Corporate Materials2015first

BECOMING A WORLD-CLASS INVESTMENT GROUP
UNDERPINNED BY THE TWIN DRIVERS
of“insurance-oriented comprehensive financial capability”&
“global industrial integration capability taking roots in China”
Fosun Business Building,
31st Floor, No. 237
Room 808, ICBC Tower,
44th Floor, 28 Liberty (formerly
No.2 East Fuxing Road,
North Chaoyang Road, Chaoyang District
3 Garden Road,
One Chase Manhattan Plaza),
Shanghai, China
Beijing, China
Central, Hong Kong
New York, NY, 10005, USA
Tel: +86 21 2315 6666
Tel: +86 10 5915 2299
Tel: +852 2509 3228
Tel: +1 646 490 9830
Fax: +86 21 6130 3288
Fax: +86 10 5915 2174
Fax: +852 2509 9028
Post Code: 200010
Post Code: 100020
Fosun Group (May 2015)
CONTENTS
02
10
16
26
32
36
Fosun’s
Overview
Opportunities
& Strategies
Fosun’s
Vision
Fosun’s
Team
Fosun’s
Business Overview
Fosun’s
Pursuit
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
ABOUT FOSUN
Fosun was founded in 1992 in Shanghai. Fosun International (00656.HK) was listed on
the Main Board of the Hong Kong Stock Exchange on July 16, 2007.
Fosun has been persistently taking roots in China and investing in China’s growth
fundamentals. It has been actively implementing its investment model of “Combining
China’s Growth Momentum with Global Resources” . Fosun is dedicated to making a
major stride towards becoming a world-class investment group underpinned by the
twin drivers of “insurance-oriented comprehensive financial capability” and “global
industrial integration capability taking roots in China” . Today, Fosun’ s businesses
include two major segments, integrated finance and industrial operations.
In practice, Fosun unremittingly builds up its capabilities in identifying and capturing
investment opportunities in China, improving the management and enhancing value of
the investees, and establishing a multi-channel financing system to access quality
capital. With a value chain based on these three core competencies and a group of
entrepreneurs endorsing Fosun’s corporate culture, a solid foundation has been laid for
the continuous rapid growth of Fosun.
While pursuing economic development, Fosun also shares the fruitful results of
development with its staff, partners and the community, taking the initiative to
contribute to the society in return. Meanwhile, Fosun also actively contributes its efforts
to improve the business and natural environments of China so as to support the
rejuvenation of the Chinese economy and culture.
FOSUN’S
OVERVIEW
Fosun has been persistently taking roots in China and actively implementing its investment model of
“Combining China’ s Growth Momentum with Global Resources” , making a major stride towards becoming a
world-class investment group underpinned by the twin drivers of “insurance-oriented comprehensive financial
capability” and “global industrial integration capability taking roots in China”.
02/03
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
2015
MILESTONES
Fosun was founded in 1992 by four Fudan University graduates. Since its establishment, Fosun has
2013
always been adhering to its cultural values of “Self-improvement, Teamwork, Performance, and
Contribution to Society” , with its motto of “Together, We Make a Difference” , Fosun achieved rapid
development by capitalizing on the high-growth sectors that benefit from China’ s economic development
and investing in the fast-growing industries in different stages.
Ironshore * , MIG *
Thomas Cook
Club Med
Cirque du Soleil *
Zhejiang Internet Commerce Bank
received approval of operation
St. John , Alma Lasers
Saladax , Caruso
Atlantis Resort in Sanya
28 Liberty in New York
Lloyds Chambers in London
In the course of pursuing commercial value, Fosun also actively contributes its efforts to improve the
business and natural environments of China so as to support the rejuvenation of the Chinese economy
and culture, making efforts to become a responsible corporate citizen while committing itself to
undertaking social responsibilities.
Becoming a world-class investment group underpinned by the twin drivers of
“insurance-oriented comprehensive financial capability” and “global industrial
integration capability taking roots in China”
2011
Folli Follie
2014
Fidelidade
Secret Recipe , REN
Osborne , Studio 8
Tom Tailor , ROC Oil
IDERA , Luz Saúde
BHF Kleinwort Benson Group SA
Hainan Mining IPO
2012
Pramerica Fosun Life Insurance
Peak Reinsurance
2008
Focus Media
2010
Club Med
2007
Yong’an P&C Insurance
Hainan Mining
2003
1992
Fudan university graduates
founded Fosun with an initial
investment of USD4,000
Nanjing Iron & Steel
1998
Fosun Pharma listed in the
domestic A share market
1994
Founded Fosun
Pharma and Forte
2002
2004
Zhaojin Mining
Yuyuan
Notes: The above-mentioned companies/projects include investments made by Fosun and funds under its management.
Currently under approval by regulatory authorities.
04/05
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
GUO Guangchang
Opportunities & Strategies
Fosun’s Team
LIANG Xinjun
Fosun’s Pursuit
WANG Qunbin
FAN Wei
DING Guoqi
WU Ping
QIN Xuetang
SEASONED LEADERSHIP TEAM
GUO Guangchang
LIANG Xinjun
WANG Qunbin
FAN Wei
WU Ping
Executive Director and Chairman of Fosun. Mr. Guo is
also Chairman of Fidelidade, Multicare and Cares, Vice
Chairman of Nanjing Nangang, a Director of Forte, Peak
Reinsurance and Club Med and a Non-executive
Director of Fosun Pharma and Minsheng Bank. Mr. Guo
is also a Member of the 12th National Committee of the
Chinese People’s Political Consultative Conference, a
Member of the 11th Standing Committee of All-China
Federation of Industry & Commerce and All-China Youth
Federation, Chairman of The Zhejiang Chamber of
Commerce in Shanghai. Mr. Guo received a bachelor’s
degree in philosophy in 1989 and a master’s degree in
business administration in 1999, both from Fudan
University.
Executive Director, Vice Chairman and CEO of Fosun.
Mr. Liang is also a Non-executive Director and Vice
Chairman of Zhaojin Mining. Mr. Liang is a Member of
the 12th Shanghai Committee of the Chinese People’s
Political Consultative Conference, Vice Chairman of the
China Young Entrepreneurs Association, Chairman of
the Shanghai Fudan University Alumni Association,
Chairman of the Taizhou Chamber of Commerce in
Shanghai, a Member of China Industrial and Commerce
Council and Management Committee of Asia-Pacific
Economic Cooperation (APEC). Mr. Liang graduated
from Fudan University with a BS in genetic engineering
in 1991. He then obtained an MBA degree from Cheung
Kong Graduate School of Business in 2007.
Executive Director and President of Fosun. Mr. Wang
graduated from Fudan University in 1991 with a BS in
genetic engineering. Mr. Wang is also a Director of
Fidelidade, Multicare, Cares, Nanjing Nangang, Henan
Lingrui Pharmaceutical, Yuyuan and Forte, Chairman of
Peak Reinsurance, a Non-executive Director of ROC oil,
Sinopharm and Fosun Pharma.
Non-executive Director of Fosun. Mr. Fan has long been responsible for the operation and
management of property business of Fosun Group. He was Co-President of Fosun. Mr.
Fan graduated from Fudan University in 1991 with a BS in genetic engineering.
Executive Director and Senior Vice President of Fosun. Mr. Wu joined Fosun Group in
1995. Currently, he assists in managing investment and financing affairs of the Company.
Mr. Wu possesses extensive experiences in retailing, commercial property, brand
management and so forth. Mr. Wu served as Chairman of Yuyuan, a renowned cultural
tourism enterprise in Shanghai, for a long period of time. Mr. Wu is now the Director of
Bailian (Group) Co., Ltd. Mr. Wu was named one of “The Best-Performing CEOs in the
World” by Harvard Business Review.
Mr. Guo was awarded “Outstanding Chinese Private
Entrepreneur” , “Top Ten Leaders in Future Economy of
China” , “CCTV People of Financial Year 2004” ,
“Awardee for Directors of the Year Awards 2010” by The
Hong Kong Institute of Directors, “Outstanding Zhejiang
Entrepreneur Award” at “The First World Zhejiang
Entrepreneurs Convention” , as well as other accolades,
and he was named in Bloomberg Markets “50 Most
Influential List 2014 - Corporate Power Broker” and a
famous American business magazine Fast Company
(Chinese edition) “China 100 Most Creative People in
Business 2014”.
Mr. Liang has long been studying China’ s economic
reform and development, and is often being invited as a
guest speaker at various economic forums. He was
awarded the “Top Ten Financial Industry Leaders in
Shanghai” , “Top Ten China Private Equity Investor” ,
“Chinese Business Leader of the Year” of the 7th
session of Horasis Global China Business Meeting,
“Top Ten Outstanding Youth of Shanghai” , “Bauhinia
Cup Outstanding Entrepreneur Award” , “Awardee for
Directors of the Year Awards 2013” , “Asia’s Best CEO”
issued by Corporate Governance Asia in 2014 and
“2014 Achievement Awards — Capital Markets Person
of the Year” issued by FinanceAsia as well as other
accolades.
Mr. Wang has extensive and practical experiences in
enterprise management. Mr. Wang was awarded “Asia
Pacific Outstanding Entrepreneur Awards” by Enterprise
Asia in 2014, and was named “Best Asian Corporate
Director” at the Best of Asia 2014 by Corporate
Governance Asia. In addition, Mr. Wang was named “the
Young Global Leader” by the Davos World Economic
Forum in 2009, “the Technology Innovation Prize of
China Outstanding Youth” as well as other accolades,
and was accredited “Outstanding Technical Experts
Allowance by State Council” in 2007. Mr. Wang is
currently Chairman of the Huzhou Chamber of
Commerce in Shanghai, Vice Chairman of China
Chamber of International Commerce and Honorary
Chairman of the Shanghai BioPharmaceutics Industry
Association.
Mr. Fan has a profound understanding of the development and market opportunities of
China’s property market. He is currently Vice Council Chairman of the Institute of Real
Estate Shanghai Academy of Social Sciences. He was Vice Chairman of the Shanghai
Real Estate Trade Association and Chairman of the Housing Industry Association of
Shanghai Federation of Industry and Commerce. He was awarded “Top 100 Property
Entrepreneur in China ” , “Outstanding Young Entrepreneur of Shanghai in Property
Sector” as well as other accolades.
DING Guoqi
QIN Xuetang
Executive Director, Senior Vice President and CFO of Fosun. Mr. Ding has been
responsible for the financial management of the company since he joined Fosun Group in
1995, and possesses extensive experiences in the capital market and fund management
fields. He was named “Asia’s Best CFO” by Corporate Governance Asia. Mr. Ding is also a
Director of Fidelidade, Multicare, Cares，Forte and Shanghai Ganglian. Mr. Ding received
a bachelor degree in accounting from Shanghai University of Finance and Economics in
1991. Prior to joining Fosun Group, Mr. Ding worked in the accounting department of
Shanghai Jinshan Petrochemical Construction Company.
Executive Director and Senior Vice President of Fosun. Mr.Qin is also a supervisor of
Forte. Since joining Fosun Group in 1995, Mr. Qin has been overseeing the legal matters
of the Company, possessing in-depth knowledge in the operation procedures of the
regulatory authorities as well as the capital market rules and regulations in China. In
particular, he possesses extensive experiences in corporate governance in the A share
market. Mr. Qin is mainly responsible for the Company’s legal, audit, risk control and
information disclosure matters. Mr. Qin received a bachelor degree in Law in 1985 from
the Southwestern University of Political Science and Law and was admitted to practice
law in the PRC in 1990. Prior to joining Fosun Group, Mr. Qin worked in the Law
Department of Fudan University.
06/07
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
FAST GROWING FOSUN
2014 FINANCIAL OVERVIEW
Since its establishment, Fosun has been growing at a rapid pace to become an investment group with total assets exceeding
RMB300 billion, from an entrepreneurial start-up founded by university students with an initial capital of RMB38,000 in 1992.
In 2014, Fosun’s revenue amounted to RMB61.738 billion and profit attributable to owners of the parent increased by 24.2%
year-on-year to RMB6.854 billion.
As at December 31, 2014, Fosun International’s market capitalization was HKD70.33 billion / RMB55.48 billion.
December 31, 2014
December 31, 2013
YOY Change
Revenue
61,738.4
51,016.9
21.0%
Gross profit
14,615.8
10,358.4
41.1%
Other income and gains
13,789.4
8,853.4
55.8%
Net profit attributable to
owners of the parent
6,853.9
5,518.9
24.2%
RMB million
RMB billion
90.00
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
2004
2005
2006
BV
2007
2008
10-year CAGR = 42.2%
2009
2010
（Note）
Adjusted BV
2011
2012
2013
10-year CAGR = 25.5%
RMB billion
December 31, 2014
December 31, 2013
Book value (BV)
49.41
39.63
24.68%
89.22
53.49
66.80%
Adjusted book value (Adjusted BV)
YOY change
2014
RMB
December 31, 2014
December 31, 2013
Share price
8.01 (HKD10.16)
6.05 (HKD7.7)
Net book value per share
7.34
6.17
Adjusted BV（1）per share
12.89
8.33
Basic earnings per share
1.02
0.86
Diluted earnings per share
0.99
0.86
PE（2）
7.86
7.03
PB（2）
1.12
0.94
Dividend yield（2）
1.67%
1.95%
Notes: 1.Adjusted BV = Attributable market value of listed investments in the Group + net assets attributable to owners of unlisted subsidiaries and associates in
Note: Adjusted BV = Attributable market value of listed investments in the Group + net assets attributable to owners of unlisted subsidiaries and associates in
the Group + costs of other investments in the Group – net debt in the Group
the Group + costs of other investments in the Group - net debt in the Group
2.PE, PB and dividend yield are calculated based on closing price as at the end of reporting period
08/09
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
“INSURANCE + INVESTMENT”MODEL
ACHIEVED UPRISING SUCCESS
In 2014, Fosun’s “Insurance + Investment” model achieved uprising success. Its implementation of the Buffett model
achieved significant impact. With the “insurance + investment” twin-driver core strategy, Fosun has accomplished major
improvements on both the financing-end and investment-end as well as the optimization of the overall asset structure.
Currently, the scale of Fosun’s insurance float surpassed RMB100 billion. Benefiting from the contribution of a large
scale of insurance float, ROIC-WACC (after adjustment) (Note1) and capital employed (after adjustment) continued to
widen, economic value added ( “EVA” ) of investible assets continued to enlarge and it is expected to become a critical
growth engine for Fosun in the future.
In 2014, Fosun’s attributable investible assets generated from the insurance segment reached RMB79.809 billion in
2014, up 1,355.6% year-on-year. Thus, the capital employed (after adjustment) was increased to RMB214.703 billion,
up 57.2% year-on-year. Meanwhile, the ROIC-WACC (after adjustment) reached 2.2% in 2014, up 0.6 percentage point
year-on-year. In the future, as insurance assets eligible for consolidation for the year expands, the ROIC-WACC (after
adjustment) and capital employed (after adjustment) is expected to continue to increase, so EVA generation is also
expected to expand.
Long-term
Capital
Low Cost
Capital
China’s Growth
Momentum
+
Global
Resources
Insurance
Investment
Stable
Capital
Industrial
Integration
Ecosystem
Insurance Segment Indicators
FOSUN’S
VISION
Fosun is making a major stride towards becoming a world-class investment group
underpinned by the twin drivers of “insurance-oriented comprehensive financial
capability” and “global industrial integration capability taking roots in China”.
RMB million
Attributable premium income
Profit attributable to
owners of the parent
Attributable capital employed
2014
27,877
1,149
79,809
Change
+1270%
+119%
+1356%
EVA= (ROIC – WACC) × Capital Employed
RMB million
ROIC-WACC
Adjusted capital employed
Net debt / Equity to shareholder
2013
1.6%
136,581
86.0%
2014
2.2%
214,703
73.3%
Change
+0.6pp
+57.2%
-12.7pp
Structure of Capital Employed
Float（Note2）
Total debt
Equity attributable to owners of the parent
250,000
49，408
200,000
150,000
100,000
50,000
0
RMB million
39,628
95，
834
69,084
13,392
106，
785
2013
2014
Notes: 1. ROIC-WACC (after adjustment) = adjusted return on invested capital (adjusted ROIC) - adjusted weighted average cost of capital (adjusted WACC)
2. This is the total float, not the attributable float.
10/11
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
1
FOCUSED ON HEALTHCARE AND
HAPPY & FASHIONABLE LIFESTYLE
2
Medical Services
Medical Devices and Diagnosis
BIOFOSUN
Fosun will adopt a more user-centric perspective, paying more attention to user experiences and needs, focusing more
on the two major needs of healthcare and happy & fashionable lifestyle that everybody likes and needs in the long-term
and forever. We will proactively and thoughtfully plan our ecosystem and put great efforts in the global industrial
integration.
The healthcare and happy & fashionable lifestyle business(Note1) achieved a revenue of RMB11.94 billion in 2014, up
20.3% year-on-year and contributed to 19.3% of the Group’s total revenue. Profit attributable to owners of the parent
reached RMB1.702 billion, up 53.6% year-on-year and contributed to 24.8% of the Group’s profit attributable to owners of
the parent. Net assets of the business reached RMB26.747 billion, up 19.5% year-on-year and contributed to 35.3% of
3
4
Pharmaceutical
Senior Care Services
the Group’s net assets.
This focus strategy can be accumulated rapidly and we see our user count grow rapidly. The vast financial market in
China has enabled many industry leading enterprises focusing on local businesses to become the world’ s top 10 in terms
of market capitalization. China’s massive consumption will become the world’s largest or second largest in middle class
lifestyle driven consumption. China’ s local industry leading enterprises in this domain will also be included in the world’s
top 10 enterprises in terms of market capitalization in the sector. Our ambition is to work hard and become the
Healthcare
industry-leading enterprise in the healthcare and happy & fashionable lifestyle industries and the leading enterprise in
these two industries with our capabilities in deep integration globally.
Rapidly growth in Healthcare and Happy & Fashionable（Note1）Lifestyle Business
Total Assets
An increase of 29%
Net Assets
An increase of 20%
2014
Income
An increase of 20%
2013 RMB billion
Profit Attributable to
Owners of the Parent
An increase of 54%
44.7
26.7
11.9
1.7
34.5
22.4
9.9
1.1
Happy and (Note1)
Fashionable(注)
Lifestyle
1
Happy & Fashionable Lifestyle
2
Healthy Dining
Investments in “Healthcare and Happy & Fashionable Lifestyle” business from the beginning of
2014 to end-March 2015
Local Projects（Note2）
(Star Castle Phase II)
Overseas Projects（Note2）
3
4
Healthy Finance
.
Healthy Environment
Guangxi Nanning Waterworks Co.,Ltd.
Notes: 1.Fashionable Lifestyle business is categorized as investment and insurance subsegments under integrated finance segment in “operating segment information” in note 5 of the
financial statements of 2014 Annual Report. The Happy & Fashionable Lifestyle business stated in above chart is an operation concept by the Management.
2.The above-mentioned companies/projects include investments made by Fosun and funds under its management.
12/13
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
INTEGRATED FINANCE , HEALTHCARE AND
HAPPY & FASHIONABLE LIFESTYLE BUSSINESSES
HAVE TAKEN OVER THE DOMINANT POSITION
Integrated finance business, together with healthcare and happy & fashionable lifestyle businesses, achieved an revenue of
COMPLETELY INTEGRATED WITH THE INTERNET
RMB20.954 billion in 2014, up 95.1% year-on-year and contributed to 33.9% of the Group’s total revenue. Profit attributable
to the owners of the parent was RMB5.279 billion, up 73.4% and contributed to 77.0% of the Group’s profit attributable to
owners of the parent.
The Internet of Things in the future.
Contribution from Integrated Finance,
Healthcare and Happy & Fashionable Lifestyle Businesses
2013 Contribution (%) and Amount
206,817
3,045
76,946
55%
10,798
34%
28.7%
168.8%
Total Assets
Innovative Financial
Products
20,954
45%
42%
Net Assets
73.4%
Profit Attributable to
Owners of the Parent
21%
95.1%
Revenue
Integrated finance segment assets expanded rapidly
New securities
company
Hani Securities in Hong Kong
Became the major investor in the
industry and persisted in “first or
unique in the industry”
FosunLink
77%
47%
Focused on Internet and mobile Internet
Clothing
E-commerce
27,439 35,312
64%
0
O2O Insurance
Products
YOY increase
5,279
60%
20%
Unit: RMB million
2014 Contribution (%) and Amount
80%
40%
Mobile Internet (Internet + Anytime + Anywhere) is inflicting deep changes in the environment, and will connect with
New banking
companies
New insurance
companies
BHF Kleinwort Benson
Group SA
Fidelidade in Portugal,
Ironshore in Bermuda, and MIG in the US
(parent company of UK private bank Kleinwort
(currently under the approval process by relevant
Benson and BHF-Bank, one of the largest
regulatory authorities)
The number of subsidiaries and
enterprises invested by Fosun
is over 1,000. The number of
employees is approximately
500,000, and the number of
users is more than 100 million.
The abundant user resources
and company resources can
help the Group develop O2O
business.
Nanjing Nangang
Mobile
Fosun
independent private banks in Germany)
Yuyuan
Fosun recently collaborated with its subsidiary Fidelidade and invested EUR59.14 million in boosting interests in
O2O Platform: Internet
finance for commodities:
Hainan Mining / Nanjing
Nangang / ROC Oil / Yuyuan
+ Finance + Internet Trading
Platform + Logistics
Covered industries in digital
healthcare, Internet finance,
Internet tourism, online
education, Internet social
platform, etc.
Showcase projects: Perfect
World, guahao.com, Ali’s Dream
Castle and My Money, etc.
BHF Kleinwort Benson Group SA. Fosun International will hold a 28.61% indirect equity interest in BHF Kleinwort
Benson Group SA and become the largest shareholder upon approval.
The mobile Internet, with its vast user base, accessibility, connectivity with the rapidly developing Internet of the Things,
has caused everything around us to change rapidly. We firmly believe that mobile Internet will allow the Chinese market
to perform on par, if not better, than the US market at the beginning. Mobile Internet will force every traditional industry
to find an ultimate way of survival under the mobile Internet environment.
In 2014, our Internet investment team and venture capital platform continued to focus on innovations on traditional
industries brought about by mobile Internet and mobile Internet related technologies (Internet Plus), persisting in “first
or unique in the industry” as the guideline in identifying projects. Its existing investment portfolio has already covered
digital healthcare, Internet finance, Internet tourism, online education, mobile social industries, etc.
14/15
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
FOSUN’S TWO MAJOR BUSINESS SEGMENTS
Insurance
Healthcare
Happy Lifestyle
Investment
Industrial Operations
Steel
Integrated Finance
Asset Management
Property Development
and Sales
Banking and Other
Financial Business
Resources
� As at December 31, 2014, the Group total assets amounted to RMB324,832.8 million, up 77.4% from end-2013.
� As at December 31, 2014, net assets attributable to owners of the parent reached RMB49,408.4 million, up 24.7%
from end-2013.
� Profit attributable to owners of the parent for 2014 was RMB6,853.9 million, up 24.2% from 2013.
FOSUN’S
BUSINESS OVERVIEW
Currently, Fosun’s businesses include two major segments, integrated finance and industrial
operations. The twin-driver empowered by the “insurance-oriented comprehensive financial
capability” and “global industrial integration capability taking roots in China” has been much
Profit attributable to owners of parent
RMB million
Integrated Finance
Insurance
Investment
Asset
Management
Banking and Other
Financial Business
2014
1,148.7
2,055.6
276.1
96.8
2013
523.6
1,301.3
51.0
61.0
Industrial Operations
Healthcare
Happy Lifestyle
Steel
Property Development
and Sales
Resources
2014
1,064.4
473.5
280.0
2,516.6
172.2
2013
818.1
332.2
415.5
2,087.0
602.4
strengthened than ever and has established unique advantages, like all other world-class
investment groups.
16/17
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
INSURANCE BUSINESS GREW RAPIDLY
We continued to speed up our development of Yong’ an P&C Insurance, Pramerica Fosun Life Insurance and Peak Reinsurance.
CONNECTING OVERSEAS LOW-COST CAPITAL
WITH FOSUN GLOBAL INVESTING CAPABILITY
In May 2014, we completed our acquisition of 80% interest in Fosun Insurance Portugal (comprising the three insurance
companies namely Fidelidade, Multicare and Cares), the leading insurer in Portugal with a nearly 30% local market share, at a
consideration of EUR1.038 billion and at a price-to-book ratio of approximately 1.0 time. In early 2015, Fosun further increased its
equity interest in Fidelidade to 84.986%. This is one of the most important acquisitions for Fosun over the last 23 years, adding
more than EUR13 billion of new total assets to the Group, in excess of EUR12 billion of investible assets. Applying the same
strategy, since the second half of 2014, Fosun has invested in the global insurer Ironshore, which specializes in specialty
insurance, and an US P&C insurer MIG which has rich experiences in labor insurance businesses.
Enhanced Fosun Insurance Portugal's Assets Allocation
EUR million
As at December 31, 2014, the assets of insurance segment under management by Fosun exceeded RMB113.085 billion,
comprising 34.8% of the Group’s total assets. Upon completion of the Ironshore and MIG transactions, this proportion and scale
are expected to climb up further.
Insurance has become the most important segment for Fosun and has exerted a fundamental impact on the overall business
operation and profit generation for the Group. In 2014, the operating revenue from the insurance segment hit RMB7.868 billion,
up 2,742.3% year-on-year, and contributed to 12.7% of the Group’s total revenue. Profit attributable to owners of the parent
generated from the insurance segment stood at RMB1.149 billion, up 119.4% and contributed to 16.8% of the Group’s profit
attributable to owners of the parent. Fosun’ s ratio of net debt over shareholder equity declined to 73.3% in 2014 from 86.0% in
2014
2013
Change
4,185
3,633
+15.2%
190
118
+61.0%
4.76
4.7
+0.06yr
3.01%
3.15%
-0.14pp
2.44%
3.41%
-0.97pp
2.50%
0.80%
+1.7pp
12,340
11,223
+10.0%
1,471
1,278
+15.1%
14.20%
8.90%
+5.3pp
Basic Structure for Fosun Insurance Portugal’s Assets Allocation in 2014
Fixed income
investments
Equity
investment
Infrastructure and real
estate investments
2014
80%
2013
80%
Cash, cash
equivalents & other
10.2%
8.2% 3.3%
4.5% 4.9%2.1%
Built Local Investment Platform to Enhance Insurance Capital Yields
Insurance Capital Invested in Overseas Properties
Sea Fort Square Citi
Shinagawa Seaside
73 Miller Street
Price
JPY 12.4 billion
JPY 23.5 billion
AUD 116.5 million
Net rental ratio
12.00%
5.61%
7.77%
Local loan ratio
62.00%
77.00%
n.a.
Loan rates
1.30%
1.20%
n.a.
Project name
Group Center, Tokyo
Park Tower, Tokyo
Sydney, Australia
2013, and it is anticipated that it will decline stably in the future.
Fosun Insurance Portugal
80%
50%
Fosun （Note1）
Insurance Portugal
General
Insurance
85.1%
Pramerica Fosun Life
Insurance
Life Insurance
Peak Reinsurance
Re-insurance
19.9%
Yong’an
P & C lnsurance
Property &
Casualty Insurance
� Investment cost of EUR1.1 billion
100%
Ironshore（Note2）
Specialty
Insurance
� Shareholding: 84.986%
� 1 x PB
� With its strong positioning and high standards of service and a new brand launched last year, Fosun Insurance Portugal won several
100%
MIG
Labor Insurance
distinguishing awards, such as Marca Confianca 2014, Marktest Reputation Index 2014 and Premios Marketeer – Seguradora 2014,
becoming one of the most awarded insurance companies in Portugal in 2014.
Note: The capital charge ratio of Fosun Insurance Portugal in respect of its real estate investment is 25%
Notes: 1.In January 2015, Fosun International increased equity interest in Fidelidade, one of the insurance companies of Fosun Insurance Portugal, to 84.986%.
2.Fosun originally owned 20% equity interest of Ironshore. In May 2015, Fosun signed the Merger Agreement and announced its plan to further increase its
stake in Ironshore to 100%. This transaction has not been completed.
The project is currently under approval by regulatory authorities.
18/19
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
INVESTMENT BUSINESS
As at December 31, 2014, IRR of investment segment since 2000 was 25%.
Existing Project Portfolio
Profit attributable to owners of the parent for investment segment was RMB2,055.6 million in 2014
RMB million
Dividend / Disposal proceeds
Accumulated investment cost of existing projects
50,000
42，749
40,000
30,000
20,000
10,000
24，987
20，406
7，230
23，910
4，
125
0
2013
2014
Book value of existing projects
50.7%
9.1%
Strategic
Investments
PE/VC
Investment
Focus Media, Cainiao, Zhongshan
Public Utilities, 28 Liberty, Lloyds
Chambers, Shanjiaowulin, Zhaojin
Mining, Sanyuan Foods, etc.
St.John, Caruso, Guahao.com,
Scanadu, SOSGPS, My Money, Ali’s
Dream Castle, Uniquedu, etc.
9.6% LP 投资
5.6%
LP
Investment
The Group made investment through
capital contribution as a limited
partner. As at December 31, 2014, the
Group committed to contribute a total
of RMB5,511.82 million, of which
RMB4,490.61 million was actually
contributed.
25.0%
Secondary
Market Investment
F o l l i F o l l i e , P e r f e c t Wo r l d ,
CNFC Fishery, etc.
Other
Investments
／
Included investments made by Fosun and funds under its managment.
20/21
18/19
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
ASSET MANAGEMENT & ALLOCATION
24.66
BANKING & OTHER FINANCIAL BUSINESS
In 2014, Fosun acquired Hong Kong Hani Securities, invested in 2 domestic financial leasing companies, i.e. Great
41.42
RMB billion
China Finance Leasing and Hangzhou Financial Investment Leasing. Ali Small Loan, which Fosun had participated in its
establishment and operation for many years, has become a showcase model of clientele expansion driven by scalable
RMB billion
5.68
5.69
Internet financial services.
7.81
In 2014, Fosun was selected by the China Banking Regulatory Commission officially as one of the main co-founders of
the Internet commercial bank “Zhejiang Internet Commerce Banking Co., Ltd.” On May 27, 2015, Zhejiang Internet
0.61
0.62
11.5
Commerce Banking Co., Ltd. has received the approval from the Zhejiang Office of the China Banking Regulatory
7.86
19.45
Commission for operation.
In early 2015, Fosun announced that the Group has collaborated with Fidelidade and invested EUR59.14 million to
6.86
2013
Foreign Currency Property Funds
increase its interests in BHF Kleinwort Benson Group SA (which wholly owns BHF-BANK, one of the largest independent
2014
RMB PE Funds
QFLP Funds
USD PE Funds
Property Funds
The Group continuously expanded the asset management business by upholding its value investing philosophy and
“Combining China’ s Growth Momentum with Global Resources” and consistently generated long-term and stable returns
for limited partners.
The funds currently managed by the Group mainly include various RMB funds and USD funds, covering various types of
assets portfolio, such as growth funds and property development funds, i.e. Weishi Fund, Fosun Capital, Fosun
Chuanghong, Star Capital, Shanghai Sunvision Capital Management Co. Ltd, Pramerica-Fosun China Opportunity Fund,
Carlye-Fosun, Real Estate series funds of Forte and others. Meanwhile, the Group also actively expanded the size of its
managed assets through acquisitions; the Group had acquired IDERA, a Japanese real estate capital management
company in May 2014. The asset management business of the Group mainly targeted domestic and international
high-end large institutional clients and high net worth individual clients and continued to actively seek institutional
investors, large enterprises and family capital to become limited partners of the Group for long-term cooperation.
As at December 31, 2014, the scale of the asset management business of the Group reached RMB41,420.19 million, of
which RMB1,070.74 million was contributed by the Group through its commitment as a general partner and
RMB4,441.09 million was contributed by the Group through its commitment as a limited partner. The management fee
derived from the asset management business amounted to RMB464.26 million. In addition, in 2014, the asset
management business of the Group invested in 15 new projects, and increased investments in 4 existing projects, with
an accumulated investment of RMB9,645.7 million.
Notes: 1.Including Real Estate Series Funds of Forte & IDERA Property Funds.
private banks in Germany and Kleinwort Benson Bank specialized in commercial banking with deep heritage in the
United Kingdom). Upon receiving approval from the relevant regulatory authorities, Fosun’s indirect interest in BHF
Kleinwort Benson Group SA will increase from 19.49% to 28.61%, enabling Fosun to bring to customers in China the
world’s best-in-class private banking services and allow the invested enterprises to reap benefits from prosperity and
growth of the financial market in China.
BHF Kleinwort Benson Group SA
� After the latest approval, Fosun International together with its persons acting in concert owns a total of 28.61% and becomes the largest
shareholder of BHF Kleinwort Benson Group. Investment cost: EUR157.64 million;
� BHF Kleinwort Benson Group SA acquired 100% interest of BHF-BANK.
� Asset under management: EUR39.5 billion;
� BHF-BANK recorded revenue of EUR112.9 million in 20141H; Core operating profit was EUR5.5 million;
� BHF-BANK clients are mainly high net worth and ultra high net worth individuals, especially the active family businesses in Germany; its
principal businesses include private banking, asset management services and other services in the financial markets and corporate
divisions;
� BHF-BANK ranked 1st for eight consecutive years in terms of investment results in the league of Elite Portfolio Managers, compiled by
Handelsblatt, an authoritative German financial daily.
Zhejiang Internet Commerce Banking Co., Ltd.
� Fosun owns a 25% interest;
� Obtained approval for establishment by China Banking Regulatory on September 29, 2014. On May 27, 2015, Zhejiang Internet Commerce
Banking Co., Ltd. has received the approval from the Zhejiang Office of the China Banking Regulatory Commission for operation.
2.As at December 31, 2014, 2 companies were going through the process of listing by M&A; 3 companies completed the pre-launch disclosure for IPO.
22/23
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
复星概览
发展愿景
业务概览
机遇与策略
复星团队
复星追求
INDUSTRIAL PLATFORMS
Leveraging our core platform enterprises, we can optimize our global investment capabilities, share the high
growth in China market and participate in global industrial consolidation. Our target is to facilitate our
investees to become industry-leading enterprises in China and leading enterprises globally.
Yuyuan
Happy &
Fashionable Lifestyle
• The investment platform Gaillon II successfully acquired a 100% interest in the renowned French resort chain brand Club Med with 3
Platform companies: Yuyuan, Club Med, Studio 8
• Studio 8 invested in Director Ang Lee’s latest movie - “Billy Lynn's Long Halftime Walk ”.
Healthcare
• Successfully privatized Chindex ;
resorts opened in China; Announced the establishment of an entire new resort concept brand - Joyview by Club Med in 2015;
• Became the 3rd largest shareholder of a leisure travel group Thomas Cook in the UK, with 5% shareholding;
Fosun Pharma
Plaform companies: Fosun Pharma, Sinopharm,
United Family Healthcare, Luz Saúde
• Number of beds reached approximately 4,200, of which 1,179 are Luz Saúde, around 3,000 beds are under Fosun Pharma;
Properties
• Innovative closed-loop of 1+1+1 cross-industry integration.
• Health Finance: health insurance, leasing
BFC
Platform companies: Forte, Star Capital, Sungin (healthcare),
Sunyu (culture and tourism), Sunhong (logistics), BFC (financial),
Sunjing (ppp and public amenities construction), IDERA (real
estate fund), etc.
Hainan Mining
Commodities
Platform companies: Hainan Mining, ROC Oil
• Hainan Mining (601969.SH) was successfully listed on December 19, 2014, raising a total of RMB1,930 million in aggregate.
Hainan Mining aspires to participate in the global integration by taking advantage of the slump of the global mining industry;
• Participate in industry integrations during slump of oil price through the platform of Roc Oil.
Nanjing lron & Steel
Steel
Plaform company: Nanjing Iron & Steel
• Proactively pursued environment friendly transformation and promoted integration of environment friendly industry by
combining public listing and private equity;
• Nanjing Iron & Steel achieved profit attributable to owners of parent of RMB292 million in 2014.
24/25
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
GRASPING GLOBAL INVESTMENT OPPORTUNITIES
Fosun's global investment strategies
• Combining China's Growth Momentum with Global Resources: Folli Follie, St. John, Caruso, Tom Tailor, Alma
Lasers, Studio 8, Secret Recipe, Osborne, Club Med, etc.
• Seeking long-term, stable and low cost of capital: Fidelidade, Ironshore, MIG, etc.
• Catering to needs of insurance capital, enhancing local investment capabilities: IDERA, BHF-BANK, 28 Liberty, etc.
• Joint-development to expand businesses in China: Star Castle Senior Living, Pramerica Fosun Life Insurance
NoMad Luxury Residential Tower at
Madison Avenue, New York
2015 USA
Ironshore *
2015 USA
Thomas Cook
2013 UK
2014 Portugal
BHF Kleinwort Benson Group SA
2015 UK
Luz Saude
2014 Portugal Lloyds Chambers
REN
2014 Belgium, Germany
Club Med
2010 France
Osborne
2014 Spain
Tom Tailor
MIG*
2014 Germany
2015 USA
IDERA
Studio 8
2014 Japan
2014 USA
Fidelidade
St. John
Secret Recipe
2014 Portugal
2014 Malaysia
2013 USA
OPPORTUNITIES
& STRATEGIES
28 Liberty
ROC OIL
2013 USA
Cirque du Soleil
2014 Australia
*
2015 Canada
Caruso
2013 Italy
Folli Follie
2011 Greece
Alma Lasers
2013 Israel
73 Miller Street
2015 Australia
1. Include
investments
the projectsmade
invested
by Fosun
by Fosun
and and
funds
the
under
Funds
itsmanaged
management.
by Fosun.
Note: Included
* Currently under approval by regulatory authorities.
26/27
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
DRIVING “INSURANCE + INDUSTRY + HIVE 1+1+1”
CLOSED-LOOP
Building on the Hive City foundation, we developed the “Insurance + Industry + Hive 1+1+1” cross-industry
integration closed-loop, instilling unique competitiveness to our healthcare and happy & fashionable lifestyle
industries, insurance and finance, logistics and commodities and hive properties.
Leveraging on our established capabilities in healthcare and happy & fashionable lifestyle, logistics and commodity
industries, we encouraged cross-industry integration and proactively promoted connection of industries with
insurance and finance, capabilities of creating environment that facilitated integration of industries and insurance
into hive cities, creating one cross-industry integration operation platform unique to Fosun after another.
With healthcare and happy & fashionable lifestyle products as the core, through integration of
insurance funds and property development capability, to launch a platform and to achieve
rapid replication
Develop senior living
products from for lease to for sale
Development of tourism destinations
for rental and sale around the world
Forte + Starcastle Senior Living + Pramerica Fosun Life Insurance
Club Med + Insurance + Overseas Properties
Insurance
Nationwide expansion of healthcare systems
Global investment property development
Low-cost
insurance capital
Fosun Healthcare + Insurance + Leasing + Sungin Hive
Overseas properties + Insurance + Industry (functional leasing)
e
Hiv
de
try
us
Ind
le
d
sty
an Life
s
are ble rvice
hc
a Se
alt ion
He ash ity &
F
nt
y & ide
pp uct
od
Pr
Ha
cross-industry
integration innovation
closed-loop
“Hi
ve
C
vel
op ity”pr
me
op
e
nt
cap rty
ab
ility
1+1+1
28/29
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
“HIVE CITY (COMMUNITY)” SECURED
A FOOTHOLD TO SERVE THE NEW MODEL
OF URBANIZATION
The Hive City (Community) products assist local governments in building core urban functions, integrating Fosun's industrial resources,
featuring “ industry-backed urban development and urban-industry integration”, which can be classified into three levels:
� Core industrial operations led by Fosun
Project
Name
Categories
GFA
Description
Progress
Shanghai Financial
Center-BFC
Financial
Services
Hive
426
Located in the middle of Puxi Bund district and
will be a new financial landmark on the Bund.
BFC comprises five major functions including
corporate event venues, corporate
headquarters, shopping centre, boutique
hotels and arts centers.
Proceeding as scheduled and will complete
by end-2015.
Shanghai
Healthcare
StarCastle Zhonghuan Hive
Community
18
A professional senior service company jointly
established by Fosun and Fortress, the
leading US company senior care investment
management company.
Occupancy ratio in the first phase close to
100%. Proceeding with planning and
development for the second phase.
Yuyuan Phase II
Culture &
Entertainment
Hive
140
L e v e ra g i n g o n Yu y u a n P h a s e I w i th i t s
impressive 37 million annual visitors, Yuyuan
Phase II Project will serve to bring Yuyuan,
which has proven to be the yardstick of
Shanghai urban culture, to new heights.
Moving forward, Yuyuan Phase I and Phase II
will be transformed into contemporary
landmarks of culture, commerce, leisure and
tourism in Shanghai, becoming unique urban
cultural spaces for receptions and meetings.
The work focus for 2015 will be the proper
handling of early stage relocation and
demolition, as well as overall commercial
positioning and business landscape
planning. Construction of the project is
expected to commence in August 2016.
Shenyang
Yulong City
Culture &
Entertainment
Hive
193
Located in the core historical and cultural
district in Shenyang, putting retail, tourism,
culture and other industries under one roof.
Had its ceiling topped out on June 26, 2014
and recruiting tenants as present.
Dongyang
Woodcarving
Chinese Culture
Exhibition City
Culture &
Entertainment
Hive
410+830
Dongyang Woodcarving Chinese Culture
Exhibition City and the China Museum of
Woodcrafts.
The first phase has commenced operation
while the second phase is still under
construction.
Atlantis Resort,
Sanya, Hainan
Travel &
Leisure Hive
510
Located in Haitang Bay in Sanya and will
house the world’s third Atlantis Hotel with
RMB10 billion investment in aggregate and
scheduled to be completed in late 2016,
seeking to attract 1 million visitors a year.
Construction of the basic infrastructure is
underway and targeting at commencing
operations in 4Q 2017.
Tianmiao City
Xiangyang, Hubei
Logistics &
Trade Hive
1500
Located in the prime district in Xiangyang city,
Hubei Province.
The first phase will have a beta launch in
second half of 2015.
Ti a n m i a o C i t y,
Shaanxi Ankang
Logistics &
Trade Hive
600
Located in the high-tech district in Ankang City
in Shaanxi Province, a centre for six functions
of internet contract enforcement, online
trading, offline exhibitions, smart logistics,
internet malls and amenities.
Commenced construction on April 11, 2014
and is proceeding smoothly.
(thousand
sq. m.)
� To further introduce ancillary industries that support the core industrial operations
� To promote “ Urban-Industry integration” by establishing a 24-hour plus 3-in-1 vibrant community for work, consumption and living, as well
as introducing living and consumption services industries
In 2014, Fosun placed great efforts in pursuing the establishment and development of hive cities and sped up the transformation and
upgrading of traditional property businesses. Hive city is a product integrating Fosun’s industrial resources to assist local governments in the
construction of core urban functions, with a key feature of “industry-backed urban development and urban-industry integration” . Through
providing core urban functions required by the city, Fosun is able to take a lead in introducing its core industrial resources and to further
introduce ancillary industries that support the core industries, with a view to promoting “Urban-Industry integration” by establishing a 24-hour
plus 3-in-1 vibrant community for work, consumption and living, as well as introducing living and consumption services industries. The Hive
Community products, therefore, provide clear and distinctive functions with active dispersal of peripheral services. They also provide
adequate and diverse job opportunities through forming functional communities that drive employment by industries (no more dormant
cities, ghost cities). As such, a new model of communities which is self-sufficient and built with flexible combination of modules comprising
different functions are established.
As at December 31, 2014, we, together with our managed funds and investees, launched a total of 12 hive cities in 5 major categories, with
total construction areas for hive cities exceeding 4.7 million sqm. We have tried to incorporate multi-industry operations in our hive cities,
including the healthcare, culture & entertainment, travel & leisure, logistics & trade and financial services.
The solution： core industry + derivative industry + Supporting services
1
Travel & Leisure Hive
Hive City
Atlantis Resort, Sanya, Hainan, 510,000 sq. m.
2
(Community)
Logistics & Trade Hive
Hubei Xiangyang Tianmao City: 1,500,000 sq. m.
Shaanxi Ankang Tianmao City: 600,000 sq. m.
3
Culture & Entertainment Hive
1
2
3
4
Shenyang Yulong City: 193,000 sq. m.
Dongyang Woodcarving City: 1,240,000 sq. m.
Yuyuan Phase II: 140,000 sq. m.
4
Financial Services Hive
BFC: 426,000 sq. m.
5
Healthcare Hive
StarCastle Zhonghuan Community,
Shanghai: 18,000 sq. m.
5
30/31
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
IDEOLOGY OF "EVOLUTION"
“Evolution” is the driver that propels Fosun’s journey of evolving into an intelligent and vital
entity that iterates exploration of its intrinsic value with a purpose to excel.
FOSUN’S
TEAM
Fosun has developed an investment platform that helps its investees create
value, leveraging its vast pool of resources accumulated over the last two
decades. With this platform, Fosun has been helping the investees enhance
their values through exploiting synergies in resources, optimizing their
management and rendering support in judgment and decision making, etc.
“Evolution” implies “Progress and Transformation”
“Progress” refers to upgrades to the general landscape and further developments of the platforms.
“Transformation” is to identify and address weaknesses during the course of integration in an
effort to enhance product identity and competitiveness.
Fosun aspires to becoming a world-class investment group underpinned by the twin drivers of
“insurance-oriented comprehensive financial capability” and “global industrial integration capability taking roots
in China” . This goal requires every Fosuner to go for greater depths in integration and to evolve tirelessly. By
forging growth powers, we build a better future together for Fosun.
32/33
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
FOSUN: EMPHASIS ON TALENTS
A COMPREHENSIVE LEARNING SYSTEM:
FOSUN MANAGEMENT INSTITUTE
Fosun takes its staff force as assets of the highest value. The Group therefore attaches unparalleled importance to the
"A single spark can start a prairie fire"
sustainable development and nurturing of talents. To help implement the Group’ s corporate strategy and establish its corporate
culture, Fosun encourages its staff to develop their personal skills and improve their performance, thereby enabling its staff to
We hope to groom each and every employee of Fosun into a dazzling star—A flame as we gather, and stars as we scatter.
grow with the Company.
Our visions:
In the past over 20 years, we insisted on:
Creating Fosun's own "Whampoa Military Academy" by cultivating a remarkable workforce mainly comprising entrepreneurs.
Our workforce is required to meet international standards and possess world-class expertise to meet the development needs
of the Group in advance swiftly, thereby enhancing Fosun's global competitiveness and influence.
Select
Recruit
Cultivate
Retain
Attracting
Evaluating talents
Training talents
Building our team
development
performance
their works
talents through
through their
through
PROGRAMS
through a common
Learning Map
cause
7 Lunch Sharing Session Series
Through a talent supply chain system combining introduction of external talents and development of internal talents, we have
Insurance
collaborated a pool of leading talents in various industries. We care about the development of entrepreneurs and strive to
Investment
Globalization
establish an investment management team that recognizes Fosun’s corporate culture and highlights entrepreneurship.
engaging in investment activities, a
culminating a workforce mainly
all age groups provides a young,
defining characteristic for an
comprising highly educated and
dynamic yet experienced and
investment-oriented investment group
accomplished employees.
seasoned workforce.
with "China Expertise + Global
Capacity".
Master or above
Diploma and below
Bachelor
6.22%
32.11%
43.73%
18.35% 5.81%
43.12%
2.65%
49.64%
Happy
Lifestyle
Health
3.87% 0.71%
<30 yrs old
30~40 yrs old
Investment talents
Financing talents
41~50 yrs old
>50 yrs old
Functional talents
Auxiliary talents
Leadership Development Program
Investment Series
Management Excellence Program
Human Resources Series
Young Leaders’ Program
Financing & Auditing Series
Fo-Star Program
Others
Professional Skill
A majority of Fosun’s employees are
employees is 36 years. A proper mix of
Learning Development
The average age of Fosun's
elite from the investment industry,
40.06%
Finance
Investment case
Fosun continues to attract high-caliber
53.72%
Mobile
Internet
Fosun Forum
Orientation for New Employees
Technology & specialist talents
34/35
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
FACILITATING THE REJUVENATION
OF CHINESE ECONOMY AND CULTURE
Since its establishment, Fosun has always been grateful for the support it received
while sharing the fruitful results with our staff and communities. Fosun has been
contributing to education, helping disaster victims, and also encouraging the youth to
set up business and supporting the growth of micro and small enterprises through
charitable and innovative activities.
Fosun cares about the natural environment and has taken an important role in
promoting positive and sustainable development of society for years, thereby creating
a harmonious business atmosphere with other corporations to jointly establish a new
business environment.
Chinese culture has a long history and a profound foundation. Fosun constantly
works on the inheritance of traditional Chinese culture and participates in culture
FOSUN’S
PURSUIT
exchange with foreign countries, from promoting Taichi, woodcarving art to Shanghai
Symphony Orchestra. Fosun is strongly supportive of the rejuvenation of the Chinese
economy and culture as its goal and mission.
It is Fosun’s incumbent corporate social responsibility to fulfill its corporate
commitment in practice – to help protect and promote Chinese culture as well as
eulogize the magnificence of Chinese culture for appreciation by more people.
36/37
Fosun’s Overview
Fosun’s Vision
Fosun’s Business Overview
Opportunities & Strategies
Fosun’s Team
Fosun’s Pursuit
FOSUN’S HONORS
2014
April
Fosun International named “Best Managed Company” of the “Asia’ s Best Companies 2014” by
FinanceAsia, an international authoritative journal.
July
August
Fosun International ranked No. 115 in “2014 Fortune China 500”.
At the announcement ceremony of “2014 Top 500 Private Enterprises in China” organized by All-China
Federation of Industry & Commerce, Fosun was ranked 37th on the list of 2014 Top 500 Private
Enterprises in China.
October
Fosun International was named as “Most Admired Companies in China” by Fortune Magazine. Fosun
International also ranked in the top five companies on the “Diversified” industry ranking.
Fosun International received “Asia’s Most Promising Company on Corporate Governance” Award at the
Best of Asia 2014 by Corporate Governance Asia.
Fosun International received “Innovative Enterprise” Business Merit Award from Portuguese-Chinese
Chamber of Commerce & Industry, in recognition of the Group’ s contribution to fostering economic and
trade relations between China and Portugal.
Fosun International received “Triple A Greater China Award” in the “Investment” sector by The Asset, the
renowned international asset management and investment magazine.
November
World Finance, a UK professional financial magazine, announced the winner list of Project Finance Deals
of the Year 2014. Fosun’s acquisition into Fidelidade was named the “Best Privatization Deal of the Year”
by the World Finance.
December
At the 6th Global Private Equity Forum in Beijing organized by China Association of Private Equity
Investors, Fosun Group was ranked 2nd on the list of 2014 Top 10 PE Investors in China.
The annual rankings of “2014 China Private Equity Investment Institutions” were released by Zero2IPO,
Fosun Group honored as the “2014 Best Fund Raising Private Equity Investment Institution in China” and
was ranked 6th among the Top 10 Private Equity Investment Institutions of China in 2014.
Fosun International received a gold award in “The Corporate Awards 2014” by The Asset, an international
renowned asset management and investment magazine.
2015
May
Forbes, the U.S. magazine, announced the latest rankings of “The 2015 Global 2000” , Fosun
International ranked No. 536.
Disclaimer:
This corporate brochure shall not be deemed as information disclosure and investment recommendation by Fosun. Companies/projects mentioned in this corporate brochure
include investments made by Fosun, its subsidiaries and funds under its management. As such, some companies/projects mentioned in this corporate brochure are not among
the listed arm of Fosun. Investors are advised to refer to Fosun’s public announcements and annual reports for all relevant information solely regarding the listed company.
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