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Press Releases |
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Tuesday, April 1, 2025 |
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Fosun's Stable Fundamentals Support its Clear Growth Path |
Fosun International (HKEX: 0656), which is committed to advancing its core business-focused and business streamlining strategy, announced its 2024 annual results on 30 March. more info >> |
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Monday, March 31, 2025 |
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Fosun's Core Businesses Stay Firm Despite One-off Non-cash Loss |
On 30 March, Fosun International (00656) announced its 2024 annual results, reporting a total revenue of RMB192.14 billion. The Group's four core subsidiaries - Yuyuan, Fosun Pharma, Fosun Insurance Portugal, and Fosun Tourism Group ("FTG") - generated a total revenue of RMB134.65 billion, accounting for 70.1% of the Group's total revenue. more info >> |
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Friday, December 13, 2024 |
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Fosun Bolsters Core Business with Two Key Asset Privatizations |
On the evening of 10 December, Fosun Tourism Group (FTG) announced on the Hong Kong Stock Exchange its plan to repurchase shares at a price of HK$7.8 per share. This price represents a 111% premium over the closing price of the day before the last trading day. more info >> |
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Tuesday, November 26, 2024 |
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S&P Acknowledges Fosun's Return to the USD Bond Market |
S&P Global Ratings released an updated report expressing strong recognition of Fosun International (HKEX: 00656)'s recent US dollar note issuance. S&P noted that the successful issuance is positive for the company's credit matrix as it helps broaden the Group's funding channels, thereby maintaining a "stable" outlook on Fosun International's rating. more info >> |
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Wednesday, October 23, 2024 |
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Stable S&P rating supports Fosun's globalization and innovation |
HK equity market experienced snap adjustment rally in September, and is now entering stock picking phase before new round of catalyst arrives. Now is the period when investors explore resilient names whose fundamentals is robust enough to weather market turbulence. more info >> |
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Wednesday, October 16, 2024 |
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Fosun Secures EUR670 Million for Completion of Ageas Sale |
According to Ageas's press release, BNP Paribas notified Ageas on October 3, 2024, that its current shareholding in Ageas reached 10.91%. This change in shareholding is based on the agreement reached between BNP Paribas and Fosun International on April 14, 2024. Fosun International entered into an agreement with BNP Paribas to sell up to 15,401,253 shares of AGEAS SA/NV for a total consideration between EUR626 million and EUR670 million. more info >> |
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Tuesday, October 15, 2024 |
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US Rate Cut and China Stimulus Ignite Fosun's Surge |
As we enter the fourth quarter, the market buzzes with optimism. The U.S. Federal Reserve's interest rate reduction, aimed at bolstering liquidity, has drawn Chinese mainland capital inflow into the Hong Kong stock market. more info >> |
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Friday, August 30, 2024 |
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Fosun Pursues Solid Business Development with Predictable Profit |
On 28 August 2024, Fosun International (HKEX: 0656) announced its 2024 interim results. During the reporting period, its revenue continued to grow, reaching RMB97.84 billion. Industrial operation profit maintained growth, reaching RMB3.47 billion, and profit attributable to owners of the parent was RMB720 million. more info >> |
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Tuesday, August 6, 2024 |
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Research Analysis: Fosun is on Track for Valuation Recovery |
Fosun International (00656.HK) continues to focus on its core industries and optimize operational capabilities, resulting in increased earnings certainty, stable cash flow improvement, and continuous dividend growth. It is expected that Fosun's valuation set for gradual recovery. more info >> |
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Monday, July 29, 2024 |
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Fosun's Path to Globalization Cultivates Scarce Capabilities |
'Go global or go home.' Today, globalization is an inevitable path for Chinese enterprises to succeed. There are two paths to globalization: one focuses on cost-effectiveness, exporting products, services or production capacity. The other, chosen by Fosun International (HKEX: 0656), is to become a truly global enterprise with a global vision - global presence, global operation and global development. more info >> |
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More Press release >> |
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