All the articles I published, only do the first creation of today's headlines, did not publish any platform again, please respect the author's creative rights, do not carry plagiarism, violators will be investigated for creative rights.
Lead:
Yanjiao, a small town just 30 kilometers from Beijing, became the stage for a legendary business empire. In this previously unknown place, a man named Li Fucheng gradually built his own business kingdom. From the initial sale of sesame oil to cattle breeding business, to real estate, catering, funeral and other fields, Li Fucheng with his outstanding business acumen and entrepreneurial courage, Fucheng Group has built Fucheng Group into a business closed loop from life to death.
However, over time, the business empire also began to show various problems and negative events. He was sentenced on suspicion of bribery of non-state officials, false invoicing, etc., and his business empire was plagued by internal control problems. This article will take an in-depth look at the rise and fall of this business empire and reveal its business legends and challenges.
Chapter 1: From small-town legend to business empire
On the commute of the North Drifter, one name cannot be ignored - Li Fucheng. Maybe you are not interested in Li Ka-shing, but you can't avoid this business legend in Yanjiao, he is like a mysterious existence and seems to be everywhere.
At 6 a.m., when most people were still sleeping, a commuter bus was already full. This inter-provincial bus 814, to be precise, its departure station is located in Li Fucheng's Fucheng real estate development project - Shangcheng Phase 5. This bus has only 8 stops, but it is closely related to Li Fucheng with 3 stops. In such a development project, Li Fucheng carried the banner of "building a house specifically for the Beipiao family", attracting waves of followers. With the ultra-low price of "down payment of 30,000 and monthly payment of 1,000", he firmly grasped the hearts of the Beipiao people, and projects such as Shangcheng and Shangcheng Youth Community have become phenomenal hot plates, and the number of people living here is innumerable.
And these real estate, like Li Fuwei, affect people's lives everywhere. In Yanjiao, a town of less than 108 square kilometers, Fucheng Real Estate can be found in almost every corner, and it has been integrated into the lives of local people and has become the cornerstone of hundreds of thousands of Beipiao. Therefore, the people of Yanjiao jokingly called Li Fu "Li Bancheng".
However, the brilliance of business always comes with risk. In recent years, Li Fucheng seems to have entered a bumpy time, and the shadow of the business empire has become more and more obvious. At the beginning of this year, the 76-year-old was sentenced to three years in prison with five years of probation on suspicion of bribery, false invoicing, and bribery by units.
At the same time, there was also an incident within Fucheng shares where the financial director disappeared. One question began to plague people: What exactly was wrong with the business legend?
Chapter 2: The Initial Path to Entrepreneurship
Li Fucheng's business legend originated from a seemingly ordinary entrepreneurial story. He was born in 1946 in a small village in Hebei. At a young age, he started a business selling sesame oil, and with his genuine products, he became famous in Sanhe. However, his business acumen did not stop there, and he discovered that the sesame sauce residue left over from the oil could be fed to cattle, so he started a cattle breeding business.
In 1987, he founded Xinglong Zhuang Fucheng Cattle Farm, which was also the predecessor of Fucheng Group. In just one year, he grew from a few cattle to 100 cattle, was known as the "King of Chinese Cattle", and was awarded the title of "National Cattle Breeding Champion" by the Ministry of Agriculture. In 2000, the domestic real estate industry began to emerge, and Fucheng's interest began to turn to real estate.
In 2002, Fucheng Real Estate Development Company was established, and he began to acquire a large amount of land bank in Yanjiao. With the slogan of "building houses for the people in the north", Fucheng Real Estate adopted the strategy of acquiring land at a large cost and at a low cost, rapid development, and rapid sales to return funds, and quickly occupied half of the Yanjiao real estate market.
In 2004, Fucheng was listed on the Shanghai Stock Exchange and became the "first stock of cattle breeding in China".
However, glory on the business path often comes with risk. As Fucheng Group expanded, his business empire began to show problems. He was acquiring Tiande
Chapter Three: The Shadow of Business Empire
However, the expansion of business empires was not all smooth sailing. The first problem is the crisis caused by the "grave real estate". On the commercial stage, Li Fucheng's real estate empire once became the pillar of his income. However, it all started to fall apart in an acquisition.
In 2018, Fucheng invested 580 million yuan to acquire the Tiande Fudi Cemetery in Shaoshan, Hunan Province, and sold part of the loss-making "ancestral business" - cattle breeding and slaughtering business.
However, the acquisition became the beginning of his business empire spiraling out of control. The acquisition involved allegations of contract fraud, and the loss of Tiande Fudi Cemetery also seriously affected the performance of Fucheng shares. From 2019 to 2021, the cumulative loss of Tiande Fudi Cemetery exceeded 3 million yuan, and the net profit of Fucheng shares was also seriously affected, and the stock price also fell by more than 70%.
At the same time, in the process of building a business empire, Li Fucheng also fell into political and business entanglements. As early as 2009, Yanjiao had a land bidding incident involving illegal bidding and trampling on the rights and interests of villagers, and Lianfu Real Estate Development Co., Ltd., which won the project in November of that year, happened to be a subsidiary of Fucheng Real Estate.
The incident has aroused widespread attention.
In addition, behind the transformation of the nature of land, it also reflects the complex relationship between government and business in commercial empires. Yanjiao's real estate market has boomed in a short period of time, but there are many violations. The Fucheng community involved the illegal change of the nature of the land, which reflects the complex relationship between government and business.
However, more serious problems are yet to come. In 2019, Fucheng Group was investigated for suspected false invoicing, and the amount involved was as high as 200 million yuan. In 2021, he was placed on file for investigation for suspected short-term trading, and it was reported that he had invested 50 million yuan, controlled the "vest account" of employees, conducted frequent stock trading, made a profit of 210,000 yuan, and was warned and fined 80,000 yuan by the relevant regulatory authorities.
In 2022, Li Fucheng's problems escalated again. In a criminal verdict, he was sentenced to three years in prison, suspended for five years, and fined 500,000 yuan for the crimes of accepting bribes by non-state functionaries, issuing false invoices, and bribery by employers. The verdict sparked speculation about the fate of his business empire.
Chapter Four: The Crisis of Control of Business Empires
Although Mr. Li has been sentenced, his grip on the business empire appears to be strong. He is deeply involved in the operation of Fucheng Group and influences the decision-making of listed companies. However, this centralized approach also lays hidden dangers for internal control for business empires.
In a recent incident, the news that Cheng Jing, the financial director of Fucheng Shares, had disappeared from contact caused widespread concern. He not only lost contact, but also left a statement claiming that he had encountered Li Fucheng's "overhead", could not perform his duties, and refused to sign the financial report. He disclosed some internal management problems, pointing out that Li Fucheng did not participate in the company's financial management in accordance with the procedures and interfered with the independence of the listed company. This incident not only revealed the contradictions within the Fucheng Group, but also highlighted the problem of internal control of the business empire.
Faced with this crisis, Li Fucheng finally accepted reconciliation. He admitted his mistake and signed the pledge.
At the same time, Cheng Jing also re-signed the confirmation opinion, eliminating the turmoil.
Chapter V: The Ups and Downs of the Business Road
In the business world, success and setbacks go hand in hand. With his entrepreneurial courage and wisdom, Li Fucheng created a legend of a business empire. However, the road to business was never easy, and he inevitably fell into various difficulties.
From selling sesame oil to raising cattle, to real estate, catering, funeral and other fields, Li Fucheng's business empire has experienced a series of ups and downs. His talent and audacity made him stand out from an ordinary person and create his own business legend.
However, this also comes with risks and shadows for business.
The successes and setbacks of business empires have made us deeply aware of the complexity and variability of the business world. On the business road, only by constantly adapting to changes and innovating can we be invincible in the competitive market.
summary
Thank you for reading and accompaniing, you can click "follow" for your hard work, so that you can continue to push such articles for you in the future. This article was only published in today's headlines, prohibiting reprinting and plagiarism on other platforms, unauthorized theft, and investigating its legal responsibility. I hope that we will work together to create a creative environment that respects intellectual property.