Can Pathfinder Get Rid Of The Delisting Risk With A Net Profit Of 99.49 Million Yuan In The First Three Quarters?

In October 23rd, the Pathfinder group Limited by Share Ltd ("Pathfinder") released the third quarter report in 2019. In the first three quarters, the Pathfinder achieved a profit of 987 million yuan, a year-on-year decline of 20.55%, net profit of 99 million 489 thousand and 500 yuan, an increase of 293.22% over the previous year, and a net profit of 31 million 217 thousand and 300 yuan, an increase of 467.54% over the same period last year.

For the reasons for the decrease in revenue in the first three quarters, the Pathfinder said that the company mainly focused on resources to promote the development of the main business of outdoor products, and actively optimized and reduced the low profit travel service business, resulting in a substantial reduction in travel service revenue. In the first three quarters of 2019, the income from the main industry was 795 million yuan, up 11.11% over the same period last year.

After two consecutive years of loss, the suspension of listing has become a "sharp edge" hanging on the top of the Pathfinder. Pathfinder said that the loss in 2018 was mainly due to the impairment of goodwill, investment and assets that had been invested in a larger amount of investment projects that had not been reached. After the full calculation of -2018 in 2016, these projects are not expected to have a significant impact on the current profits and losses in 2019 and subsequent years.

At present, Pathfinder is upgrading the company's profits by returning to the main business, disposing part of its own property, upgrading shop under the transformation line, improving the channel structure and meticulous management of sales terminals. Among them, in the first half of this year, the Pathfinder obtained a net income of 36 million 252 thousand and 600 yuan after the sale of real estate.

In the third quarter, the Pathfinder achieved a profit of 296 million yuan, a year-on-year decline of 19.09%, net profit of 17 million 633 thousand and 600 yuan, an increase of 1393.38% over the previous year, and a net profit of 326 thousand and 500 yuan, an increase of 138.40% over the same period last year. At the end of the reporting period, the movie climber was officially released, and the pathfinder was its exclusive outdoor equipment brand sponsor. The Pathfinder said the movie's promotion also promoted the transformation of store sales.