الله الذي خلقكم ثم رزقكم
Allah is He Who created you, then provided food for you,
means, He is the Creator and Provider.
He brings man forth from his mother's womb naked and knowing nothing, not able to see or hear, and having no strength. Then He provides him with all these things, giving him household effects, clothing, wealth, possessions and earnings.
ثم يميتكم
then will cause you to die,
means, after this life.
ثم يحييكم
then (again) He will give you life.
means, on the Day of Resurrection.
هل من شركايكم
Is there any of your partners,
means, those whom you worship instead of Allah,
من يفعل من ذلكم من شيء
that do anything of that,
meaning, none of them are able to do any of that. But Allah is the One Who is Independent in His powers of creation, provision, and giving life and death. Then He will resurrect His creation on the Day of Resurrection. This is why, after all this He says:
سبحانه وتعالى عما يشركون
Glory be to Him! And Exalted be He above all that they associate.
meaning, exalted and sanctified and glorified be He far above having any partner, peer, equal, son or father, for He is the One, the Unique, the Self-Sufficient Master, Who begets not nor was He begotten, and there is none comparable unto Him