Chinese Robot-Theme Stock Screen Using Turnover, Float Value, and Dividends

Summary

The article proposes screening mainland Chinese main-board stocks for turnover between 3% and 12%, a robot-related theme, and circulating market value below 10 billion yuan. Its initial version uses a 2019 dividend payout threshold above 25%; the revised selection rule instead uses average dividend payout over 2017–2021 above 25%. The stated rationale is to combine trading activity and company size with a dividend criterion.

The author notes that the screen relies on few factors and that an older single-year dividend measure may no longer reflect current policy. The article suggests adding fundamental, industry, and policy variables, and using a multiyear dividend average. It includes example screening formulas and Python-like data handling, but does not report backtest results, selected companies, or performance evidence. The code’s data fields and filtering steps may not fully implement the described criteria, so the screen should be validated before use.

Key ideas

• The proposed universe is main-board stocks associated with robotics.
• The screen combines a 3%–12% turnover range with circulating market value below 10 billion yuan.
• Its revised dividend filter uses an average above 25% across 2017–2021.
• The article warns that a small set of factors and stale dividend information can weaken selection.
• No performance or backtest evidence is provided.

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