- Fosun International (FOSUY, Financial) has created over 6,000 jobs and contributed more than RMB10 billion in tax revenue in its 20-year presence in Hainan.
- Hainan Mining, a subsidiary of Fosun, reported a net profit of RMB706 million in 2024, marking a 12.97% year-on-year increase.
- Fosun is set to launch a RMB1 billion lithium hydroxide facility in Hainan with an annual production capacity of 20,000 tons.
At the 2025 Hainan Free Trade Port Global Investment Promotion Conference, Fosun International (FOSUY) reaffirmed its dedication to the development of the Hainan Free Trade Port. Co-Chairman Wang Qunbin highlighted Fosun's 20-year presence in Hainan, during which it has generated over 6,000 jobs and contributed more than RMB10 billion in tax revenue.
Fosun's subsidiary, Hainan Mining, has expanded its operations by acquiring lithium mines in Mali and oil fields in Oman. It reported a net profit of RMB706 million in 2024, reflecting a 12.97% year-over-year growth. This success is part of Fosun's broader strategy to integrate upstream resources with lithium salt processing.
The company continues to innovate and expand its operations, including the development of a RMB1 billion lithium hydroxide facility in Hainan. This facility aims for an annual production capacity of 20,000 tons, reinforcing Hainan as a strategic node in the global new energy industry supply chain.
In the tourism sector, Fosun's Atlantis Sanya resort has attracted over 27 million visitors since its opening in 2018, showcasing the firm's prowess in cultural tourism. Additionally, Fosun plans to introduce an AI-themed resort and a performing arts center, further promoting Hainan as a world-class travel destination.
Looking forward, Fosun remains committed to leveraging its strengths in biopharmaceuticals and cultural tourism to contribute "Fosun Power" to the ongoing development of the Hainan Free Trade Port.
