CITIC Offshore Helicopter 中信海直
2 significant filings since 31 May 2026: 1 on guarantee or financial assistance and 1 on major contract or bid won. The latest, on 18 Aug 2026: 《对外担保管理制度》（2026年8月）.
自 31 May 2026 起有 2 份重大公告：guarantee or financial assistance 1 份、major contract or bid won 1 份。最新一份（18 Aug 2026）：《对外担保管理制度》（2026年8月）。
As of 25 Sep 2026 截至2026年9月25日
CITIC Offshore Helicopter, listed in 2000, operates in the Airlines and Airports industry. The company reported revenue of RMB2.24bn and attributable net profit of RMB308.7m in 2025, with a net margin of 13.1% and ROE of 5.7%. Operating cash flow per share was strong at RMB1.27, exceeding net profit, with a cash-to-profit ratio of 3.38x. As of 30 Jun 2026, the company had a healthy balance sheet with liabilities to assets at 27.2% and a current ratio of 5.82. However, the first half of 2026 showed a decline, with revenue down 2.9% and profit down 18.3% year-on-year. The share price has fallen sharply, down 43.5% over one year.
中信海直于2000年上市，属于航空机场行业。公司2025年实现营业收入22.35亿元，归母净利润3.09亿元，净利率13.1%，净资产收益率5.7%。每股经营现金流达1.27元，经营现金流与净利润之比达3.38倍，显示盈利质量较好。截至2026年6月30日，资产负债率为27.2%，流动比率5.82，财务结构稳健。但2026年上半年出现下滑，营业收入同比下降2.9%，归母净利润下降18.3%。股价在过去一年下跌43.5%。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Share price down 40% or more in a year 股价一年下跌40%或以上 | The share price has declined by more than 40% over one year. 股价在过去一年内下跌超过40%。 | A sharp drop in share price may reduce investor confidence and market valuation, limiting access to equity financing. It may also affect employee morale and retention if share-based incentives are held. 股价大幅下跌可能削弱投资者信心和市场估值，限制股权融资能力。若涉及股权激励，还可能影响员工士气与留任。 |
- Change in attributable net profit for the full year 2026 compared to 2025.
2026全年归母净利润与2025年的变动情况。 - Revenue trend in the next half-year report after 30 Jun 2026.
2026年6月30日之后的下一个半年度报告中的收入走势。 - Operating cash flow per share in the 2026 full-year report.
2026全年每股经营现金流。 - Any change in the shareholding percentage of the controlling shareholder.
控股股东持股比例的变动情况。 - Next distribution announcement, including amount and ex-date.
下一次分红公告，包括金额和除权除息日。 - Updated receivable days and inventory days as of 31 Dec 2026.
截至2026年12月31日的应收账款周转天数和存货周转天数。
- Company: CITIC Offshore Helicopter 中信海直, Shenzhen Stock Exchange 000099; industry Airlines and Airports; listed 31 Jul 2000.
公司：中信海直，深圳证券交易所 000099；行业：航空机场；上市日期：2000年7月31日。 - Close on 24 Sep 2026 RMB12.89; close on 24 Sep 2025 RMB23.03, RMB22.83 in today's terms; one-year change, adjusted for distributions and share changes -43.5%.
2026年9月24日收盘价12.89元；2025年9月24日收盘价23.03元（前复权22.83元）；一年涨跌幅（复权）-43.5%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB12.87 to RMB22.83.
52周区间（前复权）12.87元至22.83元。 - In the last 12 months 1 trading days closed 9% or more above or below the day before (all days, not only this year). The 1 most recent of them: 12 Jun 2026 +10.0%.
近12个月共有1个交易日收盘涨跌幅达9%及以上（为全部交易日，不限于今年）。其中最近1个：2026年6月12日 +10.0%。 - Market capitalisation RMB10.00bn; P/E TTM 35.6; price to book 1.80x.
总市值100.00亿元；市盈率（TTM）35.6；市净率1.80倍。 - Revenue 2025 RMB2.24bn; 2024 RMB2.16bn; change +3.3%.
营业收入2025年22.35亿元；2024年21.63亿元；同比+3.3%。 - Attributable net profit 2025 RMB308.7m; 2024 RMB303.2m; change +1.8%.
归属于母公司股东的净利润2025年3.09亿元；2024年3.03亿元；同比+1.8%。 - Net profit excluding non-recurring items, 2025 change -5.8%.
2025年扣除非经常性损益后的净利润同比-5.8%。 - Basic EPS 2025 RMB0.40; 2024 RMB0.39.
基本每股收益2025年0.40元；2024年0.39元。 - Operating cash flow per share 2025 RMB1.27; 2024 RMB0.79; operating cash flow to net profit 3.38x.
每股经营现金流2025年1.27元；2024年0.79元；经营现金流与净利润之比3.38倍。 - 2025 gross margin 23.8%; net margin 13.1%; ROE 5.7%.
2025年毛利率23.8%；净利率13.1%；净资产收益率5.7%。 - At 30 Jun 2026: liabilities to assets 27.2%; current ratio 5.82; quick ratio 5.34; receivable days 175; inventory days 81.
截至2026年6月30日：资产负债率27.2%；流动比率5.82；速动比率5.34；应收账款周转天数175；存货周转天数81。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB1.01bn, change -2.9%; attributable net profit RMB125.3m, change -18.3%; operating cash flow per share RMB0.31.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入10.08亿元，同比-2.9%；归母净利润1.25亿元，同比-18.3%；每股经营现金流0.31元。 - Ownership: controlling shareholder 中国中海直有限责任公司; actual controller 中国中信集团有限公司; largest holder at 30 Jun 2026: 中国中海直有限责任公司, 30.18%.
股权：控股股东：中国中海直有限责任公司；实际控制人：中国中信集团有限公司；2026年6月30日第一大股东：中国中海直有限责任公司，持股30.18%。 - Latest distribution: ex-date 21 May 2026, cash RMB0.10 per share.
最近一次分配：除权除息日2026年5月21日，每股现金0.10元。 - Aurelian Grade C, score 53.4 of 100, graded within a peer group of 13 companies in its industry; no rank among peers is given.
金源评级C，得分53.4（满分100），于行业同业13家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。