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Help me set up FinLab and analyze 3483 力致. Please read: https://finlab.finance/en/setup?stock=3483
3483
quality needs a look, fair valuation, no active signal today.
Is 力致 a buy? Fundamentals and valuation first
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Weak profitability.Operating margin is in the 31th market percentile. Latest quarterly ROE ≈ 0.3%.
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Valuation is neutral.PE is in the 52th market percentile; within its own history, PE is around the 73th percentile.
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Foreign investors are net buying.Foreign 20-day net flow ≈ 1.3% of volume (net buy).
Chip flow
Single-sided accumulation, concentration rising — bullish
Window from 2026-01-17 · Price 0% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 元大-歸仁 has accumulated 555 lots since the start (sold 0%), holding.
- Main distributor 美商高盛 peaked at 845 lots, has sold 54%, 389 left, ~13 sessions to clear at the recent pace.
- TDCC big holders (absolute) >1000-lot holders +1.91pp, mid holders +0, retail -1.01pp — concentration shifting upward.
- Foreign hedge-desk net short Net short -1,093 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 元大-歸仁 +555
- 凱基-竹東 +410
- 富邦-桃園 +279
- 玉山-左營 +221
- 統一-台中 +220
- 凱基 +187
Distributing
- 美商高盛 389 left
- 港商野村 115 left
- 美林 96 left
- 宏遠-高雄 109 left
- 統一 50 left
- 玉山-城中 79 left
Desks
- 摩根大通 -577
- 富邦-台北 -290
- 永豐金-竹北 -209
- 康和-仁愛 -209
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
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 band | Sample days | 240-day avg return | Median | Win rate | Avg excess (vs index) |
|---|---|---|---|---|---|
| 0-20 | 239 | +138.2% | +156.5% | 99.6% | +114.2% |
| 20-40 | 367 | +20.3% | -0.4% | 49.6% | -11% |
| 40-60 | 534 | +13.4% | -10% | 42.5% | -6.6% |
| 60-80 You are here | 793 | +27.6% | +10.1% | 61.5% | +11.6% |
| 80-100 | 173 | +90.6% | +58.9% | 90.8% | +80.7% |
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 ≈ 23.71, at the 73.1th 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.
Currently in “Expensive (own-history top 1/3) × 60-day momentum up”: across 417 historical days, 120-day forward avg gained 10.2%, win rate 54%, beat the market by 5.2%.
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.
Signals not active (historical stats for reference)
These are not occurring now; historical samples shown for comparison.
252-day price high (breakout)
PendingAdjusted close makes a new 252-day high; repeats within 20 days counted once.
19 times historically; 60-day forward avg +8.65%, win rate 42.1%, beating the market by +3.98 pts on average.
Monthly revenue YoY ≥ 20% (from filing deadline)
PendingMonthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).
79 times historically; 60-day forward avg +3.63%, win rate 48.4%, beating the market by -0.16 pts on average.
Foreign net buying for 5 straight days
PendingForeign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.
53 times historically; 60-day forward avg +3.51%, win rate 45.1%, beating the market by +0.72 pts on average.
What does 力致 do? Company profile
Overview
力致科技股份有限公司成立於1997年11月13日，股票於2006年12月18日在櫃買中心上櫃，統一編號16266820，總部位於新竹縣竹北市新泰路31號2樓。依2026年1月7日公開基本資料，董事長為饒振奇、總經理為王維鵬，股本為新台幣990,492,570元，已發行普通股99,049,257股，股務代理為中國信託商業銀行，簽證會計師為勤業眾信。依2024年度年報，集團主要營運與生產據點包括台灣新北新莊工廠、中國蘇州聚力、重慶力耀、四川力泓、安徽聚積及越南河南力致等；截至2025年3月31日，從業員工合計5,026人。2025年3月29日前十大股東包括饒振奇1.97%、渣打國際商業銀行營業部受託保管先進星光1.30%、渣打國際商業銀行營業部受託保管梵加德集團1.23%、彭元奎1.21%、饒禹新1.11%、陳冠政1.09%、饒春梅受饒振奇信託財產專戶1.07%、戴昌國1.05%、饒禹辰1.04%、施銘銓1.02%。
Business
力致是熱管理與散熱零組件廠，主要為CPU、GPU、VGA等電腦晶片提供散熱解決方案。2024年度年報揭露，主要產品營收比重為「散熱模組及風扇」100.00%，其他0.00%，2024年合併營業收入為新台幣9,001,173千元。現有商品包括筆記型電腦、桌上型電腦、高階伺服器所需散熱模組與散熱風扇，也開發高瓦數產品、電信基地台、網通、智慧手機、車載散熱、遙控無人機、資料中心冷卻系統等應用。公司網站說明其可提供風扇、模組、熱管、均溫板、超薄均溫板、水冷板、浸沒式系統等垂直整合方案，涵蓋設計、樣品驗證到大量製造。商業模式以客製化散熱設計、零組件與模組製造、OEM/ODM客戶供貨為主；公開法說摘要曾列主要銷售客戶包含Dell、宏碁、鴻海、仁寶、廣達、緯創等，但公司年報未逐一確認客戶營收占比。2025年全年合併營收約新台幣90.03億元；2026年1至5月累計營收約新台幣35.60億元，年增約3.03%；2026年第1季EPS約0.17元。
Outlook 2025–2028
2025至2028年展望重點在產品組合由PC/NB散熱向AI伺服器、資料中心液冷、浸沒式冷卻、車載與高瓦數散熱模組擴張。公司2024年度年報列示2025營運方針為維持並擴增既有筆記型電腦散熱優勢、開發筆電以外新產品、提升製造能力與品質、透過供應鏈管理降低成本；研發項目包括浸沒式資料中心冷卻系統、機櫃式水冷散熱結構、高效能均溫板、高瓦數VC加熱管複合散熱模組、2.8至3.0mm離心扇、3D均溫板性能改善及車載風扇/散熱模組。產業面，AI、HPC、雲端與邊緣運算推升伺服器功耗，資料中心將逐步採用水冷、冷板、CDU、浸沒式液冷與智慧散熱管理；AI PC、電競筆電、輕薄化裝置仍需要高效率與低噪音散熱。外部媒體引述公司說法，2025年公司加速布局液冷，鎖定水冷板、CDU，浸沒式產品已開始出貨，並希望降低PC應用營收占比，2026年PC比重估降至約70%，伺服器應用占比有機會提升至15%至20%以上；此屬公司/媒體展望，非保證。主要風險包括PC需求循環、AI伺服器液冷認證與量產時程不確定、既有大廠與新進液冷業者競爭、銅鋁等原料價格波動、客戶集中與議價壓力、地緣政治與關稅、海外產能配置、匯率及液冷可靠度/漏液測試要求。
Supply Chain
- 銅、鋁等金屬材料供應商 年報列示散熱產業上游包含銅、鋁等金屬材料，用於散熱片、熱管、冷板等；未揭露特定直接供應商。
- 軸承、塑膠成型、金屬沖壓、PCB供應商 年報產業關聯圖列為散熱風扇與模組上游；未揭露特定直接供應商。
- 熱管、導熱膠片、冷卻液與感測/控制元件供應商 液冷、熱管、智能散熱系統所需上游材料與元件；未揭露特定直接供應商。
- 仁寶電腦 2324 台股上市NB ODM，公開法說摘要列為力致主要銷售客戶之一，主要對應筆電散熱模組。
- 廣達電腦 2382 台股上市ODM與伺服器製造商，公開法說摘要列為力致主要銷售客戶之一，對應筆電/伺服器散熱應用。
- 緯創資通 3231 台股上市ODM，公開法說摘要列為力致主要銷售客戶之一，對應筆電與伺服器相關散熱應用。
- 鴻海精密 2317 台股上市電子製造服務商，公開法說摘要列為力致主要銷售客戶之一。
- 宏碁 2353 台股上市PC品牌，公開法說摘要列為力致主要銷售客戶之一，對應筆電/PC散熱需求。
- Dell Technologies 美國上市PC/伺服器品牌，公開法說摘要列為力致主要銷售客戶之一。
- 雲端服務與資料中心客戶 公司液冷與浸沒式散熱鎖定CSP、電信與資料中心；媒體報導提及Meta、Google、Microsoft、日本KDDI等合作或客戶線索，但非全部由公司年報逐項確認。
Competitors
- 奇鋐科技 3017 台股上市散熱模組、風扇與AI伺服器散熱主要同業。
- 雙鴻科技 3324 台股上櫃散熱模組、熱管、均溫板與伺服器散熱同業。
- 建準電機 2421 台股上市風扇與熱管理廠，與力致在風扇/散熱應用部分重疊。
- 元山科技 6275 台股上櫃風扇與散熱產品廠，屬散熱供應鏈同業。
- 高力熱處理 8996 台股上市熱能與液冷相關供應鏈公司，在AI伺服器液冷題材中常被列為同業或供應鏈比較對象。
- 台達電子 2308 台股上市電源、風扇、散熱及資料中心基礎設施大廠；力致年報競爭情形列Delta Electronics為全球散熱解決方案供應商之一。
- Cooler Master 未上市/非台股掛牌散熱品牌，力致年報列為全球散熱解決方案供應商之一。
- Asetek 丹麥液冷技術公司，非台股掛牌；力致年報列為全球散熱解決方案供應商之一。
- CoolIT Systems 加拿大未上市液冷解決方案公司，非台股掛牌；力致年報列為全球散熱解決方案供應商之一。
- GRC 美國未上市浸沒式液冷資料中心公司，非台股掛牌；力致年報列為競爭者之一。
- Submer 非台股掛牌浸沒式液冷公司；力致年報列為競爭者之一。
Sources（12）
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.