Screening Shenzhen Beverage and Alcohol Stocks by Turnover and Valuation

Summary

This document describes a Chinese equity screen for Shenzhen main board companies associated with beverage and alcohol imports or exports. It selects stocks with turnover between 3% and 12%, price-to-earnings ratios from 0 to 29.01, and price-to-book ratios from 0 to 3.11. The stated rationale is to combine trading activity, industry classification, and valuation filters.

The post includes example formulas and Python code intended to implement a related screen. However, the Python example uses volume quantiles and company-registration fields, which do not directly match all the stated turnover and board filters. It gives no backtest, performance evidence, or detailed operational rules. The author notes that industry conditions, share prices, and company financials are not fully covered, and suggests adding broader fundamental and market factors. The screen is therefore a simple candidate-selection rule rather than a complete trading strategy.

Key ideas

• The screen targets Shenzhen main board stocks in the beverage and alcohol import-export category.
• It filters for turnover between 3% and 12%.
• It limits price-to-earnings ratios to 0–29.01 and price-to-book ratios to 0–3.11.
• The examples do not fully align with every stated screening condition.
• The document provides no evidence of historical performance and identifies incomplete fundamental analysis as a limitation.

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