Screening A-Shares by Turnover, Profit Growth, and Exclusion of Beijing Listings
Summary
This A-share screen selects stocks with turnover between 3% and 12%, year-over-year net profit growth attributable to parent-company shareholders above 20% and no more than 100%, and excludes Beijing-listed shares. The post presents the regional exclusion as a way to avoid exposure to changes specific to that market, though it does not provide evidence supporting that rationale.
Formula and Python examples illustrate how the conditions might be encoded, including references to historical market and profit data. The examples are not accompanied by a backtest, performance statistics, or a clear evaluation of data timing and implementation quality. The article cautions that the screen is subjective, relies on historical data, and cannot fully anticipate market changes. It suggests adding industry, regional sentiment, and policy considerations, but reports no tested results for those additions.
Key ideas
- The screen constrains turnover to a range of 3% to 12%.
- It requires year-over-year parent-company shareholder net profit growth above 20% and at most 100%.
- It excludes Beijing-listed A-shares.
- The post offers implementation examples but no performance evaluation.
- It flags historical-data dependence and suggests considering industry, sentiment, and policy factors.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.