As Chinese equities have retreated in recent weeks amid weak corporate earnings and mixed economic data, investors are increasingly looking for stability in the form of dividend stocks. In the current market environment, a good dividend stock is characterized by strong fundamentals and consistent payout history, offering a potential cushion against volatility.
Top 10 Dividend Stocks In China
Name | Dividend Yield | Dividend Rating |
Midea Group (SZSE:000333) | 4.81% | ★★★★★★ |
Anhui Anke Biotechnology (Group) (SZSE:300009) | 3.23% | ★★★★★★ |
Changhong Meiling (SZSE:000521) | 3.41% | ★★★★★★ |
Ping An Bank (SZSE:000001) | 7.38% | ★★★★★★ |
Wuliangye YibinLtd (SZSE:000858) | 4.12% | ★★★★★★ |
China South Publishing & Media Group (SHSE:601098) | 4.11% | ★★★★★★ |
Kweichow Moutai (SHSE:600519) | 3.74% | ★★★★★★ |
HUAYU Automotive Systems (SHSE:600741) | 4.82% | ★★★★★★ |
Chacha Food Company (SZSE:002557) | 3.94% | ★★★★★★ |
Zhejiang Jiaxin SilkLtd (SZSE:002404) | 5.83% | ★★★★★★ |
Click here to see the full list of 277 stocks from our Top Chinese Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Hisense Visual Technology (SHSE:600060)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Hisense Visual Technology Co., Ltd. engages in the research, development, production, and sale of display products and related industry chain products both in China and internationally, with a market cap of CN¥20.60 billion.
Operations: Hisense Visual Technology Co., Ltd. generates revenue primarily from its multimedia segment, which amounts to CN¥54.20 billion.
Dividend Yield: 5%
Hisense Visual Technology has a mixed dividend history, with payments being volatile over the past decade. However, its current dividend yield of 5.01% is among the top 25% in the Chinese market. The payout ratios are sustainable, with earnings covering 55% and cash flows covering 37.8%. Recent earnings reported CNY 834 million net income for H1 2024, down from CNY 1.04 billion last year, indicating some financial pressure despite stable revenue growth to CNY 25.46 billion.
- Click to explore a detailed breakdown of our findings in Hisense Visual Technology's dividend report.
- Our comprehensive valuation report raises the possibility that Hisense Visual Technology is priced lower than what may be justified by its financials.
Shanghai Foreign Service Holding Group (SHSE:600662)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Shanghai Foreign Service Holding Group Co., Ltd. (SHSE:600662) operates in the human resources services industry and has a market cap of approximately CN¥9.66 billion.
Operations: Shanghai Foreign Service Holding Group Co., Ltd. (SHSE:600662) generates revenue through its primary operations in the human resources services industry.
Dividend Yield: 3.1%
Shanghai Foreign Service Holding Group's dividend payments have been volatile over the past decade, with a history of significant annual drops. However, its current yield of 3.07% ranks in the top 25% of Chinese dividend payers. The company's dividends are well-covered by both earnings (48.8%) and cash flows (50.1%), indicating sustainability despite past volatility. Recent earnings for H1 2024 showed net income growth to CNY 364 million from CNY 345 million last year, reflecting positive financial momentum amidst stable revenue increases to CNY 10.54 billion.
- Take a closer look at Shanghai Foreign Service Holding Group's potential here in our dividend report.
- The analysis detailed in our Shanghai Foreign Service Holding Group valuation report hints at an deflated share price compared to its estimated value.
Shandong Yanggu Huatai Chemical (SZSE:300121)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shandong Yanggu Huatai Chemical Co., Ltd. operates in the chemical industry and has a market cap of CN¥2.90 billion.
Operations: Shandong Yanggu Huatai Chemical Co., Ltd. generates CN¥3.48 billion in revenue from the Rubber and Additives Industry segment.
Dividend Yield: 3.5%
Shandong Yanggu Huatai Chemical Co., Ltd. announced a cash dividend of CNY 0.50 per 10 shares for H1 2024, though its net income dropped to CNY 138.8 million from CNY 209.38 million the previous year, reflecting a lower profit margin of 6.7%. Despite a low payout ratio (43.7%) and a P/E ratio of 12.4x below the market average, dividends have been volatile and are not covered by free cash flows, raising sustainability concerns despite being in the top tier for yield at 3.47%.
- Click here and access our complete dividend analysis report to understand the dynamics of Shandong Yanggu Huatai Chemical.
- Our comprehensive valuation report raises the possibility that Shandong Yanggu Huatai Chemical is priced higher than what may be justified by its financials.
Key Takeaways
- Explore the 277 names from our Top Chinese Dividend Stocks screener here.
- Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
- Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.
Contemplating Other Strategies?
- 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.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About SZSE:300121
Shandong Yanggu Huatai Chemical
Shandong Yanggu Huatai Chemical Co., Ltd.
Excellent balance sheet second-rate dividend payer.