Top Chinese Dividend Stocks To Watch In September 2024

As Chinese stocks experience declines amid concerns over weak inflation data and economic pressures, investors are increasingly looking for stable opportunities in the market. Dividend stocks can offer a reliable income stream and potential resilience during uncertain times, making them an attractive option in today's landscape.

Top 10 Dividend Stocks In China

Name	Dividend Yield	Dividend Rating
Midea Group (SZSE:000333)	4.60%	★★★★★★
Kweichow Moutai (SHSE:600519)	3.96%	★★★★★★
Changhong Meiling (SZSE:000521)	3.14%	★★★★★★
Ping An Bank (SZSE:000001)	7.33%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.23%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	4.21%	★★★★★★
Inner Mongolia Yili Industrial Group (SHSE:600887)	5.44%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.67%	★★★★★★
Chacha Food Company (SZSE:002557)	3.66%	★★★★★★
Zhejiang Jiaxin SilkLtd (SZSE:002404)	5.79%	★★★★★★

Click here to see the full list of 268 stocks from our Top Chinese Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Changhong Meiling (SZSE:000521)

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

Overview: Changhong Meiling Co., Ltd. operates in the electrical machinery and equipment manufacturing industry both in China and internationally, with a market cap of CN¥9 billion.

Operations: Changhong Meiling Co., Ltd. generates revenue primarily from air conditioners (CN¥13.24 billion) and small home appliances (CN¥1.98 billion).

Dividend Yield: 3.1%

Changhong Meiling offers a strong dividend profile, with payments covered by both earnings (38.7% payout ratio) and cash flows (10% cash payout ratio). Dividends have been stable and growing over the past decade, currently yielding 3.14%, placing it in the top 25% of CN market payers. Despite recent volatility in its share price, the company reported significant revenue growth to CNY 14.95 billion for H1 2024, with net income rising to CNY 415.03 million.

• Get an in-depth perspective on Changhong Meiling's performance by reading our dividend report here.
• According our valuation report, there's an indication that Changhong Meiling's share price might be on the cheaper side.

Yunnan Aluminium (SZSE:000807)

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

Overview: Yunnan Aluminium Co., Ltd. manufactures and sells aluminum in China, with a market cap of CN¥42.93 billion.

Operations: Yunnan Aluminium Co., Ltd. generates revenue primarily through the manufacturing and sale of aluminum in China.

Dividend Yield: 3.7%

Yunnan Aluminium's dividend payments, while covered by earnings (32.2% payout ratio) and cash flows (27.9% cash payout ratio), have been volatile during its six-year history of paying dividends. The company recently approved a CNY 2.30 per 10 shares interim dividend for 2024, reflecting strong H1 performance with net income rising to CNY 2.52 billion from CNY 1.51 billion a year ago, despite an unstable dividend track record.

• Take a closer look at Yunnan Aluminium's potential here in our dividend report.
• Our valuation report unveils the possibility Yunnan Aluminium's shares may be trading at a discount.

Sichuan Hexie Shuangma (SZSE:000935)

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

Overview: Sichuan Hexie Shuangma Co., Ltd. manufactures and sells cement and related products in China, with a market cap of CN¥8.43 billion.

Operations: Sichuan Hexie Shuangma Co., Ltd. generates revenue primarily from its Building Materials Business (CN¥575.60 million) and Private Equity Investment Management Business Segment (CN¥564.70 million).

Dividend Yield: 3.1%

Sichuan Hexie Shuangma's dividend yield (3.07%) is among the top 25% in China, with payments covered by earnings (40.3% payout ratio) and cash flows (66% cash payout ratio). However, its nine-year dividend history has been volatile and unreliable, with significant annual drops exceeding 20%. Recent financials show a decline in revenue to CNY 482.43 million and net income to CNY 113.38 million for H1 2024, impacting overall stability.

• Delve into the full analysis dividend report here for a deeper understanding of Sichuan Hexie Shuangma.
• Our valuation report here indicates Sichuan Hexie Shuangma may be undervalued.

Where To Now?

• Access the full spectrum of 268 Top Chinese Dividend Stocks by clicking on this link.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Curious About Other Options?

• 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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