powerballthursday| Pathfinder will achieve double increases in revenue and net profit in 2023

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Pathfinder achieves both revenue and net profit increase in 2023 on the evening of April 25thPowerballthursdayPathfinder (300005) released its annual report for 2023. In 2023, the company achieved operating income of 13%.Powerballthursday90 million yuan, an increase of 22.1% over the same period last year, and a net profit of 71.798 million yuan, an increase of 2.7% over the same period last year.

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Pathfinder achieves revenue and net profit increase in 2023 on the evening of April 25th, Pathfinder (300005) released its annual report for 2023. In 2023, the company achieved operating income of 1.39 billion yuan, an increase of 22.1% over the same period last year, and a net profit of 71.798 million yuan, an increase of 2.7% over the same period last year, achieving positive growth for three consecutive years. While the performance grew steadily, the company's cash flow reached an all-time high, and the net cash flow generated by operating activities was 409 million yuan, an increase of 101.9% over the same period last year, and continued to improve. During the reporting period, the outdoor industry as a whole improved, and the penetration rate of outdoor people gradually increased. As of the end of 2023, Huaxia Fund is still among the top 10 shareholders of the Pathfinder, that is, China Construction Bank Co., Ltd.-Huaxia Energy Innovation Stock Investment Fund holds 9.6574 million shares, accounting for 1.09%, ranking the tenth largest shareholder for more than one year. In 2021, Pathfinder established the double main business development strategy of "outdoor business + chip business", and steadily expanded the operation scale around the outdoor supplies business and chip business. In 2023, Pathfinder continues to increase the overall revenue share of the chip business through endogenous growth and epitaxial expansion, tamping the strategic foundation of the dual-main business. In 2023, Pathfinder officially launched the Polar Bionic Technology platform 2.0, which can meet the demands of multiple scenes from Everest to the deep sea, from extremely cold to extremely hot, and bring consumers a more comprehensive and hard-core outdoor experience. In the field of intelligent outdoor equipment, pathfinders are also exploring a broader space for commercial development. With science and technology to enable outdoor equipment, committed to creating a world-leading outdoor intelligent equipment, Pathfinder version of the cold suit, outdoor power supply, satellite phone, night vision, Beidou short message device and other products have been released. In the chip business, Pathfinder chip business continues to attach importance to scientific and technological innovation, and the chip business achieved an operating income of 133 million yuan in 2023, a substantial increase. In March last year, Pathfinder acquired G2Touch, a full-product touch chip design company, which was founded in 2009. It is one of the few display touch chip design companies in the world that master On-Cell single-layer pressure touch technology and form large-scale sales. Based on their own patents, provide customers with a full range of touch IC products (touch notebook computers, smartphones, tablets, etc.). It has been included in the company's consolidated financial statements since June 2023, and the statement has contributed 122 million yuan to the pathfinder's operating income and 29.46 million yuan to the net profit, which is much higher than expected. The success of this acquisition is closely related to the development strategy of Pathfinder. Pathfinders adhere to the "outdoor + chip" dual-main business strategy, deepen the transnational layout, lay the cornerstone of growth, and build unique core competition barriers with the mentality of pathfinders. In outdoor business, pathfinders adhere to long-term doctrine, maintain the leading position of outdoor industry, target international brands, constantly optimize product structure, improve the level of fine management, and continue to consolidate the industry status of "China's leading outdoor brand". In terms of chip business, Pathfinder is committed to becoming an IC leader in the field of high-quality display, has completed the multi-point business layout from one to three, and expanded the industrial chain layout from IC design to packaging and testing. At present, the structure of pathfinder chip industry layout has been initially formed, and the foundation of industrial cluster expansion is gradually solid, which will enter the high-quality development stage of chip business growth by leaps and bounds, continuous improvement of operating efficiency and continuous improvement of comprehensive competitiveness. (Yan Yun) proofreading: Wang Chaoquan