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Top Chinese (SSE) Capital Goods Dividend Stocks
UPDATED Jun 26, 2022
What are the best Chinese (SSE) Capital Goods Dividend Stocks?
According to our Simply Wall St analysis these are the best Chinese Capital Goods dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.
Our criteria to find Top Dividend Companies
High Yield
- Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
- Yields vary between markets, so we focus on the top dividend payers in each market.
What do we look for?
- Is the yield in the top 25% of the market's dividend payers.
Consistent Dividends
- Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
- If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.
What do we look for?
- Has the dividend been stable over the last 10 years.
- Has the dividend grown over the last 10 years.
Dividend Cover
- Ideally the company doesn't pay out all of its earnings, neglecting future growth.
- If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.
What do we look for?
- Are dividends covered by earnings.
- Are dividends forecast to be covered by earnings in the future.
Healthy Balance Sheet
- Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
11 companies meet this criteria in the Chinese market
Zhuzhou Kibing Group Co., Ltd manufactures and sells glass in China.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 601636's dividend (6.48%) is in the top 25% of dividend payers in the CN market (1.93%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 68.7% below our estimate of its fair value
Earnings are forecast to grow 18.47% per year
Earnings grew by 53% over the past year
Risks
No risks detected for 601636 from our risks checks.
Jiangsu Linyang Energy Co., Ltd. manufactures and supplies electronic energy meters and electricity management information systems in China and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 601222's dividend (2.56%) is in the top 25% of dividend payers in the CN market (1.93%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 19.3% below our estimate of its fair value
Earnings are forecast to grow 24.26% per year
Risks
Shareholders have been diluted in the past year
Zhongyeda Electric Co., Ltd. engages in the distribution of industrial electrical products in China.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 002441's dividend (3.67%) is in the top 25% of dividend payers in the CN market (1.93%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Price-To-Earnings ratio (11.8x) is below the CN market (33.9x)
Earnings are forecast to grow 8.37% per year
Earnings grew by 47.6% over the past year
Risks
High level of non-cash earnings
Camel Group Co., Ltd. engages in the research and development, production, sale, and recycling of lead acid batteries in Asia.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 601311's dividend (1.92%) is low compared to the top 25% of dividend payers in the CN market (1.93%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 14.8% below our estimate of its fair value
Earnings are forecast to grow 30.93% per year
Risks
Shareholders have been diluted in the past year
Profit margins (5.7%) are lower than last year (8.4%)
Wuxi Huaguang Environment & Energy Group Co., Ltd.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 600475's dividend (3.33%) is in the top 25% of dividend payers in the CN market (1.93%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Price-To-Earnings ratio (9.9x) is below the CN market (33.9x)
Earnings are forecast to grow 18.43% per year
Earnings grew by 10% over the past year
Risks
No risks detected for 600475 from our risks checks.
Neway Valve (Suzhou) Co., Ltd. researches, develops, produces, sells, and services industrial valves in the People’s Republic of China and internationally.
Dividend Criteria
Earnings Coverage
High Dividend: 603699's dividend (2.91%) is in the top 25% of dividend payers in the CN market (1.93%)
Notable Dividend
Future Dividend Coverage
Growing Dividend
Stable Dividend
Rewards
Trading at 77.7% below our estimate of its fair value
Earnings are forecast to grow 24.05% per year
Risks
No risks detected for 603699 from our risks checks.
Tianrun Industry Technology Co., Ltd. manufactures and sells internal combustion engine crankshafts in China.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 002283's dividend (1.45%) is low compared to the top 25% of dividend payers in the CN market (1.93%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 85% below our estimate of its fair value
Earnings are forecast to grow 29.56% per year
Risks
No risks detected for 2283 from our risks checks.
Beijing Sifang Automation Co.,Ltd supplies products, solutions, and services in the fields of protection, monitoring, control, and automation of electric power systems in China and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: 601126's dividend (2.98%) is in the top 25% of dividend payers in the CN market (1.93%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Price-To-Earnings ratio (28x) is below the CN market (33.9x)
Earnings are forecast to grow 30.88% per year
Risks
Volatile share price over the past 3 months