Guo Guangchang: Fosun Achieves Stable Operations, Aiming for RMB10 Billion in Future Industrial Operation Profit

HONG KONG AND SHANGHAI, April 1, 2025 /PRNewswire/ -- On 1 April 2025, Fosun International Limited (HKEX stock code: 00656, "Fosun International"), together with its subsidiaries ("Fosun" or the "Group") held its 2024 annual results presentation in Shanghai. Addressing investors' concerns about profitability, Guo Guangchang, Chairman of Fosun International, responded that the financial adjustment in 2024 is not due to Fosun's poor operations or decline in market competitiveness, but rather a one-off carrying value adjustment. Nonetheless, Fosun's operations remain stable and its core businesses are under healthy development.

He stated that, excluding the carrying value adjustment of the Cainiao investment, Fosun's industrial operation profits and operating cash flows stay healthy and stable. Management must nevertheless remain committed and work diligently to maintain the Company's steady development in the future.

Guo Guangchang said that, in 2024, Fosun had been advancing the business streamlining strategy and pursuing "strategic advancements and exits, and balanced investment and divestment". During the year, Fosun promoted the privatization of Fosun Tourism Group and Henlius. While it is unfortunate that minority shareholders voted against the privatization of Henlius, he expressed gratitude to them, as their decision reflects their confidence in Henlius.

"Henlius is one of Fosun's most promising companies with the greatest potential, and we are optimistic about its potential to achieve product sales of USD10 billion in the future. It represents ...

https://www.benzinga.com/pressreleases/25/04/n44581054/guo-guangchang-fosun-achieves-stable-operations-aiming-for-rmb10-billion-in-future-industrial-oper