Shanghai Electric And 2 Other Top Dividend Stocks To Consider
Reviewed by Simply Wall St
The Chinese stock market has recently faced challenges, with the Shanghai Composite Index and the blue-chip CSI 300 both declining by over 2% amid weak inflation data. Despite these hurdles, certain dividend stocks continue to offer potential value for investors seeking steady income streams. When considering dividend stocks in such a volatile market, it's crucial to focus on companies with strong fundamentals and consistent payout histories. Here are three top dividend stocks in China that warrant attention: Shanghai Electric and two others.
Top 10 Dividend Stocks In China
| Name | Dividend Yield | Dividend Rating |
| Midea Group (SZSE:000333) | 4.72% | ★★★★★★ |
| Anhui Anke Biotechnology (Group) (SZSE:300009) | 3.28% | ★★★★★★ |
| Changhong Meiling (SZSE:000521) | 3.50% | ★★★★★★ |
| Ping An Bank (SZSE:000001) | 7.41% | ★★★★★★ |
| Wuliangye YibinLtd (SZSE:000858) | 4.28% | ★★★★★★ |
| China South Publishing & Media Group (SHSE:601098) | 4.10% | ★★★★★★ |
| Kweichow Moutai (SHSE:600519) | 3.83% | ★★★★★★ |
| HUAYU Automotive Systems (SHSE:600741) | 4.81% | ★★★★★★ |
| Chacha Food Company (SZSE:002557) | 4.01% | ★★★★★★ |
| Zhejiang Jiaxin SilkLtd (SZSE:002404) | 5.91% | ★★★★★★ |
Click here to see the full list of 284 stocks from our Top Chinese Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Zhejiang HangminLtd (SHSE:600987)
Simply Wall St Dividend Rating: ★★★★★★
Overview: Zhejiang Hangmin Co., Ltd, with a market cap of CN¥7.24 billion, operates in China through its subsidiaries in the textile printing and dyeing industry.
Operations: Zhejiang Hangmin Co., Ltd generates its revenue primarily from the textile printing and dyeing sector in China.
Dividend Yield: 4.4%
Zhejiang Hangmin Ltd. offers a stable and growing dividend yield of 4.35%, placing it in the top 25% of dividend payers in China. With a payout ratio of 44.9% and cash payout ratio of 36%, its dividends are well-covered by both earnings and cash flows, ensuring sustainability. Recent buyback plans to repurchase up to 30 million shares at no more than CNY 9.96 per share aim to reduce registered capital, potentially enhancing shareholder value further.
- Take a closer look at Zhejiang HangminLtd's potential here in our dividend report.
- Our comprehensive valuation report raises the possibility that Zhejiang HangminLtd is priced lower than what may be justified by its financials.
Zhejiang Qianjiang Motorcycle (SZSE:000913)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Zhejiang Qianjiang Motorcycle Co., Ltd. researches, develops, manufactures, and sells motorcycles, engines, and components in China with a market cap of CN¥8.63 billion.
Operations: Zhejiang Qianjiang Motorcycle Co., Ltd. generates revenue from discrete device packaging and testing (CN¥83.64 million) and transportation equipment manufacturing (CN¥5.43 billion).
Dividend Yield: 4.6%
Zhejiang Qianjiang Motorcycle's dividend yield of 4.64% ranks in the top 25% of Chinese dividend payers, supported by a payout ratio of 78.2% and a cash payout ratio of 54.1%. However, its seven-year track record shows volatility in payments, raising concerns about reliability. Recent earnings for H1 2024 reported net income at CNY 349.2 million, up from CNY 280.61 million last year, reflecting strong financial performance despite an unstable dividend history.
- Click to explore a detailed breakdown of our findings in Zhejiang Qianjiang Motorcycle's dividend report.
- The valuation report we've compiled suggests that Zhejiang Qianjiang Motorcycle's current price could be quite moderate.
De Rucci Healthy Sleep (SZSE:001323)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: De Rucci Healthy Sleep Co., Ltd. engages in the research, development, production, and sale of healthy sleep systems both in China and internationally, with a market cap of CN¥11.29 billion.
Operations: De Rucci Healthy Sleep Co., Ltd. generates revenue through the development, manufacturing, and sales of sleep systems domestically and abroad.
Dividend Yield: 3.5%
De Rucci Healthy Sleep's dividend yield of 3.49% is in the top 25% of Chinese payers, with a payout ratio of 51.1% and a cash payout ratio of 67.1%, indicating coverage by earnings and cash flows. Despite this, its two-year track record shows volatility, with declining payments. Recent H1 2024 earnings reported sales at CNY 2.63 billion and net income at CNY 373.18 million, reflecting growth but not stabilizing dividends yet.
- Unlock comprehensive insights into our analysis of De Rucci Healthy Sleep stock in this dividend report.
- The analysis detailed in our De Rucci Healthy Sleep valuation report hints at an inflated share price compared to its estimated value.
Seize The Opportunity
- Navigate through the entire inventory of 284 Top Chinese Dividend Stocks here.
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Ready To Venture Into Other Investment Styles?
- Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
- Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
- Find companies with promising cash flow potential yet trading below their fair value.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we're here to simplify it.
Discover if Zhejiang Qianjiang Motorcycle might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SZSE:000913
Zhejiang Qianjiang Motorcycle
Researches and develops, manufactures, and sells motorcycles, engines, and components in China.
Undervalued with excellent balance sheet and pays a dividend.
