Screening A-Shares for Turnover, Size, Profitability, and Float

Summary

The document describes a simple A-share stock screen based on turnover, company size, profitability, and tradable share count. It selects stocks with turnover between 3% and 12%, market capitalization below 10 billion yuan, no reported losses, and a circulating share count no greater than 5.5 billion shares. The accompanying discussion frames the float limit as a way to focus on liquidity characteristics, though the screen itself combines several filters.

The article warns that these criteria omit broader business quality and financial measures, and may exclude attractive firms with larger floats. It suggests adding fundamental, recent-performance, and technical indicators for a more complete selection process. The supplied implementation examples are not consistent with the stated thresholds and conditions, so they should not be treated as a reliable specification. No backtest results or evidence of profitability are provided.

Key ideas

• The proposed screen combines turnover, market capitalization, profitability, and circulating-share limits.
• The stated turnover range is 3% to 12%, with market capitalization below 10 billion yuan and float at or below 5.5 billion shares.
• The article acknowledges that these filters do not assess company fundamentals comprehensively.
• It provides no performance test, and its example implementation conflicts with the written criteria.

Tags

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