Zhejiang Transportation Technology Co., Ltd. (stock code: 002061) is a state-owned listed company focusing on infrastructure construction. It has the national highway engineering general contracting qualification and many professional qualifications. The company operates in 20 countries around the world and undertakes projects in more than 30 domestic provinces, cities and autonomous regions, showing strong engineering construction strength and market competitiveness. Zhejiang Jiaotong Technology ranked 56th in the 2023 “Top 100 Chinese Construction Enterprises with Comprehensive Strength” ranking, and was selected as one of the “ENR Top 250 International Contractors and Global Contractors” for eight consecutive years. The company focuses on scientific and technological innovation. In 2023, it received 122 provincial and ministerial construction laws, 351 patent authorizations (including 36 invention patents), 37 software copyrights, and many science and technology awards and high-quality engineering awards. The company also actively participated in the formulation of industry standards. The editor-in-chief or local standards were compiled, showing a leading position in the industry.

In terms of balance and liability data, Zhejiang Jiaotong Technology's total assets decreased by 6.65% from 69.356 billion yuan at the beginning of the period to 64.747 billion yuan at the end of the maturity period. Total liabilities also decreased by 8.77% from $54.322 billion at the beginning of the period to 49.547 billion yuan at the end of the maturity period. The balance ratio fell from 78.32% at the beginning of the period to 76.53% at the end of the period, indicating an improvement in the company's financial structure. Despite the reduction in total assets, the reduction in liabilities was even greater, indicating that the company has made some progress in repaying its debts.

In terms of profit data, Zhejiang Jiaotong's revenue increased from 7.131 billion yuan in the same period last year to 7.728 billion yuan in the reporting period, an increase of 8.37%. Operating profit increased by 12.45% from 200 million yuan in the same period last year to 225 million yuan in the reporting period. Net profit increased 13.45% from 145 million yuan in the same period last year to 165 million yuan in the reporting period. The gross margin increased from 6.71% in the same period last year to 7.27% in the reporting period, and the net margin increased from 2.04% in the same period last year to 2.13% in the reporting period. These data show that the company has achieved certain results in improving profitability.

In terms of cash flow data, Zhejiang Communications Technology's operating cash inflow subtotal increased from 9,917 billion yuan in the same period last year to 13.087 billion yuan in the reporting period, an increase of 31.96%. However, the subtotal cash outflow from operating activities also increased from $13.119 billion in the same period last year to $15.464 billion in the reporting period, an increase of 17.88%. Net cash flow from operating activities was $2.377 billion, an improvement over $3.202 billion in the same period last year, and a negative decrease of 25.77%. Although cash outflows from operating activities have increased, cash inflows have increased at a faster rate, indicating that the company has made progress in cash flow management.

Overall, Zhejiang Communications Technology's financial performance in the first quarter of 2024 showed a certain steady and improving trend. The decline in the balance ratio and the increase in profitability indicate that the company has made progress in financial management and operational efficiency. However, the net cash flow from operating activities is still negative, indicating that the company still needs to make further efforts in cash flow management. In the future, the company should continue to strengthen financial management, optimize the balance and liability structure, and improve profitability to achieve more stable financial performance.