Market Chatter: Fosun Chairman Sees Doubling of Operating Profit in Coming Years

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Market Chatter: Fosun Chairman Sees Doubling of Operating Profit in Coming Years

MT Newswires Live2025-04-02

Fosun International (HKG:0656) Chairman Guo Guangchang said he aims to double the company's operating profit in the coming years to about 10 billion yuan per year, Yicai Global reported Tuesday.

Guo did not provide a timeline for the milestone, according to Yicai.

Fosun booked operating profit of 4.9 billion yuan in 2024, according to a Sunday filing with the Hong Kong bourse.

Guo intends to attain higher operating profit by emphasizing core businesses such as healthcare and tourism, the report said.

Fosun incurred a loss of 4.35 billion yuan in 2024 compared with an attributable profit of 1.38 billion yuan a year earlier.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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