Evening of April 21st，Pathfinder (300005) released the first quarter report of 2020。First quarter report display，The company achieved operating income 1.4.4 billion yuan，55 less than the same period last year.25%，Net profit attributable to shareholders of listed companies is -631.190,000 yuan。

For the decline in performance，Pathfinder said，Because in the first quarter of 2020, the company will no longer consolidate the revenue from travel service businesses such as Yiyou，And affected by the epidemic，The income from the main outdoor business also declined compared with the same period，Thus leading to 188bet Online Sports Betting and Casino a decline in the company’s performance in the first quarter。

It is worth mentioning，During the reporting period，Pathfinder continues to increase investment in product research and development。In Holistic Marketing、In the context of declining management expenses，R&D expenses in the first quarter of 2020 714.690,000 yuan，12 more than the same period last year.21%，Continue to consolidate the competitiveness of R&D technology。

Also，The company actively responds to the impact of the new coronavirus epidemic，Quick response protective isolation clothing (non-medical protective clothing)、Research, development, production and supply of protective fisherman hats and other health and 188bet Online Sports Betting and Casino Epidemic Prevention products，Strengthen online content marketing and comprehensively utilize WeChat marketing、Live broadcast marketing and other methods to strengthen the reach and communication of consumers，Consolidate and improve member management，Promote online business 188bet online sports betting development and upgrade of offline marketing models in an orderly manner，Strive to overcome the adverse impact of the epidemic on the company's operations。

Pathfinder said，Second Quarter，The company will continue to seriously prevent and control the new coronavirus pneumonia epidemic，About the annual business plan，Focus on resources to promote the development of the main outdoor business，Strengthen brand building and promotion、Online and offline channel marketing optimization、Product technology research and development innovation、Refined supply chain management, etc.，Strive to fully prepare for the recovery of consumer demand after the epidemic through a series of comprehensive measures。

188bet online sports betting ，Author: 188bet online sports betting Cao Chen, original title:《Pathfinder achieved revenue in the first quarter 1.4.4 billion yuan to continue increasing investment in product research and development》.