CITIC COHC(SZ:000099)2022-12-06 11:08Group 1: Financial Performance and Challenges - The company anticipates a certain exchange loss in 2016 if the RMB continues to depreciate, similar to 2015 [2] - In 2015, the company changed the currency of four long-term, high-interest foreign loans to RMB to mitigate exchange rate fluctuations, with minimal impact on operations [2] - The company is actively exploring measures to reduce exchange losses [2] Group 2: Operational Capacity and Fleet - The company currently operates 55 helicopters and has one helicopter yet to be delivered [2] - The large helicopters operated by the company can accommodate 19 passengers [2] Group 3: Market Strategy and Business Development - The company is facing operational pressure due to declining offshore market conditions caused by falling global oil prices [2] - To alleviate operational pressure, the company has acquired three Ka32 helicopters to expand its aerial forest protection business and is actively pursuing overseas market opportunities, including a recent agreement with Daewoo for helicopter services in Myanmar [2] - The company does not currently engage in agricultural or tourism businesses, focusing instead on aerial forest protection, power line inspection, and aircraft management [2] Group 4: Industry Requirements and Future Plans - The offshore flying business has stringent requirements regarding helicopter types, pilot qualifications, and safety management systems [3] - The company plans to continue comprehensive development within the general aviation industry chain without considering a shift to other industries at this time [3]