Stock Screening by Turnover, Profit Growth, and Large-Order Buying

Summary

This Chinese equity screen combines three types of filters: turnover between 3% and 12%, year-over-year growth in net profit attributable to parent-company shareholders above 20% and no more than 100%, and a stated threshold for large or very large order buying during the opening auction. The article presents the combination as a way to consider trading activity, earnings growth, and buying pressure together.

It warns that strict thresholds may leave few stocks and that fixed rules can become less suitable as market conditions change. It suggests adding technical measures or adjusting the limits. The document includes screening code examples, but it supplies no backtest, performance statistics, or validation of the order-flow measure. Its sample code also appears inconsistent with parts of the stated rule: the Python example checks closing-price and money-flow fields rather than clearly calculating the specified auction purchase amount. The method should therefore be treated as a proposed filter, not an evidenced trading strategy.

Key ideas

• The screen combines turnover, annual profit growth, and large-order buying criteria.
• The stated turnover range is 3% to 12%, while profit growth must be above 20% and at most 100%.
• The article cautions that tight thresholds can sharply reduce the candidate list and may not adapt to changing markets.
• The examples do not establish performance, and the Python logic may not match the described auction-flow condition.

Tags

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