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FOSUN INTERNATIONAL LIMITED

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Delayed Hong Kong Stock Exchange  -  03:38:27 2023-05-30 am EDT
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Fosun International : Fosun will increase investment in Hainan

05/19/2012 | 02:21am EDT
Fosun will increase investment in Hainan 2012-05-19

(18 May 2012 - Haikou, China )  "To better serve its 'green rise' and the project of International Travelling Island, Fosun's going to increase the investment in Hainan", said Guo Guangchang, the chairman of Fosun Group, on today's CIFIC of China's outstanding non-state-owned companies.  During the interview for Guo and other prominent entrepreneurs of China, Luo Baoming, the party secretary for Hainan province declared that the provincial government would like to support more outstanding non-state-owned companies to participate in this province's "scientific development" and "green rise" strategies.
   "Changing with each passing day" were the five words which Guo used to describe the transforming of Hainan, "When I first came here in Hainan, 1988, there was only one traffic light in Haikou city. But today, this place has become a world-famous island tourist destination".  Guo said that Fosun had invested in industries including Mining, IT, Pharma, etc. "We will launch new investments around the project of Hainan International Travelling Island in the near future".
   Guo also said that nowadays Hainan's tourism sector has developed to a sizable scale. However it's also in a structural adjustment phase from the quantitative to qualitative changes. As for hotel industry, while there is an abundance of hotels targeted to business travellers in Hainan industry, distinctive resorts, especially those with international awareness still face the issue of structural adjustment. It can add international tourists enormously if we introduce some distinctive resorts which have international reputation. This would be of great value for propelling Hainan's tourist structure and balancing the tourism consumption between pick season and off season.

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Financials
Sales 2023 193 B 27 226 M 27 226 M
Net income 2023 10 001 M 1 414 M 1 414 M
Net Debt 2023 137 B 19 435 M 19 435 M
P/E ratio 2023 3,77x
Yield 2023 6,04%
Capitalization 37 558 M 5 309 M 5 309 M
EV / Sales 2023 0,91x
EV / Sales 2024 0,84x
Nbr of Employees 108 000
Free-Float 26,3%
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Number of Analysts 7
Last Close Price 4,57 CNY
Average target price 7,77 CNY
Spread / Average Target 70,0%
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Managers and Directors
Qi Yu Chen Co-Chief Executive Officer & Executive Director
Xiao Liang Xu Co-Chief Executive Officer & Executive Director
Dong Hui Pan Executive President, Executive Director & Co-CHO
Ping Gong Chief Financial Officer & Executive Director
Guang Chang Guo Co-Chairman
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