Wolves owner Fosun reports significant profit jump as company returns to growth trajectory

Wolves owner Fosun has “now returned to a growth trajectory” - the company has reported in its latest interim results.

The Chinese firm, which owns Wolverhampton Wanderers FC, has reported profits of £188.2 million (RMB 1.72 billion), a significant year-on-year increase of 160.3 per cent, according to latest figures for the six months ending June 30 2026.

Fosun International Limited has reported a "noticeable increase in profitability” - saying the operational quality of its core industries, including pharmaceuticals and healthcare, insurance and finance, and cultural tourism and consumer businesses, have steadily improved and gained collective momentum.

In the first half of 2026, Fosun continued to advance its business streamlining and core business-focused strategy - the company said as it announced that its total revenue reached £9.52 billion (RMB 86.96 billion) - remaining broadly stable despite the continued divestment of non-strategic and non-core assets.

It added that it made industrial operating profits of £403.73 million (RMB 3.69billion) - a year-on-year increase of 17 per cent.

Fosun’s asset base remained solid during the reporting period, with its subsidiaries Fosun Pharma, Yuyuan, Fosun Insurance Portugal (Fidelidade), and Fosun’s Tourism segment generating a total revenue of £6.99 billion (RMB 63.88 billion), accounting for 73.5 per cent of the group’s total revenue.

Overseas revenue reached £5.38 billion (RMB 49.16 billion), a year-on-year increase of 5.3 per cent. Its share of total revenue rose by three percentage points to 56.5 per cent, underscoring the success of its globalisation strategy.

Guo Guangchang, chairman of Fosun International, said: “Over the past few years, Fosun has steadfastly advanced its business streamlining and core business-focused strategy, and completed a systematic realignment of ‘repairing the roof on a sunny day’.

"The strong earnings recovery we delivered in the first half of this year validates our strategic direction and sustained focus. Fosun has now returned to a growth trajectory and is well-positioned to accelerate its growth going forward.”

The Shanghai-based firm, which took control of Wolves in 2016, said of its results that it had adhered to proactive and prudent liquidity and debt management, maintaining a sufficient liquidity buffer, adding that the group generated proceeds equivalent to more than £1.31 billion (RMB 12.0billion) from the divestment of non-strategic and non-core assets.

Fosun said that, on June 30 2026, cash, bank balances and term deposits amounted to £6.70 billion (RMB 61.214 billion), an increase compared to the end of 2025; with the total debt to total capital ratio reported as 55.7 per cent - a further decrease compared to the end of 2025.

It said a healthy debt ratio and ample cash reserves boosted the group’s risk resilience while enhancing its capacity to seize investment opportunities.

Fosun, one of the largest non-state-owned enterprises in China, bought Wolves for £30 million in 2016. It forms part of Fosun's Happiness sector of businesses.

Earlier this year the football club was relegated to the Championship after eight years in the Premier League and in March the club’s financial results revealed Wolves made a £15.3million loss for the year 2024/2.

The club, which has reported losses for four consecutive years, appointed Nathan Shi as executive chairman on a permanent basis in May, to replace Jeff Shi who stepped down in December, after fans complained about a lack of investment in Wolves.