China quant scan: top-10 conviction names still print negative 6m expected returns, -9.2% to -7.1%, median conf 87. Earnings yield vs bonds is dragging all 10. High confidence, but it’s a macro valuat

Muyuan Foods Group ($002714.SZ) -9.2% conf 87: P/E vs 5yr down, 20d turnover fading. TCL Zhonghuan Renewable Energy Technology ($002129.SZ) -8.8% conf 88 adds weak 60d momentum. Chongqing Zhifei Biological Products ($300122.SZ) -8.7% conf 87 also has 20d turnover fading. Empyrean Technology ($301269.SZ) -7.8% conf 87 has a rare positive P/B vs 5yr, but it’s tiny. Poly Developments and Holdings ($600048.SS) -7.5% conf 82 is the outlier with EPS revisions accelerating. Beijing Wantai Biological Pharmacy ($603392.SS) -7.5% conf 85 takes a hit from 6m alpha vs SPY. Trina Solar ($688599.SS) -7.5% conf 86 has the same SPY alpha bleed as Wantai. Metallurgical Corporation of China ($601618.SS) -7.4% conf 88 has a less bad yield gap but downside risk adds pressure. Zhongtai Securities ($600918.SS) -7.4% conf 88 has EPS revision accelerating as a negative. Innovent Biologics ($1801.HK) -7.1% conf 83 is the relative best: P/E vs 5yr positive, P/B vs 5yr negative, yield gap still there. So wat

Muyuan Foods Group ($002714.SZ) -9.2% conf 87: P/E vs 5yr down, 20d turnover fading. TCL Zhonghuan Renewable Energy Technology ($002129.SZ) -8.8% conf 88 adds weak 60d momentum. Chongqing Zhifei Biological Products ($300122.SZ) -8.7% conf 87 also has 20d turnover fading.