Fosun Internatio - FOSUY STOCK NEWS

Fosun has reported a significant recovery across its business sectors following the easing of epidemic restrictions in Shanghai. As of June 29, dine-in services at the Bund Finance Center have resumed, contributing to an economic rebound. Yuyuan's Jewelry & Fashion segment saw sales rise over 100% year-on-year, while Fosun's tourism operations experienced increased visitor flows, particularly in Sanya. Internationally, Club Med bookings surpassed 2019 levels. Additionally, Fosun Pharma achieved collaborations for drug commercialization in China, indicating growth in its health segment.

Fosun's 28 Liberty Plaza in New York has successfully hosted multiple community events since early June 2022, promoting arts and culture access to thousands. Notable events include the Sing for Hope Pianos pop-up on June 3, featuring free concerts and artist-designed pianos, and the Dine Around Downtown food festival, which returned after two years, showcasing 35 restaurants on June 7. The River to River Festival showcased contemporary art installations from June 12-26. Fosun celebrates its 30th anniversary by enhancing community engagement and corporate social responsibility efforts.

LUSANT, a fashionable diamond brand under Yuyuan Jewelry and Fashion Group, showcased its jewelry at the prestigious JCK Las Vegas event on June 13, 2022. The exhibition aimed to enhance brand awareness and present its unique lab-grown diamonds, particularly the rare pink diamonds from the La Voyageur de la Galaxie collection, utilizing advanced technology and craftsmanship. Founded in 1992, Fosun, the parent company, focuses on diversifying its consumer segments with high-quality products. LUSANT emphasizes stylish designs while breaking traditional diamond industry norms.

Fosun Foundation has swiftly responded to the COVID-19 outbreak in Shanghai, launching the "Community Support Action" on April 1. By April 18, it delivered over 670,000 anti-epidemic packs across 315 communities. The initiative aims to meet urgent community needs amidst the pandemic, with 51,000 goods dispatched from a distribution center on April 15. The foundation's efforts focus on supplying protective materials to volunteers and local residents, highlighting its commitment to social responsibility and community welfare.

Recent research by Professor Shengdi Chen from Ruijin Hospital indicates that Tai Chi training significantly benefits patients with Parkinson's disease and mild cognitive impairment. Published in journals Translational Neurodegeneration and Alzheimer's & Dementia, the studies show Tai Chi can improve motor symptoms in Parkinson's patients and delay cognitive decline in mild cognitive impairment cases. Supported by the Fosun Foundation and Sino Taiji, these philanthropic projects aim to enhance patient care through non-drug interventions, providing free courses to hundreds of patients.

Fosun International reported robust 2021 annual results with total operating revenue of RMB161.29 billion, up 18% year-on-year. Profit attributable to owners rose 26% to RMB10.09 billion, driven by substantial growth in industrial operations, particularly in health and happiness segments. The company invested RMB8.9 billion in technology and innovation and expanded its member base to 396 million. With a solid financial base and improved ESG rating, Fosun is poised for sustainable development despite ongoing market challenges.

Fosun International received four prestigious awards from Corporate Governance Asia on January 20, 2022, including Asia's Best CEO for Co-CEOs Chen Qiyu and Xu Xiaoliang. The company was also recognized for Best CSR, Best Corporate Communications, and Best Environmental Responsibility. These honors reflect Fosun's commitment to social responsibility during the pandemic and its proactive role in supporting global health initiatives, including the development of an mRNA COVID-19 vaccine with BioNTech. The awards highlight Fosun's resilience, governance improvements, and efforts in corporate communication.