Latest news with #FosunInternational
The Sun
5 days ago
- Business
- The Sun
Citi Renews Coverage of Fosun International with a 'Buy' Rating
HONG KONG SAR - Media OutReach Newswire - 25 July 2025 - Citi issued its latest report on 23 July, announcing the renewing coverage on Fosun International ( with a 'Buy' rating and a target price of HKD5.86. Citi has made material changes to its financial estimates on Fosun International, expecting core profit for financial year 2025 to grow by 197% year on year to RMB2.2 billion (excluding the one-off non-cash loss of RMB5.1 billion from Cainiao in financial year 2024). It also expects an 81% year-on-year profit growth in financial year 2026, primarily driven by the earnings recovery at the 'Happiness' segment and lowered finance costs from the Group's proactive deleveraging efforts. Citi also highlights that Fosun is accelerating its 'strategic advancements and exits' strategy, targeting to divest over RMB80 billion in heavy assets and non-core assets. By end of June 2025, Fosun completed the sale of all its 99.743% stake in the German private bank HAL, while retaining the asset servicing business HAFS. Citi believes that the capital recycling from asset divestments will enhance shareholders' returns and narrow the net asset value discount. The report points out that Fosun's current share price trades at a 71% discount to its net asset value. Despite its stock performance outperforming the Hang Seng Index over the past 30 days (+14% vs. +7%), its valuation still has significant room for recovery. Citi is optimistic about Fosun International's future earnings improvement and the re-rating potential brought by its deleveraging strategy, thus assigning a 'Buy' rating to Fosun International.
Zawya
5 days ago
- Business
- Zawya
Citi Renews Coverage of Fosun International with a "Buy" Rating
HONG KONG SAR - Media OutReach Newswire - 25 July 2025 - Citi issued its latest report on 23 July, announcing the renewing coverage on Fosun International ( with a "Buy" rating and a target price of HKD5.86. Citi has made material changes to its financial estimates on Fosun International, expecting core profit for financial year 2025 to grow by 197% year on year to RMB2.2 billion (excluding the one-off non-cash loss of RMB5.1 billion from Cainiao in financial year 2024). It also expects an 81% year-on-year profit growth in financial year 2026, primarily driven by the earnings recovery at the "Happiness" segment and lowered finance costs from the Group's proactive deleveraging efforts. Citi also highlights that Fosun is accelerating its "strategic advancements and exits" strategy, targeting to divest over RMB80 billion in heavy assets and non-core assets. By end of June 2025, Fosun completed the sale of all its 99.743% stake in the German private bank HAL, while retaining the asset servicing business HAFS. Citi believes that the capital recycling from asset divestments will enhance shareholders' returns and narrow the net asset value discount. The report points out that Fosun's current share price trades at a 71% discount to its net asset value. Despite its stock performance outperforming the Hang Seng Index over the past 30 days (+14% vs. +7%), its valuation still has significant room for recovery. Citi is optimistic about Fosun International's future earnings improvement and the re-rating potential brought by its deleveraging strategy, thus assigning a "Buy" rating to Fosun International. Hashtag: #Fosun #復星國際 The issuer is solely responsible for the content of this announcement. Fosun International
Malay Mail
5 days ago
- Business
- Malay Mail
Citi Renews Coverage of Fosun International with a "Buy" Rating
HONG KONG SAR - Media OutReach Newswire - 25 July 2025 - Citi issued its latest report on 23 July, announcing the renewing coverage on Fosun International ( with a "Buy" rating and a target price of has made material changes to its financial estimates on Fosun International, expecting core profit for financial year 2025 to grow by 197% year on year to RMB2.2 billion (excluding the one-off non-cash loss of RMB5.1 billion from Cainiao in financial year 2024). It also expects an 81% year-on-year profit growth in financial year 2026, primarily driven by the earnings recovery at the "Happiness" segment and lowered finance costs from the Group's proactive deleveraging also highlights that Fosun is accelerating its "strategic advancements and exits" strategy, targeting to divest over RMB80 billion in heavy assets and non-core assets. By end of June 2025, Fosun completed the sale of all its 99.743% stake in the German private bank HAL, while retaining the asset servicing business HAFS. Citi believes that the capital recycling from asset divestments will enhance shareholders' returns and narrow the net asset value report points out that Fosun's current share price trades at a 71% discount to its net asset value. Despite its stock performance outperforming the Hang Seng Index over the past 30 days (+14% vs. +7%), its valuation still has significant room for recovery. Citi is optimistic about Fosun International's future earnings improvement and the re-rating potential brought by its deleveraging strategy, thus assigning a "Buy" rating to Fosun #Fosun #復星國際 The issuer is solely responsible for the content of this announcement.
Associated Press
30-06-2025
- Business
- Associated Press
Fosun International Garners Five Awards from Corporate Governance Asia
Chen Qiyu and Xu Xiaoliang, Executive Directors and Co-CEOs of Fosun International win Asia's Best CEO from Corporate Governance Asia Fosun International receives Sustainable Asia Award 2025, Best Environmental Responsibility Award and Best Corporate Communications Award HONG KONG, June 30, 2025 /PRNewswire/ -- On 30 June 2025, Corporate Governance Asia presented the 15th Asian Excellence Award. Chen Qiyu and Xu Xiaoliang, Executive Directors and Co-CEOs of Fosun International Limited ('Fosun International', 'Fosun' or the 'Group') (HKEX stock code: 00656) were both honored Asia's Best CEO. In addition, Fosun International was awarded Sustainable Asia Award 2025, Best Environmental Responsibility Award and Best Corporate Communications Award. Corporate Governance Asia is one of the most authoritative and influential corporate governance journals in the Asia Pacific region. The award recognizes outstanding industry leaders and enterprises that excelled in financial performance, corporate governance, corporate social responsibility, environmental protection, corporate communication and investor relations over the past year. Other award recipients of the 15th Asian Excellence Award include well-known Asia Pacific companies such as Sino Land, Sun Hung Kai Properties, Bank of China (Hong Kong), China Mobile, China Telecom, China Unicom, China Communications Services, China Resources, and PetroChina, etc. Recognizing Excellence in Business Performance and ESG Practices According to Corporate Governance Asia, in 2024, in the face of the complex and volatile external environment, Fosun maintained its strategic focus on core businesses, achieved steady development, enhanced the operational capabilities of its key industries, and demonstrated strong operational resilience. Amid the complex external business environment, Mr. Chen Qiyu and Mr. Xu Xiaoliang, as the CEOs of a global large-scale private enterprise, have not only led the Group to grow its business operations, but also strengthened the management of sustainable development, proactively fulfilled corporate social responsibility, improved the Group's Environmental, Social, and Governance (ESG) performance, and leveraged the resources and advantages of Fosun's global industrial ecosystem to continuously create a better world. In recognition of these efforts, they were awarded the Asia's Best CEO accolade. Chen Qiyu, Executive Director and Co-CEO of Fosun International, said, 'We are deeply honored to receive several prestigious awards from Corporate Governance Asia, including Asia's Best CEO and the Sustainable Asia Award. These accolades recognize not only individual achievements but also reflect the collective efforts of the entire Fosun team. To advance Fosun's sustainable development, we have established a top-down and long-term ESG improvement mechanism and has included ESG management performance as an evaluation factor in the Executive Directors' performance assessment. The ESG management performance appraisal mechanism is also extended to the CEOs of the Group and the personnel in charge of each business group. Fosun International is also committed to fostering innovation. We actively drive green innovation across biopharmaceutical R&D, consumer industries, intelligent manufacturing, and green building, with the aim of building a sustainable industrial ecosystem. Looking ahead, guided by our mission of 'Contribution to Society', we will continue to strengthen our ESG system, and promote green and sustainable development through technology innovation and global resources, thereby creating greater value for society.' Xu Xiaoliang, Executive Director and Co-CEO of Fosun International, said, 'Globalization is the core of Fosun's development. Fosun has consistently leveraged global resources and combined global growth momentum with global resources, delivering more high-quality products and services to families around the world. With an increasingly sophisticated global business presence, Fosun operated responsibly across more than 35 countries and regions, actively contributing to public welfare and creating sustainable value worldwide. As a global company rooted in China, Fosun began integrating ESG principles at an early stage, reflecting values deeply embedded in the Group's DNA and corporate culture. Since its founding, Fosun has upheld its original aspiration of 'Contribution to Society', striving not only to create commercial value but also to generate broader social impact. Looking ahead, Fosun will actively respond to national strategies, implement 'dual carbon' goals, promote rural revitalization, expand impact across global communities in areas such as healthcare, educational equity, community construction, culture and art. The ultimate goal is to help more families enjoy healthier, happier, and wealthier lives.' Advancing Global Sustainable Development with Outstanding ESG Performance Corporate Governance Asia highlighted Fosun's unwavering commitment to advancing global ESG efforts. The Group has consistently strengthened its ESG framework, deepened its involvement in ESG initiatives, enhanced its climate resilience, and accelerated green development. Corporate Governance Asia highly commended Fosun's efforts in advancing ESG, noting that its initiatives not only inspire the industry but also reinforce Asia's vital role in the global journey toward carbon neutrality. The publication recognized Fosun's commitment to addressing social and environmental challenges as a benchmark for industry best practices. As a result, Fosun was honored with the Sustainable Asia Award 2025, Best Environmental Responsibility Award and Best Corporate Communications Award. These accolades not only affirm Fosun's outstanding performance in promoting global sustainable development and fulfilling corporate social responsibility, but also highlight its steadfast dedication to ESG knowledge sharing and climate advocacy. As a responsible global citizen, Fosun officially joined the United Nations Global Compact ('UN Global Compact') in 2014. It fully supports the ten principles of the UN Global Compact on human rights, labor, environment and anti-corruption, and has deeply integrated these principles into its 'Create IMPACT' sustainable development strategy and code of conduct. Over the past year, despite the global environmental, social and economic uncertainties, Fosun remained committed to sustainable development, diligently upholding its long-term commitments in key areas of sustainable development, and achieving good results. Fosun International maintained an MSCI ESG rating of AA, achieved an HSI ESG rating of AA-, ranked in the top 5% among global peers in latest S&P Global's Corporate Sustainability Assessment (CSA), was included in S&P Global's Sustainability Yearbook 2025, and was selected as the top 1% in S&P Global's Sustainability Yearbook 2025 (China Edition). Actively Responding to Climate Change and Promoting Low-carbon Transformation Fosun actively responds to the national 'dual carbon' goals by promoting carbon neutrality and energy conservation and emission reduction. In 2021, Fosun made a commitment to society – 'strive to peak carbon emissions by 2028 and achieve carbon neutrality by 2050". Fosun has formulated strategies for climate change mitigation and adaptation to align with the 1.5°C temperature control target set in the Paris Agreement. As 2024 marked the final year before Hong Kong Stock Exchange's New Climate Requirements came into effect, Fosun International proactively aligned with international standards such as the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Requirements, and released its third Climate Information Disclosures Report, enhancing the transparency of its climate actions and demonstrating its commitment to ongoing efforts in this area. The Group also actively encourages its member companies to carry out climate actions. The Bund Finance Center (BFC), the Group's base in Shanghai and a landmark in Shanghai, maintained its LEED Platinum certification, a global green building benchmark, and was included in Shanghai's first batch of carbon peaking and carbon neutrality pilot demonstration projects in 2024. In 2024, Fidelidade participated in the 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change for the second consecutive year to discuss climate change response strategies and corporate responsibilities with industry peers. During the COP29, Fidelidade launched the Impact Center for Climate Change (ICCC), a platform for the study, research and sharing of knowledge with society. The ICCC promotes knowledge production in the field of climate risks and helps the insurance industry enhance its capacity to address climate change. Leveraging Innovation to Actively Contribute to Society Fosun adheres to the innovation-driven strategy, and the anticancer and antimalarial drugs developed by its health segment have widely benefited cancer patients and severe malaria patients. Henlius' innovative drug, HANSIZHUANG (serplulimab injection), an anti-PD-1 monoclonal antibody, was approved for marketing in the European Union in early 2025. This milestone makes it the first and only PD-1 innovative drug approved for the first-line treatment of extensive-stage small cell lung cancer (ES-SCLC) in the European Union. As of the end of 2024, Fosun Pharma's independently developed artesunate for injection had saved more than 80 million severe malaria patients worldwide, with more than 400 million doses supplied globally. In the Chinese mainland, Fosun Kairos' first CAR-T cell therapy product, Yi Kai Da (ejilunsai injection), had benefited over 800 lymphoma patients as of the end of 2024. In order to better promote the fulfilment and implementation of corporate social responsibility, Fosun Foundation was established in 2012. It has been making unremitting efforts in the fields of global emergency relief, rural revitalization, health, education, culture and art, youth development, etc. to create social value. Among these initiatives, the Rural Doctors Program has supported 25,000 rural doctors and benefited 3 million rural families since its launch in 2017. Looking ahead, Fosun remains dedicated to advancing its social responsibility through innovation and responsible global operations. Guided by its 'Create IMPACT' sustainable development strategy, Fosun will intensify its efforts to build a more responsible, inclusive and sustainable future. View original content: SOURCE Fosun
Yahoo
11-06-2025
- Business
- Yahoo
Fosun International Receives the "ESG & Sustainability Award" and Two Other Prestigious Honors from Global Banking and Finance Review
HONG KONG, June 11, 2025 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656) was recently notified by the renowned British finance magazine, Global Banking and Finance Review, that it has received three awards: "ESG & Sustainability Awards – Best Sustainable Development Company Asia 2025", "CSR Awards – Best CSR Company Asia 2025", and "Brand of the Year Awards – Holding Group Brand of the Year Asia 2025". These accolades underscore the market's recognition of Fosun's exceptional performance in ESG strategy, corporate governance, social responsibility, environmental protection, information disclosure, and stakeholder engagement. Honoring Companies for Excellence in Business Performance and Sustainable Development Global Banking and Finance Review highlighted that, after more than 30 years of development, Fosun has evolved into a global innovation-driven consumer group. As a global large-scale private enterprise, Fosun has pursued a core business-focused strategy, embraced innovation, and advanced its globalization efforts, leading to steady business growth. While enhancing its operations, Fosun has also strengthened its sustainable development management, actively fulfilling corporate social responsibility, improving ESG performance, and leveraging the resources and advantages of its global industrial ecosystem to contribute to a better world. In recognition of these efforts, the magazine honored Fosun International with three prestigious awards in ESG and sustainability, corporate social responsibility, and branding. These accolades not only acknowledge the growth potential of Fosun's core industries but also reaffirm the Company's dedication to advancing ESG-driven sustainable development. Fosun's Sustainable Development Strategy: "Create IMPACT" Looking back on the past, Fosun has always paid attention to the reform and development of the global policies in the field of sustainable development. It has established a comprehensive ESG management system, integrated ESG management requirements into business management over the years, actively responded to national and global strategies in relation to sustainable development, ensured information security, promoted technology innovation, implemented "dual carbon" goals, protected the rights and interests of employees to promote sustainable management and value creation. Last year, Fosun formulated its sustainable development strategy: "Create IMPACT", which outlines its six key long-term directions: I: Innovation-driven, M: Mindful Operation, P: People and Partner Oriented, A: Advanced Governance, C: Climate and Planet Positive and T: Transparency. Advancing Global Sustainable Development with Outstanding ESG Performance Fosun remains committed to its core businesses. By leveraging its increasingly sophisticated global business presence, it has operated responsibly across more than 35 countries and regions, actively contributing to public welfare and creating sustainable value worldwide. Fosun has long been dedicated to philanthropy projects in areas such as rural revitalization, healthcare, educational equity, community construction, culture and art, significantly expanding its impact across global communities and striving to build a more responsible, inclusive and sustainable future. As a responsible global citizen, Fosun officially joined the United Nations Global Compact ("UN Global Compact") in 2014. It fully supports the ten principles of the UN Global Compact on human rights, labor, environment and anti-corruption, and has deeply integrated these principles into its "Create IMPACT" sustainable development strategy and code of conduct. Over the past year, despite the global environmental, social and economic uncertainties, Fosun remained committed to sustainable development, diligently upholding its long-term commitments in key areas of sustainable development, and achieving good results. Fosun International maintained an MSCI ESG rating of AA, achieved an HSI ESG rating of AA-, ranked in the top 5% among global peers in latest S&P Global's Corporate Sustainability Assessment (CSA), was included in S&P Global's Sustainability Yearbook 2025, and was selected as the top 1% in S&P Global's Sustainability Yearbook 2025 (China Edition). Fosun for Good: Giving Back to Society In order to better promote the fulfillment and implementation of corporate social responsibility, Fosun Foundation was established in 2012. It has been making unremitting efforts in the fields of global emergency relief, rural revitalization, healthcare, youth entrepreneurship, education, community development and culture & art, etc. to create social value. Among these initiatives, the Rural Doctors Program has supported 25,000 rural doctors and benefited 3 million rural families since its launch in 2017. Moreover, the "Rural Doctors Program Empowering Rural Medical Services" was included in the "20 Cases of Private Sector's Sustainable Development in China for 20 Years" Report of the UN Global Compact. Fosun adheres to the innovation-driven strategy and actively facilitates its businesses to achieve innovative results so as to make greater contributions to society. Thanks to the long-term accumulated technology innovation capabilities, Fosun has continued to realize the "world's first" and "China's first" achievements. Henlius' innovative drug, HANSIZHUANG (serplulimab injection), an anti-PD-1 monoclonal antibody, was approved for marketing in the European Union in early 2025. This milestone makes it the first and only PD-1 innovative drug approved for the first-line treatment of extensive-stage small cell lung cancer (ES-SCLC) in the European Union. As of the end of 2024, Fosun Pharma's independently developed artesunate for injection had saved more than 80 million severe malaria patients worldwide, with more than 400 million doses supplied globally. Regarding youth entrepreneurship and development, under the principle of "Innovation and People-oriented Development", Fosun Foundation, in collaboration with Fidelidade and Portugal's healthcare group Luz Saúde, launched the sustainable innovation project "Protechting Open Innovation Program" in early 2016. Since 2018, Protechting has incubated 40 pilot projects and led to 5 commercial collaborations. On 9 April 2025, the 7th Protechting Open Innovation Program took place in Lisbon, the capital of Portugal, where the top four finalists were announced. In May 2025, these four teams visited Shanghai, Macau, Shenzhen, and Hong Kong for exchanges and roadshows, while also seeking potential business collaboration opportunities. Over the past seven years, Protechting has expanded from Portugal to Europe and now to China and beyond, becoming an international platform for technology innovation exchange that connects young people from different cultures and continents. Looking ahead, Fosun remains dedicated to advancing its social responsibility through innovation and responsible global operations. Guided by its "Create IMPACT" sustainable development strategy, Fosun will intensify its efforts to build a more responsible, inclusive and sustainable future. View original content: SOURCE Fosun
