3 High-Yielding Dividend Stocks From China With Yields Up To 4.7%

Amidst a backdrop of fluctuating global markets, Chinese stocks have shown resilience, buoyed by strong export data that has somewhat offset domestic economic pressures. In this context, high-yielding dividend stocks from China may offer investors a compelling blend of income and exposure to the world's second-largest economy.

Top 10 Dividend Stocks In China

Name	Dividend Yield	Dividend Rating
Midea Group (SZSE:000333)	4.62%	★★★★★★
Changhong Meiling (SZSE:000521)	4.03%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.66%	★★★★★★
Inner Mongolia Yili Industrial Group (SHSE:600887)	4.71%	★★★★★★
Ping An Bank (SZSE:000001)	6.96%	★★★★★★
Huangshan NovelLtd (SZSE:002014)	5.82%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.54%	★★★★★★
Chacha Food Company (SZSE:002557)	3.68%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.87%	★★★★★★
Zhejiang Jiaxin SilkLtd (SZSE:002404)	5.63%	★★★★★★

Click here to see the full list of 252 stocks from our Top Chinese Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Yunnan Yuntianhua (SHSE:600096)

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

Overview: Yunnan Yuntianhua Co., Ltd. operates in China, focusing on chemical fertilizers and agriculture, phosphate mining, fine chemicals, and trade and logistics with a market cap of CN¥38.56 billion.

Operations: Yunnan Yuntianhua Co., Ltd. generates revenue primarily from its operations in chemical fertilizers and agriculture, phosphate mining, fine chemicals, and trade and logistics within China.

Dividend Yield: 4.8%

Yunnan Yuntianhua has shown a growth in dividend payments over the last decade, though its track record for stability and reliability is mixed, with some volatility and unreliability noted. Financially, it carries a high level of debt which could be concerning. Positively, dividends seem well-supported by earnings with a payout ratio of 41.5% and cash flows with a cash payout ratio of 21.1%. Additionally, it trades at 58.8% below estimated fair value and offers a competitive yield of 4.76%, positioning it attractively in the top quartile for dividend yields within its market.

• Take a closer look at Yunnan Yuntianhua's potential here in our dividend report.
• According our valuation report, there's an indication that Yunnan Yuntianhua's share price might be on the cheaper side.

Shanghai Shine-Link International Logistics (SHSE:603648)

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

Overview: Shanghai Shine-Link International Logistics Co., Ltd. is a logistics company based in China, with a market capitalization of approximately CN¥3.05 billion.

Operations: Shanghai Shine-Link International Logistics Co., Ltd. generates CN¥1.65 billion from its supply chain management segment.

Dividend Yield: 4.2%

Shanghai Shine-Link International Logistics offers a dividend yield of 4.16%, ranking in the top 25% in the Chinese market. Despite a less than decade-long history of dividend payments, its dividends are supported by both earnings and cash flows, with payout ratios at 86.2% and cash payout ratios at 69.5% respectively. However, recent financials show a dip in net income from CNY 46.46 million to CNY 40.52 million as of Q1 2024, suggesting potential concerns about sustained profitability and growth amidst stable but short-term dividend commitments.

• Click here to discover the nuances of Shanghai Shine-Link International Logistics with our detailed analytical dividend report.
• In light of our recent valuation report, it seems possible that Shanghai Shine-Link International Logistics is trading behind its estimated value.

Wanxiang QianchaoLtd (SZSE:000559)

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

Overview: Wanxiang Qianchao Co., Ltd. specializes in the research, development, manufacturing, and sales of auto parts both domestically and internationally, with a market capitalization of CN¥15.10 billion.

Operations: Wanxiang Qianchao Co., Ltd. generates its revenues primarily from the production and sale of automotive parts across both domestic and international markets.

Dividend Yield: 3.3%

Wanxiang Qianchao Co.,Ltd. maintains a dividend yield of 3.28%, placing it in the top quartile of Chinese dividend stocks. The company's dividends are well-supported with a payout ratio of 59.1% and cash payout ratio at 79.3%. Despite this, its dividend history over the past decade has been inconsistent, marked by volatility and recent decreases in payouts, such as the final cash dividend for 2023 set at CNY 1.50 per 10 shares, reflecting potential instability in future distributions.

• Click to explore a detailed breakdown of our findings in Wanxiang QianchaoLtd's dividend report.
• Our comprehensive valuation report raises the possibility that Wanxiang QianchaoLtd is priced higher than what may be justified by its financials.

Taking Advantage

• Click this link to deep-dive into the 252 companies within our Top Chinese Dividend Stocks screener.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Want To Explore Some Alternatives?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com