On the 29th, Fortune Ng Fung Food (Hebei) Co.Ltd(600965) (hereinafter referred to as ” Fortune Ng Fung Food (Hebei) Co.Ltd(600965) “) announced that Li Fucheng, one of the actual controllers of the company, was sentenced by the court in the first instance for committing a number of crimes such as bribery.
According to the announcement, in the first instance, the people’s Court of Jizhou District, Hengshui City, Hebei Province ruled that Li Fucheng committed the crime of accepting bribes from non state workers and was exempted from criminal punishment; Whoever commits the crime of falsely developing tickets shall be sentenced to fixed-term imprisonment of two years and eleven months and shall also be fined 500000 yuan; Whoever commits the crime of offering bribes to a unit shall be sentenced to fixed-term imprisonment of one year and eight months and be punished for several crimes. It is decided to execute fixed-term imprisonment of three years, suspended for five years and fined 500000 yuan (paid); The illegal gains of 30 million yuan and bribes of 6 million yuan returned shall be turned over to the state treasury by the seizure organ.
Public information shows that Li Fucheng was born in 1946. In 1999, Li Fucheng registered the “Fucheng” trademark in his own name. After continuous development, in July 2004, Fortune Ng Fung Food (Hebei) Co.Ltd(600965) was listed on the Shanghai Stock Exchange and became the “first share of cattle raising”. From cattle herding baby to funeral king, the family wealth was worth 5 billion yuan. Li Fucheng was once known as “Li Jiacheng in Yanjiao”. Li Fucheng once ranked 9th in the 2016 Hurun rich list of Hebei Province and became the “richest man in Yanjiao”.
Fortune Ng Fung Food (Hebei) Co.Ltd(600965) the announcement said that Li Fucheng currently did not serve as a director or any other position of the company and did not participate in the daily operation and management of the company. The case does not involve listed companies. The listed companies operate normally. The board of directors and management of the company operate and manage around the established short-term and long-term objectives. The judgment does not involve the company, its holding subsidiaries or the business of the company, and has no impact on the operation, finance and operating performance of the company.
According to the official website of Fortune Ng Fung Food (Hebei) Co.Ltd(600965) , the company is a large-scale comprehensive enterprise integrating meat products, instant food, dairy products, catering chain, funeral services, beef cattle breeding, beef cattle slaughtering and processing. Its main products are: sour beef, Chinese sauce and brine products, Western low-temperature meat products, seasoned meat products, dishes meat products, quick-frozen food, dairy products and a series of processed products Catering chain and funeral services, with an annual output of 20000 tons of meat products and fast food products, 20000 tons of dairy products, more than 30 catering stores and more than 160000 mausoleums.
Fortune Ng Fung Food (Hebei) Co.Ltd(600965) stock price trend chart.
According to the financial report of Fortune Ng Fung Food (Hebei) Co.Ltd(600965) , the total operating revenue of the company in the first three quarters of 2021 was 984 million yuan, a year-on-year increase of 28.66%; The net profit was 148 million yuan, a year-on-year increase of 69.69%. Recently, the share price of Fortune Ng Fung Food (Hebei) Co.Ltd(600965) continued to fall sharply, closing at 6.46 yuan on January 28.
