Pathfinder Has Suffered Losses For Two Years And Will Face A Risk Of Stock Suspension.

A few days ago, the Pathfinder issued a notice that, because of the previous investment projects failed to reach the expected amount of continuous increase in the amount of goodwill, investment and asset impairment, the company in 2017 and 2018 for two consecutive years of loss, if the company continued to lose money in 2019, stocks are suspended to be listed risk.

In the announcement, it said that due to the failure of the anticipated investment projects in the previous period, the amount of goodwill, investment and assets impairment was continuously increased. The company lost 2017 consecutive years in 2018 and 2018. If the company continues to lose money in 2019, the Shenzhen stock exchange may suspend its stock market.

At the same time, the announcement also said that although the company lost 2017 consecutive years in 2018 and 2018, the main business of outdoor products has been developing steadily and profitable for the past two years. The main reason for the company's loss is due to the impairment of goodwill, investment and assets that have not been anticipated in the earlier period. After a total of 2016-2018 years of continuous three years, The space and risk of further impairment of the company's earlier related investment projects in 2019 and subsequent years are very small.

According to the 2019 annual results announcement, Pathfinder is expected to turn a profit in 2019 and achieve a net profit of 111 million yuan -11600 million attributable to shareholders of listed companies. Pathfinder 2017 annual report shows that the company's revenue of 3 billion 33 million yuan, an increase of 5.41% over the same period, attributable to shareholders of listed companies net profit loss of 84 million 853 thousand and 900 yuan, which is the Pathfinder since 2009 listed for the first time since the loss.

According to the 2018 earnings report, Pathfinder revenue in the 2018 fiscal year was 2 billion 5 million yuan, down 33.91% compared with the same period last year, and the loss expanded to 182 million yuan. Public information shows that in 1999, Sheng Fa Qiang and Wang Jing founded Pathfinder, and in 2007, Wang Jing withdrew from the daily management of the company.

After the company entered the gem in 2009, Sheng Fa Qiang served as the company's legal representative, chairman and President, director Wang Jingwei, R & D and design center product technology guidance. At the end of 2017, Wang Jing returned to management as chairman and CEO of the company. Sheng Fa Qiang was "relegated to the second tier" and served as director of the company only.

But in the media coverage, in May 23, 2019, Wang Jing succeeded in reaching the Mount Everest. This is the fourth time that she has climbed Mount Everest. Investors do not buy it. They say frankly to the Pathfinder manager on the interactive platform: "when the company's performance is so poor and the share price is so bad, the chairman receives about 4000000 super pay in the company, which in itself hurts the feelings of minority shareholders. This time this high profile Mount Everest, the company once again deeply hurt small shareholders.

As of the end of February 4th, the Pathfinder shares fell 3.02%, to 3.85 yuan / share, the total market value of 3 billion 431 million yuan, the Pathfinder faced with the current situation, where to go?