Pathfinder's net profit in the first half of the year increased by 247.04% -339.59%, and the chip business brought value improvement

On the evening of July 24, Pathfinder (300005) disclosed the 2024 semi-annual results announcement. The company's net profit attributable to shareholders of listed companies is expected to be 75 million yuan to 95 million yuan, an increase of 247.04% to 339.59% year-on-year; after deducting non-recurring gains and losses, the net profit is 71 million yuan to 89 million yuan, an increase of 449.94% to 589.36% year-on-year.

company made the above forecast based on the following reasons: The main reason for the growth of performance is that the company has implemented the "outdoor + chip" dual main business strategy in terms of operation and management, and has steady operation and high-quality development. Among them, the outdoor business has continuously improved its brand strength, product strength and channel strength, optimized its business structure, strengthened its internal management, and its operating revenue and profit have grown steadily. The chip business has achieved a significant increase in operating revenue and profit year-on-year. The company is customer-centric and continuously carries out product technology innovation and iteration. At the same time, it strengthens internal collaboration and resource sharing to achieve the healthy development of the chip sector as a whole.

At the performance briefing held in May, Pathfinder executives said that the continuous growth in 2024 was due to the "outdoor + chip" dual-main business strategy launched from 2021. Among them, the significant progress made in the chip business is a big help to the financial report. The company will continue to expand sales by improving product strength, brand strength, channel strength, and achieve breakthroughs in brand awareness, product expertise, marketing, and other aspects. The brand side will revolve around “The strategy of "professionalization", "rejuvenation" and "diversification" focuses on cultivating young consumers and outdoor professional consumer groups. In terms of products, we will continue to target the needs of different age groups, different scenarios, and different customer groups to create a product system echelon covering all types of consumers. We will focus on core categories, improve product design capabilities, maintain product competitiveness, and gradually expand market share. In terms of channels, we will further enhance online Tmall and Beijing. We will improve the operation quality of our main e-commerce channels and actively deploy new channels such as Douyin and social private marketing platforms. We will continue to accelerate the share of offline channels in core and first-tier cities, continue to improve the operational capabilities of our sales team, and achieve sustained high-quality growth in the number of stores, single store performance, shopping mall rankings, and profitability. We will accelerate the construction of our international trade team, actively explore new global sales channels, and expand new profit growth points.

In the first half of 2024, my country's new display industry invested more than 100 billion yuan in cutting-edge technologies and applications. Experts pointed out that my country's display industry has jumped from a follower to a global leader in more than 20 years. Effective and large-scale investment is to promote high-quality growth of the new display industry. "Engine". As the penetration rate of display technology in mobile phones, TVs, laptops, AR/VR, automotive, medical and other display applications has accelerated, the industry has begun to enter a period of rapid expansion, with Mini/Micro display application market trends and application fields diversified. LED, commercial display, and VR/AR have all become hot spots.

Explore.Roader's acquisition of the display chip business is to observe the trend of the transfer of the display industry from overseas to domestic, and actively layout the upstream display driver chip industry by grasping the development trend of the industry and the change of the technological frontier.

Looking at the market, the direction of the new generation of visual display chip technology products has become the consensus of the industry, and interactive interaction is the inevitable trend of panel development. Pathfinder's chip companies focus on touch drivers and Mini/Micro LED display driver chips. G2Touch has a unique touch-sensitive patent, and its chips have been widely used in notebook products. G2Touch's touch IC products mainly use On-Cell single-layer technology, which is one of the few display touch chip design companies in the world that have mastered On-Cell single-layer touch technology and formed large-scale sales. Beijing Chineng is one of the few IC design companies in the world that can provide Mini led active display driver chip products, and it is the first company in China to master both direct display and backlight Mini led active display driver chip technology. In terms of Mini led driver chips, it improves product performance through technological innovation, reduces production costs through product iteration, and adjusts product R&D strategies in line with market development trends. Combined with the characteristics of the company's products and the needs of end customers, different strategies are used to segment the Mini led market. The focus is on the transparent screen market, the Mini led backlight market, and the Mini led direct display market to expand.

Currently, G2Touch is expanding its focus on in-vehicle displays. It is currently undertaking the research and development project of Samsung Display's in-vehicle touch chip, which is progressing smoothly. Samsung's in-vehicle display products are currently mainly targeted at car companies such as Ferrari and Audi, and are expected to gradually increase in volume with the sales of terminal products in the future. At the same time, we are also actively exploring domestic car company customers, especially new energy car manufacturers.

With the release of the 2024 semi-annual performance forecast, it is proved that Pathfinder has achieved high-level technological self-reliance and high-quality sustainable development through the "outdoor + chip" dual main business development strategy. In both outdoor and chip tracks, Pathfinder continues to grasp industry trends and continues iterative research and development of new technologies and products to fill the technological gaps in the domestic industry while further enhancing core competitiveness and profitability.