中信海直“十四五”答卷：打造低空经济第二增长曲线

Core Viewpoint - The article highlights the growth and strategic initiatives of CITIC Offshore Helicopter Company (中信海直) during the "14th Five-Year Plan" period, emphasizing its role in the low-altitude economy and its commitment to sustainable development [1][2][6]. Financial Performance - CITIC Offshore Helicopter's operating revenue is projected to increase from 1.97 billion yuan in 2023 to 2.16 billion yuan in 2024 [2]. - In the first three quarters of 2025, the revenue reached 1.63 billion yuan, reflecting a year-on-year increase of 9.05% [2]. - The net profit attributable to shareholders is approximately 245 million yuan, showing a year-on-year growth of 25.53% [2]. Business Growth Drivers - The company’s growth is driven by four main factors: 1. A solid foundation in core business, with a stable market share of around 70% in offshore oil helicopter services [3][4]. 2. Continuous improvement in operational efficiency through digital platforms and extensive flight experience [3]. 3. Ongoing optimization of business structure by expanding into new areas such as low-altitude economy and emergency rescue [3]. 4. Effective cost control and asset structure optimization, ensuring that the growth rate of operating costs is lower than that of revenue [3]. Industry Position and Capabilities - CITIC Offshore Helicopter operates a fleet of 88 helicopters and 14 drones, holding multiple operational qualifications, and is recognized as the largest service provider in the offshore oil flight service sector [4]. - The company has accumulated over 500,000 hours of safe flight experience, providing services for national tasks such as offshore oil, emergency rescue, and polar scientific research [4]. Strategic Initiatives in Low-Altitude Economy - The company has established a dedicated low-altitude economy division to explore new business opportunities, aligning with national policies that encourage low-altitude economic development [6]. - The low-altitude economy is identified as a second growth curve, with market predictions estimating a potential market size of 1.5 trillion yuan by 2025 and over 3.5 trillion yuan by 2035 [6]. Technological Advancements - CITIC Offshore Helicopter has successfully completed the world's first 2-ton eVTOL cross-sea flight test, demonstrating its capabilities in complex operational scenarios [7]. - The company is actively involved in setting industry standards for eVTOL operations and is exploring various application scenarios, including tourism, medical services, and logistics [7].