Beijing Sifang AutomationLtd And Two Other High Yield Dividend Stocks

Amid a backdrop of buoyant holiday spending and optimistic economic indicators, the Chinese market has shown signs of recovery, with key indices like the Shanghai Composite and the CSI 300 experiencing gains. In this context, exploring high-yield dividend stocks such as Beijing Sifang Automation Ltd could be particularly compelling for investors looking to capitalize on China's economic momentum.

Top 10 Dividend Stocks In China

Name	Dividend Yield	Dividend Rating
Shandong Wit Dyne HealthLtd (SZSE:000915)	5.61%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.09%	★★★★★★
Inner Mongolia Yili Industrial Group (SHSE:600887)	4.31%	★★★★★★
Midea Group (SZSE:000333)	4.23%	★★★★★★
Ping An Bank (SZSE:000001)	6.59%	★★★★★★
Jiangsu Yanghe Brewery (SZSE:002304)	4.88%	★★★★★★
Changchun High-Tech Industry (Group) (SZSE:000661)	3.83%	★★★★★★
Huangshan NovelLtd (SZSE:002014)	5.33%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.26%	★★★★★★
Zhejiang Jiaxin SilkLtd (SZSE:002404)	4.52%	★★★★★★

Click here to see the full list of 170 stocks from our Top Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Beijing Sifang AutomationLtd (SHSE:601126)

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

Overview: Beijing Sifang Automation Co., Ltd. specializes in providing systems for power transmission, transformation protection, automation, generation, and distribution both domestically and internationally, with a market capitalization of CN¥14.70 billion.

Operations: Beijing Sifang Automation Co., Ltd. generates revenue primarily through the sale of systems for power transmission, transformation protection, automation, generation, and distribution across both domestic and international markets.

Dividend Yield: 3.4%

Beijing Sifang Automation Co., Ltd has demonstrated solid financial growth with a significant increase in sales and net income as reported in its Q1 2024 earnings, showing a rise from CNY 1.18 billion to CNY 1.54 billion in sales, and from CNY 141.95 million to CNY 181.06 million in net income compared to the same period last year. Despite this positive trend, the company's dividend history is marked by volatility over the past decade, raising concerns about the reliability of future dividend payments. However, current dividends are well-covered by both earnings and cash flows, with payout ratios at 75% and cash payout ratios at 39.8%, respectively.

• Delve into the full analysis dividend report here for a deeper understanding of Beijing Sifang AutomationLtd.
• Insights from our recent valuation report point to the potential undervaluation of Beijing Sifang AutomationLtd shares in the market.

Nacity Property Service GroupLtd (SHSE:603506)

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

Overview: Nacity Property Service Group Co., Ltd. provides real estate property management services in China, with a market capitalization of approximately CN¥2.06 billion.

Operations: Nacity Property Service Group Co., Ltd. generates its revenues primarily from real estate property management services in China.

Dividend Yield: 3.2%

Nacity Property Service GroupLtd, with a P/E ratio of 12.4x, operates below the CN market average of 31.9x, suggesting good value. Its dividend yield stands at 3.15%, higher than the CN market's average of 2.26%. Despite a short history of dividend payments under ten years and recent financial setbacks in Q1 2024—where net income halved to CNY 20.83 million from CNY 40.33 million year-over-year—the dividends appear sustainable with a payout ratio at 38.9% and cash payout ratio at 82.9%. However, share price volatility could be a concern for potential investors.

• Take a closer look at Nacity Property Service GroupLtd's potential here in our dividend report.
• The valuation report we've compiled suggests that Nacity Property Service GroupLtd's current price could be inflated.

Zhejiang Jiaxin SilkLtd (SZSE:002404)

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

Overview: Zhejiang Jiaxin Silk Corp., Ltd. is a company that specializes in the manufacturing and selling of silk products, with a market capitalization of approximately CN¥3.78 billion.

Operations: Zhejiang Jiaxin Silk Corp., Ltd. generates its revenues primarily from the manufacturing and sales of silk products.

Dividend Yield: 4.5%

Zhejiang Jiaxin Silk Corp.,Ltd. recently declared a dividend of CNY 3.00 per 10 shares for 2023, maintaining its record of stable and growing dividends over the past decade. The company's dividend sustainability is supported by a payout ratio of 78.9% and cash payout ratio of 70%, ensuring dividends are well-covered by earnings and cash flows. Despite a slight dip in net income to CNY 48.49 million in Q1 2024 from CNY 52.48 million year-over-year, the firm's commitment to shareholder returns is evident with its recent completion of a share buyback worth CNY 50.1 million, enhancing shareholder value.

• Dive into the specifics of Zhejiang Jiaxin SilkLtd here with our thorough dividend report.
• Our expertly prepared valuation report Zhejiang Jiaxin SilkLtd implies its share price may be too high.

Seize The Opportunity

• Reveal the 170 hidden gems among our Top Dividend Stocks screener with a single click 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.

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