China Galaxy Securities analysis indicates that current policies continue to encourage listed companies to pay dividends, creating a favorable policy environment for dividend investing. From a macroeconomic perspective, global capital markets are exhibiting volatile characteristics, with uncertainties such as international trade friction and geopolitical risks unsettling market sentiment. Investors are increasingly inclined toward assets with high safety margins. Additionally, as risk-free interest rates decline and domestic wealth management product yields trend lower over the long term, high-dividend assets offer relatively stable dividend yields, presenting a significant income advantage. From a liquidity standpoint, with medium- to long-term funds entering the market, the dividend sector is expected to attract more capital inflows.
24 High-Dividend Stocks Report Positive Q3 Earnings Dividend yield is a key metric for assessing a listed company's dividend-paying capability. According to Securities Times·Databao statistics, as of October 27, 120 stocks had a dividend yield (trailing 12 months) exceeding 5%. Among them, six stocks boasted dividend yields above 10%, including Oriental Yuhong, Guanghui Energy, Thinker Control, Zhonggu Logistics, COSCO SHIPPING Holdings, and Haoxiangni.
Oriental Yuhong (002271) topped the list with a dividend yield of 13.94%. The company implemented two cash dividends over the past year—one for its 2024 profit distribution and another for its 2025 interim profit distribution—totaling RMB 5.881 billion in payouts. By the end of Q3, the stock was heavily held by two Social Security Fund portfolios, with a combined market value of RMB 521 million.
Among these high-dividend stocks, 24 reported year-on-year net profit growth for the first three quarters of the year, based on disclosed Q3 earnings data. Xiantan Co. led in net profit growth, achieving RMB 193 million in net profit for the first three quarters, up 72.48% year-on-year. By the end of Q3, two pension fund portfolios appeared among its top 10 circulating shareholders, alongside the Social Security Fund’s 413 portfolio, which also held a significant stake.
Holike Home reported a net profit of RMB 138 million for the first three quarters, up 70.92% year-on-year, primarily driven by increased operating income and reduced expenses. Excluding the impact of share-based incentive plan amortization from the previous year, net profit rose 13.62% year-on-year.
Star Lake Bioscience posted a net profit of RMB 1.015 billion for the first three quarters, up 49.9% year-on-year. Although product gross margins declined during the reporting period, the company no longer needed to account for excess profit incentives related to the Yipin Biological restructuring, leading to the year-on-year increase in net profit.
Other companies with notable net profit growth included Shangfeng Cement, Luolai Lifestyle, Jinshi Technology, Meinen Energy, and New Media Group.
High-Dividend + Low PE + Low PB Stocks Favored by Institutions Revealed The aforementioned high-dividend stocks have garnered significant attention from brokerage institutions. Databao statistics show that 69 stocks received "positive" ratings (including buy, overweight, and strong recommendations) from five or more institutions. Three leading consumer sector stocks—Huali Group, Qiaqia Food, and Yanghe Brewery—were covered in research reports by over 30 institutions.
Further analysis of valuation and market performance reveals that many of these screened stocks exhibit low price-to-earnings (PE) and price-to-book (PB) ratios, with ample upside potential. As of October 27, 20 stocks had a trailing PE below 20x, PB below 2x, and a closing price offering over 20% upside to the consensus target price. Hongcheng Environment, Phoenix Publishing, China Everbright Bank, Sophia Home, and Star Lake Bioscience ranked among the top in terms of upside potential.
Hongcheng Environment led with an upside potential of 43.92%. The company reported a net profit of RMB 933 million for the first three quarters, up 1.18% year-on-year. Guosheng Securities research noted that Hongcheng Environment focuses on its core business while driving the development of a comprehensive environmental industry chain, creating synergistic effects. The company demonstrates steady business growth and a high dividend yield. Against the backdrop of improved water and gas pricing mechanisms, its high-quality fundamentals await a revaluation.
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