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Caixin Global
Caixin Global
National
Nie Yinghao and Denise Jia

Fosun International Profit Plunges 95% in 2022

Fosun Covid-19

What’s new: Fosun International Ltd. reported a 95% plunge in 2022 profit as repeated Covid-19 outbreaks hurt its business and global capital market turmoil widen its investment losses.

The conglomerate reported a net profit of 540 million yuan ($78.2 million) in 2022, down 94.7% from 2021, thought its revenue increased 8.74% to 175.4 billion yuan.

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