CITIC COHC(SZ:000099)2022-12-06 08:54Group 1: Financial Performance and Business Operations - The company's revenue data from the first quarter may not accurately predict the full-year performance due to the service price continuity from the previous year [2] - The operational volume for offshore oil helicopter services has decreased significantly in the first quarter [2] - The pricing model for offshore oil services is based on a combination of "monthly rent + hourly fee" [2] - The company recognizes the limitations of its core offshore oil business and is diversifying into land aviation, maintenance, and training sectors [2] Group 2: Market Potential and Strategic Development - Land aviation and maintenance are identified as promising markets for future growth [2] - The company supports the development of domestic helicopters and has signed a strategic cooperation agreement with AVIC [4] - Currently, out of 57 helicopters operated by the company, only 4 are domestic models [4] - The utilization rate of the company's helicopters is high, averaging about 3 hours per day for offshore oil services [4] Group 3: Challenges and Industry Factors - The development of the general aviation industry is constrained by factors such as airspace restrictions, insufficient general airports, and a lack of qualified personnel [4] - The company is actively monitoring exchange rate fluctuations to mitigate foreign exchange losses, expecting a reduction in losses compared to 2015 [5] - The establishment of a general aviation college is underway in collaboration with the Civil Aviation Management Institute of China [5]