Fosun International reports profitable healthcare expansion achievements
- Fosun International has streamlined operations while divesting non-core and heavy assets.
- The company introduced the ULTRAMED Hainan project, enhancing its tourism and culture business.
- Fosun achieved profitability in its healthcare subsidiary for the first time, ensuring future growth and value for shareholders.
In Hong Kong on March 30, 2025, Guo Guangchang, Chairman of Fosun International Limited, shared a letter to shareholders detailing the company's strategies and achievements for the past year. Fosun has focused on a core business strategy that involves divesting non-core assets and advancing essential operations to aid in sustainable growth. This strategy has resulted in a notable shift in their business model, leading to a significant increase in their global insurance business, particularly Fosun Insurance Portugal, which expanded its international dealings markedly since 2014. Additionally, this focus on core operations has brought forth substantial advancements in the tourism and culture sector, such as the launched ULTRAMED Hainan project, introducing world-class facilities aimed at creating a unique AI-themed resort experience. Efforts in the resources and energy sector have also yielded promising initiatives, including Hainan Mining's international efforts focusing on strategic resources. The company's significant investment in technological innovation reached approximately RMB6.9 billion in 2024, further strengthening Fosun's market position. A key element of their strategic approach has been to integrate artificial intelligence technology throughout various business scenarios rather than developing it independently. The successful implementation of the “healthcare + insurance” ecosystem model has led to a strong sales performance, selling 14,000 community healthcare policies with total premiums of RMB12.85 billion. This results in the achievement of profitability for Fosun Care for the first time. Through these strategic advancements, Fosun International not only aims to enhance its capital structure but also to create stable long-term value for its shareholders, showcasing a commitment to progress through a prudent financial management strategy. The firm expressed intentions to continue contributing positively to global sustainable development in the future, as evidenced by ongoing Environmental, Social, and Governance (ESG) initiatives.