V Guan Finance Report ｜ Li Fucheng, the actual controller of Fucheng Co., Ltd., is publicly condemned!Major internal control depository defects

Zhongxin Jingwei, June 23rd. According to the Shanghai Stock Exchange website on the 23rd, due to major defects such as company governance and internal control independence, the actual controller of the Shanghai Stock Exchange to Hebei Fusheng Wulin Food Co., Ltd. Li Fucheng and then the financial director Cheng Jingyu publicly condemned; Li Liang, the chairman and general manager of Hebei Fucheng Wufeng Food Co., Ltd., and then secretary of the board of directors Deng Chonghui.

The disciplinary sanction decision ([2022] No. 82) disclosed by the Shanghai Stock Exchange shows that the Hebei Fucheng Wulin Food Co., Ltd. and the actual controller Li Focheng have the following violations in terms of standardized operation and information disclosure.

(1) There are major defects in the company's internal control and have not been truthfully disclosed.

On May 12, 2022, the company disclosed the regulatory work letter of the annual report.

First, Li Fucheng, one of the actual controller of the company, has not served as a director and any other position in the company. There are situations that have not directly participated in the company's major decision -making, business management and personnel appointment and removal in accordance with the company's procedure system. Putting cattle purchases, borrowing the borrowing of borrowing of bidding for the shareholders, the participation of the company's cattle raising business planning and actual cattle raising process, the arrangement of the controlling shareholders to participate in the procurement and expense payment approval, and the screening of important managers of listed companies.

Second, lack of sufficient attention to internal control audit work. There are internal control problems in the process of living cattle procurement business, which may lead to damage or procurement costs of procurement funds. The third is that financial aspects have not maintained independence with the controlling shareholders. According to the facts of administrative supervision measures, the company's actual controller Li Fucheng interfere with the company's production and management and financial and accounting activities in violation of regulations. There are major defects in the independence of internal control, but the company has not disclosed truthfully in the 2021 annual report and the 2021 internal control evaluation report.

(2) At that time, the chief financial officer could not guarantee the company's 2021 annual report content, accurate, and complete, but did not express opinions and state reasons in writing confirmation in writing in writing.

On April 29, 2022, the company disclosed the annual report of 2021 and the first quarter of 2022 that in addition to the time of the financial director Cheng Jing, the company's board of directors, supervisors and directors, supervisors, and senior management guarantees the content of the annual and quarterly reports of the annual and quarterly reports. Real, accurate, and complete, there are no false records, misleading statements, or major omissions, and bear individual and joint legal responsibility. At that time, Cheng Jing, the financial director, did not sign a written confirmation opinion of relevant regular reports in accordance with relevant regulations, and did not publish a clear, sufficient and specific objection to the regular reports and stated the reasons.

Until May 12, 2022, Cheng Jing disclosed in the announcement of the regulatory work letter of the annual reporting matters that there was still a business activity that had a great impact on the company's regular reporting financial data before reviewing the annual report (2021 live cattle procurement procurement ) Li Fucheng did not verify clearly, and the actual controller Li Fucheng did not participate in the company's financial management and other business activities in accordance with the company's governance and management procedures. Therefore When disclosing regular reports, Cheng Jing has been in a state of loss. The company's announcement also shows that the main reason for the written confirmation opinions of the company's regular reports on a regular report has been eliminated. Cheng Jing made a written confirmation opinion to ensure that the company's 2021 annual report and the first quarter report of the 2022 report are true, accurate, accurate ,whole.

In summary, the Shanghai Stock Exchange made the following disciplinary decision: Li Fucheng, the actual controller of Hebei Fucheng Wulin Food Co., Ltd., and Cheng Jing, then financial director Cheng Jing, publicly condemned; General Manager Li Liang and then secretary of the board of directors Deng Chonghui reported criticism.

The Shanghai Stock Exchange stated that the above -mentioned disciplinary sanctions will be notified of the China Securities Regulatory Commission and the People's Government of Hebei Province, and will be recorded in the integrity file of listed companies.

According to the data, since the listing of Fucheng in 2004, the main business has been slaughtered and food processing for animal husbandry farming in the early stage. After completing the mergers and acquisitions of Fucheng Catering in 2013, the main business has added catering services. In 2014 The company's business content has added operating cemeteries. At this point, the company has formed a multi -business pattern of animal husbandry breeding, slaughtering and food processing industries, catering service industries, and funeral service industries.

According to the financial report, in 2021, Forte's operating income was 1.269 billion yuan, and net profit attributable to shareholders of listed companies was 150 million yuan, an increase of 16.77%and 24.49%year -on -year. In the first quarter of 2022, the company's operating income was 320 million yuan, an increase of 11.17%year -on -year; net profit was 53.3871 million yuan, a year -on -year increase of 61.93%. (Zhongxin Jingwei APP)

Pay attention to the official WeChat public account of JWVIEW (JWVIEW) to get more elite financial information.

- END -