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Dividend Yield: 9%

Sinotrans Limited reported H1 2024 sales of CNY 56.37 billion, up from CNY 48.10 billion a year ago, but net income dropped to CNY 1.95 billion from CNY 2.19 billion. The company declared an interim dividend of RMB 0.145 per share despite volatile dividends over the past decade and high cash payout ratios indicating unsustainable dividends long-term. Recent board changes include appointing Mr. Yang Guofeng as a non-executive director to enhance corporate governance and sustainability strategy integration.

• Delve into the full analysis dividend report here for a deeper understanding of Sinotrans.

• In light of our recent valuation report, it seems possible that Sinotrans is trading behind its estimated value.

Xinyi Glass Holdings

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

Overview: Xinyi Glass Holdings Limited, an investment holding company with a market cap of HK$29.83 billion, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications.

Operations: Xinyi Glass Holdings Limited generates revenue from float glass (HK$20.30 billion), automobile glass (HK$6.25 billion), and architectural glass (HK$3.30 billion).

Dividend Yield: 9.6%

Xinyi Glass Holdings declared an interim dividend of HK$0.31 per share for H1 2024, payable on 16 October 2024, with a scrip option available. Despite a high cash payout ratio of 157.1%, dividends are covered by earnings due to a low payout ratio of 48.1%. The company's net income rose to HK$2.73 billion from HK$2.15 billion year-on-year, though sales decreased slightly to HK$11.81 billion from HK$12.62 billion in the same period last year.

• Click here and access our complete dividend analysis report to understand the dynamics of Xinyi Glass Holdings.

• Our comprehensive valuation report raises the possibility that Xinyi Glass Holdings is priced lower than what may be justified by its financials.

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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.

Companies discussed in this article include SEHK:2319 SEHK:598 and SEHK:868.

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