3 High-Yield Dividend Stocks On The Chinese Exchange With Up To 6% Yield

Amidst a backdrop of fluctuating global markets, Chinese stocks have shown resilience, buoyed by strong export data which has somewhat offset domestic economic concerns. This context sets an intriguing stage for investors considering high-yield dividend stocks on the Chinese exchange, where a balance of risk and potential reward must be carefully navigated in light of current market dynamics.

Top 10 Dividend Stocks In China

Name	Dividend Yield	Dividend Rating
Midea Group (SZSE:000333)	4.77%	★★★★★★
Changhong Meiling (SZSE:000521)	3.98%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.57%	★★★★★★
Inner Mongolia Yili Industrial Group (SHSE:600887)	4.62%	★★★★★★
Ping An Bank (SZSE:000001)	6.91%	★★★★★★
Huangshan NovelLtd (SZSE:002014)	5.91%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.70%	★★★★★★
Chacha Food Company (SZSE:002557)	3.63%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.78%	★★★★★★
Zhejiang Jiaxin SilkLtd (SZSE:002404)	5.78%	★★★★★★

Click here to see the full list of 258 stocks from our Top Chinese Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Luzhou LaojiaoLtd (SZSE:000568)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Luzhou Laojiao Co., Ltd specializes in the production and distribution of liquor products within China, boasting a market capitalization of approximately CN¥208.32 billion.

Operations: Luzhou Laojiao Co., Ltd generates its revenue primarily through the sale of liquor products across China.

Dividend Yield: 3.8%

Luzhou Laojiao Co.,Ltd, a notable player in the Chinese market, recently declared a dividend of CNY 54 per 10 shares for 2023. Despite its unstable dividend track record with volatile payments over the past decade, recent corporate governance enhancements and leadership changes could hint at strategic shifts. The company's dividends are well-covered by earnings and cash flows, with payout ratios of 56.2% and 66% respectively. Trading significantly below its estimated fair value, Luzhou Laojiao shows potential as a dividend stock amidst growth in profits and revenue by 25.9% last year.

• Take a closer look at Luzhou LaojiaoLtd's potential here in our dividend report.
• Upon reviewing our latest valuation report, Luzhou LaojiaoLtd's share price might be too pessimistic.

Jiangsu Yanghe Distillery (SZSE:002304)

Simply Wall St Dividend Rating: ★★★★★★

Overview: Jiangsu Yanghe Distillery Co., Ltd. specializes in the production and distribution of liquors, wines, and spirits, with a market capitalization of approximately CN¥124.79 billion.

Operations: Jiangsu Yanghe Distillery generates CN¥33.70 billion from its core alcohol industry segment.

Dividend Yield: 5.6%

Jiangsu Yanghe Distillery, recently renamed, offers a robust dividend yield of 5.63%, positioning it attractively in the upper quartile of Chinese dividend stocks. The company's dividends are well-supported with a payout ratio of 68.1% and cash payout ratio at 85.1%, indicating sustainability from both earnings and cash flow perspectives. Consistent dividend increases and stable payments over the past decade underscore its reliability as a dividend payer. Recent financials show a solid performance with year-over-year revenue growth, further bolstering confidence in its dividend prospects.

• Get an in-depth perspective on Jiangsu Yanghe Distillery's performance by reading our dividend report here.
• Our valuation report unveils the possibility Jiangsu Yanghe Distillery's shares may be trading at a discount.

Shanghai Bairun Investment Holding Group (SZSE:002568)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Shanghai Bairun Investment Holding Group Co., Ltd., operating in the flavor and fragrance industry, has a market capitalization of approximately CN¥17.21 billion.

Operations: Shanghai Bairun Investment Holding Group Co., Ltd. does not have detailed revenue segment information provided in the text.

Dividend Yield: 6.1%

Shanghai Bairun Investment Holding Group's dividend yield of 6.06% places it among the top 25% of dividend payers in the Chinese market, yet its sustainability is questionable with dividends not well-covered by free cash flow or earnings, reflecting a potential risk. The company's payout ratio stands at 58.6%, suggesting some coverage by earnings, but volatility in past dividend payments indicates inconsistency. Recent activities include a share buyback totaling CNY 100.01 million and amendments to company bylaws, signaling active management and potential strategic shifts.

• Delve into the full analysis dividend report here for a deeper understanding of Shanghai Bairun Investment Holding Group.
• Our valuation report here indicates Shanghai Bairun Investment Holding Group may be undervalued.

Next Steps

• Delve into our full catalog of 258 Top Chinese Dividend Stocks here.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

Interested In Other Possibilities?

• 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.

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