证券代码：600965 证券简称：福成股份 公告编号：2019-020 河北福成五丰食品股份有限公司 关于参加河北辖区上市公司 2019 年度投资者网上集体接待日活动的 公 告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 活动时间：2019 年 5 月 15 日（星期三）15:00-17:00 活动形式：网络在线交流 一、 活动类型 本公司 2018 年年度报告已于 2019 年 3 月 30 日在《中国证券报》、《上海 证券报》及上海证券交易所网站（http://www.sse.com.cn）上披露，为了进一 步与投资者进行良好的沟通，加强公司与投资者关系管理的工作，公司将参加由 中国证券监督管理委员会河北监管局组织的主题为"理性投资·沟通增信"的投 资者网上集体接待日活动。 二、 活动时间及形式 本次投资者网上集体接待日活动时间为2019年5月15日（星期三）15:00-17:00， 形式为网络在线交流。 三、参加人员 公司相关负责人员将出席本次活动，通过网络在线形式与投资者就 2018 年 年度 ...

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) [Statement on Report Truthfulness](index=3&type=section&id=Item%201.1%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management%20Guarantee%20the%20Truthfulness%2C%20Accuracy%2C%20and%20Completeness%20of%20the%20Quarterly%20Report) The company's Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or material omissions, and assume corresponding legal liabilities; this quarterly report has not been audited - Company management confirms the truthfulness, accuracy, and completeness of this quarterly report[6](index=6&type=chunk) - This company's Q1 2019 report is unaudited[6](index=6&type=chunk) [Company Overview](index=3&type=section&id=Item%20II.%20Company%20Overview) [Key Financial Data](index=3&type=section&id=Item%202.1%20Key%20Financial%20Data) In Q1 2019, the company reported modest revenue and net profit growth, but experienced a significant decline in net cash flow from operating activities 2019 Q1 Key Financial Indicators | Indicator | Current Period | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (million yuan) | 362.72 | 353.32 | 2.66% | | Net Profit Attributable to Shareholders (million yuan) | 38.80 | 36.28 | 6.95% | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains/Losses (million yuan) | 37.70 | 35.84 | 5.19% | | Net Cash Flow from Operating Activities (million yuan) | 32.99 | 49.29 | -33.07% | | Basic Earnings Per Share (yuan/share) | 0.05 | 0.04 | 25.00% | | Weighted Average Return on Net Assets (%) | 1.96% | 1.94% | Increased by 0.02 percentage points | Non-recurring Gains and Losses Items | Item | Current Period Amount (yuan) | Description | | :--- | :--- | :--- | | Government Grants | 710,000.00 | Technology innovation subsidies and special grants | | Gains/Losses from Financial Assets | 478,596.49 | Fair value changes from held-for-trading financial assets, etc | | Net Non-operating Income and Expenses | 84,059.12 | - | | Gains/Losses on Disposal of Non-current Assets | -76,313.74 | - | | Income Tax Impact | -256,888.18 | - | | **Total** | **1,106,060.52** | - | [Shareholder Information](index=5&type=section&id=Item%202.2%20Total%20Number%20of%20Shareholders%2C%20Top%20Ten%20Shareholders%2C%20and%20Top%20Ten%20Circulating%20Shareholders%20%28or%20Unrestricted%20Shareholders%29%20at%20the%20End%20of%20the%20Reporting%20Period) As of the reporting period end, the company had 19,290 shareholders, with the top shareholders, including Fucheng Investment Group, forming a significant controlling group - As of the reporting period end, the company's total number of shareholders was **19,290**[13](index=13&type=chunk) Top Three Shareholders' Shareholding Status | Shareholder Name | Number of Shares Held (million shares) | Shareholding Ratio (%) | | :--- | :--- | :--- | | Fucheng Investment Group Co., Ltd. | 290.70 | 35.51 | | Li Fucheng | 128.14 | 15.65 | | Sanhe Fusheng Investment Co., Ltd. | 73.80 | 9.01 | - Fucheng Investment Group Co., Ltd., Li Fucheng, Li Gaosheng, and Sanhe Fusheng Investment Co., Ltd. among the top ten shareholders constitute parties acting in concert[14](index=14&type=chunk) [Significant Matters](index=6&type=section&id=Item%20III.%20Significant%20Matters) [Analysis of Significant Changes in Key Financial Statement Items and Indicators](index=6&type=section&id=Item%203.1%20Significant%20Changes%20and%20Reasons%20for%20Key%20Financial%20Statement%20Items%20and%20Indicators) During the reporting period, significant changes in financial statement items included increases in other receivables and construction in progress, decreases in advances from customers and taxes payable, and a notable decline in net cash flow from operating activities - Other receivables increased by **37.29%** at period-end compared to the beginning of the period, primarily due to an increase in intercompany receivables, deposits, and petty cash[15](index=15&type=chunk) - Construction in progress increased by **33.78%** at period-end compared to the beginning of the period, mainly due to increased construction projects at the subsidiary's catering company[15](index=15&type=chunk) - Advances from customers decreased by **34.89%**, taxes payable decreased by **61.45%**, and other current assets decreased by **69.48%** at period-end compared to the beginning of the period[15](index=15&type=chunk) - Net cash flow from operating activities decreased by **33.07%** year-on-year, primarily due to an increase in other cash receipts and payments related to operating activities compared to the same period last year[15](index=15&type=chunk) [Appendix](index=8&type=section&id=Item%20IV.%20Appendix) [Financial Statements](index=8&type=section&id=Item%204.1%20Financial%20Statements) This appendix contains the company's unaudited consolidated and parent company financial statements for Q1 2019, including the balance sheet, income statement, and cash flow statement [Consolidated Balance Sheet](index=8&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2019, the company's total assets remained stable, while total liabilities decreased and equity attributable to owners of the parent company increased slightly Consolidated Balance Sheet Key Items | Item | March 31, 2019 (billion yuan) | December 31, 2018 (billion yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 2.81 | 2.81 | -0.08% | | Total Liabilities | 0.69 | 0.74 | -5.75% | | Equity Attributable to Owners of the Parent Company | 1.99 | 1.96 | 1.98% | [Parent Company Balance Sheet](index=11&type=section&id=Parent%20Company%20Balance%20Sheet) As of March 31, 2019, the parent company's total assets and liabilities showed slight increases, maintaining a relatively stable balance sheet structure Parent Company Balance Sheet Key Items | Item | March 31, 2019 (billion yuan) | December 31, 2018 (billion yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 2.79 | 2.76 | 0.95% | | Total Liabilities | 1.16 | 1.13 | 2.17% | | Total Shareholders' Equity | 1.63 | 1.63 | 0.11% | [Consolidated Income Statement](index=14&type=section&id=Consolidated%20Income%20Statement) In Q1 2019, the company achieved modest growth in total operating revenue and net profit attributable to parent company shareholders, despite a slight decrease in operating profit Consolidated Income Statement Key Items | Item | 2019 Q1 (million yuan) | 2018 Q1 (million yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 362.72 | 353.32 | 2.66% | | Operating Profit | 47.41 | 49.26 | -3.76% | | Total Profit | 47.54 | 49.43 | -3.82% | | Net Profit Attributable to Parent Company Shareholders | 38.80 | 36.28 | 6.95% | [Parent Company Income Statement](index=16&type=section&id=Parent%20Company%20Income%20Statement) In Q1 2019, the parent company's operating revenue saw a slight increase, successfully turning operating and net profit from a loss to a gain compared to the prior year Parent Company Income Statement Key Items | Item | 2019 Q1 (million yuan) | 2018 Q1 (million yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 240.00 | 234.39 | 2.40% | | Operating Profit | 1.72 | -2.84 | Turned loss into profit | | Net Profit | 1.72 | -2.80 | Turned loss into profit | [Consolidated Cash Flow Statement](index=18&type=section&id=Consolidated%20Cash%20Flow%20Statement) In Q1 2019, consolidated net cash flow from operating activities significantly decreased, with net cash outflows from both investing and financing activities, leading to a slight reduction in cash and cash equivalents Consolidated Cash Flow Statement Key Items | Item | 2019 Q1 (million yuan) | 2018 Q1 (million yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 32.99 | 49.29 | -33.07% | | Net Cash Flow from Investing Activities | -11.05 | -7.66 | - | | Net Cash Flow from Financing Activities | -22.39 | 41.50 | - | | Net Increase in Cash and Cash Equivalents | -0.68 | 82.45 | - | [Parent Company Cash Flow Statement](index=20&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In Q1 2019, the parent company demonstrated strong growth in net cash flow from operating activities, resulting in a substantial increase in cash and cash equivalents Parent Company Cash Flow Statement Key Items | Item | 2019 Q1 (million yuan) | 2018 Q1 (million yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 62.64 | 6.98 | 797.3% | | Net Cash Flow from Investing Activities | -4.74 | -7.14 | - | | Net Cash Flow from Financing Activities | -2.23 | 41.50 | - | | Net Increase in Cash and Cash Equivalents | 55.66 | 41.34 | 34.6% |

河北福成五丰食品股份有限公司 2018 年年度报告 公司代码：600965 公司简称：福成股份 河北福成五丰食品股份有限公司 2018 年年度报告 1 / 178 河北福成五丰食品股份有限公司 2018 年年度报告 重要提示 三、 北京永拓会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人李高生、主管会计工作负责人程静及会计机构负责人（会计主管人员）张晶声明： 保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司拟以 2018 年度末总股本 818,700,955 股为基数，向全体股东每 10 股派现金红利 1.5 元 （含税），合计分配现金红利 122,805,143.25 元，剩余未分配利润结转以后年度分配。 本年度无资本公积金转增股本方案。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质性承诺，请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大 ...

河北福成五丰食品股份有限公司 2018 年第三季度报告 公司代码：600965 公司简称：福成股份 河北福成五丰食品股份有限公司 2018 年第三季度报告 二〇一八年十月 1 / 20 $$\mathbb{H}\;\;{\overline{{\exists\mathbb{K}}}}$$ | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 河北福成五丰食品股份有限公司 2018 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人李高生、主管会计工作负责人程静及会计机构负责人（会计主管人员）张晶保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | | 上年度末 | ...

河北福成五丰食品股份有限公司 2018 年半年度报告 公司代码：600965 公司简称：福成股份 河北福成五丰食品股份有限公司 2018 年半年度报告 二〇一八年八月 1 / 126 河北福成五丰食品股份有限公司 2018 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人李高生、主管会计工作负责人程静及会计机构负责人（会计主管人员）张晶声明： 保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 本报告期，公司不进行利润分配和公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细 ...

河北福成五丰食品股份有限公司 2018 年第一季度报告 公司代码：600965 公司简称：福成股份 河北福成五丰食品股份有限公司 2018 年第一季度报告 1 / 18 | 一、重要提示 | 3 | | --- | --- | | 二、公司基本情况 | 3 | | 三、重要事项 | 6 | | 四、附录 | 8 | 河北福成五丰食品股份有限公司 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末 | | --- | --- | --- | --- | | | | | 增减(%) | | 总资产 | 2,451,333,739.55 | 2,411,598,153.38 | 1.65 | | 归属于上市公司 | 1,889,933,000.26 | 1,853,653,326.25 | 1.96 | | 股东的净资产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | 经营活动产生的 | 49,294,873.38 | 38,972,293.40 | ...

河北福成五丰食品股份有限公司 2017 年年度报告 公司代码：600965 公司简称：福成股份 河北福成五丰食品股份有限公司 2017 年年度报告 1 / 164 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司拟以 2017 年度末总股本 818,700,955 股为基数，向全体股东每 10 股派现金红利 0.7 元 （含税），合计分配现金红利 57,309,066.85 元，剩余未分配利润结转以后年度分配。 本年度无资本公积金转增股本方案。 六、 前瞻性陈述的风险声明 √适用 □不适用 河北福成五丰食品股份有限公司 2017 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 董事 | 李依霖 | 因公外出未能出席 | 无 | 三、 北京永拓会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审 ...

[Important Notice](index=3&type=section&id=I.%20Important%20Notice) [Management Statement](index=3&type=section&id=1.1%20Company%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management%20Guarantee%20the%20Truthfulness%2C%20Accuracy%2C%20and%20Completeness%20of%20the%20Quarterly%20Report%20Content) Management guarantees the truthfulness and completeness of this unaudited quarterly report, assuming legal responsibility - Company management guarantees the truthfulness, accuracy, and completeness of this quarterly report and assumes legal responsibility[8](index=8&type=chunk) - This company's Q3 2017 report is unaudited[8](index=8&type=chunk) [Basic Company Information](index=3&type=section&id=II.%20Basic%20Company%20Information) [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) As of Sep 30, 2017, total assets were 2.31 billion yuan (down 11.27%), and Q1-Q3 net profit was 119 million yuan Key Financial Data for Q1-Q3 2017 | Indicator | Q1-Q3 2017 | Year-on-year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1.004 billion yuan | -2.23% | | Net Profit Attributable to Shareholders of the Listed Company | 119.35 million yuan | -18.99% | | Net Cash Flow from Operating Activities | 130.72 million yuan | 55.77% | | Basic Earnings Per Share (yuan/share) | 0.15 | -16.67% | | Weighted Average Return on Net Assets (%) | 6.67% | Decreased by 2.30 percentage points | | **Balance Sheet Items** | **September 30, 2017** | **Change from End of Previous Year (%)** | | Total Assets | 2.309 billion yuan | -11.27% | | Net Assets Attributable to Shareholders of the Listed Company | 1.816 billion yuan | 3.54% | - In Q1-Q3 2017, the company's non-recurring gains and losses totaled **2.93 million yuan**, primarily from **4.62 million yuan** in government grants[9](index=9&type=chunk) [Shareholder Shareholding Information](index=4&type=section&id=2.2%20Total%20Number%20of%20Shareholders%2C%20Top%20Ten%20Shareholders%2C%20and%20Top%20Ten%20Circulating%20Shareholders%20(or%20Shareholders%20with%20Unlimited%20Sale%20Conditions)%20Shareholding%20Table%20as%20of%20the%20End%20of%20the%20Reporting%20Period) The company had 23,316 shareholders, with top three holding significant stakes and substantial pledged shares by major entities - As of the end of the reporting period, the company had **23,316** shareholders[10](index=10&type=chunk) Top Three Shareholders' Shareholding Information | Shareholder Name | Shareholding Percentage (%) | Share Status | | :--- | :--- | :--- | | Fucheng Investment Group Co., Ltd. | 35.51 | Pledged 290,601,200 shares | | Li Fucheng | 15.65 | None | | Sanhe Fusheng Investment Co., Ltd. | 9.01 | Pledged 73,795,393 shares | - Among the top ten shareholders with unlimited sale conditions, Li Fucheng, Li Gaosheng, and Sanhe Fusheng Investment Co., Ltd. are parties acting in concert[11](index=11&type=chunk) [Significant Matters](index=5&type=section&id=III.%20Significant%20Matters) [Analysis of Significant Changes in Key Accounting Items and Financial Indicators](index=5&type=section&id=3.1%20Circumstances%20and%20Reasons%20for%20Significant%20Changes%20in%20the%20Company's%20Key%20Accounting%20Statement%20Items%20and%20Financial%20Indicators) The company experienced significant changes in key balance sheet items, primarily driven by debt repayments and inter-group borrowings - Cash and cash equivalents decreased by **39.55%** from the beginning of the period, primarily due to repayment of bank borrowings during the reporting period[14](index=14&type=chunk) - Short-term borrowings decreased by **57.49%** and notes payable by **55.55%** from the beginning of the period, mainly due to repayment of matured bank loans and bank acceptance bills[14](index=14&type=chunk) - Taxes payable decreased by **53.46%** from the beginning of the period, mainly due to a reduction in corporate income tax and VAT payable at period-end[14](index=14&type=chunk) - Other payables increased by **53.48%** from the beginning of the period, primarily due to an increase in inter-group borrowings[14](index=14&type=chunk) [Performance Forecast](index=8&type=section&id=3.4%20Warning%20and%20Explanation%20Regarding%20Potential%20Loss%20or%20Significant%20Change%20in%20Accumulated%20Net%20Profit%20from%20the%20Beginning%20of%20the%20Year%20to%20the%20End%20of%20the%20Next%20Reporting%20Period) No warnings were issued regarding potential losses or significant changes in accumulated net profit for the next reporting period - The company has not issued a significant change warning regarding accumulated net profit from the beginning of the year to the end of the next reporting period[17](index=17&type=chunk) [Appendix](index=9&type=section&id=IV.%20Appendix) [Financial Statements](index=9&type=section&id=4.1%20Financial%20Statements) This appendix provides the company's unaudited consolidated and parent company financial statements [Consolidated Balance Sheet](index=9&type=section&id=Consolidated%20Balance%20Sheet) Consolidated total assets decreased by 11.27% to 2.31 billion yuan, with total liabilities down 41.96% to 491 million yuan Consolidated Balance Sheet Summary (September 30, 2017) | Item | Period-end Balance (yuan) | Beginning-of-year Balance (yuan) | | :--- | :--- | :--- | | Total Assets | 2,309,246,287.12 | 2,602,546,027.60 | | Total Liabilities | 491,480,694.22 | 846,736,055.30 | | Total Owners' Equity Attributable to Parent Company | 1,816,448,140.38 | 1,754,404,347.21 | [Parent Company Balance Sheet](index=11&type=section&id=Parent%20Company%20Balance%20Sheet) As of September 30, 2017, parent company total assets were 2.55 billion yuan, with liabilities at 1.17 billion yuan Parent Company Balance Sheet Summary (September 30, 2017) | Item | Period-end Balance (yuan) | Beginning-of-year Balance (yuan) | | :--- | :--- | :--- | | Total Assets | 2,550,068,897.89 | 2,608,663,724.57 | | Total Liabilities | 1,174,034,402.59 | 1,174,860,226.38 | | Total Owners' Equity | 1,376,034,495.30 | 1,433,803,498.19 | [Consolidated Income Statement](index=14&type=section&id=Consolidated%20Income%20Statement) Consolidated operating revenue for Q1-Q3 2017 was 1.00 billion yuan, with net profit attributable to parent company owners at 119 million yuan Consolidated Income Statement Summary (January-September 2017) | Item | Amount from Beginning of Year to End of Reporting Period (yuan) | Amount from Beginning of Previous Year to End of Reporting Period (yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 1,004,330,940.34 | 1,027,196,252.45 | | Total Operating Costs | 856,202,864.14 | 869,932,189.15 | | Total Profit | 160,793,013.57 | 185,863,765.48 | | Net Profit Attributable to Parent Company Owners | 119,352,860.02 | 147,334,665.89 | [Parent Company Income Statement](index=17&type=section&id=Parent%20Company%20Income%20Statement) Parent company operating revenue for Q1-Q3 2017 was 623 million yuan, resulting in a net loss of 460 thousand yuan, reversing prior year's profit Parent Company Income Statement Summary (January-September 2017) | Item | Amount from Beginning of Year to End of Reporting Period (yuan) | Amount from Beginning of Previous Year to End of Reporting Period (yuan) | | :--- | :--- | :--- | | Operating Revenue | 622,817,394.53 | 630,082,089.82 | | Operating Profit | -140,493.68 | 6,723,247.45 | | Net Profit | -459,936.04 | 34,355,067.84 | [Consolidated Cash Flow Statement](index=18&type=section&id=Consolidated%20Cash%20Flow%20Statement) Net cash flow from operating activities for Q1-Q3 2017 was 131 million yuan (up 55.77%), with outflows from investing and financing activities Consolidated Cash Flow Statement Summary (January-September 2017) | Item | Amount from Beginning of Year to End of Reporting Period (yuan) | Amount from Beginning of Previous Year to End of Reporting Period (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 130,720,211.50 | 83,919,446.51 | | Net Cash Flow from Investing Activities | -48,008,808.55 | -66,202,818.98 | | Net Cash Flow from Financing Activities | -138,862,634.17 | 451,531,787.97 | | Net Increase in Cash and Cash Equivalents | -56,340,321.05 | 469,724,259.22 | [Parent Company Cash Flow Statement](index=20&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) Parent company net cash flow from operating activities for Q1-Q3 2017 was 379 million yuan, with outflows from investing and financing activities Parent Company Cash Flow Statement Summary (January-September 2017) | Item | Amount from Beginning of Year to End of Reporting Period (yuan) | Amount from Beginning of Previous Year to End of Reporting Period (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 378,807,330.93 | 92,737,522.84 | | Net Cash Flow from Investing Activities | -26,748,274.95 | -83,146,868.78 | | Net Cash Flow from Financing Activities | -248,627,134.17 | 325,987,287.97 | [Audit Report](index=21&type=section&id=4.2%20Audit%20Report) This quarterly financial report has not been audited - The report explicitly states that this quarterly report is unaudited[43](index=43&type=chunk)

[Definitions](index=4&type=section&id=Item%201.%20Definitions) This section provides definitions for key terms and abbreviations used throughout the report [Company Profile and Key Financial Indicators](index=5&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information and its key financial performance and indicators [Company Basic Information](index=5&type=section&id=I.%20Company%20Information) This section outlines the basic information of Hebei Fucheng Wufeng Food Co., Ltd., including its name, legal representative, and contact details - The company's Chinese name is Hebei Fucheng Wufeng Food Co., Ltd., with stock abbreviation **Fucheng Shares** and stock code **600965**[17](index=17&type=chunk)[21](index=21&type=chunk) [Key Financial Data and Indicators](index=6&type=section&id=VI.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In H1 2017, operating revenue decreased by **8.60%** to **RMB 621 million**, and net profit attributable to the parent declined by **22.86%** to **RMB 65.53 million**, while operating cash flow increased by **42.51%** | Key Accounting Data | Current Period (Jan-Jun) (RMB) | Prior Year Period (RMB) | Current Period vs. Prior Year Period Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 620,775,343.64 | 679,171,550.48 | -8.60% | | Net Profit Attributable to Parent Company Shareholders | 65,525,512.41 | 84,939,197.23 | -22.86% | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Gains/Losses) | 64,052,064.36 | 84,840,935.48 | -24.50% | | Net Cash Flow from Operating Activities | 63,972,632.80 | 44,890,014.11 | 42.51% | | **Asset Status** | **End of Current Period (RMB)** | **End of Prior Year (RMB)** | **End of Current Period vs. End of Prior Year Change (%)** | | Net Assets Attributable to Parent Company Shareholders | 1,762,620,792.77 | 1,754,404,347.21 | 0.47% | | Total Assets | 2,207,813,410.83 | 2,602,546,027.60 | -15.17% | | Key Financial Indicators | Current Period (Jan-Jun) | Prior Year Period | Current Period vs. Prior Year Period Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | 0.08 | 0.10 | -20.00% | | Diluted Earnings Per Share (RMB/share) | 0.08 | 0.10 | -20.00% | | Weighted Average Return on Net Assets (%) | 3.69 | 5.09 | Decrease of 1.40 percentage points | - During the reporting period, total non-recurring gains and losses amounted to **RMB 1.47 million**, primarily comprising **RMB 4.62 million** in government subsidies and **RMB -3.24 million** in other non-operating income and expenses[26](index=26&type=chunk)[27](index=27&type=chunk) [Business Overview](index=7&type=section&id=Item%203.%20Business%20Overview) This section provides an overview of the company's main business segments, operating model, and industry landscape [Main Business, Operating Model, and Industry Overview](index=7&type=section&id=I.%20Main%20Business%2C%20Operating%20Model%2C%20and%20Industry%20Overview) The company operates four main business segments: livestock breeding and slaughter, food processing, catering, and funeral services, with a focus on direct sales and future M&A in the funeral sector - The company's main business has formed four segments: **livestock breeding and slaughter, food processing, catering services, and funeral services**[29](index=29&type=chunk) - The company's operating model covers a complete industry chain from livestock breeding to catering services, with both catering and cemetery businesses adopting a **direct sales model** to control quality and service[30](index=30&type=chunk) - The funeral service industry, a new business, exhibits strong local characteristics and competitiveness, benefiting from the Beijing-Tianjin-Hebei integration strategy, with **peer M&A** being a key focus for future growth[33](index=33&type=chunk) [Core Competitiveness Analysis](index=8&type=section&id=III.%20Analysis%20of%20Core%20Competitiveness) The company's core competitiveness stems from its integrated beef cattle to catering supply chain, "Fucheng" brand, strategic Beijing-Tianjin-Hebei location, and unique position as an A-share funeral business - The company has established a **complete industry chain** from beef cattle breeding, slaughtering, and food processing to catering services, including a high-quality beef cattle breeding base in Australia[34](index=34&type=chunk) - The company holds the **"Fucheng" China Well-known Trademark** and maintains long-term strategic partnerships with major clients like McDonald's and KFC[36](index=36&type=chunk) - Strategically located in Yanjiao, Hebei, **35 kilometers from Beijing**, the company benefits from a superior geographical position and efficient logistics distribution[37](index=37&type=chunk) - As the **sole A-share company with funeral services**, this segment has become a new hallmark, offering significant industry advantages and capital market recognition[38](index=38&type=chunk) [Discussion and Analysis of Operations](index=9&type=section&id=Item%204.%20Discussion%20and%20Analysis%20of%20Operations) This section provides a detailed discussion and analysis of the company's operational performance, including revenue, profit, and cash flow [Overview of Operations](index=9&type=section&id=I.%20Overview%20of%20Operations) Total revenue declined **8.6%** to **RMB 621 million** and net profit fell **22.86%** to **RMB 65.53 million** due to industry headwinds, while funeral services revenue grew **15.47%**, and the company initiated an employee stock ownership plan | Financial Indicators | H1 2017 (RMB 10,000) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Total Operating Revenue | 62,077.53 | -8.6% | | Net Profit Attributable to Parent Company | 6,552.55 | -22.86% | | Business Segment | Operating Revenue (RMB 10,000) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Livestock Slaughter and Food Processing | 38,023.35 | -7.92% | | Catering Services | 13,450.47 | -25.17% | | Funeral Services | 10,878.81 | +15.47% | - The company launched its first employee stock ownership plan, acquiring **9,051,291 shares** (representing **1.11%** of total share capital) in the secondary market through a trust, with a transaction value of approximately **RMB 114 million**[41](index=41&type=chunk) [Main Business Analysis](index=10&type=section&id=(I.)%20Main%20Business%20Analysis) Operating revenue decreased **8.60%** due to declines in livestock and catering, offset by **15.47%** growth in funeral services, while financial expenses surged **72.70%** and operating cash flow improved **42.51%** | Account | Current Period Amount (RMB) | Prior Year Period Amount (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 620,775,343.64 | 679,171,550.48 | -8.60 | | Operating Cost | 391,492,987.29 | 406,443,573.63 | -3.68 | | Financial Expenses | 6,188,510.62 | 3,583,438.41 | 72.70 | | Net Cash Flow from Operating Activities | 63,972,632.80 | 44,890,014.11 | 42.51 | | Net Cash Flow from Financing Activities | -130,728,035.17 | 137,271,694.61 | -195.23 | - The decline in operating revenue was primarily driven by reduced income from the **livestock industry (-6.93%)** and **catering industry (-25.73%)**, partially offset by a **15.47% increase** in funeral services revenue[43](index=43&type=chunk) - Financial expenses increased by **72.70%** year-on-year, primarily due to higher interest expenses from increased parent company financing and the impact of loan interest and exchange differences from the Australian subsidiary[50](index=50&type=chunk) - Net cash flow from financing activities decreased by **195.23%** year-on-year, primarily due to reduced cash received from borrowings and increased cash paid for debt repayment[53](index=53&type=chunk) [Analysis of Assets and Liabilities](index=13&type=section&id=(III.)%20Analysis%20of%20Assets%20and%20Liabilities) As of the reporting period end, total assets decreased **15.17%** to **RMB 2.21 billion**, and total liabilities significantly dropped **47.58%** to **RMB 444 million**, driven by reduced monetary funds and repayment of short-term debt | Item Name | End of Current Period (RMB) | Change from Prior Period End (%) | Main Reason | | :--- | :--- | :--- | :--- | | Monetary Funds | 450,373,173.11 | -44.57 | Repayment of bank loans | | Construction in Progress | 13,284,463.94 | 33.83 | Increase in headquarters construction projects | | Short-term Borrowings | 100,000,000.00 | -57.49 | Bank loans repaid at maturity | | Notes Payable | 160,020,000.00 | -55.55 | Bank acceptance bills matured and paid | | Taxes Payable | 13,414,058.68 | -75.58 | Decrease in corporate income tax, VAT, etc. | | **Total** | | | | | Total Assets | 2,207,813,410.83 | -15.17 | | | Total Liabilities | 443,841,606.80 | -47.58 | | [Analysis of Major Holding and Participating Companies](index=15&type=section&id=(VI.)%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Sanhe Lingshan Baota Cemetery, the funeral business subsidiary, was the primary profit driver with **RMB 61.05 million** net profit, while Fucheng Fat Beef Catering reported **RMB 8.95 million** net profit | Unit Name | Net Assets (RMB 10,000) | Operating Revenue (RMB 10,000) | Net Profit (RMB 10,000) | | :--- | :--- | :--- | :--- | | Fucheng Fat Beef Catering Management Co., Ltd. | 39,539.53 | 13,450.47 | 895.39 | | Sanhe Lingshan Baota Cemetery Co., Ltd. | 83,073.29 | 10,878.81 | 6,105.03 | | Fucheng Australia Investment Holding Co., Ltd. | 29,342.66 | 424.07 | 17.43 | [Risk Analysis](index=15&type=section&id=(II.)%20Potential%20Risks) The company faces business risks including beef cattle epidemics, resource shortages, food safety, and price volatility, alongside governance risks from major shareholder control and strategic risks from diversified operations and overseas investments - Operating risks include **beef cattle epidemics, resource shortages, food safety, and market price volatility**[57](index=57&type=chunk)[58](index=58&type=chunk)[59](index=59&type=chunk) - Governance and strategic risks include **control risk from the major shareholder (Fucheng Investment Group) with 35.51% ownership**, management challenges from **diversified operations (new cemetery business)**, and **overseas investment uncertainties** in Australia, such as political, legal, and exchange rate risks[59](index=59&type=chunk)[60](index=60&type=chunk)[61](index=61&type=chunk) [Significant Matters](index=17&type=section&id=Item%205.%20Significant%20Matters) This section details significant events and decisions, including shareholder meetings, commitment fulfillment, and related party transactions [Shareholder Meeting Information](index=17&type=section&id=I.%20Overview%20of%20Shareholder%20Meetings) The company held three shareholder meetings during the period, approving the 2016 annual report, profit distribution, establishment of M&A funds, and the first employee stock ownership plan - The company convened its **2016 Annual General Meeting** and the **first and second extraordinary general meetings** in H1 2017[64](index=64&type=chunk) - Key resolutions included approving the establishment of **Fucheng Hehui Phase II and Fucheng Guanyue Industrial M&A Funds**, and adopting the draft of the **first employee stock ownership plan**[65](index=65&type=chunk) [Fulfillment of Commitments](index=18&type=section&id=III.%20Fulfillment%20of%20Commitments) The company and related parties strictly fulfilled all commitments from the major asset restructuring, including share lock-up, profit forecasts, and resolutions for horizontal competition and property defects - Controlling shareholder Fucheng Group committed to a **36-month lock-up period** for its subscribed shares, effective from July 21, 2015, following the major asset restructuring[67](index=67&type=chunk) - Fucheng Group committed to the non-recurring net profit of the target asset (Baota Cemetery) for 2014-2018, with committed values of **RMB 122.40 million** for 2017 and **RMB 146.88 million** for 2018[67](index=67&type=chunk) [Equity Incentive and Employee Stock Ownership Plans](index=20&type=section&id=IX.%20Status%20and%20Impact%20of%20Company%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company launched its first employee stock ownership plan, which has acquired **9,051,291 shares**, representing **1.11%** of total share capital, with a transaction value of approximately **RMB 114 million** - The company launched and received shareholder approval for its **first employee stock ownership plan**[70](index=70&type=chunk) - The employee stock ownership plan acquired **9,051,291 shares**, representing **1.11%** of total share capital, at an average price of **RMB 12.548 per share**[41](index=41&type=chunk) [Significant Related Party Transactions](index=21&type=section&id=X.%20Significant%20Related%20Party%20Transactions) The company engaged in minor related party transactions for daily operations, including goods and services, and maintained intercompany receivables and payables with controlled subsidiaries and other affiliates | Related Party Transaction Type | Related Party | Transaction Content | Amount (RMB) | | :--- | :--- | :--- | :--- | | Sale of Goods/Provision of Services | Fucheng Grand Hotel | Beef, dairy products, etc. | 495,178.49 | | Acceptance of Services | Fucheng Grand Hotel | Catering, accommodation | 14,934.00 | | Intercompany Transaction Type | Related Party | Period-End Balance (RMB) | | :--- | :--- | :--- | | Funds Provided by Related Party | Fucheng Qingshan Co., Ltd. | 15,047,100.00 | | Funds Provided to Related Party | Fucheng Real Estate, etc. | 1,087,516.32 | [Share Changes and Shareholder Information](index=23&type=section&id=Item%206.%20Changes%20in%20Ordinary%20Shares%20and%20Shareholder%20Information) This section provides an overview of changes in ordinary share capital and the company's shareholder structure [Shareholder Information](index=24&type=section&id=II.%20Shareholder%20Information) As of the reporting period end, the company had **26,310 shareholders**, with Fucheng Investment Group (35.51% restricted shares) and Li Fucheng (15.65%) as the top two, and several top ten shareholders having pledged shares - As of the end of the reporting period, the company had a total of **26,310 ordinary share shareholders**[79](index=79&type=chunk) | Shareholder Name | Number of Shares Held | Percentage (%) | Number of Restricted Shares | Pledged or Frozen Status | | :--- | :--- | :--- | :--- | :--- | | Fucheng Group | 290,697,674 | 35.51 | 290,697,674 | Pledged 290,601,200 | | Li Fucheng | 128,137,155 | 15.65 | 0 | None | | Fusheng Investment | 73,795,393 | 9.01 | 0 | Pledged 73,795,393 | - Controlling shareholder Fucheng Group holds **290,697,674 restricted shares** from subscription, which are scheduled for release on **July 21, 2018**[78](index=78&type=chunk) [Directors, Supervisors, and Senior Management](index=26&type=section&id=Item%208.%20Information%20on%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) This section provides information on the company's directors, supervisors, and senior management, including any changes during the period [Changes in Directors, Supervisors, and Senior Management](index=26&type=section&id=II.%20Changes%20in%20Company%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, the Board of Directors saw Mr. Li Fucheng replaced by Ms. Li Yilin, and the Supervisory Board had Mr. Hu Yongqiang succeeded by Ms. Ge Meng | Name | Position Held | Change Type | | :--- | :--- | :--- | | Li Fucheng | Director | Resignation | | Hu Yongqiang | Employee Supervisor | Resignation | | Li Yilin | Director | Appointment | | Ge Meng | Employee Supervisor | Appointment | [Financial Report](index=27&type=section&id=Item%2010.%20Financial%20Report) This section presents the company's financial statements, including balance sheets, income statements, and cash flow statements, along with detailed notes [Financial Statements](index=27&type=section&id=II.%20Financial%20Statements) As of June 30, 2017, total assets were **RMB 2.21 billion** and equity attributable to parent was **RMB 1.76 billion**, with H1 2017 operating revenue at **RMB 621 million** (-8.6%) and net profit at **RMB 65.53 million** (-22.86%), while operating cash flow significantly improved to **RMB 63.97 million** Key Items from Consolidated Balance Sheet (2017-06-30) | Item | Period-End Balance (RMB) | Period-Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 2,207,813,410.83 | 2,602,546,027.60 | | Total Liabilities | 443,841,606.80 | 846,736,055.30 | | Total Equity Attributable to Parent Company Owners | 1,762,620,792.77 | 1,754,404,347.21 | Key Items from Consolidated Income Statement (Jan-Jun 2017) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 620,775,343.64 | 679,171,550.48 | | Operating Profit | 84,747,164.42 | 109,787,921.78 | | Net Profit Attributable to Parent Company Owners | 65,525,512.41 | 84,939,197.23 | | Basic Earnings Per Share (RMB/share) | 0.08 | 0.10 | Key Items from Consolidated Cash Flow Statement (Jan-Jun 2017) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 63,972,632.80 | 44,890,014.11 | | Net Cash Flow from Investing Activities | -30,267,731.03 | -28,796,052.33 | | Net Cash Flow from Financing Activities | -130,728,035.17 | 137,271,694.61 | [Notes to Consolidated Financial Statements](index=72&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statements) Notes to financial statements detail account compositions, highlighting **RMB 255 million** in inventory development costs, **RMB 100 million** in guaranteed borrowings, **RMB 160 million** in notes payable, and the **funeral business** as the primary profit contributor among four segments - Period-end inventory book value was **RMB 568 million**, with **development costs (unfinished cemetery plot costs)** of **RMB 255 million** representing the largest component[252](index=252&type=chunk) - The company's operations are segmented into **livestock breeding and food processing, catering, funeral services, and overseas business**, with the **funeral services segment** holding **RMB 1.147 billion** in total assets and contributing the majority of profits[390](index=390&type=chunk)[391](index=391&type=chunk) - The company has significant operating lease commitments, with total minimum future lease payments amounting to **RMB 96.53 million**[386](index=386&type=chunk) [Other Significant Matters](index=110&type=section&id=XIII.%20Other%20Significant%20Matters) The company ceased operations of **5 catering branches**, incurring a **RMB 290,500 loss**, and disclosed that a **359-mu portion of subsidiary Baota Cemetery's land lacks a state-owned land use certificate** but has confirmed usage rights until 2047 - During the reporting period, the company ceased operations of **5 catering branches**, resulting in a total loss of **RMB 290,500** from these discontinued operations[388](index=388&type=chunk) - Subsidiary Sanhe Lingshan Baota Cemetery utilizes **359 mu of barren mountain land** without a state-owned land use certificate, but has secured confirmed paid usage rights from the municipal government until **September 1, 2047**[394](index=394&type=chunk) [Documents for Reference](index=121&type=section&id=Item%2011.%20Documents%20for%20Reference) This section provides a list of all supporting documents available for inspection

河北福成五丰食品股份有限公司 2017 年第一季度报告 公司代码：600965 公司简称：福成股份 河北福成五丰食品股份有限公司 2017 年第一季度报告 1 / 17 | 一、 重要提示 | | 3 | | --- | --- | --- | | 二、 公司基本情况 | | 3 | | 三、 重要事项 | | 5 | | 四、 附录 | | 7 | 河北福成五丰食品股份有限公司 2017 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 河北福成五丰食品股份有限公司 2017 年第一季度报告 单位：元 币种：人民币 | 项 目 | 本期金额 | 说 | 明 | | --- | --- | --- | --- | | 非流动资产处置损益 | 226,685.31 | | | | 计入当期损益的政府补助，但与公司正常经 营业务密切相关，符合国家政策规定、按照 | 110,000.00 | 林草种植奖励款 | 110,000.00 元 | | 一定标准定额或定量持续享受的政府补助 | | | | | 除外 | | | | | 除上述各项之外的其他营业外收入和支出 | ...