The Chinese New Year is coming soon, but something big happened to Fucheng.

Li Fucheng, one of the actual controllers of Fucheng Co., Ltd., was sentenced to three years' imprisonment and suspended for five years for committing bribery and false invoicing. Li Fucheng, who changed from an oil-peddler to a funeral king, has the title of "the richest man in Yanjiao", and the value of family fortune has reached 5 billion yuan, ranking frequently on the rich list.

"the richest man in Yanjiao" was sentenced to three years' imprisonment for committing bribery, false invoicing and other crimes

On the evening of January 28th, Fucheng Co., Ltd. announced that recently, Mr. Li Fucheng, one of the actual controllers of the company, received the No.94 of the People's Court of Jizhou District, Hengshui City, Hebei Province (hereinafter referred to as the "Judgment").

The judgment shows that the people's court of Jizhou District, Hengshui City, Hebei Province first sentenced Mr. Li Fucheng to commit the crime of accepting bribes by non-state employees and was exempted from criminal punishment; He was convicted of falsely invoicing, sentenced to two years and eleven months in prison and fined 5, yuan; He was sentenced to one year and eight months' imprisonment for the crime of unit bribery, and was sentenced to three years' imprisonment, suspended for five years, and fined 5, yuan (paid); The returned illegal income of 3 million yuan and the bribe of 6 million yuan shall be turned over to the state treasury by the seizure organ.

Fucheng Co., Ltd. said that Li Fucheng did not hold any position as a director of the company and did not participate in the daily operation and management of the company. The case does not involve listed companies, which operate normally, and the board of directors and management of the company operate and manage around the established short-term and long-term goals. The judgment does not involve the company and its holding subsidiaries, and does not involve the business operated by the company, and has no impact on the company's operation, finance and operating performance.

The oil-selling baby turned into a "funeral king"

family fortune, Li Fucheng is worth 5 billion yuan

Li Fucheng, a junior high school student, has a lot of background. In Yanjiao, only 4 kilometers away from the capital Beijing, he is famous. From cowherd to funeral king, Li Fucheng was once called "Yanjiao Li Ka-shing".

It is understood that Li Fucheng was born in a poor family in Hebei Province in 1946. After only studying for three years, he dropped out of school and went home to herd cattle. When he was a teenager, he began to sell sesame oil by bicycle, and in the process, he accumulated some capital and business experience.

Li Fucheng, who is in his thirties, is determined to start his own business. He has mastered the old oil production technology and sold small ground sesame oil. At that time, because his sesame oil was of good quality and his business was booming, he once monopolized the sesame oil business in the county and became a veritable king of sesame oil in the local area.

But Li Fucheng is not satisfied with the status quo, and is still looking for the next business opportunity. Li Fucheng discovered that the residue left after pressing sesame oil could be used to raise cattle, so in 1983, Li Fucheng set out to set up a cattle farm in Xinglong Village, sanhe city. In April, 1994, Li Fucheng was awarded the title of "National Top Cattle Raising" by the Ministry of Agriculture. In 1999, Li Fucheng registered the trademark "Fucheng" in its own name. After continuous development, in July, 24, Fucheng shares were listed on the Shanghai Stock Exchange, becoming the "first share of cattle raising".

however, it is the real estate business that makes Li Fucheng's capital accumulation expand rapidly. Before Fucheng shares went public, Li Fucheng, with a keen sense of smell, aimed at "drifting north" and intervened in the real estate development business. Yanjiao Town, sanhe city is only over 3 kilometers away from the center of Beijing, but the house price here is far lower than that in the center of Beijing, which is very attractive for people who have just come to Beijing to travel.

in September 22, Li Fucheng became the chairman of Sanhe Fucheng real estate development company, and the company became the first of the four Yanjiao real estate companies. Li Fucheng once boasted: "As long as there is drifting north, I will always build a house!"

After the merger and reorganization in 213, catering services were added to the main business. Subsequently, in 215, Fucheng shares purchased 1% equity of Sanhe Lingshan Baota Cemetery Co., Ltd. held by shareholders at a total price of 1.5 billion yuan, and the underlying assets mainly engaged in funeral services such as the sale of tombs and ashes. In this regard, Fucheng shares officially entered the profiteering funeral industry and became the first domestic A-share listed company in the funeral service industry, also known as "the first A-share funeral".

With the listing of the company and the expansion of various businesses, Li Fucheng has already changed from an oil girl to a rich man. In 216, Hebei Hurun ranked 9 th on the rich list, and was well-deserved "the richest man in Yanjiao". On October 1th, 219, the Hurun Report was released, and the Li Fucheng family ranked 828th, with a wealth of 5 billion yuan.

According to the data of Sky Eye Survey, there are many assets under Li Fucheng's name at present, and he is a legal person in 2 enterprises, an executive in 36 companies and an employee in 43 enterprises.

Li Fucheng was put on file for investigation

because of being suspected of short-term trading

However, the future development of Fucheng Co., Ltd. is not smooth sailing, and there are often negative news. In September 219, the tax-related case of Fucheng Group, with Li Fucheng as the chairman, was investigated by the Hebei Provincial Commission for Discipline Inspection, and Fucheng Group was suspected of falsely issuing VAT invoices of about 2 million yuan.

In this regard, Fucheng Co., Ltd. also issued a clarification announcement, saying, "Upon verification with the actual controller of the company, the related parties currently engaged in real estate development business are involved in tax economic cases and are cooperating with the investigation. At present, the case has not yet reached a further conclusion."

Mr. Li Fucheng, the legal representatives of Fucheng Group, Fucheng Real Estate and Lianfu Real Estate, is currently performing relevant duties normally. Li Fu has become one of the actual controllers of the company, and has not served as the legal representative, director, supervisor or senior manager in the company at present.

in June 221, Li Fucheng was placed on file for investigation on suspicion of short-term trading. Fucheng Co., Ltd. said that the actual controller, Mr. Li Fucheng, was put on file for investigation on suspicion of short-term trading, and the specific amount of suspected short-term trading was subject to the investigation results of China Securities Regulatory Commission.

in July, 221, Fucheng co., ltd announced that the company had received the "Decision on Administrative Punishment" from Hebei Supervision Bureau of China Securities Regulatory Commission. It has been found that there are illegal facts in Li Fucheng, such as selling stocks within six months after buying them and buying them again within six months after selling them. Hebei Supervision Bureau of China Securities Regulatory Commission decided to give a warning to the actual controller Li Fucheng and impose a fine of 8, yuan.

In October 221, Hunan Shaoshan Tiande Fudi Cemetery Co., Ltd., a subsidiary of Fucheng Co., Ltd., was put on file for investigation, because it was suspected of illegally absorbing public deposits.

The performance of Fucheng shares is unstable

The stock price is like a roller coaster

So, what are the operating conditions of Fucheng shares, the first share of funeral and the first share of cattle raising, in recent years?

according to the third quarterly report, the company's main income was 984 million yuan, up 28.66% year-on-year; The net profit of returning to the mother was 148 million yuan, up 69.69% year-on-year; Deducting non-net profit was 141 million yuan, up 9.61% year-on-year.

Fucheng Co., Ltd. previously stated that the factors of profit growth mainly came from the catering and funeral sectors. With the stability of the epidemic, the catering and funeral sectors have almost returned to the performance level before the epidemic, and the sales revenue has increased substantially compared with the same period last year, resulting in a substantial increase in profits. At the same time, the operation of grain-run ecological agriculture has also brought certain profits to the company. In the first half of 221, the company's food processing income increased by 17.39%, catering industry income increased by 8.87%, and funeral industry income increased by 126.96%.

however, over a long period of time, the performance of income and net profit of Fucheng shares is not stable.

It's worth mentioning that Fucheng Co., Ltd. recently got the concept of prefabricated dishes by virtue of its comprehensive "central kitchen" business model.

recently, Fucheng's share price performance is like riding a roller coaster. In mid-January, Fucheng shares achieved four consecutive daily limit, but then fell rapidly, and the stock fell by 33.74% in nine trading days. Up to now, the stock has reported 6.46 yuan with a total market value of 5.289 billion yuan.