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Fosun International ( (HK:0656) ) has provided an update.
Fosun International reported a challenging financial year in 2024, with a loss attributable to owners of the parent amounting to RMB 4,348.9 million, compared to a profit in the previous year. Despite the financial setback, the company maintained stability in its core operations and continued its strategy of divesting non-core and heavy assets, amounting to approximately RMB 30 billion at the consolidated level. This strategic focus aims to streamline operations, reduce debt, and create long-term value for shareholders by concentrating on core industries and leveraging globalization and innovation capabilities.
More about Fosun International
Fosun International is a diversified conglomerate operating in industries such as health, happiness, wealth, insurance, asset management, and intelligent manufacturing. The company focuses on core business operations and strategic divestments to optimize its capital structure and enhance shareholder value.
Average Trading Volume: 740
Technical Sentiment Signal: Buy
Current Market Cap: $4.54B
For detailed information about 0656 stock, go to TipRanks’ Stock Analysis page.