Fosun International Limited

0656
Failed

Company Overview

Founded in 1992, Fosun is deeply involved in the three major businesses of health, happiness, and prosperity, providing high-quality products and services to family customers around the world. Fosun International Limited is an innovation-driven household consumer industry group that was listed on the main board of the Hong Kong Stock Exchange in 2007 (stock code: 00656.HK). Total revenue in 2019 reached RMB 143 billion (approximately US$20.7 billion). As of December 31, 2019, the company's total assets reached RMB 715.7 billion (approximately US$102.6 billion), ranking 371st in the 2020 Forbes list of the top 2000 global listed companies. Fosun's mission is to make every family around the world happier. Fosun's vision is to take root in China, serve 1 billion family customers around the world, and intelligently create a healthy, happy, and prosperous happy ecosystem. Fosun's strategic keywords are: focusing on family customers, C2M model, leading science and innovation, deep industrial operation+industrial investment, and globalization. Key members of Fosun's global happiness ecosystem include: Health ecology: Fosun Pharma, Sinopharm Holdings, Fosun United Health Insurance, Portuguese medical service group Luz Saude, Gland Pharma, one of India's largest generic drug companies, etc.; Happy Ecology: The world's largest leisure resort group, which operates Club Med, Sanya Atlantis, Yuyuan Co., Ltd., and Israel's top Dead Sea mineral skincare brand AHAVA; Rich ecology: Portugal's largest insurance company Fidelidade, Portugal's largest listed bank Banco Comercial Portugal (BCP), Germany's famous private bank Hauck & Aufhauser (H&A), Dingrui Reinsurance in Hong Kong, China, Zhejiang Online Commercial Bank, etc.

Country
HK
Market Cap
$4.81B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
22.05% failed
5% Threshold
22.0%
Liabilities Compliance
121.10% failed
33% Threshold
121.1%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Fosun International Limited
Ticker 0656
Main Business Conglomerates
Type Common Stock
Industry Conglomerates
Country HK
Market Cap $4.81 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Happy $42,860.0 $0.0 -
Health $23,490.0 $0.0 -
Rich-insurance $18,440.0 $18,440.0 insurance
Abundance - Asset Management $6,820.0 $6,820.0 Asset Management
intellect $5,460.0 $0.0 -
Interest income $3,060.6 $3,060.6 -
Total $100,130.6 $28,320.6 22.05% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
derivative financial liability $565,826,330.5 11.75%
certificates of deposit issued $5,263,305,322.1 109.34%
Total Interest-Bearing Debt $5,829,131,652.7 121.10%
Market Capitalization $4,813,615,384.6 100.00%
Compliance Status Threshold: 33% failed