Weak Growth, The First Three Quarters Of Outdoor Products Industry Continued Downturn

In the month of 2019 1~9, the Pathfinder achieved 987 million yuan of operating income, down 20.55% from the same period last year, of which the main business of outdoor products realized 795 million yuan, an increase of 11.11% over the same period last year, and realized a net profit of 99 million 489 thousand and 500 yuan attributable to the listed shareholders, an increase of 293.22% over the same period last year.

The main business of outdoor products increased by 11.11% over the same period last year, mainly benefiting from the gradual implementation of the strategic measures of the company focusing on outdoor products. In the first half of the year, the company disposed of some of its own properties to achieve a net profit of 36 million 252 thousand and 600 yuan after tax, which resulted in the increase of non recurring gains and losses in the first three quarters of 2019 compared with the same period last year. Meanwhile, the loss of non outdoor main businesses also decreased compared with the same period last year. The combined factors made the company's net profit 99 million 489 thousand and 500 yuan in the first three quarters of 2019, up 293.22% over the same period last year.

In 2019, 1~9 achieved a business income of 443 million yuan, down 3.74% from the same period last year, and realized a net profit of 42 million 465 thousand and 900 yuan attributable to the listed shareholders, down 0.19% compared to the same period last year. As of the end of September 2019, there were 367 stores in the country, including 35 Direct stores and 332 franchised stores.

In the first three quarters of 2019, Sanfo's outdoor business income was 269 million yuan, down 6.84% from the same period last year. The net profit attributable to shareholders of listed companies was 1 million 108 thousand and 300 yuan, down 46.09% from the same period last year.

Overall, the domestic outdoors industry in the first three quarters of the year is not very good, and the downturn is still in the doldrums. Although there are more and more people who like to travel outdoors in recent years, it seems that this kind of excitement is not reflected in local outdoor products. From the performance of the 3 outdoor products listed companies such as Pathfinder, Mu Gu Di and Sanfo outdoor, it is not difficult to see the scale and trend of the development of the local outdoor products industry.

Performance of outdoor brand listed companies in the first 2019 quarters of the year three