The cash flow generated from investment activities refers to the cash flow generated from the purchase and construction of long-term assets (generally more than one year) and their disposal by enterprises, including the cash flow generated from the purchase and construction of fixed assets, the cash flow generated from long-term investment and the cash flow generated from the disposal of long-term assets, which are listed separately according to their nature.

The cash flow of investment activities refers to the cash flow generated by the purchase and construction of long-term assets of enterprises and investment and disposal activities that are not within the scope of cash equivalents.

The reason why "investment included in the scope of cash equivalents" is excluded here is because the investment included in the scope of cash equivalents has been regarded as cash. Different enterprises have different perceptions of investment activities due to different industry characteristics. For example, the cash flow generated by trading financial assets belongs to the cash flow of investment activities for industrial and commercial enterprises, but belongs to the cash flow of business activities for securities companies.

Cash flow can be divided into three categories:

Operating cash flow refers to the activities of directly producing products, selling goods or providing services, and is the main transaction and event for enterprises to obtain net income.

Investment cash flow refers to the purchase, construction, investment and disposal of long-term assets other than cash equivalents.

Cash flow of financing refers to the activities that lead to changes in the scale and composition of enterprise capital and debt.