Screening Main-Board Stocks by Turnover, Earnings Growth, and Daily Gains

Summary

This post presents a Chinese equity screen for main-board stocks. It selects shares 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 daily price gain above 1%. The stated rationale is to combine an activity measure, earnings growth, and recent price strength. The article also includes indicator and Python examples intended to implement the criteria.

The author notes that the screen uses too few factors and may be affected by market volatility, recommending consideration of other factors such as industry and ongoing strategy adjustment. The post supplies no backtest, performance statistics, or evidence that these thresholds predict future returns. The sample code contains implementation details that do not clearly align with every stated condition, including its treatment of turnover and the particular earnings data queried, so the written criteria and example should not be assumed equivalent without checking the data and logic.

Key ideas

• The stated screen combines turnover between 3% and 12%, bounded annual earnings growth, and a daily gain above 1%.
• The strategy targets main-board stocks and mixes fundamental, trading-activity, and price filters.
• The article suggests adding industry or other factors because the screen is narrow.
• The post provides example code but no performance results or backtest evidence.
• The implementation should be checked against the written criteria, particularly its data fields and turnover calculation.

Tags

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