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4523

永彰 Electric Machinery As of 2026-06-17 Updated daily after market close

quality needs a look, discounted valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 永彰 to your watchlist to track signal changes on your next visit.
Valuation 95Quality 18Growth 88Momentum 17Chips 89

Is 永彰 a buy? Fundamentals and valuation first

  • Weak profitability.Operating margin is in the 18th market percentile. Latest quarterly ROE ≈ -0.9%.

  • Valuation is low.PE is in the 0th market percentile; within its own history, PE is around the 1th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 9.7% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 72.1%, 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 +0.19
BearishNeutralBullish

Single-sided accumulation, concentration rising — bullish

  • Single-sided accumulation, concentration rising — bullish
  • 群益金鼎-館前 holds 259 lots
  • sellers have 174 lots left, ~125 sessions to clear

Window from 2026-01-17 · Price -7% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 群益金鼎-館前 has accumulated 259 lots since the start (sold 0%), still adding.
  • Main distributor 富邦-仁愛 peaked at 111 lots, has sold 77%, 25 left, ~5 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders +0.11pp, mid holders -2, retail +0.68pp — concentration shifting upward.
  • Foreign hedge-desk net short Net short -342 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
群益金鼎-館前永豐金-忠孝第一金-路竹群益金鼎-瑞豐華南永昌-桃園玉山-台中
Distributing
富邦-仁愛統一-員林兆豐-大安大昌-樹林元大-樹林永豐金-市政
Desks
own scale
康和-台北凱基-台北群益金鼎-萬華光和-溪湖
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 群益金鼎-館前 +259
    sold 0%· still adding
  • 永豐金-忠孝 +247
    sold 4%
  • 第一金-路竹 +205
    sold 0%· still adding
  • 群益金鼎-瑞豐 +122
    sold 0%· still adding
  • 華南永昌-桃園 +102
    sold 0%
  • 玉山-台中 +94
    sold 5%

Distributing

  • 富邦-仁愛 25 left
    sold 77%· ~5 sessions to clear
  • 統一-員林 22 left
    sold 79%· paused recently
  • 兆豐-大安 56 left
    sold 45%· paused recently
  • 大昌-樹林 50 left
    sold 39%· ~125 sessions to clear
  • 元大-樹林 27 left
    sold 63%· paused recently
  • 永豐金-市政 40 left
    sold 39%· paused recently

Desks

  • 康和-台北 -766
    unclassified
  • 凱基-台北 -279
    day-trade · selling pressure
  • 群益金鼎-萬華 -251
    unclassified
  • 光和-溪湖 -238
    unclassified
Still selling 174 lots ~125 sessions to bottom at most
Recent buy/sell force +449 absorbed / -101 sold buyers slightly ahead
Hedge-desk net short -18 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)

Mixed direction: big-holder and retail changes are not aligned.

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 72.14%

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

69 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 58.2%, Sample 67, Median +2.8%, Excess +1.11%, Beat mkt rate 50.7%；60-day: Win 50%, Sample 66, Median -0.35%, Excess +1.25%, Beat mkt rate 47%；120-day: Win 54.7%, Sample 64, Median +0.98%, Excess +4.79%, Beat mkt rate 42.2%

120 days after: historical avg +11.65%

20-day +2.48%
60-day +5.07%
120-day +11.65%
20-day
60-day
120-day
Win
58.2%
50%
54.7%
Sample
67
66
64
Median
+2.8%
-0.35%
+0.98%
Excess
+1.11%
+1.25%
+4.79%
Beat mkt rate
50.7%
47%
42.2%

Over 64 occurrences, 120-day forward avg gained 11.65%, beat the market by 4.79 pts; win rate 54.7%.

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 You are here0Insufficient data
20-40 62+145.3% +147.6% 100% +15.7%
40-60 121+29.7% +2.9% 63.6% -30.2%
60-80 202-13.6% -13.8% 4.5% -16.9%
80-100 578+15% -16.3% 30.6% -55.9%

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 ≈ 1.24, at the 0.9th percentile of its own history (0-20 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)
+65%
Win rate 90.5% Excess +16.1%
105d
-4.4%
Win rate 24.3% Excess -25.9%
321d
60-day momentum down
Now
Insufficient data
(16d)
+20.5%
Win rate 51.5% Excess -13.9%
136d
-0.5%
Win rate 30.1% Excess -28.4%
498d

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 +10.72%, win rate 40%, beating the market by +10.09 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.

32 times historically; 60-day forward avg -1.39%, win rate 40.6%, beating the market by -7.73 pts on average.

What does 永彰 do? Company profile

電機機械／能源科技、熱管理、智慧製造、智能建築 上櫃（櫃買中心）

Overview

4523 對應證券為永彰科技股份有限公司，為台灣櫃買中心上櫃普通股，非 ETF、ETN、權證或特別股。公司前身為永彰機電股份有限公司，成立於 1987/05/04，1999/11/22 上櫃，2022 年更名為永彰科技股份有限公司。官方公司概況列示董事長為顏明宏、總經理為林柏青、實收資本額 649,490,000 元、普通股 64,949,000 股、簽證會計師事務所為安永聯合會計師事務所。2026/06/12 股東常會全面改選董事後，董事會續選顏明宏為董事長。官方投資人資料地址曾列桃園市中壢區青埔路二段111號11樓，公開股市資料亦列桃園市中壢區領航南路三段319號15樓；年報列總公司與工廠在桃園市觀音區崙坪里崙坪140號，需注意公司登記、投資人聯絡與工廠地址可能不同。2024 年報揭露，截至 2025/04/30，本公司員工 177 人、合併財報內所有公司員工 221 人；平均年齡約 47.02 歲，平均服務年資 14.67 年。主要股東方面，2024 年報法人股東資料顯示佳峻投資股份有限公司持股 27,755,657 股、約 42.65%，佳峻投資主要股東為林毅在 96%；和築投資有限公司主要股東為林家宏 100%。

Business

永彰科技近年由傳統汽車空調與車用零部件供應商轉型，官方年報將營運重點定義為熱管理、能源科技、智慧製造與智能建築四大領域。熱管理產品包括 Vapor Chamber／均熱板、3C 與伺服器散熱、工業與客製化散熱方案，原車用空調系統與車用零部件業務已於 2025 年 4 月全面停止生產。能源科技主要為真空斷路器 EISHO TEK SV 系列、空氣斷路器、無熔絲斷路器、電磁接觸器、客製化電力控制元件，並以日本原廠代工、ODM/OEM 與自有品牌並行。智慧製造包含冰水主機、自動化控制設備代理銷售與系統整合；智能建築包含智慧型電子門鎖、門禁讀頭、電梯樓管讀頭、中央監控與弱電系統整合。2024 年合併營收 6.18006 億元，年增 6.08%，但營業淨損 1.81901 億元、稅後淨損 1.70485 億元、EPS -1.53 元；部門營收比重依公司年報為熱管理 34.19%、能源科技 62.07%、智慧生活 3.61%、精密加工 0.13%。主要銷售地區為台灣 60.35%、日本 32.63%、其他 7.02%。2024 年主要銷貨客戶為裕隆汽車製造 18.55%、明電舍株式會社 11.15%、其他 70.30%；因車用業務已停產，裕隆相關營收未來延續性需保守看待。2025 年起營運重心轉向非車用散熱、VCB 代工與自有品牌、商用空調與機電統包、智慧建築弱電工程。公開資訊顯示 2025 年處分桃園觀音土地予國泰人壽，處分利益約 20 億元在 2025 年第三季入帳，使前三季 EPS 大幅轉正，但此屬一次性業外收益，並非本業常態獲利。

Outlook 2025–2028

2025 至 2028 年展望可分為四條主軸。第一，熱管理：公司已退出車用業務，資源轉向非車用散熱，年報稱已將非車用散熱技術導入手機與 PC 產業並逐步出貨，且與策略夥伴進行 AI 伺服器散熱 POC 測試；若 3C、AI 伺服器與高功率電子裝置需求持續，均熱板、液冷與客製化散熱有中長期成長空間，但永彰在散熱產業仍屬轉型與追趕者，面對奇鋐、雙鴻、健策等成熟廠商，價格競爭、技術迭代與客戶認證週期是主要風險。第二，能源科技：全球電網汰舊換新、智慧電網、再生能源與儲能需求支撐高低壓配電設備與斷路器需求；公司策略為擴大日本 VCB 專業代工、維持明電舍等日本客戶合作、爭取日立、富士電機、東芝、三菱電機等日本電力大廠供應鏈機會，並以自有品牌拓展台灣與東協市場。第三，智慧製造與節能科技：商用空調、冰水主機、變頻器、PLC、自動控制與節能監控可受惠於工廠節能、資料中心、醫療院所與大型建築節能改造；公司計畫從單一設備銷售轉向空調系統工程與 SI 整合，若工程案毛利率與收款管理得當，可能擴大營收規模，但工程業務通常有完工認列、成本追加與應收帳款風險。第四，智能建築與機電工程：公司 2024 年簽訂三軍總醫院新建重症醫療大樓及立體停車場機水電及弱電工程，並導入智慧門鎖、門禁、中央監控、弱電整合與機電統包；未來可受惠智慧建築與公共工程需求。整體而言，2025 年資產活化改善財務結構，但本業仍需證明可由虧轉盈；2026 年前 5 月公開月營收資料顯示累計營收年增，但仍須觀察毛利率、營業利益率、非車用散熱量產客戶、VCB 日本訂單、機電工程在手案與現金流。2025 至 2028 年主要風險包括一次性處分利益不可重複、車用業務停產造成舊客戶流失、轉型新產品認證不確定、散熱與電力設備競爭激烈、原物料與外匯波動、工程案履約與應收帳款、以及與日本客戶／技術夥伴合作進度不如預期。

Supply Chain

Upstream
  • 銅、鋁、塑料等材料供應商 公司年報描述上游包含銅、鋁、塑料等材料供應商；未揭露具名台股掛牌公司。
  • 機械設備、壓鑄零組件與設備供應商 公司年報描述上游包含機械設備、壓鑄零組件與設備供應商；未揭露具名台股掛牌公司。
  • A公司 2024 年報主要進貨供應商以代號揭露，2024 年進貨金額 81,374 仟元、占進貨淨額 15.98%，因契約或揭露限制未公布真實名稱。
  • 日立／Hitachi 日本上市集團；年報提及日立工業控制產品、日立商用空調與日本電力大廠供應鏈方向，屬產品、技術或潛在合作關係，非台股公司。
  • 明電舍株式會社／Meidensha Corporation 日本上市公司；為永彰 VCB／電力設備重要日本客戶與合作對象之一，亦與代理、自營及代工業務拓展相關，非台股公司。
Downstream
  • 裕隆汽車製造股份有限公司 2201 2024 年報列為主要銷貨客戶，2024 年銷售 114,655 仟元、占 18.55%；但永彰車用熱管理業務已於 2025 年 4 月停止生產，後續關係延續性需保守看待。
  • 明電舍株式會社／Meidensha Corporation 日本上市公司；2024 年報列為主要銷貨客戶，2024 年銷售 68,917 仟元、占 11.15%，主要與 VCB、電力設備代工及機電產品合作相關。
  • 華碩電腦股份有限公司 2357 2024 年報研發進度提及舊版 CVC 品項已有 ASUS 出貨，新版品提供樣品予客戶；推定屬 3C 散熱產品下游客戶或驗證對象。
  • 三軍總醫院 政府／醫療院所，非公司；永彰於 2024 年 11 月簽訂三軍總醫院新建重症醫療大樓及立體停車場機水電及弱電工程承攬契約，屬智能建築與機電工程下游專案。
  • 電子業、電力設備、建築／營造業、其他企業與終端客戶 公司年報描述下游包含經銷商、電子業、電力設備、建築營造業、其他企業與終端客戶；多數未具名。

Competitors

Sources（18）

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.