Fosun rebounds after property clean-up with core focus on growth, innovation
Profit attributable to shareholders rose 160 per cent to 1.72 billion yuan in the six months through June
Fosun International is emerging from a painful clean-up of its property portfolio with a sharper focus on pharmaceuticals, insurance and tourism, betting that years of asset sales and debt reduction have cleared the way for a return to growth.
The group swung back to stronger profitability in the first half, helped by the absence of the heavy impairments that weighed on 2025 earnings.
Chairman Guo Guangchang said in a statement on Thursday that the company had completed a systematic process of “repairing the roof on a sunny day”.
“Over the past few years, Fosun has steadfastly advanced its business streamlining and core business-focused strategy,” Guo said. “Fosun has now returned to a growth trajectory and is well-positioned to accelerate its growth going forward.”
The rebound comes after Fosun reported a 23.4 billion yuan (US$3.48 billion) loss in 2025, with property-related impairments accounting for about 55 per cent of the provisions.
The group has since sold noncore and non-strategic assets to raise cash and reduce leverage, including more than 12 billion yuan of disposals in the first half of this year.