Gelonghui March 14 | Fosun Tourism Culture (01992.HK) announced that for the year ended December 31, 2023, the company's revenue was RMB 17.15 billion, an increase of 24.49% over the previous year. Profit attributable to shareholders was RMB 307 million, while loss attributable to shareholders for the year ended 31 December 2022 was RMB 545 million. Earnings per share were $0.25.
In 2023, with the lifting of global pandemic restrictions and the release of strong post-pandemic vacation demand, the Group's global business fully recovered. In order to better focus on its core business and optimize internal resource collaboration, the Group redivided its business segments in 2023, from the original “resorts and hotels”, “tourist destinations”, and “services and solutions based on vacation scenarios” to four major business segments: “ClubMed and others”, “Sanya Atlantis”, “Resort Asset Management Center”, and “Retreat and Related Businesses”. Two major projects in Taicang and Lijiang under the original “Reyou City” brand were incorporated into the “Vacation Asset Management Center” business segment.
In 2023, the company made adjustments to some of its operations. The Group strategically withdrew from Epinon's scenic spots and commissioned management business. In May 2023, the Group signed an equity transfer agreement with Goldman Sachs Group to sell the Casa Cook and Cook's Club brands and overseas business, with the aim of optimizing its business portfolio and concentrating resources on the development of the Group's core business.