Chinese Stock Screening with Price Range, Market Value, and Revenue Growth

Summary

This Chinese equity screen combines daily price amplitude above 1%, circulating market value above 10 billion yuan, and a ratio of 2021 revenue to 2018 revenue above 1.1. The conditions aim to select stocks with noticeable price movement, larger market capitalization, and higher reported revenue across the specified years. The post supplies formula and Python examples for applying these filters to market and financial data.

The author notes that revenue growth alone does not establish earnings quality or sustainability, and that revenue can be affected by economic and policy conditions. Suggested refinements include adding profitability measures such as gross and net margins and considering industry and market conditions. The post provides no backtest, sample, or evidence that the screen predicts returns. Its stated thresholds are a screening recipe, not a complete valuation or risk framework; users would need to check data definitions and reporting periods before implementation.

Key ideas

• The screen requires amplitude above 1%, circulating market value above 10 billion yuan, and 2021 revenue more than 1.1 times 2018 revenue.
• The filters combine a price movement measure, company size, and historical revenue growth.
• Revenue growth does not by itself measure profitability, earnings quality, or the durability of business performance.
• The post suggests adding margin and industry analysis, but provides no backtest or return evidence.

Tags

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