Chinese Stock Screen Using Turnover, Profit Growth, and Auction Turnover

Summary

This Chinese-market stock screen combines three filters: turnover between 3% and 12%, year-over-year net profit growth attributable to the parent company above 20% and no more than 100%, and prior-day auction turnover above 0.26. The post frames the filters as a way to find liquid stocks with recent growth and potential short-term opportunities. It includes example formulas and Python code intended to retrieve stock, price, and profit data.

The post offers no backtest results or performance statistics, and it warns that the auction-turnover condition depends on current market conditions and may exclude otherwise promising stocks. It also says the screen emphasizes short-term prospects without assessing longer-term price appreciation. The sample code refers to a specific profit reporting period and data fields, and its implementation details do not clearly establish that every filter is calculated with the stated units or timing. The screen should therefore be treated as an illustrative rule set, with data definitions, point-in-time availability, and historical results checked before use.

Key ideas

• The screen requires turnover within a specified range and year-over-year parent-company net profit growth within stated bounds.
• It adds a minimum prior-day auction turnover filter to emphasize trading activity.
• The post provides example screening formulas and data-retrieval code but no measured strategy results.
• The author notes that the screen is short-term in focus and may miss stocks when market conditions change.
• The example implementation should be checked for data timing, units, and consistency with the stated rules.

Tags

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