Screening Chinese Stocks by Turnover, Profit Growth, and Daily Decline

Summary

The document presents a Chinese stock selection screen combining trading activity, earnings growth, and a short-term price move. It selects stocks with turnover between 3% and 12%, year-over-year growth in net profit attributable to parent-company shareholders above 20% and up to 100%, and a maximum daily decline between 4% and 5%. The described ranking keeps the five candidates with the largest market value and excludes selected board listings in the code examples.

The article includes screening logic and reference implementations using market data and financial data queries. It notes that the screen omits industry and company-position considerations and may be exposed to macroeconomic conditions and short-term market effects; it suggests adding financial and industry factors. No backtest results or evidence of returns are presented. The example code’s data dates and fields should be checked before use, since the described rules alone do not establish predictive value or live-trading performance.

Key ideas

• The screen combines turnover, year-over-year net profit growth, and a defined intraday decline range.
• It ranks qualifying stocks by market value and retains five candidates.
• The examples exclude certain Chinese stock listing boards.
• The article identifies missing industry and market-position analysis as a limitation.
• It offers no backtest or performance evidence, so the screen’s predictive value is unestablished.

Tags

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