About Fosun International
Fosun International Limited engages in the pharmaceuticals, property development, steel and mining businesses. The company has investments in the retail industry and financial services, as well as a series of strategic investments. The company is a subsidiary of Fosun Holdings Limited.
Business
Pharmaceuticals
The company operates its pharmaceuticals business through Fosun Pharma. With respect to pharmaceutical research, development and manufacturing, products researched, developed and manufactured by Fosun Pharma for the treatment of various diseases such as liver disease, diabetes and malaria remain leaders in their respective niche markets. With respect to pharmaceutical distribution, Sinopharm Holding, in which Fosun Pharma holds equity interest, operates the pharmaceutical distribution network in China. The major business areas of Fosun Pharma include the manufacture, research and development, distribution and retail of pharmaceuticals.
Property Development
Property Development segment engages in the development and sale of properties in Mainland China. The company operates its property development business through Forte. Apart from Shanghai, Forte have property development operations in other major cities across China, including Beijing, Tianjin, Nanjing, Chongqing, Wuhan, Wuxi, Hangzhou, Xi’an, Changchun and Chengdu. During early 2009, Forte had a total of 34 projects under development (including projects undertaken by joint ventures of Forte) with an aggregate GFA of approximately 3,307,175 square meters.
Steel
The steel segment engages in the manufacture, sale and trading of iron and steel products. The company operates its steel business principally through Nanjing Steel United which has an annual production capacity of approximately 6 million tonnes. It has investments in steel companies, including Jianlong Group and Ningbo Steel. Its main products are medium and heavy plates with established branding advantages in various segments such as plates for shipbuilding, plates for oil pipelines and structural steel for wind power generators.
Mining
The company, through its subsidiary Hainan Mining, owns iron-rich ore mine and operates businesses, such as iron ore mining and trading. It also invested in other iron ore companies, such as Jin’an Mining and Huaxia Mining and in other resources, such as coking coal, molybdenum and gold.
Retail, Financial Services and Strategic Investments
The company has a 17.3% interest in Yuyuan retail business. Yuyuan specializes in gold and jewellery wholesale and retail, as well as catering business. The company’s other significant investments include Tebon Securities and Yong’an Insurance, both of which are engaged in financial services. It owns 16.9% equity interest in Focus Media.
Acquisitions
In 2008, the company acquired a 55% equity interest in Zunyi County Shiji Nonferrous Metal Limited Liability Company.
In 2008, the company acquired Hongshan Mining and Metal Co., Ltd. (Hongshan Mining) through a subsidiary, Hainan Mining United Co., Ltd.
History
Fosun International Limited was founded in 1992.