Chinese Equity Screening with Turnover and Profit Growth Filters

Summary

This document describes a Chinese stock-selection screen combining turnover with year-over-year growth in net profit attributable to parent-company shareholders. It specifies turnover between 3% and 12%, profit growth above 20% and no more than 100%, and an additional turnover condition between 2% and 9%. Because the turnover ranges overlap, the effective requirement is their intersection: 3% to 9%, inclusive.

The page offers indicator-formula and Python examples for applying the conditions and ranking candidates by turnover. It provides no performance results or backtest evidence. The accompanying discussion notes that this screen may omit other relevant company fundamentals and that a turnover threshold may not suit every industry or stock. It suggests adding other indicators or industry-specific conditions, but those ideas are not evaluated. The examples also refer to a particular historical reporting period, so the strategy description alone does not establish that the data fields or screening results remain current.

Key ideas

• The screen combines a turnover range with a bounded year-over-year net profit growth condition.
• Applying both turnover constraints leaves an effective inclusive range of 3% to 9%.
• The document provides implementation examples and describes sorting qualifying stocks by turnover.
• It reports no backtest or evidence that the screen produces positive returns.
• Industry differences and omitted fundamentals may limit the screen's usefulness.

Tags

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