Chinese Stock Screening with Turnover, Profit Growth, and Recent Price Spikes
Summary
The document presents a Chinese equity screen combining turnover, parent-company net profit growth, and recent daily price moves. It selects stocks with turnover between 3% and 12%, year-over-year profit growth above 20% and no more than 100%, and at least one day in the past 25 trading days with a gain of 10% or more. It also gives example implementations for a stock-selection platform and Python data queries.
The rationale is to pair moderate trading activity and improving profits with evidence of recent price strength. The document offers no performance results or out-of-sample evaluation, so it does not establish that the screen predicts returns. It also acknowledges that a single-day move is a short-term signal and does not capture the broader price trend; market conditions, sentiment, and news may affect it. The provided code examples should be checked carefully against the stated conditions and data fields before use, since implementation details may not match the prose exactly.
Key ideas
- The screen combines a 3%–12% turnover range with year-over-year parent-company profit growth above 20% and up to 100%.
- It requires at least one daily gain of 10% or more during the previous 25 trading days.
- Recent single-day strength can be sensitive to market conditions and may not represent a sustained trend.
- The document provides platform and Python examples 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.