Fosun International Limited

Infobox Company
company_name = Fosun International
复星国际
company_
company_type = Privately held company
genre =
foundation = 1992
founder = Mr. Guo Guangchang
location_city = flagicon|China Shanghai
location_country = China
location =
origins =
key_people = Chairman and CEO: Mr. Guo Guangchang
area_served = People's Republic of China
industry = Conglomerate
products =
services =
revenue =
operating_income =
net_income =
num_employees =
divisions =
subsid =
owner =
company_slogan = 汇聚成长力量
homepage = [http://www.fosun-international.com/en/index/ Fosun International Limited]

Fosun International Limited (Traditional Chinese:復星國際有限公司, Simplified Chinese:复星国际有限公司) (hkex|656), shortly Fosun or Fosun International, is the largest private-owned conglomerate in Mainland China [ [http://www.fosun-international.com/en/company/ Fosun International Limited Background] ] , headquartered in Shanghai but incorporated in Hong Kong. It has another name of "Shanghai's Hutchison Whampoa" (上海和黃).

History

Fosun Group was founded by four university graduates from the Fudan University in 1994, and they are Guo Guangchang (郭广昌), Liang Xinjun (梁信军), Wang Qunbin (汪群斌) and Fan Wei (范伟). In 2004, its parent company, Fosun International, was established in Hong Kong. Fosun International was listed in Hong Kong in 2007. [ [http://mnc.people.com.cn/BIG5/54849/59580/6109064.html 復星郭廣昌重歸"保守"] ]

The chairman and chief executive officer of the company is Mr. Guo Guangchang.

Businesses

Fosun's businesses cover steel, property, pharmaceutical, retailing, financial service and strategic investments with many subsidiary companies in each business.

Steel Business
* Nanjing Steel United
* Jianlong Group
* Ningbo Iron and Steel Company
* Hainan Mining United

Property Business
* Forte Land

Pharmaceutical Business
* Fosun Pharmaceutical
* Sinopharm Medicine Holding

Retailing Business
* Yuyuan Tourist Mart

Financial service and strategic investments Business
* Tebon Securities
* Zhaojin Mining

Listed in Hong Kong

Fosun was listed in the Hong Kong Stock Exchange in 16 July 2007 and it invited totally 11 entrepreneurs and enterprises as its strategic investors, including:

* Cheung Kong Holdings's Li Ka Shing
* Henderson Land's Lee Shau Kee
* Sun Hung Kai Properties's Kwok's Brothers
* Chinese Estates Group's Joseph Lau
* Dickson Poon's Family
* Kerry Holdings' Robert Kuok
* Pacific Insurance
* China Life Insurance
* American International Group (AIG)
* Government of Singapore Investment Corporation (GIC)
* First State Investments

Another entrepreneurs, such as Chinachem Group, Bank of East Asia and Wharf Holdings' Peter Woo also took part in buying Fosun's IPO stocks. [ [http://hk.biz.yahoo.com/070626/239/2a9su.html 復星獲長實及李兆基等１１個投資者入股] ]

Results

On 17 September 2007, Fosun International announced the net profit was 826.6 million Renminbi in the first half of 2007, an increase of 98.9% as compared with the corresponding period last year. [ [http://main.ednews.hk/listedco/listconews/sehk/20070917/LTN20070917391.pdf Fosun International Limited 2007 INTERIM RESULTS ANNOUNCEMENT] ]

Company Links

* [http://www.fosun-international.com/ Fosun International Limited]
* [http://www.njsteel.com.cn/ Nanjing Steel United]
* [http://www.ejianlong.com/ Jianlong Group]
* [http://www.ningbosteel.com/ Ningbo Iron and Steel]
* [http://www.forte.com.cn/ Forte Land]
* [http://www.fosun.com.cn/ Fosun Pharmaceutical]
* [http://www.sinopharmholding.com/ Sinopharm Medicine Holding]
* [http://www.yuyuantm.com.cn/ Yuyuan Tourist Mart]
* [http://www.tebon.com.cn/ Tebon Securities]
* [http://www.gold-zhaoyuan.cn/ Zhaojin Gold]

References