On 3 August  2023, Fosun Tourism Group (“Fosun Tourism”or the“Group”, Hong Kong Stock Exchange Stock Code: 1992) issued a profit alert announcement for the first half of 2023. Benefiting from the relaxation of travel restrictions around the world and the effective implementation of the Group’s strategy, all business sectors under Fosun Tourism Group have continued their strong recovery momentum.

For the first half of 2023 (the six months ended 30 June 2023), the business volume1 (at constant exchange rate) from tourism operation of the Group is expected to increase by no less than 24% compared to that of the six months ended 30 June 2022 (the“first half of 2022”) and the six months ended 30 June 2019 (the“first half of 2019”). It is expected that the profit attributable to equity holders of the Company in the first half of 2023 is no less than RMB430 million, representing a turnaround compared to the loss attributable to equity holders of the Company of RMB197 million in the first half of 2022.

In the first half of 2023, Club Med recorded a business volume (at constant exchange rate) of no less than RMB7,540 million, increased by no less than 26% as compared to the same period in 2022, and exceeded by no less than 14% than that in the same period in 2019. In the first half of 2023, the Group continued to execute the value pricing strategy and manage cost effectively. Benefiting from the significant growth in business volume, the unaudited net profit of Club Med achieved a steady improvement as compared to both the same periods in 2022 and 2019.

In the first half of 2023, benefiting from the strong holiday demand unleashed after resuming domestic tourism in China, Atlantis Sanya is expected to record a business volume of no less than RMB840 million, increased by no less than 73% as compared to the same period in 2022. In the first half of 2023, the EBITDA margin of Atlantis Sanya is expected to be no less than 45%.

In the first half of 2023, the financial position of the Group remains healthy. As of 30 June 2023, cash and bank balances of the Group are expected to be no less than RMB3,200 million, and undrawn bank facilities are expected to be no less than RMB2,800 million. The Group will continue to focus on its core business and achieve steady development.

Note:

1 Business Volume represents the aggregate sales of Club Med and Others, Atlantis Sanya, the Resort Asset Management Centre and other tourism and leisure services of the Group, regardless of whether the property is owned, leased or managed. The Resort Asset Management Centre represents Taicang and Lijiang Projects.