Chinese Stock Screening with Turnover, Profit Growth, and Positive Return

Summary

This document describes a Chinese equity screen requiring daily turnover between 3% and 12%, year-over-year growth in net profit attributable to parent-company shareholders above 20% and no greater than 100%, and a positive return from the day’s open. It presents the conditions as a combined selection rule and includes indicator logic and a Python example that queries stock and financial data, filters candidates, and sorts results by turnover.

The screen combines a trading-activity measure, a fundamental growth measure, and a same-day price condition. The article offers no backtest or evidence that these conditions predict future returns. It cautions that the selection may omit relevant aspects of company finances and that performance may suffer when broader market conditions are unfavorable. The example code also uses specific data fields and reporting periods, so results depend on data availability and consistent definitions; the document does not establish that its implementation is suitable for live trading.

Key ideas

• The screen requires turnover between 3% and 12%, profit growth above 20% and up to 100%, and a positive return from the open.
• The article shows indicator logic and a Python example for applying and sorting the filters.
• The method combines a financial growth measure with trading activity and a daily price condition.
• No backtest or predictive evidence is provided, and broader financial and market factors may be missing.
• Implementation results depend on the data fields and reporting periods used.

Tags

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