Free trial

Ask AI to review this stock

Copy the prompt to get recent events, historical reactions, and a short research brief.

Tell your AI:

Help me set up FinLab and analyze 3041 揚智. Please read: https://finlab.finance/en/setup?stock=3041

No install, open FinLab Studio

3041

揚智 Semiconductor As of 2026-06-17 Updated daily after market close

quality needs a look, premium valuation.

1 active signal

Revenue ≥20%

This page refreshes daily after the close. Add 揚智 to your watchlist to track signal changes on your next visit.

Is 揚智 a buy? Fundamentals and valuation first

Weak profitability.Operating margin is in the 6th market percentile. Latest quarterly ROE ≈ -9.4%.
Valuation is high.PE is in the 98th market percentile; within its own history, PE is around the 94th percentile.
Foreign investors are net buying.Foreign 20-day net flow ≈ 9.3% of volume (net buy).
Strong revenue growth.Latest monthly revenue YoY ≈ 97.9%, above the 20% growth threshold.
Signals are active now.On the latest data, signals such as Revenue YoY ≥ 20% are active — see the historical forward returns after each occurrence below.

Chip flow

Bearish -0.28

BearishNeutralBullish

Distribution to retail — bearish

Distribution to retail — bearish
富邦證券 holds 2,467 lots
sellers have 696 lots left, ~33 sessions to clear

Window from 2026-01-17 · Price +8% · branches to 2026-06-17· TDCC to 2026-06-12

Largest holder 富邦證券 has accumulated 2,467 lots since the start (sold 0%), still adding.
Main distributor 凱基-中港 peaked at 1,193 lots, has sold 65%, 416 left, paused recently.
TDCC big holders (absolute) >1000-lot holders -2.01pp, mid holders -9, retail +4.30pp — drifting down to retail.
Foreign hedge-desk net short Net short -13 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).

Branch inventory reconstruction

Accumulating holders Branches that accumulated shares during the window and still hold positive inventory; they are the absorbing side.

Distributing sellers Branches that built inventory earlier and have been selling it down; the remaining number estimates what has not cleared.

Net-short desks Trading-desk branches with negative inventory or net selling, often hedge, offsetting, or short-term flow. It is not automatically a bearish view.

Accumulating

富邦證券新加坡商瑞銀美商高盛凱基-台北台新-嘉義台灣摩根士丹利

Distributing

凱基-中港美林合庫-台中凱基-永康永豐金-板新元大-土城

Desks

own scale

摩根大通國泰證券元大證券玉山-高雄

Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline

Branch details Unit: lots

Accumulating

富邦證券 +2,467

sold 0%· still adding
新加坡商瑞銀 +1,563

sold 0%· still adding
美商高盛 +1,493

sold 0%· still adding
凱基-台北 +1,076

sold 9%· still adding
台新-嘉義 +997

sold 0%
台灣摩根士丹利 +712

sold 24%· still adding

Distributing

凱基-中港 416 left

sold 65%· paused recently
美林 244 left

sold 63%· ~16 sessions to clear
合庫-台中 239 left

sold 28%· paused recently
凱基-永康 62 left

sold 78%· paused recently
永豐金-板新 125 left

sold 55%· ~11 sessions to clear
元大-土城 35 left

sold 84%· ~2 sessions to clear

Desks

摩根大通 -2,881

hedge desk · will cover
國泰證券 -2,160

unclassified
元大證券 -1,055

unclassified
玉山-高雄 -696

unclassified

Still selling 696 lots ~33 sessions to bottom at most

Recent buy/sell force +5,550 absorbed / -605 sold buyers slightly ahead

TDCC big holders · absolute-holding cross-check

>1000-lot holder share Retail (<400 lots) share Price (right axis)

Weak direction: big-holder share fell while retail share rose.

Describes chip flow, not investment advice. Branch data discloses only high-volume branches with ~1-day lag; TDCC is weekly. Inventory is a relative reconstruction from the window start, not absolute holdings.

Historical evidence

Signals active now

These signals are true on the latest data, with this stock's own historical forward-return stats after each occurrence.

Monthly revenue YoY ≥ 20% (from filing deadline)

Active · now 97.94%

Monthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).

68 historical occurrences (since 2007-04-23)

120 days after: historical avg -3.42%

20-day +2.06%

60-day +1.71%

120-day -3.42%

20-day

60-day

120-day

Win

50.7%

41.8%

35.4%

Sample

Median

+1.06%

-4.21%

-7.29%

Excess

+0.29%

-2.71%

-8.91%

Beat mkt rate

44.8%

35.8%

29.2%

Over 65 occurrences, 120-day forward avg declined 3.42%, lagged the market by 8.91 pts; win rate 35.4%.

Valuation regime and subsequent returns

Each day's PE is converted to its own-history percentile (as of that day), then we look at adjusted-close returns over the next 240 trading days by valuation regime.

0-20 -20.9%

20-40 +3.6%

40-60 Insufficient data

60-80 Insufficient data

80-100 -26.4% Now

PE percentile band	Sample days	240-day avg return	Median	Win rate	Avg excess (vs index)
0-20	240	-20.9%	-15.8%	3.3%	-31%
20-40	68	+3.6%	+3.9%	80.9%	-9.4%
40-60	15	Insufficient data
60-80	18	Insufficient data
80-100 You are here	289	-26.4%	-33.6%	18.7%	-95.2%

Percentiles use an expanding own-history window (no look-ahead); forward return is 240 trading days on adjusted close. Sample days overlap; distribution is indicative only.

Current PE ≈ 275.71, at the 94.3th percentile of its own history (80-100 band).

Valuation × momentum historical grid

Every day in its own history is bucketed by valuation tercile (own-history PE) and 60-day momentum sign into six cells; we show adjusted-close returns over the next 120 trading days per cell.

Valuation

Momentum

Cheap (own-history bottom 1/3)

Mid

Expensive (own-history top 1/3)

60-day momentum up

-7.4%

Win rate 21.3% Excess -13.6%

155d

Insufficient data
(16d)

-29.5%

Win rate 10.6% Excess -70.6%

85d

60-day momentum down

-0.8%

Win rate 55% Excess -7%

140d

Insufficient data
(12d)

Now

-8.9%

Win rate 26.3% Excess -43%

342d

Currently in “Expensive (own-history top 1/3) × 60-day momentum down”: across 342 historical days, 120-day forward avg declined 8.9%, win rate 26.3%, lagged the market by 43%.

Days = trading days in this bucket; returns use adjusted prices, ex-costs. 60-day momentum: direction of this stock's price over the past 60 trading days.

Does this signal hold up across the market

Over the past 242 months, on average ~404 stocks per month met “monthly revenue YoY ≥ 20%”; their adjusted-close return over the next 60 trading days averaged 6.94% (equal-weighted), beating the market by 2.37 points on average, and outperformed the TAIEX total-return index in 64.5% of months.

Each month, equal-weighted 60-day forward adjusted return of all signal-matching stocks, then averaged across months; excess vs the TAIEX total-return index.

Signals not active (historical stats for reference)

These are not occurring now; historical samples shown for comparison.

252-day price high (breakout)

Pending

Adjusted close makes a new 252-day high; repeats within 20 days counted once.

15 times historically; 60-day forward avg -8.21%, win rate 33.3%, beating the market by -13.19 pts on average.

Foreign net buying for 5 straight days

Pending

Foreign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.

55 times historically; 60-day forward avg +4.17%, win rate 47.3%, beating the market by -0.73 pts on average.

What does 揚智 do? Company profile

半導體業；IC設計、數位多媒體影音SoC與特殊應用IC設計服務台灣證券交易所上市

Overview

3041 對應證券為揚智科技股份有限公司，為台灣證券交易所上市普通股。公司成立於1993年6月10日，總部位於台北市內湖區內湖路一段246號6樓，上市日期為2002年8月26日，英文簡稱 ALi。依台灣證券交易所公開資料，董事長為凃俊光，總經理兼發言人為連建欽，實收資本額為新台幣1,402,236,470元，已發行普通股數為140,223,647股，私募股數23,150,000股，特別股0股。2024年年報列示截至2025年5月2日主要股東前十名包括：宇全智聯股份有限公司持股23,152,000股、16.51%；林岳宏持股2,244,000股、1.60%；大通託管先進星光先進總合國際股票指數持股1,370,017股、0.98%；花旗託管波露寧新興市場基金公司專戶持股1,341,000股、0.96%；美商摩根大通銀行台北分行受託保管JP摩根證券有限公司投資專戶持股1,178,046股、0.84%；梵加德新興市場股票指數基金投資專戶持股1,069,365股、0.76%；其餘多為外資保管或員工集合投資專戶。員工規模方面，2024年底合計202人，其中研發147人、製造13人、管理銷售42人；截至2025年3月31日合計197人，其中研發148人、製造11人、管理銷售38人。公司官方自述為數位多媒體影音SoC設計廠，在付費及零售機上盒市場具全球前三大地位，並強調低功耗、高安全、高軟硬體整合與高性價比方案。

Business

揚智主要從事通訊、消費、多媒體晶片組、特殊應用積體電路、系統晶片組設計服務與智慧財產權業務，屬無晶圓廠IC設計模式，晶片生產委由晶圓代工廠、封裝廠與測試廠完成，公司負責晶片設計、系統驗證、軟體與參考方案、客戶導入及銷售。2024年年報指出主要產品為數位機頂盒（Set-top Box, STB）晶片，產品營收比重近九成；MoneyDJ彙整亦列2024年數位機頂盒晶片營收比重約90%。STB產品包含衛星（Satellite）、地面廣播（Terrestrial）、有線（Cable）與網路/IP等標準解析度與高解析度整合晶片，主要用途包括機上盒、條件收視模組（CAM）及數位音樂播放器。2024年銷售區域以外銷為主，內銷新台幣90,564千元、占5.56%，外銷新台幣1,537,660千元、占94.44%，合計營收新台幣1,628,224千元。公司主要市場在DVB廣播電視、付費電視與零售電視機上盒，尤其非洲、印度、中南美洲、南歐、俄羅斯等網路覆蓋率較低、仍依賴衛星及地面廣播的地區。2024年全球機上盒出貨量約3億台，公司聚焦之付費及零售廣播電視市場約1億至1.3億台，依公司付費機上盒出貨量估算市占率約41%。除既有STB SoC外，公司推動ASIC設計服務、IP授權、多媒體影音平台、4K/8K超高清顯示、Edge AI、智慧語音、智慧移動平台、微型投影與同屏器等應用。商業模式可分為標準/客製STB晶片銷售、軟硬整合Turnkey方案、條件式存取與OTT/VOD平台整合、ASIC委託設計NRE及矽智財授權收入。主要客戶名稱未於年報揭露，年報以A公司、B公司等匿名列示，2024年第一大客戶占銷貨淨額27.29%，第二大客戶占25.79%，顯示客戶集中度偏高。

Outlook 2025–2028

2025至2028年展望以雙引擎轉型觀察：第一，STB本業在新興市場仍具換機與滲透率提升空間。公司年報與新聞稿指出，5G移頻、數位電視訊號轉換、國際體育賽事、大屏幕收視、4K/8K UHD內容，以及非洲、印度、巴西、中南美洲等區域對衛星與地面廣播的依賴，仍支持Pay-TV與FTA機上盒需求。2024年推出的新一代DVB-S2X/DVB-C STB SoC F6P已量產，支援HEVC、乙太網、低功耗與CAS安全要求，並整合ACCESS NetRange雲端瀏覽器方案，使傳統機上盒具備VOD與OTT功能，目標市場為印度、中東、非洲、南美及拉丁美洲。第二，ASIC與IP授權是公司轉型重點。公司2025法說與新聞稿稱2024年ASIC設計業務已有重大進展，相關IP已交付本國及國際領導廠商客戶，2025年ASIC業務占營收比重有望顯著成長；公司累積約400項專利與近200項矽智財，具USB、Ethernet、HDMI、DDR、高速介面、影像、聲音、安全加密等IP，並切入Arm、RISC-V、多媒體AI-ASIC、Chiplet與邊緣AI應用。第三，智慧家庭與AI Agent應用可能延長STB價值鏈。2025年公司與光禾感知合作，將Qubby AI智慧客服導入智慧機上盒，強化語音互動、內容推薦、家庭娛樂、銀髮照護與兒童教育等場景。第四，營運面已有修復跡象：2024年營收新台幣16.28億元、年增12.62%，毛利新台幣4.59億元、年增50.41%，營業費用下降，全年淨損收斂至新台幣2.805億元；公司於2025年3月新聞稿預期2025年營收可望雙位數成長，並樂觀看待下半年有機會單季轉盈。主要風險包括：STB市場成熟且產品生命週期短、OTT串流與智慧電視可能替代傳統機上盒、客戶與供應商集中度高、ASIC業務導入時程與量產轉單不確定、同業價格競爭、匯率波動、新興市場政策與標案時程、地緣政治與關稅、供應鏈在地化與晶圓/封測產能成本，以及公司仍處虧損與研發費用負擔較重。2026至2028年的具體營收、獲利或市占數字公司未正式揭露，以上為依公司既有公告、年報與產業趨勢推估。

Supply Chain

Upstream

未揭露晶圓代工供應商公司為IC設計業者，主要原料為晶片，年報表示與國內外晶圓代工廠維持策略合作關係，但未揭露實際公司名稱；2024年最大供應商占進貨淨額58.17%，第二大供應商占13.46%，供應商集中度高。
未揭露封裝測試供應商晶圓完成後委外封裝與測試；年報僅說明與國內外封裝、測試廠維持策略合作關係，未揭露實際公司名稱。
ACCESS NetRange 非台股掛牌；雲端瀏覽器、VOD與OTT軟體方案合作夥伴，F6P平台整合其雲端瀏覽器，使傳統機上盒具備智慧機上盒功能。
光禾感知科技（OSENSE）未上市公司；2025年與揚智合作將Qubby AI智慧客服導入智慧機上盒，屬AI服務與軟體生態合作夥伴。

Downstream

未揭露STB ODM客戶年報以A公司、B公司等匿名揭露主要客戶；2024年第一大客戶占銷貨淨額27.29%，第二大客戶占25.79%，顯示下游ODM/品牌或營運商客戶集中。
巴西ODM客戶非台股掛牌且公司未揭露名稱；公司2025年新聞稿指出巴西市場ODM客戶取得逾百萬套機上盒標案，預計下半年開始出貨。
印度、非洲、中東、南美及拉丁美洲付費電視與零售機上盒營運商多為海外營運商或通路，未揭露個別公司名稱；為F6P與DVB STB晶片主要目標市場與終端需求來源。
KX INTEK 韓國機上盒廠商，非台股掛牌；2023年與揚智在DVB Pay-TV STB領域合作，屬下游設備製造/方案導入夥伴。

Competitors

博通（Broadcom）美國上市公司；年報與MoneyDJ均列為機上盒/多媒體晶片競爭者之一。
聯發科技 2454 台股上市IC設計公司；年報列為全球多媒體機上盒相關晶片競爭廠商之一，但亦提及近年聯發科逐步退出部分機上盒市場。
晶晨半導體（Amlogic）中國科創板上市公司，非台股掛牌；機上盒與智慧顯示SoC競爭者。
海思半導體（HiSilicon）華為旗下未上市IC設計公司，非台股掛牌；MoneyDJ列為STB晶片國外競爭者。
瀾起科技（Montage Technology）中國科創板上市公司，非台股掛牌；年報列為多媒體機上盒相關晶片競爭廠商。
國芯科技（Nationalchip）中國未上市或非台股掛牌機上盒晶片廠；年報列為全球相關多媒體晶片競爭廠商之一。

Sources（10）

This company profile is compiled from public sources (annual reports, filings, news and analyst reports), not finlab backtest data; the 2025–2028 outlook contains forward-looking estimates and is for reference only.

Method and limitations

All returns use adjusted close (etl:adj_close), already adjusted for dividends and splits.
Excess return is measured against the TAIEX total-return index (dividends included).
Valuation regime and percentile stats use an expanding own-history window (no future data).
Revenue-signal event dates align to the first trading day after the filing deadline, avoiding look-ahead.
Event samples may overlap in time; stats describe historical distribution only and are less reliable when samples are few.

This page is historical statistics for educational purposes and is not investment advice. Investing involves risk; past performance does not indicate future results. Assess and bear the risk yourself before trading.