CITIC COHC(000099)2024-11-22 07:33Financial Performance - As of Q3 2024, the company reported a revenue of CNY 1.497 billion, an increase of 6.3% compared to the same period last year [1] - The net profit attributable to shareholders reached CNY 195 million, reflecting a slight increase of 0.26% year-on-year [1] - Total assets amounted to CNY 6.564 billion, up by 4.21% from the end of the previous year [1] Business Development - The company is actively expanding its market presence by leveraging its operational advantages in offshore oil service flights [1] - It aims to maintain its leading position in the domestic emergency rescue sector and is exploring new opportunities in pilotage services [1] - A new Low Altitude Economy Division has been established to enhance its service offerings in this emerging market [2] Low Altitude Economy Initiatives - The company has launched a low-altitude service platform and initiated regular flight operations on routes such as Shenzhen-Zhuhai and Zhoushan-Dongji Island [2] - Collaborations with local governments and enterprises have led to the development of the first digital control tower in China, enhancing operational safety and maintenance capabilities [2] - Strategic partnerships have been formed with eVTOL companies to advance the eVTOL industry chain and establish technical standards [2] Challenges and Strategic Focus - The core challenge in low-altitude airspace management is ensuring safety while effectively allocating airspace usage [2] - The company recognizes the need for an intelligent air traffic management system to accommodate future developments in manned and unmanned aircraft integration [2] - As a state-owned enterprise, the company is positioned to capitalize on the vast opportunities within the low-altitude economy, focusing on various segments including aircraft manufacturing, operational services, and comprehensive support [3]