Chinese Undervalued Dividend Payers

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥71.3b

Henan Shenhuo Coal Industry and Electricity Power Co.

Yunnan Yuntianhua

Market Cap: CN¥68.7b

Manufactures and sells phosphate and nitrogen fertilizers and formaldehyde copolymers in China.

Bank of Chengdu

Market Cap: CN¥66.5b

Provides various commercial banking products and services in China.

Zhejiang Zheneng Electric Power

Market Cap: CN¥66.4b

Zhejiang Zheneng Electric Power Co., Ltd.

Huadong Medicine

Market Cap: CN¥65.9b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Inner Mongolia Dian Tou Energy

Market Cap: CN¥65.2b

Engages in the research, production, and sale of coal products in China.

HUAYU Automotive Systems

Market Cap: CN¥64.8b

Researches and develops, manufactures, and sells automotive parts worldwide.

ENN Natural GasLtd

Market Cap: CN¥60.3b

Engages in natural gas distribution, trading, storage, transportation, production, and engineering in China.

Anhui Gujing Distillery

Market Cap: CN¥60.3b

Engages in the production and sale of distilled wine in the People’s Republic of China and internationally.

YTO Express GroupLtd

Market Cap: CN¥60.0b

Operates express delivery business in China and internationally.

Shanghai Pharmaceuticals Holding

Market Cap: CN¥58.6b

Shanghai Pharmaceuticals Holding Co., Ltd.

China National Chemical Engineering

Market Cap: CN¥54.5b

China National Chemical Engineering Co., Ltd.

Sailun Group

Market Cap: CN¥50.1b

Engages in the research and development, manufacturing, and sale of tires and tire recycling products in China, Europe, the United States, Asia, Africa, and internationally.

China Resources Sanjiu Medical & Pharmaceutical

Market Cap: CN¥47.2b

China Resources Sanjiu Medical & Pharmaceutical Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥46.7b

Manufactures and sells building materials in China and internationally.

Yealink Network Technology

Market Cap: CN¥46.6b

Provides video conferencing, voice communications, and collaboration solutions worldwide.

CNOOC Energy Technology & Services

Market Cap: CN¥43.1b

Operates as an offshore and onshore oil and gas production company in China and internationally.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥42.0b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Bank of Changsha

Market Cap: CN¥37.7b

Provides various banking products and services to personal and business customers in China.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥36.6b

Manufactures and sells power distribution in China and internationally.

Hengdian Group DMEGC Magnetics Ltd

Market Cap: CN¥35.0b

Provides magnetic materials, components, PV solar products, and lithium-ion batteries in China and internationally.

Sany Renewable EnergyLtd

Market Cap: CN¥34.6b

Engages in the research and development, manufacture, and sale of wind turbines and generators in China.

G-bits Network Technology (Xiamen)

Market Cap: CN¥32.7b

G-bits Network Technology (Xiamen) Co., Ltd.

Anjoy Foods Group

Market Cap: CN¥32.4b

Engages in the research, development, processing, production, wholesaling, retailing, and sale of quick-frozen food products in China.

Dong-E-E-JiaoLtd

Market Cap: CN¥32.3b

Engages in the research, development, production, and sale of donkey-hide gelatin and other Chinese patent medicines in China.

Hisense Home Appliances Group

Market Cap: CN¥32.3b

Engages in the central air-conditioning business in the People’s Republic of China and internationally.

Loncin Motor

Market Cap: CN¥32.1b

Manufactures and sells generating sets, agricultural machinery equipment, light-duty power units, and two-wheeled motorcycles in Japan and internationally.

Hisense Visual Technology

Market Cap: CN¥31.7b

Engages in the research and development, production, and sales of display chips and internet operation services in China and internationally.

Anhui Yingjia Distillery

Market Cap: CN¥31.3b

Operates in the brewing industry in China.

Yifeng Pharmacy Chain

Market Cap: CN¥30.1b

Engages in the retail business of pharmaceutical products in China.

Livzon Pharmaceutical Group

Market Cap: CN¥29.4b

Researches, develops, produces, exports, and sells pharmaceutical products, and active pharmaceutical ingredients (API) and intermediates in the People’s Republic of China and internationally.

Offshore Oil EngineeringLtd

Market Cap: CN¥28.9b

Engages in the design, procurement, construction, offshore installation, commissioning and maintenance of offshore oil and gas development projects in China and internationally.

Proya CosmeticsLtd

Market Cap: CN¥28.8b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Sinoma International EngineeringLtd

Market Cap: CN¥28.2b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Xiamen C&D

Market Cap: CN¥27.2b

Engages in the supply chain and real estate development businesses in China and internationally.

AIMA Technology Group

Market Cap: CN¥26.6b

Engages in the research and development, production, and sale of electric bicycles, mopeds, and motorcycles in China and internationally.