IFE Elevators Co., Ltd. (stock code: 002774) is a high-tech enterprise dedicated to elevator R&D, manufacturing, sales, and services. The company is committed to providing high-quality elevator products and solutions for global customers. In the first quarter of 2024, IFE Elevators released its financial report, showing the company's performance in various financial indicators.

From the asset-liability data, IFE Elevators' total assets at the end of Q1 2024 were 2.059 billion yuan, a decrease of 4.89% from the end of the previous year. This change mainly reflects the company's adjustment in asset management. On the liability side, total liabilities at the end of the period were 763 million yuan, a decrease of 15.07% from the beginning of the period. This indicates that the company effectively reduced its debt level in the period. The asset-liability ratio fell from 41.49% at the beginning of the period to 37.05% at the end of the period, further reflecting the optimization of the company's financial structure.

In terms of profit data, IFE Elevators' operating income in this reporting period was 350 million yuan, a year-on-year increase of 30.64%. This growth was mainly attributed to the significant increase in the company's elevator project completion and acceptance in this period. Operating costs also increased accordingly to 257 million yuan, a year-on-year increase of 31.35%. Although costs increased, the company's gross margin only slightly decreased from 26.89% in the same period last year to 26.49%. Net profit attributable to shareholders of the listed company was 291.5 million yuan, a year-on-year increase of 144.38%, while net profit after deducting non-recurring gains and losses increased significantly to 245.1 million yuan, a year-on-year increase of 4,315.47%. Net margin increased from 4.37% in the same period last year to 8.32%, showing a significant improvement in the company's profitability.

In terms of cash flow, the net cash flow from operating activities of IFE Elevators in this reporting period was -61.77 million yuan, a significant decrease from 4.66 million yuan in the same period last year. This was mainly due to the significant increase in the company's cash payments for purchasing commodities, receiving labor services, and paying various taxes in this period. Although operating cash flow showed a negative value, the net cash flow from investing activities was 73.43 million yuan, a year-on-year increase of 67.50%. The main reason was that the company redeemed wealth management products in this period. Overall, the company achieved good cash inflows from investment activities, but attention needs to be paid to the negative change in operating cash flows.

In summary, IFE Elevators performed well in the first quarter of 2024, with significant growth in revenue and net income, showing the company's competitiveness and profitability in the market. However, the negative value of operating cash flow needs attention, and the company should continue to optimize cash flow management to ensure financial health and stability.