Shandong Publishing&MediaLtd And Two More Top Dividend Stocks To Explore

Amid a backdrop of economic stabilization measures, China's financial markets have shown resilience, particularly highlighted by the government's recent efforts to bolster the property sector. In such an environment, exploring dividend stocks like Shandong Publishing & Media Ltd offers investors a potential avenue for steady income, considering the broader market conditions and ongoing economic reforms.

Top 10 Dividend Stocks In China

Name	Dividend Yield	Dividend Rating
Shandong Wit Dyne HealthLtd (SZSE:000915)	5.89%	★★★★★★
Midea Group (SZSE:000333)	4.51%	★★★★★★
Inner Mongolia Yili Industrial Group (SHSE:600887)	4.20%	★★★★★★
Ping An Bank (SZSE:000001)	6.32%	★★★★★★
Jiangsu Yanghe Brewery (SZSE:002304)	4.78%	★★★★★★
Changchun High-Tech Industry (Group) (SZSE:000661)	3.85%	★★★★★★
Huangshan NovelLtd (SZSE:002014)	5.38%	★★★★★★
Shenzhen Fuanna Bedding and FurnishingLtd (SZSE:002327)	5.23%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.25%	★★★★★★
Zhejiang Jiaxin SilkLtd (SZSE:002404)	4.76%	★★★★★★

Click here to see the full list of 178 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Shandong Publishing&MediaLtd (SHSE:601019)

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

Overview: Shandong Publishing&Media Co., Ltd operates in China, focusing on the publication of textbooks, supplementary materials, general books, periodicals, and electronic audio-visual and digital products with a market capitalization of CN¥25.48 billion.

Operations: Shandong Publishing&Media Co., Ltd generates its revenue primarily from the publication of textbooks, supplementary materials, general books, periodicals, and electronic audio-visual and digital products.

Dividend Yield: 3.2%

Shandong Publishing&Media Co., Ltd has shown robust financial performance with its recent year-over-year sales growth from CNY 11.23 billion to CNY 12.15 billion and a significant increase in net income from CNY 1.68 billion to CNY 2.38 billion. Despite a stable dividend history over the past six years, the company's dividends are well-covered by both earnings and cash flows, with payout ratios of 45.4% and 42.8% respectively, indicating sustainability although the forecast suggests a potential average earnings decline of 3.4% annually over the next three years.

• Delve into the full analysis dividend report here for a deeper understanding of Shandong Publishing&MediaLtd.
• Our valuation report unveils the possibility Shandong Publishing&MediaLtd's shares may be trading at a discount.

Xinjiang Xuefeng Sci-Tech(Group)Co.Ltd (SHSE:603227)

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

Overview: Xinjiang Xuefeng Sci-Tech (Group) Co., Ltd operates primarily in the research, development, production, and sale of civil explosives with a market capitalization of approximately CN¥8.03 billion.

Operations: Xinjiang Xuefeng Sci-Tech (Group) Co., Ltd generates its revenue primarily through the research, development, production, and sales of civil explosives.

Dividend Yield: 3.3%

Xinjiang Xuefeng Sci-Tech(Group)Co.,Ltd has experienced a decrease in both quarterly and annual revenues, with recent figures showing a drop from CNY 1.82 billion to CNY 1.18 billion year-over-year for the quarter, and an increase in annual net income from CNY 665.83 million to CNY 853.53 million. The company maintains a low payout ratio of 35.7% and cash payout ratio of 27.9%, supporting sustainable dividend payments despite its short and volatile dividend history over just eight years, marked by inconsistent growth and reliability issues in dividend distribution.

• Navigate through the intricacies of Xinjiang Xuefeng Sci-Tech(Group)Co.Ltd with our comprehensive dividend report here.
• The analysis detailed in our Xinjiang Xuefeng Sci-Tech(Group)Co.Ltd valuation report hints at an deflated share price compared to its estimated value.

Shanghai Bairun Investment Holding Group (SZSE:002568)

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

Overview: Shanghai Bairun Investment Holding Group Co., Ltd. is a diversified company primarily engaged in the production and distribution of flavorings and beverages, with a market capitalization of approximately CN¥24.28 billion.

Operations: Shanghai Bairun Investment Holding Group Co., Ltd. generates its revenue primarily from the production and sales of flavorings and beverages.

Dividend Yield: 4.3%

Shanghai Bairun Investment Holding Group reported a Q1 2024 revenue of CNY 801.91 million and net income of CNY 169.45 million, showing growth from the previous year. However, its dividends may be concerning as they are not well covered by cash flows or earnings, with a payout ratio of 58.6%. Despite this, dividends have increased over the past decade but have been marked by volatility and unreliability in payments. The company also completed a share buyback worth CNY 73.05 million recently, indicating potential confidence in its valuation.

• Click to explore a detailed breakdown of our findings in Shanghai Bairun Investment Holding Group's dividend report.
• Our expertly prepared valuation report Shanghai Bairun Investment Holding Group implies its share price may be too high.

Taking Advantage

• Click here to access our complete index of 178 Top Dividend Stocks.
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Looking For Alternative Opportunities?

• 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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