Fosun’s 2025 Impairment Wave Highlights Ongoing Exposure to China’s Property Downcycle
Fosun International warned it may post a net loss of up to RMB 23.5bn for 2025, primarily due to impairment provisions on real estate projects and write-downs of goodwill and intangible assets. The disclosure suggests that despite post-crisis downsizing, the conglomerate remains vulnerable to prolonged weakness in China’s residential and commercial property markets and softer consumer demand.