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8103

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

steady quality, fair valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 瀚荃 to your watchlist to track signal changes on your next visit.
Valuation 55Quality 65Growth 67Momentum 73Chips 8

Is 瀚荃 a buy? Fundamentals and valuation first

  • Above-average profitability.Operating margin is in the 73th market percentile. Latest quarterly ROE ≈ 2.4%.

  • Valuation is neutral.PE is in the 46th market percentile; within its own history, PE is around the 90th percentile.

  • Foreign investors are net selling.Foreign 20-day net flow ≈ -6.4% of volume (net sell).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 22.4%, 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 -0.42
BearishNeutralBullish

Distribution to retail — bearish

  • Distribution to retail — bearish
  • 國泰-館前 holds 835 lots
  • sellers have 1,401 lots left, ~347 sessions to clear

Window from 2026-01-17 · Price -4% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 國泰-館前 has accumulated 835 lots since the start (sold 0%), still adding.
  • Main distributor 美商高盛 peaked at 1,269 lots, has sold 59%, 520 left, ~347 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders -8.13pp, mid holders +1, retail +4.96pp — drifting down to retail.
  • Foreign hedge-desk net short Net short -187 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
國泰-館前元大證券法銀巴黎元大-林森國泰-敦南大和國泰
Distributing
美商高盛摩根大通凱基-台北新光-新竹花旗環球元富
Desks
own scale
華南永昌統一富邦-新店富邦證券
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 國泰-館前 +835
    sold 0%· still adding
  • 元大證券 +812
    sold 6%· still adding
  • 法銀巴黎 +500
    sold 2%
  • 元大-林森 +337
    sold 5%· still adding
  • 國泰-敦南 +332
    sold 3%· still adding
  • 大和國泰 +300
    sold 0%

Distributing

  • 美商高盛 520 left
    sold 59%· ~347 sessions to clear
  • 摩根大通 502 left
    sold 57%· paused recently
  • 凱基-台北 270 left
    sold 65%· ~12 sessions to clear
  • 新光-新竹 355 left
    sold 41%· paused recently
  • 花旗環球 220 left
    sold 33%· ~122 sessions to clear
  • 元富 168 left
    sold 48%· paused recently

Desks

  • 華南永昌 -5,024
    unclassified
  • 統一 -1,093
    unclassified
  • 富邦-新店 -980
    unclassified
  • 富邦證券 -663
    unclassified
Still selling 1,401 lots ~347 sessions to bottom at most
Recent buy/sell force +1,240 absorbed / -462 sold buyers slightly ahead
Hedge-desk net short -187 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 22.36%

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

61 historical occurrences (since 2007-04-23)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 63.6%, Sample 44, Median +1.85%, Excess -0.06%, Beat mkt rate 52.3%；60-day: Win 54.8%, Sample 42, Median +2.51%, Excess -0.44%, Beat mkt rate 45.2%；120-day: Win 53.7%, Sample 41, Median +3.57%, Excess +0.15%, Beat mkt rate 43.9%

120 days after: historical avg +1.88%

20-day +1.39%
60-day +1.7%
120-day +1.88%
20-day
60-day
120-day
Win
63.6%
54.8%
53.7%
Sample
44
42
41
Median
+1.85%
+2.51%
+3.57%
Excess
-0.06%
-0.44%
+0.15%
Beat mkt rate
52.3%
45.2%
43.9%

Over 41 occurrences, 120-day forward avg gained 1.88%, beat the market by 0.15 pts; win rate 53.7%.

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)
0-20 346+17.8% +17.5% 75.1% -2.6%
20-40 244+17.2% +10.8% 62.7% +0.3%
40-60 482+8% -7.4% 46.7% -7.1%
60-80 787+12.1% +11.1% 58.7% -2.9%
80-100 You are here1173+20.2% +20.5% 69.9% +3.4%

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 ≈ 20.39, at the 90.5th 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
+7.8%
Win rate 76.5% Excess -1.3%
115d
-0.5%
Win rate 46.5% Excess -4.6%
428d
Now
+13.1%
Win rate 76.2% Excess +1.3%
1207d
60-day momentum down
+3.6%
Win rate 50.4% Excess -3.4%
369d
+2.4%
Win rate 52.3% Excess -5%
371d
+10%
Win rate 60.4% Excess +3.4%
662d

Currently in “Expensive (own-history top 1/3) × 60-day momentum up”: across 1207 historical days, 120-day forward avg gained 13.1%, win rate 76.2%, beat the market by 1.3%.

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.

34 times historically; 60-day forward avg +3.66%, win rate 48.5%, beating the market by +0.83 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.

65 times historically; 60-day forward avg +2.4%, win rate 51.6%, beating the market by -0.45 pts on average.

What does 瀚荃 do? Company profile

電子零組件業；連接器、軟性排線與線纜組件 台灣證券交易所上市

Overview

8103 對應瀚荃股份有限公司，為台灣證券交易所上市普通股，不是 ETF、ETN、權證或特別股。證交所 OpenAPI 資料顯示公司成立日為 1990-03-16，上市日為 2009-09-29，總部地址為新北市淡水區中正東路一段3巷9號9樓，董事長為楊超群，總經理/執行長為楊奕康，發言人為王霈蓮，實收資本額為新台幣784,366,710元，已發行普通股78,436,671股，每股面額新台幣10元，英文簡稱 CviLux，網址為 www.cvilux-group.com。公司官網沿革補充：1990年成立瀚荃有限公司，1996年改制為股份有限公司，2004-03-29股票上櫃，2009-09-29由上櫃轉上市；主要生產據點在台灣淡水、中國東莞、蘇州、重慶、安徽，以及東協寮國，2024年設立越南工廠。2026年5月法說簡報揭露營運/生產據點與人員或產線配置數字：台灣總部約150、東莞一廠約700、東莞二廠約300、蘇州約350、重慶約350、寮國約250、越南廠區約10，合計約2,110；此數字在簡報中未明確標示為全集團員工總數，故僅作據點規模參考。主要股東方面，證交所115年5月董監事持股明細顯示，董事長本人為群康投資股份有限公司，持有7,043,600股；其法人代表人楊超群持有453,709股；董事/總經理楊奕康持有513,712股。證交所持股逾10%大股東名單未列8103，故未確認單一股東逾10%。

Business

瀚荃以 CviLux 品牌行銷全球，定位為連接器、軟性排線 FFC/FPC、線纜組件與相關電子模組的專業製造商，商業模式以 OEM/ODM、客製化連接解決方案、模具/自動化製程、連接器與線材配套量產為核心。公司官網列示主要產品包括：連接器、軟性排線、線纜組件、無線模組、Apple HomeKit/MFi 應用配件、汽車電子 PCBA 與感測器、IoT 軟硬體系統整合及其他產品；應用涵蓋網通、筆電、光電、數位消費電子、汽車、工業、IoT、電腦週邊等。2026年5月法說簡報揭露2026Q1應用別營收組合：伺服器與網通44%，其中 AI Power 22%；筆電22%；工業電子16%；車用電子3%；其他15%。法說簡報亦顯示2026Q1營收新台幣910,083千元、年增23%，毛利率38%，營業利益129,570千元、年增95%，EPS 1.17元、年增60%。第三方法說摘要指出公司事業群大致為連接器約70%、線纜組件約25%至30%、電子配件低於5%，但此為摘要整理，非原始財報科目。公司客戶多為國際品牌、EMS廠與電源供應鏈客戶；公司未在公開資料逐一具名主要客戶。

Outlook 2025–2028

2025至2028展望重點在 AI 伺服器電力架構升級、伺服器/網通與工業電子占比提升、東南亞產能擴張與中國廠精實整併。2024法說簡報已指出 AI PC/NB在未來2至3年普及、CSP基礎建設驅動AI伺服器零組件用量上升，AI伺服器高瓦數帶動電源模組、電源主板、板對板連接器與相關 CB/CH/CU/CI 系列需求。2026年5月法說簡報顯示 AI 產品營收占比由2023年5%、2024年8%、2025年18%提升至2026年1至3月22%，且2026Q1伺服器與網通營收年增54%。自由財經2026-01-19報導指出，公司看好AI伺服器資料中心電力需求，2025年伺服器網通比重約36%至37%，2026年在AI需求帶動下伺服器網通占比有機會突破40%；公司規劃泰國擴產、越南廠2025年第4季量產，並推動中國據點整併，華南廠擴大電源與工業產品產能，蘇州轉向高頻產品研發與少量多樣高附加價值製造。2026年5月法說摘要指出公司維持全年營收雙位數成長看法，成長主要來自伺服器網通、AI Power與工業電子；Q3可能受長短料影響但全年仍偏正向。2027至2028可觀察AI電源櫃、BBU/CBU、DC-DC降壓模組、48V/高壓直流與ASIC伺服器需求是否延續，若資料中心功耗與電源架構升級持續，板端電源連接器用量與ASP有機會支撐中期成長。主要風險包括：AI伺服器訂單能見度與終端需求波動、電源大客戶集中度、長短料與供應鏈交期、NB與消費電子價格競爭、東南亞新廠良率/成本爬坡、匯率、新台幣升值造成匯損、地緣政治與關稅、同業進入高毛利AI電源連接器市場、公司公開資訊未充分揭露終端客戶導致研究需仰賴法人與媒體推估。

Supply Chain

Upstream
  • 端子、銅材、合金與沖壓材料供應商 公司產品上游原料包含端子、金屬導體與沖壓材料；公開資料未揭露具名供應商，故不填台股代號。
  • 工程塑膠、塑膠座與射出成型材料供應商 連接器塑膠座、絕緣件與射出成型材料為主要上游；公開資料未揭露具名供應商。
  • 電鍍材料與表面處理供應商 連接器端子與接點需電鍍與表面處理；公開資料未揭露具名供應商。
  • 模具、自動化設備與治具供應商 公司自建模具加工、自動化專用機器與量產製程，上游仍涉及設備/治具供應鏈；公開資料未揭露具名外部供應商。
Downstream
  • 台灣大型AI伺服器電源供應器客戶 自由財經報導稱瀚荃出貨以台灣最大的兩家AI電源廠為主，並透過電源供應鏈間接切入大型資料中心客戶；公司與報導未正式具名，故不填台股代號。
  • 全球EMS廠與國際品牌客戶 公司官網稱為全球各大EMS廠合格供應商、客戶涵蓋國際知名大廠；未揭露具名公司。
  • 資料中心、AI伺服器與CSP終端需求 AI Power、PSU、BBU/CBU、DC-DC降壓模組與板對板電源連接器的終端需求來自AI伺服器與雲端資料中心；多為間接客戶或海外大型CSP，未由公司具名。
  • 全宇昕科技股份有限公司 6651 瀚荃2026年公開收購全宇昕普通股並取得約15%股權，屬連接器同業策略投資/可能合作關係；全宇昕為台灣上櫃公司。

Competitors

  • 信邦電子 3023 台股上市連接器、線束與工業/車用/醫療等連接解決方案廠，與瀚荃在連接器及線材應用部分重疊。
  • 貿聯-KY 3665 台股上市連接線束與高速傳輸/電源連接解決方案廠，資料中心與工業線束領域具競爭性。
  • 良維科技 6290 台股上櫃電源線、連接線與高功率線材廠，與AI伺服器電源線材題材部分重疊。
  • 宏致電子 3605 台股上市連接器廠，布局高速連接器、NB、伺服器與車用應用。
  • 凡甲科技 3526 台股上櫃連接器廠，產品涵蓋伺服器、工業、汽車與消費電子等。
  • 湧德電子 3689 台股上櫃網通連接器與模組廠，在網通連接元件供應鏈具競爭關係。
  • 胡連精密 6279 台股上櫃車用連接器廠，與瀚荃車用電子連接器業務在部分終端應用重疊。
  • 優群科技 3217 台股上櫃電子連接器廠，筆電與記憶體/電子連接器領域具同業比較意義。
  • 宣德科技 5457 台股上櫃連接器與線材廠，消費電子、通訊與車用等應用部分重疊。
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.