Fosun Ranked 1136th on Forbes Global 2000

Release time:2012-04-26 Content sourced from: Page View:

(26 April 2012 – Shanghai) Fosun International Limited ("Fosun") ranked 1136th on the latest Forbes Global 2000, published by Forbes Magazine in April.

 

Since 2003, Forbes Magazine has compiling a ranking of top 2000 listed companies worldwide for nine years, based on measures including revenue, profit, asset and market capitalisation. The ranking has a strong credibility and considerable market influence. This year, Fosun ranked 1136th with US$6.8 billion in revenue, US$600 million in profit, US$17.8 billion worth of asset and US$4 billion of market capitalisation.

 

In the latest ranking exercise in 2012, the number of Chinese enterprises included on the list rose to 136, which came after the United States (524 enterprises) and Japan (258 enterprises). By geographical distribution, the number of enterprises from the Asia-Pacific region increased by 32 when compared with that of last year. According to a commentary from Forbes Magazine: "This is because of the satisfactory development exhibited by Chinese and Korean enterprises."

 

In 2011, the global sovereign debt crisis intensified while the economic growth in major developed countries slowed down. The world economic growth was only 3.8%, down 1.4 percentage points when compared with the same time in 2010. At the same time, the Chinese economy was also faced with pressure from the slowdown in economic growth and inflation. Against a backdrop of the unfavourable global economic environment, Fosun met the challenges proactively. By optimising management and operations, the Group strengthened its development model with its growth engines of industrial operations, investments and asset management, and maintained a satisfactory business operation. As at the end of 2011, the Group's book value reached record high of RMB31.8 billion while net portfolio value amounted to RMB35.0 billion, representing 7-year compound annual growth rates (CAGRs) of 55.3% and 21.1%, respectively.

 

Fosun's ranking on the Forbes Global 2000 showcased an improvement in its quality in various aspects, including revenue, profit and asset value.

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