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3229

晟鈦 Electronic Components As of 2026-06-17 Updated daily after market close

steady quality, premium valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 晟鈦 to your watchlist to track signal changes on your next visit.
Valuation 10Quality 68Growth 86Momentum 95Chips 60

Is 晟鈦 a buy? Fundamentals and valuation first

  • Above-average profitability.Operating margin is in the 49th market percentile. Latest quarterly ROE ≈ 5.7%.

  • Valuation is high.PE is in the 99th market percentile; within its own history, PE is around the 99th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 1.8% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 59.8%, 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

Bullish +0.48
BearishNeutralBullish

Single-sided accumulation, concentration rising — bullish

  • Single-sided accumulation, concentration rising — bullish
  • 永豐金-板新 holds 913 lots
  • sellers have 356 lots left, ~40 sessions to clear

Window from 2026-01-17 · Price +79% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 永豐金-板新 has accumulated 913 lots since the start (sold 1%), now trimming.
  • Main distributor 摩根大通 peaked at 380 lots, has sold 50%, 189 left, ~13 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders +1.57pp, mid holders +1, retail -0.36pp — concentration shifting upward.
  • Foreign hedge-desk net short Net short -43 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
永豐金-板新元大-屏東民生元富-大昌兆豐-台南台新-大昌台新-佳里
Distributing
摩根大通凱基-台北新光台灣摩根士丹利新加坡商瑞銀統一
Desks
own scale
元大-樹林富邦-台北元大-板橋富邦-陽明
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 永豐金-板新 +913
    sold 1%
  • 元大-屏東民生 +461
    sold 0%· still adding
  • 元富-大昌 +173
    sold 0%
  • 兆豐-台南 +164
    sold 13%
  • 台新-大昌 +151
    sold 0%· still adding
  • 台新-佳里 +139
    sold 0%

Distributing

  • 摩根大通 189 left
    sold 50%· ~13 sessions to clear
  • 凱基-台北 78 left
    sold 76%· paused recently
  • 新光 62 left
    sold 77%· paused recently
  • 台灣摩根士丹利 136 left
    sold 28%· paused recently
  • 新加坡商瑞銀 18 left
    sold 89%· paused recently
  • 統一 48 left
    sold 70%· paused recently

Desks

  • 元大-樹林 -375
    unclassified
  • 富邦-台北 -270
    unclassified
  • 元大-板橋 -264
    unclassified
  • 富邦-陽明 -259
    unclassified
Still selling 356 lots ~40 sessions to bottom at most
Recent buy/sell force +571 absorbed / -267 sold buyers slightly ahead
Hedge-desk net short -19 lots potential cover-buying, not selling pressure
TDCC big holders · absolute-holding cross-check
>1000-lot holder share Retail (<400 lots) share Price (right axis)

Direction matches: big-holder share rose while retail share fell.

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 59.79%

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

72 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 43.5%, Sample 62, Median -1.35%, Excess +0.12%, Beat mkt rate 45.2%；60-day: Win 43.3%, Sample 60, Median -4.67%, Excess -4.86%, Beat mkt rate 36.7%；120-day: Win 24.1%, Sample 58, Median -14.3%, Excess -14.71%, Beat mkt rate 22.4%

120 days after: historical avg -7.16%

20-day +0.59%
60-day -1.98%
120-day -7.16%
20-day
60-day
120-day
Win
43.5%
43.3%
24.1%
Sample
62
60
58
Median
-1.35%
-4.67%
-14.3%
Excess
+0.12%
-4.86%
-14.71%
Beat mkt rate
45.2%
36.7%
22.4%

Over 58 occurrences, 120-day forward avg declined 7.16%, lagged the market by 14.71 pts; win rate 24.1%.

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.

PE percentile bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 0Insufficient data
20-40 0Insufficient data
40-60 110-73.1% -78.1% 0% -273.1%
60-80 117-49.6% -46.4% 0% -177%
80-100 You are here76-66% -82.8% 0% -307.8%

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 ≈ 883.0, at the 99.1th 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
Insufficient data
(0d)
-30.7%
Win rate 0% Excess -25.7%
32d
Now
-44%
Win rate 0% Excess -88.6%
58d
60-day momentum down
Insufficient data
(0d)
-20.3%
Win rate 16.2% Excess -37.5%
111d
-31%
Win rate 11.3% Excess -159.4%
222d

Currently in “Expensive (own-history top 1/3) × 60-day momentum up”: across 58 historical days, 120-day forward avg declined 44%, win rate 0%, lagged the market by 88.6%.

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 +24.58%, win rate 50%, beating the market by +21.21 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.

36 times historically; 60-day forward avg +9.57%, win rate 44.1%, beating the market by +3.63 pts on average.

What does 晟鈦 do? Company profile

電子零組件業；印刷電路板（PCB）材料、鑽孔加工與PCB全製程 臺灣證券交易所上市

Overview

晟鈦股份有限公司成立於1987年7月28日，總部位於新北市新莊區瓊林南路305巷2號；統一編號22570840。公司2004年1月30日登錄興櫃、2005年4月12日上櫃、2009年12月31日轉上市，證券代號3229，屬上市普通股。董事長/負責人為莊明理，總經理及發言人為劉文禎。官方2026年法說會揭露資本額約新台幣6.4億元、員工人數212人，Goodinfo揭露資本額約6.43億元、發行股數64,263,000股（含私募43,350,507股）、特別股0股。主要營運據點包含新莊廠（PCB全製程）與桃園蘆竹一廠、二廠（磷銅球、鑽孔加工）。主要/董監持股資料可見莊明理約8,571張、劉文禎約6,800張、創大投資約4,920張等公開股市資料；此非完整十大股東名冊，需以公開資訊觀測站年報股權分散表及股東名冊揭露為準。

Business

晟鈦核心業務為三大事業：一、磷銅球製造銷售，採LME註冊A級電解銅，符合RoHS，純度99.99%，磷含量400-650 mg/l，是PCB電鍍製程關鍵耗材；二、PCB鑽孔代工，官方法說揭露日產能約8,000 panels、約28,000平方英呎基板面積，服務多層板與高階板前段製程；三、PCB全製程，產品涵蓋FR-4、HDI、特殊基板、單面板、雙面板、多層板、軟硬結合板、鋁基板、鐵氟龍/陶瓷基板、Load Board PCB等，主打少量多樣與快速交件。2025年度產品營收結構：磷銅球640,234千元、占61.52%；多層印刷電路板215,518千元、占20.71%；鑽孔代工97,269千元、占9.35%；雙面板64,715千元、占6.22%；單面板10,395千元、占1%；其他12,452千元、占1.2%。2026Q1法說會揭露部門比重約為磷銅球60%、PCB 31%、鑽孔9%。2024銷售地區比重約台灣89%、美洲10%、亞洲1%。官方法說會列示知名客戶/終端關係包含3M、宏碁、Coretronic、FHT、華通、Barco、士林電機、鴻海、GCE、台大、NESS、清華大學、KCE、敬鵬、Primax、Nippon Steel NS-TEXENG、Garmin、楠梓電子、Syntec等；終端應用涵蓋軍用、醫療、航空、安防、消費性、工業用、車用等。

Outlook 2025–2028

2025年：公司114年度合併營收約10.41億元，較113年度9.18億元增加13.39%，但稅後淨損27,789千元、每股淨損0.43元，顯示營收成長尚未完全轉化為全年獲利；壓力來自新台幣升值匯損、原物料/能源成本與高階材料供應吃緊。2026年：官方法說會揭露2026Q1營收342,922千元、QoQ 11.84%，稅後淨利35,315千元，EPS 0.55元，毛利率10.96%、淨利率10.30%，連續兩季獲利為正；公司表示2025Q4起新設備陸續交機上線，將優化製程能力，並透過產品及客戶結構調整，抓住高毛利機種。2026年營業計畫預估磷銅球銷售量25mm 1,318,000公斤、50mm 842,000公斤，合計2,160,000公斤；鑽孔加工1,224,000片；PCB合計31,177平方公尺。2027-2028年：公司未提供明確財測；依產業資料推估，AI伺服器、高效能運算、高速網通、車用與低軌衛星將推升多層板、HDI、高階材料與精密鑽孔需求，晟鈦若能維持新設備稼動率、良率及高毛利客戶比重，營收與毛利率有續改善機會。產業面正向因素包括TPCA/工研院估2025-2026台灣PCB產值受惠AI伺服器延續成長，Prismark相關資料亦預期全球PCB到2029年持續成長，AI伺服器相關HDI具較高成長率。主要風險包括：銅價、金價、電價、石化周邊材料處高檔；上游原料供貨吃緊造成交期壓力；匯率波動與美國關稅/地緣政治不確定；低階PCB與傳統材料同質化競爭；若AI伺服器拉貨放緩或客戶高階板轉單，營收與評價可能快速修正。2027-2028內容屬依公開產業趨勢與公司策略推估，非公司正式財測。

Supply Chain

Upstream
  • 南亞塑膠 1303 PCB產業上游關鍵材料供應商，涵蓋玻纖/樹脂/銅箔基板等；產業資料列為台灣PCB材料主要供應商，未確認為晟鈦直接供應商。
  • 台玻 1802 玻纖紗、玻纖布等PCB補強材料供應商；產業資料列為台灣主要供應商，未確認為晟鈦直接供應商。
  • 台光電 2383 銅箔基板/高階CCL供應商，屬PCB中上游材料；未確認為晟鈦直接供應商。
  • 聯茂 6213 銅箔基板供應商，屬PCB中上游材料；未確認為晟鈦直接供應商。
  • 台燿 6274 高頻高速銅箔基板供應商，AI/HPC高階PCB材料鏈代表公司；未確認為晟鈦直接供應商。
  • 金居 8358 電解銅箔供應商，產業資料列為台灣銅箔主要供應商之一；未確認為晟鈦直接供應商。
  • 長春集團 未上市集團；產業資料列為台灣樹脂/銅箔等PCB材料主要供應商之一，未確認為晟鈦直接供應商。
Downstream
  • 宏碁 2353 官方法說會知名客戶頁列示Acer標誌；終端應用屬PC/資訊產品，實際交易品項與金額未揭露。
  • 中強光電 5371 官方法說會知名客戶頁列示Coretronic標誌；實際交易品項與金額未揭露。
  • 華通 2313 官方法說會知名客戶頁列示COMPEQ；亦為大型PCB廠，可能使用磷銅球/鑽孔或PCB相關服務，實際交易金額未揭露。
  • 士林電機 1503 官方法說會知名客戶頁列示士林電機；實際交易品項與金額未揭露。
  • 鴻海 2317 官方法說會知名客戶頁列示Foxconn/鴻海科技集團；實際交易品項與金額未揭露。
  • 敬鵬 2355 官方法說會知名客戶頁列示敬鵬；同為PCB廠，可能屬磷銅球或加工服務下游客戶，實際交易金額未揭露。
  • 致伸 4915 官方法說會知名客戶頁列示PRIMAX；實際交易品項與金額未揭露。
  • 楠梓電 2316 官方法說會知名客戶頁列示WUS/楠梓電子；同為PCB相關公司，實際交易金額未揭露。
  • 3M 美國上市公司；官方法說會知名客戶頁列示3M標誌，實際交易品項與金額未揭露。
  • Barco 比利時上市公司；官方法說會知名客戶頁列示Barco標誌，實際交易品項與金額未揭露。
  • Garmin 美國上市/瑞士註冊公司；官方法說會知名客戶頁列示Garmin標誌，實際交易品項與金額未揭露。
  • KCE Electronics 泰國上市PCB廠；官方法說會知名客戶頁列示KCE標誌，實際交易品項與金額未揭露。
  • 新代科技 未上市公司；官方法說會知名客戶頁列示SYNTEC標誌，實際交易品項與金額未揭露。

Competitors

  • 臻鼎-KY 4958 大型PCB/軟板/載板廠；MoneyDJ列為PCB競爭對手，規模與產品組合大於晟鈦。
  • 欣興 3037 大型PCB與IC載板廠；MoneyDJ列為PCB競爭對手。
  • 華通 2313 大型PCB廠；同時出現在晟鈦知名客戶頁，因此在不同產品/服務環節可能兼具客戶與同業角色。
  • 健鼎 3044 大型硬板PCB廠；MoneyDJ列為PCB競爭對手。
  • 瀚宇博 5469 PCB廠；MoneyDJ列為PCB競爭對手。
  • 楠梓電 2316 PCB相關公司；同時出現在晟鈦知名客戶頁，可能在不同產品線兼具下游與同業屬性。
  • 耀華 2367 硬板/軟硬結合板等PCB廠；產業鏈資料列為國內PCB供應商。
  • 昇貿 3305 股感列為其他PCB材競爭對手之一；產品領域與晟鈦並非完全相同。
  • 榮科 4989 股感列為其他PCB材競爭對手之一；產品領域與晟鈦並非完全相同。
  • TTM Technologies 美國上市PCB廠；MoneyDJ列為國際PCB競爭對手。
  • AT&S 奧地利上市高階PCB/載板廠；MoneyDJ列為國際PCB競爭對手。
  • Nippon Mektron 日本PCB/FPC廠；MoneyDJ列為國際PCB競爭對手。
Sources（17）

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.