The fellow chicken IPO adds another variable, and the chairman Shu Congxuan has taken bribes to the horse officer

Radar Finance | Editor Wu Yanrui | Deep Sea

The villagers' chickens were listed on the market. After being exposed to social security, they were also exposed to the company's chairman Shu Congxuan Xuan had previously bribed behaviors.

According to media reports in 2014, Jin Shufang, deputy director and director of the former Agricultural Committee of the Anhui Agricultural Committee of the Anhui Provincial Agricultural Committee, had had money with Shu Congxuan.

In the first half of 2011, Jin Shufang wanted to be declared as a national leading enterprise because he knew the chairman of the chicken of the villagers. In the following three years, in order to get the care of Jin Shufang, the pheasant of the villagers gave money to Jin Shufang three times, respectively before the Spring Festival in 2011, before the Spring Festival of 2012 and before the Spring Festival in 2013, a total of 30,000 yuan was given to Jin Shufang. Yuan. In this regard, the coming of Jin Shufang did not refuse.

In the Fellow ’s chicken prospectus in May 2022, the bribery incident was not disclosed." As of the signing date of this prospectus, the company's directors, supervisors, and senior managers did not have criminal proceedings. "

Lawyer Wang Weifei, a partner of Beijing Zhongwen Law Firm, told the radar Finance that there was a series of processes of a series of processes of criminal lawsuits or criminal records. If it is only recorded in the referee's document, when the judicial department does not investigate its responsibility, it cannot be determined that it has a criminal record.

Yu Shengyun, a doctor of law and the executive director of Nanjing University of Law and the executive director of Jiangsu Yicheng Law Firm, pointed out that the chicken IPO lawyer of the villagers should seriously visit the relevant judicial organs of the People's Procuratorate, the People's Court, and other relevant judicial organs to conduct due diligence with the specific case handling personnel in that year. It is confirmed whether the issuer will be held accountable for the current bribery of the issuer's current director and his work unit. Generally speaking, the CSRC also requires enterprises to explain whether the actual controller has a case of investigation due to bribery and other reasons, whether the existence of the actual controller and the corporate bribery, and whether they have caused the existence of improper benefits. The possibility of recovered related taxes or fines. Yu Shengyun believes that the IPO lawyer and sponsor should conclude that "whether the bribery matters constitute the substantive legal obstacle to the issuance of this issue". At the same time People and their subsidiaries are punished by administrative agencies or being recovered by the administrative organs due to the issuer, the controlling shareholder, the actual controller, the actual controller, and the director of the director and supervisor. Losses are subject to full compensation liability "and so on.

This time, Shu Congxuan, the chairman of the fellow chicken with bribery, was born as the founder of the company. He was born in 1962 and has a high school degree. In October 2003, Shu Congxuan opened the first store called "Fat West Old Rooster". In 2012, the old hens of Feixi made a brand upgrade and renamed "Fellow Chicken". Since then, the fellow chicken has achieved rapid expansion with the operating model of direct chain. Shu Congxuan's current company chairman, executive director of food company, executive director of agricultural and animal husbandry technology, executive director and general manager of the chicken food of the fellow, the executive director of Yuanyi Lease, Vice President of the China Hotel Association, President of Anhui Catering Industry Association, Hefei President of the Municipal Poultry Association, President of the Feixi County Chicken Association.

At present, Xuan Xuan and his wife Zhang Qiong, son Shu Xiaolong, daughter -in -law Dong Xue, and daughter Shuwen's five family members are the actual controller of the chicken of the fellow villagers.

During the new crown epidemic in early 2020, some chickens employees in the villagers jointly requested voluntary salary reduction and shared the difficulties with the company. As a result, the chairman Shu Congxuan torn the name letter, and declared: "Even if they sell a house and sell cars, they must ensure that the employees have food and have a class." Shu Congxuan was praised by netizens "good Chinese boss", and the fellow chicken It also opens the road of popularity on the entire network.

After the prospectus was made public, the phenomenon of employees did not submit social security. Some media pointed out that "In the past three years, there have been 16,000 employees in the villagers 'chickens who have not paid social security", "In order to deal with the listing, forced nearly a thousand people to leave'" ... The question of paying social security, Shu Congxuan said that the number of people who have not participated in the past three years have been added, and there are repeated calculation problems, resulting in the deviation of data from the prospectus. At the same time, he "failed to buy social security for all the members of the villagers, and felt very ashamed and blame."

According to media estimates, assuming that according to the average salary disclosed by the prospectus, the "five insurances and one gold" that the chickens of the fellow villagers should be paid in 2019 and 2020 will be more than 100 million yuan, of which the deduction after the 2020 repayment is not returned. Mother's net profit will be in a state of losses or does not meet the conditions of listing.

Since its establishment, the fellow chicken has been engaged in Chinese fast food services. It is a national chain business company that specializes in Chinese fast food. The company's brand is "Fellow Chicken". The product is dishes based on chicken, pork, beef and vegetables, rice noodles, aquatic products, etc., mainly including Fat West's old hen soup, spicy chicken miscellaneous, phoenix steamed bean rice, plum vegetable buckle meat , Onion oil chicken, bamboo shoot steamed chicken wings, chicken soup dolls, farm steamed eggs and other special dishes, as well as pasta, porridge, drinks, etc.

As of the end of 2021, the pheasant of the villagers had 991 straight stores and 82 franchise stores. The company's store network covers Anhui, Jiangsu, Hubei, Shanghai, Shenzhen, Beijing, Zhejiang and other areas.

However, the fellow chicken province is still in the loss.In 2021, 15 subsidiaries under the Chicken of the Township, in addition to the profitability of Feixi's old hens and animal husbandry technology Co., Ltd. and Feixi old hen food Co., Ltd., Hubei, Zhejiang, Jiangsu, Shanghai, Guangdong, and Beijing's wholly -owned subsidiaries are all all regions.In a state of losses, a total loss is as high as 163 million yuan.On the whole, after the epidemic in 2020, the chicken revenue in fellow villagers rose sharply and profits declined.The revenue of the fellow chicken in 2020 was 3.454 billion yuan, an increase of 20.80%from 2.859 billion yuan in 2019; the company's net profit at the same period was 105 million yuan, a decrease of 33.91%year -on -year from 159 million yuan in 2019.In 2021, the company's revenue rose by 27.18%to 4.393 billion yuan, and its net profit was 135 million yuan, which was still lower than the 2019 before the epidemic.

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