Screening Chinese Stocks by Turnover and Parent Net Profit Growth

Summary

This stock screen combines a turnover-rate band of 3% to 12% with an exclusion of Beijing-listed A shares and a parent-company net-profit growth condition. The final rule specifies year-over-year growth, on a trailing-twelve-month basis, above 20% and no higher than 100%. The article frames the financial measure as a way to identify companies with earnings growth, while the turnover band imposes a liquidity-related constraint. It provides example indicator syntax and a Python outline for retrieving stock and financial data.

The post offers no backtest, selected-stock results, or evidence that the filters produce stable returns. It notes that financial metrics alone do not capture company operations or market behavior, and that risk appetite and trading activity can affect prices. It suggests adding other financial measures and industry classification. The supplied code and formulas should be treated as illustrative: the article does not reconcile all field names and data definitions across its examples or discuss reporting lags, survivorship, or portfolio construction.

Key ideas

• The proposed screen limits turnover to 3%–12% and excludes Beijing A shares.
• It selects for parent-company net-profit growth above 20% and at most 100% on a trailing basis.
• The post supplies indicator and Python examples but no performance evidence.
• The author warns that earnings growth does not fully describe company health or market behavior.
• Additional financial measures and industry filters are suggested as possible refinements.

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