Pathfinder Released The Fourth Risk Warning For Suspension Of Listing This Month.

Pathfinder holding group Limited by Share Ltd once again issued a risk warning notice that stocks may be suspended. The Pathfinder has lost money for two consecutive years in 2017 and 2018. According to the rules of Shenzhen Stock Exchange listing, if the company's 2019 annual audit report was eventually identified as a loss, the company's stock will be suspended from the date of the company's disclosure of the 2019 annual report. The Shenzhen stock exchange will decide whether to suspend the listing of the company's stock within 15 trading days after the suspension.

This is the fourth time the Pathfinder issued a notice of risk warning for suspension of listing this month.

Pathfinder said in the announcement that although the company lost 2017 consecutive years in 2018 and 2018, the main business of outdoor products in these two years has been developing steadily and has made continuous profits. The main reason for this loss is due to the impairment of goodwill, investment and assets due to the large amount of investment projects that have not been achieved in the previous period. After 2016-2018 years of continuous three years, the space and risk of further impairment of the company's previous related investment projects in 2019 and subsequent years have been very small.

Previously, the 2019 semi annual report released by Pathfinder showed that its net profit in the first half of the year was 81 million 855 thousand and 900 yuan, up 239.36% over the same period last year. In addition, Pathfinder expects net profit of 102 million yuan in the third quarter of 2019, up 302.58% over the same period last year. And said, "efforts will be made to ensure the achievement of the annual performance goals".

In this regard, Pathfinder said in the announcement that the performance in the first half of the year laid a good foundation for the achievement of the company's 2019 annual performance goals. In the second half of 2019, the company will continue to implement the annual business plan, focusing on resources to consolidate and promote the steady development of the main industries of outdoor products, dig deeper the subdivision needs of target customers, and continue to precipitate and upgrade the core competitiveness of products. Through the implementation of information upgrade and meticulous management measures, and aiming at non main business, based on the progress of post investment management that has been achieved, we continuously optimize the related business structure of non outdoor main business, integrate projects with deep collaboration with main industry, and continue to restructure and quit business related to outdoor main business.

For the reasons for the announcement, the Pathfinder explained that according to the regulations, the listed company's losses for two consecutive years, when disclosing the subsequent first half year's report, must issue a risk warning notice that the company's shares may be suspended from listing. After that, it will be issued once every five trading days until the risk of suspension is eliminated or the decision of the Shenzhen Stock Exchange to suspend the listing of the company's shares.