Based on the meanings explained by the Salaf, and the Ahlus Sunnah (Ash'ari & Maturidi) scholars.
112 – Surah Al-Ikhlas
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بِسۡمِ ٱللَّهِ ٱلرَّحۡمَٰنِ ٱلرَّحِيمِ
(قُلۡ هُوَ ٱللَّهُ أَحَدٌ (١) ٱللَّهُ ٱلصَّمَدُ (٢
(لَمۡ يَلِدۡ وَلَمۡ يُولَدۡ (٣) وَلَمۡ يَكُن لَّهُۥ كُفُوًا أَحَدُۢ (٤
Beginning with the Name of Allah, The Most Gracious, The Most Merciful 
- You say: He is Allah; He is One. 
- He, Allah, is Eternally Absolutely Sovereign. 
- He begat NO offspring , neither is He begotten to anyone. 
- Neither is anyone like unto Him.
FOOTNOTES: Beginning with the Name of Allah, The Most Gracious, The Most Merciful
 – Surah Al-Ikhlas is Makkan and according to some Medinan. It contains 1 ruku’, 4 or 5 verses, 15 words, and 47 characters. A lot of virtues for this surah have been described in ahadith. It has been equated to as a third of the Quran, that is, if one reads it thrice, he shall obtain the thawab (rewards) of reading the entire Quran once. A person once said to the Blessed Master ﷺ “I love this surah a lot”. He ﷺ replied that “Its love shall admit you into paradise.” [Tirmidhi]
[Translator’s Note: Regarding the author saying that the surah has 4 or 5 verses – The surah has 4 verses according to some recitations. According to some other recitations, the first part of verse 3 (لَمۡ يَلِدۡ) is numbered verse 3 and the second phrase (وَلَمۡ يُولَدۡ) is numbered verse 4, the last verse thereby being verse 5. ALL the recitations of the Quran are revealed from Allah and taught by the Blessed Prophet ﷺ himself right from his own blessed times and Muslims should NEVER let their minds be clouded by the missionaries of kufr. The different ahruf have absolutely nothing to do with versions or any such thing as is the case with the corrupted books of the kuffaar.]
Circumstances of revelation: The kuffaar of the Arabs asked questions of many types to the Blessed Master ﷺ regarding Allah Rabb Al-‘Izzat ‘Azza wa ‘Alaa Tabaraka wa Ta’ala. Some asked ‘what is Allah’s family?’ Some asked if He is ‘made of gold or silver or iron or wood’ [and asked] ‘what He is made of?’ Some asked ‘what does He eat?’ and ‘what does He drink?’ and ‘from whom did He inherit god-hood?’ and ‘who shall be His heir?’ In reply to them, Allah revealed this surah and made manifest the path to realization by elucidating on His Dhaat (Self) and Sifaat (Attributes). By luminously elucidating on His Dhaat and Sifaat, the idiotic thoughts and illusions that those people were imprisoned in, were diffused.
 – He is attributed with attributes of supreme exaltedness and perfection in His God-hood (rubuubiyyah) and Deification (uluuhiyyah).
 – From any and everything, be it eating or drinking [or anything else]. He is pre-eternally eternal with no beginning and post-eternally eternal with no end.
 – Because there is NO ‘kind’ for Him [that is, NOTHING is like Him, He is Alone in His Dhaat & Sifaat].
 – Because He is qadeem (pre-eternally eternal with no beginning) and being born is a quality of haadith (something that emerges with a beginning).
 – It means that NO ONE is at par to Him or like Him. In a few verses of this surah, elaborate and grand discourse has been presented on the matters of knowledge of God, the details of which will render libraries overflowing.