Dividend yield up to 7.79%! Defensive blue-chip stocks emerge, 6 stocks see earnings surge over 50%

The emerging “anti-drop” strength is surfacing.

List of High-Performing Stocks Resistant to Declines

Recently, amid escalating conflicts in the Middle East, the A-share market has experienced increased volatility due to a mix of domestic and international factors. On March 23, the Shanghai Composite Index briefly fell below 3,800 points during trading, and market sentiment became cautious, with funds rapidly withdrawing from high-volatility sectors. However, not all stocks followed the trend.

In this adjustment, a group of stocks demonstrating resilience is emerging. These resilient, high-performing stocks are supported by solid earnings and are trading at relatively low valuations.

According to data from Securities Times and Data Treasure, stocks meeting the following criteria were identified as resilient and high-quality: 1. As of the close on March 23, the latest closing price has retreated less than 10% from the year’s high; 2. The rolling P/E ratio is below 30; 3. Based on 2025 annual report, earnings forecast, or performance notice, the net profit for 2025 is positive and shows year-over-year growth (including turnaround from loss to profit).

A total of 35 stocks meet these criteria. These stocks are mainly from industries such as pharmaceuticals and biotechnology, banking, utilities, transportation, electrical equipment, and food and beverages, with both pharmaceuticals/biotech and banking sectors having 7 stocks each.

Regarding earnings growth, six stocks are projected to have a net profit growth rate of over 50% in 2025, including San Sheng Guo Jian, Qianyuan Electric Power, Putailai, Suihengyun A, Yanjing Beer, and Zhongke Electric.

San Sheng Guo Jian’s performance forecast shows a net profit of 2.939 billion yuan in 2025, a year-over-year increase of 317.09%, ranking first in growth rate. During the period, the company reached a significant cooperation with Pfizer, receiving an initial licensing payment of approximately 2.89 billion yuan for Project 707, which was recognized as revenue.

Qianyuan Electric Power expects a net profit of 567 million to 632 million yuan in 2025, up 160% to 190% year-over-year. During the period, water inflow was 45% higher than the same period last year, with electricity generation reaching 12.12 billion kWh, an increase of 71.9%, boosting revenue and profit from power generation.

Putailai achieved a net profit of 2.359 billion yuan in 2025, up 98.14%. The report indicates that the global automotive market continues to trend toward electrification and intelligence, energy storage demand is growing strongly, the consumer electronics market is recovering, and the phased inventory cycle for new energy batteries and materials has ended, leading to an overall improvement in industry conditions. The company’s wet-process membrane and coating business expanded significantly; silicon-carbon anode mass production has begun, stabilizing operations; sales of functional materials like PVDF, PAA, and ceramic coating materials are rapidly increasing, contributing to performance growth.

23 Stocks with High Dividend Characteristics

Among the 35 resilient, high-quality stocks, many are generous in rewarding investors, with dividend yields at high levels. Data Treasure reports that as of the close on March 23, 23 stocks had dividend yields (over the past 12 months) exceeding 2%, including China Merchants Bank, Jiangsu Guotai, Shanghai Bank, and SuNong Bank, all with yields over 5%.

China Merchants Bank’s dividend yield is 7.79%, ranking first. The company’s net profit in 2025 is expected to be 150.2 billion yuan, up 1.21%. As of the end of 2025, the group’s non-performing loan ratio was 0.94%, down 0.01 percentage points from the previous year; the provision coverage ratio was 391.79%, down 20.19 percentage points; the loan provision coverage rate was 3.68%, down 0.24 percentage points.

Jiangsu Guotai’s dividend yield is 5.4%. The company’s net profit in 2025 is expected to be 1.294 billion yuan, up 17.05%. During the period, investment gains from reducing holdings in listed companies contributed to overall profit growth; the export volume in the supply chain sector remained stable, and business structure was further optimized, improving profitability.

Shanghai Bank’s dividend yield is 5.39%. Its net profit in 2025 is projected at 24.193 billion yuan, up 2.69%. The bank maintained stable asset quality, with a non-performing loan ratio of 1.18%, unchanged from the end of last year; the provision coverage ratio was 244.94%, down 24.87 percentage points year-over-year.

6 Stocks with Daily Trading Volume Doubling Month-over-Month

From the secondary market perspective, among the 35 stocks, 23 saw their average daily trading volume increase by more than 10% compared to last month since March, with six stocks experiencing a doubling of daily trading volume. These include Jian Sheng Group, Qianyuan Electric Power, Putailai, Zhongke Electric, Yuan Chuang Shares, and Suihengyun A.

Jian Sheng Group’s average daily trading volume in March reached 148 million yuan, a 203.38% increase from the previous month, ranking first. The company’s net profit in 2025 is expected to be 405 million yuan, up 24.62%. Northeast Securities’ research report suggests that Jian Sheng Group’s performance exceeded expectations. The company’s expansion in Egypt, diversified advantages, healthy cash flow, and overall operational health support continued order recovery and profit improvement.