January 15th，Pathfinder (300005), which encountered Mercury retrograde in 2019, released its 2019 full-year performance forecast。188bet online live casino expects to turn a profit in 2019，Annual attributable net profit achieved 1.1.1 billion to 1.1.6 billion yuan。

Reasons for performance changes，Pathfinder said，188bet online live casino focuses on consolidating resources to promote the development of its main business of outdoor products，Gradually exit the travel service business and related investment projects with lower profit margins，Improve business quality，Company-related investments during the reporting period compared with the same period last year、The risk of asset impairment is significantly reduced。Also，188bet online live casino’s overall expenses during the reporting period decreased compared with the same period last year。Pathfinder expected，188bet online live casino estimates that the impact of non-recurring gains and losses on net profit during the reporting period will be approximately 84 million yuan，The same period last year was 31.03 million yuan。

Loss for two consecutive years，Pathfinder has repeatedly issued announcements that 188bet online live casino’s stocks may be suspended from listing。Announcement，188bet online live casino has been in 2017、Loss for two consecutive years in 2018，In accordance with the requirements of the China Securities Regulatory Commission，If losses continue in 2019，Shenzhen Stock Exchange may suspend the listing of Pathfinder shares。

Data display，Since listing in 2009，Pathfinder’s revenue has maintained double-digit rapid growth，The average net 188bet online live casino growth from 2009 to 2013 exceeded 55%，Won the top spot among domestic outdoor products companies in one fell swoop。

But 2015 became a turning point，As 188bet online live casino diversifies and develops，Involved in tourism services and major sports，Pathfinder’s business performance begins to “change”。The third quarter of 2015，188bet online live casino’s net profit dropped for the first time。As of the end of 2018，Pathfinder’s net profit has declined for 14 consecutive quarters。

Pathfinder’s 2017 financial report display，188bet online live casino’s net profit dropped by 151% year-on-year.24%，Loss of 84.85 million yuan；April 26, 2019，Pathfinder releases 2018 financial report，188bet online live casino achieved annual revenue of 19.9.2 billion yuan，Down 34% year-on-year.34%；Attributable net profit loss 1.81.9 billion yuan，114 year-on-year decrease.4%。

The third quarterly report of 2019 previously released by Pathfinder，First three quarters，Pathfinder achieves operating income of 9.8.6 billion yuan，Decreased by 20 year-on-year.55%，Net 188bet online live casino attributable to parent company 9948.950,000 yuan，293 year-on-year increase.22%。

Pathfinder said，The decrease in operating income is mainly due to 188bet online live casino’s focus on resources to promote the development of its main business of outdoor products，Proactively optimize and reduce travel service businesses with lower profit margins，Due to a significant decrease in travel service income，Looking specifically at the main business of outdoor products，In the first three quarters of 2019, 188bet online live casino’s main business of outdoor products achieved revenue of 7.9.5 billion yuan，11 more than the same period in 2018.11%。

Previously，To expand the tourism territory，188bet online live casino has successively invested in Singapore’s online travel platform Asiatravel、China’s long-established outdoor activities website “Green Field”、Polar travel agency "Ji Zhi Beauty"、TUTU、Yiyoutianxia、Xingzhi Exploration and other companies。However, “casting the net over a large area” has not brought about an improvement in the operating performance of listed companies。Data display，In 2016, 188bet online live casino’s travel service segment had a net profit loss of 34.1 million yuan，Net profit loss of sports segment business is 9.9 million yuan;2017，188bet online live casino’s travel service segment business had a net profit loss of 27.58 million yuan。

November 14, 2019，Pathfinder announced，188bet online live casino plans to transfer 29% equity of Yiyoutianxia International Travel Agency (Beijing) Co., Ltd.，Pathfinder said，188bet online live casino transfers part of the equity of Yiyoutianxia，In line with 188bet online live casino’s “focus on resources to promote the long-term and healthy development of the main outdoor products business”、"Optimizing the related business structure of non-outdoor main businesses，The development strategy of gradually withdrawing from and reorganizing businesses unrelated to the main outdoor business，It will help 188bet online live casino further focus its resources and energy、Optimize asset structure、Improve business efficiency。

It’s worth noting，Deeply explore the net profit structure of Pathfinder’s substantial growth，Discover the important role of selling properties in their profits。To this，Pathfinder is not shy either，Indicates that in the first half of 2019, 188bet online live casino disposed of some of its own properties and achieved an after-tax net income of 3625.260,000 yuan，As a result, non-recurring profits and losses in the first three quarters of 2019 also increased compared with the same period last year。188bet online live casino’s net profit attributable to shareholders of listed companies in the first three quarters of 2019 9948.950,000 yuan，An increase of 293 compared with the same period last year.22%；Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses 3121.730,000 yuan，An increase of 467 compared with the same period last year.54%。

Pathfinder issued an announcement on June 5, 2019，Based on the centralized office planning of 188bet online live casino’s headquarters personnel and the effective revitalization of 188bet online live casino’s stock assets，Get more funds to support business development，188bet online live casino plans to sell its own property located on the 21st floor of Tower A, Jinqiu International Building, No. 6 Zhichun Road, Haidian District, Beijing。

Announcement display，Pathfinder has been using it as an office since it purchased the 21-story Jinqiu property in November 2008，The original book value of the property is 3281.820,000 188bet online live casino，Net book value as of December 2018 is 2532.140,000 188bet online live casino。Judging from this selling price，It is agreed that the final transaction price of the above-mentioned house is RMB 7884.95.25 million 188bet online live casino，Pathfinder has benefited greatly。

*Source of this article: Beijing News, author: Zhang Zeyan, original title: "Selling the house to recover blood，Pathfinder is expected to turn a 188bet online live casino last year, can it escape the suspension of listing？》.