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6163

華電網 Information Services 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 華電網 to your watchlist to track signal changes on your next visit.
Valuation 30Quality 26Growth 83Momentum 47Chips 32

Is 華電網 a buy? Fundamentals and valuation first

  • Weak profitability.Operating margin is in the 28th market percentile. Latest quarterly ROE ≈ 0.0%.

  • Valuation is high.PE is in the 88th market percentile; within its own history, PE is around the 87th percentile.

  • Foreign investors are net selling.Foreign 20-day net flow ≈ -0.9% of volume (net sell).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 47.0%, 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 -0.44
BearishNeutralBullish

Distribution to retail — bearish

  • Distribution to retail — bearish
  • 永豐金證券 holds 1,689 lots
  • sellers have 827 lots left, ~48 sessions to clear

Window from 2026-01-17 · Price -28% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 永豐金證券 has accumulated 1,689 lots since the start (sold 3%), now trimming.
  • Main distributor 台灣摩根士丹利 peaked at 1,783 lots, has sold 83%, 296 left, paused recently.
  • TDCC big holders (absolute) >1000-lot holders -2.04pp, mid holders -7, retail +6.48pp — drifting down to retail.
  • Foreign hedge-desk net short Net short -3,601 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
永豐金證券國泰-敦南元富-台中群益金鼎合庫-高雄群益金鼎-敦南
Distributing
台灣摩根士丹利台新康和-永和兆豐-城中中國信託-嘉義國票證券
Desks
own scale
統一元大證券美林中國信託
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 永豐金證券 +1,689
    sold 3%
  • 國泰-敦南 +821
    sold 16%· still adding
  • 元富-台中 +515
    sold 0%
  • 群益金鼎 +485
    sold 7%· still adding
  • 合庫-高雄 +364
    sold 8%
  • 群益金鼎-敦南 +330
    sold 0%

Distributing

  • 台灣摩根士丹利 296 left
    sold 83%· paused recently
  • 台新 411 left
    sold 28%· ~48 sessions to clear
  • 康和-永和 204 left
    sold 59%· paused recently
  • 兆豐-城中 342 left
    sold 29%· paused recently
  • 中國信託-嘉義 96 left
    sold 72%· ~22 sessions to clear
  • 國票證券 106 left
    sold 68%· paused recently

Desks

  • 統一 -1,405
    unclassified
  • 元大證券 -1,217
    unclassified
  • 美林 -1,097
    hedge desk · will cover
  • 中國信託 -982
    unclassified
Still selling 827 lots ~48 sessions to bottom at most
Recent buy/sell force +1,108 absorbed / -469 sold buyers slightly ahead
Hedge-desk net short -3,006 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)

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 47%

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

107 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 52.7%, Sample 91, Median +0.43%, Excess +1.67%, Beat mkt rate 51.6%；60-day: Win 58.9%, Sample 90, Median +3.71%, Excess +4.99%, Beat mkt rate 56.7%；120-day: Win 60.2%, Sample 88, Median +5.07%, Excess +5.02%, Beat mkt rate 56.8%

120 days after: historical avg +9.25%

20-day +2.64%
60-day +7.47%
120-day +9.25%
20-day
60-day
120-day
Win
52.7%
58.9%
60.2%
Sample
91
90
88
Median
+0.43%
+3.71%
+5.07%
Excess
+1.67%
+4.99%
+5.02%
Beat mkt rate
51.6%
56.7%
56.8%

Over 88 occurrences, 120-day forward avg gained 9.25%, beat the market by 5.02 pts; win rate 60.2%.

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)
0-20 334-8.8% -9% 33.5% -20.1%
20-40 315+22.9% +23.5% 67.3% +2.1%
40-60 576+20.4% +14.7% 66% -5.5%
60-80 399+16.3% +4% 59.4% -10.2%
80-100 You are here759+18.2% +8.6% 63.9% +1.6%

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 ≈ 88.95, at the 87.3th 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
+0.4%
Win rate 28.3% Excess -1%
198d
+6.2%
Win rate 48.6% Excess -5.7%
551d
+20.3%
Win rate 65.4% Excess +6.4%
656d
60-day momentum down
+5.6%
Win rate 45.3% Excess +0.1%
298d
+13.3%
Win rate 67.3% Excess +2%
398d
Now
+13.6%
Win rate 68.4% Excess +4.1%
402d

Currently in “Expensive (own-history top 1/3) × 60-day momentum down”: across 402 historical days, 120-day forward avg gained 13.6%, win rate 68.4%, beat the market by 4.1%.

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.

20 times historically; 60-day forward avg +7.43%, win rate 42.1%, beating the market by +4.91 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.

54 times historically; 60-day forward avg +3.39%, win rate 53.7%, beating the market by -1.25 pts on average.

What does 華電網 do? Company profile

資訊服務業（系統整合、通信網路、智慧城市與資安整合服務） 上櫃（櫃買中心）

Overview

6163 對應證券為華電網，發行公司為華電聯網股份有限公司，屬櫃買中心上櫃普通股，非 ETF、ETN、權證或特別股。公司成立於 1994 年 5 月 4 日，2002 年 3 月 19 日上櫃，總部位於新北市汐止區新台五路一段108號11樓B棟。董事長與總經理均為陳國章。公開資料顯示實收資本額約新台幣 14.2 億元；113 年年報列示截至 2025 年 2 月 28 日員工合計 845 人，官網簡介則稱員工人數約 900 人。主要股東方面，113 年年報列示研華投資股份有限公司持股 24,575,000 股、17.30%，為最大股東；陳國章持股 6,364,097 股、4.48%；曾烈璽 2.95%；陸台投資有限公司 2.12%；另有外資保管專戶與員工持股信託等。公司子公司及關係企業包括智慧聯網、開啟資安系統、徽摩立科技、羚翔國際、華寬系統集成技術（上海）、華電聯網香港、華愛人資服務等，多數為 100% 持股。

Business

華電聯網為寬頻應用服務與資通訊系統整合商，商業模式以參與政府、電信、交通、媒體與大型企業標案為主，得標後進行規劃、設備採購、系統整合、建置施工、軟體開發、驗收與維運服務，因此收入具有專案型、標案型與驗收時點差異特性。主要產品與服務包括：電信整合系統服務（PRBT、UMS、簡訊服務平台、EAP-SIM、4G LTE/5G 核心網路、視訊多媒體終端等）、IP 寬頻網路服務（VDSL、MSAN、GPON、Metro Ethernet、IP Transport、NG-SDH/PTN/OTN、STB、Home Gateway、Mesh Wi-Fi、Small Cell Gateway 等）、媒體產業服務（SD/HD/4K 轉檔、影音頭端、VoD、OTT/IPTV、MOD 與多媒體平台）、企業用戶服務（資料中心、虛擬化、雲端、VDI、資安、大數據、機房搬遷）、智慧交通與智慧城市（智慧桿、智慧營運中心、aoSCADA、交通中央電腦、車牌辨識、車聯網、智慧建築、數位看板、機場場務管理等）及資安服務（子公司開啟資安提供合規顧問、AI 輔助檢測、雲端防護、零信任、MDR/SOC 託管等）。MoneyDJ 彙整 2024 年營收比重為企業用戶及其他 49%、電信整合系統服務 19%、智慧城控應用服務 16%、媒體產業服務 10%、IP 寬頻網路服務 6%。113 年年報列示主要銷貨客戶中，中華電信 2024 年銷貨 1,150,128 千元、占 20.90%，交通部高速公路局 564,432 千元、占 10.25%；其他客戶占 68.85%。主要客戶群包括政府機關、公部門、電信業者、交通單位、媒體業者、高科技製造與大型企業。

Outlook 2025–2028

2025 至 2028 年展望重點在智慧交通、AI 邊緣應用、5G/6G、車聯網、資安、雲端與政府數位韌性建設。公司 2025 法說會新聞稿指出，華電聯網持續在資通訊、智能應用、數位媒體與資訊安全四大核心領域服務電信、政府金融、交通與大型科技企業；智慧交通方面，整合式智慧桿解決方案涵蓋設計規劃、系統整合、建置施工與維運，已落地於新北府中商圈、台南藍晒圖、高雄巨蛋、高雄哈瑪星、淡海新市鎮、國道五號等場域。公司自主研發 Edge AI 影像辨識與數位分身交通管理平台，已導入高速公路系統，並透過 C-V2X 提供路況廣播；亦參與台灣車聯網資通訊標準 TCROS，與交通部合作建置淡海新市鎮 D-City 車聯網智慧交通示範場域。桃園機場第三航站區旅客運輸系統導入無人自駕電動巴士與智慧行控中心，可能帶動機場與交通場域延伸需求。公司亦揭露從 SI 擴展至 AI 賦能解決方案服務提供商，透過 AI Box、AI Agent 強化交通與安防產品，並以 SmartQ LAS 推動內部生成式 AI 與知識管理。2026 後成長動能可望來自鐵道、捷運、智慧道路、無人機專案、政府資安與智慧城市標案，以及企業雲端化與資安升級。主要風險包括：專案標案得標不確定性、驗收期長造成營收與現金流波動、應收帳款及存貨週轉較同業低、政府預算與公共工程時程遞延、系統整合同業競爭壓低毛利、上游國際大廠產品價格與供貨變動、ICT 專業人才供給不足，以及 AI、資安、車聯網等新技術快速變化造成研發與認證成本上升。2027 至 2028 年的具體量化財務預測未見公司正式揭露，相關成長判斷屬依公司公開策略、產業趨勢與在手應用場域推估。

Supply Chain

Upstream
  • 零壹科技股份有限公司 3029 113 年年報列示為 2024 年唯一進貨占比超過 10% 的主要供應商，進貨 1,185,943 千元、占進貨淨額 25.54%；亦為軟體與資通訊設備通路供應商。
  • 思科 Cisco Systems 美國上市公司；華電聯網年報列為網通設備與主要銷售產品來源，並提及與 Cisco 等國際大廠合作發展物聯網與智慧城市解決方案。
  • Nokia 歐洲上市公司；年報列為光纖寬頻與網通設備合作供應商，華電聯網曾協助 Nokia 建置中華電信 4G 骨幹網路等專案。
  • 研華股份有限公司 2395 研華投資為華電聯網最大股東；研華亦被列為伺服器工作站與工業電腦相關供應商，並被 MoneyDJ 稱為公司戰略夥伴。
  • 戴爾 Dell Technologies 美國上市公司；年報列為伺服器、工作站與儲存設備供應商，也是公司銷售產品來源之一。
  • 惠普 HP / HPE 美國上市公司；年報列為伺服器工作站、網路管理系統與儲存設備供應商。
  • Fortinet 美國上市公司；年報列為網通與資安設備供應商。
  • Palo Alto Networks 美國上市公司；MoneyDJ 與年報供應商清單列為網通與資安設備來源。
  • 瞻博網路 Juniper Networks 美國上市公司；年報列為網通設備供應商。
  • 合勤控股股份有限公司 3704 台股上市；年報列為網通設備供應商。
  • 邁達特數位股份有限公司 6112 台股上櫃；年報列為網通設備供應商，同時也是資訊服務同業。
  • 宏碁股份有限公司 2353 台股上市；年報列為伺服器工作站供應商。
  • 華碩電腦股份有限公司 2357 台股上市；年報列為伺服器工作站供應商。
  • 精技電腦股份有限公司 2414 台股上市；年報列為伺服器工作站供應商。
  • 群環科技股份有限公司 3234 台股上櫃；年報列為伺服器工作站與軟體供應商。
  • 聯強國際股份有限公司 2347 台股上市；年報列為伺服器工作站通路供應商。
  • 和碩聯合科技股份有限公司 4938 台股上市；年報列為伺服器工作站供應商。
  • 億泰電線電纜股份有限公司 1616 台股上市；年報列為機上盒、光纜及 ITS 工程相關供應商。
  • 聯嘉光電股份有限公司 6288 台股上市；年報列為 ITS 工程供應商。
  • 利凌企業股份有限公司 2495 台股上市；年報列為 ITS 工程供應商，產品與影像監控、安防設備相關。
Downstream
  • 中華電信股份有限公司 2412 台股上市；113 年年報列為最大銷貨客戶，2024 年銷貨占比 20.90%；亦為電信、固網、寬頻、5G 與 MOD/IPTV 系統整合重要客戶。
  • 交通部高速公路局 政府機關，非台股掛牌；113 年年報列為 2024 年第二大銷貨客戶，占比 10.25%；需求與智慧交通、高速公路交控、Edge AI、車聯網與維運相關。
  • 台灣大哥大股份有限公司 3045 台股上市；年報產業段列為主要固網與行動電信業者之一，屬電信網路、寬頻、影音與企業服務潛在及歷史客戶群。
  • 遠傳電信股份有限公司 4904 台股上市；公司簡介資料提及曾獲遠傳電信優良供應商，年報亦將遠傳列為固網與行動電信建設重要業者。
  • 台灣之星電信股份有限公司 原未上市電信業者，已併入台灣大哥大；年報提及華電聯網曾協助 Nokia 建置台灣之星 4G 網路。
  • 新北市政府 政府機關，非台股掛牌；年報與官網新聞提及新北智慧社區、府中商圈智慧桿與淡海新市鎮 D-City 等智慧城市與交通場域。
  • 交通部 政府機關，非台股掛牌；公司 2025 法說新聞稿提及與交通部合作建置淡海新市鎮 D-City 車聯網智慧交通示範場域。
  • 桃園國際機場股份有限公司 國營事業，非台股掛牌；公司 2025 法說新聞稿提及參與第三航站區旅客運輸系統，導入無人自駕電動巴士與智慧行控中心。
  • 媒體與有線電視業者 包含有線電視、OTT/IPTV、MOD、頭端與影音平台業者，多數專案客戶未逐一揭露；年報列為下游媒體客戶群。
  • 大型科技企業與一般企業用戶 年報列示企業用戶服務涵蓋資料中心、雲端、虛擬化、VDI、資安、大數據與機房搬遷；實際個別客戶多未公開。

Competitors

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.