Fosun Internatio Stock Price, News & Analysis

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.

Fosun Foundation has launched the second stage of its 'A Healthy Winter Action' initiative, delivering 19,600 bottles of Azvudine to rural clinics in 24 counties across China, including Sichuan, Chongqing, Gansu, Hainan, Yunnan, Guizhou, and Jiangxi. The program aims to support over 20,000 villagers, primarily seniors, amid the COVID-19 epidemic. Notably, a live-streamed training session on COVID-19 prevention attracted over 1.26 million viewers, including 15,783 rural doctors. This follows a previous donation of RMB 100 million worth of Azvudine to rural areas, highlighting the Foundation's commitment to improving healthcare access during the pandemic.

On January 16, 2023, Fosun High Technology secured a syndicated loan of RMB 12 billion from eight major banks in China, including Industrial and Commercial Bank of China and Bank of China. This loan aims to strengthen financing for private enterprises, boosting public expectations for private sector development. Fosun's Chairman, Guo Guangchang, expressed gratitude for the banks' support, emphasizing the loan's role in enhancing liquidity and business development. As a key player in the consumer sector, Fosun plans to leverage this opportunity to address family-oriented consumer needs in 2023.