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Help me set up FinLab and analyze 7610 聯友金屬-創. Please read: https://finlab.finance/en/setup?stock=7610

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7610

聯友金屬-創 Green Energy & Environment As of 2026-06-17 Updated daily after market close

strong quality, premium valuation.

2 active signals
Revenue ≥20% Foreign buy
This page refreshes daily after the close. Add 聯友金屬-創 to your watchlist to track signal changes on your next visit.
Valuation 11Quality 100Growth 98Momentum 100Chips 97

Is 聯友金屬-創 a buy? Fundamentals and valuation first

  • Top-tier profitability.Operating margin beats ~100% of the market. Latest quarterly ROE ≈ 28.0%.

  • Valuation is high.PE is in the 92th market percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 21.0% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 462.2%, above the 20% growth threshold.

  • Signals are active now.On the latest data, signals such as Revenue YoY ≥ 20%, Foreign net buying 5 straight days are active — see the historical forward returns after each occurrence below.

Chip flow

Bullish +0.28
BearishNeutralBullish

Single-sided accumulation, concentration rising — bullish

  • Single-sided accumulation, concentration rising — bullish
  • 台灣摩根士丹利 holds 905 lots
  • sellers have 925 lots left, ~210 sessions to clear

Window from 2026-01-17 · Price +979% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 台灣摩根士丹利 has accumulated 905 lots since the start (sold 0%), still adding.
  • Main distributor 元大證券 peaked at 842 lots, has sold 35%, 546 left, ~210 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders +4.30pp, mid holders -7, retail +9.31pp — concentration shifting upward.
  • Foreign hedge-desk net short Net short -1,000 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
台灣摩根士丹利台新國泰證券富邦證券新加坡商瑞銀玉山-信義
Distributing
元大證券新光富邦-台北元大-館前元大-蘆洲台新證券
Desks
own scale
福邦證券國票-南科美林富邦-台南
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 台灣摩根士丹利 +905
    sold 0%· still adding
  • 台新 +890
    sold 0%· still adding
  • 國泰證券 +653
    sold 10%
  • 富邦證券 +457
    sold 0%
  • 新加坡商瑞銀 +344
    sold 0%· still adding
  • 玉山-信義 +245
    sold 2%· still adding

Distributing

  • 元大證券 546 left
    sold 35%· ~210 sessions to clear
  • 新光 142 left
    sold 60%· paused recently
  • 富邦-台北 59 left
    sold 77%· paused recently
  • 元大-館前 93 left
    sold 51%· paused recently
  • 元大-蘆洲 78 left
    sold 47%· paused recently
  • 台新證券 53 left
    sold 60%· paused recently

Desks

  • 福邦證券 -1,401
    unclassified
  • 國票-南科 -710
    unclassified
  • 美林 -502
    hedge desk · will cover
  • 富邦-台南 -478
    unclassified
Still selling 925 lots ~210 sessions to bottom at most
Recent buy/sell force +1,352 absorbed / -160 sold buyers slightly ahead
Hedge-desk net short -909 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 462.17%

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

10 historical occurrences (since 2025-09-10)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 77.8%, Sample 9, Median +31.34%, Excess +29.73%, Beat mkt rate 77.8%；60-day: Win 100%, Sample 7, Median +175.54%, Excess +173.21%, Beat mkt rate 85.7%

60 days after: historical avg +193.61%

20-day +35.84%
60-day +193.61%
20-day
60-day
Win
77.8%
100%
Sample
9
7
Median
+31.34%
+175.54%
Excess
+29.73%
+173.21%
Beat mkt rate
77.8%
85.7%

Over 7 occurrences, 60-day forward avg gained 193.61%, beat the market by 173.21 pts; win rate 100%.

Foreign net buying for 5 straight days

Active · now 19%

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

6 historical occurrences (since 2025-11-25)

Over 5 occurrences, 20-day forward avg gained 55.32%, beat the market by 46.8 pts; win rate 100%.

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.

What does 聯友金屬-創 do? Company profile

綠能環保、稀有金屬回收冶煉、鎢鈷循環經濟 台灣證券交易所上市，創新板

Overview

聯友金屬成立於2018年5月29日，總部與主要廠址位於屏東縣枋寮鄉太源村中山路三段103號。公司原登錄創櫃板、興櫃戰略新板及興櫃一般板，並於2025年9月9日於臺灣證券交易所創新板上市，代號7610，屬普通股營運公司。依2026年5月26日重大訊息，董事長由顏文良改為吳永中，吳永中同時為總經理；公司官網部分舊頁面仍列顏文良，應以重大訊息及市場資料為準。2026年法說會揭露實收資本額為新台幣485,855仟元，集團人數165人（截至2026年4月30日，母公司96人、子公司69人）；臺灣指數公司IR資料列示資本額485,854,560元。公司是台灣首家以循環資源再利用方式生產鎢、鈷稀有金屬原料的專業製造商，透過濕法冶金、回收、研磨、乾燥、電解、氧化等技術，將二次硬質合金及二次鎢、鈷資源回收、純化、精煉為鎢酸鈉、鈷金屬相關製品。公司曾取得RMI非衝突礦產冶煉廠認證、ISO 9001/ISO 14001、UL2809回收金屬料含量驗證，並於2025年取得鎢酸鈉ISO 14067產品碳足跡及電池級硫酸鈷UL2809認證。股權資料方面，鉅亨網列示已發行股數約4,858.55萬股、外資持股16.57%、股東人數12,059人、前十大持股29.18%；Goodinfo列示2026年5月全體董監持股13,440張、持股比例27.7%。董監事及法人董事持股資料會隨申報變動，未逐筆列入主要股東以避免過期。

Business

核心產品為鎢酸鈉與鈷金屬相關製品。鎢酸鈉屬鎢產業鏈上游原料，可進一步製成仲鎢酸銨（APT）、氧化鎢、鎢粉、碳化鎢、鎢鐵、合金鋼、硬質合金、鎢材、鎢絲及鎢合金等，用於汽車零組件、航太引擎、電子零件、半導體封裝模具、測試探針、醫療器材、工具機、PCB刀具、軍事國防、礦業與基礎建設。鈷產品由子公司聯友先進材料（原聯友能源科技，法說會顯示聯友持股97%）推進，產品包含電池級硫酸鈷液、精製碳酸鈷、四氧化三鈷、金屬鈷粉等，應用於電動車電池、硬質合金、磁性材料、超級合金等。商業模式為雙軌制：一是代工模式，收取加工費，毛利率高且較少承擔金屬價格波動；二是自購自售模式，透過買賣價差放大營收與絕對毛利，但承擔鎢鈷價格波動風險。2026年5月法說會揭露，2025年營收結構約為鎢製品75%、鈷製品15%、加工收入9%、其他1%；銷貨量占比方面，2025年代工52%、自售48%。2025年合併營收14.06億元、毛利率31%、稅後淨利2.41億元、EPS 5.45元；2026年第1季營收10.02億元、毛利率74%、稅前淨利6.66億元、稅後淨利5.25億元、EPS 10.87元。公司自稱2024年鎢酸鹽出口量已躍居全球第二，且為全球前三大鎢酸鈉製造商；官網亦稱自2019年持續提供高品質鎢酸鈉，短期內成為全球鎢酸鈉出口量第3名。主要客戶與終端應用方面，公開資料多以產業及終端品牌描述，媒體報導稱終端客戶包括台積電、蘋果、特斯拉，並與多家日系商社集團有供貨合作；公司官方及證交所資料較偏向描述下游應用，未完整揭露客戶名單及個別營收占比，因此具體客戶占比不可確認。

Outlook 2025–2028

2025至2028年主要成長動能包括：一、中國鎢出口管制、鎢礦供給集中與美國國防供應鏈去中化，使非中國鎢供應鏈戰略地位提高；公司鎢酸鈉未列入美國對等關稅加徵品項，且中國鎢製品原已面臨較高關稅，對聯友出口競爭力有利。二、鎢需求由工具機、PCB、半導體封裝、航太、國防、能源、光伏切割鎢絲、鋰電池正極添加等推動；法說會指出矽晶光伏切割鎢絲滲透率提升、AI與軍工需求、全球戰略儲備增加。三、鈷端受剛果出口禁令與配額制影響，供給收縮；子公司高值化鈷產品若放量，可改善產品組合。四、產品高值化：公司規劃從鎢酸鈉往APT、氧化鎢、鎢粉、碳化鎢延伸，並由鈷產品擴至精製碳酸鈷、四氧化三鈷、金屬鈷粉；2026年法說會揭露屏南二、三廠建廠時程為2026年6月至2027年9月，產品為鎢酸鈉、APT、氧化鎢；屏科廠建廠時程為2026年9月至2027年9月，產品為鎢粉與碳化鎢。五、公司長期願景為2030年打造台灣金屬回收聚落，2027年前後產品擴展至合金及靶材。主要風險包括：鎢、鈷價格高度波動導致毛利率與獲利大幅起伏；自售比例提高時庫存與價格風險升高；擴廠、土地、環評、認證與客戶導入時程可能延後；公司股本小且屬創新板，流動性與股價波動風險高；關鍵客戶與個別訂單未充分揭露；若中國出口管制放鬆、全球新供給增加或終端需求轉弱，2026年高毛利狀態可能無法線性外推至2027至2028年。

Supply Chain

Upstream
  • 國內外二次硬質合金、二次鎢資源及含鎢鈷消耗品供應商 主要原料來源，包含工具、刀具、PCB、半導體、工業製程產生之含鎢鈷廢料；多數供應者未公開具名，可能包含未上市及海外企業。
  • 國內外二次鈷、鎳金屬、鋰電池廢料、超級合金與磁鐵廢料供應商 供應子公司聯友先進材料鈷金屬回收冶煉原料；公司法說會表示未來希望擴大回收範圍以提高自有供應比例。
  • 中國、剛果及其他全球鎢鈷礦產供應體系 非直接單一供應商，而是影響鎢、鈷報價與供需的上游礦產體系；中國掌握鎢供給，剛果為主要鈷來源，相關出口管制為公司成長與風險來源。
Downstream
  • 台積電 2330 媒體報導列為聯友終端客戶之一；應用可能與半導體製程、封裝模具、測試探針或供應鏈再生材料需求相關，官方未揭露個別營收占比。
  • 蘋果公司 美國上市公司；媒體報導列為終端客戶或綠色供應鏈相關客戶，官方未揭露個別營收占比。
  • 特斯拉 美國上市公司；媒體報導列為終端客戶之一，官方未揭露個別營收占比。
  • 日系商社集團及海外鎢鈷冶煉／材料廠 媒體報導稱公司長期與多家日系商社集團建立供貨合作；多為海外或未具名企業。
  • 工具機、刀具、PCB、半導體封裝、航太、醫療、電池正極材料及國防供應鏈客戶 公司產品終端應用產業；包含上市、未上市及海外企業，未公開完整客戶名單。

Competitors

  • 光洋應用材料科技股份有限公司 1785 興櫃申請資料列為採樣同業，從事貴金屬回收精煉及銷售；與聯友同屬金屬回收精煉相關，但產品及製程不完全相同。
  • 金益鼎企業股份有限公司 8390 興櫃申請資料列為採樣同業，從事貴金屬回收精煉、廢棄物清除處理等業務。
  • 泰銘實業股份有限公司 9927 興櫃申請資料列為採樣同業，從事鉛、銅、鋁、錫、鋅、銻等金屬電解化學精煉製造加工及買賣。
  • 佳龍科技工程股份有限公司 9955 興櫃申請資料列為採樣同業，從事貴金屬回收精煉、混合五金處理、廢資訊品回收處理等業務。
  • 廈門鎢業及中國鎢產業鏈廠商 中國上市或中國企業，為全球鎢礦、APT、氧化鎢、鎢粉、碳化鎢等供應鏈重要競爭者；非台股，stock_id留空。
  • Umicore 比利時上市公司，法說會提及為鈷粉供應廠商之一；非台股。
  • 南京寒銳鈷業 中國上市公司，法說會提及為鈷粉供應廠商之一；非台股。
  • 格林美 中國上市公司，法說會提及為鈷粉供應廠商之一；非台股。
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.