A-Share Screen Using Turnover, Market Cap, Profitability, and Price

Summary

This note describes a simple China A-share stock screen combining a turnover range of 3% to 12%, market capitalization below 10 billion yuan, no reported loss, and a closing price of 18.5 yuan. It presents the screen as a way to identify candidates for longer-term investing and includes example formula and Python-style implementation details.

The discussion cautions that these filters omit much of a company's financial condition and future prospects, so selected firms may not be sustainable investments. It suggests adding measures of operating performance, financial health, valuation, and expected growth. No backtest, performance comparison, or empirical evidence is supplied, and the criteria alone do not establish that the screen produces reliable returns.

Key ideas

• The screen filters A-shares by turnover, market capitalization, profitability, and a fixed closing price.
• The stated turnover band is 3% to 12%, and the market capitalization ceiling is 10 billion yuan.
• The note recommends broadening the screen with financial and valuation measures.
• It provides no performance evidence for the selection rules.

Tags

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