XJ Electric Co., Ltd. (stock code: 000400) recently released its financial report for the first quarter of 2024. As a leading enterprise in the electric power equipment industry, XJ Electric's performance this quarter has attracted much market attention. This report will provide a detailed interpretation and analysis of the financial report from the aspects of asset and liability data, profit data, and cash flow data.

Firstly, let's take a look at the asset and liability data. At the end of the reporting period, XJ Electric's total assets reached 22.38 billion yuan, an increase of 2.18% from the end of the previous year, demonstrating the steady expansion of the company's scale. At the same time, the owner's equity attributable to shareholders of the listed company also achieved a growth of 2.36%, reaching 10.957 billion yuan, indicating a steady increase in the company's net asset value. On the other hand, the company's asset-liability ratio remained at a reasonable level, at 46.5% for this reporting period, which is basically the same as the 46.61% at the beginning of the period, reflecting the company's steady financial management and risk control capabilities.

Next, let's analyze the profit data. The company achieved a revenue of 2.809 billion yuan in the first quarter, although it has declined compared with the same period of the previous year, the net profit attributable to shareholders of the listed company has achieved a significant growth, with an increase of 47.39% to 237 million yuan. This indicates that the company has made positive achievements in improving its profitability. In addition, the gross margin and net margin of the company have also increased to 18.27% and 9.38%, respectively, a significant improvement compared with the 13.64% and 5.73% in the same period of the previous year, reflecting the continuous improvement of the company's operating efficiency and the strengthening of its cost control capabilities.

Now let's take a look at the cash flow data. In this reporting period, the net cash flow generated from operating activities of the company reached 260 million yuan, a significant increase of 401.81% year-on-year. This outstanding performance is mainly due to the increase in the company's collection, which effectively improved the turnover efficiency of funds. At the same time, the company has also reduced its payments for various taxes and fees, further optimizing the cash flow situation. It is worth mentioning that although the company did not carry out large-scale fund-raising activities such as investment absorption and debt repayment during this reporting period, it still maintained a stable cash flow situation, which has laid a solid foundation for its future sustainable development.

In summary, XJ Electric's first quarterly report in 2024 presents a steady growth trend. The company has achieved significant results in asset and liability management, profitability improvement, and cash flow optimization. Looking ahead, with the continuous recovery of the electric power equipment market and the continuous enhancement of the company's strength, XJ Electric is expected to continue to maintain a good development momentum and create more value for investors.