The Status Of Three Cash Flows

Better and Better                                                                                              Day 9

    Yesterday we used the example of Mobike to explain the three kinds of cash flow. Today we will learn the status of these. A company running well and with clear main business must be very stable in operational cash flow. For example, we have a model in the A-share market, Maotai. The vast majority of of its cash flow comes from the sales profits of liquor. What about fund-raising cash flow ? It’s very important for the expansion of the company. Why do start-ups keep financing A, B, C and D round ? It’s like when a person’s self hematopoietic function is insufficient that he needs blood transfusion. Investment cash flow refers to a company’s non-operational investment projects, bank deposits, investment projects income, etc.

      昨天我們用摩拜的例子來講了三種現金流，今天我們來學習這三個的地位。一個業務良好、主營業務清晰的企業，一定是經營性現金流非常穩健的。比如咱們A股市場的典範——茅臺。它絕大多數的現金流來自于白酒的銷售利潤。籌資性現金流呢？它對於公司的擴大發展非常重要。爲什麽初創公司要A輪、B輪、C輪、D輪不停地融資？這就像當一個人自我造血功能不足的時候，就要靠輸血。投資性現金流是一個公司在非經營性投資項目上的進出，銀行存款，投資項目的收益等。 

                                                                                                            Sept.2ed ,2018                                                                                                                    Bazhou.