Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow (FCF).

2313 Free Cash Flow Analysis

Free cash flow, a measure commonly used by analysts to assess a company's profitability, represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

The Free Cash Flow is calculated using a number of methods including using Operating Cash Flow. Following is the formula to calculate Free Cash Flow based on Operating Cash Flow.

Free Cash Flow = Operating Cash Flow - Capital Expenditures

Using above formula to calculate Free Cash Flow for Shenzhou International Group Holdings Limited (2313), the free cash flow value is 1.413406B.

All amounts in CNY

Operating Cash
Capital Expenditure
Free Cash Flow

Shenzhou International Group Holdings Limited has a positive free cash flow as per the latest annual Cash flow statement released by the company. Positive free cash flow is cruscial for the financial health of a company, which can be used to pay dividends, expand operations, and deleverage its balance sheet (i.e., reduce debt).

2313 Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Shenzhou International Group Holdings Limited (HKEX:2313).

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income3.37B5.11B5.1B4.54B
Change To Netincome-282.86M-429.2M-536.33M-100.79M
Change To Account Receivables666.05M-518.79M-83.99M-750.04M
Change To Liabilities326.7M151.66M77.94M-62.48M
Change To Inventory-1.82B470.97M-44.97M-759.94M
Change To Operating Activities180.81M-80.67M65.86M370.27M
Total Cash From Operating Activities3.59B5.75B5.6B4.12B
Capital Expenditures-2.18B-2.31B-2.54B-1.65B
Other Cashflows From Investing Activities-3.33B161.15M669.04M-8.54M
Total Cashflows From Investing Activities-6.41B-2.56B-3.15B-1.46B
Dividends Paid-2.72B-2.58B-2.4B-2.06B
Net Borrowings4.04B2.62B1.41B386.34M
Total Cash From Financing Activities1.32B33.59M-988.16M-1.67B
Effect Of Exchange Rate-43.77M-64.81M31.08M110.59M
Change In Cash-1.54B3.17B1.49B1.09B