<p><strong>朝雲集團有限公司</strong>（HKG:6601）的股息將從去年同期的支付減少至 10 月 9 日的 CN¥0.0571。該收益率仍高於行業平均水平，達到 5.3%。</p>
<p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
<h2>朝雲集團未來的股息可能面臨風險</h2>
<p>令人印象深刻的股息收益率固然好，但如果支付無法維持，這並沒有太大意義。在發佈此公告之前，朝雲集團支付了相當大比例的收益，並且也沒有產生正的自由現金流。我們認為這種做法可能會使未來的股息變得相當風險。</p>
<p>預計每股收益在未來一年將增長 14.9%。假設股息繼續沿着近期趨勢發展，我們認為支付比率可能達到 97%，這可能無法持續，而會對資產負債表施加一些壓力。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/704621818-historic-dividend-1-dark-2/1756795402813?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/704621818-historic-dividend-1-dark-2/1756795402813"/></p>
<p>SEHK:6601 歷史股息 2025 年 9 月 2 日</p>
<p>查看我們對朝雲集團的最新分析</p>
<h2>朝雲集團的股息缺乏一致性</h2>
<p>即使在其短暫的歷史中，我們也看到過股息被削減。股息從 2021 年的年總額 CN¥0.044 減少到最近的年總支付 CN¥0.122。這意味着在此期間其分配以每年 29% 的速度增長。儘管朝雲集團在過去至少削減過一次股息，但其分配增長速度仍然很快。削減一次的公司往往會再次削減，因此我們對僅僅為了股息收入而購買該股票持謹慎態度。</p>
<h2>股息增長可能難以實現</h2>
<p>鑑於過去曾削減股息，我們需要檢查收益是否在增長，以及這是否可能導致未來更強的股息。在過去五年中，朝雲集團的每股收益似乎每年下降約 7.4%。收益的適度下降並不好，這使得未來股息增長的可能性相當小，除非這一趨勢能夠逆轉。然而，明年實際上看起來不錯，收益預計將上升。我們會等到這成為一種模式後再過於興奮。</p>
<h2>股息可能被證明不可靠</h2>
<p>總體而言，看到股息被削減並不理想，但這可能是由於之前支付的金額有些過高。支付金額略高，無法被視為可持續，且過往記錄並不理想。如果收入是你的重點，我們認為朝雲集團並不是一個很好的股票來加入你的投資組合。</p>
<p>市場動向證明了一致的股息政策相比於更不可預測的政策是多麼被高度重視。同時，在投入資金到一隻股票之前，我們的讀者還應注意其他因素。進一步探討這一問題，我們已識別出 <strong>朝雲集團的 1 個警示信號</strong>，投資者在未來需要關注。想要尋找更多高收益的股息投資想法？試試我們的 <strong>強勁股息支付者集合。</strong></p>

朝雲集團

<p>朝雲集團 (HKG:6601) 宣佈將股息減少至每股 CN¥0.0571，低於去年的支付水平。儘管收益率為 5.3%，但由於高派息比率和缺乏正現金流，未來股息的可持續性引發了擔憂。每股收益預計將增長 14.9%，但過去的股息削減和五年來盈利下降使得關注收入的投資者需保持謹慎。該公司的不穩定股息歷史暗示未來支付存在潛在風險</p>

<p><strong>Cheerwin Group Limited's</strong> (HKG:6601) dividend is being reduced from last year's payment covering the same period to CN¥0.0571 on the 9th of October. The yield is still above the industry average at 5.3%.</p>
<div class="lb-trans"><p><strong>朝雲集團有限公司</strong>（HKG:6601）的股息將從去年同期的支付減少至 10 月 9 日的 CN¥0.0571。該收益率仍高於行業平均水平，達到 5.3%。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
</div><h2>Cheerwin Group's Future Dividends May Potentially Be At Risk</h2>
<div class="lb-trans"><h2>朝雲集團未來的股息可能面臨風險</h2>
</div><p>Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Before making this announcement, Cheerwin Group was paying out a fairly large proportion of earnings, and it wasn't generating positive free cash flows either. We think that this practice can make the dividend quite risky in the future.</p>
<div class="lb-trans"><p>令人印象深刻的股息收益率固然好，但如果支付無法維持，這並沒有太大意義。在發佈此公告之前，朝雲集團支付了相當大比例的收益，並且也沒有產生正的自由現金流。我們認為這種做法可能會使未來的股息變得相當風險。</p>
</div><p>Earnings per share is forecast to rise by 14.9% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could reach 97%, which probably can't continue without putting some pressure on the balance sheet.</p>
<div class="lb-trans"><p>預計每股收益在未來一年將增長 14.9%。假設股息繼續沿着近期趨勢發展，我們認為支付比率可能達到 97%，這可能無法持續，而會對資產負債表施加一些壓力。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/704621818-historic-dividend-1-dark-2/1756795402813" alt="" original-src="https://images.simplywall.st/asset/chart/704621818-historic-dividend-1-dark-2/1756795402813"/></p>
<p>SEHK:6601 Historic Dividend September 2nd 2025</p>
<div class="lb-trans"><p>SEHK:6601 歷史股息 2025 年 9 月 2 日</p>
</div><p>Check out our latest analysis for Cheerwin Group</p>
<div class="lb-trans"><p>查看我們對朝雲集團的最新分析</p>
</div><h2>Cheerwin Group's Dividend Has Lacked Consistency</h2>
<div class="lb-trans"><h2>朝雲集團的股息缺乏一致性</h2>
</div><p>Even in its short history, we have seen the dividend cut. The dividend has gone from an annual total of CN¥0.044 in 2021 to the most recent total annual payment of CN¥0.122. This means that it has been growing its distributions at 29% per annum over that time. Cheerwin Group has grown distributions at a rapid rate despite cutting the dividend at least once in the past. Companies that cut once often cut again, so we would be cautious about buying this stock solely for the dividend income.</p>
<div class="lb-trans"><p>即使在其短暫的歷史中，我們也看到過股息被削減。股息從 2021 年的年總額 CN¥0.044 減少到最近的年總支付 CN¥0.122。這意味着在此期間其分配以每年 29% 的速度增長。儘管朝雲集團在過去至少削減過一次股息，但其分配增長速度仍然很快。削減一次的公司往往會再次削減，因此我們對僅僅為了股息收入而購買該股票持謹慎態度。</p>
</div><h2>Dividend Growth May Be Hard To Come By</h2>
<div class="lb-trans"><h2>股息增長可能難以實現</h2>
</div><p>Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Over the past five years, it looks as though Cheerwin Group's EPS has declined at around 7.4% a year. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. However, the next year is actually looking up, with earnings set to rise. We would just wait until it becomes a pattern before getting too excited.</p>
<div class="lb-trans"><p>鑑於過去曾削減股息，我們需要檢查收益是否在增長，以及這是否可能導致未來更強的股息。在過去五年中，朝雲集團的每股收益似乎每年下降約 7.4%。收益的適度下降並不好，這使得未來股息增長的可能性相當小，除非這一趨勢能夠逆轉。然而，明年實際上看起來不錯，收益預計將上升。我們會等到這成為一種模式後再過於興奮。</p>
</div><h2>The Dividend Could Prove To Be Unreliable</h2>
<div class="lb-trans"><h2>股息可能被證明不可靠</h2>
</div><p>Overall, it's not great to see that the dividend has been cut, but this might be explained by the payments being a bit high previously. The payments are bit high to be considered sustainable, and the track record isn't the best. We don't think Cheerwin Group is a great stock to add to your portfolio if income is your focus.</p>
<div class="lb-trans"><p>總體而言，看到股息被削減並不理想，但這可能是由於之前支付的金額有些過高。支付金額略高，無法被視為可持續，且過往記錄並不理想。如果收入是你的重點，我們認為朝雲集團並不是一個很好的股票來加入你的投資組合。</p>
</div><p>Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Taking the debate a bit further, we've identified <strong>1 warning sign for Cheerwin Group</strong> that investors need to be conscious of moving forward. Looking for more high-yielding dividend ideas? Try our <strong>collection of strong dividend payers.</strong></p>
<div class="lb-trans"><p>市場動向證明了一致的股息政策相比於更不可預測的政策是多麼被高度重視。同時，在投入資金到一隻股票之前，我們的讀者還應注意其他因素。進一步探討這一問題，我們已識別出 <strong>朝雲集團的 1 個警示信號</strong>，投資者在未來需要關注。想要尋找更多高收益的股息投資想法？試試我們的 <strong>強勁股息支付者集合。</strong></p>
</div>

朝雲集團（HKG:6601）今年的股息將低於去年