Gelonghui, May 14 | Changjiang Securities Research Report pointed out that China Airlines Xifei (000768.SZ) 24Q1 revenue grew steadily, or benefited from learning and scale effects, and the company's profitability improved markedly. The reduction in the cost rate during the period also reflects the increasing improvement of the corporate governance system and the gradual improvement of management standards. In the context of the State Assets Administration Commission increasing the “two funds” assessment, the company actively controlled the inventory size; the balance of accounts receivable and notes was 22.504 billion, up 111.74% year on year; the balance of projects under construction was 918 million, up 37.24% year on year, and the company's supply capacity is expected to continue to be optimized; the contract debt balance was 15.795 billion, a decrease of 17.9% year on year. The contract continued to be digested but still at a high level, consolidating performance certainty.