Driven by the joint efforts of the four sectors of “health, happiness, abundance and smart manufacturing”, Fosun international handed over a commendable 2021 report card. In 2021, the company achieved a total operating revenue of 161.29 billion yuan, a year-on-year increase of 18%; The net profit attributable to the shareholders of the parent company reached 10.09 billion yuan, a year-on-year increase of 26%; The industrial operating profit reached 10.59 billion yuan, a year-on-year increase of 30%. Fosun international revealed that the 10-year compound growth rate of the company’s total revenue reached 11%, the 10-year compound growth rate of the net profit attributable to the shareholders of the parent company reached 11%, and the 10-year compound growth rate of industrial operation profit reached 11%, showing a sustainable trend of accumulation and thin development.
The four core business segments have kept pace with each other, growing across the board, helping Fosun international make new achievements in 2021. During the reporting period, the revenue of the company’s health sector was 43.98 billion yuan, a year-on-year increase of 27.1%. Pharmaceutical products, devices and diagnostics, health services and consumption are developing in a coordinated manner and moving forward steadily. Among them, Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) annual operating revenue was 38.86 billion yuan, an increase of 28.8% year-on-year, and the net profit attributable to shareholders of the parent company was 4.74 billion yuan, an increase of 29.3% year-on-year. The revenue of new and secondary new products accounts for more than 25% of the revenue of pharmaceutical business. The sales revenue of HLX01 rituximab (hanlikang), the first biological analogue drug approved for listing in China, was 1.69 billion yuan, benefiting more than 100000 patients and families in three years of listing.
The happy sector continued to deepen industrial operation, and achieved an income of 66.9 billion yuan during the reporting period, with a year-on-year increase of 19.4%. The Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) jewelry fashion business of the company maintained strong growth, with a net opening of 602 stores throughout the year and a total number of 3981 stores at the end of the year. The company successfully innovated and incubated the diamond brand lucant cultivated in the laboratory, and the annual sales of ancient rhyme gold, a popular product of Laomiao, was nearly 4 billion yuan. Fosun’s tourism operation indicators improved significantly, with a total annual revenue of 9.26 billion yuan, a significant year-on-year increase of 31.2%. In terms of investment, Fulang Group acquired Sergio Rossi, an Italian luxury footwear brand, to further improve the strategic brand matrix.
The affluent sector continued to improve capital efficiency and return. During the reporting period, the total revenue of the sector was 43.7 billion yuan, a year-on-year increase of 2.8%, and the net profit was 5.16 billion yuan, a year-on-year increase of 13.5%. Among them, the income from insurance assets was 32.15 billion yuan, a year-on-year increase of 7.7%. The total premium income of Fosun Portugal insurance was 4.91 billion euros, a year-on-year increase of 38%. In terms of investment, H & a successfully acquired Bankhaus Lampe, a private bank with a history of nearly 170 years, and changed its name to Hal. It is committed to developing into the top three private banks in Germany.
The smart manufacturing sector also performed strongly, with a total revenue of 7.74 billion yuan in 2021, a year-on-year increase of 56.3%. While deepening the industrial operation, the sector also continues to improve the industrial ecology through high-quality investment Nanjing Iron & Steel Co.Ltd(600282) through the cycle, actively make efforts Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) , and invest in the construction of coke production capacity projects with an annual output of 2.6 million tons and 3.9 million tons in Indonesia; Industrial extension to the field of new materials and substantial progress in the acquisition of Zhejiang Wansheng Co.Ltd(603010) has been made.
Guo Guangchang, chairman of Fosun international, said: “we have always believed that no matter how the external situation changes, people’s desire and pursuit for a happy life will not change. The significance of the existence of enterprises is to bring more warmth and love to this society. The more volatile the market is and the more complex the challenges are, the more important Fosun’s adherence to strategy will be. It is these adherence that have created today’s unique Fosun.”
