Chinese Stock Screen Using Turnover, Profit Growth, and Listing Age

Summary

This article describes a China-focused stock screen combining liquidity, earnings growth, and company age. It selects stocks with turnover between 3% and 12%, year-over-year net profit growth attributable to parent-company shareholders above 20% and up to 100%, and more than one year since listing. The final selection takes five names and ranks them by market value, while excluding specified exchange board codes in the example implementation.

The article provides formula and Python examples that query stock, profit, listing-date, and daily market data, then filter and rank candidates. It argues that the listing-age condition favors relatively established firms, but acknowledges that this may exclude newer high-growth companies and that the screen omits industry and macroeconomic context. The examples use particular data fields and a stated historical reporting period, so they may need adjustment to current datasets and dates. No backtest results, transaction costs, or portfolio risk analysis are reported.

Key ideas

• The screen combines turnover, year-over-year parent-attributable profit growth, and listing age.
• The stated turnover range is 3% to 12%, and the profit-growth range is above 20% through 100%.
• The final list contains five stocks ranked by market value.
• The listing-age filter may screen out newer growth companies.
• The article suggests adding relative strength, industry, macroeconomic, and business analysis, but reports no backtest evidence.

Tags

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