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6134

萬旭 Electronic Components 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 萬旭 to your watchlist to track signal changes on your next visit.
Valuation 25Quality 40Growth 87Momentum 75Chips 51

Is 萬旭 a buy? Fundamentals and valuation first

  • Weak profitability.Operating margin is in the 38th market percentile. Latest quarterly ROE ≈ 1.3%.

  • Valuation is high.PE is in the 89th market percentile; within its own history, PE is around the 75th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 0.5% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 63.5%, 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 +0.57
BearishNeutralBullish

Single-sided accumulation, concentration rising — bullish

  • Single-sided accumulation, concentration rising — bullish
  • 台新-高雄 holds 284 lots
  • sellers have 4,054 lots left, ~35 sessions to clear

Window from 2026-01-17 · Price +10% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 台新-高雄 has accumulated 284 lots since the start (sold 7%), still adding.
  • Main distributor 美商高盛 peaked at 1,855 lots, has sold 29%, 1,308 left, ~27 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders +1.21pp, mid holders +6, retail -4.29pp — concentration shifting upward.
  • Foreign hedge-desk net short Net short -117 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
台新-高雄永豐金-新竹第一金-澎湖宏遠-台南第一金-台南元大-龍潭
Distributing
美商高盛凱基-台北摩根大通新加坡商瑞銀美林港商野村
Desks
own scale
華南永昌-板橋永豐金-新店國泰-板橋富邦-新板
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 台新-高雄 +284
    sold 7%· still adding
  • 永豐金-新竹 +247
    sold 0%· still adding
  • 第一金-澎湖 +215
    sold 4%
  • 宏遠-台南 +155
    sold 0%· still adding
  • 第一金-台南 +149
    sold 7%
  • 元大-龍潭 +141
    sold 0%· still adding

Distributing

  • 美商高盛 1,308 left
    sold 29%· ~27 sessions to clear
  • 凱基-台北 567 left
    sold 61%· ~27 sessions to clear
  • 摩根大通 952 left
    sold 32%· ~22 sessions to clear
  • 新加坡商瑞銀 259 left
    sold 65%· ~10 sessions to clear
  • 美林 351 left
    sold 47%· ~35 sessions to clear
  • 港商野村 300 left
    sold 47%· ~35 sessions to clear

Desks

  • 華南永昌-板橋 -803
    unclassified
  • 永豐金-新店 -359
    unclassified
  • 國泰-板橋 -249
    unclassified
  • 富邦-新板 -244
    unclassified
Still selling 4,054 lots ~35 sessions to bottom at most
Recent buy/sell force +1,676 absorbed / -1,937 sold sellers slightly ahead
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 63.51%

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

66 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 66%, Sample 47, Median +4.12%, Excess +3.98%, Beat mkt rate 51.1%；60-day: Win 46.7%, Sample 45, Median -2.35%, Excess -0.31%, Beat mkt rate 42.2%；120-day: Win 45.2%, Sample 42, Median -7.33%, Excess -6.67%, Beat mkt rate 33.3%

120 days after: historical avg +2.27%

20-day +6.25%
60-day +5.36%
120-day +2.27%
20-day
60-day
120-day
Win
66%
46.7%
45.2%
Sample
47
45
42
Median
+4.12%
-2.35%
-7.33%
Excess
+3.98%
-0.31%
-6.67%
Beat mkt rate
51.1%
42.2%
33.3%

Over 42 occurrences, 120-day forward avg gained 2.27%, lagged the market by 6.67 pts; win rate 45.2%.

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
40-60 147+64.4% +77.3% 85.7% -50.8%
60-80 You are here256+28% +21.1% 65.2% -23.4%
80-100 176+49.8% +43.9% 84.1% -18.2%

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 ≈ 95.95, at the 75.0th percentile of its own history (60-80 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)
Insufficient data
(19d)
Now
+20.2%
Win rate 58.9% Excess -4.2%
175d
60-day momentum down
Insufficient data
(0d)
+19.5%
Win rate 78.9% Excess -19.5%
133d
+27.2%
Win rate 57.7% Excess -3.2%
369d

Currently in “Expensive (own-history top 1/3) × 60-day momentum up”: across 175 historical days, 120-day forward avg gained 20.2%, win rate 58.9%, lagged the market by 4.2%.

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.

21 times historically; 60-day forward avg +8.36%, win rate 60%, beating the market by +0.43 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.

26 times historically; 60-day forward avg -0.71%, win rate 50%, beating the market by -7.1 pts on average.

What does 萬旭 do? Company profile

電子零組件業；連接線、極細同軸線、天線與SMT精密加工 上櫃

Overview

萬旭電業股份有限公司成立於1987年6月，總部位於新北市五股區新北產業園區五工六路72號3-5樓，股票代號6134，2002年1月8日於櫃買中心掛牌上櫃。公司英文名稱為 WanShih Electronic Co., Ltd.，董事長兼總經理為張程欽，集團總裁為張銘烈。公司官網揭露資本額約新台幣8.18億元、員工人數約1200人；Yahoo股市資料顯示股本818,821,170元、已發行普通股81,882,117股。主要股東（公司官網2025/04/05資料）包括萬泰科技股份有限公司持股20.31%、日商朝日通信（股）公司16.62%、全康精密工業股份有限公司6.11%、許恒輔2.61%、日商日本自動化機械（股）公司1.98%、張程欽1.83%。公司生產與營運據點包含台灣五股、大陸蘇州、東莞、越南、美國，並於2024年投資泰國子公司；公司表示以台北為集團營運中心，提供客製化研發、彈性生產、即時交貨與全球運籌。

Business

萬旭為電子連接線與無線天線供應商，核心產品包含配線、極細同軸線組、外接線、天線、RF配線與SMT精密加工模組。主要原料為連接器與線材。產品應用橫跨視訊安控、消費電子、網通工控、車用電子、伺服器、醫療、儲能與衛星航太。視訊安控用於監視器、視訊會議與空拍機配線；消費電子用於強固型筆電、智慧家電及內部電子連接配線；網通工控用於閘道器、路由器、智慧電視、串流設備等無線訊號接收與傳送；車用電子用於汽機車、電動車、電動自行車內外部連接線組，含中控、車聯網、ADAS、新能源車動力系統、多螢幕顯示與熱管理；伺服器產品用於高速傳輸運算中心、伺服器與資料儲存中心配線；醫療產品用於MRI、超音波、心電圖、血壓血糖儀器與拋棄式內視鏡線材；儲能產品用於逆變器、堆疊電池、充電樁、戶儲、工商儲能與大型儲能電站；衛星航太用於低軌衛星與衛星通訊裝置。2024年前三季產品營收占比據MoneyDJ法說報導為儲能工控34%、車用電子25%、視訊安控17%、醫療8%、電腦配線7%、其他9%；2025年前三季據經濟日報報導為儲能工控41%、車用電子29%、視訊安控10%、醫療7%、其他13%，顯示公司營收結構持續從傳統PC/消費線材轉向儲能、車用、AI伺服器與衛星航太。2024年銷售地區占比據MoneyDJ百科為亞洲67%、台灣18%、歐美13%、其他2%。商業模式以客製化線材、連接線組、天線與SMT加工設計製造為主，承接品牌廠、系統廠、車廠、儲能設備廠、醫療設備廠與衛星/新創客戶專案，收入受客戶專案週期、新產品導入與產能配置影響。

Outlook 2025–2028

2025至2028年主要成長動能在儲能工控、車用電子、AI伺服器高速線材、低軌衛星/航太與醫療影像線材。儲能方面，萬旭已成為部分銷歐儲能產品線材組主力供應商，2024年前三季出貨量已為2023全年3倍以上；2025年法說報導指出儲能營收成長將超過50%，公司預期整體儲能市場年複合成長率超過30%，澳洲儲能政策也帶動第4季出貨。車用方面，萬旭已打入歐系電動車曲面螢幕線材與中國電動車熱管理系統，2025年電動車營收預估成長22%，車載產品占比接近30%；公司曾表示產品導入比亞迪、極氪、吉利等中國車廠供應鏈，車用訂單動能有望延續。AI伺服器方面，萬旭與母公司萬泰科合作高速線與AI伺服器線材加工，已接觸國內系統廠與白牌伺服器客戶，2024年已開發生產伺服器高速訊號線材及AI server儲能設備、大電流連接線。低軌衛星方面，公司已量產低軌衛星高速訊號線，並在美國以快速打樣與在地製造供應新創客戶，報導提及AST衛星端高速傳輸跳線及其他非商用客戶；2024年公司表示未來五年看好儲能、電動車、影像醫學、低軌衛星。產能方面，2025年啟動中國與美國擴產，美國廠規模規劃超越台灣，蘇州廠擴產至少五成，越南廠建廠規模待確認，並新增泰國子公司作為東南亞生產據點以提升地緣政治彈性。2026展望據經濟日報報導，公司對營收維持兩位數成長看法樂觀，毛利率受益於營收上升與單位成本下降，但仍需觀察新產能稼動、客戶認證時程、匯率、銅材/線材與連接器價格、電動車與儲能景氣循環、AI伺服器線材競爭、衛星客戶集中度、地緣政治、關稅及中國/美國/越南/泰國跨區製造管理風險。2027至2028具體財測未見公司公開量化指引，僅能以已揭露產品布局與產能計畫推估持續受儲能、EV、AI高速傳輸與衛星航太拉動；此部分屬推估，需持續追蹤月營收、毛利率、產品占比與重大客戶量產進度。

Supply Chain

Upstream
  • 萬泰科技股份有限公司 6190 主要股東及母公司/集團關係企業，持有萬旭20.31%；本身為線材、電線電纜及高速線材相關廠商，並與萬旭合作AI伺服器高速線材。屬上游/集團協同關係，但公開資料未揭露其為萬旭直接供應商。
  • 日商朝日通信（股）公司 日本公司，為萬旭主要股東之一，持股16.62%；與萬旭早期投資及線材/通信供應鏈有關，非台股上市櫃，公開資料未確認直接供應交易。
  • 日商日本自動化機械（股）公司 日本公司，為萬旭主要股東之一，持股1.98%；名稱顯示與自動化機械相關，可能與設備/技術供應鏈有關，非台股上市櫃，公開資料未確認直接供應交易。
  • 連接器與線材供應商 萬旭主要原料為連接器與線材；個別供應商名單未在公開資料中完整揭露，因此不指定直接供應商。台股同產業可能包含正崴、瀚荃、良維、貿聯-KY、胡連等，但未確認對萬旭有直接供應關係。
Downstream
  • 歐系電動車大廠 萬旭法說報導提及已供貨歐系電動車曲面螢幕線材，客戶名稱未公開；非台股掛牌或未能確認名稱。
  • 比亞迪 中國/香港上市車廠，報導稱萬旭車載產品導入比亞迪等中國電動車供應鏈；非台股上市櫃。
  • 極氪 中國電動車品牌，報導稱萬旭產品導入極氪供應鏈；非台股上市櫃。
  • 吉利 中國/香港上市車廠集團，報導稱萬旭產品導入吉利供應鏈；非台股上市櫃。
  • AST SpaceMobile 美國上市低軌衛星/太空通訊公司，MoneyDJ報導提及萬旭美國端有AST衛星端高速傳輸跳線需求；非台股上市櫃。
  • 國內系統廠與白牌伺服器客戶 經濟日報報導萬旭AI高速線與AI伺服器線材已接觸國內系統廠客戶、白牌伺服器產品進行中；公開資料未揭露具體公司名稱，因此stock_id填null。
  • 儲能設備客戶 萬旭已成為部分銷歐儲能產品線材組主力供應商，產品用於逆變器、堆疊電池、充電樁、戶儲、工商儲與大型儲能電站；客戶名稱未公開。

Competitors

  • 貿聯-KY 3665 台股上市連接線束、線纜組件與高階連接解決方案廠，應用含車用、工業、資料中心與醫療，與萬旭在高階線材/線束部分市場重疊。
  • 鴻碩 3092 台股上櫃線材與高速傳輸線廠，與萬旭在消費電子、伺服器/高速線材與連接線產品上具競爭或替代關係。
  • 良維 6290 台股上市電源線、連接線與線材組件廠，與萬旭在線材加工、外接線與電子線束市場部分重疊。
  • 瀚荃 8103 台股上櫃連接器、連接線與機電整合廠，產品可應用於伺服器、車用、工控等，與萬旭在連接器/線束解決方案部分領域競爭。
  • 胡連 6279 台股上市車用連接器與端子廠，與萬旭在車用電子連接材供應鏈部分應用重疊，但胡連偏連接器端子，萬旭偏線束與線材加工。
  • 凡甲 3526 台股上櫃連接器廠，產品應用於伺服器、工控與車用等，與萬旭在高速傳輸/伺服器連接解決方案供應鏈具部分競合。
  • 正崴 2392 台股上市連接器、線材與電源相關大廠，應用廣泛，與萬旭在連接線、電子零組件與客戶應用上部分重疊。
  • 萬泰科 6190 台股上櫃電線電纜與高速線材相關廠，為萬旭主要股東/母公司並在AI高速線材合作；在部分線材市場具同業屬性，較偏集團協同而非純競爭。
Sources（14）

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.