 Interim Results in Detail

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星期五, 九月 1, 2023
Happiness, HAL, Health, China Banking Regulatory Commission, China Securities Regulatory Commission, Fosun Pharma, CFO, Growth, ESG, Financial management, Intelligence, Common, Bank, Fosun International

On 31 August, Fosun International held the 2023 interim results presentation, during which Guo Guangchang, Chairman of Fosun International, made the above remarks.

Key Points: 
  • On 31 August, Fosun International held the 2023 interim results presentation, during which Guo Guangchang, Chairman of Fosun International, made the above remarks.
  • ; profit attributable to owners of the parent for the Reporting Period was RMB 1.36 billion.
  • Fosun itself has indeed benefited from its strong global operations, and we will continue to further build up our globalization capabilities."
  • Guo Guangchang said, "We must innovate, develop, and better serve customers one step at a time to navigate the cycle.

Fosun International: Focused Development, Steady Advancement, Total Revenue for the First Half of 2023 Up 10.9% YoY to RMB97.06 Billion

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星期五, 九月 1, 2023
Happiness, Fosun Pharma, Innovation, NAV, USD, HKEX, Club Med, FTG, Growth, Relaxation, Total, S&P Global Ratings, Fine chemical, Tourism, Bank, Health, Fosun International

In the first half of 2023, the international political and economic environment remained evolving and complex, while China's economy has recovered modestly.

Key Points: 
  • In the first half of 2023, the international political and economic environment remained evolving and complex, while China's economy has recovered modestly.
  • During the Reporting Period, the Group achieved a total revenue of RMB97.06 billion, representing a year-on-year increase of 10.9%.
  • During the Reporting Period, the Group's profit attributable to owners of the parent during the Reporting Period was RMB1.36 billion.
  • In the first half of 2023, overseas business became the driving force for the Group's development, overseas revenue amounted to RMB44.09 billion, accounting for 45.4% of total revenue.

A Detailed Look at Interim Results 2023: How did Fosun Set Sail Again After the "Perfect Storm"?

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星期四, 八月 31, 2023
Happiness, Total, Face, Trastuzumab, Metaphor, USD, Incidence, Patient, Fosun Pharma, FTG, Growth, Biosimilar, MAA, PD-1, FDA, Regulation of tobacco by the U.S. Food and Drug Administration, Empowerment, Food, S&P Global Ratings, Cryptocurrency, Bank, Security (finance), Renewable energy, Fine chemical, Health, Fosun International

On 31 August, Fosun International held its 2023 interim results presentation.

Key Points: 
  • On 31 August, Fosun International held its 2023 interim results presentation.
  • The key indicator reflecting a company's endogenous growth capabilities - industrial operation profit surged 66% (excluding the effects of asset disposed) year-on-year to RMB3.37 billion.
  • In addition, on 30 June, Fosun International arranged to redeem the USD700 million offshore bond due on 2 July.
  • According to the interim results announcement, Fosun has continued to firmly push forward the implementation of the divestment of non-strategy and non-core assets in 2023.

Fosun International: Focused Development, Steady Advancement, Total Revenue for the First Half of 2023 Up 10.9% YoY to RMB97.06 Billion

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星期三, 八月 30, 2023

HONG KONG, Aug. 30, 2023 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International"), together with its subsidiaries ("Fosun" or the "Group"), today announced the interim results for the six months ended 30 June 2023 (the "Reporting Period").

Key Points: 
  • Total debts to total capital ratio was 51.8%, the average cost of debt was 5.32%; the adjusted NAV was HK$20.1 per share.
  • In particular, Yuyuan's revenue grew 21.86% year-on-year to RMB27.44 billion; FTG saw a 38.7% surge year-on-year in its revenue to RMB8.90 billion and turned profits.
  • In the first half of 2023, overseas business became the driving force for the Group's development, overseas revenue amounted to RMB44.09 billion, accounting for 45.4% of total revenue.
  • Fosun International 2023 interim results presentation will be held on 31 August 2023, from 10:00 to 16:40.

Fosun International Wins Pioneering Award for ESG Disclosure Contribution at the HKQAA Hong Kong Green and Sustainability Contribution Awards 2023

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星期一, 八月 28, 2023
Carbon, Social responsibility, Paris, Paris Agreement, ABC Family Worldwide, Education, Culture, United Nations Global Compact, Temperature, Music Pioneer Awards, Carbon neutrality, TCFD, Fosun International, Hygiene, The Bund Finance Center, Hong Kong, Task force, Task Force on Climate Related Financial Disclosures, Sustainable development, Climate change, Commerce, ESG, Health, Hong Kong Green Jazz Festival, Environment, Safety, Renewable energy

HONG KONG, Aug. 28, 2023 /PRNewswire/ -- Hong Kong Quality Assurance Agency ("HKQAA") held the Hong Kong Green and Sustainability Contribution Awards 2023 on 25 August.

Key Points: 
  • HONG KONG, Aug. 28, 2023 /PRNewswire/ -- Hong Kong Quality Assurance Agency ("HKQAA") held the Hong Kong Green and Sustainability Contribution Awards 2023 on 25 August.
  • Fosun International was awarded the Pioneering Award for ESG Disclosure Contribution by HKQAA, in recognition of the company's performance in environmental, social, governance and sustainable development, which has been recognized by the market.
  • To support Hong Kong's development into a green and sustainable hub, HKQAA has launched the Hong Kong Green and Sustainability Contribution Awards 2023, aiming at promoting the sustainable development of businesses and society as a whole, as well as commending those companies which have been actively promoting sustainable development.
  • Fosun has always been adhering to the values of "Self-improvement, Teamwork, Performance and Contribution to Society".

Fosun International Awarded "ESG Achievement Programme 2023" Logo and Certificate of Appreciation by Hong Kong Economic Journal

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星期一, 八月 21, 2023
Benchmark, Carbon, Social responsibility, China Construction Bank, FWD Group, Legend Holdings, Paris, Paris Agreement, S&P Global, ABC Family Worldwide, MTR, PCCW, Bank of China, Education, China Minsheng Bank, Insurance, REIT, Culture, Henderson Land Development, Temperature, HKEJ, Carbon neutrality, TCFD, Chinachem, The Bund Finance Center, Task force, Hong Kong Economic Journal, MSCI, Task Force on Climate Related Financial Disclosures, Sustainable development, Climate change, Sustainability, Hang Seng Index, Growth, ESG, Bank, Health, Renewable energy, Fosun International, Fidelity

HONG KONG, Aug. 21, 2023 /PRNewswire/ -- Hong Kong's first Chinese financial newspaper, Hong Kong Economic Journal (HKEJ) announced the list of companies with outstanding ESG performance on 18 August.

Key Points: 
  • HONG KONG, Aug. 21, 2023 /PRNewswire/ -- Hong Kong's first Chinese financial newspaper, Hong Kong Economic Journal (HKEJ) announced the list of companies with outstanding ESG performance on 18 August.
  • Fosun International was awarded the "ESG Achievement Programme 2023" logo and certificate of appreciation by HKEJ, in recognition of the company's performance in environmental, social, governance and sustainable development, which has been recognized by the market.
  • Driven by this trend, many Hong Kong companies have pledged to promote sustainable development and closely follow the pace of multinational corporations in terms of ESG.
  • Among them, many well-known Hong Kong companies have been actively promoting sustainable development, and continue to publicize their innovative ideas and practical plans to the market.

Fosun Repays US$700 Million Bond, and Has No Significant US Dollar Bonds Maturing in the Next 12 Months

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星期二, 七月 4, 2023
Projection, S&P Global, RMB, S&P Global Ratings, Bank, Fosun International

In addition, Fosun has completed the repayment of RMB6.7 billion maturing onshore bonds in the public market.

Key Points: 
  • In addition, Fosun has completed the repayment of RMB6.7 billion maturing onshore bonds in the public market.
  • As a result, Fosun has alleviated any near-term pressure associated with offshore debt repayment for the next 12 months.
  • Being a diversified and internationally active conglomerate, Fosun benefits from the inherent advantages of a well-balanced asset portfolio that can withstand industry-specific and market-specific downturns.
  • The successful redemption of maturing debts in 2023 underscores Fosun's consistent execution of its financial strategy aimed at divesting non-core assets.