Chinese Stock Screen Using Turnover, Profit Growth, and Recent Highs

Summary

This Chinese equity screening idea combines a turnover filter, parent-company net profit growth, and a recent price-high condition. It selects stocks with turnover between 3% and 12%, year-over-year profit growth above 20% and at most 100%, and a price pattern based on highs over a short period. The article describes the high-based filter as a way to favor relatively stable price behavior and avoid stocks that surge and quickly retreat. It includes example implementations for a Chinese market screening platform and Python with Baostock, but reports no backtest or realized performance.

The author cautions that a short lookback makes results sensitive to the chosen period and that multiple local highs can make selection ambiguous. The examples also differ in details: the platform formula filters some listing categories and uses a two-day high condition, while the Python example uses historical data and a recent-high comparison. The article suggests adding other fundamental or technical filters and adapting the screen to market conditions. The stated thresholds and examples are screening rules, not evidence of predictive value or a complete portfolio strategy.

Key ideas

• The screen combines turnover, profit growth, and a recent price-high condition.
• The stated turnover range is 3% to 12%, and profit growth must exceed 20% without exceeding 100%.
• The author presents recent highs as a way to filter for comparatively stable price behavior.
• Short lookbacks and multiple local highs can make results sensitive and ambiguous.
• The platform and Python examples implement similar ideas with different details, and neither is accompanied by performance results.

Tags

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