Pathfinder Holdings Group Co., Ltd. (hereinafter referred to as the Pathfinder) recently announced its first-half results in 2016. During the period, the company’s net profit plummeted by more than 20% year-on-year, and the travel service segment still has a greater impact on profits.
Affected by the dual pressure of slower sales of outdoor products and the continued loss of travel services, although Pathfinder’s revenue increased by 60.86% year-on-year to 1.087 billion yuan, net profit declined by 23.93% from the same period last year to 93.98 million yuan. . Among them, travel service income was 406 million yuan and the loss was 16 million yuan.
Pathfinder said that the easy-travel world of the travel services sector contributed significantly to the company’s operating revenue, but due to the easy transition of the company’s operating business, Greenland China’s plan is also in a substantial expansion phase, so the impact on the company’s net profit Presented as planned losses.
Despite the performance dragged by the travel services business, the Pathfinder's mind to save money on the travel services sector has not wavered. In early June, Pathfinder announced that it would complete a planned increase, and raised 1.27 billion yuan to be used in the Pathfinder Cloud project, the Greenfield Outdoor Travel O2O project, and the outdoor e-commerce vertical e-commerce project.
As the first listing of domestic outdoor products, Pathfinder has been listed since 2009, and its operating income has grown from less than 300 million yuan to more than 3.8 billion yuan. However, the net profit last year was 263 million yuan, a year-on-year decrease of 10.5%.
Under the background of overall low consumption and intensified industry competition, Pathfinder has been dedicating itself to building an outdoor ecosystem for the past two years. It has established three major business groups: outdoor supplies, travel services, and sports, and has acquired a number of industrial chains. The company name of the related company was also changed from Pathfinder Outdoors Co., Ltd. Beijing to Pathfinder Holdings Group Co., Ltd.
Some analysts believe that Pathfinder renamed intends to weaken the main business of outdoor products, paving the way for the transition, but the current situation, the outdoor supplies section is still the cornerstone of Pathfinder business, but also the main source of profit. Since the travel services segment is only engaged in revenue and net profit loss during the business expansion and transformation period, the sports sector is still in its infancy. With the continuous reshuffle of the domestic and outdoor industries, it will take some time for future Pathfinders to resume profitable growth. Run-in
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