CITIC COHC(SZ:000099)2022-12-06 23:44Group 1: Company Overview - The company operates the largest fleet of helicopters in the domestic market [2] - There are currently no policy restrictions on private aviation consumption, but the market has not yet formed [2] Group 2: Competition and Market Potential - The company faces competition in each of its specific industry segments [2] - There is significant growth potential in the pilot training market due to a large shortage of pilots in the country [2] Group 3: Financial Insights - The gross margin for the training business is not expected to be very high [2] - The company has converted some long-term, high-interest foreign currency loans to RMB, minimizing the impact of RMB depreciation on operations [2] Group 4: Cost Management - The company has implemented cost control measures, such as reducing aircraft insurance fees and significantly cutting management costs [2] - Major costs for the company include depreciation, aircraft repair, and labor costs [2] Group 5: Safety Record - The company has maintained strict aviation safety management and has achieved 16 consecutive years of safe flight [4]