Fosun - 2021 Interim Results

[cannockwolves]

It looks like Fosun have had a good half year. (six months ended 30 June 2021)

Fosun Half Year Results

The figures are in RMB rather than pounds, but their turnover was just under £8 billon and they made about £450m profit in the period.

It also looks like they have almost £12 billion in cash - yes billion not million.

Money really is not a problem for Fosun.

It does make you wonder why they have not invested in the ground.

 

[Very Proud (AKA Still Proud)]

Maybe they know when to spend and when not to which is why they have those figures. Just a thought!

 

[cannockwolves]

I have taken a closer look at the accounts at the end of the report, and it looks like the "Happiness" division which is where Wolves are located (along side tourism businesses) made a loss of about £135m because of the pandemic.

Although the group made £450m maybe Jeff was not able to borrow from the division because of its losses.

Give it 10 years and Guo will have ten's of billions in the bank and he will decide to have an Abramovich size transfer splurge

 

[Wandsworth Wolf]

It’s a geopolitics thing, not a money thing.

While the West and China continue their strained relationship, Chinese companies won’t be allowed to invest in big infrastructure projects here in the UK.
That’s why the stadium plans have suddenly gone on ice.

Fosun would never publicly say it , but that’s the reality.

 

[The Clock]

It looks like Fosun have had a good half year. (six months ended 30 June 2021)

Fosun Half Year Results

The figures are in RMB rather than pounds, but their turnover was just under £8 billon and they made about £450m profit in the period.

It also looks like they have almost £12 billion in cash - yes billion not million.

Money really is not a problem for Fosun.

It does make you wonder why they have not invested in the ground.

Eh?
Invested?
You mean spent money on?
There is a difference.

 

[Stoichkov]

It’s a geopolitics thing, not a money thing.

While the West and China continue their strained relationship, Chinese companies won’t be allowed to invest in big infrastructure projects here in the UK.
That’s why the stadium plans have suddenly gone on ice.

Fosun would never publicly say it , but that’s the reality.

agreed, they don't want to make a big noise whilst things are a bit dicey East-West

nonetheless Jeff also said in the summer videos it was about interest / lending rates and i think if the wind changed post covid (with brexit meaning UK is trading with the world and less inclined to stick with US all the time post Trump) then i could see conditions improving quite quickly. Boris has no scruples and would welcome more trade with China.

the good thing is with Fosun is that if they did go for it, they wouldn't **** about

bizarrely i actually think this season's results and style of football will help enormously in the interim, and can keep us in a good place whilst we wait to see how things transpire.

 

[HKWolf]

It’s not really surprising that Fosun have made large profits considering they distribute the Biontech vaccine in China and Taiwan (Pfizer vaccine to us). Yes the tourism sector is screwed, but soon enough that will recover too, and Fosun will be raking in the cash.

Now is the perfect time for Wolves to kick on and take advantage of the teams without money. If Fosun sent some of those profits our way, and got us the 3 players that we need whilst not selling Neves or Traore, we would also make them massive profits, not to mention the exposure and publicity. 3 players and we would be shoe ins for Europe, especially now that we have a manager that has realised where our strengths lie, the attackers and not defenders. Let’s hope Guo wants to attack as much as Bruno does.

 

[Deleted member 8455jwf]

They have been clear we have to be self sustaining as any of their other assets are. I think if we looked genuinely close to CL they might invest or if we could get an asset who they thinks value would sky rocket and could be sold for massive money.

 

[WickedWolfie]

agreed, they don't want to make a big noise whilst things are a bit dicey East-West

nonetheless Jeff also said in the summer videos it was about interest / lending rates and i think if the wind changed post covid (with brexit meaning UK is trading with the world and less inclined to stick with US all the time post Trump) then i could see conditions improving quite quickly. Boris has no scruples and would welcome more trade with China.

the good thing is with Fosun is that if they did go for it, they wouldn't **** about

bizarrely i actually think this season's results and style of football will help enormously in the interim, and can keep us in a good place whilst we wait to see how things transpire.

Economics and geopolitics are two very different things. You need to Google "five eyes alliance".

 

[whitnash wolf ex.dewsbury]

It’s not really surprising that Fosun have made large profits considering they distribute the Biontech vaccine in China and Taiwan (Pfizer vaccine to us). Yes the tourism sector is screwed, but soon enough that will recover too, and Fosun will be raking in the cash.

Now is the perfect time for Wolves to kick on and take advantage of the teams without money. If Fosun sent some of those profits our way, and got us the 3 players that we need whilst not selling Neves or Traore, we would also make them massive profits, not to mention the exposure and publicity. 3 players and we would be shoe ins for Europe, especially now that we have a manager that has realised where our strengths lie, the attackers and not defenders. Let’s hope Guo wants to attack as much as Bruno does.

believe they have a new club med in the seychelles so still investing in some places

 

[John de Wolf's hairdryer]

believe they have a new club med in the seychelles so still investing in some places

The Seychelles isn't sending aircraft carriers to the South China Sea to **** off the Chinese Gov't; the British Gov't is though

Whilst in Britain we are used to Western businesses able to operate almost entirely independently of government interference, Chinese businesses do not have that luxury. China is a centralised one-party state, and what the Chinese Government says goes in Chinese business as in all other facets of life in China. Britain is not in China's good books at the moment.

 

[GoldenHorseshoe]

It looks like Fosun have had a good half year. (six months ended 30 June 2021)

Fosun Half Year Results

The figures are in RMB rather than pounds, but their turnover was just under £8 billon and they made about £450m profit in the period.

It also looks like they have almost £12 billion in cash - yes billion not million.

Money really is not a problem for Fosun.

It does make you wonder why they have not invested in the ground.

Rich people don't splash money around willy nilly, hence why they are rich.

 

[VancouverWolf]

It looks like Fosun have had a good half year. (six months ended 30 June 2021)

Fosun Half Year Results

The figures are in RMB rather than pounds, but their turnover was just under £8 billon and they made about £450m profit in the period.

It also looks like they have almost £12 billion in cash - yes billion not million.

Money really is not a problem for Fosun.

It does make you wonder why they have not invested in the ground.

Do Fosun think they have had a good year? Compare to their previous years.
Smart people/companies who may have liquid cash of that size on hand usually have it earmarked for something, minus operating funds and contingency funds. ‘Cash’ could also be another term for easy access assets….stocks, gold etc.

They might invest in the ground if it make financial sense and if it’s enough of a priority ……but they might not view it as a priority at all.

 

[kennyB]

The Happiness unit of which Wolves are a part achieved revenue growth of 5.3% to £3.2 billion. Could buy us a Harry Kane or two next season!

 

[Mile End Wanderer]

It looks like Fosun have had a good half year. (six months ended 30 June 2021)

Fosun Half Year Results

The figures are in RMB rather than pounds, but their turnover was just under £8 billon and they made about £450m profit in the period.

It also looks like they have almost £12 billion in cash - yes billion not million.

Money really is not a problem for Fosun.

It does make you wonder why they have not invested in the ground.

It’s about investing for Fosun and the CCP are having their way

 

[SanFranWolf]

Two things here.

Correlation - The fact that Fosun group made a lot of money again this year doesn't seem to be correlated with their decisions on us. The Fosun group has always had loads of money, right from the first day they took us over.

Causality - The reason they haven't put more money into the ground (when it really needs it) we don't understand.

Speculatively it could be because of Covid & Brexit affecting building supplies & material prices, it could that the Chinese Government have told them not too, it could be directly business related like they want to spend it someplace else in the group, it could be that they're not as interested in us anymore...

Also - remember that Wolves are distinct two legal entities. The playing side is governed by Financial Fair Play. As I understand it, the 'Wolves Buildings' Business is not.

So by using that rationale - it's nothing to do with Financial Fair Play rules either.

 

[sc91]

It’s a geopolitics thing, not a money thing.

While the West and China continue their strained relationship, Chinese companies won’t be allowed to invest in big infrastructure projects here in the UK.
That’s why the stadium plans have suddenly gone on ice.

Fosun would never publicly say it , but that’s the reality.

You'll find with the Brexit pinch occurring that we will warm ever more to the idea of chinese investment.

 

[Incognito]

It looks like Fosun have had a good half year. (six months ended 30 June 2021)

Fosun Half Year Results

The figures are in RMB rather than pounds, but their turnover was just under £8 billon and they made about £450m profit in the period.

It also looks like they have almost £12 billion in cash - yes billion not million.

Money really is not a problem for Fosun.

It does make you wonder why they have not invested in the ground.

12 bill in cash. About as much as the plates (smashing) stall used to do, Saturday's at Bilston Market, accounting for inflation, of course.

 

[whitnash wolf ex.dewsbury]

You'll find with the Brexit pinch occurring that we will warm ever more to the idea of chinese investment.

correct.china has invested estimated £135bill/140bill in uk .not giving that up in a hurry.

 

[Wandsworth Wolf]

You'll find with the Brexit pinch occurring that we will warm ever more to the idea of chinese investment.

It’s not really that clean cut. Yes the UK needs investment. But geopolitics are at play here - and we are stuck between the US and China. China won’t forgive the way we dealt with Huawei. The Chinese state has absolute control over every Chinese business at home and abroad.

 

[sc91]

It’s not really that clean cut. Yes the UK needs investment. But geopolitics are at play here - and we are stuck between the US and China. China won’t forgive the way we dealt with Huawei. The Chinese state has absolute control over every Chinese business at home and abroad.

But the positive is ever weakening. Chinese investment is going to increase, as US influence begins to wain.

 

[whitnash wolf ex.dewsbury]

It’s not really that clean cut. Yes the UK needs investment. But geopolitics are at play here - and we are stuck between the US and China. China won’t forgive the way we dealt with Huawei. The Chinese state has absolute control over every Chinese business at home and abroad.

did you see the tv investigation into china.worrying,
even the chinese students were supporting the ccp.but as above neither side will easily give up £140bill. of investment

 

[Wandsworth Wolf]

But the positive is ever weakening. Chinese investment is going to increase, as US influence begins to wain.

Ultimately it will turn in to a battle between two ideologies. We, the UK, will always be aligned with the US on foreign policy, economics and security.

 

[Mutchy]

Football related…

 

[WickedWolfie]

Ultimately it will turn in to a battle between two ideologies. We, the UK, will always be aligned with the US on foreign policy, economics and security.

While l agree this thread is rapidly drifting towards the darkside so l'm saying no more.

Edited to add: ... and as if by magic Mutchy posted in parallel...