Yantian Port, stock code 000088, recently released its financial report for the first quarter of 2024. As an important port operator in Shenzhen, Yantian Port's financial report attracted widespread attention in the market. Next, we will analyze and discuss balance and liability data, profit data, and cash flow data in detail.

First, let's focus on the balance and liability situation of Yantian Port. At the end of the reporting period, the company's total assets reached 22.210 billion yuan, an increase of 0.87% over the end of the previous year, maintaining a steady growth trend. The total liabilities were $7.174 billion, compared to $7.259 billion at the beginning of the period. The balance ratio fell to 32.3% from 32.97% at the beginning of the period, showing that the company's efforts to control financial risks had paid off. The return on net assets (ROE) increased from 1.07% at the beginning of the period to 1.8%, reflecting an increase in the company's ability to use shareholders' funds to generate profits.

In terms of profit data, Yantian Port performed particularly well. During the reporting period, the company achieved revenue of nearly 198.89 million yuan, an increase of 3.13% over the previous year. Meanwhile, net profit attributable to shareholders of listed companies increased sharply by 34.52%, reaching 257.21 million yuan. After deducting non-recurring profit and loss, this figure was still as high as 256.48 million yuan, a year-on-year surge of 145.71%. This is mainly due to the expansion of the company's business scale and increase in profitability. In addition, the net interest rate also jumped from 105.87% in the same period of the previous year to 135.01% in the current period, indicating that the company has achieved significant results in cost control and efficiency improvement.

However, in terms of cash flow data, Yantian Port's performance was relatively weak. Net cash flow from operating activities was $30.55 million, a decrease of 44.63% over the same period last year. This is mainly due to increased operating cash outflows due to increased tax payments. At the same time, net cash flow from investment activities and fund-raising activities also showed year-on-year declines, which were affected by factors such as refunds from land preparation centers and reduction in structural deposit redemptions, and reduced loans from Huiyan Expressway Company, respectively. Nonetheless, these increases in cash outflows are partly justified given the company's expansion phase.

In summary, Yantian Port's 2024 quarterly report showed mixed feelings. In terms of assets, liabilities and profits, the company has shown strong growth momentum and profitability; in terms of cash flow, although under some pressure, these expenses are also within an affordable range considering the needs of the company's overall development strategy. Looking forward to the future, with the further expansion of the company's business and the gradual improvement of the market environment, we have reason to expect Yantian Port to continue to maintain a steady pace of development.