"I hope that the insurance and wealth sectors provided by Fosun will enable everyone to live healthily and happily, and money will always be there. These three are complementary. "
"We hope to build a team that can play C position similar to the World Cup. I am very satisfied that our core team at C is growing. "
"This is a systematic project. Without a big team, we can't build such a big system, form a big ecology and complete our vision. "
"Doing the right thing, the difficult thing, and the thing that takes time to accumulate are like a pot of good wine, which can only be boiled out through practice."
"Fosun has always been conservative. Many people say that we are more accurate and have a deeper understanding of risks, but in the case of vaccines, I can say that we are not very responsible to shareholders. "
"This technical route is brand new, and it may be that there is no harvest."
"On the issue of vaccines, all the investment of Fosun is the country's priority, not the interests of shareholders, so (vaccine research and development) today, I feel overjoyed."
"Of course, I hope this vaccine can come to China and the mainland as soon as possible."
The above are the latest and wonderful views shared by Guo Guangchang, founder of Fosun, at the Fosun 2020 annual performance conference on March 3 1 Day.
On March 30th, 20021year, Guo Guangchang issued a letter to shareholders. Affected by the COVID-19 epidemic, during the reporting period, the Group achieved operating income of 654.38+0366 billion yuan, down 4.44% year-on-year. The profit attributable to shareholders of the parent company reached 8.02 billion yuan, a year-on-year decrease of 45.83%.
However, with China taking the lead in getting out of the crisis and restoring the normal order of economic life, Fosun's business in China has obviously rebounded, among which Fosun Pharma, Yuyuan Co., Ltd. and other subsidiaries have achieved contrarian growth.
Fosun Travel, which was greatly affected by the epidemic, continued to control costs and actively promoted business recovery. By the second quarter, its business income in Chinese mainland had improved significantly.
At this performance conference, Guo Guangchang bluntly said that all Fosun's investments are based on the country's righteousness, not the interests of shareholders. In his view, there are always things beyond interests, and there are always things beyond the interests of shareholders.
Meanwhile, regarding how to build Fosun's ecosystem, Guo Guangchang said that the basic layout has been completed, but the meridians of the system have not been opened, and each piece is still in its own way.
Smart investors sorted out the full text of the speech and shared it with everyone.
Speech part
First of all, I would like to thank all our customers, all shareholders, and all employees and teams of Fosun.
Last year was the worst year for performance and challenges, but it was also the best year for Fosun itself to grow in the face of challenges.
Fosun's mission is to make more families live healthier, happier and happier lives.
We have a small goal. I hope all of you here can live to 12 1 year old healthily and happily.
First of all, be healthy. Without health, there is nothing.
In terms of health, the first thing is to treat diseases. So we vigorously develop CRA T, our Fu Honghanlin, our surgical robots and so on.
Second, take precautions before they happen, and it is best not to get sick. Life is always painful, right?
So I think that after genetic testing in the future, (it can be predicted in advance) what cancer you may get, so that we can take a vaccine to prevent it and not get sick. Is this possible?
We hope we'd better not get sick in the future.
Then there is happiness. Happiness is very important. Unhappy people are hard to be healthy. Many people with depression get sick when they are depressed, so it is necessary to drink some wine.
It is also necessary to take a family trip at the right time and go to Atlantis to stimulate. Everyone is happy to live.
But health and happiness are guaranteed by wealth.
Sometimes it is very painful, that is, after living for a long time, I had prepared the money to live to 100, but I ended up living to 12 1 0, and the money for the next 20 years was not ready, which is not good.
Therefore, I hope that the insurance and wealth sectors provided by Fosun can make everyone live a healthy and happy life, and money will always be there. The three complement each other.
I think that in order to ensure that our families and individuals can live a healthy and happy life, we must treat diseases and prevent them.
Third, it is not easy to do these things. We need a big ecosystem, and our basic layout has been completed.
We have so many good products and technologies in the global layout, and we are constantly innovating.
However, our meridians have not been opened, and every piece is fragmented. We haven't formed a big ecosystem service for our customers.
For example, our health insurance, in fact, he pays more attention to the health management service behind us, that is, no matter what disease you get, we can cure you through health management services so that you don't get sick.
If we go to Atlantis, can we still enjoy our service of buying AHAVA? Is there a discount? And enjoy LANVIN's products and services, fashion services?
Our hope is to create value for family customers systematically.
So why do you want the top at the C end? That's how it happened. It is necessary to get through the meridians and refine the magic of Fosun's six-in-one to provide better services to customers.
Then it all depends on the organization and people.
Everyone saw all of us today, and those who didn't come. We want to build a team that can play C position similar to the World Cup. I am very satisfied that our core team at C is growing.
Then why do you need more global partners than 100, and there will be more in the future? Because we have to fight a big battle and serve so many customers, how can no one do it?
Besides, we need substitutes, such as the football team on the court 1 1, and substitutes 1 1, so there are more than 20 players.
There are also youth teams, coaches who serve them, shareholders behind them, directors who guide them, scouts who look for new people and so on.
This is a systematic project. Without a big team, we can't build such a big system, form a big ecology and accomplish our vision.
This is our step-by-step thinking about the system.
It's not easy, and I know it's not easy, so I've always stressed to my brothers that doing the right thing, the difficult thing, and the thing that takes time to accumulate is like a pot of good wine, and you have to endure it through practice.
So I hope everyone will be patient with us and we will continue to work hard.
Question and answer session
Q: The mRNA vaccine in cooperation with Byntech will be launched in China soon. Will Fosun have some considerations and ideas on the mRNA technology platform or track in the future, including other vaccines such as tumors and infectious diseases? What is the prospect of international cutting-edge technology?
Guo Guangchang: We recently invested in Shede wine industry. There is a saying called "sometimes reluctant people" and another saying called "sometimes reluctant people".
(Note: Fosun completed the acquisition of Jin Hui wine industry in June 5438 +2020 10, and obtained the controlling right of Shede wine industry in June 5438+February of that year. )
Fosun has always been conservative. Many people say that our calculations are more accurate and we have a deeper understanding of risks, but I can say that we are not very responsible to shareholders in the matter of vaccines. When the vaccine line was laid out, it can be said that it was not sure.
At that time, my thought was, is this technical route available in China? We hope that the people have one more choice and the country has one more possibility.
This technical route is brand-new, and it may be that no grain is harvested. Including the fact that we had to pay a deposit at the end of last year to lock in the supply of vaccine production capacity, I think it is also full of risks.
What I want to tell you is that on the issue of vaccines, all Fosun's investments are based on the country's righteousness, not the interests of shareholders, so I feel overjoyed today.
Here, first of all, thank our team.
The second is to thank our US Food and Drug Administration, CDE and all aspects of this country.
I certainly hope this vaccine can come to China and mainland China as soon as possible.
(Vaccine development) has been very difficult today. Our US Food and Drug Administration, our CDE and our regulatory authorities are all working around the clock, sometimes at two or three in the morning, and (everyone) has made a lot of efforts.
Including our partner, Dr. Ugur, the founder of Byntech, also won the German National Medal of Honor. I think he is well deserved.
There are always things outside the interests, and there are always things outside the interests of shareholders, so please understand.
Of course, we won't do everything.
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