Annual Report 2024

China Merchants China Direct Investments Limited Annual Report 2024 107 CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended 31 December 2024 2024 2023 Note US$ US$ OPERATING ACTIVITIES Profit (loss) before taxation 148,335,878 (1,094,022) Adjustments for: Interest income (608,748) (322,233) Dividend income from equity investments (17,179,574) (18,794,805) Net (gain) loss on financial assets at fair value through profit or loss (137,499,663) 9,028,514 Gain on disposal of a subsidiary (4,099,814) — Operating cash flows before movements in working capital (11,051,921) (11,182,546) Proceeds from disposal of financial assets at fair value through profit or loss 38,693,591 828,954 Return of capital from financial assets at fair value through profit or loss 2,803,765 3,331,933 Purchases of financial assets at fair value through profit or loss (5,771,535) (17,059,455) Decrease/(Increase) in other receivables and prepayments 19,987 (27,886) Increase in other payables 1,572,616 387,171 (Decrease)/Increase in financial liabilities designated at fair value through profit or loss (25,759) 38,307 Cash generated from (used in) operations 26,240,744 (23,683,522) Interest received 623,197 346,301 Dividends received 17,179,574 18,794,805 Income taxes paid (2,573,537) (1,271,527) NET CASH GENERATED FROM (USED IN) OPERATING ACTIVITIES 41,469,978 (5,813,943) CASH USED IN FINANCING ACTIVITIES Dividends paid 26 (18,279,962) (10,663,311) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 23,190,016 (16,477,254) CASH AND CASH EQUIVALENTS AS AT 1 JANUARY 8,627,649 25,489,216 EFFECT OF FOREIGN EXCHANGE RATE CHANGES (870,954) (384,313) TOTAL CASH AND CASH EQUIVALENTS AS AT 31 DECEMBER 30,946,711 8,627,649