A-Share Screen Combining Moderate Turnover, Profit Growth, and Ownership Concentration

Summary

This stock-selection proposal combines three filters: turnover between 3% and 12%, year-over-year growth in net profit attributable to the parent company above 20% and no more than 100%, and shareholder ownership concentration above 70%. The document provides sample indicator conditions and a Python outline that retrieves trading, profit, and shareholder data, then sorts qualifying stocks by turnover.

The screen aims to pair moderate trading activity with earnings growth and concentrated ownership, but the article reports no backtest or evidence of investment performance. It warns that the filters omit industry conditions, competitive position, and broader financial context. The ownership measure may also be misleading when a high proportion reflects a small absolute holding. The author suggests considering additional valuation or dividend measures and evaluating the concentration calculation alongside company-specific information.

Key ideas

• The screen requires turnover between 3% and 12% and parent-attributable net profit growth above 20% and up to 100% year over year.
• It also requires shareholder ownership concentration above 70%.
• The document gives sample screening logic and a Python outline, but reports no backtest results.
• The author cautions that the filters omit industry and company context.
• A high concentration ratio may be misleading when the underlying shareholding is small in absolute terms.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.