股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 復星國際有限公司 | | | | 呈交日期: | 2025年8月5日 | | | | I. 法定/註冊股本變動 | 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00656 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 8,166,433,124 | | 0 | | 8,166,433,124 | | 增加 / 減少 ...

Core Insights - The core viewpoint is that Fosun International is fully embracing AI as a transformative force, shifting from "business + AI" to "AI + business" to become a leading AI application company [1][6]. Group 1: AI Leadership and Transformation - AI leadership is essential in the current era, emphasizing the need for humans and machines to coexist as a community of fate rather than machines serving humans [3][8]. - The competition in AI is seen as a core battleground for technological sovereignty, impacting the fundamental competitiveness of nations and enterprises [3][4]. - The historical analogy of the Ford Model T illustrates the importance of embracing new technologies rather than optimizing outdated ones, as those who adapt will thrive [3][4]. Group 2: AI as Infrastructure - AI is defined as a revolutionary infrastructure that is indispensable and fundamentally reshapes economic and social operations, similar to past technological revolutions [4][5]. - The emergence of AI fundamentally reconstructs production relationships, transitioning decision-making from human-centric to human-machine collaborative processes, leading to exponential productivity increases [4][5]. Group 3: Strategic Positioning of Fosun - Fosun's strategy is to focus on being a leading AI application user rather than a developer of foundational large models, emphasizing practical applications of AI in industry [6][7]. - The shift from "business + AI" to "AI + business" is crucial, as it involves integrating AI into the foundational structure of business processes rather than merely enhancing existing systems [6][7]. Group 4: AI in Pharmaceutical Development - Fosun Pharma recognizes the potential of AI in drug development, utilizing AI to enhance decision-making and operational efficiency, exemplified by the PharmAID platform which improves information accuracy by 50% and efficiency by 30% [7]. - The development cycle for new drugs has been significantly reduced from 18 months to 5 months through AI applications, showcasing the transformative impact of AI on productivity [7]. Group 5: AI Leadership and Collaboration - AI leadership is characterized by three forms of symbiosis: human and machine collaboration, traditional and digital economies coexisting, and individual enterprises thriving within an ecosystem [8]. - The ultimate goal of AI leadership is to achieve "full participation" where all employees evolve collectively, fostering a partnership between humans and machines [8].

Core Viewpoint - The establishment of the Hainan Free Trade Port's full island closure operation on December 18, 2025, marks a new beginning for investment opportunities in Hainan, with companies like Fosun International expressing strong confidence in the region's potential for growth and development [1][2][3]. Group 1: Company Initiatives - Fosun International has been deeply engaged in Hainan for nearly 20 years, creating over 6,000 jobs and contributing more than 10 billion yuan in taxes [1]. - In the tourism sector, Fosun introduced the third Atlantis hotel globally to Sanya in 2018, which has since welcomed over 32 million visitors [1]. - In the health sector, Fosun has leveraged the policy advantages of the Boao Lecheng Pilot Zone to promote the application of global biomedical innovations, with products like the Swedish respiratory devices being manufactured in Hainan [1][3]. Group 2: Strategic Developments - Fosun is advancing its green technology transformation through its subsidiary, Hainan Mining, which has made significant acquisitions in lithium and oil, and is establishing a lithium hydroxide production line in Hainan [2][4]. - The upcoming "Hainan Super Mediterranean" project will be a landmark AI-themed resort, enhancing Hainan's status as a premier tourist destination [3]. - The lithium hydroxide project in Yangpu, with an investment of 1.056 billion yuan, is expected to generate an annual output value exceeding 2 billion yuan, contributing to a green low-carbon industrial chain [4]. Group 3: Community Engagement - Fosun has been actively involved in community support initiatives in Hainan, including the establishment of a scholarship fund for underprivileged students and healthcare projects aimed at improving local medical services [4].

Core Viewpoint - The "Tai Chi for the Elderly" initiative, a collaboration between Standard Chartered China and the Fosun Foundation, aims to promote health and wellness among senior citizens through Tai Chi practice and community engagement [3][4]. Group 1: Event Overview - The event took place on July 19 at the Lujiazui Financial City, where volunteers in Tai Chi uniforms guided elderly community members in practicing Tai Chi [3]. - The program has expanded from Shanghai to other cities like Beijing and Chengdu since its launch in 2024, with weekly sessions introduced to enhance participation [3]. Group 2: Volunteer Engagement - The number of Tai Chi volunteers from Standard Chartered has increased by 140% compared to the previous year, indicating a growing commitment to community service [3]. - Volunteers provided personalized instruction, correcting techniques and sharing health knowledge, which was well-received by the elderly participants [3]. Group 3: Community Impact - The event was held at the Le Lin 365 community center, which is focused on providing comprehensive elderly care services and is undergoing digital upgrades for better health management [4]. - The initiative emphasizes the importance of caring for the elderly today to ensure a better future for society, encouraging more organizations to participate in similar projects [4].

Core Viewpoint - S&P has initiated coverage of Fidelidade, granting it an "A" long-term issuer credit rating and financial strength rating, with a stable outlook, reflecting confidence in its market position and financial stability [1][2]. Group 1: Market Position and Performance - Fidelidade holds a leading market share of 30% in the Portuguese market and has expanded its international business in Peru, Chile, Africa, and Asia, contributing to diversified profitability [2]. - In 2024, Fidelidade achieved a 12.6% growth in insurance revenue, with a net profit of €173.5 million [2]. - The Solvency II ratio reached 194% at the end of 2024, indicating strong capital strength and profitability [2]. Group 2: Ratings and Recognition - This is the second time Fidelidade has received an "A" credit rating, with Fitch upgrading its financial strength rating to "A+" and long-term issuer default rating to "A" in September 2024 [3]. - The recognition from two leading global rating agencies enhances confidence in Fidelidade's strategic direction and reflects its commitment to financial discipline and value creation for stakeholders [3]. Group 3: Strategic Development - Fidelidade is one of the four core subsidiaries of Fosun International and maintains its leading position in the Portuguese market while expanding its international presence, particularly in Peru and Bolivia [3].

Core Viewpoint - The sale of BFC Bund Financial Center by Fosun indicates a strategic shift away from real estate investments by the company, as its founder Guo Guangchang's wealth has significantly decreased over the years [1][24]. Group 1: Asset Sale Details - Fosun has listed the BFC Bund Financial Center for sale, with a recent transaction involving a major Chinese telecommunications company purchasing over 6,000 square meters at a price exceeding 130,000 yuan per square meter [3][4]. - The BFC Bund Financial Center has seen a price increase, with recent sales reflecting a 13% rise in unit price compared to previous transactions [4]. - The center includes two super-grade office buildings and three standalone office buildings, with total asking prices exceeding 8.537 billion yuan for the residential and standalone properties alone [5][8]. Group 2: Historical Context - The BFC Bund Financial Center was originally a highly contested project among four major real estate figures, including Guo Guangchang, Pan Shiyi, and others, highlighting the competitive nature of the real estate market in Shanghai [8][20]. - The project was acquired in 2010 for 9.22 billion yuan, marking it as one of the most expensive land deals in Shanghai at the time [9]. - A legal battle ensued over ownership stakes, with Guo Guangchang ultimately regaining full control of the BFC after a series of complex negotiations and transactions [17][20]. Group 3: Strategic Shift - Guo Guangchang has publicly stated that Fosun will focus on two main sectors: biomedicine and cultural tourism, moving towards a light asset operation model [24]. - The company has gradually divested from real estate, with its real estate subsidiary, Fuzhou Group, having lost market presence and relevance over the years [25]. - The transition away from real estate investments reflects a broader trend among major players in the industry, as they adapt to changing market conditions [26][27].

ESG融入投资体系 以高标准遵循国际责任投资原则 20世纪90年代起，ESG投资理念便在国际资本市场逐渐兴起，并形成广泛共识。ESG投资理念即在选择投资标的时，不仅关注其财务状况，还关注其社会责 任的履行，考量企业在环境、社会及公司治理等方面的表现。 复星创立于1992年，经过超30年的投资布局和稳健发展，已成为一家创新驱动的全球家庭消费产业集团。 7月15日，在2025新京报贝壳财经年会"ESG的全球实践与中国答案"论坛上，复星国际公司秘书兼ESG管理委员会负责人史美明表示，随着社会对企业的期 望越来越高，投资者和消费者对企业的ESG（环境、社会和公司治理）表现也越来越关注。 史美明认为，ESG评级是一个管理工具和平台，帮助利益相关方了解企业的ESG实践。企业重视ESG评级工作，可以促进企业ESG系统的管理，同时，借助 评级工具，不断以国际化视野，了解国际最佳实践，也可借此逐步优化内部规章制度和风险管理流程。 复星国际在ESG实践上一直走在前列。复星国际MSCI ESG评级为AA；在最新标普全球企业可持续发展评估中位列全球同业前5%，入选标普全球《可持续 发展年鉴2025》并在《可持续发展年鉴》（中国版）2 ...

Core Viewpoint - The collaboration between the 240-year-old Chinese brand Tong Hanchun Tang and the Qichuang platform marks a significant step in the globalization of traditional Chinese brands, focusing on appealing to younger consumers through innovative products and marketing strategies [1][3]. Group 1: Company Collaboration - Tong Hanchun Tang, a key player in traditional Chinese medicine, aims to modernize its brand image and reach younger demographics by partnering with Qichuang [3]. - The partnership is seen as a shortcut to brand rejuvenation, leveraging Qichuang's expertise in brand globalization and youth engagement [3][5]. - The joint product line will incorporate elements of "Guochao" (national trend) in both formulation and packaging, targeting both domestic and international markets through platforms like Xiaohongshu [5]. Group 2: Globalization Strategy - Qichuang's strategic vision includes not only bringing foreign brands into China but also facilitating the international expansion of Chinese traditional brands [5]. - A high-profile forum titled "Wealth Gravity: Globalization Strategy and Wealth Reconstruction" was held to discuss the future of Chinese brands going global, featuring industry experts and scholars [7][8]. - Experts shared insights on globalization strategies, including the importance of cultural adaptation and comprehensive marketing methodologies for brand internationalization [10]. Group 3: Qichuang's Role - Founded in 2013, Qichuang integrates entrepreneurship education, IP incubation, and brand globalization services, showcasing its unique value in the new era of globalization [12]. - The founder, Zhang Meng, emphasizes that true globalization involves the dual output of cultural values and commercial ecosystems, not just the flow of goods [12]. - Qichuang is positioned as a crucial channel for traditional Chinese brands to enter the global market, with ongoing discussions with multiple old brands for future collaborations [12].

Core Viewpoint - The private healthcare sector in Foshan is experiencing a significant transformation, facing challenges from public hospitals and a decline in patient trust, while some leading private institutions are finding ways to innovate and differentiate themselves [1][9][10] Market Landscape - Patients in Foshan predominantly prefer public hospitals, with survey results indicating that 72% are satisfied with the ethical standards of private hospitals compared to 61% for public ones, and 55% for waiting times in private hospitals versus 41% for public [2] - The disparity in insurance reimbursement rates (36% for public hospitals vs. 16% for private) significantly influences patient choices, particularly in non-first-tier cities like Foshan [2] - Negative perceptions stemming from past incidents have contributed to a lack of trust in private institutions, despite their service advantages [2] Innovative Practices - Leading private institutions like He You Hospital are leveraging AI technology to enhance service delivery and patient experience, aiming to change the narrative around private healthcare being synonymous with high costs [4][6] - Zen Hospital, backed by Fosun Group, has made significant advancements in technology and service quality, offering cutting-edge treatments and equipment that position it at the top of Foshan's healthcare landscape [6][8] Transformation Direction - The dual strategy of establishing "technical barriers + value-based healthcare" is seen as essential for private hospitals to overcome current challenges [8] - Many private institutions are focusing on enhancing service experiences, such as 24-hour professional care and personalized family doctor services, to better compete with public hospitals [8] - The regulatory environment is evolving, with policies encouraging the establishment of non-profit private healthcare institutions in underserved areas, which may provide opportunities for growth [9]

Group 1 - The core viewpoint of the articles highlights the successful growth and expansion of Club Med under the ownership of Fosun International, marking its 75th anniversary and significant achievements in the global market [1][2] - Since Fosun's strategic investment in 2010, Club Med has added 26 resorts globally, with a notable increase in the Chinese market, where the number of resorts has grown from 0 in 2010 to 11 by 2024, and customer numbers surged from 20,000 to 310,000 [1] - Club Med operates nearly 70 resorts across 26 countries, receiving over 1.5 million guests annually and achieving an annual revenue exceeding €2 billion [1] Group 2 - Fosun International's co-CEO and chairman of Fosun Tourism, Xu Xiaoliang, expressed confidence in Club Med's unique business model and global potential, emphasizing the importance of integrating global resources and optimizing local operations for high-end transformation [2] - Club Med has enhanced its digital marketing and channels, achieving a global direct and semi-direct sales rate of 72% by leveraging digital experiences from the Chinese market [2] - The company has established 38 sun resorts globally and plans to introduce a luxury French sailing cruise product line to the Chinese market by 2025, catering to the growing demand for high-quality vacations [2] - In response to the Chinese market's characteristics of "more holidays, shorter time," Club Med has launched two new product lines focused on short-distance vacations, achieving an average occupancy rate of over 95% during the recent May Day holiday [2]