Chinese Stock Screen for Turnover, Profit Growth, and Alcohol Trade

Summary

This document describes a Chinese equity screen combining turnover, parent-attributable net profit growth, and a business keyword filter. It selects stocks with turnover between 3% and 12%, profit growth above 20% and no more than 100%, and operations related to beverage alcohol imports or exports. The article includes sample screening logic for excluding certain board listings and flagged stocks, plus code references, but does not provide performance results or a backtest.

The stated rationale is to combine market activity with moderate-to-high earnings growth and a sector focus. Its own risk discussion notes that the screen omits other fundamental and technical factors and may miss important market information. It suggests adding valuation or technical measures and revising filters as conditions change. The supplied examples also appear to use proxy fields and data conventions that may not exactly implement the written criteria, so any practical use would require validation.

Key ideas

• The screen requires turnover between 3% and 12%.
• It filters for parent-company net profit growth above 20% and up to 100%.
• A business keyword filter targets beverage and alcohol related import or export activity.
• The article provides no evidence of historical performance and warns that the criteria omit other relevant factors.

Tags

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